Market Overview:
The global insect protein market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for insect protein from the human consumption, animal nutrition, cosmetics and pharmaceutical applications. Insects are a rich source of proteins, vitamins, minerals and other nutrients that make them an excellent source of food for humans as well as animals. They are also low in fat and cholesterol levels which makes them an ideal choice for people looking for healthy food options. Additionally, rising awareness about the health benefits of consuming insects is driving their demand in the global market. Regionally, North America dominates the global insect protein market followed by Europe and Asia Pacific. This can be attributed to factors such as high disposable income levels in these regions coupled with rising awareness about healthy eating habits among consumers.
Product Definition:
Insect protein is a high-quality, sustainable and efficient source of animal protein. Insects are cold-blooded and have a high feed conversion efficiency, meaning they can turn feed into muscle mass more efficiently than other livestock. They also produce lower levels of greenhouse gases than traditional livestock farming methods.
Ants:
Ants are insects of the family Formicidae. There are more than 10,000 different species of ants and they live in every terrestrial biome except for the polar regions. Ants can be found all over the world, but only a few species occur in considerable numbers - these include Atta cephalotes, Camponotus spp., Epilachna spp., Myrmecophilus silasiei and Prenolepis imparatus.
Crickets:
Cricket is a small insect and the main source of protein for many insects such as locusts, grasshoppers, and katydids. Crickets are high in amino acids compared to other sources of insect protein such as silkworms and caterpillar. Protein content in crickets varies between 25% to 30% depending upon the feed quality.
Application Insights:
The human consumption segment dominated the global insect protein market in 2017, accounting for over 56% of the overall revenue share. The segment is expected to witness significant growth on account of increasing awareness regarding health and wellness among consumers. Increasing consumer preference for insect-based proteins as they are low in calories and rich in essential amino acids is likely to propel industry expansion over the forecast period.
Insects provide a high source of nutrition to farm animals as compared with other sources such as grains or soybean meal. Cricket flour is considered an excellent natural feed supplement for poultry owing to its high nutritional value and palatability which enables chickens, turkeys, ducks and geese consume it easily without any change in their diet habits or food preferences. Insect-based products such as cricket flour can be used efficiently by humans suffering from gluten allergies since these contain less amount of gluten than regular wheat does.
Regional Analysis:
North America insect protein market is expected to grow at a significant rate over the forecast period. The growth can be attributed to rising consumption of cricket flour as a source of nutrition and energy in countries, such as the U.S., Canada, and Mexico. Moreover, increasing awareness regarding health benefits associated with insects is projected to fuel demand for insect protein across North America during the forecast period.
Asia Pacific accounted for more than 30% share in 2016 owing to high production volume of mealworms and black soldier flies coupled with growing consumer awareness about nutritional diet among emerging economies such as China and India.
Growth Factors:
- Increasing awareness about the health benefits of insect protein is expected to drive the demand for insect protein over the forecast period.
- Growing population and rising income levels are anticipated to boost the demand for food products, which in turn is projected to fuel the growth of insect protein market.
- Rising trend of veganism and vegetarianism is expected to create opportunities for growth of insect protein market over the forecast period.
- Growing application areas of insect proteins such as in animal feed, dietary supplements, and human food are estimated to propel the growth of this market during forecast period .
Scope Of The Report
Report Attributes
Report Details
Report Title
Insect Protein Market Research Report
By Type
Ants, Crickets, Silkworms, Cicadas, Mealworms, Grasshoppers, Black Soldier Flies, Others
By Application
Human Consumption, Animal Nutrition, Cosmetics and Pharmaceutical
By Companies
Proti-Farm, Entomo Farms, JR Unique Foods, Nordic Insect Economy, Enviro Flight, Aspire Food Group, Crik Nutrition, Agriprotein Technologies, Bugsolutely, Kric8, Hargol Food Tech, Griopro
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
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Insect Protein Market Report Segments:
The global Insect Protein market is segmented on the basis of:
Types
Ants, Crickets, Silkworms, Cicadas, Mealworms, Grasshoppers, Black Soldier Flies, Others
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
Human Consumption, Animal Nutrition, Cosmetics and Pharmaceutical
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:
- Proti-Farm
- Entomo Farms
- JR Unique Foods
- Nordic Insect Economy
- Enviro Flight
- Aspire Food Group
- Crik Nutrition
- Agriprotein Technologies
- Bugsolutely
- Kric8
- Hargol Food Tech
- Griopro
Highlights of The Insect Protein 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:
- Ants
- Crickets
- Silkworms
- Cicadas
- Mealworms
- Grasshoppers
- Black Soldier Flies
- Others
- By Application:
- Human Consumption
- Animal Nutrition
- Cosmetics and Pharmaceutical
- 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 Protein 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 protein is a type of protein that comes from insects. Insects are a type of small, mobile creature that lives in the environment and eats other things. Some insect proteins are used to make food products, such as meat or eggs.
