France is one of the important edible insect and insect protein markets in Europe. Presently, France holds around 12% of total edible insect and insect protein market in the region. There are number of factors that drives the insect industry in the country which includes rapidly growing protein industry, strong demand of supplementary products due to rapidly rising trend of attending gym and fitness sessions and growing feed manufactures committed to use sustainable ingredients in feed products. The market revenue of edible insect and insect protein presently accounts for $6.17 million in 2018. Because of highly developed food industry in the country, the opportunity to use edible insect and its derivative product as an ingredient across various food products would aid the insect industry to grow further and capture the market size of $11 million by 2018, registering a CAGR of 12.3% during the period of forecast.
The application of edible insect and its derivative products across animal feed industry shares highest market share of 64% which is followed by food and fertilizer industries. Animal feed industry has recorded considerable change since last decade in terms of production, packaging and effectiveness due to constant research and development. The application of edible insect such as cricket, grasshopper, locust, caterpillar, beetles, etc. is growing due to significant protein content and other vital minerals such as magnesium, potassium and iron. Considering ever growing demand of insects across animal feed industry, its application is estimated to cross over $7.5 million by 2023, at a CAGR of 12.5% during the forecasting period. Similarly, fertilizer industry has also been growing as the demand of natural fertilizers is highly demanded over artificial ones in the country.
In France, due to highly developed protein industry and rising adoption of vegan and vegetarian lifestyle, the market of popular vegetable protein types such as wheat protein, rice protein, pea protein and soy protein is growing at a rapid rate and this is proving to be a major restraint to insect protein market. However, dietary supplements and beverage industry would provide great opportunity to expand the application of various insect based derivative ingredients such as oil, paste, spices etc. across drinks, juices, energy bars etc. Micronutris and Innovafeed are major edible insect and insect protein producers in France and with rising awareness and suggestion about the health advantages of edible insects, number of new entrants is estimated to rise in coming years.
Key Deliverables
The application of edible insect and its derivative products across animal feed industry shares highest market share of 64% which is followed by food and fertilizer industries. Animal feed industry has recorded considerable change since last decade in terms of production, packaging and effectiveness due to constant research and development. The application of edible insect such as cricket, grasshopper, locust, caterpillar, beetles, etc. is growing due to significant protein content and other vital minerals such as magnesium, potassium and iron. Considering ever growing demand of insects across animal feed industry, its application is estimated to cross over $7.5 million by 2023, at a CAGR of 12.5% during the forecasting period. Similarly, fertilizer industry has also been growing as the demand of natural fertilizers is highly demanded over artificial ones in the country.
In France, due to highly developed protein industry and rising adoption of vegan and vegetarian lifestyle, the market of popular vegetable protein types such as wheat protein, rice protein, pea protein and soy protein is growing at a rapid rate and this is proving to be a major restraint to insect protein market. However, dietary supplements and beverage industry would provide great opportunity to expand the application of various insect based derivative ingredients such as oil, paste, spices etc. across drinks, juices, energy bars etc. Micronutris and Innovafeed are major edible insect and insect protein producers in France and with rising awareness and suggestion about the health advantages of edible insects, number of new entrants is estimated to rise in coming years.
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
