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U.K. Edible Insect & Insect Protein Market- Size, Trends, Competitive Analysis and Forecasts (2018-2023)

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  • 121 Pages
  • June 2018
  • Region: United Kingdom
  • Hypercube Insights
  • ID: 4650667
The edible insect and insect protein market of U.K. is in nascent stage. The protein industry in U.K. is highly developed. Companies in the U.K. possess huge potential to innovate and develop range of various products that meets the present demand of consumers in the country. Increasing population in the U.K. are highly conscious about their physical health due to rising awareness about the negative impact of obesity. This is one of the major factors in rapidly growing protein industry in the country. The industry of edible insect is developing steadily with rising consumers preferring to eat foods that prevents environmental damage throughout the supply chain. However, insect as a food source is less popular compared to other food types.

U.K. represents around 8% of European edible insect and insect protein market with the estimated market revenue of $4.13 million in 2018. Major drivers of slowly growing insect industry in the country includes growing consumers demanding sustainable food sources, high demand of lactose free and gluten free products and strengthening demand of supplement products particularly among youngsters and middle-aged population. The application of edible insect and insect protein across animal feed shares around 63% of total market share in the country. The demand of cheaper and sustainable raw materials is ever growing which is one of the major reason for increasing application of insect-based ingredients in feed products.

Since last decade, the Government of U.K has developed strict regulations related to artificial fertilizers due to its harmful effect on the soil. Hence, Government has been pushing for organic and bio fertilizers that keeps the soil healthy and provides needed minerals and vitamins to the soil. Considering this situation many companies in the U.K. have stated researching and developing insect based natural fertilizers which not only reduces the cost of the end products but also release less greenhouse gases into the nature.

At present, the acceptability of the insect as a potential food source is very low in the U.K. Hence, the application of edible insect and insect protein across food, beverage and dietary supplements industry is very low. But due to rising awareness about the effect of animal farming on global warming, population has been slowly shifting towards the viable, sustainable, natural and nutritional food sources. Since edible insects provides required nutritional and functional value over other protein types, its acceptability is expected to rise in coming years. The gradually rising popularity of insect as a food and feed source has attracted the focus of number of startups in insect industry. Some of the successful startups in the U.K includes Gathr Foods, Nutribug and Entocycle. These small companies are working to develop wide range of insect-based products that can serve the present needs of the consumers. The aggressive push from the manufacturers is expected to provide required boost to the edible insect market.

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
1.1 Research Methodology
1.2 Scope of the Study
1.3 Assumptions
2. Summary
2.1 Market Summary By Type
2.2 Market Summary By Application
2.3 Market Summary by Geography
3. Industry Dynamics
3.1 Drivers
3.1.1 Growing demand for sustainable sources of protein
3.1.2 Rising health consciousness especially in developing countries
3.1.3 Increasing environmental impacts of factory farming of animals
3.1.4 Strengthening demand for dietary Supplements
3.1.5 Search for additional sources of protein for animal feed
3.2 Restraints
3.2.1 Lack of commercially feasible extraction process
3.2.2 Less commercial viability and consumer acceptance
3.2.3 Low awareness about the product
3.2.4 Regulatory Hurdles
3.3 Opportunities
3.3.1 Rising global demand for protein
3.3.2 Growth in functional food & nutraceuticals industry
3.3.3 Increasing demand for lactose-free, gluten free protein products
3.4 Porter’s Five Forces Analysis
3.4.1 Bargaining power of Suppliers
3.4.2 Bargaining power of Buyers
3.4.3 Degree of Competition
3.4.4 Threat of Substitution
3.4.5 Threat of new entrants
3.5 Future Trends in Insect Protein Industry
3.6 Value Chain Analysis
3.7 Industry Policies & Regulations
3.8 Market Innovations
4. Market Size and Forecast
4.1 Market Share, Product Type
4.1.1 Whole Insect Live Dried Frozen Freeze Dried Canned
4.1.2 Powder
4.1.3 Extracted Protein Protein Isolate Textured Protein Powder Capsules
4.1.4 Meal
4.1.5 Oil
4.1.6 Others
4.2 Market Share, Insect Type
4.2.1 Beetles
4.2.2 Caterpillar
4.2.3 Bees, ants and wasps
4.2.4 Locust
4.2.5 Grasshopper
4.2.6 Cricket
4.2.7 Cicadas
4.2.8 Others (Termites, Dragon flies, Flies)
4.3 Market Share, Application
4.3.1 Food Confectionary Bakery Snacks Dairy Alternative Meat Analogues and Extenders Others
4.3.2 Beverages
4.3.3 Dietary Supplements
4.3.4 Animal Feed Poultry Feed Swine Feed Pet Food Aquafeed
4.3.5 Fertilizers
4.3.6 Others
5. Competitive Analysis
5.1 Market Share Analysis
5.2 Growth Strategies of leading players
5.3 Investment and Development Prospects
5.3.1 Investment in past five years
5.3.2 Investment Opportunities
5.4 Competition Pattern
5.4.1 Concentration Ratio
5.4.2 Industry Competition
5.5 Price Trend Analysis
5.5.1 Product Classifications and Their Prices
5.5.2 Factors Influencing Prices
6. Company Profiles
6.1 HaoCheng Mealworm Inc.
6.2 Proti-Farm Holding NV
6.3 Enviroflight
6.4 Exo Inc.
6.5 Agriprotein Technologies
6.6 nextProtien
6.7 Nutrition Technologies
6.8 Ynsect
6.9 Entocycle
6.10 Agroloop
6.11 Enterra Feed Corporation
6.12 Protix
6.13 Flying SpArk
6.14 Chapul Inc.
6.15 Entofood
6.16 Innovafeed
6.17 Insectum
6.18 Thailand Unique
6.19 Kreca
6.20 Bitty Foods
6.21 Gathr Foods
6.22 Unique
6.23 Edible Inc.
6.24 Nutribug
6.25 Crik Nutrition
6.26 Bugsolutely
6.27 Bugeater Foods
6.28 Micronutris

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