Europe Pet Insurance Market Size & Outlook, 2025-2033
Global Market
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Europe pet insurance market highlights
- The Europe pet insurance market generated a revenue of USD 7,628.2 million in 2024.
- The market is expected to grow at a CAGR of 16.2% 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, Sweden is expected to register the highest CAGR from 2025 to 2033.
Europe data book summary
| Market revenue in 2024 | USD 7,628.2 million |
| Market revenue in 2033 | USD 29,232.5 million |
| Growth rate | 16.2% (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, Europe region accounted for 41.3% 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.
Europe held the largest revenue share of the global pet insurance market as of 2023. In Europe, the UK and Sweden exhibit the highest pet insurance penetration. The considerable cost of veterinary care and the tendency of pet owners to purchase pet insurance are significant drivers in the region.
Moreover, a rise in the number of companion animals and a high per capita income are two components driving market growth. According to an article published in September 2023 by the Pet Food Industry, in 2022, cats were the most popular pet in Europe, accounting for 127 million or 26% of all households.
Dogs followed by just 1%, with 25% of homes in Europe owning a pet dog. The European pet insurance market is not adequately regulated by a professional regulatory agency in Europe. Insurance companies offer lifetime, non-lifetime, and accident-only plans. Players can enter into the European market easily due to high demand.
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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/ |
Europe 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 98.92% in 2024.
Horizon Databook has segmented the Europe pet insurance market based on accident & illness, accident only, other coverage covering the revenue growth of each sub-segment from 2021 to 2033.
Europe held the largest revenue share of the global pet insurance market as of 2023. In Europe, the UK and Sweden exhibit the highest pet insurance penetration. The considerable cost of veterinary care and the tendency of pet owners to purchase pet insurance are significant drivers in the region.
Moreover, a rise in the number of companion animals and a high per capita income are two components driving market growth. According to an article published in September 2023 by the Pet Food Industry, in 2022, cats were the most popular pet in Europe, accounting for 127 million or 26% of all households.
Dogs followed by just 1%, with 25% of homes in Europe owning a pet dog. The European pet insurance market is not adequately regulated by a professional regulatory agency in Europe. Insurance companies offer lifetime, non-lifetime, and accident-only plans. Players can enter into the European market easily due to high demand.
- Europe Pet Insurance Market Coverage Outlook (Revenue, USD Million , 2021-2033)
- Accident & Illness
- Accident Only
- Other Coverage
- Europe Pet Insurance Market Animal Outlook (Revenue, USD Million , 2021-2033)
- Dogs
- Cats
- Other Animals
- Europe 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 continent-level data and insights on the Europe Pet Insurance Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Europe Pet Insurance Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Europe Pet Insurance Market, 2021-2033 (US$M)
Europe pet insurance market statistics, by coverage, 2021-2033 (US$M)
