What is the Size of Burial Insurance Market?
The burial insurance market size is forecast to increase by USD 72 billion and is estimated to grow at a CAGR of 5.5% between 2024 and 2029. The market is experiencing significant growth due to several key factors. The geriatric population is expanding, leading to a rise in demand for burial insurance. Additionally, there is an increasing focus on digitalization in the insurance industry, making it more convenient for consumers to purchase policies online. However, the market is also facing challenges such as misleading advertisements that may misrepresent the true cost and coverage of burial insurance policies. As the population ages and consumers seek out more efficient ways to plan for end-of-life expenses, the market is poised for continued growth. Digitalization is playing a crucial role in making these policies more accessible, but it is essential for insurers to maintain transparency and accuracy in their advertising to build trust and credibility with consumers.

Request Free Market Sample
1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market by Geography
- Executive Summary - Chart on Market Segmentation by Age Group
- Executive Summary - Chart on Market Segmentation by Product Type
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
- 2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- 2.2 Criticality of inputs and Factors of differentiation
- Overview on criticality of inputs and factors of differentiation
- 2.3 Factors of disruption
- Overview on factors of disruption
- 2.4 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
3 Market Landscape
- 3.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
- 3.2 Market characteristics
- Market characteristics analysis
4 Market Sizing
- 4.1 Market definition
- Offerings of companies included in the market definition
- 4.2 Market segment analysis
- 4.4 Market outlook: Forecast for 2024-2029
- Chart on Global - Market size and forecast 2024-2029 ($ billion)
- Data Table on Global - Market size and forecast 2024-2029 ($ billion)
- Chart on Global Market: Year-over-year growth 2024-2029 (%)
- Data Table on Global Market: Year-over-year growth 2024-2029 (%)
5 Historic Market Size
- 5.1 Global Burial Insurance Market 2019 - 2023
- Historic Market Size - Data Table on Global Burial Insurance Market 2019 - 2023 ($ billion)
- 5.2 Age Group segment analysis 2019 - 2023
- Historic Market Size - Age Group Segment 2019 - 2023 ($ billion)
- 5.3 Product Type segment analysis 2019 - 2023
- Historic Market Size - Product Type Segment 2019 - 2023 ($ billion)
- 5.4 Geography segment analysis 2019 - 2023
- Historic Market Size - Geography Segment 2019 - 2023 ($ billion)
- 5.5 Country segment analysis 2019 - 2023
- Historic Market Size - Country Segment 2019 - 2023 ($ billion)
6 Qualitative Analysis
- 6.1 Impact of AI in the Global Burial Insurance Market
7 Five Forces Analysis
- 7.1 Five forces summary
- Five forces analysis - Comparison between 2024 and 2029
- 7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2024 and 2029
- 7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2024 and 2029
- 7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2024 and 2029
- 7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2024 and 2029
- 7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2024 and 2029
- 7.7 Market condition
- Chart on Market condition - Five forces 2024 and 2029
8 Market Segmentation by Age Group
- 8.1 Market segments
- Chart on Age Group - Market share 2024-2029 (%)
- Data Table on Age Group - Market share 2024-2029 (%)
- 8.2 Comparison by Age Group
- Chart on Comparison by Age Group
- Data Table on Comparison by Age Group
- 8.3 Seniors - Market size and forecast 2024-2029
- Chart on Seniors - Market size and forecast 2024-2029 ($ billion)
- Data Table on Seniors - Market size and forecast 2024-2029 ($ billion)
- Chart on Seniors - Year-over-year growth 2024-2029 (%)
- Data Table on Seniors - Year-over-year growth 2024-2029 (%)
- 8.4 Pre-retirement individuals - Market size and forecast 2024-2029
- Chart on Pre-retirement individuals - Market size and forecast 2024-2029 ($ billion)
- Data Table on Pre-retirement individuals - Market size and forecast 2024-2029 ($ billion)
- Chart on Pre-retirement individuals - Year-over-year growth 2024-2029 (%)
