Insect Protein Market – Size, Share, and Forecast (2019-2026)

SKU: DFB126 | Last Updated On: 2019-08-23 | No. of Pages: 247 | Available Formats

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Crickets are the new entrants into sustainable nutrition. Global food and agricultural giants are making bugs for humans and animals

Market Overview:

The demand for milk and meat products is rapidly growing with rising population across the globe. Animal derived food products are considered as rich source of protein and are extensively used in both human and animal diets. However, the rapidly growing demand and depletion of meat producing animals has motivated the need for alternative protein sources. Insect protein evolved as the effective source of protein for both food and feed applications. Several insect species including crickets, locusts, grasshoppers, ants, wasps, termites, beetles, and bees are used to extract protein. The global insect protein market valued USD XX billion in 2018 and is estimated to reach USD XX billion by 2026, growing at a CAGR of XX% during the forecast period.

Global Insect Protein Market Value (USD Mn), 2018-2026

Insect protein is on rise

Insects outrank pork, chicken, and beef in terms of protein content and provide very high feed conversion efficiency over animal and marine species and insects. Insects also has a rich concentration of minerals and vitamins that on consumption enhance the wellbeing of human beings. From supply side, insect rearing is more sustainable than pigs, poultry, and cattle in terms of land, feed and water utilization and emit significantly fewer greenhouse gasses, thus making it an effective alternative protein source to animal meat. As of 2018, The Food and Agriculture Organization of the United Nations documented more than 1,900 insect species as edible for human and animal consumption.

The major food processing companies across the globe are focusing towards use of insect protein as an ingredient in their formulations. Interest on sustainable procurement is also aiding for the growing demand for insect protein. Flour evolved as the major form of insect protein owing to its ease of use texture for food products. However, protein bars made of insect protein is on rise particularly in the U.S. and European nations. The market for insect protein bars is likely to grow at a CAGR of 42% till 2025.

Crickets are the widely used insect species for protein generation owing to its high feed conversion efficiency. According to The Food and Agriculture Organization of the United Nations, crickets require six times less feed than cattle, four times less than sheep, and twice less than pigs and broiler chickens to produce the same amount of protein. Cricket protein is commercially available in powder form and cricket protein based consumer products such as cricket ice creams, cricket granola, cricket meatballs, and cricket pasta are likely to gain consumer interest in near future.

Insect farming is on rise

The high nutritional value of insects is supporting the domestication of insect farming. Crickets, bees, and silkworms are the highly grown insect species for human nutrition. According to International Platform of Insects for Food and Feed (IPIFF), the global production of insects reached 6 thousand tonnes in 2018.

Several government and non-profit organizations such as IPIFF and Insect Protein Association of Australia (IPAA) are promoting the use of insect protein in food and feed application to reduce over-slaughtering of meat animals and depletion of natural resources. They are also focused on providing financial and marketing assistance to insect farmers, thus supporting the growth of insect farming. Furthermore, the technological advancements in the field of insect rearing and protein production is also boosting the growth of insect protein market. Insect farmers are focusing towards automation of their farms through adoption of robotics and data-driven technologies. For instance, in August 2017, Aspire Food Group launched its first automated cricket farm in the U.S.

Acquisitions are on rise

The emerging market of insect protein is likely to witness consolidation with the likes of global food giants. The high growth potential of the market is motivating companies such as McDonald's Corporation and Cargill, Incorporated towards direct entry into the business. Several acquisitions occurred in the recent times entrusted the market growth and growing competition in the market.

  • Aspire Food Group, a U.S. based manufacturer of human and animal grade cricket powder acquired Exo in March 2018. Exo is involved in the production of cricket protein bar. The acquisition, first of its kind marked the integration of value chain insect protein market. After acquisition, Exo started utilization of Aspire’s cricket powder for making its bars and Aspire has re-branded its Aketta line of cricket based products as Exo
  • In December 2018, AgriProtein that produces protein rich meal and oil from flies and larvae acquired Belgian insect feed company Millibeter to expand its business network in European region
  • In September 2017, Protix acquired Fair Insects BV, an insect breeding company involved in harvesting crickets, mealworms, and grasshoppers. The acquisition enabled Protix to enhance its product portfolio

