Insect Protein Market

Insect Protein Market by Insect Type (Crickets, Black Soldier Flies, Mealworms, Ants, and Grasshoppers), Application (Food & Beverages, Animal Nutrition (Aquafeed, Pet Food, and Poultry Feed), Pharmaceuticals & Cosmetics), Region – Global Forecast to 2025

Report Code: AGI 7253 Jul, 2019, by marketsandmarkets.com

[153 Pages Report] The insect protein market is projected to reach USD 1,336 million by 2025, from USD 144 million in 2019, at a CAGR of 45.0 % during the forecast period. Factors driving the market include the shift in preferences from animal protein to alternative proteins such as insect protein due to the increased concerns over future sustainability, and increased public and private support for new insect protein research projects in both developed and developing economies.

Insect Protein Market

By application, the food & beverages segment is projected to grow at the highest CAGR during the forecast period

Due to the rising necessity of protein alternatives among food & beverage manufacturers to fulfill the increasing demand of consumers, the adoption of insect protein has been growing in the food & beverages segment. Moreover, due to high population growth, the consumption of animal products such as meat, egg, and milk continues to rise, which environmental sustainability a challenge. However, around 2,000 insect species are already consumed by humans and domestic animals across the globe as part of their regular diet, due to their high protein content, favorable fats, minerals, and vitamins. This has provided opportunities for food producers to enter this market and launch various products such as protein bars, snacks, whey protein, mealworm cookies, cricket pasta, honey caterpillar croquettes, mixed insect snacks, and candies based on insect protein.

Collaborations between insect protein-based product manufacturers and retailers to increase visibility and awareness

Higher costs and visibility of insect protein-based products have been some of the major problems for the companies. Many start-ups have been selling these products majorly through online channels. However, due to the increasing awareness regarding the benefits of insect protein and to increase the visibility of insect protein-based products, many companies have started collaborating with retail chains and other convenience stores. For instance, Eat Grub, a UK-based insect protein-based product manufacturer, collaborated with SOK—one of Finland's largest supermarket groups. SOK would be selling Eat Grub’s products in 400 of its stores. In another instance, insect-based snacks French start-up, Jimini’s, secured a listing with Carrefour, a multinational retailer, to supply items to 300 of its stores. Jimini’s intends to educate and increase awareness regarding insect protein as a future sustainable source for proteins by selling insect-based products in retail stores. Thus, to increase visibility, awareness, and the sales of insect protein-based products, start-ups such as Eat Grub (UK) and Aspire Food Group (US) are collaborating with retail stores, which can be a strategic step to develop the insect protein industry.

Insect Protein Market

North America and Europe dominated the insect protein market

In most European and North American countries, human consumption of insects is very low and often considered culturally inappropriate or even taboo. However, considering the growing population in the world and the increasing demand for production of traditional pork, beef, and chicken meat, insects are seriously considered as a source of animal protein. Thus, in these regions, since the acceptance of edible insects is low, manufacturers have been introducing insect protein powder-based products in the form of protein bars, protein powder, pasta, and bakery products. Since the insects are not directly visible to the consumers, such products are easily accepted. Thus, many companies manufacturing insect protein powders have been emerging and are expanding their production capacities in North American and European countries.

Insect protein is majorly used in animal feed; however, the demand for insect protein for human consumption is projected to grow at a high growth rate due to the increasing health consciousness among consumers. Insect protein in feed products witnesses a growing demand in North America, Europe, and Asia Pacific. However, the lack of proper regulations regarding the use of insect protein in the feed industry can be a major hindrance to the growth of the industry.

Key Market Players:

Insect protein finds major applications in the food and feed industries, and hence, profiling of major manufacturers of insect protein products for both food and feed applications has been covered in this report. The key companies in the insect protein market for the food application include Aspire Food Group (US), EntomoFarms (Canada), Protifarm (Netherlands), Jimini’s (UK), Chapul Cricket Protein (US), and Swarm Nutrition GmbH (Germany), while key companies in the feed application include AgriProtein Holdings Ltd. (South Africa), EnviroFlight LLC (US), Innovafeed (France), Ÿnsect (France), Hexafly (Ireland), and Protix (Netherlands). These players are undertaking strategies such as new product developments and launches and divestments to improve their market positions and extend their competitive advantage.

