Australia Pet Insurance Market Size & Outlook, 2024-2030
Australia pet insurance market, 2018-2030 (US$M)
Related Markets
Australia pet insurance market highlights
- The Australia pet insurance market generated a revenue of USD 1,065.7 million in 2024 and is expected to reach USD 2,751.2 million by 2030.
- The Australia market is expected to grow at a CAGR of 17.5% from 2025 to 2030.
- In terms of segment, accident & illness was the largest revenue generating coverage in 2024.
- Accident & Illness is the most lucrative coverage segment registering the fastest growth during the forecast period.
Pet insurance market data book summary
| Market revenue in 2024 | USD 1,065.7 million |
| Market revenue in 2030 | USD 2,751.2 million |
| Growth rate | 17.5% (CAGR from 2025 to 2030) |
| Largest segment | Accident & illness |
| Fastest growing segment | Accident & Illness |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Accident & Illness, Accident Only, Other Coverage |
Other key industry trends
- In terms of revenue, Australia accounted for 5.8% of the global pet insurance market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China pet insurance market is projected to lead the regional market in terms of revenue in 2030.
- South Korea is the fastest growing regional market in Asia Pacific and is projected to reach USD 380.4 million by 2030.
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Pet Insurance Market Scope
Pet Insurance Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Australia pet insurance market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to pet insurance market will help companies and investors design strategic landscapes.
Accident & illness was the largest segment with a revenue share of 98.6% in 2024. Horizon Databook has segmented the Australia pet insurance market based on accident & illness, accident only, other coverage covering the revenue growth of each sub-segment from 2018 to 2030.
Australia held a substantial share of Asia Pacific pet insurance market. An increase in awareness and high per capita income are the driving forces for the market. According to Pet Circle Insurance, in 2022, thousands of Australian households adopted a pet into their home due to the pandemic, and living expenses were also increasing.
The company provides various insurance products, including insurance for dogs, puppies, kittens, and cats. Trupanion, Petplan Pet Insurance, Bow Wow Meow, Woolworths, and Pet Insurance Australia are some of the local market players.
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Target buyers of Australia pet insurance market databook
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Our clientele includes a mix of pet insurance market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Australia pet insurance market , including forecasts for subscribers. This country databook contains high-level insights into Australia pet insurance market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia pet insurance market size, by coverage, 2018-2030 (US$M)
Australia Pet Insurance Market Outlook Share, 2024 & 2030 (US$M)
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