The market is also witnessing business expansion activities from small to medium sized insect protein manufacturers across the globe. These companies are building new insect protein factories to increase their production capacity. For instance,

  • Vietnam based insect protein maker Entobel launched its production plant in March 2019. The company markets its insect protein for aquafarmers under the brand H-Meal.
  • Currently, Aspire Food Group is capable of producing over 30,000 pounds of cricket protein annually with an insect raising capacity of 22 million crickets per month. However, the company is planning to expand its production facility to meet the demand from its recently acquired subsidiary Exo

The growing competition is likely to result in a price decline for insect proteins resulting in increased access to local processed food and snacks manufacturers. Chips, protein shakes, and chocolates would be the high growth product segments for insect protein in near future.

Why Purchase the Report?

  • Understand the current market scenario and viability of insect protein market over the forecast period.
  • Visualize the composition of the global insect protein market in terms of insect type,  to identify major players, growth potential, and market strategies
  • Identify the key regulations prevailing in the market and understand their impact on the market over the forecast period
  • Understand the key business factors such as market competition, product pricing, new product developments, and patent filings pertaining in the market

Target Audience:

  • Food processing companies
  • Farming and Growers communities
  • Industry Investors/Investment Bankers
  • Education & Research Institutes
  • Research Professionals

 

 

 

Insect Protein Market

  1. Global Insect Protein Market -Scope and Methodology

    1. Research Methodology
    2. Scope of the Market
  2. Global Insect Protein Market -Key Trends and Developments

  3. Global Insect Protein Market – Executive Summary

    1. Market Snippet By Insect
    2. Market Snippet By Form
    3. Market Snippet By Nutrient
    4. Market Snippet By Geography
    5. DataM CLO Scenario
  4. Global Insect Protein Market – Market Dynamics

    1. Market impacting factors
      1. Drivers
        1. Rising demand for sustainable protein sources
      2. Restraints
        1. Lack of awareness towards insect farming
      3. Opportunities
    2. Impact analysis
  5. Global Insect Protein Market – Industry Analysis

    1. Porter's five forces analysis
    2. Supply chain analysis
    3. Pricing analysis
    4. Patent Analysis
    5. Regulatory Analysis
  6. Global Insect Protein Market – By Insect

    1. Market size analysis, and y-o-y growth analysis (%), By Insect segment
    2. Market attractiveness index, By Insect segment
      1. Orthoptera
        1. Crickets
        2. Grasshoppers
        3. Locusts
      2. Beetles
      3. Mealworms
      4. Cicadas
      5. Termites
      6. Bees
      7. Wasps
      8. Ants
      9. Others
  7. Global Insect Protein Market – By End Use Industry

    1. Market size analysis, and y-o-y growth analysis (%), By End User Industry Segment
    2. Market attractiveness index, By End User Industry Segment
      1. Food & Beverages
        1. Snacks
        2. Bars
        3. Chips
        4. Others
      2. Animal Feed
        1. Pet Food
        2. Cattle Feed
        3. Aqua Feed
        4. Others
  8. Global Insect Protein Market – By Region

    1. Introduction
    2. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Region
    3. Market Attractiveness Index, By Region
    4. North America
      1. Introduction
      2. Key region-specific dynamics
      3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Type
      4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Form
      5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Nutrient
      6. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
        1. U.S.
        2. Canada
        3. Mexico
    5. Europe
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Type
      4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Form
      5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Nutrient
      6. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
        1. Germany
        2. U.K.
        3. France
        4. Italy
        5. Spain
        6. Rest of Europe
    6. South America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Type
      4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Form
      5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Nutrient
      6. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
        1. Brazil
        2. Argentina
        3. Chile
        4. Rest of South America
    7. Asia Pacific
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Type
      4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Form
      5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Nutrient
      6. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
        1. China
        2. India
        3. Japan
        4. Australia & New Zealand
        5. Rest of Asia Pacific
    8. The Middle East And Africa
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Type
      4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Form
      5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Nutrient
  9. Global Insect Protein Market – Competitive Landscape

    1. Competitive scenario
    2. Competitor strategy analysis
    3. Comparative type portfolio analysis
    4. Market positioning/share analysis
    5. Mergers and acquisitions analysis
  10. Company Profiles

