PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1088319
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1088319
Global Insects Protein Market, By Type, By End User By Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa Trend Analysis, Competitive Market Share & Forecast, 2018-2028
Global Insects Protein Market to Grow at a CAGR of 23.1% during 2023-2028
Global Insects Protein Market is growing at a high rate because of the urbanization, rising disposable incomes, increasing shift in preference from animal protein to Insects Protein due to global concerns over scarcity of sources like land and water to breed animals in the future…
A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the Global Insects Protein Market was worth USD 201.4 million in the year 2022. It is estimated to grow at a CAGR of 23.1%, earning revenue of around USD 858.06 million by the end of 2028. The lucrative growth of the Global Insects Protein market is attributed to urbanization, the rising purchasing power of the consumer, expanding food and beverage industry, adoption of increasing consumption of Insects Protein snacks, and fast food, and protein supplements across the globe. Furthermore, Global Insects Protein is one of the most emerging markets that is growing continuously owing to its advantages such as high protein content, minerals like iron, zinc, sodium, potassium, and vitamins, less emission of gas and ammonia, and are a sustainable source for food that is good for humans and animal feed. However, to some consumers, Insects Protein is considered harmful, and allergic to consumption by humans as this is a new concept for many consumers and due to general neophobic tendencies, which is the main restraining factor of the Global Insects Protein market. Some consumers fear trying new alternatives of proteins because of a lack of awareness and their health concerns. According to Food and Research developments, Insect consumption is very healthy, nutritious, and safe for consumption by humans, as well as for animals. Many countries are already utilizing Insect Protein in the Food and Beverage industry as an alternative to animal protein and insect species are consumed in at least 113 countries. In western countries, Insects-based Protein bars, snacks, fast food, and dairy products, in general, are gaining huge popularity among consumers. Cricket Bars, Mealworms, and grasshopper meal have already carved a niche for themselves in the market due to their high protein and amino acid content. With increasing launches of different other Insect Protein Food, the Global Insects Protein market is anticipated to propel during the forecast period (2023-2028).
Based on Distributional Channel, the Global Insects Protein Market is segmented into Online Retail, Convenience Stores, Supermarkets/Hypermarkets, and others. The Online Retail segment accounts for the largest market share as the demand for Insects Protein increased enormously by the young generation's snack consumption, rising mobile usage, and a variety of Insects Protein food products available on Online websites, thereby, accelerating the growth of the Global Insects Protein market. Based on End-User, the Insects Protein market is segmented into Food and Beverages, Animal Feed, Pharmaceuticals, Cosmetics, and Protein Supplements. The Food and Beverages segment dominates the market owing to the increasing need for protein in food and beverages, also rising consumption of animal protein like meat, eggs, and milk compels manufacturers to use insect protein as an alternative to meet the protein demand followed by new products launches such as mealworm cookies, cricket pasta, bars, mixed insect snacks, honey caterpillar croquettes, candies, and other insect-based protein products.
Geographically, the Global Insects Protein Market is segmented into North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA). The Europe segment accounts to hold the largest share in the market owing to the higher population rate, increasing demand for Insects Protein food products in major markets of the UK, and Germany, and various growing research and development activities in this region are driving the market growth. The sudden outbreak of COVID-19 adversely affected the growth of the Global Insects Protein Market. Initially, the sales declined due to many productions being halted during the complete lockdown and people's concern about the transmission of viruses through animals or insects is the main reason for the rejection of insects-based protein food which declines the growth of the Insects Protein Market globally.
The leading market players in the Global Insects Protein market are Chapul Cricket Protein (US), Protifarm (Netherlands), Aspire Food Group (US), Swarm Nutrition GmbH (Germany), EntomoFarms (Canada), Jimini's (UK), Protix (Netherlands), Hexafly (Ireland),Ynsect (France), Innovafeed (France), EnviroFlight LLC (US), AgriProtein Holdings Ltd. (South Africa) and other prominent players.The Global Insects Protein market is highly consolidated with the presence of multinational Food and beverages companies. These companies constantly launch a wide range of products with innovations to attract consumers and so significantly invest in research and development activities to further innovate their offerings. Furthermore, the adoption of competitive strategies such as partnerships, mergers, acquisitions, collaborations, etc., is also prominent in this market.
