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

Belgium is among the strongest economies in Europe. Edible insect and insect protein industry of Belgium represents around 16% of total European edible insect and insect protein market share. The industry is relatively developed compared to other countries in Europe. Belgium Insect Industry Federation plays a major role in driving the edible insect industry in the country. The federation helps to exchange the knowledge regarding insect farming and processing for commercial purpose. It also works in close collaboration with the leading research and development centers in the country to explore the application of insects as food or as ingredients in food products. Presently, the edible insect industry of Belgium captures the value of $7.95 million in 2018 which is forecasted to grow at a CAGR of 16.4% during 2018 to 2023, to reach at $17 million by 2023.

Major drivers of insect protein in the country includes steadily rising demand of sustainable food sources, growing population hitting the gym and fitness studios and strengthening demand of dietary supplements products across sports nutrition industries. Animal feed industry captures major market share of edible insect and insect protein in the country and is forecasted to grow at a faster CAGR compared to the other applications. The use of insects in the animal feed, although is an old practice, has been intensified due to the feed vs food debate over raw materials. The feed and insect companies are researching to process the insects to enhance the nutritional and functional benefits of feed. Similarly, in Fertilizer industry, due to growing demand for organic products and bio fertilizers, the application of insect across fertilizer industry has grown at a significant rate.

The application of insect, protein and its other derivative products across the food, beverage and dietary supplements is low due to easy availability of substitute food sources and protein types, low consumer acceptance of insects as a food source and relatively less knowledge about the production and processing of insects. Intensified research related to efficient processing and application of insect product will strengthen the demand for products in coming years. The exploration of other potential application of insects across chemical, cosmetics and pharmaceuticals industry would also boost the edible insect industry in the country.

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

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
4.1.1.1 Live
4.1.1.2 Dried
4.1.1.3 Frozen
4.1.1.4 Freeze Dried
4.1.1.5 Canned
4.1.2 Powder
4.1.3 Extracted Protein
4.1.3.1 Protein Isolate
4.1.3.2 Textured Protein
4.1.3.3 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
4.3.1.1 Confectionary
4.3.1.2 Bakery
4.3.1.3 Snacks
4.3.1.4 Dairy Alternative
4.3.1.5 Meat Analogues and Extenders
4.3.1.6 Others
4.3.2 Beverages
4.3.3 Dietary Supplements
4.3.4 Animal Feed
4.3.4.1 Poultry Feed
4.3.4.2 Swine Feed
4.3.4.3 Pet Food
4.3.4.4 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
Appendix
Sources
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