One Stop Solution For In-Depth Market Research Reports

詳細な市場調査レポートのワンストップソリューション

Home    >    AGRICULTURE AND ALLIED ACTIVITIES   >   Insect Protein Market

[ 英語タイトル ] Insect Protein Market by Insect Type (Crickets, Black Soldier Flies, Mealworms, Ants, and Grasshoppers), Application (Food & Beverages, Animal Nutrition (Aquafeed, Pet Food, and Poultry Feed), Pharmaceuticals & Cosmetics), Region – Global Forecast to 2025


Product Code : MNMAG00106998
Survey : MarketsandMarkets
Publish On : February, 2021
Category : Agriculture and Allied Activities
Study Area : Global
Report format : PDF
Sales price option (consumption tax not included)
Single User USD5650 / Question Form
5 User USD6650 / Question Form
Enterprise User USD10000 / Question Form

[Report Description]

“The insect protein market is projected to grow at a CAGR of 45.0%, in terms of value. The key drivers include increasing investments in R&D and start-ups and rising demand for alternative proteins.”

The insect protein market is estimated to be valued at USD 144 million in 2019 and is projected to grow at a CAGR of 45.0%, recording a value of USD 1,336 million by 2025. The growth of the insect protein market is driven by the willingness of multiple capital investors to invest with emerging insect protein manufacturers. This is due to the rising awareness about the benefits of insect protein and the necessity to develop alternative sources of protein to meet the rising global demand.

“The crickets segment in the insect protein market is projected to record the highest CAGR during the forecast period.”
Crickets are highly used in products such as powder and protein bar, due to their high availability and acceptability. The use of crickets is profitable in comparison with other livestock protein, owing to the reduced expenses associated with their rearing. They also contain nine essential amino acids, along with zinc, Vit. B12, iron, potassium, magnesium, sodium, and calcium. Cricket flour is an alternative for milk, as it contains a high amount of calcium.
Furthermore, researchers derive a similarity between crickets and shrimps since the digestibility of their protein is almost similar for humans. Also, crickets have been part of the traditional diet in Thailand, and Southeast Asian countries since ages, and hence, the chances of cricket allergy among humans have been observed to be the least. Owing to these reasons, the application of crickets is majorly targeted toward human nutrition.

“The animal nutrition segment held the largest share, by application, in the insect protein market in 2018.”
Insect protein manufacturers are mainly focusing on catering to the dietary needs of animals used for agriculture and wildlife management. Insect protein products are fed to zoo and pet animals along with fish. According to the United Nations Food and Agriculture Organization (FAO), the production of animal proteins between 2010 and 2050 is expected to grow by around 1.7% annually. This is due to the growing demand for nutritious, healthy, and safe pet foods. These factors are projected to drive market growth. Moreover, the growing concerns about pet health and willingness among pet owners to spend more on pet food products and medicines are projected to drive the market growth further.

“High growth is projected to be witnessed in the European insect protein market during the forecast period.”
The growing trend toward healthy eating and hybrid meat products are among the key drivers of the significantly accelerated traction within the European insect protein market. Increasing research and development in insect technology, and most importantly, the regulatory advancements supported by positive media coverage and greater availability of insect products have further created growth opportunities in this market. Majority of the companies in the insect protein market are headquartered in the European region with key players including Ÿnsect (France) and Protix (Netherlands) in the feed industry, and Protifarm (Netherlands), Wholi (Denmark), and Jimini’s (UK) in the food industry.
Break-up of Primaries:
 By Company Type: Tier 1 - 10 %, Tier 2 - 20%, and Tier 3 - 70%
 By Designation: C-level - 30%, D-level - 20%, and Others*- 50%
 By Region: Asia Pacific - 15%, Europe - 30%, North America- 30%, South America - 15%, and RoW - 10%
*Others include sales managers, marketing managers, and product managers.

