Market Overview:
The global insect-based ingredients market is expected to grow at a CAGR of 9.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for healthy and sustainable food products, rising awareness about the benefits of insect-based ingredients, and growing investments by key players in R&D activities. In terms of type, the global insect-based ingredients market is segmented into tablets, powder, and liquid. The powder segment is expected to grow at a CAGR of 10.1% from 2018 to 2030 due to its high nutritional value and easy storage and transportation properties. In terms of application, the global insect-based ingredients market is segmented into cosmetics, dietary supplement, food additive, and other applications (including animal feed). The dietary supplement segment accounted for the largest share (39%) of the global insect-based ingredients market in 2017 owing to its numerous health benefits such as weight loss management and improved digestion.
Product Definition:
Insect-based ingredients are derived from insects. They are important because they provide a sustainable and renewable source of protein, fat, and other nutrients. Insects can be raised on very little land and with few inputs, making them an attractive option for food production.
Tablets:
Tablets are small containers that are mostly used for packaging solid or liquid ingredients. They can be made of several materials like plastics, glass, and aluminum among others.
Powder:
Powder is a dry form of the liquid insect-based ingredients are dissolved in. It is used to increase the solubility and absorption rate of these ingredients in topical products such as lotions, creams, ointments and shampoos. The most commonly used insect powder consists of locust bean gum, guar meal, xanthan gum and carrageenan gum which helps to provide stability to the finished product by preventing it from separating or settling.
Application Insights:
The other applications segment held the largest share of over 40.0% in 2017 and is expected to witness significant growth over the forecast period owing to increasing demand for products from various industries such as pharmaceutical, nutraceutical, and food additives. The segment also includes animal feed supplements which are manufactured using insects.
Insect-based ingredients are widely used in cosmetics due to their skin nourishing properties that help improve skin texture and reduce wrinkles caused due to aging process. Moreover, they help enhance skin elasticity which helps prevent sagging of facial muscles around eyes region known as crow¢â‚¬â„¢s feet (or arabeyes). These attributes make them suitable for use in anti-wrinkle creams & lotions along with skincare products like moisturizers & sun protection agents among others.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness considerable growth over the forecast period owing to increasing demand for dietary supplements and food additives. Rising consumer awareness regarding health, fitness, and nutrition along with growing preference for insect-based protein sources are projected to further propel product demand in North America.
Asia Pacific is anticipated to register significant growth over the forecast period owing to rising consumer interest towards nutritional products as a result of growing aging population coupled with increasing disposable income levels in emerging economies such as China and India. In addition, rapid industrialization has led consumers towards adopting western culture of living which has resulted into increased consumption of insect-based ingredients across various applications such as cosmetics, food additive etc., thereby driving regional market growth.
Growth Factors:
- Increasing demand for sustainable food products: The global population is expected to reach 9 billion by 2050, and with this growth, the demand for food is also expected to increase. Insect-based ingredients are a more sustainable option compared to traditional meat-based ingredients, as they require less land and water resources to produce. This makes them an attractive option for companies looking to reduce their environmental footprint.
- Rising awareness of health benefits: Insects are a rich source of protein and other nutrients, which has led to an increasing awareness of their health benefits among consumers. This has helped fuel the growth of the insect-based ingredients market in recent years.
- Growing popularity of insect cuisine: In recent years, there has been a growing trend towards eating insects as part of regular cuisine. This trend is particularly popular in developed countries such as Europe and North America, where consumers are becoming more adventurous with their food choices. As the popularity of insect cuisine grows, so too will demand for insect-based ingredients products accordingly .
Scope Of The Report
Report Attributes
Report Details
Report Title
Insect-Based Ingredients Market Research Report
By Type
Tablets, Powder, Liquid
By Application
Cosmetics, Dietary Supplement, Food Additive, Other Applications
By Companies
Ynsect, Protix, AgriProtein, Exo Inc., Nordic Insect Economy Ltd., Ento Tech, Enviro Flight LLC, Entomo Farms Ltd., Enterra Feed Corporation, Proti-Farm, Ynsect
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Insect-Based Ingredients Market Report Segments:
The global Insect-Based Ingredients market is segmented on the basis of:
Types
Tablets, Powder, Liquid
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Cosmetics, Dietary Supplement, Food Additive, Other Applications
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Ynsect
- Protix
- AgriProtein
- Exo Inc.
