Italy Pet Insurance Market Size & Outlook, 2023-2030
Italy pet insurance market, 2018-2030 (US$M)
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Italy pet insurance market highlights
- The Italy pet insurance market generated a revenue of USD 335.9 million in 2023 and is expected to reach USD 984.1 million by 2030.
- The Italy market is expected to grow at a CAGR of 16.6% from 2024 to 2030.
- In terms of segment, accident & illness was the largest revenue generating coverage type in 2023.
- Accident & Illness is the most lucrative coverage type segment registering the fastest growth during the forecast period.
Pet insurance market data book summary
| Market revenue in 2023 | USD 335.9 million |
| Market revenue in 2030 | USD 984.1 million |
| Growth rate | 16.6% (CAGR from 2023 to 2030) |
| Largest segment | Accident & illness |
| Fastest growing segment | Accident & Illness |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Accident & Illness, Accident only |
| Key market players worldwide | Trupanion Inc, Allianz SE, Direct Line Insurance Group PLC, MetLife Inc, Deutsche Familienversicherung, Anicom, Animal Friends Insurance, Figo Pet Insurance, Nationwide Mutual Insurance, Embrace Pet Insurance, Ipet Insurance, Pumpkin Insurance Services |
Other key industry trends
- In terms of revenue, Italy accounted for 2.9% of the global pet insurance market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, France pet insurance market is projected to lead the regional market in terms of revenue in 2030.
- Italy is the fastest growing regional market in Europe and is projected to reach USD 984.1 million by 2030.
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Pet Insurance Market Scope
Pet Insurance Market Companies
| Name | Profile | # Employees | HQ | Website |
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Italy 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 86.28% in 2023. Horizon Databook has segmented the Italy pet insurance market based on accident & illness, accident only covering the revenue growth of each sub-segment from 2018 to 2030.
The growing pet population in Italy due to awareness about increasing health benefits, is broadening the scope for market growth. According to an article published by PET FOOD Industry, dog ownership grew the most in Italy and the Netherlands. In 2020, there were 8,300,000 pet dogs in Italy, a 16% rise from the previous year.
With 7,930,000 cats, Italy has Europe's fourth highest pet cat population. Moreover, increasing incidence of obesity in pet dogs is further boosting the market with various opportunities. According to the report commissioned by Hills Pet Food Company, 29% of pet owners in this country stated that their pets were overweight.
Growing concern among pet owners regarding their pet health is encouraging consumers to opt for pet insurance policies. The consumers usually go for standalone policies that include both household insurance and personal liability. The major players include Allianz Pet Care & AXA.
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Our clientele includes a mix of pet insurance market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Italy pet insurance market , including forecasts for subscribers. This country databook contains high-level insights into Italy pet insurance market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy pet insurance market size, by coverage type, 2018-2030 (US$M)
Italy Pet Insurance Market Outlook Share, 2023 & 2030 (US$M)
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