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Middle East and Africa Pet Insurance Market, By Policy Type (Lifetime Cover (Accidental Cover, Illness Cover); Non-lifetime Cover (Accidental Cover, Illness Cover); By Animal Type (Cat, Dog, Horse, Exotic Pets); By End User (Agency, Broker, Bancassurance

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from $3,599 200 Pages BlueWeave Consulting February, 2024 BLWC18632529
Best Price Guarantee
Price from $3,599
Length 200 Pages
Publisher BlueWeave Consulting
Published Date February, 2024
SKU BLWC18632529

Middle East and Africa Pet Insurance Market, By Policy Type (Lifetime Cover (Accidental Cover, Illness Cover); Non-lifetime Cover (Accidental Cover, Illness Cover); By Animal Type (Cat, Dog, Horse, Exotic Pets); By End User (Agency, Broker, Bancassurance, Direct Writing); By Country (Saudi Arabia, UAE, Qatar, Kuwait, South Africa, Nigeria, Algeria, Rest of MEA), Trend Analysis, Competitive Landscape & Forecast, 2019–2030


Middle East and Africa Pet Insurance Market Size Expands at Significant CAGR of 12.11% to Touch USD 0.81 Billion by 2030
Middle East and Africa Pet Insurance Market is expanding rapidly due to rising pet ownership, growing awareness of veterinary care, increased disposable income, and a shift toward preventive healthcare.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Middle East and Africa Pet Insurance Market size at USD 0.4 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the Middle East and Africa Pet Insurance Market size to grow at a CAGR of 12.11% reaching a value of USD 0.81 billion by 2030. The Middle East and Africa Pet Insurance Market is driven by the escalating rate of urbanization in developing nations like South Africa, the increased disposable income of individuals, and a heightened awareness of pet care. The expanding market is further fueled by the rising trend of pet ownership in the region, driven by the growing population of single professionals, empty-nesters, couples delaying parenthood, and families seeking additional guard dogs.
Opportunity – Innovations in veterinary healthcare
Innovations in veterinary medicine, including advanced surgeries, imaging technologies, and specialized treatments, are elevating the standard of pet healthcare. The Middle East and Africa Pet Insurance Market witnesses a surge in adoption as insurance plans empower pet owners to afford these breakthrough treatments, ensuring the well-being of their furry companions without financial concerns.
Impact of COVID-19 on Middle East and Africa Pet Insurance Market
The COVID-19 pandemic significantly impacted the Middle East and Africa Pet Insurance Market, witnessing a surge in demand as pet ownership rises. With increased awareness of pet health, insurance adoption has grown, reflecting a shift in consumer priorities. However, economic uncertainties led to cautious spending, affecting market growth. Insurers are adapting by introducing flexible policies to cater to changing consumer needs, ensuring the market's resilience amidst the pandemic's challenges.
Middle East and Africa Pet Insurance Market
Segmental Coverage
Middle East and Africa Pet Insurance Market – By Policy Type
Based on policy type, Middle East and Africa Pet Insurance Market is divided into Lifetime Cover and Non-lifetime Cover segments. The lifetime cover segment is further subdivided into accidental cover and illness cover. Also, the non-lifetime cover segment is further classified into accidental cover and illness cover. The non-lifetime cover is a higher contributor, with further classifications into accidental cover and illness cover. The segment holds a significant share of the market, emphasizing the region's focus on addressing pet insurance needs without lifelong commitment. The detailed breakdown reflects a nuanced market landscape, with the non-lifetime cover segment, particularly its illness cover component, standing out as the largest and potentially most prevalent choice among pet owners in the Middle East and Africa.
Middle East and Africa Pet Insurance Market – By Animal Type
Based on animal type, Middle East and Africa Pet Insurance Market is divided into Cat, Dog, Horse, and Exotic Pets segments. In the Middle East & Africa, the dogs segment holds the highest share, due to a higher susceptibility to illness among dogs in the region, exacerbated by the unsuitable high temperatures.
Competitive Landscape
Middle East and Africa Pet Insurance Market is fiercely competitive. Major companies in the market include Dubai Pet Insurance (DPi), PetAssure, Etiqa UAE Insurance, King Price Pet Insurance, Old Mutual Petcover, Sanlam PetSure, AXA Gulf, Pethealth Inc., and Embrace Pet Insurance Agency. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in the Middle East and Africa Pet Insurance Market.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Middle East and Africa Pet Insurance Market. It also highlights the factors driving forecasts of total Market size. The report promises to provide recent technology trends in Middle East and Africa Pet Insurance Market and industry insights to help decision-makers make sound strategic decisions. Further, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.


