A latest published report on “Insect Protein Market” delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 155 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. An exclusive data offered in this report is collected by research and industry experts team.
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The Insect Protein Market is estimated to be valued at US$ 144 Million in 2019 and is projected to grow at a CAGR of 45.0%, recording a value of US$ 1,336 Nillion by 2025. This report spread across 155 pages, profiling 12 companies and supported with 84 tables and 36 figures is now available in this research.
#Key Players- AgriProtein Holdings Ltd (South Africa), EnviroFlight LLC (US), Innovafeed (France), Ÿnsect (France), Hexafly (Ireland), Protix (Netherlands), Aspire Food Group (US), EntomoFarms (Canada), Protifarm (Netherlands), Jimini’s (UK), Chapul Cricket Protein (US), Imago Insect Products GmbH (Germany).
Crickets are highly used in products such as powder and protein bar, due to their high availability and acceptability. The use of crickets is profitable in comparison with other livestock protein, owing to the reduced expenses associated with their rearing. They also contain nine essential amino acids, along with zinc, Vit. B12, iron, potassium, magnesium, sodium, and calcium. Cricket flour is an alternative for milk, as it contains a high amount of calcium.
Insect protein manufacturers are mainly focusing on catering to the dietary needs of animals used for agriculture and wildlife management. Insect protein products are fed to zoo and pet animals along with fish. According to the United Nations Food and Agriculture Organization (FAO), the production of animal proteins between 2010 and 2050 is expected to grow by around 1.7% annually. This is due to the growing demand for nutritious, healthy, and safe pet foods.
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The growing trend toward healthy eating and hybrid meat products are among the key drivers of the significantly accelerated traction within the European insect protein market. Increasing research and development in insect technology, and most importantly, the regulatory advancements supported by positive media coverage and greater availability of insect products have further created growth opportunities in this market.
Table of Contents in this report:
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.3.1 Regional Segmentation
1.3.2 Periodization Considered
1.3.3 Currency Considered
1.4 Unit Considered
1.5 Stakeholders
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Key Industry Insights
2.1.2.2 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.3 Data Triangulation
2.4 Research Assumptions
2.5 Limitations
3 Executive Summary
4 Premium Insights
4.1 Opportunities in this Market
4.2 Insect Protein Market, By Application and Region
4.3 Europe: Insect Protein Market
4.4 Insect Protein Market, By Insect Type
4.5 Market, By Key Country
5 Market Overview
5.1 Introduction
5.2 Macroeconomic Indicators
5.2.1 Growing Health Consciousness Among Consumers and Increasing Health Expenditure
5.2.2 Declining Fishmeal Production has Been Triggering Innovation in the Feed Industry
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Increasing Investments in RandD and Start-Ups
5.3.1.2 Increasing Demand for Alternate Protein
5.3.1.3 Food Security and Sustainability
5.3.2 Restraints
5.3.2.1 Consumer Acceptance
5.3.2.2 High Cost
5.3.2.3 Microbial Risk and Allergic Reactions
5.3.3 Opportunities
5.3.3.1 Defined Regulations and Government Support
5.3.3.2 Collaborations of Insect Protein-Based Product Manufacturers With Retailers to Increase Visibility and Awareness
5.3.3.3 Opportunities for Food Equipment Manufacturers in Insect Rearing
5.3.4 Challenges
5.3.4.1 Growing Vegan Trend
5.4 Regulatory Framework
5.4.1 US
5.4.1.1 Feed Application
5.4.1.2 Food Application
5.4.2 Canada
5.4.3 Europe
5.4.4 Southeast Asian Countries
5.5 Patent Analysis
6 Insect Protein Market, By Insect Type
6.1 Introduction
6.2 Crickets
6.2.1 High Acceptance in the Food Industry Due to their High Protein Content
6.3 Black Soldier Flies
6.3.1 Increasing Use of Black Soldier Fly Larvae for Feed Application
6.4 Mealworms
6.4.1 Acceptance of Mealworms Gaining Pace in the Feed Industry
6.5 Grasshoppers
6.5.1 Protifarm (France) Commercializing Food Products With Grasshopper Protein in Europe
