Insect Protein Market size to grow by USD 1,147.96 million from 2022 to 2027, Product diversification and innovation to be major market trends - Technavio

NEW YORK, June 5, 2023 /PRNewswire/ -- The insect protein market size is expected to increase by USD 1,147.96 million from 2022 to 2027. The market is estimated to register a CAGR of 31.84% , according to the latest research report from Technavio. Discover Packaged Foods & Meats industry potential and make informed business decisions based on qualitative and quantitative evidence highlighted in Technavio reports. View Sample Report!

The insect protein market covers the following areas:

• Insect Protein Market Sizing
• Insect Protein Market Forecast
• Insect Protein Market Analysis

Insect Protein Market - Vendor Landscape

There are a large number of companies operating in the highly competitive global insect protein market, ranging from small startups to major corporations. Although the market is still in the developing stage, it is expanding quickly, providing opportunities for both new players and long-standing competitors. The insect protein market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Vendor Offerings

• All Things Bugs LLC - The company offers insect protein such as Griopro Cricket powder.
• Aspire Food Group - The company offers insect protein for pets, aquaculture, and livestock.
• Beta Bugs Ltd. - The company offers insect proteins such as Hiper-Fly, and Just Fly.

For market's vendor landscape highlights with a comprehensive list of vendors and their offerings - View Sample in a minutes

Insect Protein Market - Key Market Segmentation

This insect protein market report extensively covers market segmentation by product (coleoptera, lepidoptera, hymenoptera, orthoptera, and others), application (animal nutrition, food and beverages, and pharmaceutical and supplements), and geography (Europe, North America, APAC, Middle East and Africa, and South America). 

• The market share growth by the coleoptera segment will be significant for overall market growth during the forecast period. Factors such as their health benefits, sustainability, and versatility, as well as by rising consumer awareness and the expanding food and feed sector drive the demand for this segment. Coleoptera, or beetles, which is the largest and fastest growing product segment, presents a promising market scenario as a product in the global insect protein market. Furthermore, the use of insects as a sustainable and different source of protein for humans has gained popularity in recent years. Hence, such factors drive segment growth during the forecast period.

View Sample Report in minutes of this report for more highlights into the market segments.

What's New? -

• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
• Global competitiveness and key competitor positions
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - Buy the report!

Insect Protein Market - Regional Market Outlook

• Europe is estimated to account for 33% of the growth of the global market during the forecast period. The regional insect protein market is expanding at a significant rate due to a number of factors. For instance, the investigation of alternative protein sources, such as insects, is being driven by the rising demand for sustainable and healthy food options. Insects are a more environmentally friendly option because they require considerably less land, water, and feed to produce insect protein in comparison to conventional livestock. Furthermore, insects are an extremely nutrient-dense food source. Hence, such factors drive regional market growth during the forecast period.

For more key highlights on the regional market share of most of the above-mentioned countries.- View Sample Report

Companies Mentioned

• All Things Bugs LLC
• Aspire Food Group
• Beta Bugs Ltd.
• Beta Hatch
• Bioflytech
• Chapul LLC
• Darling Ingredients Inc.
• Entomo Farms
• Global Bugs Asia Co. Ltd.
• Goterra
• HEXAFLY
• HiProMine S.A.
• Innovafeed SAS
• JR Unique Foods Ltd.
• MealFood Europe SL
• nextProtein SA
• Nutrition Technologies
• Protenga Pte. Ltd.
• Protix BV
• Ynsect SAS

Insect Protein Market - Market Dynamics

Drivers

• Increasing demand for sustainable protein sources is a major factor that drives the growth of the global insect protein market. 
• The demand for alternative protein sources, such as insect proteins, is increasing. In addition, the environmental awareness of the impacts of conventional animal husbandry is growing globally.
• Furthermore, along with deforestation, livestock farming is a major contributor to greenhouse gas emissions. This is because it consumes large amounts of land, water, feed, and other abundant resources.
• Cricket farming produces 2,000 times less water and emits 100 times less greenhouse gas emissions in comparison to beef production. Resultantly, insect farming tends to be more environmentally friendly.
• For instance, in comparison to conventional livestock like cows or pigs, insects such as crickets, which are frequently used to produce protein, require significantly less land, water, and feed.
• Hence, such factors drive the market growth of insect protein during the forecast period.

Challenges

• Inconsistency in government regulations related to insect proteins is a major challenge hindering the growth of the global insect protein market. 
• The harvesting and processing of insects for human consumption or animal feed are restricted or prohibited in certain regions, which limits market expansion.
• For instance, in Europe, the New Food Regulation, which has a long and complicated approval process, requires approval before insects can be used as food or feed.
• Furthermore, the U.S. Food and Drug Administration (FDA) provides limited information on insect consumption in food and feed, creating a situation of skepticism among insect protein manufacturers.
• Hence, such challenges impede market growth during the forecast period.

