Finland is one of the largest markets of edible insect and insect protein in the European region. Finland currently represents around 14% of the European edible insect and insect protein market share. The steady growth of Finland’s edible insect industry is mainly because of extensive research carried out across all sections such as universities, research institutes, and Government facilities among others. Even the insect breeding companies works in close collaboration with the researchers to develop potential application of the insects across various industry segments. The market revenue of edible insect and insect protein industry is estimated $7.07 million by 2018. The strong research support is expected to strengthen the consumption and the market is forecasted to grow at a CAGR of 15.3% during 2018 to 2023, to be worth $14.41 million by 2023.
In November 2017, Finnish bakery named Fazer launched insect-based breads making it the first company in the world to place insect bread in the grocery stores. The growing application of insects across food industry has attracted attention of consumers as well as manufacturers in the country. Finnish Government has also shown significant interested to roll out regulations pertaining to the industry and has shown great interest to work in close collaboration with the European Union to promote products. Finnish Food Safety Authority Evira is presently crafting guidelines for the food industry regarding the sales, farming and promotion of the insect as a potential food source.
The application of edible insects across the food, beverage and dietary supplements industries is estimated to grow at a significant rate in coming years. Food industry has also recorded significant change in past few years as the demand for sustainable and healthy food sources is growing with rising concern about the health and environment. Moreover, insect being free of lactose and gluten provide viable alternative for lactose intolerance and gluten sensitive population. Animal feed industry share highest market share of edible insect market. The growing application of edible insects across animal feed is mainly because of its rich nutritional profile of essential minerals, vitamins and amino acids and comparatively cheaper cost.
Key Deliverables
In November 2017, Finnish bakery named Fazer launched insect-based breads making it the first company in the world to place insect bread in the grocery stores. The growing application of insects across food industry has attracted attention of consumers as well as manufacturers in the country. Finnish Government has also shown significant interested to roll out regulations pertaining to the industry and has shown great interest to work in close collaboration with the European Union to promote products. Finnish Food Safety Authority Evira is presently crafting guidelines for the food industry regarding the sales, farming and promotion of the insect as a potential food source.
The application of edible insects across the food, beverage and dietary supplements industries is estimated to grow at a significant rate in coming years. Food industry has also recorded significant change in past few years as the demand for sustainable and healthy food sources is growing with rising concern about the health and environment. Moreover, insect being free of lactose and gluten provide viable alternative for lactose intolerance and gluten sensitive population. Animal feed industry share highest market share of edible insect market. The growing application of edible insects across animal feed is mainly because of its rich nutritional profile of essential minerals, vitamins and amino acids and comparatively cheaper cost.
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
