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Insect Protein Market - Forecast (2020 - 2025)

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  • 104 Pages
  • March 2020
  • Region: Global
  • IndustryARC
  • ID: 4532520
Insect Protein Market Overview:

Worldwide, more than 5 million species of insects are available, and majority of the global populous have been consuming bugs on a daily basis. According to Food and Agriculture Organization of the United Nations, the steady growth in population will hit 9 billion by 2050 and lead to rise in the demand for feed/food output. Among different insects, edible insects act as a dynamic solution to provide novel and protein food. Thus, the research firm the publisher has evaluated the global insect protein market revenue as $62.55 million in 2020 and estimates the opportunities to increment with a profitable CAGR of 20.96% during the forecast period 2020-2025.

In 2020, APAC had the maximum insect protein market share at 60%. Toasted crickets are consumed at a higher note by the westerners during their visit to Southeast Asia. In addition to this, Vietnameese startups and entrepreneurs statement insect protein will be a part of everyday food products in the near future is also representing a positive impact on the growth of insect protein market. Scaling up the production capacities of insect protein through infrastructure expansions in different facilities of Asia is boosting the share of APAC in the global insect protein market.

Insect Protein Market Outlook:

Insect protein is a high quality protein which is available in varied forms such as insect protein powder and insect protein animal feed. Insects, plants, micro-organisms, and some species of fish produce anti-freeze proteins. Whole insects, flour, and oil are the most commonly used insect protein products types.

Insect protein is widely applicable in the food and beverage applications of the insect protein market is poised to observe an increment in terms of revenues at a CAGR of 33.97% through to 2025. It is due to the high usage of insect protein in processed food products which includes pasta, burger, cookies, patties and snacks. Increase in demand for insect protein food products is leading to choose an efficient source which provides more output. Hence, edible insects which comprises of vitamins, amino acids and high quality protein is chosen, because they offer high feed conversion efficiency and less feed consumption of insects such as crickets to produce the same amount of protein compared to cattle, sheep, pigs, and broiler chickens. Therefore, this factor is driving the acceptance of edible insects as a trendy innovative food in the food and beverages industry.

Insect Protein Market Growth Drivers:

-Protein Source

Edible insects contain rich amount of protein. Conventional production of protein is possible through a potential source namely insects, which is available in both ways for direct human consumption, and indirectly through food products with extracted protein from insects. Growth of these insects is easily possible even on organic waste, which is an added benefit. Moreover, they release less greenhouse gases and ammonia compared to conventional livestock. Hence, because of all these advantages edible insects are highly adopted as protein source.

- Insect Nutrition

Growing health awareness among people coupled with athletes hunger search for protein bars, powders, and mixes has been booming the insect protein market demand.

Insect Protein Market Trends

  • Sustainable Food Source

Insects act as an alternative source to fight hunger of an individual. They also act as an easy-grow food option with in sustained available space. The insect protein is highly flexible to blend with soups, shakes and baked goods. Cricketers are extensively used by the edible insect industry specifically to produce chips, pastas and protein bars.

- Funding

In 2020, AgriProtein has increased its funding by $105m and recognized as one of the hunger investors in insect protein market. It is concentrated in converting organic food waste into a high-protein substitute to fishmeal.

- Acquisition

Aspire Food Group has acquired Exo. This strategy is combining the product line of cricket-based protein bars in to edible insect farming operations.

Insect Protein Market Key Players Perspective

Next Protein Inc., EnviroFlight, LLC, Thailand Unique, Entomo Farms, Kreca Ento-Food, Nordic Insect Economy Ltd, Proti-Farm, EXO., Crik Nutrition and Agriprotein Technologies are some of the main insect protein market share players involved in the global insect protein market.

Insect Protein Market Research Scope:

The base year of the study is 2020, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the insect protein market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The insect protein market research report also analyses the application of the insect protein in various industries such as food and beverages, pharmaceutical, animal feed, cosmetics, and bio diesel.

