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

Australia is among strong and developed economies in Asia-Pacific region. Consumption of edible insect as a food source is recent trends in the country, which became popular due to the influence of neighboring countries such as South Korea, Japan, China and Thailand. The use of insects as feed and fertilizers is dating back since long and both of these applications acquire major market share compared to the other applications of edible insect and insect products in the region. Australia currently contributes around 13% of Asia-Pacific edible insect and insect protein market share. The country holds the value of $24.9 million which is estimated to increase and reach $48.1 million at a CAGR of 14.1% during the period of forecast.

Major drivers of Australia edible insect industry is rising population intending to consume sustainable food sources. In addition, rising population are affected by lactose sensitiveness and gluten intolerance that has increased the demand of gluten free and lactose free products. These factors have resulted in growing food manufactures to revise their products portfolio by adding edible insect as an ingredient across various food industry segments such as bakery items, confectionery products including chocolates, cakes, pastries, etc. and meat substitute products. The ongoing research to enhance the taste of edible insect will not only boost the edible insect market but will also result in exploration of other applications of edible insects. The opportunity to develop insect ingredients based ready-to-drink beverages is very high due to exponential consumption growth of the products.

Factors such as growing consumption of popular substitute protein types, less acceptance of insect ingredients and its derivative products as a potential food source and not defined industry regulation are restricting the growth of the market. However, rising health concern, growing sympathy towards the animals, growing population advocating for preservation of environment are some of the major factors that would driver the edible insect and insect protein industry.

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
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