Scope of the Report

Report Metric

Details

Market size estimation

2017-2025

Base year considered

2017

Forecast period considered

2019-2025

Units considered

Value (USD) and Volume (Tons)

Segments covered

Insect Type, Application, and Region

Regions covered

North America, Asia Pacific, Europe, and RoW

Companies studied

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)

This research report categorizes the insect protein market based on application, insect type, and region.

Target Audience

  • Supply-side: insect protein manufacturers, suppliers, distributors, importers, and exporters
  • Traders and suppliers of raw materials such as insects
  • Demand-side: Food manufacturers, processors, and distributors
  • Regulatory side: Concerned government authorities, commercial research & development (R&D) institutions, and other regulatory bodies
  • Associations and industry bodies: Food and Agriculture Organization (FAO), US Department of Agriculture (USDA), Grain and Feed Trade Association, and Food Products Association

Report Scope

Application

  • Food & beverages
  • Animal nutrition
    • Aquafeed
    • Poultry feed
    • Pet food
    • Others (exotic pets, birds, and swine)
  • Pharmaceutical & cosmetics

Insect Type

  • Crickets
  • Black soldier flies
  • Mealworms
  • Ants
  • Grasshoppers
  • Others (silkworms, beetles, and buffalo worms) 

By Region

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World (RoW)

Recent Developments

  • In December 2018, AgriProtein acquired insect feed company Millibeter N.V. (Belgium). Through this acquisition, the former would fund the construction of Millibeter’s first commercial factory in Belgium. This acquisition is expected to accelerate the company’s expansion strategy in Europe.
  • In January 2019, EnviroFlight LLC opened its first commercial production facility in Kentucky, US, to expand its production of insect protein from black soldier flies. Approximately USD 32 million was invested in the construction of this new facility.

Critical questions the report answers:

  • Where will all these developments take the industry in the mid-to-long term?
  • What are the upcoming commercial prospects for the insect protein market?
  • What is the impact of other alternative protein ingredients on the insect protein market?
  • What are the new insects introduced in the insect protein market?
  • What are the latest trends in insect protein market?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Regional Segmentation
           1.3.2 Periodization Considered
    1.4 Currency Considered
    1.5 Unit Considered
    1.6 Stakeholders

2 Research Methodology (Page No. - 21)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Key Industry Insights
                    2.1.2.2 Breakdown of Primary Interviews
    2.2 Market Size Estimation
    2.3 Data Triangulation
    2.4 Research Assumptions
    2.5 Limitations

3 Executive Summary (Page No. - 28)

4 Premium Insights (Page No. - 32)
    4.1 Opportunities in the Insect Protein Market
    4.2 Insect Protein Market, By Application & Region
    4.3 Europe: Insect Protein Market
    4.4 Insect Protein Market, By Insect Type
    4.5 Market, By Key Country

5 Market Overview (Page No. - 35)
    5.1 Introduction
    5.2 Macroeconomic Indicators
           5.2.1 Growing Health Consciousness Among Consumers and Increasing Health Expenditure
           5.2.2 Declining Fishmeal Production has Been Triggering Innovation in the Feed Industry
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Increasing Investments in R&D and Start-Ups
                    5.3.1.2 Increasing Demand for Alternate Protein
                    5.3.1.3 Food Security & Sustainability
           5.3.2 Restraints
                    5.3.2.1 Consumer Acceptance
                    5.3.2.2 High Cost
                    5.3.2.3 Microbial Risk and Allergic Reactions
           5.3.3 Opportunities
                    5.3.3.1 Defined Regulations and Government Support
                    5.3.3.2 Collaborations of Insect Protein-Based Product Manufacturers With Retailers to Increase Visibility and Awareness
                    5.3.3.3 Opportunities for Food Equipment Manufacturers in Insect Rearing
           5.3.4 Challenges
                    5.3.4.1 Growing Vegan Trend
    5.4 Regulatory Framework
           5.4.1 US
                    5.4.1.1 Feed Application
                    5.4.1.2 Food Application
           5.4.2 Canada
           5.4.3 Europe
           5.4.4 Southeast Asian Countries
    5.5 Patent Analysis

