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 : May, 2021 | 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.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

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

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?