1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Executive Summary
3. Middle East and Africa Pet Insurance Market Insights
3.1. Industry Value Chain Analysis
3.2. DROC Analysis
3.2.1. Growth Drivers
3.2.1.1. Rising pet ownership
3.2.1.2. Emergence of specialized pet care providers
3.2.2. Restrains
3.2.2.1. Limited product offerings
3.2.2.2. High premiums and affordability concerns
3.2.3. Opportunities
3.2.3.1. Targeted awareness campaigns
3.2.3.2. Micro-insurance solutions
3.2.4. Challenges
3.2.4.1. Competition from traditional risk mitigation strategies
3.2.4.2. Fraudulent claims and risk management
3.3. Technological Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter’s Five Forces Analysis
3.5.1. Bargaining Power of Suppliers
3.5.2. Bargaining Power of Buyers
3.5.3. Threat of New Entrants
3.5.4. Threat of Substitutes
3.5.5. Intensity of Rivalry
4. Middle East and Africa Pet Insurance Market Overview
4.1. Market Size & Forecast, 2019–2030
4.1.1. By Value (USD Billion)
4.2. Market Share and Forecast
4.2.1. By Policy Type
4.2.1.1. Lifetime Cover
4.2.1.1.1. Accidental Cover
4.2.1.1.2. Illness Cover
4.2.1.2. Non-lifetime Cover
4.2.1.2.1. Accidental Cover
4.2.1.2.2. Illness Cover
4.2.1.3. Others
4.2.2. By Animal Type
4.2.2.1. Cat
4.2.2.2. Dog
4.2.2.3. Horse
4.2.2.4. Exotic Pets
4.2.2.5. Others
4.2.3. By End User
4.2.3.1. Agency
4.2.3.2. Broker
4.2.3.3. Bancassurance
4.2.3.4. Direct Writing
4.2.4. By Country
4.2.4.1. Saudi Arabia
4.2.4.2. UAE
4.2.4.3. Qatar
4.2.4.4. Kuwait
4.2.4.5. South Africa
4.2.4.6. Nigeria
4.2.4.7. Algeria
4.2.4.8. Rest of MEA
5. Saudi Arabia Pet Insurance Market
5.1. Market Size & Forecast, 2019–2030
5.1.1. By Value (USD Billion)
5.2. Market Share & Forecast
5.2.1. By Policy Type
5.2.2. By Animal Type
5.2.3. By End User
6. UAE Pet Insurance Market
6.1. Market Size & Forecast, 2019–2030
6.1.1. By Value (USD Billion)
6.2. Market Share & Forecast
6.2.1. By Policy Type
6.2.2. By Animal Type
6.2.3. By End User
7. Qatar Pet Insurance Market
7.1. Market Size & Forecast, 2019–2030
7.1.1. By Value (USD Billion)
7.2. Market Share & Forecast
7.2.1. By Policy Type
7.2.2. By Animal Type
7.2.3. By End User
8. Kuwait Pet Insurance Market
8.1. Market Size & Forecast, 2019–2030
8.1.1. By Value (USD Billion)
8.2. Market Share & Forecast
8.2.1. By Policy Type
8.2.2. By Animal Type
8.2.3. By End User
9. South Africa Pet Insurance Market
9.1. Market Size & Forecast, 2019–2030
9.1.1. By Value (USD Billion)
9.2. Market Share & Forecast
9.2.1. By Policy Type
9.2.2. By Animal Type
9.2.3. By End User
10. Nigeria Pet Insurance Market
10.1. Market Size & Forecast, 2019–2030
10.1.1. By Value (USD Billion)
10.2. Market Share & Forecast
10.2.1. By Policy Type
10.2.2. By Animal Type
10.2.3. By End User
11. Algeria Pet Insurance Market
11.1. Market Size & Forecast, 2019–2030
11.1.1. By Value (USD Billion)
11.2. Market Share & Forecast
11.2.1. By Policy Type
11.2.2. By Animal Type
11.2.3. By End User
12. Rest of MEA Pet Insurance Market
12.1. Market Size & Forecast, 2019–2030
12.1.1. By Value (USD Billion)
12.2. Market Share & Forecast
12.2.1. By Policy Type
12.2.2. By Animal Type
12.2.3. By End User
13. Competitive Landscape
13.1. List of Key Players and Their Offerings
13.2. Middle East and Africa Pet Insurance Market Share Analysis, 2023
13.3. Competitive Benchmarking, By Operating Parameters
13.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
14. Impact of Covid-19 on Middle East and Africa Pet Insurance Market
15. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
15.1. Dubai Pet Insurance (DPi)
15.2. PetAssure
15.3. Etiqa UAE Insurance
