Insect Protein Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Insect protein is the powder gotten from dried creepy crawlies post the expulsion of oil from them. A portion of the eatable bugs wealthy in protein are insects, crickets, grasshoppers, dark officer fly. These bugs are a rich wellspring of protein and are being handled to frame insect protein powders that are utilized for human and creature nourishment. It is an appropriate elective wellspring of protein that is picking up request, for the most part in the feed business. Increasing threat of food insecurity i.e. shortages of food, or the growing prices of food products is expected to drive demand for insect protein in the future.

MARKET DYNAMICS

Insects are a rich wellspring of protein and yield higher protein content when contrasted with different creatures and plants. Rearing of edible insects at a business scale requires less assets, for example, land and feed. At first, insect protein was utilized as a fixing in creature feed as it were. Nonetheless, the rising mindfulness with respect to the high protein content in insect has enhanced its application in different ventures too. For example, advertise players are giving insect protein in powder structures to a few makers of food and drinks, pharmaceuticals, nutraceuticals, beauty care products, pet food, and animal feed. Insects having a place with various requests contain various measures of protein. Therefore, a few insects are being raised for their high protein content and are seeing an expanding number of utilizations as an elective wellspring of protein. As indicated by NCBI, in 2021 almost 33% of the U.S. populace showed action in purchasing insect based food items. In this manner, the raising need for new food choices having high nutritive incentive for both indirect as well as direct intake by people will incite the market demand.

MARKET SCOPE

The "Global Insect Protein Market Analysis to 2031" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the insect protein market with detailed market segmentation by insect type, application and geography. The global insect protein market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading insect protein market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global insect protein market is segmented on the basis of insect type and application. On the basis of insect type, the global insect protein market is segmented as crickets, black soldier flies, mealworms, ants, grasshoppers and others. By application the global insect protein market segmented into food and beverage, aimal nutrition and pharmaceutical.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global insect protein market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The insect protein market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the insect protein market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the insect protein market in these regions.

MARKET PLAYERS

The reports cover key developments in the insect protein market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from insect protein market are anticipated to lucrative growth opportunities in the future with the rising demand for insect protein in the global market. Below mentioned is the list of few companies engaged in the insect protein market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the insect protein market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   EnviroFlight, LCC
  
•   nextProtein
  
•   Thailand Unique
  
•   Proti-Farm Holding NV
  
•   Chapul, LLC
  
•   Cricket Flours LLC
  
•   Crik Nutrition
  
•   Seek Food LLC
  
•   Entomo Farms
  
•   Haocheng Mealworms Inc.
  
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Insect Protein Report Scope