The global insect protein industry is expected to reach $3.3 billion by 2027

DUBLIN, October 7, 2022 /PRNewswire/ — The “Insect Protein Market by Insect Type (Cricket, Grasshopper, Ant, Mealworm, Black Soldier Fly and Other), Application (Food & Beverage, Animal Nutrition, Pharmaceuticals & Cosmetics) , distribution channel and region – Global The “Forecast to 2027” report has been added to from ResearchAndMarkets.com offer.

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The Insect Protein Market is Expected to Reach $3.3 billion by 2027, with a CAGR of 32.7% from 2022 to 2027. Insect protein is now becoming very popular among the young population, especially for sports nutrition. This is due to the increasing use of cricket flour in various nutritious food products. Government support and the presence of key manufacturers in this market has contributed to the growth of the insect protein market.

Insect proteins are in great demand in the application segment.

The insect protein market has been segmented on the basis of food and beverage applications, animal nutrition, and pharmaceuticals and cosmetics. The animal nutrition segment contributed the largest market share in 2022, followed by food & beverages and pharmaceuticals & cosmetics.

However, insect protein is mainly known for its nutritional characteristics and hence its application is directed towards food and feed industries. Growing concerns about pet health and the drive to spend more on pet food and medications among pet owners is further expected to drive the growth of the insect protein market. Among the animal nutrition segment, aquaculture feed is expected to account for the majority share of the insect protein market.

According to estimates by the Food and Agriculture Organization of the United Nations (FAO), by 2050 the demand for aquaculture will increase by 90% and its production will increase from 59.9 million (MT) in 2010 to 113.7 million (MT) in 2050, which is expected to drive the growth of the market.

Asia Pacific is expected to witness a growth of 33.21% over the forecast period in the insect protein market.

The insect protein market in the Asia Pacific growing at a CAGR of 33.21%. The Asia Pacific The region should position itself as one of the main consumers and producers of insect proteins. The lucrative opportunity offered by the region has encouraged multinational companies to start their operations in the region.

The hot and humid climate for most months of the year is one of the most promising conditions for good insect growth in this region. Emphasis is placed on corporate mergers, expansion, acquisition, partnership and new product development as strategic approaches taken by leading companies to build their brand presence among consumers.

Main topics covered:

1. Introduction

2 Research methodology

3 Executive summary

4 premium previews
4.1 Attractive Opportunities in the Market
4.2 Insect Protein Market: Growth Rate of Key Regional Submarkets
4.3 Europe: Insect Protein Market, By Key Type and Country
4.4 Insect Protein Market, by Insect Type
4.5 Insect Protein Market, by Application
4.6 Insect Protein Market, by Distribution Channel
4.7 Insect Protein Market, by Region

5 Market Overview
5.1 Presentation
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increase investment in R&D and start-ups
5.2.1.2 Increase in Demand for Alternative Proteins
5.2.1.3 Food security and sustainability
5.2.2 Constraints
5.2.2.1 Consumer disacceptance of insect protein
5.2.2.2 High cost
5.2.2.3 Microbial risk and allergic reactions
5.2.3 Opportunities
5.2.3.1 Defined regulations and government support
5.2.3.2 Collaborations of insect protein product manufacturers with retailers
5.2.3.3 Opportunities for Food Equipment Manufacturers in Insect Farming
5.2.4 Challenges
5.2.4.1 Negative effect of the vegan trend on the insect protein market

6 Industry trend
6.1 Price Analysis
6.2 Value chain
6.2.1 Product research and development
6.2.2 Insect breeding
6.2.3 Production and processing
6.2.4 Distribution
6.2.5 Marketing and sales
6.3 Pricing and regulatory landscape
6.3.1 Regulatory bodies, government agencies and other organizations
6.3.2 United States
6.3.2.1 Power application
6.3.2.2 Food application
6.3.3 Canada
6.3.4 Europe
6.3.5 Asia Pacific
6.4 Patent Analysis
6.5 Porter’s Five Forces Analysis

7 Insect Protein Market, By Insect Type
7.1 Presentation
7.2 Crickets
7.2.1 High acceptance in food industry due to high protein content
7.3 The black soldier flies
7.3.1 Increased use of black soldier fly larvae for food
7.4 Mealworms
7.4.1 Mealworm acceptance is gaining momentum in the animal feed industry
7.5 Grasshoppers
7.5.1 Protifarm (France) Marketing of food products containing grasshopper proteins Europe
7.6 Ants
7.6.1 Commercialization of insect proteins from ants for animal and human food
7.7 Other insects

8 Insect Protein Market, by Application
8.1 Presentation
8.2 Food and drink
8.2.1 High protein content has encouraged the American and European population to accept insect protein food products
8.3 Animal feed
8.3.1 Aquatic food
8.3.1.1 Most insect food protein products intended for aquatic feeding
8.3.2 Poultry feed
8.3.2.1 Food safety issue raised for soybean meal has led to increasing demand for insect protein
8.3.3 Pet food
8.3.3.1 Dogs and cats are the main pets fed insect protein products
8.3.4 Other animal feed
8.4 Pharmaceuticals & Cosmetics
8.4.1 High Prices and Need for Advanced Extraction and Purification Technologies Hamper Market Growth Potential

9 Insect Protein Market, By Distribution Channel
9.1 Presentation
9.2 Offline
9.3 Online

10 Insect Protein Market, by Region

11 Competitive landscape
11.1 Overview
11.2 Business Assessment Quadrant (Key Players)
11.2.1 Stars
11.2.2 Emerging Leaders
11.2.3 Ubiquitous Players
11.2.4 Participants
11.3 Key Player Ranking, 2021
11.4 Competitive Benchmarking
11.5 Competitive Benchmarking
11.6 Competitive Scenario
11.6.1 Product Launches
11.6.2 Offers
11.6.3 Other developments

12 company profiles
12.1 Key Players
12.1.1 Enviroflight
12.1.2 Innovafeed
12.1.3 Hexafly
12.1.4 Protix
12.1.5 Global Bugs
12.1.6 Entomo Farms
12.1.7 Insect
12.1.8 Beta Bugs
12.1.9 Aspire Food Group
12.1.10 Chapul, LLC
12.1.11 Beta outbreak
12.1.12 Nextprotein
12.1.13 Nutrition technologies
12.1.14 Goterra
12.1.15 All Things Bugs, LLC.
12.1.16 Jr Unique Foods
12.1.17 Protenga
12.1.18 Hipromine SA
12.1.19 Bioflytech
12.1.20 Tebrio

13 Adjacent and Related Markets

14 Appendix

For more information about this report visit https://www.researchandmarkets.com/r/qwbk4c

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