Germany Pet Insurance Market Segment Analysis On The Basis Of Coverage Type, Animal Type, Sales Channel And Forecast
San Francisco, 15 May 2024: The Report Germany Pet Insurance Market Size, Share & Trends Analysis Report By Coverage Type (Accident & Illness, Accident Only), By Animal Type, By Sales Channel, And Segment Forecasts, 2024 - 2030 The Germany pet insurance market size is expected to reach USD 2.05 billion by 2030, registering a CAGR of 16.40% over the forecast period, according to a new report by Grand View Research, Inc. The key factors driving the growth include increasing pet ownership rates, rising awareness about benefits of pet insurance, and growing costs of veterinary care. According to the European Pet Food Industry Federation (FEDIAF) pet population in Germany in 2022 was reported to be 34.4 million, consisting of 15.2 million cats, 10.6 million dogs, 4.9 million small animals, and an unspecified number of ornamental birds. As the number of pets in households increases, so does the demand for pet insurance to cover veterinary expenses. Variety of policies available