Insect Farming- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Insect, By Product, By Application, By Region and Competition

Description

The global insect farming market is anticipated to grow at an impressive CAGR in the forecast period, 2024-2028. The market growth can be attributed to growing use of insects as an ingredient in foodstuffs across various cuisines. Edible insects are rich in proteins, healthy fats, iron, and calcium, and low in carbohydrates, even more nutritious than most consumed meats, such as beef, chicken, and others. Increasing greenhouse gas emissions from the livestock and poultry farming has led to a surge in need for finding cheap and sustainable protein alternatives, which is contributing to the growth of global insect farming market. Insect farming involves breeding, rearing, and harvesting of various types of insects that can be utilized for consumption purposes, and for the commodities they produce such as silk, honey, lac, and others.

Growing Adoption of Insects as Ideal Animal Feed

Insects such as are used in animal feed production as they provide nutritious feed ingredient, feed efficiency, and reproductive capacities. Insects are good sources of minerals and vitamins, such as calcium, iron, magnesium, phosphorus, vitamin B12, thiamine and riboflavin. Extensive research has shown that black soldier fly larvae can be used as an animal feed to pigs, fish, and chickens as a substitute for conventional protein feeds such as fish meal, and soybean meal. For instance, The American Association of Feed Control Officials, whose members control the sale and distribution of animal feeds in the U.S., has accepted the larvae as feed for poultry, certain fish, and pigs.

Rising Food Security Risks to Aid the Growth of Insect Farming Market

In recent years, the food security risks have increased globally due to shrinking of agricultural land which is resulting in food shortages and hike in prices of animal meat. Hence, insect farming is seen as a potential solution to meet the challenges related to food security. About 2000 insect species are eaten by the people across the world, mostly in tropical countries. They contain adequate protein quantity and quality, high content of unsaturated fatty acids and minerals Consumption of insects by humans has the potential to reduce hunger on a global scale as they are calorie dense as well as nutrient dense. For instance, almost 2 billion people across the world eat bugs on a regular basis which is over 25 percent of the world's population.

Rising Research and Development activities and Increasing Investments

Increasing investments by the private as well as public sector is bolstering the growth of the market. For instance, Protix, a producer of sustainable ingredients from insects, declared it has obtained $57.2 million investments from the European Circular Bioeconomy Fund (ECBF), the Prince Albert II Fund, BNP Paribas, and The Good Investors. The investments were also funded by the company's existing backers Aqua-Spark, Invest-NL, and Rabo Investments. Moreover, rise in research and development (R&D) activities is strengthening the growth of the market.

Market Segmentation

The global insect farming market is segmented by insect, product, application, and regional distribution. Based on insect, the market is divided into silkworms, honeybees, waxworms, lac insects, cochineal, crickets, others. Based on product, the market is divided whole insect, insect protein, insect oil, others. Based on application, the market is divided into silk, lac, honey, animal feed, food colorant, insect protein bars & protein shakes, insect baked products & snacks, others. In terms of country, the United States is expected to be a lucrative market in the forecast period due to rising number of tech startups in the country.

Market Players

Major players operating in the global insect farming market are Viscon Group, Buhler Insect Technology Solutions, Protenga Pte. Ltd., nextProtein SAS, NextAlim SAS, AgriProtein Holdings UK Ltd, Ynsect SAS, Thai Union Group, Deli Bugs Ltd., EntoCube Ltd., among others.

Report Scope:

In this report, global insect farming market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Insect Farming Market, By Insect:

Silkworms

Honeybees

Waxworms

Lac Insects

Cochineal

Crickets

Others

Insect Farming Market, By Product:

Whole Insect

Insect Protein

Insect Oil

Others

Insect Farming Market, By Application:

Silk

Lac

Honey

Animal Feed

Food Colorant

Insect Protein Bars & Protein Shakes

Insect Baked Products & Snacks

Others

Insect Farming Market, By Region:

