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Insect Protein Market - Global Industry Analysis

Insect Protein Market - By Application (Animal Nutrition (Pet Food, Aquafeed, and Poultry Feed), Food & Beverages, and Pharmaceuticals & Cosmetics), By Insect Type (Black Soldier Flies, Crickets, Ants, Mealworms, and Grasshoppers), and By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2025

Published Date: 04-Mar-2020 Category: Food & Beverage Report Format : PDF Pages: 110 Report Code: ZMR-4810 Status : Published

Global insect protein market was valued at USD 148 million in 2019 and is expected to surpass USD 1400 million by 2025, with a CAGR of 45.7% from 2019–2025.

Description

The global insect protein market was estimated at 148 (USD Million) in 2019 and is projected to be valued at over 1400 (USD Million) by 2025 at a CAGR of 45.7% over 2019-2025. The report offers valuation and analysis of insect protein market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, limitations, revenue estimates, avenues, current & emerging trends, and industry-validated market data. The report offers historical data from 2016 to 2018 along with a forecast from 2019 to 2025 based on value (USD Million).

Introduction

With prominent inflation in the global population and large-scale demand for protein-based products from the end-users, the production of protein from fish, poultry, and livestock has become a daunting or formidable task. This has shifted the proclivity of the industry players towards producing insect species for protein. According to NCBI, nearly 1,900 species of insects are consumed across the globe and their demand is bulging in the emerging economies.

Market Growth Dynamics

The insect protein market is expected to gain traction over the forthcoming years due to the high feed conversion ratios, reduced GHG emissions, and high feed quality. Apart from this, few of the insect species can be nurtured on organic side streams, thereby minimizing the environmental damage and transmuting waste into high-protein feed replacing fish in the diet. Furthermore reduced disposable charges of organic side streams will boost the scope of the business over the foreseeable future.

Insect Protein Market

Furthermore, the escalating need for new food solutions having high nutritive value for both indirect as well as direct intake by humans will prompt the market demand. Apart from this, insects are used for feeding farmed animals due to their high nutritive value and this will also help in charting a profitable growth curve for animal feed micronutrients sector. Apparently, the reduction in the land area usage for producing proteins through insect farming and the availability of techniques into nutritive protein products will offer new growth avenues for the market over the forthcoming years.

Additionally, insects are consumed in a diet for enhancing gut health as it consists of bioactive parts including lauric acid, chitin, and antimicrobial peptides having immune boosting features. Furthermore, thriving HI producing firms have also contributed lucratively towards the expansion of the insect protein market in the current years.

The favorable market trend is the indication of benefits accrued by the stakeholders through insect production for consumers requiring high value protein products. With insects becoming a part of the routine diet of fish and free-range poultry, it is most plausible that the insect proteins can be considered as the commercial source of animal feed over the coming years, thereby further accelerating the market growth.

Several insects have been tried for animal feed and black soldier fly has proved to be the major potential source of animal feed. Apart from this, studies have revealed that mealworms have higher nutritive value in comparison to other traditional sources of diet. All these factors will further steer up the industry growth over the forthcoming years.

North America & Europe To Make Major Contributions Towards Overall Market Share By 2025

According to NCBI, in 2019 nearly one-third of the U.S. population displayed an interest in purchasing insect-based food products. Apart from this, one out of five meat consumers have demonstrated their eagerness in acceptance of insect food in the U.S. Additionally, favorable feed legislations passed by regulatory authorities of the U.S. and Europe will further steer the growth of the market in North America and Europe.

For instance, the U.S. FDA passed a law referred to as FFDCA and as per the legislation GRAS or additive approval list was required for insects and the approval list also included HI larvae as an animal feed ingredient. Citing another such instance, the European Food Safety Authority of the EU has provided green signal towards the use of fat from insects in animal feed. All these aforementioned factors will unfurl new dimensions of growth for the insect protein industry over the forecasting years.

Key players profiled in the insect protein industry include Protifarm NV Entomo Farms, Aspire Food Group, Jimini’s, Swarm Nutrition GmbH, Chapul Cricket Protein, EnviroFlight LLC, AgriProtein Holdings Ltd., SAS Ÿnsect Company, InnovaFeed SAS, Protix, and Hexafly.

The global insect protein market is segmented as follows:

By Application

  • Food & beverages
  • Animal nutrition
    • Aquafeed
    • Poultry feed
    • Pet food
    • Others (exotic pets, birds, and swine)
  • Pharmaceutical & cosmetics

By Insect Type

  • Crickets
  • Black soldier flies
  • Mealworms
  • Ants
  • Grasshoppers
  • Others (silkworms, beetles, and buffalo worms) 

