Insect Protein Market - Global Industry Analysis 2014 - 2018 and Opportunity Assessment 2019 - 2029

  • Single User License $3500

Insect Protein Market - Global Industry Analysis 2014 - 2018 and Opportunity Assessment 2019 - 2029

Status : January, 2023 | Food and Beverages

Report Digest

Insect Protein: Market Outlook

The consumption of the whole insect or consuming the insect-derived products are two methods by which the insect protein can be consumed by humans or by any animal. The insects are considered as the source of high-quality proteins. when compared to meat proteins, insect-based products are a rich source of proteins for both food & feed applications. In the South Asian and East Asian countries, the edible insect and insect proteins are an integral part of their diet from the centuries. Conversely, the growing awareness about the nutritional quotient of the insect protein resulted in the radical acceptance of insect-based products and insect proteins in the established economies from regions like North America and Europe.

As a dry product, edible insects contain 50% to 80% of protein which is essential to animal nutrition. Edible insects also contain amino acids, which are highly digestible for animals. Some insects contain lauric acid, antimicrobial peptides, and chitin, which have immune-boosting properties. Edible insects for animal feed, due to their high nutritional content and evolving as a new alternative to plant-based protein, is expected to boost the market growth.

Manufacturers Increasing their Production Capacities Looking at Potential Opportunities

The initial cost for the companies to start the production of insect protein for food and feed applications is very low. Many startups in the insect proteins have started their production at very low investment. As the demand for the insect protein is increasing exponentially, the manufacturers are planning to expand or already expanded their production capacities. The investors also see the potential demand for insect proteins in the future and investing in this business helping the manufacturers in expanding their production capacity. This has resulted in the evolution of startup culture in Europe. Many startup companies founded in the years 2016, 2017, and 2018 in the field of insect protein market. This is expected to boost the demand for insect proteins over the forecasted period. On the contrary, the regulatory challenges for the manufacturers of insect proteins change according to the region and country, and it is considered as the potential threat to the insect protein market.

Global Insect Protein Market: Market Segmentation

On the basis Insect Type, the global insect protein market has been segmented as,

  • Crickets
  • Black Soldier Fly
  • Grasshoppers
  • Mealworms
  • Ants
  • Others

On the basis of Application, the global insect protein market has been segmented as,

  • Food & Beverage
    • Animal Nutrition
    • Aqua feed
    • Pet Food
    • Poultry Feed
  • Cosmetics & Personal Care
  • Others

On the basis of Form, the global insect protein market has been segmented as,

  • Dried Insects
  • Whole Insects
  • Powder/Meal
  • Oil

Global Insect Protein Market: Market Participants

The market participants in the global insect protein market identified across the value chain include EntomoFarms, Jimini’s, Aspire Food Group, Protifarm, Chapul Cricket Protein, Agriprotein Holdings Ltd., Swarm Nutrition GmbH, Innovafeed, Hexafly, EnviroFlight LLC, Protix, Innovafeed, and Ynsect among the other insect protein manufacturers.

Opportunities for Market Participants in the Global Insect Protein Market

The global insect protein market is witnessing exponential growth from the past few years. The manufacturers are also experiencing a sudden increase in the demand from various industries such as Food & beverage industry for the human consumption and Animal feed industry for animal consumption. The demand for insect protein is increasing owing to its best suitable nutritional profile for the fish and pet animals. The insect proteins are also the best high protein source for the poultry animals and pork and the manufacturers of the insect proteins have lucrative opportunities in the animal feed segment.

Globally, the trend of organic food consumption is rapidly gaining popularity, resulting in an increase in demand for organic ingredients in the animal feed segment. This opportunity is capitalized by the edible insect farmers and insect protein manufacturers to offer high-quality organic products to the consumers. Insect farmers and insect protein manufacturers need to investigate the legal and appropriate standards for organic insect farming. Organic insect feed adherence with quality standards and guidelines may lead to an increase in demand for insect proteins across the globe.

The established markets such as North America and Europe are the most lucrative markets for the insect protein manufacturers. Europe is experiencing the highest demand for insect proteins followed by North America. The European edible insect manufacturers are commercializing their insect proteins and approximately 1000 tons of insect protein in commercialized by the European edible insect farmers. This trend is subjected to increase the market demand for insect protein in food and feed applications.

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?