6 Insect Protein Market, By Insect Type (Page No. - 53)
    6.1 Introduction
    6.2 Crickets
           6.2.1 High Acceptance in the Food Industry Due to their High Protein Content
    6.3 Black Soldier Flies
           6.3.1 Increasing Use of Black Soldier Fly Larvae for Feed Application
    6.4 Mealworms
           6.4.1 Acceptance of Mealworms Gaining Pace in the Feed Industry
    6.5 Grasshoppers
           6.5.1 Protifarm (France) Commercializing Food Products With Grasshopper Protein in Europe
    6.6 Ants
           6.6.1 Commercialization of Insect Protein From Ants for Feed and Food Applications
    6.7 Others

7 Insect Protein Market, By Application (Page No. - 61)
    7.1 Introduction
    7.2 Food & Beverages
           7.2.1 High Protein Content has Encouraged American and European Population to Accept Insect Protein-Based Food Products
    7.3 Animal Nutrition
           7.3.1 Aquafeed
                    7.3.1.1 Nearly 90% of the Feed Insect Protein Products Developed Across the Globe are Directed Toward Aquafeed Application
           7.3.2 Poultry Feed
                    7.3.2.1 Food Security Issue Raised for Soybean Meal has Led to the Increasing Demand for Insect Protein
           7.3.3 Pet Food
                    7.3.3.1 Dogs and Cats are the Major Pets Fed With Insect Protein-Based Products
           7.3.4 Others
    7.4 Pharmaceutical & Cosmetics
           7.4.1 High Prices and the Need for Advanced Extraction and Purification Technologies are Inhibiting the Growth Potential of the Market

8 Insect Protein Market: Impact Analysis (Page No. - 70)
    8.1 Impact Analysis of Insect Protein on Adjacent Applications
    8.2 Impact Analysis of Insect Protein in Key Regions

9 Insect Protein Market, By Region (Page No. - 75)
    9.1 Introduction
    9.2 North America
           9.2.1 US
                    9.2.1.1 Increasing Government Regulations Help Manufacturers to Standardize the Manufacturing Process
           9.2.2 Canada
                    9.2.2.1 Increasing Public and Private Support Drives the Insect Protein Market Growth
           9.2.3 Mexico
                    9.2.3.1 Insect Protein Manufacturers Have Great Opportunity to Set Up their Insect Rearing Units in Mexico Due to Favorable Climatic Conditions With A View to Reduce Manufacturing Costs
    9.3 Europe
           9.3.1 France
                    9.3.1.1 Increasing Investments By Private Investors and Support From Government is Expected to Drive the Growth of the Market
           9.3.2 Germany
                    9.3.2.1 Increasing Expansion of Insect Protein Manufacturers to Contribute to the Growth of the Insect Protein Market
           9.3.3 Italy
                    9.3.3.1 High Aquafeed Production to Drive the Growth of the Market
           9.3.4 The Netherlands
                    9.3.4.1 Absence of Pre-Market Approval for Insect-Based Products Supports Manufacturers to Tap This Market
           9.3.5 UK
                    9.3.5.1 Rising Collaboration of National Supermarket Chains With Insect Protein Manufacturers Have Widened the Opportunity in Food Industry
           9.3.6 Rest of Europe
    9.4 Asia Pacific
           9.4.1 Australia
                    9.4.1.1 The Number of Start-Ups Investing in Edible Insects and Insect Protein Products is Increasing in the Country
           9.4.2 China
                    9.4.2.1 Insect Rearing is One of the Major Sources of Income in the Country Owing to Which there is Good Scope for the Market to Develop Here
           9.4.3 Japan
                    9.4.3.1 Due to High Acceptance of Edible Insects, Many New Insect Protein Product-Based Manufacturers are Entering the Market
           9.4.4 Thailand
                    9.4.4.1 Being One of the Major Players in the Organized Edible Insect Market, there is Great Opportunity for Insect Protein-Based Product Manufacturers to Establish their Presence in the Country
           9.4.5 Malaysia
                    9.4.5.1 Due to Higher Acceptance of Edible Insects and Lower Prices of Insect Protein in the Country, there is Higher Growth Potential for the Insect Protein Market in Malaysia
           9.4.6 Rest of Asia Pacific
    9.5 Rest of the World
           9.5.1 Brazil
                    9.5.1.1 Increasing Adoption of Black Soldier Fly Insect Protein in Poultry Feed
           9.5.2 South Africa
                    9.5.2.1 Agriprotein (South Africa): A Major Company Manufacturing Insect Protein for Feed Application
           9.5.3 Chile
                    9.5.3.1 Growing Adoption of Insect Protein for Sports Nutrition Among the Youth
           9.5.4 Others
                    9.5.4.1 Growing Awareness About Insect Protein Among Animal Feed Manufacturers

