UK Pet Insurance Market Size & Outlook, 2023-2030
UK pet insurance market, 2018-2030 (US$M)
Related Markets
UK pet insurance market highlights
- The UK pet insurance market generated a revenue of USD 1,810.2 million in 2023 and is expected to reach USD 3,672.8 million by 2030.
- The UK market is expected to grow at a CAGR of 10.6% 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 1,810.2 million |
| Market revenue in 2030 | USD 3,672.8 million |
| Growth rate | 10.6% (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, UK accounted for 15.6% 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.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Pet Insurance Market Scope
Pet Insurance Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
UK 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 81.99% in 2023. Horizon Databook has segmented the UK pet insurance market based on accident & illness, accident only covering the revenue growth of each sub-segment from 2018 to 2030.
Key market participants in the country are driving market growth through initiatives such as collaboration and partnership. For instance, in December 2016, Allianz collaborated with Pets at Home a pet supplies retailer in the UK to expand its retail distribution network. Both companies collaborated to distribute companion animal insurance policies and shared the profit & loss generated.
The new partnership agreement was expected to help Allianz gain access to the existing 40,000 customers of Pets at Home and help them renew their policies. Moreover, the presence of leading market players such as Petplan (Allianz) and Direct Line (U K Insurance Limited) offering insurance products to pet owners further contributes to the industry growth.
Reasons to subscribe to UK pet insurance market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of UK pet insurance market databook
-
Our clientele includes a mix of pet insurance market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
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 UK pet insurance market , including forecasts for subscribers. This country databook contains high-level insights into UK pet insurance market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
UK pet insurance market size, by coverage type, 2018-2030 (US$M)
UK Pet Insurance Market Outlook Share, 2023 & 2030 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
