Insect Protein Market – Global Industry Trends and Forecast 2022 to 2030

The global insect protein market size was valued at USD 251.9 million in 2020, and is predicted to be worth around USD 3.74 billion by 2030, registering a CAGR of 28.4% during the forecast period 2022 to 2030.

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Growth Factors

The growing consumer awareness regarding the consumption of nutritional food products and increasing preference for a healthy lifestyle are expected to drive the demand for insect protein over the forecast period. The insect industry is growing at a fast pace to increase production and supply chain, with a lot of investments, joint ventures, and partnerships. This has increased efficiency,advancements in technology, automation, improvements in genetics, and legislative changes.Moreover, insects are considered as a healthy food source in Western countries, that are packed withnutrients,are ecological,and are a sustainable source for food.

In addition, consumer preference to experiment with new food products for taste and nutritional benefits and that support sustainability is the key factor that positively impactsthe market growth. The growing health consciousness among consumers across the globe has increased the demand for healthy and nutritious food products, thus providing opportunities for manufacturers in various industries to offer healthy and nutritious food products.

The growing consumer awareness regarding the consumption of nutritional food products and increasing preference for a healthy lifestyle are expected to drive the demand for insect protein over the forecast period. The growing health consciousness among consumers across the globe has increased the demand for healthy and nutritious food products, thus providing opportunities for manufacturers in various industries to offer such food products.

Report Coverage

Report Scope Details
Market Size US$ 3.74 billion by 2030
Growth Rate CAGR of 28.4% From 2022 to 2030
Largest Market Europe
Base Year 2021
Forecast Period 2022 to 2030
Segments Covered Source, Application
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned InnovaFeed; EnviroFlight; Ynsect; Hexafly; Protix; Aspire Food Group; Chapul; Nutrition Technologies; Entomo Farms; Goterra

By Source Analysis

Coleoptera dominated the market and held a revenue share of over 30.0% in 2020. The segment includes edible beetles, aquatic beetles, wood-boring larvae, and dung beetles. Coleoptera is fit for human consumption and is offered in various insect-based products including insect-based oil, protein powder, flour, and others.

The orthoptera segmentincludesinsects such as locusts, grasshoppers, and crickets that are widely available, easy to breed, and have high protein content.Lepidoptera is one of the prominent sources of insects used for producing insect protein and covers insects such as caterpillars, butterflies, and moths.

By Application Analysis

Animal nutrition accounted for the largest revenue share of over 75.0% in 2020. Insect protein is primarily consumed as a feed additive for poultry, aquaculture, and other animals. High digestibilityand amino acid and protein content ranging from 40% to 70% are gaining traction from animal feed manufacturers.

Segments such as pet food and aquaculture will be the profitable segments for manufacturers in animal nutrition.The food and beverages application segment emerged as the second-largest application segment in 2020 and is expected to witness considerable growth over the forecast period.

Functional food products, nutritional bars, and protein-rich products are some of the products for application in the food and beverage industry. Many countries authorizing insects for human consumption are expected to fuel the market growth.

By Regional Analysis

The European region accounted for the largest revenue share of over 30.0% in 2020. The European market has a higher consumer acceptance rate for insect protein for applications such as the food and beverage industry, animal nutrition, and personal care industry.

North America accounted for a significant revenue share in 2020. The market is expected to be the largest market by 2028owing to the demand for nutritional food products and growing awareness among the consumers regarding the consumption of insect-based products.

The Asia Pacific region is expected to expand at a revenue-based CAGR of 29.05%over the forecast periodowing to the growing consumer base in the countries, including India, China, and Thailand.