10 Competitive Landscape (Page No. - 110)
     10.1 Overview
     10.2 Competitive Leadership Mapping (Feed Sector)
             10.2.1 Dynamic Capitalizers
             10.2.2 Innovators
             10.2.3 Visionary Leaders
             10.2.4 Emerging Companies
     10.3 Strength of Product Portfolio
     10.4 Business Strategy Excellence
     10.5 Competitive Leadership Mapping (Food Sector)
             10.5.1 Innovators
             10.5.2 Visionary Leaders
             10.5.3 Emerging Companies
     10.6 Strength of Product Portfolio
     10.7 Business Strategy Excellence
     10.8 Competitive Scenario
             10.8.1 New Product Launches
             10.8.2 Expansions & Investments
             10.8.3 Acquisitions
             10.8.4 Collaborations, Partnerships, Agreements, and Joint Ventures

11 Company Profiles (Page No. - 124)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)* 
     11.1 Insect Protein – Feed Application
             11.1.1 Agriprotein Holdings Ltd.
             11.1.2 Enviroflight Llc
             11.1.3 Innovafeed
             11.1.4 Ÿnsect
             11.1.5 Hexafly
             11.1.6 Protix
     11.2 Insect Protein – Food Application
             11.2.1 Jimini’s
             11.2.2 Entomo Farms
             11.2.3 Aspire Food Group
             11.2.4 Protifarm
             11.2.5 Chapul Cricket Protein
             11.2.6 Imago Insect Products GmbH
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies. 

12 Appendix (Page No. - 147)
     12.1 Discussion Guide
     12.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.3 Available Customizations
     12.4 Related Reports
     12.5 Author Details


List of Tables (86 Tables)

