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

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

Status : July, 2020 | Food and Beverages | PPT format

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 study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.