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The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the Global Insects Protein Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Global Insect Protein market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
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Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Research Methodology
- 2.1. Qualitative Research
- 2.1.1. Primary & Secondary Research
- 2.2. Quantitative Research
- 2.3. Market Breakdown & Data Triangulation
- 2.3.1. Secondary Research
- 2.3.2. Primary Research
- 2.4. Breakdown of Primary Research Respondents, By Region
- 2.5. Assumption & Limitation
3. Executive Summary
4. Global Insects Protein Market Insights
- 4.1. Industry Value Chain Analysis
- 4.2. GROC Analysis
- 4.2.1. Growth Drivers
- 4.2.2. Restraints
- 4.2.3. Opportunities
- 4.2.4. Challenges
- 4.3. Technological Landscape/Recent Development
- 4.4. Regulatory Framework
- 4.5. Porter's Five Forces Analysis
- 4.5.1. Bargaining Power of Suppliers
- 4.5.2. Bargaining Power of Buyers
- 4.5.3. Threat of New Entrants
- 4.5.4. Threat of Substitutes
- 4.5.5. Intensity of Rivalry
5. Global Insects Protein Market Overview
- 5.1. Market Size & Forecast by Value, 2018-2028
- 5.1.1. By Value (USD Million)
- 5.2. Market Share & Forecast
- 5.2.1. ByType
- 5.2.1.1. Crickets
- 5.2.1.2. Bees
- 5.2.1.3. Ants
- 5.2.1.4. Black Soldier Files
- 5.2.1.5. Mealworms
- 5.2.1.6. Wasps
- 5.2.1.7. Grasshoppers
- 5.2.2. By Distribution Channel
- 5.2.3.1 Online Retail
- 5.2.3.2 Convenience Stores
- 5.2.3.3 Supermarkets/Hypermarkets
- 5.2.3.4 Others
- 5.2.3. By End-User
- 5.2.3.1. Food and Beverages
- 5.2.3.2. Animal Feed
- 5.2.3.3. Pharmaceuticals
- 5.2.3.4. Cosmetics
- 5.2.3.5. Protein Supplements
- 5.2.4. By Region
- 5.2.4.1. North America
- 5.2.4.2. Europe
- 5.2.4.3. Asia-Pacific
- 5.2.4.4. Latin America
- 5.2.4.5. Middle-East and Africa
- 5.2.1. ByType
6. North America Insects Protein Market
- 6.1. Market Size & Forecast by Value, 2018-2028
- 6.1.1. By Value (USD Million)
- 6.2. Market Share & Forecast
- 6.2.1. By Type
- 6.2.2. By Distribution Channel
- 6.2.3. By End-User
- 6.2.4. By Region
- 6.2.4.1. United States
- 6.2.4.2. Canada
7. Europe Insects Protein Market
- 7.1. Market Size & Forecast by Value, 2018-2028
- 7.1.1. By Value (USD Million)
- 7.2. Market Share & Forecast
- 7.2.1. By Type
- 7.2.2. By Distribution Channel
- 7.2.3. By End-User
- 7.2.4. By Region
- 7.2.4.1. Germany
- 7.2.4.2. United Kingdom
- 7.2.4.3. Italy
- 7.2.4.4. France
- 7.2.4.5. Spain
- 7.2.4.6. Rest of Europe
8. Asia Pacific Insects Protein Market
- 8.1. Market Size & Forecast by Value, 2018-2028
- 8.1.1. By Value (USD Million)
- 8.2. Market Share & Forecast
- 8.2.1. By Type
- 8.2.2. By Distribution Channel
- 8.2.3. By End-User
- 8.2.4. By Region
- 8.2.4.1. China
- 8.2.4.2. India
- 8.2.4.3. Japan
- 8.2.4.4. South Korea
- 8.2.4.5. Rest of Asia Pacific
9. Latin America Insects Protein Market
- 9.1. Market Size & Forecast by Value, 2018-2028
- 9.1.1. By Value (USD Million)
- 9.2. Market Share & Forecast
- 9.2.1. By Type
- 9.2.2. By Distribution Channel
- 9.2.3. By End-User
- 9.2.4. By Region
- 9.2.4.1. Brazil
- 9.2.4.2. Mexico
- 9.2.4.3. Rest of Latin America
10. Middle East & Africa Insects Protein Market
- 10.1. Market Size & Forecast by Value, 2018-2028
- 10.1.1. By Value (USD Million)
- 10.2. Market Share & Forecast
- 10.2.1. By Type
- 10.2.2. By Distribution Channel
- 10.2.3. By End-User
- 10.2.4. By Region
- 10.2.4.1. Saudi Arabia
- 10.2.4.2. UAE
- 10.2.4.3. South Africa
- 10.2.4.4. Rest of the Middle East & Africa
11. Competitive Landscape
- 11.1. List of Key Players and their Offerings
- 11.2. Market Share Analysis, 2021
- 11.3. Competitive Benchmarking, By Operating Parameters
- 11.4. Key Strategic Development (Merger, Acquisition, Partnership.)