15.4. King Price Pet Insurance
15.5. Old Mutual Petcover
15.6. Sanlam PetSure
15.7. AXA Gulf
15.8. Pethealth Inc.
15.9. Embrace Pet Insurance Agency
15.10. Other Prominent Players
16. Key Strategic Recommendations
17. Research Methodology
17.1. Qualitative Research
17.1.1. Primary & Secondary Research
17.2. Quantitative Research
17.3. Market Breakdown & Data Triangulation
17.3.1. Secondary Research
17.3.2. Primary Research
17.4. Breakdown of Primary Research Respondents, By Region
17.5. Assumptions & Limitations
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable
List of Figures
Figure 1 Middle East and Africa Pet Insurance Market Segmentation
Figure 2 Middle East and Africa Pet Insurance Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2023
Figure 4 Middle East and Africa Pet Insurance Market Size, By Value (USD Billion), 2019–2030
Figure 5 Middle East and Africa Pet Insurance Market Share, By Policy Type, By Value, 2019–2030
Figure 6 Middle East and Africa Pet Insurance Market Share, By Animal Type, By Value, 2019–2030
Figure 7 Middle East and Africa Pet Insurance Market Share, By End User, By Value, 2019–2030
Figure 8 Middle East and Africa Pet Insurance Market Share, By Country, By Value, 2019–2030
Figure 9 Saudi Arabia Pet Insurance Market Size, By Value (USD Billion), 2019–2030
Figure 10 Saudi Arabia Pet Insurance Market Share, By Policy Type, By Value, 2019–2030
Figure 11 Saudi Arabia Pet Insurance Market Share, By Animal Type, By Value, 2019–2030
Figure 12 Saudi Arabia Pet Insurance Market Share, By End User, By Value, 2019–2030
Figure 13 UAE Pet Insurance Market Size, By Value (USD Billion), 2019–2030
Figure 14 UAE Pet Insurance Market Share, By Policy Type, By Value, 2019–2030
Figure 15 UAE Pet Insurance Market Share, By Animal Type, By Value, 2019–2030
Figure 16 UAE Pet Insurance Market Share, By End User, By Value, 2019–2030
Figure 17 Qatar Pet Insurance Market Size, By Value (USD Billion), 2019–2030
Figure 18 Qatar Pet Insurance Market Share, By Policy Type, By Value, 2019–2030
Figure 19 Qatar Pet Insurance Market Share, By Animal Type, By Value, 2019–2030
Figure 20 Qatar Pet Insurance Market Share, By End User, By Value, 2019–2030
Figure 21 Kuwait Pet Insurance Market Size, By Value (USD Billion), 2019–2030
Figure 22 Kuwait Pet Insurance Market Share, By Policy Type, By Value, 2019–2030
Figure 23 Kuwait Pet Insurance Market Share, By Animal Type, By Value, 2019–2030
Figure 24 Kuwait Pet Insurance Market Share, By End User, By Value, 2019–2030
Figure 25 South Africa Pet Insurance Market Size, By Value (USD Billion), 2019–2030
Figure 26 South Africa Pet Insurance Market Share, By Policy Type, By Value, 2019–2030
Figure 27 South Africa Pet Insurance Market Share, By Animal Type, By Value, 2019–2030
Figure 28 South Africa Pet Insurance Market Share, By End User, By Value, 2019–2030
Figure 29 Nigeria Pet Insurance Market Size, By Value (USD Billion), 2019–2030
Figure 30 Nigeria Pet Insurance Market Share, By Policy Type, By Value, 2019–2030
Figure 31 Nigeria Pet Insurance Market Share, By Animal Type, By Value, 2019–2030
Figure 32 Nigeria Pet Insurance Market Share, By End User, By Value, 2019–2030
Figure 33 Algeria Pet Insurance Market Size, By Value (USD Billion), 2019–2030
Figure 34 Algeria Pet Insurance Market Share, By Policy Type, By Value, 2019–2030
Figure 35 Algeria Pet Insurance Market Share, By Animal Type, By Value, 2019–2030
Figure 36 Algeria Pet Insurance Market Share, By End User, By Value, 2019–2030
Figure 37 Rest of Middle East & Africa Pet Insurance Market Size, By Value (USD Billion), 2019–2030
Figure 38 Rest of Middle East & Africa Pet Insurance Market Share, By Policy Type, By Value, 2019–2030
Figure 39 Rest of Middle East & Africa Pet Insurance Market Share, By Animal Type, By Value, 2019–2030
Figure 40 Rest of Middle East & Africa Pet Insurance Market Share, By End User, By Value, 2019–2030
List of Tables
Table 1 Middle East and Africa Pet Insurance Market Share, By Policy Type, By Value, 2019–2030
Table 2 Middle East and Africa Pet Insurance Market Share, By Animal Type, By Value, 2019–2030
Table 3 Middle East and Africa Pet Insurance Market Share, By End User, By Value, 2019–2030
Table 4 Middle East and Africa Pet Insurance Market Share, By Country, By Value, 2019–2030
Table 5 Saudi Arabia Pet Insurance Market Share, By Policy Type, By Value, 2019–2030
Table 6 Saudi Arabia Pet Insurance Market Share, By Animal Type, By Value, 2019–2030
Table 7 Saudi Arabia Pet Insurance Market Share, By End User, By Value, 2019–2030
Table 8 UAE Pet Insurance Market Share, By Policy Type, By Value, 2019–2030
Table 9 UAE Pet Insurance Market Share, By Animal Type, By Value, 2019–2030
Table 10 UAE Pet Insurance Market Share, By End User, By Value, 2019–2030
Table 11 Qatar Pet Insurance Market Share, By Policy Type, By Value, 2019–2030
Table 12 Qatar Pet Insurance Market Share, By Animal Type, By Value, 2019–2030
Table 13 Qatar Pet Insurance Market Share, By End User, By Value, 2019–2030
Table 14 Kuwait Pet Insurance Market Share, By Policy Type, By Value, 2019–2030
Table 15 Kuwait Pet Insurance Market Share, By Animal Type, By Value, 2019–2030
Table 16 Kuwait Pet Insurance Market Share, By End User, By Value, 2019–2030
Table 17 South Africa Pet Insurance Market Share, By Policy Type, By Value, 2019–2030
Table 18 South Africa Pet Insurance Market Share, By Animal Type, By Value, 2019–2030
Table 19 South Africa Pet Insurance Market Share, By End User, By Value, 2019–2030
Table 20 Nigeria Pet Insurance Market Share, By Policy Type, By Value, 2019–2030
Table 21 Nigeria Pet Insurance Market Share, By Animal Type, By Value, 2019–2030
Table 22 Nigeria Pet Insurance Market Share, By End User, By Value, 2019–2030
Table 23 Algeria Pet Insurance Market Share, By Policy Type, By Value, 2019–2030
Table 24 Algeria Pet Insurance Market Share, By Animal Type, By Value, 2019–2030
Table 25 Algeria Pet Insurance Market Share, By End User, By Value, 2019–2030
Table 26 Rest of Middle East & Africa Pet Insurance Market Share, By Policy Type, By Value, 2019–2030
Table 27 Rest of Middle East & Africa Pet Insurance Market Share, By Animal Type, By Value, 2019–2030
Table 28 Rest of Middle East & Africa Pet Insurance Market Share, By End User, By Value, 2019–2030
Table 29 Dubai Pet Insurance (DPi) Company Overview
Table 30 Dubai Pet Insurance (DPi) Financial Overview
Table 31 PetAssure Company Overview
Table 32 PetAssure Financial Overview
Table 33 Etiqa UAE Insurance Company Overview
Table 34 Etiqa UAE Insurance Financial Overview
Table 35 King Price Pet Insurance Company Overview
Table 36 King Price Pet Insurance Financial Overview
Table 37 Old Mutual Petcover Company Overview
Table 38 Old Mutual Petcover Financial Overview
Table 39 Sanlam PetSure Company Overview
Table 40 Sanlam PetSure Financial Overview
Table 41 AXA Gulf Company Overview
Table 42 AXA Gulf Financial Overview
Table 43 Pethealth Inc. Company Overview
Table 44 Pethealth Inc. Financial Overview
Table 45 Embrace Pet Insurance Agency Company Overview
Table 46 Embrace Pet Insurance Agency Financial Overview
Table 47 Other Prominent Players Company Overview
Table 48 Other Prominent Players Financial Overview

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