Some of the major companies in the insect protein market are Proti-Farm, Entomo Farms, JR Unique Foods, Nordic Insect Economy, Enviro Flight, Aspire Food Group, Crik Nutrition, Agriprotein Technologies, Bugsolutely, Kric8, Hargol Food Tech, Griopro.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Insect Protein Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Insect Protein Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Insect Protein Market - Supply Chain
4.5. Global Insect Protein Market Forecast
4.5.1. Insect Protein Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Insect Protein Market Size (000 Units) and Y-o-Y Growth
4.5.3. Insect Protein Market Absolute $ Opportunity
5. Global Insect Protein Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Insect Protein Market Size and Volume Forecast by Type
5.3.1. Ants
5.3.2. Crickets
5.3.3. Silkworms
5.3.4. Cicadas
5.3.5. Mealworms
5.3.6. Grasshoppers
5.3.7. Black Soldier Flies
5.3.8. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Insect Protein Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Insect Protein Market Size and Volume Forecast by Application
6.3.1. Human Consumption
6.3.2. Animal Nutrition
6.3.3. Cosmetics and Pharmaceutical
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Insect Protein Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Insect Protein Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Insect Protein Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Insect Protein Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Insect Protein Demand Share Forecast, 2019-2026
9. North America Insect Protein Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Insect Protein Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Insect Protein Market Size and Volume Forecast by Application
9.4.1. Human Consumption
9.4.2. Animal Nutrition
9.4.3. Cosmetics and Pharmaceutical
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Insect Protein Market Size and Volume Forecast by Type
9.7.1. Ants
9.7.2. Crickets
9.7.3. Silkworms
9.7.4. Cicadas
9.7.5. Mealworms
9.7.6. Grasshoppers
9.7.7. Black Soldier Flies
9.7.8. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Insect Protein Demand Share Forecast, 2019-2026
10. Latin America Insect Protein Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Insect Protein Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Insect Protein Market Size and Volume Forecast by Application
10.4.1. Human Consumption
10.4.2. Animal Nutrition
10.4.3. Cosmetics and Pharmaceutical
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Insect Protein Market Size and Volume Forecast by Type
10.7.1. Ants
10.7.2. Crickets
10.7.3. Silkworms
10.7.4. Cicadas
10.7.5. Mealworms
10.7.6. Grasshoppers
10.7.7. Black Soldier Flies
10.7.8. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Insect Protein Demand Share Forecast, 2019-2026
11. Europe Insect Protein Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Insect Protein Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Insect Protein Market Size and Volume Forecast by Application
11.4.1. Human Consumption
11.4.2. Animal Nutrition
11.4.3. Cosmetics and Pharmaceutical
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Insect Protein Market Size and Volume Forecast by Type
11.7.1. Ants
11.7.2. Crickets
11.7.3. Silkworms
11.7.4. Cicadas
11.7.5. Mealworms
11.7.6. Grasshoppers
11.7.7. Black Soldier Flies
11.7.8. Others
11.8 Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Insect Protein Demand Share, 2019-2026
12. Asia Pacific Insect Protein Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Insect Protein Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Insect Protein Market Size and Volume Forecast by Application
12.4.1. Human Consumption
12.4.2. Animal Nutrition
12.4.3. Cosmetics and Pharmaceutical
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Insect Protein Market Size and Volume Forecast by Type
12.7.1. Ants
12.7.2. Crickets
12.7.3. Silkworms
12.7.4. Cicadas
12.7.5. Mealworms
12.7.6. Grasshoppers
12.7.7. Black Soldier Flies
12.7.8. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Insect Protein Demand Share, 2019-2026
13. Middle East & Africa Insect Protein Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Insect Protein Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Insect Protein Market Size and Volume Forecast by Application
13.4.1. Human Consumption
13.4.2. Animal Nutrition
13.4.3. Cosmetics and Pharmaceutical
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Insect Protein Market Size and Volume Forecast by Type
13.7.1. Ants
13.7.2. Crickets
13.7.3. Silkworms
13.7.4. Cicadas
13.7.5. Mealworms
13.7.6. Grasshoppers
13.7.7. Black Soldier Flies
13.7.8. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Insect Protein Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Insect Protein Market: Market Share Analysis
14.2. Insect Protein Distributors and Customers
14.3. Insect Protein Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Proti-Farm
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Entomo Farms
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. JR Unique Foods
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Nordic Insect Economy
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Enviro Flight
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Aspire Food Group
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Crik Nutrition
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Agriprotein Technologies
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Bugsolutely
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Kric8
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Hargol Food Tech
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Griopro
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