Leading players profiled in this report:
• AgriProtein Holdings Ltd (South Africa)
• EnviroFlight LLC (US)
• Innovafeed (France)
• Ÿnsect (France)
• Hexafly (Ireland)
• Protix (Netherlands)
• Aspire Food Group (US)
• EntomoFarms (Canada)
• Protifarm (Netherlands)
• Jimini’s (UK)
• Chapul Cricket Protein (US)
• Imago Insect Products GmbH (Germany)
Research Coverage:
The report segments the insect protein market based on application, insect type, and region. In terms of insights, this report focuses on various levels of analyses—the competitive landscape, end-use analysis, and company profiles—which together comprise and discuss views on the emerging & high-growth segments of the global insect protein market, high-growth regions, countries, government initiatives, drivers, restraints, opportunities, and challenges.
Reasons to buy this report:
• To get a comprehensive overview of the insect protein market
• To gain wide-ranging information about the top players in this industry, their product portfolios, and key strategies adopted by them
• To gain insights about the major countries/regions in which the insect protein market is flourishing

TABLE OF CONTENTS

1 INTRODUCTION 17
1.1 OBJECTIVES OF THE STUDY 17
1.2 MARKET DEFINITION 17
1.3 STUDY SCOPE 18
1.3.1 REGIONAL SEGMENTATION 18
1.3.2 PERIODIZATION CONSIDERED 19
1.4 CURRENCY CONSIDERED 19
1.5 UNIT CONSIDERED 20
1.6 STAKEHOLDERS 20
2 RESEARCH METHODOLOGY 21
2.1 RESEARCH DATA 21
2.1.1 SECONDARY DATA 22
2.1.2 PRIMARY DATA 22
2.1.2.1 Key industry insights 22
2.1.2.2 Breakdown of Primary Interviews 23
2.2 MARKET SIZE ESTIMATION 23
2.3 DATA TRIANGULATION 25
2.4 RESEARCH ASSUMPTIONS 26
2.5 LIMITATIONS 27
3 EXECUTIVE SUMMARY 28
4 PREMIUM INSIGHTS 32
4.1 OPPORTUNITIES IN THE INSECT PROTEIN MARKET 32
4.2 INSECT PROTEIN MARKET, BY APPLICATION & REGION 32
4.3 EUROPE: INSECT PROTEIN MARKET 33
4.4 INSECT PROTEIN MARKET, BY INSECT TYPE 33
4.5 INSECT PROTEIN MARKET, BY KEY COUNTRY 34
5 MARKET OVERVIEW 35
5.1 INTRODUCTION 35
5.2 MACROECONOMIC INDICATORS 35
5.2.1 GROWING HEALTH CONSCIOUSNESS AMONG CONSUMERS AND INCREASING HEALTH EXPENDITURE 35
5.2.2 DECLINING FISHMEAL PRODUCTION HAS BEEN TRIGGERING INNOVATION IN THE FEED INDUSTRY 36

5.3 MARKET DYNAMICS 38
5.3.1 DRIVERS 38
5.3.1.1 Increasing Investments in R&D and Start-ups 38
5.3.1.2 Increasing Demand for Alternate Protein 40
5.3.1.3 Food Security & Sustainability 40
5.3.2 RESTRAINTS 42
5.3.2.1 Consumer Acceptance 42
5.3.2.2 High Cost 43
5.3.2.3 Microbial Risk and Allergic Reactions 43
5.3.3 OPPORTUNITIES 44
5.3.3.1 Defined Regulations and Government Support 44
5.3.3.2 Collaborations of Insect Protein-based Product Manufacturers with Retailers to Increase Visibility and Awareness 45
5.3.3.3 Opportunities for Food Equipment Manufacturers in Insect Rearing 45
5.3.4 CHALLENGES 46
5.3.4.1 Growing Vegan Trend 46
5.4 REGULATORY FRAMEWORK 47
5.4.1 US 47
5.4.1.1 Feed Application 47
5.4.1.2 Food Application 47
5.4.2 CANADA 48
5.4.3 EUROPE 48
5.4.4 SOUTHEAST ASIAN COUNTRIES 49
5.5 PATENT ANALYSIS 50
6 INSECT PROTEIN MARKET, BY INSECT TYPE 53
6.1 INTRODUCTION 54
6.2 CRICKETS 55
6.2.1 HIGH ACCEPTANCE IN THE FOOD INDUSTRY DUE TO THEIR HIGH PROTEIN CONTENT 55
6.3 BLACK SOLDIER FLIES 56
6.3.1 INCREASING USE OF BLACK SOLDIER FLY LARVAE FOR FEED APPLICATION 56
6.4 MEALWORMS 57
6.4.1 ACCEPTANCE OF MEALWORMS GAINING PACE IN THE FEED INDUSTRY 57
6.5 GRASSHOPPERS 58
6.5.1 PROTIFARM (FRANCE) COMMERCIALIZING FOOD PRODUCTS WITH GRASSHOPPER PROTEIN IN EUROPE 58
6.6 ANTS 59
6.6.1 COMMERCIALIZATION OF INSECT PROTEIN FROM ANTS FOR FEED AND FOOD APPLICATIONS 59
6.7 OTHERS 60