Table 1 USD Exchange Rate, 2014–2018
Table 2 List of Investments in the Insect Protein Market (USD Million)
Table 3 Price Comparison: Conventional Protein Products vs. Insect Protein Products
Table 4 List of Important Patents for Insect Protein and Edible Insects, 2014–2019
Table 5 Insect Protein Market Size, By Insect Type, 2017–2025 (USD Million)
Table 6 Crickets: Insect Protein Market Size, By Region, 2017–2025 (USD Million)
Table 7 Black Soldier Flies: Insect Protein Market Size, By Region, 2017–2025 (USD Million)
Table 8 Mealworms: Insect Protein Market Size, By Region, 2017–2025 (USD Million)
Table 9 Grasshoppers: Insect Protein Market Size, By Region, 2017–2025 (USD Million)
Table 10 Ants: Insect Protein Market Size, By Region, 2017–2025 (USD Million)
Table 11 Others: Insect Protein Market Size, By Region, 2017–2025 (USD Million)
Table 12 Insect Protein Market Size, By Application, 2017–2025 (USD Million)
Table 13 Market Size, By Application, 2017–2025 (Tons)
Table 14 Food & Beverages: Insect Protein Market Size, By Region, 2017–2025 (USD Million)
Table 15 Food & Beverages: Market Size, By Region, 2017–2025 (Tons)
Table 16 Animal Nutrition: Insect Protein Market Size, By Region, 2017–2025 (USD Million)
Table 17 Animal Nutrition: Market Size, By Region, 2017–2025 (Kt)
Table 18 Animal Nutrition: Market Size, By Livestock, 2017–2025 (USD Million)
Table 19 Pharmaceutical & Cosmetics: Insect Protein Market Size, By Region, 2017–2025 (USD Thousand)
Table 20 Pharmaceutical & Cosmetics: Market Size, By Region, 2017–2025 (Tons)
Table 21 Impact Analysis of Insect Protein on Adjacent Applications
Table 22 Impact Analysis of Insect Protein on Protein Ingredients
Table 23 Insect Protein Market Size, By Region, 2017–2025 (USD Million)
Table 24 Market Size, By Region, 2017–2025 (Kt)
Table 25 North America: Insect Protein Market Size, By Country, 2017–2025 (USD Million)
Table 26 North America: Market Size, By Country, 2017–2025 (Kt)
Table 27 North America: Market Size, By Insect Type, 2017–2025 (USD Million)
Table 28 North America: Market Size, By Application, 2017–2025 (USD Million)
Table 29 North America: Market Size, By Application, 2017–2025 (Tons)
Table 30 US: Insect Protein Market Size, By Application, 2017–2025 (USD Million)
Table 31 US: Market Size, By Application, 2017–2025 (Tons)
Table 32 Canada: Insect Protein Market Size, By Application, 2017–2025 (USD Million)
Table 33 Canada: Market Size, By Application, 2017–2025 (Tons)
Table 34 Mexico: Insect Protein Market Size, By Application, 2017–2025 (USD Million)
Table 35 Mexico: Market Size, By Application, 2017–2025 (Tons)
Table 36 Europe: Insect Protein Market Size, By Country, 2017–2025 (USD Million)
Table 37 Europe: Market Size, By Country, 2017–2025 (Kt)
Table 38 Europe: Market Size, By Application, 2017–2025 (USD Million)
Table 39 Europe: Market Size, By Application, 2017–2025 (Tons)
Table 40 Europe: Market Size, By Insect Type, 2017–2025 (USD Million)
Table 41 France: Insect Protein Market Size, By Application, 2017–2025 (USD Thousand)
Table 42 France: Market Size, By Application, 2017–2025 (Tons)
Table 43 Germany: Insect Protein Market Size, By Application, 2017–2025 (USD Thousand)
Table 44 Germany: Market Size, By Application, 2017–2025 (Tons)
Table 45 Italy: Insect Protein Market Size, By Application, 2017–2025 (USD Thousand)
Table 46 Italy: Market Size, By Application, 2017–2025 (Tons)
Table 47 The Netherlands: Insect Protein Market Size, By Application, 2017–2025 (USD Million)
Table 48 The Netherlands: Market Size, By Application, 2017–2025 (Tons)
Table 49 UK: Insect Protein Market Size, By Application, 2017–2025 (USD Thousand)
Table 50 UK: Market Size, By Application, 2017–2025 (Tons)
Table 51 Rest of Europe: Insect Protein Market Size, By Application, 2017–2025 (USD Thousand)
Table 52 Rest of Europe: Market Size, By Application, 2017–2025 (Tons)
Table 53 Asia Pacific: Insect Protein Market Size, By Country, 2017–2025 (USD Million)
Table 54 Asia Pacific: Market Size, By Country, 2017–2025 (Tons)
Table 55 Asia Pacific: Market Size, By Application, 2017–2025 (USD Million)
Table 56 Asia Pacific: Market Size, By Application, 2017–2025 (Tons)
Table 57 Asia Pacific: Market Size, By Insect Type, 2017–2025 (USD Million)
Table 58 Australia: Insect Protein Market Size, By Application, 2017–2025 (USD Million)
Table 59 Australia: Market Size, By Application, 2017–2025 (Tons)
Table 60 China: Insect Protein Market Size, By Application, 2017–2025 (USD Million)
Table 61 China: Market Size, By Application, 2017–2025 (Tons)
Table 62 Japan: Insect Protein Market Size, By Application, 2017–2025 (USD Million)
Table 63 Japan: Market Size, By Application, 2017–2025 (Tons)
Table 64 Thailand: Insect Protein Market Size, By Application, 2017–2025 (USD Million)
Table 65 Thailand: Market Size, By Application, 2017–2025 (Tons)
Table 66 Malaysia: Insect Protein Market Size, By Application, 2017–2025 (USD Thousand)
Table 67 Malaysia: Market Size, By Application, 2017–2025 (Tons)
Table 68 Rest of Asia Pacific: Insect Protein Market Size, By Application, 2017–2025 (USD Thousand)
Table 69 Rest of Asia Pacific: Market Size, By Application, 2017–2025 (Tons)
Table 70 Rest of the World: Insect Protein Market Size, By Country, 2017–2025 (USD Thousand)
Table 71 Rest of the World: Market Size, By Country, 2017–2025 (Tons)
Table 72 Rest of the World: Market Size, By Insect Type, 2017–2025 (USD Thousand)
Table 73 Rest of the World: Market Size, By Application, 2017–2025 (USD Thousand)
Table 74 Rest of the World: Market Size, By Application, 2017–2025 (Tons)
Table 75 Brazil: Insect Protein Market Size, By Application, 2017–2025 (USD Thousand)
Table 76 Brazil: Market Size, By Application, 2017–2025 (Tons)
Table 77 South Africa: Insect Protein Market Size, By Application, 2017–2025 (USD Thousand)
Table 78 South Africa: Market Size, By Application, 2017–2025 (Tons)
Table 79 Chile: Insect Protein Market Size, By Application, 2017–2025 (USD Thousand)
Table 80 Chile: Market Size, By Application, 2017–2025 (Tons)
Table 81 Others: Insect Protein Market Size, By Application, 2017–2025 (USD Thousand)
Table 82 Others: Market Size, By Application, 2017–2025 (Tons)
Table 83 New Product Launches, 2014 –2019
Table 84 Expansions & Investments, 2014 - 2019
Table 85 Acquisitions, 2014 –2019
Table 86 Collaborations, Partnerships, Agreements, and Joint Ventures, 2014–2019