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Key Topics Covered:

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global insect protein market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on global insect protein market 2017 - 2021 ($ million)

• 4.2 Product Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ million)

• 4.3 Application Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Product

• 6.1 Market segments 
• Exhibit 30: Chart on Product - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Product - Market share 2022-2027 (%)

• 6.2 Comparison by Product 
• Exhibit 32: Chart on Comparison by Product
• Exhibit 33: Data Table on Comparison by Product

• 6.3 Coleoptera - Market size and forecast 2022-2027
• Exhibit 34: Chart on Coleoptera - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Coleoptera - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Coleoptera - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Coleoptera - Year-over-year growth 2022-2027 (%)

• 6.4 Lepidoptera - Market size and forecast 2022-2027
• Exhibit 38: Chart on Lepidoptera - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Lepidoptera - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Lepidoptera - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Lepidoptera - Year-over-year growth 2022-2027 (%)

• 6.5 Hymenoptera - Market size and forecast 2022-2027
• Exhibit 42: Chart on Hymenoptera - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Hymenoptera - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Hymenoptera - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Hymenoptera - Year-over-year growth 2022-2027 (%)

• 6.6 Orthoptera - Market size and forecast 2022-2027
• Exhibit 46: Chart on Orthoptera - Market size and forecast 2022-2027 ($ million)
• Exhibit 47: Data Table on Orthoptera - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Chart on Orthoptera - Year-over-year growth 2022-2027 (%)
• Exhibit 49: Data Table on Orthoptera - Year-over-year growth 2022-2027 (%)

• 6.7 Others - Market size and forecast 2022-2027
• Exhibit 50: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 51: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 53: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 6.8 Market opportunity by Product 
• Exhibit 54: Market opportunity by Product ($ million)
• Exhibit 55: Data Table on Market opportunity by Product ($ million)

7 Market Segmentation by Application

• 7.1 Market segments 
• Exhibit 56: Chart on Application - Market share 2022-2027 (%)
• Exhibit 57: Data Table on Application - Market share 2022-2027 (%)

• 7.2 Comparison by Application 
• Exhibit 58: Chart on Comparison by Application
• Exhibit 59: Data Table on Comparison by Application

• 7.3 Animal nutrition - Market size and forecast 2022-2027
• Exhibit 60: Chart on Animal nutrition - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Data Table on Animal nutrition - Market size and forecast 2022-2027 ($ million)
• Exhibit 62: Chart on Animal nutrition - Year-over-year growth 2022-2027 (%)
• Exhibit 63: Data Table on Animal nutrition - Year-over-year growth 2022-2027 (%)

• 7.4 Food and beverages - Market size and forecast 2022-2027 
• Exhibit 64: Chart on Food and beverages - Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Data Table on Food and beverages - Market size and forecast 2022-2027 ($ million)
• Exhibit 66: Chart on Food and beverages - Year-over-year growth 2022-2027 (%)
• Exhibit 67: Data Table on Food and beverages - Year-over-year growth 2022-2027 (%)

• 7.5 Pharmaceutical and supplements - Market size and forecast 2022-2027 
• Exhibit 68: Chart on Pharmaceutical and supplements - Market size and forecast 2022-2027 ($ million)
• Exhibit 69: Data Table on Pharmaceutical and supplements - Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Chart on Pharmaceutical and supplements - Year-over-year growth 2022-2027 (%)
• Exhibit 71: Data Table on Pharmaceutical and supplements - Year-over-year growth 2022-2027 (%)

• 7.6 Market opportunity by Application 
• Exhibit 72: Market opportunity by Application ($ million)
• Exhibit 73: Data Table on Market opportunity by Application ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 74: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 75: Chart on Market share by geography 2022-2027 (%)
• Exhibit 76: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 77: Chart on Geographic comparison
• Exhibit 78: Data Table on Geographic comparison

• 9.3 Europe - Market size and forecast 2022-2027
• Exhibit 79: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027
• Exhibit 83: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027
• Exhibit 87: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 91: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.7 South America - Market size and forecast 2022-2027
• Exhibit 95: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 99: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027
• Exhibit 103: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 104: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 105: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 UK - Market size and forecast 2022-2027
• Exhibit 107: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 108: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 109: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 110: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.11 South Korea - Market size and forecast 2022-2027
• Exhibit 111: Chart on South Korea - Market size and forecast 2022-2027 ($ million)
• Exhibit 112: Data Table on South Korea - Market size and forecast 2022-2027 ($ million)
• Exhibit 113: Chart on South Korea - Year-over-year growth 2022-2027 (%)
• Exhibit 114: Data Table on South Korea - Year-over-year growth 2022-2027 (%)