- Data Table on Pre-retirement individuals - Year-over-year growth 2024-2029 (%)
- 8.5 High-risk individuals - Market size and forecast 2024-2029
- Chart on High-risk individuals - Market size and forecast 2024-2029 ($ billion)
- Data Table on High-risk individuals - Market size and forecast 2024-2029 ($ billion)
- Chart on High-risk individuals - Year-over-year growth 2024-2029 (%)
- Data Table on High-risk individuals - Year-over-year growth 2024-2029 (%)
- 8.6 Market opportunity by Age Group
- Market opportunity by Age Group ($ billion)
- Data Table on Market opportunity by Age Group ($ billion)
9 Market Segmentation by Product Type
- 9.1 Market segments
- Chart on Product Type - Market share 2024-2029 (%)
- Data Table on Product Type - Market share 2024-2029 (%)
- 9.2 Comparison by Product Type
- Chart on Comparison by Product Type
- Data Table on Comparison by Product Type
- 9.3 Final expense life insurance - Market size and forecast 2024-2029
- Chart on Final expense life insurance - Market size and forecast 2024-2029 ($ billion)
- Data Table on Final expense life insurance - Market size and forecast 2024-2029 ($ billion)
- Chart on Final expense life insurance - Year-over-year growth 2024-2029 (%)
- Data Table on Final expense life insurance - Year-over-year growth 2024-2029 (%)
- 9.4 Pre-need burial insurance - Market size and forecast 2024-2029
- Chart on Pre-need burial insurance - Market size and forecast 2024-2029 ($ billion)
- Data Table on Pre-need burial insurance - Market size and forecast 2024-2029 ($ billion)
- Chart on Pre-need burial insurance - Year-over-year growth 2024-2029 (%)
- Data Table on Pre-need burial insurance - Year-over-year growth 2024-2029 (%)
- 9.5 Whole life burial insurance - Market size and forecast 2024-2029
- Chart on Whole life burial insurance - Market size and forecast 2024-2029 ($ billion)
- Data Table on Whole life burial insurance - Market size and forecast 2024-2029 ($ billion)
- Chart on Whole life burial insurance - Year-over-year growth 2024-2029 (%)
- Data Table on Whole life burial insurance - Year-over-year growth 2024-2029 (%)
- 9.6 Guaranteed issue burial insurance - Market size and forecast 2024-2029
- Chart on Guaranteed issue burial insurance - Market size and forecast 2024-2029 ($ billion)
- Data Table on Guaranteed issue burial insurance - Market size and forecast 2024-2029 ($ billion)
- Chart on Guaranteed issue burial insurance - Year-over-year growth 2024-2029 (%)
- Data Table on Guaranteed issue burial insurance - Year-over-year growth 2024-2029 (%)
- 9.7 Term burial insurance - Market size and forecast 2024-2029
- Chart on Term burial insurance - Market size and forecast 2024-2029 ($ billion)
- Data Table on Term burial insurance - Market size and forecast 2024-2029 ($ billion)
- Chart on Term burial insurance - Year-over-year growth 2024-2029 (%)
- Data Table on Term burial insurance - Year-over-year growth 2024-2029 (%)
- 9.8 Market opportunity by Product Type
- Market opportunity by Product Type ($ billion)
- Data Table on Market opportunity by Product Type ($ billion)
10 Customer Landscape
- 10.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
11 Geographic Landscape
- 11.1 Geographic segmentation
- Chart on Market share by geography 2024-2029 (%)
- Data Table on Market share by geography 2024-2029 (%)
- 11.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
- 11.3 North America - Market size and forecast 2024-2029
- Chart on North America - Market size and forecast 2024-2029 ($ billion)
- Data Table on North America - Market size and forecast 2024-2029 ($ billion)
- Chart on North America - Year-over-year growth 2024-2029 (%)
- Data Table on North America - Year-over-year growth 2024-2029 (%)
- 11.4 Europe - Market size and forecast 2024-2029
- Chart on Europe - Market size and forecast 2024-2029 ($ billion)
- Data Table on Europe - Market size and forecast 2024-2029 ($ billion)
- Chart on Europe - Year-over-year growth 2024-2029 (%)
- Data Table on Europe - Year-over-year growth 2024-2029 (%)
- 11.5 APAC - Market size and forecast 2024-2029
- Chart on APAC - Market size and forecast 2024-2029 ($ billion)
- Data Table on APAC - Market size and forecast 2024-2029 ($ billion)
- Chart on APAC - Year-over-year growth 2024-2029 (%)
- Data Table on APAC - Year-over-year growth 2024-2029 (%)
- 11.6 South America - Market size and forecast 2024-2029