Table of Contents

`1. Insect Protein Market - Overview
1.1. Definitions and Scope
2. Insect Protein Market - Executive summary
2.1. Market Revenue, Market Size and Key Trends by Company
2.2. Key Trends by type of Application
2.3. Key Trends segmented by Geography
3. Insect Protein Market
3.1. Comparative analysis
3.1.1. Product Benchmarking - Top 10 companies
3.1.2. Top 5 Financials Analysis
3.1.3. Market Value split by Top 10 companies
3.1.4. Patent Analysis - Top 10 companies
3.1.5. Pricing Analysis
4. Insect Protein Market Forces
4.1. Drivers
4.2. Constraints
4.3. Challenges
4.4. Porters five force model
4.4.1. Bargaining power of suppliers
4.4.2. Bargaining powers of customers
4.4.3. Threat of new entrants
4.4.4. Rivalry among existing players
4.4.5. Threat of substitutes
5. Insect Protein Market -Strategic analysis
5.1. Value chain analysis
5.2. Opportunities analysis
5.3. Product life cycle
5.4. Suppliers and distributors Market Share
6. Insect Protein Market – By Type (Market Size -$Million / $Billion)
6.1. Market Size and Market Share Analysis
6.2. Application Revenue and Trend Research
6.3. Product Segment Analysis
6.3.1. Beetles (Coleoptera)
6.3.2. Caterpillars (Lepidoptera)
6.3.3. Hymenoptera Bees Wasps Ants
6.3.4. Orthoptera Grasshoppers Locusts Crickets
6.3.5. Hemiptera Cicadas Leaf and Planthoppers Scale Insects and True Bugs Termites (Isoptera)
6.3.7. Dragonflies (Odonata)
6.3.6. Files (Diptera)
6.3.9. Others
7. Insect Protein Market – By Product Type (Market Size -$Million / $Billion)
7.1. Introduction
7.2. Whole Insects
7.3. Flour
7.4. Oil
7.5. Others
8. Insect Protein – By End Use Industry(Market Size -$Million / $Billion)
8.1. Segment type Size and Market Share Analysis
8.2. Application Revenue and Trends by type of Application
8.3. Application Segment Analysis by Type
8.3.1. Food and Beverages Snacks Bars Bread Pasta Chips Burgers Nuggets Beverages Others
8.3.2. Pharmaceutical
8.3.3. Animal Feed Aquaculture Feed Poultry Feed Pet Food Pig Feed Others
8.3.4. Cosmetics
8.3.5. Biodiesel
8.3.6. Others
9. Insect Protein - By Geography (Market Size -$Million / $Billion)
9.1. Insect Protein Market - North America Segment Research
9.2. North America Market Research (Million / $Billion)
9.2.1. Segment type Size and Market Size Analysis
9.2.2. Revenue and Trends
9.2.3. Application Revenue and Trends by type of Application
9.2.4. Company Revenue and Product Analysis
9.2.5. North America Product type and Application Market Size U.S. Canada Mexico Rest of North America
9.3. Insect Protein - South America Segment Research
9.4. South America Market Research (Market Size -$Million / $Billion)
9.4.1. Segment type Size and Market Size Analysis
9.4.2. Revenue and Trends
9.4.3. Application Revenue and Trends by type of Application
9.4.4. Company Revenue and Product Analysis
9.4.5. South America Product type and Application Market Size Brazil Venezuela Argentina Ecuador Peru Colombia Costa Rica Rest of South America
9.5. Insect Protein - Europe Segment Research
9.6. Europe Market Research (Market Size -$Million / $Billion)
9.6.1. Segment type Size and Market Size Analysis
9.6.2. Revenue and Trends
9.6.3. Application Revenue and Trends by type of Application
9.6.4. Company Revenue and Product Analysis
9.6.5. Europe Segment Product type and Application Market Size U.K Germany Italy France Netherlands Belgium Spain Denmark Rest of Europe
9.7. Insect Protein – APAC Segment Research
9.8. APAC Market Research (Market Size -$Million / $Billion)
9.8.1. Segment type Size and Market Size Analysis
9.8.2. Revenue and Trends
9.8.3. Application Revenue and Trends by type of Application
9.8.4. Company Revenue and Product Analysis
9.8.5. APAC Segment – Product type and Application Market Size China Australia Japan South Korea India Taiwan Malaysia
10. Insect Protein Market - Entropy
10.1. New product launches
10.2. M&A's, collaborations, JVs and partnerships
11. Insect Protein Market Company Analysis
11.1. Market Share, Company Revenue, Products, M&A, Developments
11.2. Next Protein Inc
11.3. EnviroFight LLc
11.4. Thailand Unique
11.5. Entomo Firms
12. Insect Protein Market -Appendix
12.1. Abbreviations
12.2. Sources