7 INSECT PROTEIN MARKET, BY APPLICATION 61
7.1 INTRODUCTION 62
7.2 FOOD & BEVERAGES 64
7.2.1 HIGH PROTEIN CONTENT HAS ENCOURAGED AMERICAN AND EUROPEAN POPULATION TO ACCEPT INSECT PROTEIN-BASED FOOD PRODUCTS 64
7.3 ANIMAL NUTRITION 65
7.3.1 AQUAFEED 67
7.3.1.1 Nearly 90% of the feed insect protein products developed across the globe are directed toward aquafeed application 67
7.3.2 POULTRY FEED 67
7.3.2.1 Food security issue raised for soybean meal has led to the increasing demand for insect protein 67
7.3.3 PET FOOD 68
7.3.3.1 Dogs and cats are the major pets fed with insect protein-based products 68
7.3.4 OTHERS 68
7.4 PHARMACEUTICAL & COSMETICS 68
7.4.1 HIGH PRICES AND THE NEED FOR ADVANCED EXTRACTION AND PURIFICATION TECHNOLOGIES ARE INHIBITING THE GROWTH POTENTIAL OF THE MARKET 68
8 INSECT PROTEIN MARKET: IMPACT ANALYSIS 70
8.1 IMPACT ANALYSIS OF INSECT PROTEIN ON ADJACENT APPLICATIONS 70
8.2 IMPACT ANALYSIS OF INSECT PROTEIN IN KEY REGIONS 74
9 INSECT PROTEIN MARKET, BY REGION 75
9.1 INTRODUCTION 76
9.2 NORTH AMERICA 77
9.2.1 US 80
9.2.1.1 Increasing government regulations help manufacturers to standardize the manufacturing process 80
9.2.2 CANADA 82
9.2.2.1 Increasing public and private support drives the insect protein market growth 82
9.2.3 MEXICO 83
9.2.3.1 Insect protein manufacturers have great opportunity to set up their insect rearing units in Mexico due to favorable climatic conditions with a view to reduce manufacturing costs 83
9.3 EUROPE 84
9.3.1 FRANCE 88
9.3.1.1 Increasing investments by private investors and support from government is expected to drive the growth of the insect protein market 88
9.3.2 GERMANY 89
9.3.2.1 Increasing expansion of insect protein manufacturers to contribute to the growth of the insect protein market 89
9.3.3 ITALY 90
9.3.3.1 High aquafeed production to drive the growth of the insect protein market 90
9.3.4 THE NETHERLANDS 91
9.3.4.1 Absence of pre-market approval for insect-based products supports manufacturers to tap this market 91
9.3.5 UK 93
9.3.5.1 Rising collaboration of national supermarket chains with insect protein manufacturers have widened the opportunity in food industry 93
9.3.6 REST OF EUROPE 94
9.4 ASIA PACIFIC 95
9.4.1 AUSTRALIA 97
9.4.1.1 The number of start-ups investing in edible insects and insect protein products is increasing in the country 97
9.4.2 CHINA 98
9.4.2.1 Insect rearing is one of the major sources of income in the country owing to which there is good scope for the insect protein market to develop here 98
9.4.3 JAPAN 99
9.4.3.1 Due to high acceptance of edible insects, many new insect protein product-based manufacturers are entering the market 99
9.4.4 THAILAND 100
9.4.4.1 Being one of the major players in the organized edible insect market, there is great opportunity for insect protein-based product manufacturers to establish their presence in the country 100
9.4.5 MALAYSIA 101
9.4.5.1 Due to higher acceptance of edible insects and lower prices of insect protein in the country, there is higher growth potential for the insect protein market in Malaysia 101
9.4.6 REST OF ASIA PACIFIC 102
9.5 REST OF THE WORLD 103
9.5.1 BRAZIL 106
9.5.1.1 Increasing adoption of black soldier fly insect protein in poultry feed 106
9.5.2 SOUTH AFRICA 107
9.5.2.1 AgriProtein (South Africa): A major company manufacturing insect protein for feed application 107
9.5.3 CHILE 108
9.5.3.1 Growing adoption of insect protein for sports nutrition among the youth 108
9.5.4 OTHERS 109
9.5.4.1 Growing awareness about insect protein among animal feed manufacturers 109