- Chart on South America - Market size and forecast 2024-2029 ($ billion)
- Data Table on South America - Market size and forecast 2024-2029 ($ billion)
- Chart on South America - Year-over-year growth 2024-2029 (%)
- Data Table on South America - Year-over-year growth 2024-2029 (%)
- 11.7 Middle East and Africa - Market size and forecast 2024-2029
- Chart on Middle East and Africa - Market size and forecast 2024-2029 ($ billion)
- Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ billion)
- Chart on Middle East and Africa - Year-over-year growth 2024-2029 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)
- 11.8 US - Market size and forecast 2024-2029
- Chart on US - Market size and forecast 2024-2029 ($ billion)
- Data Table on US - Market size and forecast 2024-2029 ($ billion)
- Chart on US - Year-over-year growth 2024-2029 (%)
- Data Table on US - Year-over-year growth 2024-2029 (%)
- 11.9 Canada - Market size and forecast 2024-2029
- Chart on Canada - Market size and forecast 2024-2029 ($ billion)
- Data Table on Canada - Market size and forecast 2024-2029 ($ billion)
- Chart on Canada - Year-over-year growth 2024-2029 (%)
- Data Table on Canada - Year-over-year growth 2024-2029 (%)
- 11.10 UK - Market size and forecast 2024-2029
- Chart on UK - Market size and forecast 2024-2029 ($ billion)
- Data Table on UK - Market size and forecast 2024-2029 ($ billion)
- Chart on UK - Year-over-year growth 2024-2029 (%)
- Data Table on UK - Year-over-year growth 2024-2029 (%)
- 11.11 Germany - Market size and forecast 2024-2029
- Chart on Germany - Market size and forecast 2024-2029 ($ billion)
- Data Table on Germany - Market size and forecast 2024-2029 ($ billion)
- Chart on Germany - Year-over-year growth 2024-2029 (%)
- Data Table on Germany - Year-over-year growth 2024-2029 (%)
- 11.12 Brazil - Market size and forecast 2024-2029
- Chart on Brazil - Market size and forecast 2024-2029 ($ billion)
- Data Table on Brazil - Market size and forecast 2024-2029 ($ billion)
- Chart on Brazil - Year-over-year growth 2024-2029 (%)
- Data Table on Brazil - Year-over-year growth 2024-2029 (%)
- 11.13 Japan - Market size and forecast 2024-2029
- Chart on Japan - Market size and forecast 2024-2029 ($ billion)
- Data Table on Japan - Market size and forecast 2024-2029 ($ billion)
- Chart on Japan - Year-over-year growth 2024-2029 (%)
- Data Table on Japan - Year-over-year growth 2024-2029 (%)
- 11.14 France - Market size and forecast 2024-2029
- Chart on France - Market size and forecast 2024-2029 ($ billion)
- Data Table on France - Market size and forecast 2024-2029 ($ billion)
- Chart on France - Year-over-year growth 2024-2029 (%)
- Data Table on France - Year-over-year growth 2024-2029 (%)
- 11.15 Italy - Market size and forecast 2024-2029
- Chart on Italy - Market size and forecast 2024-2029 ($ billion)
- Data Table on Italy - Market size and forecast 2024-2029 ($ billion)
- Chart on Italy - Year-over-year growth 2024-2029 (%)
- Data Table on Italy - Year-over-year growth 2024-2029 (%)
- 11.16 The Netherlands - Market size and forecast 2024-2029
- Chart on The Netherlands - Market size and forecast 2024-2029 ($ billion)
- Data Table on The Netherlands - Market size and forecast 2024-2029 ($ billion)
- Chart on The Netherlands - Year-over-year growth 2024-2029 (%)
- Data Table on The Netherlands - Year-over-year growth 2024-2029 (%)
- 11.17 South Korea - Market size and forecast 2024-2029
- Chart on South Korea - Market size and forecast 2024-2029 ($ billion)
- Data Table on South Korea - Market size and forecast 2024-2029 ($ billion)
- Chart on South Korea - Year-over-year growth 2024-2029 (%)
- Data Table on South Korea - Year-over-year growth 2024-2029 (%)
- 11.18 Market opportunity by geography
- Market opportunity by geography ($ billion)
- Data Tables on Market opportunity by geography ($ billion)
12 Drivers, Challenges, and Opportunity/Restraints
- 12.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
- 12.4 Market opportunities/restraints
13 Competitive Landscape
- 13.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 13.3 Landscape disruption
- Overview on factors of disruption
- 13.4 Industry risks
- Impact of key risks on business
14 Competitive Analysis
- 14.2 Company ranking index
- 14.3 Market positioning of companies
- Matrix on companies position and classification
- 14.4 AFLAC Inc.
