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The global market for insect protein is projected to grow from $0.13 billion in 2023 to $3.13 billion by the end of 2030, a CAGR of 35.4%.
The industry is emerging as a novel and interesting option, one that is fast attracting the attention of investors and consumers because to the growing global emphasis on sustainability and healthy living. It's obvious that the insect protein is not simply a fad, but a game-changing trend with staying power, given its enormous growth potential and unlimited options for innovation.The insect protein business has emerged as a fast rising industry with enormous potential as the globe strives to address the critical concerns of food security and environmental sustainability. Due to their high nutrient density and low environmental impact, insects can be used as a replacement for livestock. However, the business is still developing and confronts issues like regulatory difficulties and consumer anxiety. Nonetheless, the sector is set for exponential expansion as people everywhere learn about the environmental and health benefits of insect farming.
Protein from insects is superior to that from most other animals and plants. Producing protein from insects is more budget-friendly. Early on, the only application of insect protein was in animal feed. The high protein content of insects, however, has led to their widespread employment in many different industries. Food, drink, medicine, nutraceuticals, cosmetics, pet food, and animal and poultry feed are just some of the many goods that currently incorporate insect protein. Protein content in insects is species specific. The best option is insect-based protein.
Almost every nation on Earth has felt the effects of COVID 19. The worldwide expansion of the insect protein market was stunted by the lockdowns caused by COVID-19. Several difficulties arose in the food industry as a result of the epidemic, but the meat market took the most hit. The insect feed market has been plagued by worries about its ability to sustain its current level of production, supply, distribution, labor force size, and research and development efforts. After the COVID-19 epidemic expanded to 114 countries, the World Health Organization declared it a pandemic on 11 March 2020. Thus, people may alter their preferences in regards to foods derived from animals. As a result, experts predict that people will be less willing to try novel meals of animal origin, such as insects. There are worries that zoonotic illnesses could be transmitted to humans through insects used for food and feed. Viruses carried by insects have been shown to infect people when injected directly into the bloodstream, but it has not been confirmed that these viruses can be spread through eating infected insects.
As the global population rises, so does the demand for food, making insect protein an attractive solution to the problem of famine. Animal feed, food and drink, cosmetics, and personal care items are just some of the many uses for insect protein. In addition, as the prospect of global food scarcity increases, western countries are beginning to investigate insects as a novel source of human food and animal feed.
Due to the high degree of consumer awareness and the existence of health-conscious customers, the United States accounted for the biggest revenue share in the North American market in 2020. More than half of Americans are afflicted with at least one chronic illness, the majority of which can be avoided by avoiding unhealthy food and increasing exercise. As a result, there is a growing need across the country for nutritious and healthful dietary options.
In addition, modern shoppers are picky about what goes into their food and where it comes from, and they're willing to pay a premium for all-natural items. Key factors predicted to enhance market expansion throughout the forecast period include rising spending on functional food products, a rising number of sports and gym lovers, and consumers looking for healthy and sustainable food options.
As the need for protein amongst consumers increases, the global protein market is developing and expanding. Protein is ubiquitous in today's market, with products ranging from "meat" made from plants to "bioactive" dairy proteins marketed to athletes. Buyers' growing and intense fascination in protein has opened up promising new avenues for business, including discussions about the health advantages of consuming a wide variety of proteins, dietary protein diversity, and alternative protein sources. Protein is becoming more and more of a nutritional hotspot as the world population and standard of living continue to climb. Adoption of insect-based protein in the food and beverage industry has been on the rise due to the growing need for alternative protein among food and beverage businesses to meet rising customer demand.
Report Coverage
Global Insect Protein research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Insect Protein report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Insect Protein competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Insect Protein market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Insect Protein market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Insect Protein market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Aspire Food Group (US), EntomoFarms (Canada), Protifarm (Netherlands), Jimini’s (UK), Chapul Cricket Protein (US), Swarm Nutrition GmbH (Germany), AgriProtein Holdings Ltd. (South Africa), EnviroFlight LLC (US). Innovafeed (France), Ÿnsect (France), Hexafly (Ireland), Protix (Netherlands)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Insect Protein market based on the below-mentioned segments:
Global Insect Protein Market, By Insect Type
Crickets
Black Soldier Flies
Mealworms
Grasshoppers
Global Insect Protein market, By Application
Food & Beverages
Animal Nutrition
Aquafeed
Poultry Feed
Pet Food
Global Insect Protein Market, By Distribution Channel
Offline
Online
Global Insect Protein market, Regional Analysis
The industry is emerging as a novel and interesting option, one that is fast attracting the attention of investors and consumers because to the growing global emphasis on sustainability and healthy living. It's obvious that the insect protein is not simply a fad, but a game-changing trend with staying power, given its enormous growth potential and unlimited options for innovation.The insect protein business has emerged as a fast rising industry with enormous potential as the globe strives to address the critical concerns of food security and environmental sustainability. Due to their high nutrient density and low environmental impact, insects can be used as a replacement for livestock. However, the business is still developing and confronts issues like regulatory difficulties and consumer anxiety. Nonetheless, the sector is set for exponential expansion as people everywhere learn about the environmental and health benefits of insect farming.