12. Impact of COVID-19 on Insects ProteinIndustry
13. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **
- 13.1. Chapul Cricket Protein (US)
- 13.2. Protifarm (Netherlands)
- 13.3. Aspire Food Group (US)
- 13.4. Swarm Nutrition GmbH (Germany)
- 13.5. EntomoFarms (Canada)
- 13.6. Jimini's (UK)
- 13.7. Protix (Netherlands)
- 13.8. Hexafly (Ireland)
- 13.9. Ynsect (France)
- 13.10. Innovafeed (France)
- 13.11. EnviroFlight LLC (US)
- 13.12. AgriProtein Holdings Ltd. (South Africa)
- 13.13. Other prominent players.
14. Key Strategic Recommendations
List of Figures
- Figure 1 Global Insects Protein Market Segmentation
- Figure 2 Global Insects Protein Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2022
- Figure 4 Global Insects Protein Market Size, By Value (USD Million), 2018-2028
- Figure 5 Global Insects Protein Market Share, By Type, By Value, 2018-2028
- Figure 6 Global Insects Protein Market Share, By Region, By Value, 2018-2028
- Figure 7 Global Insects Protein Market Share, By End-User, By Value, 2018-2028
- Figure 8 Global Insects Protein Market Share, By Region, By Value, 2018-2028
- Figure 9 North America Insects Protein Market Size, By Value (USD Million), 2018-2028
- Figure 10 North America Insects Protein Market Share, By Type, By Value, 2018-2028
- Figure 11 North America Insects Protein Market Share, By Value, 2018-2028
- Figure 12 North America Insects Protein Market Share, By End-User, By Value, 2018-2028
- Figure 13 North America Insects Protein Market Share, By Country, By Value, 2018-2028
- Figure 14 Europe Insects ProteinSize, By Value (USD Million), 2018-2028
- Figure 15 Europe Insects Protein Share, By Type, By Value, 2018-2028
- Figure 16 Europe Insects Protein Market Share, By Value, 2018-2028
- Figure 17 Europe Insects Protein Market Share, By End-User, By Value, 2018-2028
- Figure 18 Europe Insects Protein Market Share, By Country, By Value, 2018-2028
- Figure 19 The Asia-Pacific Insects Protein Market Size, By Value (USD Million), 2018-2028
- Figure 20 The Asia-Pacific Insects ProteinProtein Market Share, By Product, By Value, 2018-2028
- Figure 21 The Asia-Pacific Insects Protein Market Share, By Value, 2018-2028
- Figure 22 The Asia-Pacific Insects Protein Market Share, By End-User, By Value, 2018-2028
- Figure 23 The Asia-Pacific Insects Protein Market Share, By Country, By Value, 2018-2028
- Figure 24 Latin America Insects Protein Market Size, By Value (USD Million), 2018-2028
- Figure 25 Latin America Insects Protein Market Share, By Product, By Value, 2018-2028
- Figure 26 Latin America Insects Protein Market Share, By Value, 2018-2028
- Figure 27 Latin America Insects Protein Market Share, By End-user, By Value, 2018-2028
- Figure 28 Latin America Insects Protein Market Share, By Country, By Value, 2018-2028
- Figure 29 The Middle East & Africa Insects Protein Market Size, By Value (USD Million), 2018-2028
- Figure 30 The Middle East & Africa Insects Protein Market Share, By Product, By Value, 2018-2028
- Figure 31 The Middle East & Africa Insects Protein Market Share, By Product, By Value, 2018-2028
- Figure 32 The Middle East & Africa Insects Protein Market Share, By Region, By Value, 2018-2028
- Figure 33 The Middle East & Africa Cultured Meat Market Share, By Country, By Value, 2018-2028
List of Tables
- Table 1 Global Insects Protein Market Size, By Product, By Value, 2018-2028