North America

United States
Canada
Mexico

Asia-Pacific

China
India
Japan
South Korea
Australia
Singapore
Thailand

Europe & CIS

Germany
United Kingdom
France
Italy
Spain

South America

Brazil
Argentina
Colombia
Peru
Chile

Middle East & Africa

Saudi Arabia
South Africa
UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global insect farming market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Product Code: 14189

1. Product Overview

1.1. Market Definition
1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Research Data
- 2.3.1. Secondary Data
- 2.3.2. Primary Data
2.4. Market Size Estimation
- 2.4.1. Bottom-Up Approach
- 2.4.2. Top-Down Approach
2.5. Market Breakdown & Triangulation
2.6. Research Assumptions

3. Executive Summary

3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

4.1. Commonly Reared Insects
4.2. Commonly Used Method for Harvesting Insects
4.3. Demand, By Product
4.4. Brand Awareness

5. Global Insect Farming Market Outlook

5.1. Market Size & Forecast
- 5.1.1. By Value
5.2. Market Share & Forecast
- 5.2.1. By Insect (Silkworms, Honeybees, Waxworms, Lac Insects, Cochineal, Crickets, Others)
- 5.2.2. By Product (Whole Insect, Insect Protein, Insect Oil, Others)
- 5.2.3. By Application (Silk, Lac, Honey, Animal Feed, Food Colorant, Insect Protein Bars & Protein Shakes, Insect Baked Products & Snacks, Others)
- 5.2.4. By Region
- 5.2.5. By Company (2022)
5.3. Market Map
- 5.3.1. By Insect
- 5.3.2. By Product
- 5.3.3. By Application
- 5.3.4. By Region

6. North America Insect Farming Market Outlook

6.1. Market Size & Forecast
- 6.1.1. By Value
6.2. Market Share & Forecast
- 6.2.1. By Insect
- 6.2.2. By Product
- 6.2.3. By Application
- 6.2.4. By Country
6.3. Policy & Regulatory Landscape
6.4. North America: Country Analysis
- 6.4.1. United States Insect Farming Market Outlook
  - 6.4.1.1. Market Size & Forecast
    - 6.4.1.1.1. By Value
  - 6.4.1.2. Market Share & Forecast
    - 6.4.1.2.1. By Insect
    - 6.4.1.2.2. By Product
    - 6.4.1.2.3. By Application
- 6.4.2. Canada Insect Farming Market Outlook
  - 6.4.2.1. Market Size & Forecast
    - 6.4.2.1.1. By Value
  - 6.4.2.2. Market Share & Forecast
    - 6.4.2.2.1. By Insect
    - 6.4.2.2.2. By Product
    - 6.4.2.2.3. By Application
- 6.4.3. Mexico Insect Farming Market Outlook
  - 6.4.3.1. Market Size & Forecast
    - 6.4.3.1.1. By Value
  - 6.4.3.2. Market Share & Forecast
    - 6.4.3.2.1. By Insect
    - 6.4.3.2.2. By Product
    - 6.4.3.2.3. By Application

7. Europe Insect Farming Market Outlook

7.1. Market Size & Forecast
- 7.1.1. By Value
7.2. Market Share & Forecast
- 7.2.1. By Insect
- 7.2.2. By Product
- 7.2.3. By Application
- 7.2.4. By Country
7.3. Policy & Regulatory Landscape
7.4. Europe: Country Analysis
- 7.4.1. United Kingdom Insect Farming Market Outlook
  - 7.4.1.1. Market Size & Forecast
    - 7.4.1.1.1. By Value
  - 7.4.1.2. Market Share & Forecast
    - 7.4.1.2.1. By Insect
    - 7.4.1.2.2. By Product
    - 7.4.1.2.3. By Application
- 7.4.2. Germany Insect Farming Market Outlook
  - 7.4.2.1. Market Size & Forecast
    - 7.4.2.1.1. By Value
  - 7.4.2.2. Market Share & Forecast
    - 7.4.2.2.1. By Insect
    - 7.4.2.2.2. By Product
    - 7.4.2.2.3. By Application
- 7.4.3. France Insect Farming Market Outlook
  - 7.4.3.1. Market Size & Forecast
    - 7.4.3.1.1. By Value
  - 7.4.3.2. Market Share & Forecast
    - 7.4.3.2.1. By Insect
    - 7.4.3.2.2. By Product
    - 7.4.3.2.3. By Application
- 7.4.4. Italy Insect Farming Market Outlook
  - 7.4.4.1. Market Size & Forecast
    - 7.4.4.1.1. By Value
  - 7.4.4.2. Market Share & Forecast
    - 7.4.4.2.1. By Insect
    - 7.4.4.2.2. By Product
    - 7.4.4.2.3. By Application
- 7.4.5. Spain Insect Farming Market Outlook
  - 7.4.5.1. Market Size & Forecast
    - 7.4.5.1.1. By Value
  - 7.4.5.2. Market Share & Forecast
    - 7.4.5.2.1. By Insect
    - 7.4.5.2.2. By Product
    - 7.4.5.2.3. By Application