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description and Scope
    • 1.2. Research Scope
    • 1.3. Research Methodology
      • 1.3.1. Market Research Process
      • 1.3.2. Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1. Insect Protein Market, 2016–2025 (USD Million)
    • 2.2. Insect Protein Market: Snapshot
  • Chapter 3. Global Insect Protein Market– Industry Analysis
    • 3.1. Insect Protein Market: Market Dynamics
    • 3.2. Market Drivers
      • 3.2.1. Massive need for reducing carbon emissions and enhance protein content in animal feed
      • 3.2.2. High nutritive value of insect food along with less requirement of land for harvesting & farming of animals will enhance product popularity
    • 3.3. Porter’s Five Forces Analysis
    • 3.4. Market Attractiveness Analysis
      • 3.4.1. Market attractiveness analysis By Insect Type
      • 3.4.2. Market attractiveness analysis By Application
      • 3.4.3. Market attractiveness analysis by Region
  • Chapter 4. Global Insect Protein Market– Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global Insect Protein Market: company market share, 2018
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New Insect Type launches
      • 4.2.3. Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4. Research and development and Regional expansion
    • 4.3. Price trend analysis
  • Chapter 5. Global Insect Protein Market–Insect Type Analysis
    • 5.1. Global Insect Protein Market overview: By Insect Type
      • 5.1.1. Global Insect Protein Market share, By Insect Type,2018 and 2025
    • 5.2. Black Suldier Flies
      • 5.2.1. Global Insect Protein Market by Black Suldier Flies, 2016–2025 (USD Million)
    • 5.3. Crickets
      • 5.3.1. Global Insect Protein Market by Crickets, 2016–2025 (USD Million)
    • 5.4. Ants
      • 5.4.1. Global Insect Protein Market by Ants, 2016–2025 (USD Million)
    • 5.5. Mealworms
      • 5.5.1. Global Insect Protein Market by Mealworms, 2016–2025 (USD Million)
    • 5.6. Grasshoppers
      • 5.6.1. Global Insect Protein Market by Grasshoppers, 2016–2025 (USD Million)
  • Chapter 6. Global Insect Protein Market– Application Analysis
    • 6.1. Global Insect Protein Market overview: By Application
      • 6.1.1. Global Insect Protein Market share, By Application, 2018 and 2025
    • 6.2. Animal Nutrition
      • 6.2.1. Global Insect Protein Market By Animal Nutrition, 2016–2025 (USD Million)
    • 6.3. Food & Beverages
      • 6.3.1. Global Insect Protein Market By Food & Beverages, 2016–2025 (USD Million)
    • 6.4. Pharmaceuticals & Cosmetics
      • 6.4.1. Global Insect Protein Market By Pharmaceuticals & Cosmetics, 2016–2025 (USD Million)
  • Chapter 7. Company Profiles
    • 7.1. Entomo Farms
      • 7.1.1. Overview
      • 7.1.2. Financials
      • 7.1.3. Product Portfolio
      • 7.1.4. Business Strategy
      • 7.1.5. Recent Developments
    • 7.2. Aspire Food Group
      • 7.2.1. Overview
      • 7.2.2. Financials
      • 7.2.3. Product Portfolio
      • 7.2.4. Business Strategy
      • 7.2.5. Recent Developments
    • 7.3. Jimini’s
      • 7.3.1. Overview
      • 7.3.2. Financials
      • 7.3.3. Product Portfolio
      • 7.3.4. Business Strategy
      • 7.3.5. Recent Developments
    • 7.4. Protifarm NV
      • 7.4.1. Overview
      • 7.4.2. Financials
      • 7.4.3. Product Portfolio
      • 7.4.4. Business Strategy
      • 7.4.5. Recent Developments
    • 7.5. Swarm Nutrition GmbH
      • 7.5.1. Overview
      • 7.5.2. Financials
      • 7.5.3. Product Portfolio
      • 7.5.4. Business Strategy
      • 7.5.5. Recent Developments
    • 7.6. Chapul Cricket Protein
      • 7.6.1. Overview
      • 7.6.2. Financials
      • 7.6.3. Product Portfolio
      • 7.6.4. Business Strategy
      • 7.6.5. Recent Developments
    • 7.7. EnviroFlight LLC
      • 7.7.1. Overview
      • 7.7.2. Financials
      • 7.7.3. Product Portfolio
      • 7.7.4. Business Strategy
      • 7.7.5. Recent Developments
    • 7.8. AgriProtein Huldings Ltd.
      • 7.8.1. Overview
      • 7.8.2. Financials
      • 7.8.3. Product Portfolio
      • 7.8.4. Business Strategy
      • 7.8.5. Recent Developments
    • 7.9. InnovaFeed SAS
      • 7.9.1. Overview
      • 7.9.2. Financials
      • 7.9.3. Product Portfolio
      • 7.9.4. Business Strategy
      • 7.9.5. Recent Developments
    • 7.10. Protix
      • 7.10.1. Overview
      • 7.10.2. Financials
      • 7.10.3. Product Portfolio
      • 7.10.4. Business Strategy
      • 7.10.5. Recent Developments
    • 7.11. Hexafly
      • 7.11.1. Overview
      • 7.11.2. Financials
      • 7.11.3. Product Portfolio
      • 7.11.4. Business Strategy
      • 7.11.5. Recent Developments
    • 7.12. SAS Ynsect Company
      • 7.12.1. Overview
      • 7.12.2. Financials
      • 7.12.3. Product Portfolio
      • 7.12.4. Business Strategy
      • 7.12.5. Recent Developments

Methodology


Frequently Asked Questions

Ans: The global insect protein market is anticipated to hit USD 1400 million by 2025.

Ans: The insect protein market is set to record a CAGR of over 45.7% over 2019-2025.

Ans: North America and Europe combined are likely to capture largest market share by 2025.

Ans: Growing requirement for minimizing GHG emissions and enrich the protein content in the animal feed will drive the market trends. Apart from this, insect food comprise of high nutritive value and insect farming requires less space as compared to live stock farming, thereby propelling the industry growth.

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