Insect Protein - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Insect Protein Market is accounted for $99.33 million in 2018 and is expected to reach $2452.88 million by 2027 growing at a CAGR of 42.8% during the forecast period. Increasing investments in R&D and start-ups, rising demand for alternate protein and growing health awareness among people coupled with athletes hunger are some of the factors fuelling the market growth. However, high cost and allergic reactions are restraining factors for the market.
Insect protein is a high quality protein which is available in varied forms such as insect protein powder and insect protein animal feed. Insects, plants, micro-organisms, and some species of fish produce antifreeze proteins. Whole insects, flour, and oil are the most commonly used insect protein products types. Rearing of edible insects at a commercial scale requires fewer resources, such as land and feed. Initially, insect protein was used as an ingredient in animal feed only.
Based on application, food & beverages segment is likely to have a huge demand across the world. Due to the increasing necessity of protein alternative among food & beverage manufacturers to fulfill the increasing demand of consumers, the adoption of insect protein has been growing in the food & beverages segment. By Geography, European and North American countries are going to have a lucrative growth during the forecast period due to increasing demand for production of traditional pork, beef, and chicken meat, insects are seriously considered as a source of animal protein.
Some of the key players profiled in the Insect Protein market include Ÿnsect, Protix, Protifarm, Jimini’s, Innovafeed, Imago Insect Products GmbH, Hexafly, Enviroflight Llc, Entomo Farms, Chapul Cricket Protein, Aspire Food Group and Agriprotein Holdings Ltd.
• Dragonflies (Odonata)
• Black Soldier Flies
• Beetles (Coleoptera)
• Caterpillars (Lepidoptera)
• Other Types
• Whole Insects
• Other Products
Distribution Channels Covered:
• Retail Stores
• Online Channels
• Human Nutrition
• Animal Nutrition
• Food & Beverages
• Pharmaceutical & Cosmetics
• Dietary Supplements
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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- Market share assessments for the regional and country level segments
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- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
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- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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