Middle East & Africa Pet Insurance Market Size & Outlook
Middle East & Africa pet insurance market, 2018-2030 (US$M)
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MEA pet insurance market highlights
- The MEA pet insurance market generated a revenue of USD 417.1 million in 2024.
- The market is expected to grow at a CAGR of 12.1% 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.
- Country-wise, Kuwait is expected to register the highest CAGR from 2025 to 2030.
MEA data book summary
| Market revenue in 2024 | USD 417.1 million |
| Market revenue in 2030 | USD 621.1 million |
| Growth rate | 12.1% (CAGR from 2025 to 2030) |
| Largest segment | Accident & illness |
| Fastest growing segment | Accident & Illness |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Accident & Illness, Accident Only, Other Coverage |
Other key industry trends
- In terms of revenue, MEA region accounted for 2.3% of the global pet insurance market in 2024.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 18,692.6 million by 2030.
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Pet Insurance Market Scope
Pet Insurance Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa 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 71.9% in 2024. Horizon Databook has segmented the Middle East & Africa pet insurance market based on accident & illness, accident only, other coverage covering the revenue growth of each sub-segment from 2018 to 2030.
MEA pet insurance market is anticipated to grow over the forecast period because of rising awareness regarding animal health in developing countries such as Saudi Arabia and the South Africa. The disposable income in the region is high, which indicates higher spending capacity on animal healthcare.
Rising need for pet insurance products and services, increasing ownership of companion animals further propels the market growth in the region. The region has huge growth opportunities for cat insurance providers due to presence of large cat population.
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Target buyers of Middle East & Africa 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 continent-level data and insights on the Middle East & Africa pet insurance market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa pet insurance market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
MEA pet insurance market size, by country, 2018-2030 (US$M)
Middle East & Africa Pet Insurance Market Outlook Share, 2024 & 2030 (US$M)
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