North America Pet Insurance Market Size & Outlook, 2025-2033
Global Market
Related Markets
North America pet insurance market highlights
- The North America pet insurance market generated a revenue of USD 5,983.5 million in 2024.
- The market is expected to grow at a CAGR of 18.8% 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.
- Country-wise, U.S. is expected to register the highest CAGR from 2025 to 2033.
North America data book summary
| Market revenue in 2024 | USD 5,983.5 million |
| Market revenue in 2033 | USD 28,688.2 million |
| Growth rate | 18.8% (CAGR from 2025 to 2033) |
| Largest segment | Accident & illness |
| 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, North America region accounted for 32.4% 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.
North America held the second-largest revenue share in the pet insurance market in 2023. The key drivers of the market are rise in the companion animal population and increase in awareness about pet insurance.
Moreover, the market is growing because of rising veterinary healthcare expenditures and per capita income. The pet insurance market in this region is governed by the North American Pet Health Insurance Association (NAPHIA).
As per the National Pet Owners Survey conducted by the American Pet Products Association in 2023, 66% of U.S. households owned a pet, which is equivalent to 86.9 million homes. In addition, according to the North American Pet Health Insurance Association, Inc., 0.9 million cats and 3.8 million dogs were insured in the U.S. in 2022, thereby increasing the number of insured pets in the United States by 22.1%.
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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/ |
North America 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 104.55% in 2024.
Horizon Databook has segmented the North America pet insurance market based on accident & illness, accident only, other coverage covering the revenue growth of each sub-segment from 2021 to 2033.
North America held the second-largest revenue share in the pet insurance market in 2023. The key drivers of the market are rise in the companion animal population and increase in awareness about pet insurance.
Moreover, the market is growing because of rising veterinary healthcare expenditures and per capita income. The pet insurance market in this region is governed by the North American Pet Health Insurance Association (NAPHIA).
As per the National Pet Owners Survey conducted by the American Pet Products Association in 2023, 66% of U.S. households owned a pet, which is equivalent to 86.9 million homes. In addition, according to the North American Pet Health Insurance Association, Inc., 0.9 million cats and 3.8 million dogs were insured in the U.S. in 2022, thereby increasing the number of insured pets in the United States by 22.1%.
- North America Pet Insurance Market Coverage Outlook (Revenue, USD Million , 2021-2033)
- Accident & Illness
- Accident Only
- Other Coverage
- North America Pet Insurance Market Animal Outlook (Revenue, USD Million , 2021-2033)
- Dogs
- Cats
- Other Animals
- North America 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 North America Pet Insurance Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into North America Pet Insurance Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
North America Pet Insurance Market, 2021-2033 (US$M)
North America pet insurance market statistics, by coverage, 2021-2033 (US$M)