    1. Protifarm
      1. NV Company Overview
      2. Type Portfolio And Description
      3. Key Highlights
      4. Financial Overview
    2. Aspire Food Group
    3. Protix
    4. AgriProtein
    5. SAS Ynsect
    6. EntomoFarms
    7. Entobel
    8. nextProtein
    9. InnovaFeed SAS
    10. TOPINSECT
  11. Global Insect Protein Market – Premium Insights

  12. Global Insect Protein Market – DataM

    1. Appendix
    2. About us and services
    3. Contact us

LIST OF TABLES

Table 1 Global Insect Protein Market Value, By Insect, 2018,2022 & 2026 ($ Million)

Table 2 Global Insect Protein Market Value, By End Use Industry, 2018,2022 & 2026 ($ Million)

Table 3 Global Insect Protein Market Value, By Region, 2018,2022 & 2026 ($ Million)

Table 4 Global Insect Protein Market Value, By Insect, 2018,2022 & 2026 ($ Million)

Table 5 Global Insect Protein Market Value, By Insect, 2017-2026 ($ Million)

Table 6 Global Insect Protein Market Value, By End Use Industry, 2018,2022 & 2026 ($ Million)

Table 7 Global Insect Protein Market Value, By End Use Industry, 2017-2026 ($ Million)

Table 8 Global Insect Protein Market Value, By Region, 2018,2022 & 2026 ($ Million)

Table 9 Global Insect Protein Market Value, By Region, 2017-2026 ($ Million)

Table 10 North America Insect Protein Market Value, By Insect, 2017-2026 ($ Million)

Table 11 North America Insect Protein Market Value, By End Use Industry, 2017-2026 ($ Million)

Table 12 North America Insect Protein Market Value, By Country, 2017-2026 ($ Million)

Table 13 South America Insect Protein Market Value, By Insect, 2017-2026 ($ Million)

Table 14 South America Insect Protein Market Value, By End Use Industry, 2017-2026 ($ Million)

Table 15 South America Insect Protein Market Value, By Country, 2017-2026 ($ Million)

Table 16 Europe Insect Protein Market Value, By Insect, 2017-2026 ($ Million)

Table 17 Europe Insect Protein Market Value, By End Use Industry, 2017-2026 ($ Million)

Table 18 Europe Insect Protein Market Value, By Country, 2017-2026 ($ Million)

Table 19 Asia-Pacific Insect Protein Market Value, By Insect, 2017-2026 ($ Million)

Table 20 Asia-Pacific Insect Protein Market Value, By End Use Industry, 2017-2026 ($ Million)

Table 21 Asia-Pacific Insect Protein Market Value, By Country, 2017-2026 ($ Million)

Table 22 Middle East & Africa Insect Protein Market Value, By Insect, 2017-2026 ($ Million)

Table 23 Middle East & Africa Insect Protein Market Value, By End Use Industry, 2017-2026 ($ Million)

Table 24 Protifarm : Overview

Table 25 Protifarm : Product Portfolio

Table 26 Protifarm : Key Developments

Table 27 Aspire Food Group : Overview

Table 28 Aspire Food Group : Product Portfolio

Table 29 Aspire Food Group : Key Developments

Table 30 Protix: Overview

Table 31 Protix: Product Portfolio

Table 32 Protix: Key Developments

Table 33 AgriProtein: Overview

Table 34 AgriProtein: Product Portfolio

Table 35 AgriProtein: Key Developments

Table 36 SAS Ynsect: Overview

Table 37 SAS Ynsect: Product Portfolio

Table 38 SAS Ynsect: Key Developments

Table 39 EntomoFarms: Overview

Table 40 EntomoFarms: Product Portfolio

Table 41 EntomoFarms: Key Developments

Table 42 Entobel: Overview

Table 43 Entobel: Product Portfolio

Table 44 Entobel: Key Developments

Table 45 nextProtein: Overview

Table 46 nextProtein: Product Portfolio

Table 47 nextProtein: Key Developments

Table 48 InnovaFeed SAS: Overview

Table 49 InnovaFeed SAS: Product Portfolio

Table 50 InnovaFeed SAS: Key Developments

Table 51 TOPINSECT: Overview

Table 52 TOPINSECT: Product Portfolio

Table 53 TOPINSECT: Key Developments

LIST OF FIGURES

Figure 1 Global Insect Protein Market Share, By Insect, 2018 & 2026 (%)

