Canada Pet Insurance Market Size & Outlook, 2025-2033
Global Market
Related Markets
Canada pet insurance market highlights
- The Canada pet insurance market generated a revenue of USD 453.2 million in 2024 and is expected to reach USD 1,526.4 million by 2033.
- The Canada market is expected to grow at a CAGR of 14.4% from 2025 to 2033.
- In terms of segment, accident & illness was the largest revenue generating coverage in 2024.
- Accident & Illness is the most lucrative coverage segment registering the fastest growth during the forecast period.
Pet insurance market data book summary
| Market revenue in 2024 | USD 453.2 million |
| Market revenue in 2033 | USD 1,526.4 million |
| Growth rate | 14.4% (CAGR from 2025 to 2033) |
| Largest segment | Accident & illness |
| Fastest growing segment | Accident & Illness |
| Historical data | 2021 - 2023 |
| Base year | 2024 |
| Forecast period | 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, Canada accounted for 2.5% of the global pet insurance market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2033.
- In North America, U.S. pet insurance market is projected to lead the regional market in terms of revenue in 2033.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 25,214.6 million by 2033.
High per capita income and rise in companion animal population are some of the key factors driving the pet insurance market in the country. Canada has higher number of cats than dogs.
According to the North American Pet Health Insurance Association, Inc., the total insured pet market in Canada grew by 17.6%, less than the previous year’s growth. Insured pets have grown at an average yearly rate of 17.1% since 2018.
Compared to the U.S. market, cats account for a higher proportion of insured pets (23.1%), while dogs comprise 76.9% of the total. The key contributors of the market are Petplan Pet Insurance, Trupanion, Nationwide Pet Insurance, Petline Insurance Company, Allstate Insurance Company, RSA Group, and Direct Line Group.
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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/ |
Canada 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 & Illness was the largest segment with a revenue share of 100.22% in 2024.
Horizon Databook has segmented the Canada pet insurance market based on accident & illness, accident only, other coverage covering the revenue growth of each sub-segment from 2021 to 2033.
High per capita income and rise in companion animal population are some of the key factors driving the pet insurance market in the country. Canada has higher number of cats than dogs.
According to the North American Pet Health Insurance Association, Inc., the total insured pet market in Canada grew by 17.6%, less than the previous year’s growth. Insured pets have grown at an average yearly rate of 17.1% since 2018.
Compared to the U.S. market, cats account for a higher proportion of insured pets (23.1%), while dogs comprise 76.9% of the total. The key contributors of the market are Petplan Pet Insurance, Trupanion, Nationwide Pet Insurance, Petline Insurance Company, Allstate Insurance Company, RSA Group, and Direct Line Group.
- Canada Pet Insurance Market Coverage Outlook (Revenue, USD Million , 2021-2033)
- Accident & Illness
- Accident Only
- Other Coverage
- Canada Pet Insurance Market Animal Outlook (Revenue, USD Million , 2021-2033)
- Dogs
- Cats
- Other Animals
- Canada Pet Insurance Market Sales Channel Outlook (Revenue, USD Million , 2021-2033)
- Agency
- Broker
- Direct
- Bancassurance
- Other Sales Channels
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada Pet Insurance Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Canada Pet Insurance Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Canada Pet Insurance Market, 2021-2033 (US$M)
Canada pet insurance market statistics, by coverage, 2021-2033 (US$M)
