Quadintel offers a thorough analysis of the Global Insect Protein Market, including assessments of business solutions, studies and advancements, applications, advantages, benefits, and breadth.
This market research study on Insect Protein Market provides a thorough analysis and improvement of the important business producers, opportunities, difficulties, and worldwide suppliers as well as a close investigation of risks and access restrictions. Additionally, it provides a competitive analysis of the most recent technological advancements, innovations, future market potential, industry share, sales, sales generation, funding analysis, and overall business environment.
Additionally, included in this study are the market’s significant accomplishments, studies and upgrades, new product introductions, a local boom, fierce competition against the norm, and local scale. The business report analysis and insights contain the boom in producer guidance sales, percentage, supply, opportunity, problems, and improvement restraints.
Global Insect Protein Market is valued at approximately USD 0.50 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 34.0% over the forecast period 2022-2029.
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Insect protein has a significant potential to help solve world hunger given the increased demand for food commodities that comes along with a growing global population. Insect protein has several applications, including the production of food and drink, cosmetics, and personal care products. Due to growing worries about the global food issue, insects are also being researched as a potential source of human food and animal feed in western countries.. The Insect Protein market is expanding because of factors such as increasing investments in R&D and start-ups, increasing demand for alternate protien. However, unacceptance of Insect-based Proteins by consumers may halt market growth.
Various market players in insect protein market are taking strategic moves to expand their company share. New product releases, alliances, and acquisitions are a few of the crucial tactics used by market actors. For example, in March 2022, Global Bugs and Smart Vet Group formed a collaboration to concentrate on developing and manufacturing pet food and supplemental items for animals that contain whole roasted crickets and cricket powder. In conjunction with Pure Simple True LLC, , an insect protein company introduced Bernie’s, an ultra-premium and luxury brand for dog food, to the US market in November 202. Furthermore, collaborations of Insect Protein-based Product Manufacturers with Retailers and opportunities for Food Equipment Manufacturers in Insect Rearing are creating new opportunities for the market. However, the high cost of Insect Protein stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Insect Protein Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. Among these regions, Europe holds the highest share owing to factors such as high penetration of consumer acceptance for the consumption and use of insect protein such as in food and beverage industry, animal nutrition, and personal care industry is creating a lucrative demand in the region.
Major market players included in this report are:
- InnovaFeed
- EnviroFlight
- Ynsect
- Hexafly
- Protix
- Aspire Food Group
- Chapul
- Nutrition Technologies
- Entomo Farms
- Goerra
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Recent Developments in the Market:
In February 2022, Strategic relationship established between Global Bugs and Innovative Natural Solutions. Using a combination of plant-based ingredients and crickets, Global Bugs Asia (GBA) and Innovative Natural Solutions (INS) want to jointly promote, support, manufacture, and sell nutrient-rich food products.
In Aug 2020, in order to facilitate the scaled rearing of non-pathogenic Black Soldier Fly (BSF) larvae, Darling Ingredients acquired a 50% investment in a joint venture with EnviroFlight, one of the top producers of proprietary technology.
The detailed segments and sub-segment of the market are explained below:
By Insect Type:
Crickets
Black Soldier Flies
Mealworms
Grasshoppers
Ants
Other Insects
By Application:
Food & Beverages
Animal Nutrition
Pharmaceuticals & Cosmetics
By Distribution Channel:
Offline
Online
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By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Report Include:
- Market Behavior/ Level of Risk and Opportunity
- End Industry Behavior/ Opportunity Assessment
- Expected Industry Recovery Timeline
What is the goal of the report?
The market report presents the estimated size of the Market at the end of the forecast period. The report also examines historical and current market sizes. During the forecast period, the report analysis the growth rate, market size, and market valuation. The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets. The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance.
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