Protein from insects is superior to that from most other animals and plants. Producing protein from insects is more budget-friendly. Early on, the only application of insect protein was in animal feed. The high protein content of insects, however, has led to their widespread employment in many different industries. Food, drink, medicine, nutraceuticals, cosmetics, pet food, and animal and poultry feed are just some of the many goods that currently incorporate insect protein. Protein content in insects is species specific. The best option is insect-based protein.
Almost every nation on Earth has felt the effects of COVID 19. The worldwide expansion of the insect protein market was stunted by the lockdowns caused by COVID-19. Several difficulties arose in the food industry as a result of the epidemic, but the meat market took the most hit. The insect feed market has been plagued by worries about its ability to sustain its current level of production, supply, distribution, labor force size, and research and development efforts. After the COVID-19 epidemic expanded to 114 countries, the World Health Organization declared it a pandemic on 11 March 2020. Thus, people may alter their preferences in regards to foods derived from animals. As a result, experts predict that people will be less willing to try novel meals of animal origin, such as insects. There are worries that zoonotic illnesses could be transmitted to humans through insects used for food and feed. Viruses carried by insects have been shown to infect people when injected directly into the bloodstream, but it has not been confirmed that these viruses can be spread through eating infected insects.
As the global population rises, so does the demand for food, making insect protein an attractive solution to the problem of famine. Animal feed, food and drink, cosmetics, and personal care items are just some of the many uses for insect protein. In addition, as the prospect of global food scarcity increases, western countries are beginning to investigate insects as a novel source of human food and animal feed.
Due to the high degree of consumer awareness and the existence of health-conscious customers, the United States accounted for the biggest revenue share in the North American market in 2020. More than half of Americans are afflicted with at least one chronic illness, the majority of which can be avoided by avoiding unhealthy food and increasing exercise. As a result, there is a growing need across the country for nutritious and healthful dietary options.
In addition, modern shoppers are picky about what goes into their food and where it comes from, and they're willing to pay a premium for all-natural items. Key factors predicted to enhance market expansion throughout the forecast period include rising spending on functional food products, a rising number of sports and gym lovers, and consumers looking for healthy and sustainable food options.
As the need for protein amongst consumers increases, the global protein market is developing and expanding. Protein is ubiquitous in today's market, with products ranging from "meat" made from plants to "bioactive" dairy proteins marketed to athletes. Buyers' growing and intense fascination in protein has opened up promising new avenues for business, including discussions about the health advantages of consuming a wide variety of proteins, dietary protein diversity, and alternative protein sources. Protein is becoming more and more of a nutritional hotspot as the world population and standard of living continue to climb. Adoption of insect-based protein in the food and beverage industry has been on the rise due to the growing need for alternative protein among food and beverage businesses to meet rising customer demand.
Report Coverage
Global Insect Protein research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Insect Protein report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Insect Protein competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Insect Protein market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Aspire Food Group (US), EntomoFarms (Canada), Protifarm (Netherlands), Jimini’s (UK), Chapul Cricket Protein (US), Swarm Nutrition GmbH (Germany), AgriProtein Holdings Ltd. (South Africa), EnviroFlight LLC (US). Innovafeed (France), Ÿnsect (France), Hexafly (Ireland), Protix (Netherlands) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Insect Protein Market from 2021 to 2030.
- Market Forecast for Insect Protein Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Insect Protein competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Insect Protein
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Insect Protein market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Insect Protein market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Aspire Food Group (US), EntomoFarms (Canada), Protifarm (Netherlands), Jimini’s (UK), Chapul Cricket Protein (US), Swarm Nutrition GmbH (Germany), AgriProtein Holdings Ltd. (South Africa), EnviroFlight LLC (US). Innovafeed (France), Ÿnsect (France), Hexafly (Ireland), Protix (Netherlands)
Primary Target Market
- Market Players of Insect Protein
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Insect Protein market based on the below-mentioned segments:
Global Insect Protein Market, By Insect Type
Crickets
Black Soldier Flies
Mealworms
Grasshoppers
Global Insect Protein market, By Application
Food & Beverages
Animal Nutrition
Aquafeed
Poultry Feed
Pet Food
Global Insect Protein Market, By Distribution Channel
Offline
Online
Global Insect Protein market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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