8. Asia-Pacific Insect Farming Market Outlook

8.1. Market Size & Forecast
- 8.1.1. By Value
8.2. Market Share & Forecast
- 8.2.1. By Insect
- 8.2.2. By Product
- 8.2.3. By Application
- 8.2.4. By Country
8.3. Policy & Regulatory Landscape
8.4. Asia-Pacific: Country Analysis
- 8.4.1. China Insect Farming Market Outlook
  - 8.4.1.1. Market Size & Forecast
    - 8.4.1.1.1. By Value
  - 8.4.1.2. Market Share & Forecast
    - 8.4.1.2.1. By Insect
    - 8.4.1.2.2. By Product
    - 8.4.1.2.3. By Application
- 8.4.2. Japan Insect Farming Market Outlook
  - 8.4.2.1. Market Size & Forecast
    - 8.4.2.1.1. By Value
  - 8.4.2.2. Market Share & Forecast
    - 8.4.2.2.1. By Insect
    - 8.4.2.2.2. By Product
    - 8.4.2.2.3. By Application
- 8.4.3. India Insect Farming Market Outlook
  - 8.4.3.1. Market Size & Forecast
    - 8.4.3.1.1. By Value
  - 8.4.3.2. Market Share & Forecast
    - 8.4.3.2.1. By Insect
    - 8.4.3.2.2. By Product
    - 8.4.3.2.3. By Application
- 8.4.4. South Korea Insect Farming Market Outlook
  - 8.4.4.1. Market Size & Forecast
    - 8.4.4.1.1. By Value
  - 8.4.4.2. Market Share & Forecast
    - 8.4.4.2.1. By Insect
    - 8.4.4.2.2. By Product
    - 8.4.4.2.3. By Application
- 8.4.5. Australia Insect Farming Market Outlook
  - 8.4.5.1. Market Size & Forecast
    - 8.4.5.1.1. By Value
  - 8.4.5.2. Market Share & Forecast
    - 8.4.5.2.1. By Insect
    - 8.4.5.2.2. By Product
    - 8.4.5.2.3. By Application
- 8.4.6. Singapore Insect Farming Market Outlook
  - 8.4.6.1. Market Size & Forecast
    - 8.4.6.1.1. By Value
  - 8.4.6.2. Market Share & Forecast
    - 8.4.6.2.1. By Insect
    - 8.4.6.2.2. By Product
    - 8.4.6.2.3. By Application
- 8.4.7. Thailand Insect Farming Market Outlook
  - 8.4.7.1. Market Size & Forecast
    - 8.4.7.1.1. By Value
  - 8.4.7.2. Market Share & Forecast
    - 8.4.7.2.1. By Insect
    - 8.4.7.2.2. By Product
    - 8.4.7.2.3. By Application

