Global Pet Insurance Market Size & Outlook, 2025-2033
Global pet insurance market, 2021-2033 (US$M)
Related Markets
Global pet insurance market highlights
- The global pet insurance market generated a revenue of USD 18,471.7 million in 2024 and is expected to reach USD 79,005.5 million by 2033.
- The market is expected to grow at a CAGR (2025 - 2033) of 17.6% by 2033.
- In terms of segment, accident only accounted for a revenue of USD 12,627.5 million in 2024.
- Accident & Illness is the most lucrative coverage segment registering the fastest growth during the forecast period.
- In terms of region, Europe was the largest revenue generating market in 2024.
- Country-wise, South Korea is expected to register the highest CAGR from 2025 to 2033.
Global data book summary
| Market revenue in 2024 | USD 18,471.7 million |
| Market revenue in 2033 | USD 79,005.5 million |
| Growth rate | 17.6% (CAGR from 2025 to 2033) |
| Largest segment | Accident only |
| Fastest growing segment | Accident & Illness |
| Historical data covered | 2021 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Accident & Illness, Accident Only, Other Coverage |
Other key industry trends
- In terms of revenue, the North America accounted for 32.4% of the global pet insurance market in 2024.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2033.
- By country, South Korea is the fastest growing regional market and is projected to reach USD 767.3 million by 2033.
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Pet Insurance Market Scope
Pet Insurance Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Napo | View profile | 51-100 | London, England, United Kingdom, Europe | https://www.napo.pet/ |
| Waggel | View profile | 1-10 | London, England, United Kingdom, Europe | https://www.waggel.co.uk |
| Getsafe | View profile | 251-500 | Heidelberg, Baden-Wurttemberg, Germany, Europe | http://www.hellogetsafe.com |
| Lassie | View profile | 11-50 | Stockholm, Stockholms Lan, Sweden, Europe | https://www.lassie.co/ |
| Petplan Pet Insurance (North America) | View profile | 251-500 | Newtown Square, Pennsylvania, United States, North America | http://gopetplan.com |
| Fressnapf | View profile | 10001+ | Krefeld, Nordrhein-Westfalen, Germany, Europe | https://www.fressnapf.com/ |
| Sainsbury's Bank | View profile | 1001-5000 | Edinburgh, Edinburgh, City of, United Kingdom, Europe | http://www.sainsburysbank.co.uk |
| Feather Insurance | View profile | 11-50 | Berlin, Berlin, Germany, Europe | https://feather-insurance.com |
| EQT Group | View profile | 1001-5000 | Stockholm, Stockholms Lan, Sweden, Europe | https://eqtgroup.com/ |
| Alipay | View profile | 501-1000 | Hangzhou, Zhejiang, China, Asia | https://global.alipay.com |
| Nationwide Mutual Insurance | View profile | 10001+ | Columbus, Ohio, United States, North America | http://nationwide.com |
| Anicom | View profile | 101-250 | Tokyo, Tokyo, Japan, Asia | https://www.anicom.co.jp/ |
| Deutsche Familienversicherung | View profile | 101-250 | Frankfurt, Hessen, Germany, Europe | https://www.deutsche-familienversicherung.de |
| JAB Holding Company | View profile | 51-100 | Luxembourg, Luxembourg, Luxembourg, Europe | http://www.jabholco.com/ |
| MetLife Inc | View profile | 45000 | 200 Park Avenue, New York, NY, United States, 10166-0188 | https://www.metlife.com |
| Direct Line Insurance Group PLC | View profile | 10131 | Westmoreland Road, Churchill Court, Bromley, Kent, United Kingdom, BR1 1DP | https://www.directlinegroup.co.uk |
| HDFC ERGO Health Insurance | View profile | 1001-5000 | Gurgaon, Haryana, India, Asia | https://www.apollomunichinsurance.com/ |
| Tesco PLC | View profile | 336712 | Kestrel Way, Tesco House, Shire Park, Welwyn Garden, United Kingdom, AL7 1GA | https://www.tescoplc.com |
Global 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 only was the largest segment with a revenue share of 68.36% in 2024. Horizon Databook has segmented the Global pet insurance market based on accident & illness, accident only, other coverage covering the revenue growth of each sub-segment from 2021 to 2033.
- Global Pet Insurance Coverage Outlook (Revenue, USD Million, 2021-2033)
- Accident & Illness
- Accident Only
- Other Coverage
- Global Pet Insurance Animal Outlook (Revenue, USD Million, 2021-2033)
- Dogs
- Cats
- Other Animals
- Global Pet Insurance Sales Channel Outlook (Revenue, USD Million, 2021-2033)
- Agency
- Broker
- Direct
- Bancassurance
- Other Sales Channels
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Our clientele includes a mix of pet insurance market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global pet insurance market , including forecasts for subscribers. This global databook contains high-level insights into Global pet insurance market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
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Global pet insurance market size, by regions, 2021-2033 (US$M)
Top 10 countries: Pet insurance market size, 2024 (US$M)
Global pet insurance market share, by coverage, 2024 & 2033 (%, US$M)
Pet insurance market: Opportunity assessment by country
Global pet insurance market, by region, 2024 (US$M)
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