Pet insurance market will be worth nearly $38.8 billion by 2030

Pet Insurance - Billions by 2030

The market had experienced a growth rate of 14 percent per year between 2016 through 2021. The global pet insurance market is expected to reach a rate of growth that will bring its value to $38.8 billion by the close of 2030, according to a recent Future Market Insights (FMI) study. The market will demonstrate a consistent rise at a compound annual growth rate of 11 percent. According to the report, the compound annual growth rate (CAGR) of 11 percent from 2022 through 2030. The report also indicated that the…

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