Asia Pacific Pet Insurance Market Size & Outlook, 2025-2033
Global Market
Related Markets
Asia Pacific pet insurance market highlights
- The Asia Pacific pet insurance market generated a revenue of USD 3,691.0 million in 2024.
- The market is expected to grow at a CAGR of 19.1% from 2025 to 2033.
- In terms of segment, accident only was the largest revenue generating coverage in 2024.
- Accident & Illness is the most lucrative coverage segment registering the fastest growth during the forecast period.
- Country-wise, South Korea is expected to register the highest CAGR from 2025 to 2033.
Asia Pacific data book summary
| Market revenue in 2024 | USD 3,691.0 million |
| Market revenue in 2033 | USD 17,779.8 million |
| Growth rate | 19.1% (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 |
| Key market players worldwide | Deutsche Familienversicherung, JAB Holding Company, Direct Line Insurance Group PLC, Tesco PLC, Sainsbury's Bank, Fressnapf, EQT Group, HDFC ERGO Health Insurance, Alipay, Nationwide Mutual Insurance, Anicom, Petplan Pet Insurance (North America), Lassie, Getsafe, Waggel, Feather Insurance, Napo, MetLife Inc |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 20.0% of the global pet insurance market in 2024.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2033.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 17,779.8 million by 2033.
Asia Pacific is anticipated to grow at a lucrative rate over the forecast period due to Asia Pacific is estimated to grow at the fastest CAGR of over 19% from 2024 to 2030. This is because of the emergent trend of pet adoption and the development of the economy in this region.
Furthermore, an increase in awareness regarding veterinary health and improving veterinary healthcare infrastructure are other factors driving market growth.
Moreover, increasing per capita income and rising animal health expenditure, increase in awareness about veterinary health, and rise in companion animal population are other factors boosting the market growth.
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Publish Date: Sep 17, 2025
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Pet Insurance Market Scope
Pet Insurance Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Tesco PLC | View profile | 336,712 | Kestrel Way, Tesco House, Shire Park, Welwyn Garden, United Kingdom, AL7 1GA | www.tescoplc.com |
| HDFC ERGO Health Insurance | View profile | 1001-5000 | Gurgaon, Haryana, India, Asia | www.apollomunichinsurance.com/ |
| Direct Line Insurance Group PLC | View profile | 10,131 | Westmoreland Road, Churchill Court, Bromley, Kent, United Kingdom, BR1 1DP | www.directlinegroup.co.uk |
| MetLife Inc | View profile | 45,000 | 200 Park Avenue, New York, NY, United States, 10166-0188 | www.metlife.com |
| JAB Holding Company | View profile | 51-100 | Luxembourg, Luxembourg, Luxembourg, Europe | www.jabholco.com/ |
| Deutsche Familienversicherung | View profile | 101-250 | Frankfurt, Hessen, Germany, Europe | www.deutsche-familienversicherung.de |
| Anicom | View profile | 101-250 | Tokyo, Tokyo, Japan, Asia | www.anicom.co.jp/ |
| Nationwide Mutual Insurance | View profile | 10001+ | Columbus, Ohio, United States, North America | nationwide.com |
| Alipay | View profile | 501-1000 | Hangzhou, Zhejiang, China, Asia | global.alipay.com |
| EQT Group | View profile | 1001-5000 | Stockholm, Stockholms Lan, Sweden, Europe | eqtgroup.com/ |
Asia Pacific 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 Outlook will help companies and investors design strategic landscapes.
Accident Only was the largest segment with a revenue share of 102.17% in 2024.
Horizon Databook has segmented the Asia Pacific pet insurance market based on accident & illness, accident only, other coverage covering the revenue growth of each sub-segment from 2021 to 2033.
Asia Pacific is anticipated to grow at a lucrative rate over the forecast period due to Asia Pacific is estimated to grow at the fastest CAGR of over 19% from 2024 to 2030. This is because of the emergent trend of pet adoption and the development of the economy in this region.
Furthermore, an increase in awareness regarding veterinary health and improving veterinary healthcare infrastructure are other factors driving market growth.
Moreover, increasing per capita income and rising animal health expenditure, increase in awareness about veterinary health, and rise in companion animal population are other factors boosting the market growth.
- Asia Pacific Pet Insurance Market Coverage Outlook (Revenue, USD Million , 2021-2033)
- Accident & Illness
- Accident Only
- Other Coverage
- Asia Pacific Pet Insurance Market Animal Outlook (Revenue, USD Million , 2021-2033)
- Dogs
- Cats
- Other Animals
- Asia Pacific Pet Insurance Market Sales Channel Outlook (Revenue, USD Million , 2021-2033)
- Agency
- Broker
- Direct
- Bancassurance
- Other Sales Channels
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Target buyers of Pet Insurance Market Outlook databook
- Our clientele includes a mix of Pet Insurance Market Outlook companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific Pet Insurance Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific Pet Insurance Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Asia Pacific Pet Insurance Market, 2021-2033 (US$M)
Asia Pacific pet insurance market statistics, by coverage, 2021-2033 (US$M)
