The desire of wealthy investors to invest in developing insect protein manufacturers is driving the development. According to the FAO, at least two billion people eat insect protein in different ways around the world. Shift in market demand for alternative sources of protein, increasing pattern of eating insect-based food, and simple availability of edible insects are some of main growth drivers.
Adroit Market Research study on the global market for Insect Protein offers a holistic view of the industry from 2020 to 2028 as forecast period, including factors such as market drivers, limitations, opportunities, threats and regulatory overview. The market has been analyzed from 2018 to 2028, with a base year estimate of 2019 and a projection from 2020 to 2028. The report covers the current status and potential characteristics of the market at both the global and the country level. Moreover, the report also assesses market competition with Porter's analysis of five strengths and places leading players on the basis of their product range, regional presence, strategic initiatives and overall sales. Prominent players in the global composite resin market have been analyzed in depth.
Low environmental stress and the nutritional advantages of insects are also expected to drive up demand. Flexitarians consume less meat and are also more concerned with food quality and sourcing, as are many who buy organic or adopt a paleo diet. This shift in food attitudes is supposed to open up new markets for the insect protein industry.
Grasshoppers, crickets, and locusts are also members of the Orthoptera insect order. Crickets, in particular, have a superior nutrient profile, containing approximately 65 percent protein and providing a total amino acid and critical protein profile. Cricket-derived protein products are increasingly being sold as alternatives to animal-based protein.
In contrast to animal-based protein ingredients, the production of these protein ingredients uses less water and releases less greenhouse gases. Protein ingredients derived from crickets are widely used in protein bars. These ingredients are commonly used as a powder to enhance the taste of protein bars.
- key players of global Insect Protein market report include- 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 (France), Chapul Cricket Protein (US), and Imago Insect Products GmbH (Germany).
Key Segments of the Global Insect Protein Market
Application Overview, 2018-2028 (USD Million)
- Food & beverages
- Animal nutrition
- Poultry feed
- Pet food
- Others (exotic pets, birds, and swine)
- Pharmaceutical & cosmetics
Insect Type Method, 2018-2028 (USD Million)
- Black soldier flies
Regional Overview, 2018-2028 (USD Million)
- Rest of Europe
- Rest of Asia-Pacific
Middle East and Africa
- South Africa
- Rest of Middle East and Africa
- Rest of South America