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
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
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