Insect-based Protein Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Insect-based Protein Market
The Insect-based Protein Market size was valued at USD 153.92 million in 2021. The market is projected to grow from USD 189.32 million in 2022 to USD 856.08 million by 2029, exhibiting a CAGR of 24.1% during the forecast period of 2024-2032.
The COVID-19 pandemic disrupted international deliver chains, at the side of the insect-based totally protein market, main to production halts and logistics issues. Demand initially dipped due to patron worries approximately meals safety and a shift in alternatives towards critical items. However, put up-pandemic healing has highlighted the want for sustainable food sources, accelerating the adoption of insect proteins in the food and feed industries. Governments and businesses at the moment are specializing in nearby sourcing and automation to limit future disruptions, assisting the market regain momentum.
A key trend the use of the insect-primarily based protein marketplace is its growing use in puppy meals and aquafeed. With growing focus about the environmental footprint of traditional animal feed, producers are turning to insect-primarily based alternatives, specially black soldier flies and mealworms. Consumers are also displaying interest in insect-based pup treats because of their sustainability and dietary advantages. This shift is encouraging new product launches in those segments, boosting the overall marketplace's increase trajectory.
The growing attention on sustainable meals production is a large using aspect for the insect-primarily based protein marketplace. As traditional farm animals farming contributes to greenhouse gas emissions and requires massive assets, insects provide an eco-friendly possibility with minimal environmental effect. Additionally, insect farming calls for a whole lot less water, land, and feed, at the same time as supplying top notch protein and vital vitamins. The increasing want for sustainable answers in agriculture and food industries is pushing regulatory our bodies and customers to help insect-primarily based absolutely protein ventures globally.
Comprehensive Analysis of Insect-based Protein Market
The Insect-based Protein Market growth is rising at an exponential rate due to its marketplace segmentation. This market expansion correctly affords a detailed local assessments thinking about the dominant supply and call for forces that effect the enterprise. These segmentations are methodically segregated by product type, by application. By Product Type include Coleoptera, Lepidoptera, Hymenoptera, Orthopetra, Others. By Application include Food and Beverages, Animal Feed, Pharmaceuticals & Cosmetics.
The Europe location lead the Insect-based Protein Market share percentage via benefitting a marketplace size of USD 51.83 million The region is considered to be a prominent market for insect-based protein. It is among the major ingredients consumed in food applications across the old-age and middle-age consumers in Europe.
The top players in the market play a crucial role in the industry assuring market growth and setting market standards. These players include, Google LLC (Alphabet, Inc.), Magic Leap, Inc., ReWalk Robotics, SAMSUNG, B-Temia, Panasonic Holdings Corporation, NVIDIA Corporation, Microsoft, Ekso Bionics, Vuzix,these market players provide a level-playing competitive landscape.
February 2021: Aspire Food Group and its collaborators were supplied approximately USD 13.2 million from Next Generation Manufacturing (NGen) to assist construct a cricket protein plant in Canada.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2018-2029
Base Year 2021
Estimated Year 2022
Forecast Period 2022-2029
Historical Period 2018-2020
Unit Value (USD Million)
By Product Type Coleoptera
Lepidoptera
Hymenoptera