9. South America Insect Farming Market Outlook

9.1. Market Size & Forecast
- 9.1.1. By Value
9.2. Market Share & Forecast
- 9.2.1. By Insect
- 9.2.2. By Product
- 9.2.3. By Application
- 9.2.4. By Country
9.3. Policy & Regulatory Landscape
9.4. South America: Country Analysis
- 9.4.1. Brazil Insect Farming Market Outlook
  - 9.4.1.1. Market Size & Forecast
    - 9.4.1.1.1. By Value
  - 9.4.1.2. Market Share & Forecast
    - 9.4.1.2.1. By Insect
    - 9.4.1.2.2. By Product
    - 9.4.1.2.3. By Application
- 9.4.2. Argentina Insect Farming Market Outlook
  - 9.4.2.1. Market Size & Forecast
    - 9.4.2.1.1. By Value
  - 9.4.2.2. Market Share & Forecast
    - 9.4.2.2.1. By Insect
    - 9.4.2.2.2. By Product
    - 9.4.2.2.3. By Application
- 9.4.3. Colombia Insect Farming Market Outlook
  - 9.4.3.1. Market Size & Forecast
    - 9.4.3.1.1. By Value
  - 9.4.3.2. Market Share & Forecast
    - 9.4.3.2.1. By Insect
    - 9.4.3.2.2. By Product
    - 9.4.3.2.3. By Application

10. Middle East and Africa Insect Farming Market Outlook

10.1. Market Size & Forecast
- 10.1.1. By Value
10.2. Market Share & Forecast
- 10.2.1. By Insect
- 10.2.2. By Product
- 10.2.3. By Application
- 10.2.4. By Country
10.3. Policy & Regulatory Landscape
10.4. MEA: Country Analysis
- 10.4.1. South Africa Insect Farming Market Outlook
  - 10.4.1.1. Market Size & Forecast
    - 10.4.1.1.1. By Value
  - 10.4.1.2. Market Share & Forecast
    - 10.4.1.2.1. By Insect
    - 10.4.1.2.2. By Product
    - 10.4.1.2.3. By Application
- 10.4.2. Saudi Arabia Insect Farming Market Outlook
  - 10.4.2.1. Market Size & Forecast
    - 10.4.2.1.1. By Value
  - 10.4.2.2. Market Share & Forecast
    - 10.4.2.2.1. By Insect
    - 10.4.2.2.2. By Product
    - 10.4.2.2.3. By Application
- 10.4.3. UAE Insect Farming Market Outlook
  - 10.4.3.1. Market Size & Forecast
    - 10.4.3.1.1. By Value
  - 10.4.3.2. Market Share & Forecast
    - 10.4.3.2.1. By Insect
    - 10.4.3.2.2. By Product
    - 10.4.3.2.3. By Application

11. Market Dynamics

11.1. Drivers
- 11.1.1. Growing Adoption of Insects as Ideal Animal Feed
- 11.1.2. Rising Food Security Risks
- 11.1.3. Rising Research and Development activities and Increasing Investments
11.2. Challenges
- 11.2.1. Stringent Regulations and Negative Attitudes Toward Insects in Some Countries
- 11.2.2. Risk of Allergies due to Insect Consumption

12. Market Trends & Developments

12.1. Development of an Innovative Insect Feeding Machine.
12.2. Launch of New Production Facility for Mealworms
12.3. Rising Number of Mergers and Acquisitions

13. Global Insect Farming Market: SWOT Analysis

14. Competitive Landscape

14.1. Business Overview
14.2. Product Offerings
14.3. Recent Developments
14.4. Financials (In Case of Listed Companies)
14.5. Key Personnel
14.6. SWOT Analysis

Insect Farming- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Insect, By Product, By Application, By Region and Competition

Description

Table of Contents

Table of Contents

1. Product Overview

2. Research Methodology

3. Executive Summary

4. Voice of Customer

5. Global Insect Farming Market Outlook

6. North America Insect Farming Market Outlook

7. Europe Insect Farming Market Outlook

8. Asia-Pacific Insect Farming Market Outlook

9. South America Insect Farming Market Outlook

10. Middle East and Africa Insect Farming Market Outlook

11. Market Dynamics

12. Market Trends & Developments

13. Global Insect Farming Market: SWOT Analysis

14. Competitive Landscape

15. Strategic Recommendations