- AFLAC Inc. - Overview
- AFLAC Inc. - Business segments
- AFLAC Inc. - Key offerings
- AFLAC Inc. - Segment focus
- SWOT
- 14.5 American International Group Inc.
- American International Group Inc. - Overview
- American International Group Inc. - Business segments
- American International Group Inc. - Key news
- American International Group Inc. - Key offerings
- American International Group Inc. - Segment focus
- SWOT
- 14.6 An Post Insurance
- An Post Insurance - Overview
- An Post Insurance - Product / Service
- An Post Insurance - Key offerings
- SWOT
- 14.7 Banco Bilbao Vizcaya Argentaria SA
- Banco Bilbao Vizcaya Argentaria SA - Overview
- Banco Bilbao Vizcaya Argentaria SA - Business segments
- Banco Bilbao Vizcaya Argentaria SA - Key offerings
- Banco Bilbao Vizcaya Argentaria SA - Segment focus
- SWOT
- 14.8 Fidelity Life Association
- Fidelity Life Association - Overview
- Fidelity Life Association - Product / Service
- Fidelity Life Association - Key offerings
- SWOT
- 14.9 Gerber Life Insurance Co
- Gerber Life Insurance Co - Overview
- Gerber Life Insurance Co - Product / Service
- Gerber Life Insurance Co - Key offerings
- SWOT
- 14.10 Global Atlantic Financial Group Ltd.
- Global Atlantic Financial Group Ltd. - Overview
- Global Atlantic Financial Group Ltd. - Product / Service
- Global Atlantic Financial Group Ltd. - Key offerings
- SWOT
- 14.11 Golden Leaves International Ltd
- Golden Leaves International Ltd - Overview
- Golden Leaves International Ltd - Product / Service
- Golden Leaves International Ltd - Key offerings
- SWOT
- 14.12 Homesteaders Life Co
- Homesteaders Life Co - Overview
- Homesteaders Life Co - Product / Service
- Homesteaders Life Co - Key offerings
- SWOT
- 14.13 Mutual of Omaha Insurance Co
- Mutual of Omaha Insurance Co - Overview
- Mutual of Omaha Insurance Co - Product / Service
- Mutual of Omaha Insurance Co - Key offerings
- SWOT
- 14.14 SENIOR LIFE INSURANCE CO
- SENIOR LIFE INSURANCE CO - Overview
- SENIOR LIFE INSURANCE CO - Product / Service
- SENIOR LIFE INSURANCE CO - Key offerings
- SWOT
- 14.15 State Farm Mutual Automobile Insurance Co.
- State Farm Mutual Automobile Insurance Co. - Overview
- State Farm Mutual Automobile Insurance Co. - Product / Service
- State Farm Mutual Automobile Insurance Co. - Key offerings
- SWOT
- 14.16 The Baltimore Life Insurance Co
- The Baltimore Life Insurance Co - Overview
- The Baltimore Life Insurance Co - Product / Service
- The Baltimore Life Insurance Co - Key offerings
- SWOT
- 14.17 Transamerica Life Insurance Co
- Transamerica Life Insurance Co - Overview
- Transamerica Life Insurance Co - Product / Service
- Transamerica Life Insurance Co - Key offerings
- SWOT
- 14.18 United Heritage Life Insurance co
- United Heritage Life Insurance co - Overview
- United Heritage Life Insurance co - Product / Service
- United Heritage Life Insurance co - Key offerings
- SWOT
15 Appendix
- 15.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 15.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 15.4 Research methodology
- 15.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 15.9 360 degree market analysis
- 360 degree market analysis
- 15.10 List of abbreviations
- List of abbreviations
- o Strong financial performance
- o Growth of the market
- o Strong financial performance
- o Stable market performance
- o Scope for greater market penetration
- o Strong market position
- o Enhancement of alliances and partnerships
- o Stable market performance
- o Stable market performance
- o Strong operational management
- o Expansion of service business
- o Strong operational management
- o Growth of the market
- o Stable market performance
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases

DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts

REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape