Meticulous Research® — leading global market research company published a research report titled ‘Insect Protein Market by Product (Whole Insect, Insect Powder, Insect Meal), Insect Type (Crickets, Black Soldier Fly, Mealworms), Application (Animal Feed, Protein Bar and Shakes, Bakery, Confectionery, Beverages), and Geography — Forecast to 2030.’
According to this latest publication from Meticulous Research®, in terms of value, the insect protein market is expected to record a CAGR of 28.4% from 2022–2030 to reach $9.46 billion by 2030. In terms of volume, the insect protein market is expected to record a CAGR of 31.5% from 2022–2030 to reach 3,028,468.3 tonnes by 2030. The growth of this market is driven by the high nutritional value of insects, increasing greenhouse gas emissions from the livestock industries, the environmental benefits of insect protein consumption, the rising demand for insect protein in the animal feed industry, and the low risk of transmitting zoonotic diseases with the consumption of insect proteins.
Factors such as the lack of a standardized regulatory framework, psychological and ethical barriers to consuming insects as food, and the risk of allergies due to insect consumption are expected to restrain the growth of this market. Furthermore, emerging economies are expected to provide significant growth opportunities for the players operating in this market. However, a lack of awareness regarding the benefits of insect consumption is expected to be a major challenge for the growth of this market.
The insect protein market is segmented based on product (whole insect, insect powder, insect meal), insect type (crickets, mealworms, black soldier flies, buffalo worms, grasshoppers, ants, silkworms, cicadas, and other insect proteins), application (food & beverages and feed), end use (human consumption and animal nutrition), and geography. The study also evaluates industry competitors and analyzes the market at the regional and country levels.
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Scope of the Report:
Insect Protein Market, by Product
- Whole Insects
- Insect Powder
- Insect Meal
Insect Protein Market, by Insect Type
- Crickets
- Black Soldier Flies
- Mealworms
- Buffalo Worms
- Grasshoppers
- Ants
- Silkworms
- Cicadas
- Other Insect proteins
Insect Protein Market, by Application
- Food & Beverages
- Processed Whole Insect
- Processed Insect Powder
- Protein Bars & Protein Shakes
- Baked Product & Snacks
- Insect Confectioneries
- Insect Beverages
- Other Food & Beverage Applications
- Feed
- Animal Feed
- Aquaculture Feed
- Pet Food
Insect Protein Market, by End Use
- Human Consumption
- Animal Nutrition
Insect protein Market, by Geography
- North America
- U.S.
- Canada
- Europe
- Netherlands
- Belgium
- France
- Denmark
- Finland
- Germany
- Rest of Europe (RoE)
- Asia-Pacific (APAC)
- Thailand
- China
- South Korea
- Vietnam
- Rest of APAC (RoAPAC)
- Latin America
- Middle East & Africa
- Middle East & Africa
This research report also analyzes major geographies and provides a comprehensive analysis of North America, Asia-Pacific, Latin America, and the Middle East & Africa. In 2022, Asia-Pacific is expected to account for the largest share of the insect protein market. The market growth in Asia-Pacific is attributed to factors such as the well-established commercial farming market for insects, especially in Thailand, the wide availability of various insects coupled with huge production, the positive attitude towards insects as food & feed in Southeast Asia, absence of regulatory barriers to using insects as food & feed, and the presence of key market players in the region.
Key Players
The key players operating in the insect protein market include Ÿnsect (SAS) (France), Protix B.V. (Netherlands), Enterra Feed Corporation (Canada), InnovaFeed (France), EnviroFlight, LLC (U.S.), Nutrition Technologies Group (Singapore), Entomo Farms (Canada), Hargol FoodTech (Israel), Aspire Food Group (U.S.), All Things Bugs LLC (U.S.), Beta Hatch (U.S.), EntoCube OY (Finland), Armstrong Crickets Georgia (U.S.), Global Bugs Asia Co., Ltd (Thailand), JR Unique Foods (Thailand), Cricket Lab Limited (U.K.), BioflyTech (Spain), TEBRIO (Spain), nextProtein (France), Hexafly (Ireland), HiProMine S.A. (Poland), and Protenga Pte. Ltd. (Singapore).
Download Free Sample PDF Copy Here: https://www.meticulousresearch.com/download-sample-report/cp_id=5267
Key Questions Answered in the Report-
- Which are the high-growth market segments in terms of product, insect type, application, end use, and region/country?
- What was the historical market size for insect protein across the globe?
- What are the market forecasts and estimates for 2022–2030?
- What are the major drivers, restraints, opportunities, and trends for the global insect protein market?
- Who are the major players in the global insect protein market?
- How is the competitive landscape, and who are the market leaders in the global insect protein market?
- What are the recent developments in the global insect protein market?
- What are the geographical trends and high-growth regions/countries?
- Who are the local emerging players in the global insect protein market, and how do they compete with the global players?
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