Orthopetra
Others
By Application Food and Beverages
Animal Feed
Pharmaceuticals & Cosmetics
By Geography North America (By Product Type, By Application, and By Country)
U.S. (By Application)
Canada (By Application)
Mexico (By Application)
Europe (By Product Type, By Application, and By Country)
U.K. (By Application)
Germany (By Application)
France (By Application)
Italy (By Application)
Spain (By Application)
Russia (By Application)
Rest of Europe (By Application)
Asia Pacific (By Product Type, By Application, and By Country)
China (By Application)
India (By Application)
Australia (By Application)
Japan (By Application)
Rest of Asia Pacific (By Application)
South America (By Product Type, By Application, and By Country)
Brazil (By Application)
Argentina (By Application)
Rest of South America (By Application)
Middle East & Africa (By Product Type, By Application, and By Country)
UAE (By Application)
South Africa (By Application)
Rest of the Middle East & Africa (By Application)
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 3.4. Emerging Trends
- 4. Key Insights
- 4.1. Overview of the Parent/Related Markets
- 4.2. Industry SWOT Analysis
- 4.3. Supply Chain and Regulatory Analysis
- 4.4. Recent Industry Developments - Policies, Partnerships, New Product Launches, and Mergers & Acquisitions
- 4.5. Qualitative Analysis Related to COVID-19
- 4.5.1. Impact of COVID-19 on the Market
- 4.5.2. Supply Chain Challenges amidst Pandemic
- 4.5.3. Potential Opportunities due to this Global Crisis
- 5. Global Insect Protein Market Analysis, Insights and Forecast, 2018-2029
- 5.1. Key Findings / Summary
- 5.2. Market Size Estimates and Forecast
- 5.2.1. By Product Type
- 5.2.1.1. Coleoptera
- 5.2.1.2. Lepidoptera
- 5.2.1.3. Hymenoptera
- 5.2.1.4. Orthopetra
- 5.2.1.5. Others
- 5.2.2. By Application
- 5.2.2.1. Food & Beverages
- 5.2.2.2. Animal Feed
- 5.2.2.3. Pharmaceuticals & Cosmetics
- 5.2.3. By Region
- 5.2.3.1. North America
- 5.2.3.2. Europe
- 5.2.3.3. Asia Pacific
- 5.2.3.4. South America
- 5.2.3.5. Middle East & Africa
- 6. North America Insect Protein Market Analysis, Insights and Forecast, 2018-2029
- 6.1. Key Findings / Summary
- 6.2. Market Size Estimates and Forecast
- 6.2.1. By Product Type
- 6.2.1.1. Coleoptera
- 6.2.1.2. Lepidoptera
- 6.2.1.3. Hymenoptera
- 6.2.1.4. Orthopetra
- 6.2.1.5. Others
- 6.2.2. By Application
- 6.2.2.1. Food & Beverages
- 6.2.2.2. Animal Feed
- 6.2.2.3. Pharmaceuticals & Cosmetics
- 6.2.2.4. Beverages
- 6.2.2.5. Others
- 6.2.3. By Country (Value)
- 6.2.3.1. U.S.
- 6.2.3.1.1. By Application
- 6.2.3.1.1.1. Food & Beverages
- 6.2.3.1.1.2. Animal Feed
- 6.2.3.1.1.3. Pharmaceuticals & Cosmetics
- 6.2.3.2. Canada
- 6.2.3.2.1. By Application
- 6.2.3.2.1.1. Food & Beverages
- 6.2.3.2.1.2. Animal Feed
- 6.2.3.2.1.3. Pharmaceuticals & Cosmetics
- 6.2.3.3. Mexico
- 6.2.3.3.1. By Application
- 6.2.3.3.1.1. Food & Beverages
- 6.2.3.3.1.2. Animal Feed
- 6.2.3.3.1.3. Pharmaceuticals & Cosmetics
- 7. Europe Insect Protein Market Analysis, Insights and Forecast, 2018-2029
- 7.1. Key Findings / Summary
- 7.2. Market Size Estimates and Forecast
- 7.2.1. By Product Type
- 7.2.1.1. Coleoptera
- 7.2.1.2. Lepidoptera
- 7.2.1.3. Hymenoptera
- 7.2.1.4. Orthopetra
- 7.2.1.5. Others
- 7.2.2. By Application
- 7.2.2.1. Food & Beverages
- 7.2.2.2. Animal Feed
- 7.2.2.3. Pharmaceuticals & Cosmetics
- 7.2.3. By Country (Value)
- 7.2.3.1. Germany
- 7.2.3.1.1. By Application
- 7.2.3.1.1.1. Food & Beverages
- 7.2.3.1.1.2. Animal Feed
- 7.2.3.1.1.3. Pharmaceuticals & Cosmetics
- 7.2.3.2. France
- 7.2.3.2.1. By Application
- 7.2.3.2.1.1. Food & Beverages
- 7.2.3.2.1.2. Animal Feed
- 7.2.3.2.1.3. Pharmaceuticals & Cosmetics
- 7.2.3.3. Italy
- 7.2.3.3.1. By Application
- 7.2.3.3.1.1. Food & Beverages
- 7.2.3.3.1.2. Animal Feed
- 7.2.3.3.1.3. Pharmaceuticals & Cosmetics
- 7.2.3.4. U.K.
