Norway Pet Insurance Market Size & Outlook, 2025-2033
The pet insurance market in Norway is expected to reach a projected revenue of US$ 356.1 million by 2033. A compound annual growth rate of 17.3% is expected of Norway pet insurance market from 2025 to 2033.
The Norway pet insurance market generated a revenue of USD 84.8 million in 2024 and is expected to reach USD 356.1 million by 2033.
The Norway market is expected to grow at a CAGR of 17.3% 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 84.8 million
Market revenue in 2033
USD 356.1 million
Growth rate
17.3% (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, Norway accounted for 0.5% 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 Europe, UK pet insurance market is projected to lead the regional market in terms of revenue in 2033.
Sweden is the fastest growing regional market in Europe and is projected to reach USD 4,152.7 million by 2033.
Norway pet insurance market growth is similar to Sweden market. High companion animal population and rise in awareness about animal health are factors driving the market. Some of the local companies are Skadeforsikring NUF and DNB ASA.
The country does not have strict laws compared to Sweden. Animal Welfare Act 2001 is the only Act responsible for animal welfare in the country. Swedish companies, such as FirstVet, planning to expand their business in the country are expected to create new opportunities in this pet service market.
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 100.12% in 2024.
Horizon Databook has segmented the Norway pet insurance market based on accident & illness, accident only, other coverage covering the revenue growth of each sub-segment from 2021 to 2033.
Norway pet insurance market growth is similar to Sweden market. High companion animal population and rise in awareness about animal health are factors driving the market. Some of the local companies are Skadeforsikring NUF and DNB ASA.
The country does not have strict laws compared to Sweden. Animal Welfare Act 2001 is the only Act responsible for animal welfare in the country. Swedish companies, such as FirstVet, planning to expand their business in the country are expected to create new opportunities in this pet service market.
Norway Pet Insurance Market Coverage Outlook (Revenue, USD Million , 2021-2033)
Accident & Illness
Accident Only
Other Coverage
Norway Pet Insurance Market Animal Outlook (Revenue, USD Million , 2021-2033)
Dogs
Cats
Other Animals
Norway 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 Norway Pet Insurance Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Norway Pet Insurance Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.