- Table 2 Global Insects Protein Market Size, By Value, 2018-2028
- Table 3 Global Insects Protein Market Size, By End-User, By Region, 2018-2028
- Table 4 Global Insects Protein Market Size, By Region, By Value, 2018-2028
- Table 5 North America Insects Protein Market Size, By Type, By Value, 2018-2028
- Table 6 North America Insects Protein Market Size, By Value, 2018-2028
- Table 7 North America Insects Protein Market Size, By End-User, By Value, 2018-2028
- Table 8 North America Insects Protein Market Size, By Country, By Value, 2018-2028
- Table 9 Europe Insects Protein Market Size, By Product, By Value, 2018-2028
- Table 10 Europe Insects Protein Market Size, By Distribution Channel, By Value, 2018-2028
- Table 11 Europe Insects Protein Market Size, By Value, 2018-2028
- Table 12 Europe Insects Protein Market Size, By Country, By Value, 2018-2028
- Table 13 The Asia-Pacific Insects Protein Market Size, By Value, 2018-2028
- Table 14 The Asia-Pacific Insects Protein Market Size, By Type, 2018-2028
- Table 15 The Asia-Pacific Insects Protein Market Size, By End-User, By Value, 2018-2028
- Table 16 The Asia-Pacific Insects Protein Market Size, By Country, By Value, 2018-2028
- Table 17 Latin America Insects Protein Market Size, By Type, By Value, 2018-2028
- Table 18 Latin America Insects Protein Market Size, By Value, 2018-2028
- Table 19 Latin America Insects Protein Market Size, By End-User, By Value, 2018-2028
- Table 20 Latin America Insects Protein Market Size, By Country, By Value, 2018-2028
- Table 21 The Middle East & Africa Insects Protein Market Size, By Category, By Value, 2018-2028
- Table 22 The Middle East & Africa Insects Protein Market Size, By Value, 2018-2028
- Table 23 The Middle East & Africa Insects Protein Market Size, By End-User, By Value, 2018-2028
- Table 24 The Middle East & Africa Insects Protein Market Size, By Country, By Value, 2018-2028
- Table 25 Chapul Cricket Protein (US) Company Overview
- Table 26 Chapul Cricket Protein (US) Financial Overview
- Table 27 Protifarm (Netherlands) Company Overview
- Table 28 Protifarm (Netherlands) Financial Overview
- Table 29 Aspire Food Group (US) Company Overview
- Table 30 Aspire Food Group (US) Financial Overview
- Table 31 Swarm Nutrition GmbH (Germany) Company Overview
- Table 32 Swarm Nutrition GmbH (Germany) Financial Overview
- Table 33 EntomoFarms (Canada)Company Overview
- Table 34 EntomoFarms (Canada)Financial Overview
- Table 35 Jimini's (UK)Company Limited (China) Company Overview
- Table 36 Jimini's (UK)Company Limited (China) Financial Overview
- Table 37 Protix (Netherlands) Company Overview
- Table 38 Protix (Netherlands) Financial Overview
- Table 39 Hexafly (Ireland) Overview
- Table 40 Hexafly (Ireland) Financial Overview
- Table 41 Ynsect (France) Company Overview
- Table 42 Ynsect (France) Financial Overview
- Table 43 Innovafeed (France) Company Overview
- Table 44 Innovafeed (France) Financial Overview
- Table 45 EnviroFlight LLC (US) Company Overview
- Table 46 EnviroFlight LLC (US) Financial Overview
- Table 47 AgriProtein Holdings Ltd. (South Africa) Company Overview
- Table 48 AgriProtein Holdings Ltd. (South Africa) Corporation Financial Overview
- Table 49 Other prominent players Company Overview
- Table 50 Other prominent players Financial Overview
