Germany shares 7% of edible insect and insect protein market share in Europe. Germany is known for sustainable living. Population in the country are highly concerned about the preservation of environment and the country strongly condemns and advocates to support environment preservation policies in various global forums. The market revenue of edible insect and insect protein in Germany is presently estimated at $3.57 million in 2018 which is estimated to grow and capture the value of $6.04 million by 2023, registering a CAGR of 11.1% during the period of forecast. Major drivers of steadily growing insect industry in the country is growing demand of alternate protein and food sources with less carbon footprints, high demand of supplement products and occurrences of lactose intolerance and gluten sensitive among population.
The food industry has been significantly changing since past few years. Germans are more concerned about their health and are increasingly demanding food products that are high in nutrition and contains essential minerals and vitamins to maintain the body weight and fitness. People in Germany have been adopting green living since last decade. However, due to concern about the addition of artificial chemicals during farming and food processing, the demand of edible insect is slowly rising. Though, food industry shares low share of edible insect and insect protein market share but with rising recommendation from the food experts and health experts about the potential advantages of the consuming insects, increasing companies are bracing up to add insects as an ingredient for producing bakery products, confectionery items, juices and supplement products.
Animal feed contributes around 64% of total application of edible insect and insect protein in the country. Insects are found to contain important minerals and vitamins that are highly useful for the growth of various animals. Hence its demand as an ingredient for producing feed for various class of animals such as poultry, aquatic and pets is growing. Insects are also used for the production of fertilizers and also releases less greenhouse gases in the nature compared to artificial fertilizers. It also provides various advantages to the farmers in term of cost, yield and quality. Thus, the application of insects across fertilizer industry is also rising. Other applications of the edible insects include cosmetics, personal care and skin care products. There are not many major producers of edible insect and insect protein products in Germany, however with rising demand of the product, more number of companies are expected to enter in the industry.
Key Deliverables
The food industry has been significantly changing since past few years. Germans are more concerned about their health and are increasingly demanding food products that are high in nutrition and contains essential minerals and vitamins to maintain the body weight and fitness. People in Germany have been adopting green living since last decade. However, due to concern about the addition of artificial chemicals during farming and food processing, the demand of edible insect is slowly rising. Though, food industry shares low share of edible insect and insect protein market share but with rising recommendation from the food experts and health experts about the potential advantages of the consuming insects, increasing companies are bracing up to add insects as an ingredient for producing bakery products, confectionery items, juices and supplement products.
Animal feed contributes around 64% of total application of edible insect and insect protein in the country. Insects are found to contain important minerals and vitamins that are highly useful for the growth of various animals. Hence its demand as an ingredient for producing feed for various class of animals such as poultry, aquatic and pets is growing. Insects are also used for the production of fertilizers and also releases less greenhouse gases in the nature compared to artificial fertilizers. It also provides various advantages to the farmers in term of cost, yield and quality. Thus, the application of insects across fertilizer industry is also rising. Other applications of the edible insects include cosmetics, personal care and skin care products. There are not many major producers of edible insect and insect protein products in Germany, however with rising demand of the product, more number of companies are expected to enter in the 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
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