List of Figures (35 Figures)

Figure 1 Insect Protein: Market Segmentation
Figure 2 Research Design
Figure 3 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Data Triangulation Methodology
Figure 7 Insect Protein Market Share (Value), By Insect Type, 2019 vs. 2025
Figure 8 Insect Protein Market Growth (Value), By Application, 2025
Figure 9 Insect Protein Market (Value): Regional Snapshot
Figure 10 Rise in Application of Insect Protein in Functional Food Supports the Growth of This Market
Figure 11 North America and Europe Were the Major Consumers of Insect Protein in 2018 Across the Major Applications
Figure 12 Europe: France Was Among the Largest Consumers Across the Globe in 2018
Figure 13 Crickets Were Widely Consumed in Terms of Value in 2018
Figure 14 European Countries are Projected to Witness High Growth During the Forecast Period in Terms of Value
Figure 15 Increasing Per Capita Health Expenditure in Major Economies, 2010–2018
Figure 16 Global Fishmeal Production, 2013–2016
Figure 17 Market Dynamics
Figure 18 Estimated Investment of Insect Protein Companies
Figure 19 Global Meat Consumption, 1964–2030 (Kg/Capita)
Figure 20 Vegan Population in the UK, 2014–2018
Figure 21 Number of Patents Approved for Insect Protein and Edible Insects, By Key Applicant, 2014–2019
Figure 22 Geographical Analysis: Patent Approval for Insect Protein and Edible Insects, 2014–2019
Figure 23 Insect Protein Market Size, By Insect Type, 2019 vs. 2025 (USD Million)
Figure 24 The Animal Nutrition Segment is Projected to Dominate the Market Throughout the Forecast Period
Figure 25 Environmental Benefits of Using Insects for Food and Feed
Figure 26 North America and Europe Had Significant Market Shares in 2018
Figure 27 North America: Market Snapshot
Figure 28 Europe: Market Snapshot
Figure 29 Insect Protein Market (Feed Sector): Competitive Leadership Mapping, 2018
Figure 30 Key Developments of the Leading Players in the Market, 2014 –2018
Figure 31 Insect Protein Market (Food Sector): Competitive Leadership Mapping, 2018
Figure 32 Agriprotein Holdings Ltd.: SWOT Analysis
Figure 33 Enviroflight Llc: SWOT Analysis
Figure 34 Jimini’s: SWOT Analysis
Figure 35 Entomo Farms: SWOT Analysis

