India Pet Insurance Market Size & Outlook, 2025-2033
Global Market
Related Markets
India pet insurance market highlights
- The India pet insurance market generated a revenue of USD 695.8 million in 2024 and is expected to reach USD 3,447.6 million by 2033.
- The India market is expected to grow at a CAGR of 19.4% 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 695.8 million |
| Market revenue in 2033 | USD 3,447.6 million |
| Growth rate | 19.4% (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, India accounted for 3.8% 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.
Pet insurance market in India is experiencing rapid growth, positioning it as one of the world's fastestgrowing markets for pet insurance.
According to a study published by Creature Companions Magazine, India's pet care industry will rise to USD 800 million by 2025. Each year, approximately 600,000 pets find homes through adoption in the country, with dogs being the most favored choice, with an estimated 31 million pet dogs expected by the close of 2023.
This surge in pet ownership indicates a growing need for services like pet insurance to safeguard these beloved companions. Furthermore, a rise in pet adoptions, especially dogs, in India, following the COVID-19 pandemic, coupled with the growing expenses related to their personal care, grooming, and medical needs, appears to be encouraging insurance companies to develop insurance plans tailored for pets.
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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/ |
India 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 102.99% in 2024.
Horizon Databook has segmented the India pet insurance market based on accident & illness, accident only, other coverage covering the revenue growth of each sub-segment from 2021 to 2033.
Pet insurance market in India is experiencing rapid growth, positioning it as one of the world's fastestgrowing markets for pet insurance.
According to a study published by Creature Companions Magazine, India's pet care industry will rise to USD 800 million by 2025. Each year, approximately 600,000 pets find homes through adoption in the country, with dogs being the most favored choice, with an estimated 31 million pet dogs expected by the close of 2023.
This surge in pet ownership indicates a growing need for services like pet insurance to safeguard these beloved companions. Furthermore, a rise in pet adoptions, especially dogs, in India, following the COVID-19 pandemic, coupled with the growing expenses related to their personal care, grooming, and medical needs, appears to be encouraging insurance companies to develop insurance plans tailored for pets.
- India Pet Insurance Market Coverage Outlook (Revenue, USD Million , 2021-2033)
- Accident & Illness
- Accident Only
- Other Coverage
- India Pet Insurance Market Animal Outlook (Revenue, USD Million , 2021-2033)
- Dogs
- Cats
- Other Animals
- India 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 India Pet Insurance Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into India Pet Insurance Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
India Pet Insurance Market, 2021-2033 (US$M)
India pet insurance market statistics, by coverage, 2021-2033 (US$M)
