China Pet Insurance Market Size & Outlook, 2025-2033
Global Market
Related Markets
China pet insurance market highlights
- The China pet insurance market generated a revenue of USD 1,370.7 million in 2024 and is expected to reach USD 6,689.7 million by 2033.
- The China market is expected to grow at a CAGR of 19.3% 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.
Pet insurance market data book summary
| Market revenue in 2024 | USD 1,370.7 million |
| Market revenue in 2033 | USD 6,689.7 million |
| Growth rate | 19.3% (CAGR from 2025 to 2033) |
| Largest segment | Accident only |
| 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, China accounted for 7.4% 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 Asia Pacific, China pet insurance market is projected to lead the regional market in terms of revenue in 2033.
- South Korea is the fastest growing regional market in Asia Pacific and is projected to reach USD 767.3 million by 2033.
China has high untapped opportunities and growth potential for pet insurance. Increase in per capita income and rise in pet households are factors boosting the market growth. Furthermore, high veterinary care costs along with increase in awareness about veterinary health is anticipated to drive the market.
In China, there are 93.6 million dogs and 86.9 million cats, and the pet population is expected to grow over the forecast period. Both foreign and local players operate in the country. The Chinese market is also witnessing a rise in the number of startups offering pet insurance.
For instance, OneDegree is a Hong-Kong-based pet insurance startup that received USD 25 million from Hong Kong's Insurance Authority. The company plans to use this investment to market and stabilize insurance reserve.
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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/ |
China 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 102.55% in 2024.
Horizon Databook has segmented the China pet insurance market based on accident & illness, accident only, other coverage covering the revenue growth of each sub-segment from 2021 to 2033.
China has high untapped opportunities and growth potential for pet insurance. Increase in per capita income and rise in pet households are factors boosting the market growth. Furthermore, high veterinary care costs along with increase in awareness about veterinary health is anticipated to drive the market.
In China, there are 93.6 million dogs and 86.9 million cats, and the pet population is expected to grow over the forecast period. Both foreign and local players operate in the country. The Chinese market is also witnessing a rise in the number of startups offering pet insurance.
For instance, OneDegree is a Hong-Kong-based pet insurance startup that received USD 25 million from Hong Kong's Insurance Authority. The company plans to use this investment to market and stabilize insurance reserve.
- China Pet Insurance Market Coverage Outlook (Revenue, USD Million , 2021-2033)
- Accident & Illness
- Accident Only
- Other Coverage
- China Pet Insurance Market Animal Outlook (Revenue, USD Million , 2021-2033)
- Dogs
- Cats
- Other Animals
- China 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
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Horizon Databook provides a detailed overview of country-level data and insights on the China Pet Insurance Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into China Pet Insurance Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
China Pet Insurance Market, 2021-2033 (US$M)
China pet insurance market statistics, by coverage, 2021-2033 (US$M)