- Nordic Insect Economy Ltd.
- Ento Tech
- Enviro Flight LLC
- Entomo Farms Ltd.
- Enterra Feed Corporation
- Proti-Farm
- Ynsect
Highlights of The Insect-Based Ingredients Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Tablets
- Powder
- Liquid
- By Application:
- Cosmetics
- Dietary Supplement
- Food Additive
- Other Applications
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Insect-Based Ingredients Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Insect-based ingredients are those that are derived from insects. This includes things like honey, royal jelly, and silk.
Some of the major players in the insect-based ingredients market are Ynsect, Protix, AgriProtein, Exo Inc., Nordic Insect Economy Ltd., Ento Tech, Enviro Flight LLC, Entomo Farms Ltd., Enterra Feed Corporation, Proti-Farm, Ynsect.
The insect-based ingredients market is expected to register a CAGR of 9.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Insect-Based Ingredients Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Insect-Based Ingredients Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Insect-Based Ingredients Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Insect-Based Ingredients Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Insect-Based Ingredients Market Size & Forecast, 2018-2028
4.5.1 Insect-Based Ingredients Market Size and Y-o-Y Growth
4.5.2 Insect-Based Ingredients Market Absolute $ Opportunity
Chapter 5 Global Insect-Based Ingredients Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Insect-Based Ingredients Market Size Forecast by Type
5.2.1 Tablets
5.2.2 Powder
5.2.3 Liquid
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Insect-Based Ingredients Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Insect-Based Ingredients Market Size Forecast by Applications
6.2.1 Cosmetics
6.2.2 Dietary Supplement
6.2.3 Food Additive
6.2.4 Other Applications
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Insect-Based Ingredients Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Insect-Based Ingredients Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Insect-Based Ingredients Analysis and Forecast
9.1 Introduction
9.2 North America Insect-Based Ingredients Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Insect-Based Ingredients Market Size Forecast by Type
9.6.1 Tablets
9.6.2 Powder
9.6.3 Liquid
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Insect-Based Ingredients Market Size Forecast by Applications
9.10.1 Cosmetics
9.10.2 Dietary Supplement
9.10.3 Food Additive
9.10.4 Other Applications
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Insect-Based Ingredients Analysis and Forecast
10.1 Introduction
10.2 Europe Insect-Based Ingredients Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Insect-Based Ingredients Market Size Forecast by Type
10.6.1 Tablets
10.6.2 Powder
10.6.3 Liquid
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Insect-Based Ingredients Market Size Forecast by Applications
10.10.1 Cosmetics
10.10.2 Dietary Supplement
10.10.3 Food Additive
10.10.4 Other Applications
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Insect-Based Ingredients Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Insect-Based Ingredients Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Insect-Based Ingredients Market Size Forecast by Type
11.6.1 Tablets
11.6.2 Powder
11.6.3 Liquid
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Insect-Based Ingredients Market Size Forecast by Applications
11.10.1 Cosmetics
11.10.2 Dietary Supplement
11.10.3 Food Additive
11.10.4 Other Applications
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Insect-Based Ingredients Analysis and Forecast
12.1 Introduction
12.2 Latin America Insect-Based Ingredients Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Insect-Based Ingredients Market Size Forecast by Type
12.6.1 Tablets
12.6.2 Powder
12.6.3 Liquid
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Insect-Based Ingredients Market Size Forecast by Applications
12.10.1 Cosmetics
12.10.2 Dietary Supplement
12.10.3 Food Additive
12.10.4 Other Applications
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Insect-Based Ingredients Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Insect-Based Ingredients Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Insect-Based Ingredients Market Size Forecast by Type
13.6.1 Tablets
13.6.2 Powder
13.6.3 Liquid
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Insect-Based Ingredients Market Size Forecast by Applications
13.10.1 Cosmetics
13.10.2 Dietary Supplement
13.10.3 Food Additive
13.10.4 Other Applications
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Insect-Based Ingredients Market: Competitive Dashboard
14.2 Global Insect-Based Ingredients Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ynsect
14.3.2 Protix
14.3.3 AgriProtein
14.3.4 Exo Inc.
14.3.5 Nordic Insect Economy Ltd.
14.3.6 Ento Tech
14.3.7 Enviro Flight LLC
14.3.8 Entomo Farms Ltd.
14.3.9 Enterra Feed Corporation
14.3.10 Proti-Farm
14.3.11 Ynsect