• 9.12 Germany - Market size and forecast 2022-2027
• Exhibit 115: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 116: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 117: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 118: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 119: Market opportunity by geography ($ million)
• Exhibit 120: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers 

• 10.2 Market challenges 

• 10.3 Impact of drivers and challenges 
• Exhibit 121: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends 

11 Vendor Landscape

• 11.1 Overview 

• 11.2 Vendor landscape 
• Exhibit 122: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 123: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 124: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 125: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 126: Matrix on vendor position and classification

• 12.3 All Things Bugs LLC 
• Exhibit 127: All Things Bugs LLC - Overview
• Exhibit 128: All Things Bugs LLC - Product / Service
• Exhibit 129: All Things Bugs LLC - Key offerings

• 12.4 Aspire Food Group 
• Exhibit 130: Aspire Food Group - Overview
• Exhibit 131: Aspire Food Group - Product / Service
• Exhibit 132: Aspire Food Group - Key offerings

• 12.5 Beta Bugs Ltd. 
• Exhibit 133: Beta Bugs Ltd. - Overview
• Exhibit 134: Beta Bugs Ltd. - Product / Service
• Exhibit 135: Beta Bugs Ltd. - Key offerings

• 12.6 Beta Hatch 
• Exhibit 136: Beta Hatch - Overview
• Exhibit 137: Beta Hatch - Product / Service
• Exhibit 138: Beta Hatch - Key offerings

• 12.7 Chapul LLC 
• Exhibit 139: Chapul LLC - Overview
• Exhibit 140: Chapul LLC - Product / Service
• Exhibit 141: Chapul LLC - Key offerings

• 12.8 Darling Ingredients Inc. 
• Exhibit 142: Darling Ingredients Inc. - Overview
• Exhibit 143: Darling Ingredients Inc. - Business segments
• Exhibit 144: Darling Ingredients Inc. - Key offerings
• Exhibit 145: Darling Ingredients Inc. - Segment focus

• 12.9 Entomo Farms 
• Exhibit 146: Entomo Farms - Overview
• Exhibit 147: Entomo Farms - Product / Service
• Exhibit 148: Entomo Farms - Key offerings

• 12.10 Global Bugs Asia Co. Ltd. 
• Exhibit 149: Global Bugs Asia Co. Ltd. - Overview
• Exhibit 150: Global Bugs Asia Co. Ltd. - Product / Service
• Exhibit 151: Global Bugs Asia Co. Ltd. - Key offerings

• 12.11 Goterra 
• Exhibit 152: Goterra - Overview
• Exhibit 153: Goterra - Product / Service
• Exhibit 154: Goterra - Key offerings

• 12.12 HEXAFLY 
• Exhibit 155: HEXAFLY - Overview
• Exhibit 156: HEXAFLY - Product / Service
• Exhibit 157: HEXAFLY - Key offerings

• 12.13 Innovafeed SAS 
• Exhibit 158: Innovafeed SAS - Overview
• Exhibit 159: Innovafeed SAS - Product / Service
• Exhibit 160: Innovafeed SAS - Key offerings

• 12.14 nextProtein SA 
• Exhibit 161: nextProtein SA - Overview
• Exhibit 162: nextProtein SA - Product / Service
• Exhibit 163: nextProtein SA - Key offerings

• 12.15 Nutrition Technologies 
• Exhibit 164: Nutrition Technologies - Overview
• Exhibit 165: Nutrition Technologies - Product / Service
• Exhibit 166: Nutrition Technologies - Key offerings

• 12.16 Protix BV 
• Exhibit 167: Protix BV - Overview
• Exhibit 168: Protix BV - Product / Service
• Exhibit 169: Protix BV - Key offerings

• 12.17 Ynsect SAS 
• Exhibit 170: Ynsect SAS - Overview
• Exhibit 171: Ynsect SAS - Product / Service
• Exhibit 172: Ynsect SAS - Key offerings

13 Appendix

• 13.1 Scope of the report 

• 13.2 Inclusions and exclusions checklist
• Exhibit 173: Inclusions checklist
• Exhibit 174: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 175: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 176: Research methodology
• Exhibit 177: Validation techniques employed for market sizing
• Exhibit 178: Information sources

• 13.5 List of abbreviations 
• Exhibit 179: List of abbreviations

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