The study involved four major activities for estimating the market size of insect protein. Exhaustive secondary research was conducted to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both the top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of the segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources such as Bloomberg BusinessWeek and Factiva were referred to, to identify and collect information for this study. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, gold & silver standard websites, regulatory bodies, trade directories, and databases.

Primary Research

The market comprises several stakeholders, which include insect protein manufacturers, suppliers, and insect manufacturers in the supply chain. Various primary sources from both the supply and demand sides of the insect protein market were interviewed to obtain qualitative and quantitative information. The primary interviewees from the demand side include feed manufacturers, livestock farm associations, research institutions, government agencies, and cooperative farm societies. The primary sources from the supply side include insect protein manufacturers, insect breeders, raw material suppliers, and key opinion leaders.

Insect Protein Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both the top-down and bottom-up approaches were used to estimate and validate the total size of the market. These approaches were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and markets were identified through extensive secondary research.
  • All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
  • The research included the study of reports, reviews, and newsletters of top market players, along with extensive interviews for opinions from leaders such as CEOs, directors, and marketing executives.

Data Triangulation

After arriving at the overall market size-using the market size estimation processes as explained above-the market was split into several segments and subsegments. In order to arrive at the exact statistics for all the segments and subsegments, the data triangulation and market breakdown procedures were employed, wherever applicable. After the market was validated using both the top-down and bottom-up approaches, the data was triangulated by studying various factors and trends from both the demand and supply sides.

Report Objectives

  • To determine and forecast the size of the insect protein market, by insect type, application, and region
  • To identify attractive opportunities in the insect protein market by determining the largest and fastest-growing segments across regions
  • To strategically analyze the demand-side factors based on the following:
  • Impact of macro- and microeconomic factors on the market
  • Shifts in demand patterns across different subsegments and regions
  • To identify the key drivers and restraints that have an impact on the global market
  • To strategically profile the key players and comprehensively analyze their market positions in terms of core competencies, along with detailing the competitive landscape for market leaders
  • To analyze strategic approaches such as acquisitions, expansions, investments, product launches & approvals, agreements, collaborations, and partnerships in the insect protein market
  • To provide insights on the key investments in product innovations and patent registrations
  • To analyze the supply chain and regulatory frameworks across regions and their impact on prominent market players

Available Customizations

Based on the given market data, MarketsandMarkets offers customizations in the reports according to client-specific requirements. The available customization options are as follows:

Product Analysis

  • Product matrix, which gives a detailed comparison of the product portfolio of each company

Regional Analysis

  • Further breakdown of the Rest of Europe market into Ireland, Norway, Sweden, and Switzerland
  • Further breakdown of the Rest of Asia Pacific market into Indonesia, Vietnam, South Korea, and Singapore.
  • Further breakdown of other countries in RoW into Tunisia, Nigeria, and Kenya 

Company Information

  • Detailed analyses and profiling of additional market players (up to five)
Report Code
AGI 7253
Published ON
Jul, 2019
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