- 7.2.3.4.1. By Application
- 7.2.3.4.1.1. Food & Beverages
- 7.2.3.4.1.2. Animal Feed
- 7.2.3.4.1.3. Pharmaceuticals & Cosmetics
- 7.2.3.5. Spain
- 7.2.3.5.1. By Application
- 7.2.3.5.1.1. Food & Beverages
- 7.2.3.5.1.2. Animal Feed
- 7.2.3.5.1.3. Pharmaceuticals & Cosmetics
- 7.2.3.6. Rest of Europe
- 7.2.3.6.1. By Application
- 7.2.3.6.1.1. Food & Beverages
- 7.2.3.6.1.2. Animal Feed
- 7.2.3.6.1.3. Pharmaceuticals & Cosmetics
- 8. Asia Pacific Insect Protein Market Analysis, Insights and Forecast, 2018-2029
- 8.1. Key Findings / Summary
- 8.2. Market Size Estimates and Forecast
- 8.2.1. By Product Type
- 8.2.1.1. Coleoptera
- 8.2.1.2. Lepidoptera
- 8.2.1.3. Hymenoptera
- 8.2.1.4. Orthopetra
- 8.2.1.5. Others
- 8.2.2. By Application
- 8.2.2.1. Food & Beverages
- 8.2.2.2. Animal Feed
- 8.2.2.3. Pharmaceuticals & Cosmetics
- 8.2.3. By Country (Value)
- 8.2.3.1. China
- 8.2.3.1.1. By Application
- 8.2.3.1.1.1. Food & Beverages
- 8.2.3.1.1.2. Animal Feed
- 8.2.3.1.1.3. Pharmaceuticals & Cosmetics
- 8.2.3.2. India
- 8.2.3.2.1. By Application
- 8.2.3.2.1.1. Food & Beverages
- 8.2.3.2.1.2. Animal Feed
- 8.2.3.2.1.3. Pharmaceuticals & Cosmetics
- 8.2.3.3. Japan
- 8.2.3.3.1. By Application
- 8.2.3.3.1.1. Food & Beverages
- 8.2.3.3.1.2. Animal Feed
- 8.2.3.3.1.3. Pharmaceuticals & Cosmetics
- 8.2.3.4. Australia
- 8.2.3.4.1. By Application
- 8.2.3.4.1.1. Food & Beverages
- 8.2.3.4.1.2. Animal Feed
- 8.2.3.4.1.3. Pharmaceuticals & Cosmetics
- 8.2.3.5. Rest of Asia Pacific
- 8.2.3.5.1. By Application
- 8.2.3.5.1.1. Food & Beverages
- 8.2.3.5.1.2. Animal Feed
- 8.2.3.5.1.3. Pharmaceuticals & Cosmetics
- 9. South America Insect Protein Market Analysis, Insights and Forecast, 2018-2029
- 9.1. Key Findings / Summary
- 9.2. Market Size Estimates and Forecast
- 9.2.1. By Product Type
- 9.2.1.1. Coleoptera
- 9.2.1.2. Lepidoptera
- 9.2.1.3. Hymenoptera
- 9.2.1.4. Orthopetra
- 9.2.1.5. Others
- 9.2.2. By Application
- 9.2.2.1. Food & Beverages
- 9.2.2.2. Animal Feed
- 9.2.2.3. Pharmaceuticals & Cosmetics
- 9.2.3. By Country (Value)
- 9.2.3.1. Brazil
- 9.2.3.1.1. By Application
- 9.2.3.1.1.1. Food & Beverages
- 9.2.3.1.1.2. Animal Feed
- 9.2.3.1.1.3. Pharmaceuticals & Cosmetics
- 9.2.3.2. Argentina
- 9.2.3.2.1. By Application
- 9.2.3.2.1.1. Food & Beverages
- 9.2.3.2.1.2. Animal Feed
- 9.2.3.2.1.3. Pharmaceuticals & Cosmetics
- 9.2.3.3. Rest of South America
- 9.2.3.3.1. By Application
- 9.2.3.3.1.1. Food & Beverages
- 9.2.3.3.1.2. Animal Feed
- 9.2.3.3.1.3. Pharmaceuticals & Cosmetics
- 10. Middle East & Africa Insect Protein Market Analysis, Insights and Forecast, 2018-2029
- 10.1. Key Findings / Summary
- 10.2. Market Size Estimates and Forecast
- 10.2.1. By Product Type
- 10.2.1.1. Coleoptera
- 10.2.1.2. Lepidoptera
- 10.2.1.3. Hymenoptera
- 10.2.1.4. Orthopetra
- 10.2.1.5. Others
- 10.2.2. By Application
- 10.2.2.1. Food & Beverages
- 10.2.2.2. Animal Feed