6.6 Ants
6.6.1 Commercialization of Insect Protein From Ants for Feed and Food Applications
6.7 Others
7 Insect Protein Market, By Application
7.1 Introduction
7.2 Food and Beverages
7.2.1 High Protein Content has Encouraged American and European Population to Accept Insect Protein-Based Food Products
7.3 Animal Nutrition
7.3.1 Aquafeed
7.3.1.1 Nearly 90% of the Feed Insect Protein Products Developed Across the Globe are Directed Toward Aquafeed Application
7.3.2 Poultry Feed
7.3.2.1 Food Security Issue Raised for Soybean Meal has Led to the Increasing Demand for Insect Protein
7.3.3 Pet Food
7.3.3.1 Dogs and Cats are the Major Pets Fed With Insect Protein-Based Products
7.3.4 Others
7.4 Pharmaceutical and Cosmetics
7.4.1 High Prices and the Need for Advanced Extraction and Purification Technologies are Inhibiting the Growth Potential of the Market
8 Insect Protein Market: Impact Analysis
8.1 Impact Analysis of Insect Protein on Adjacent Applications
8.2 Impact Analysis of Insect Protein on Protein Ingredients
8.3 Impact Analysis of Insect Protein in Key Regions
9 Insect Protein Market, By Region
9.1 Introduction
9.2 North America
9.2.1 US
9.2.1.1 Increasing Government Regulations Help Manufacturers to Standardize the Manufacturing Process
9.2.2 Canada
9.2.2.1 Increasing Public and Private Support Drives the Insect Protein Market Growth
9.2.3 Mexico
9.2.3.1 Insect Protein Manufacturers Have Great Opportunity to Set Up their Insect Rearing Units in Mexico Due to Favorable Climatic Conditions With A View to Reduce Manufacturing Costs
9.3 Europe
9.3.1 France
9.3.1.1 Increasing Investments By Private Investors and Support From Government is Expected to Drive the Growth of the Insect Protein Market
9.3.2 Germany
9.3.2.1 Increasing Expansion of Insect Protein Manufacturers to Contribute to the Growth of the Insect Protein Market
9.3.3 Italy
9.3.3.1 High Aquafeed Production to Drive the Growth of the Insect Protein Market
9.3.4 Netherlands
9.3.4.1 Absence of Pre-Market Approval for Insect-Based Products Supports Manufacturers to Tap This Market
9.3.5 UK
9.3.5.1 Rising Collaboration of National Supermarket Chains With Insect Protein Manufacturers Have Widened the Opportunity in Food Industry
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Australia
9.4.1.1 The Number of Start-Ups Investing in Edible Insects and Insect Protein Products is Increasing in the Country
9.4.2 China
9.4.2.1 Insect Rearing is One of the Major Sources of Income in the Country Owing to Which there is Good Scope for the Insect Protein Market to Develop Here
9.4.3 Japan
9.4.3.1 Due to High Acceptance of Edible Insects, Many New Insect Protein Product-Based Manufacturers are Entering the Market
9.4.4 Thailand
9.4.4.1 Being One of the Major Players in the Organized Edible Insect Market, there is Great Opportunity for Insect Protein-Based Product Manufacturers to Establish their Presence in the Country
9.4.5 Malaysia
9.4.5.1 Due to Higher Acceptance of Edible Insects and Lower Prices of Insect Protein in the Country, there is Higher Growth Potential for the Insect Protein Market in Malaysia
9.4.6 Rest of Asia Pacific
9.5 Rest of the World
9.5.1 Brazil
9.5.1.1 Increasing Adoption of Black Soldier Fly Insect Protein in Poultry Feed
9.5.2 South Africa
9.5.2.1 Agriprotein (South Africa): A Major Company Manufacturing Insect Protein for Feed Application
9.5.3 Chile
9.5.3.1 Growing Adoption of Insect Protein for Sports Nutrition Among the Youth
9.5.4 Others
9.5.4.1 Growing Awareness About Insect Protein Among Animal Feed Manufacturers
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10 Competitive Landscape
10.1 Overview
10.2 Competitive Leadership Mapping (Feed Sector)
10.2.1 Dynamic Capitalizers
10.2.2 Innovators
10.2.3 Visionary Leaders
10.2.4 Emerging Companies
10.3 Strength of Product Portfolio
10.4 Business Strategy Excellence
10.5 Competitive Leadership Mapping (Food Sector)
10.5.1 Innovators
10.5.2 Visionary Leaders
10.5.3 Emerging Companies
10.6 Strength of Product Portfolio
10.7 Business Strategy Excellence
10.8 Competitive Scenario
10.8.1 New Product Launches
10.8.2 Expansions and Investments
10.8.3 Acquisitions
10.8.4 Collaborations, Partnerships, Agreements, and Joint Ventures
…..and More
Press Release Distributed by The Express Wire
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