Insect Protein Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2025

Report Code: ZMR-4810 | Report Format : | Status : Upcoming |

Abstract

Global Insect Protein Market: Overview

Insects are a major source of protein, particularly in the food sector. This fact has gradually is likely to gain popularity. The insect demand as a feasible food ingredient is claimed to be a requirement for maintaining food safety.

Global Insect Protein Market: Growth Factors

The insect protein market is projected to register at a remarkable growth rate in the future. Insect protein is a feasible substitute for different kinds of both animal and plant-based protein sources, as it likely offers an equal amount or even higher protein level at a low price. The increasing cost of fishmeal and soy meal is expected to drive the feed producers to shift to insect protein to comply with the increasing demand for poultry and aquaculture feed.

Insects are considered to be rich in protein and it is believed to offer a higher amount of protein content as compared to different plants and animals. Rearing of consumable insects at a commercial scale needs comparatively fewer resources like feed and land. Initially, insect protein was only utilized as an important ingredient in animal supply. Later, the increasing awareness and knowledge regarding the higher protein content in insects diversified its application in various sectors. For instance, the key market players are offering insect protein to several producers of pharmaceuticals, food and beverages, cosmetics, nutraceuticals, animal feed, and pet food. Insects belonging to various orders have different protein content. Therefore, numerous insects are reared for their high-protein quantity, which is likely to experience a growing number of applications as a substitute protein source. However, the lack of suitable rules and regulations considering the use of insect protein in the feed sector may limit the insect protein market development.

Global Insect Protein Market: Segmentation

The insect protein market is fragmented based on insect type, and application. By insect type, the insect protein market is divided into grasshoppers, ants, crickets, mealworms, black soldier flies, and others (buffalo worms, silkworms, and beetles). Based on the application, the insect protein market is divided into animal nutrition, food and beverages, pharmaceutical, and cosmetics. The animal nutrition segment further includes poultry feed, pet food, aquafeed, and others (birds, swine, and exotic pets).

Global Insect Protein Market: Regional Analysis

In most North American and European countries, the regional population’s consumption of insects is low and usually considered culturally wrong or taboo in certain places. On the other hand, considering the increasing global populace and growing demand for the production of conventional beef, pork, and chicken meat, insects are primarily regarded as a major source of animal protein. Thus, in these regions, the recognition of edible insects is comparatively low as manufacturers are likely to start insect protein-based products that will be accessible in the form of protein powder, protein bars, bakery products, and pasta. As insects are not directly noticeable to the consumers, these products are easily consumed and accepted. Therefore, several companies are producing insect protein food items that are likely to increase their production capacities in European and North American countries.

In addition, insect protein is primarily utilized in animal feed. The demand for insect protein for human usage is anticipated to rise rapidly in the future, owing to the growing health consciousness and knowledge among customers. Insect protein in feed items is expected to experience increased demand in the Asia Pacific region.

Global Insect Protein Market: Competitive Players

Some main participants in the insect protein market are EntomoFarms, Aspire Food, Jimini’s, Chapul Cricket Protein, Protifarm, AgriProtein Holdings, Swarm Nutrition, Innovafeed, EnviroFlight, Hexafly, Ÿnsect, and Protix, among others.

Global Insect Protein Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • The UK
    • France
    • Germany
  • The Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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