- 10.2.2.3. Pharmaceuticals & Cosmetics
- 10.2.3. By Country (Value)
- 10.2.3.1. South Africa
- 10.2.3.1.1. By Application
- 10.2.3.1.1.1. Food & Beverages
- 10.2.3.1.1.2. Animal Feed
- 10.2.3.1.1.3. Pharmaceuticals & Cosmetics
- 10.2.3.2. UAE
- 10.2.3.2.1. By Application
- 10.2.3.2.1.1. Food & Beverages
- 10.2.3.2.1.2. Animal Feed
- 10.2.3.2.1.3. Pharmaceuticals & Cosmetics
- 10.2.3.3. Rest of Middle East & Africa
- 10.2.3.3.1. By Application
- 10.2.3.3.1.1. Food & Beverages
- 10.2.3.3.1.2. Animal Feed
- 10.2.3.3.1.3. Pharmaceuticals & Cosmetics
- 11. Competitive Matrix
- 11.1. Business Strategies Adopted by Leading Players
- 11.2. Global Insect Protein Market Revenue Share/Ranking Analysis, By Key Manufacturer
- 12. Company Profiles
- 12.1. Aspire Food Group
- 12.1.1. Overview
- 12.1.2. Description
- 12.1.3. Product Portfolio
- 12.1.4. Financials (Data as available in public domain and/or on paid databases)
- 12.1.5. Recent Developments
- 12.2. EnviroFlight LLC
- 12.2.1. Overview
- 12.2.2. Description
- 12.2.3. Product Portfolio
- 12.2.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.5. Recent Developments
- 12.3. EntomoFarms
- 12.3.1. Overview
- 12.3.2. Description
- 12.3.3. Product Portfolio
- 12.3.4. Financials (Data as available in public domain and/or on paid databases)
- 12.3.5. Recent Developments
- 12.4. Next Protein Inc.
- 12.4.1. Overview
- 12.4.2. Description
- 12.4.3. Product Portfolio
- 12.4.4. Financials (Data as available in public domain and/or on paid databases)
- 12.4.5. Recent Developments
- 12.5. Jimini’s
- 12.5.1. Overview
- 12.5.2. Description
- 12.5.3. Product Portfolio
- 12.5.4. Financials (Data as available in public domain and/or on paid databases)
- 12.5.5. Recent Developments
- 12.6. Innovafeed
- 12.6.1. Overview
- 12.6.2. Description
- 12.6.3. Product Portfolio
- 12.6.4. Financials (Data as available in public domain and/or on paid databases)
- 12.6.5. Recent Developments
- 12.7. Chapul Cricket Protein
- 12.7.1. Overview
- 12.7.2. Description
- 12.7.3. Product Portfolio
- 12.7.4. Financials (Data as available in public domain and/or on paid databases)
- 12.7.5. Recent Developments
- 12.8. Swarm Nutrition GmbH
- 12.8.1. Overview
- 12.8.2. Description
- 12.8.3. Product Portfolio
- 12.8.4. Financials (Data as available in public domain and/or on paid databases)
- 12.8.5. Recent Developments
- 12.9. AgriProtein Holdings Ltd
- 12.9.1. Overview
- 12.9.2. Description
- 12.9.3. Product Portfolio
- 12.9.4. Financials (Data as available in public domain and/or on paid databases)
- 12.9.5. Recent Developments
- 12.10. Ynsect NL Nutrition & Health B.V.
- 12.10.1. Overview
- 12.10.2. Description
- 12.10.3. Product Portfolio
- 12.10.4. Financials (Data as available in public domain and/or on paid databases)
- 12.10.5. Recent Developments
- 13. Appendix
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