Food & Beverages / Insect Protein Market - Global Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions And By Key Players: Proti-Farm, Entomo Farms, JR Unique Foods, Nordic Insect Economy
Insect Protein Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Proti-Farm, Entomo Farms, JR Unique Foods, Nordic Insect Economy
The Insect Protein market size is estimated to reach USD 249.9 million by 2027 and it is expected to increase at a CAGR of 27.9% between 2022 and 2027.
Insect Protein Market Overview
Insects are an important element of the diets of approximately 2 billion people worldwide. Insects are a good source of vital fats, high-quality lipids, fibre, vitamins, and minerals including iron and calcium, in addition to their high protein content. Mealworms, black soldier flies, locusts, and crickets are the most commonly used insect protein producers. While lipids and by-products like chitin have significant potential in the pharmaceutical and bioplastic sectors, insect-based proteins are mostly employed in food, pet food, fish, and animal feed.
Growing consumer knowledge about the consumption of nutritional food products, as well as an increased inclination for a healthy lifestyle, are likely to drive demand for insect protein over the forecast period. Growing health consciousness among consumers throughout the world has raised demand for healthy and nutritious food products, presenting potential for producers across a wide range of industries to provide such products. As the world's population grows, so does the demand for food goods. Insect protein has a lot of potential in eliminating world hunger. Insect protein is used in a variety of goods, including animal feed, food and beverage, cosmetics, and personal care products. In addition, as global food scarcity grows, insects are being investigated as a new source of human sustenance.
Industry News and Updates
14 Apr 2021: Ÿnsect scales up global expansion with Protifarm acquisition --
Ÿnsect has acquired Protifarm, the global specialist in mealworm ingredients for human food applications. Their joint offering will accelerate manufacturing capabilities with a third production site as the company moves to deliver on its long-term strategy to offer natural, healthy and sustainable protein solutions.
What are the major Applications, Types and Regions for Insect Protein Market?
Market is segmented based on the type, applications, companies and regions.
By Type, it is segmented into
Ants
Crickets
Silkworms
Cicadas
Mealworms
Grasshoppers
Black Soldier Flies
Others
By Application, it is segmented into
Human Consumption
Animal Nutrition
Cosmetics and Pharmaceutical
Insect Protein Market Regional Analysis
Europe held the greatest market share in 2021 and is expected to continue to do so throughout the forecast period. Insect-based protein is a popular source of protein in the region. It is one of the most commonly used ingredients in food applications among Europe's elderly and middle-aged consumers. In the region, insect-based protein is mostly used for nutritional supplements. Europe, on the other hand, has yet to fully exploit its beverage potential. Growing demand for insect-based protein in major markets such as the United Kingdom and Germany, owing to the growing importance of fiber-fortified goods, is likely to favorably influence market growth, however at a slower rate due to industry maturity.
Insect protein is widely utilized in animal feed; nevertheless, demand for insect-based protein for human use is predicted to expand rapidly due to rising consumer health consciousness. Insect-based proteins are becoming more popular in feed products in Europe, Asia Pacific, and North America. The lack of effective rules governing the use of insect-based protein in the feed sector, on the other hand, could be a major impediment to the industry's expansion.
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Rest of the World
Middle East & Africa
Latin America
The Insect Protein Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Insect Protein Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
What is our Insect Protein Market report scope?
Report Attributes
Report Details
Forecast Period 2022 to 2027 CAGR
CAGR of 27.9% over the forecast period (2022-2027)
What are the significant types of Insect Protein Market?
Ants, Crickets, Silkworms, Cicadas, Mealworms, Grasshoppers, Black Soldier Flies, Others
What are the major end-use applications of Insect Protein Market?
Human Consumption, Animal Nutrition, Cosmetics and Pharmaceutical
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SECONDARY RESEARCH Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
