Brazil is one of the largest economies in South American region. It represents around 49% of South America edible insect and insect protein market. Rapid industrialization and infrastructure development are some of the major factors that has resulted in ever growing market of protein in the country. Even though, Brazil is largest market of edible insect and insect protein in the country, it shares relatively low share at the global level. In terms of market revenue, edible insect and insect protein industry is currently estimated at $42.6 million in 2018. With rising trend of consuming alternative food sources, increasing health consciousness due to growing concern about obesity and growing demand of affordable food sources are some of the major drivers that would boost the growth of edible insect industry in the country.
Rising production of meat has exerted pressure on environment. Hence, edible insect consumption is one of the affordable food alternatives which contains significant amount of protein, vitamins, minerals and amino acids. Moreover, edible insects emit less greenhouse gases and possess high rate of food conversion than traditional livestock. The application of insects across animal feed is very high especially across livestock animals, fish and poultry animals. Fertilizer industry of Brazil is also recording considerable change since past many years due to ever growing demand of bio fertilizers. Research has been going at the industry and research institute level to explore other applications of edible insects.
The food industry of Brazil is also growing at a considerable rate. The demand of meat alternative products is very high with rising awareness about the health disadvantages of meat consumption. In addition, rapid innovation has been taking place in the bakery and confectionery industry, as the demand of highly nutritious, affordable and high protein containing protein products such as breads, cakes, pastries and chocolates is increasing. Increasing efforts has also been taking place to improve the flavor and taste of edible insect which will attract more consumers acceptance. Other applications of edible insects include beverages, dietary supplements, medical, pharmaceuticals, cosmetics and personal care segments. There are not many players involved at a global level from Brazil, but with rising demand and applications, increasing new entrants are expected to supply in coming years.
Key Deliverables
Rising production of meat has exerted pressure on environment. Hence, edible insect consumption is one of the affordable food alternatives which contains significant amount of protein, vitamins, minerals and amino acids. Moreover, edible insects emit less greenhouse gases and possess high rate of food conversion than traditional livestock. The application of insects across animal feed is very high especially across livestock animals, fish and poultry animals. Fertilizer industry of Brazil is also recording considerable change since past many years due to ever growing demand of bio fertilizers. Research has been going at the industry and research institute level to explore other applications of edible insects.
The food industry of Brazil is also growing at a considerable rate. The demand of meat alternative products is very high with rising awareness about the health disadvantages of meat consumption. In addition, rapid innovation has been taking place in the bakery and confectionery industry, as the demand of highly nutritious, affordable and high protein containing protein products such as breads, cakes, pastries and chocolates is increasing. Increasing efforts has also been taking place to improve the flavor and taste of edible insect which will attract more consumers acceptance. Other applications of edible insects include beverages, dietary supplements, medical, pharmaceuticals, cosmetics and personal care segments. There are not many players involved at a global level from Brazil, but with rising demand and applications, increasing new entrants are expected to supply in coming years.
Key Deliverables
- Market trends since 2014 and five year forecasts of market growth
- Detailed analysis of the micro and macro elements influencing demand trends
- Identifying opportunity spaces across segments and countries
- Supply & demand side trend and analysis
- Price trend analysis, investment prospects and competition pattern
- Insights on growth potential of the market
- Detailed analysis of major producers covering financial investments & strategies adopted
- Competitive landscape of the industry
Table of Contents
1. Introduction
2. Summary
3. Industry Dynamics
4. Market Size and Forecast
5. Competitive Analysis
6. Company Profiles
Companies Mentioned
- Proti-Farm Holding NV
- Enviroflight
- Exo Inc.
- Agriprotein Technologies
- nextProtien
- Ynsect
- Entocycle
- Enterra Feed Corporation
- Protix
- Chapul Inc.
- Innovafeed
- Thailand Unique
- Kreca
- Edible Inc.
- Crik Nutrition
- Bugso