10 COMPETITIVE LANDSCAPE 110
10.1 OVERVIEW 110
10.2 COMPETITIVE LEADERSHIP MAPPING (FEED SECTOR) 111
10.2.1 DYNAMIC CAPITALIZERS 111
10.2.2 INNOVATORS 111
10.2.3 VISIONARY LEADERS 111
10.2.4 EMERGING COMPANIES 111
10.3 STRENGTH OF PRODUCT PORTFOLIO 114
10.4 BUSINESS STRATEGY EXCELLENCE 115
10.5 COMPETITIVE LEADERSHIP MAPPING (FOOD SECTOR) 115
10.5.1 INNOVATORS 115
10.5.2 VISIONARY LEADERS 115
10.5.3 EMERGING COMPANIES 116
10.6 STRENGTH OF PRODUCT PORTFOLIO 117
10.7 BUSINESS STRATEGY EXCELLENCE 118
10.8 COMPETITIVE SCENARIO 119
10.8.1 NEW PRODUCT LAUNCHES 119
10.8.2 EXPANSIONS & INVESTMENTS 120
10.8.3 ACQUISITIONS 122
10.8.4 COLLABORATIONS, PARTNERSHIPS, AGREEMENTS, AND JOINT VENTURES 123
11 COMPANY PROFILES 124
(Business overview, Products offered, Recent Developments, SWOT analysis, MNM view)*
11.1 INSECT PROTEIN – FEED APPLICATION 124
11.1.1 AGRIPROTEIN HOLDINGS LTD. 124
11.1.2 ENVIROFLIGHT LLC 127
11.1.3 INNOVAFEED 129
11.1.4 ŸNSECT 131
11.1.5 HEXAFLY 133
11.1.6 PROTIX 134
11.2 INSECT PROTEIN – FOOD APPLICATION 136
11.2.1 JIMINI’S 136
11.2.2 ENTOMO FARMS 139
11.2.3 ASPIRE FOOD GROUP 141
11.2.4 PROTIFARM 143
11.2.5 CHAPUL CRICKET PROTEIN 144
11.2.6 IMAGO INSECT PRODUCTS GMBH 146
*Details on Business overview, Products offered, Recent Developments, SWOT analysis, MNM view might not be captured in case of unlisted companies.

12 APPENDIX 147
12.1 DISCUSSION GUIDE 147
12.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 150
12.3 AVAILABLE CUSTOMIZATIONS 152
12.4 RELATED REPORTS 152
12.5 AUTHOR DETAILS 153

渋谷データカウント

渋谷データカウントは、最も信頼性が高く最新の調査分析レポートを確実に提供する経験豊富な調査専門家のグローバルチームが提供する、さまざまな業界のさまざまな市場調査レポートを提供する再販代理店です。

Recommended reports

+