Italy accounts for around 6% of total edible insect and insect protein market in the European region. The demand of protein in the country is rising rapidly due to rising health awareness among the population. Moreover, increasing population are becoming conscious about the health problems associated with the consumption of meat and meat-based food products. Including these, the level of lactose sensitivity and gluten intolerance is also growing which would provide required boost to the market of edible insects in Italy. The food industry in Italy is also highly developed and popular across the world. The Italian food industry is currently focused on innovating cooking methods and ingredient types to enhance the nutrition quotient of various dishes. All these factors have created a platform for the edible insect and insect protein market. The market revenue of edible insects and insect protein is forecasted to capture the value of $4.70 million by 2023, at a CAGR of 9.6% during the forecast period.
The application of edible insects and insect protein across food industry is relatively low because of low acceptability of insect as a food source among Italian population. However, the growth rate of application of edible insect industry is very high in animal feed industry. Increasing companies are estimated to indulge in the edible insect industry and explore the potential to widen the product range. The beverage industry is also growing rapidly since last decade with growing demand for juices and health and energy drinks. Ready-to-drink beverages are opportunity segment for the insect protein manufacturers due to change in dietary pattern and busy lifestyles.
The adoption of vegan and vegetarian lifestyle is growing at a rapid rate since last few years due to rising awareness about the potential disadvantages of consuming meat and its derivative products. Whey protein is one of the popular protein types across the dietary supplements industry which is mainly used to produce protein bars, drinks and other similar products that helps to recover the body after intense exercising. These factors act as a major restraint to the edible insect industry. However, increasing companies are collaborating with the leading research institutes and the universities to widen the scope of insect ingredients which would not only increase the number of manufactures but also result in expansion of edible insect and insect protein.
Key Deliverables
The application of edible insects and insect protein across food industry is relatively low because of low acceptability of insect as a food source among Italian population. However, the growth rate of application of edible insect industry is very high in animal feed industry. Increasing companies are estimated to indulge in the edible insect industry and explore the potential to widen the product range. The beverage industry is also growing rapidly since last decade with growing demand for juices and health and energy drinks. Ready-to-drink beverages are opportunity segment for the insect protein manufacturers due to change in dietary pattern and busy lifestyles.
The adoption of vegan and vegetarian lifestyle is growing at a rapid rate since last few years due to rising awareness about the potential disadvantages of consuming meat and its derivative products. Whey protein is one of the popular protein types across the dietary supplements industry which is mainly used to produce protein bars, drinks and other similar products that helps to recover the body after intense exercising. These factors act as a major restraint to the edible insect industry. However, increasing companies are collaborating with the leading research institutes and the universities to widen the scope of insect ingredients which would not only increase the number of manufactures but also result in expansion of edible insect and insect protein.
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