Figure 2 Global Insect Protein Market Share, By End Use Industry, 2018 & 2026 (%)

Figure 3 Global Insect Protein Market Share, By Region, 2018 & 2026 (%)

Figure 4 Global Insect Protein Market Value, 2017-2026 ($ Million)

Figure 5 Global Insect Protein Market Y-o-Y Growth, By Insect, 2018-2026 (%)

Figure 6 Orthoptera: Global Insect Protein Market Value, 2017-2026 ($ Million)

Figure 7 Beetles: Global Insect Protein Market Value, 2017-2026 ($ Million)

Figure 8 Mealworms: Global Insect Protein Market Value, 2017-2026 ($ Million)

Figure 9 Cicadas: Global Insect Protein Market Value, 2017-2026 ($ Million)

Figure 10 Termites: Global Insect Protein Market Value, 2017-2026 ($ Million)

Figure 11 Bees: Global Insect Protein Market Value, 2017-2026 ($ Million)

Figure 12 Wasps: Global Insect Protein Market Value, 2017-2026 ($ Million)

Figure 13 Others: Global Insect Protein Market Value, 2017-2026 ($ Million)

Figure 14 Global Insect Protein Market Y-o-Y Growth, By End Use Industry, 2018-2026 (%)

Figure 15 Food & Beverages: Global Insect Protein Market Value, 2017-2026 ($ Million)

Figure 16 Animal Feed: Global Insect Protein Market Value, 2017-2026 ($ Million)

Figure 17 Global Insect Protein Market Y-o-Y Growth, By Region, 2018-2026 (%)

Figure 18 North America Insect Protein Market Value, 2017-2026 ($ Million)

Figure 19 North America Insect Protein Market Share, By Insect, 2018 & 2026 (%)

Figure 20 North America Insect Protein Market Share, By End Use Industry, 2018 & 2026 (%)

Figure 21 North America Insect Protein Market Share, By Country, 2018 & 2026 (%)

Figure 22 South America Insect Protein Market Value, 2017-2026 ($ Million)

Figure 23 South America Insect Protein Market Share, By Insect, 2018 & 2026 (%)

Figure 24 South America Insect Protein Market Share, By End Use Industry, 2018 & 2026 (%)

Figure 25 South America Insect Protein Market Share, By Country, 2018 & 2026 (%)

Figure 26 Europe Insect Protein Market Value, 2017-2026 ($ Million)

Figure 27 Europe Insect Protein Market Share, By Insect, 2018 & 2026 (%)

Figure 28 Europe Insect Protein Market Share, By End Use Industry, 2018 & 2026 (%)

Figure 29 Europe Insect Protein Market Share, By Country, 2018 & 2026 (%)

Figure 30 Asia-Pacific Insect Protein Market Value, 2017-2026 ($ Million)

Figure 31 Asia-Pacific Insect Protein Market Share, By Insect, 2018 & 2026 (%)

Figure 32 Asia-Pacific Insect Protein Market Share, By End Use Industry, 2018 & 2026 (%)

Figure 33 Asia-Pacific Insect Protein Market Share, By Country, 2018 & 2026 (%)

Figure 34 Middle East & Africa Insect Protein Market Value, 2017-2026 ($ Million)

Figure 35 Middle East & Africa Insect Protein Market Share, By Insect, 2018 & 2026 (%)

Figure 36 Middle East & Africa Insect Protein Market Share, By End Use Industry, 2018 & 2026 (%)

Figure 37 Protifarm : Financials

Figure 38 Aspire Food Group : Financials

Figure 39 Protix: Financials

Figure 40 AgriProtein: Financials

Figure 41 SAS Ynsect: Financials

Figure 42 EntomoFarms: Financials

Figure 43 Entobel: Financials

Figure 44 nextProtein: Financials

Figure 45 InnovaFeed SAS: Financials

Figure 46 TOPINSECT: Financials

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