Key Players

  • InnovaFeed
  • EnviroFlight
  • Ynsect
  • Hexafly
  • Protix
  • Aspire Food Group
  • Chapul
  • Nutrition Technologies
  • Entomo Farms
  • Goterra

Market Segmentation

  • By Source
    • Coleoptera
    • Lepidoptera
    • Hymenoptera
    • Orthoptera
    • Hemiptera
    • Diptera
    • Others
  • By Application
    • Food & Beverages
    • Animal Nutrition
    • Pharmaceutical & Supplements
    • Personal Care and Cosmetics
  • Regional
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • U.K.
    • Asia Pacific
      • China
      • Japan
      • India
      • Thailand
    • Central & South America
      • Brazil
    • Middle East & Africa
      • UAE

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Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Table of Contents

Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Distribution Channel Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape

6.1.3.1.        List of Suppliers

6.1.3.2.        List of Buyers

Chapter 7.  Global Insect Protein Market, By Source

7.1.  Insect Protein Market, by Source, 2021-2030

7.1.1.    Coleoptera

7.1.1.1.        Market Revenue and Forecast (2019-2030)

7.1.2.    Lepidoptera

7.1.2.1.        Market Revenue and Forecast (2019-2030)

7.1.3.    Hymenoptera

7.1.3.1.        Market Revenue and Forecast (2019-2030)

7.1.4.    Orthoptera

7.1.4.1.        Market Revenue and Forecast (2019-2030)

7.1.5.    Hemiptera

7.1.5.1.        Market Revenue and Forecast (2019-2030)

7.1.6.    Diptera

7.1.6.1.        Market Revenue and Forecast (2019-2030)

Chapter 8.  Global Insect Protein Market, By Application

8.1.  Insect Protein Market, by Application, 2021-2030

8.1.1.    Food & Beverages

8.1.1.1.        Market Revenue and Forecast (2019-2030)

8.1.2.    Animal Nutrition

8.1.2.1.        Market Revenue and Forecast (2019-2030)

8.1.3.    Pharmaceutical & Supplements

8.1.3.1.        Market Revenue and Forecast (2019-2030)

8.1.4.    Personal Care and Cosmetics

8.1.4.1.        Market Revenue and Forecast (2019-2030)

Chapter 9.  Global Insect Protein Market, Regional Estimates and Trend Forecast

9.1.  North America

9.1.1.    Market Revenue and Forecast, by Source (2019-2030)

9.1.2.    Market Revenue and Forecast, by Application (2019-2030)

9.1.3.    U.S.

9.1.3.1.        Market Revenue and Forecast, by Source (2019-2030)

9.1.3.2.        Market Revenue and Forecast, by Application (2019-2030)

9.1.4.    Rest of North America

9.1.4.1.        Market Revenue and Forecast, by Source (2019-2030)

9.1.4.2.        Market Revenue and Forecast, by Application (2019-2030)

9.2.  Europe

9.2.1.    Market Revenue and Forecast, by Source (2019-2030)

9.2.2.    Market Revenue and Forecast, by Application (2019-2030)

9.2.3.    UK

9.2.3.1.        Market Revenue and Forecast, by Source (2019-2030)

9.2.3.2.        Market Revenue and Forecast, by Application (2019-2030)

9.2.4.    Germany

9.2.4.1.        Market Revenue and Forecast, by Source (2019-2030)

9.2.4.2.        Market Revenue and Forecast, by Application (2019-2030)

9.2.5.    France

9.2.5.1.        Market Revenue and Forecast, by Source (2019-2030)

9.2.5.2.        Market Revenue and Forecast, by Application (2019-2030)

9.2.6.    Rest of Europe

9.2.6.1.        Market Revenue and Forecast, by Source (2019-2030)

9.2.6.2.        Market Revenue and Forecast, by Application (2019-2030)

9.3.  APAC

9.3.1.    Market Revenue and Forecast, by Source (2019-2030)

9.3.2.    Market Revenue and Forecast, by Application (2019-2030)

9.3.3.    India

9.3.3.1.        Market Revenue and Forecast, by Source (2019-2030)

9.3.3.2.        Market Revenue and Forecast, by Application (2019-2030)

9.3.4.    China

9.3.4.1.        Market Revenue and Forecast, by Source (2019-2030)

9.3.4.2.        Market Revenue and Forecast, by Application (2019-2030)

9.3.5.    Japan

9.3.5.1.        Market Revenue and Forecast, by Source (2019-2030)

9.3.5.2.        Market Revenue and Forecast, by Application (2019-2030)

9.3.6.    Rest of APAC

9.3.6.1.        Market Revenue and Forecast, by Source (2019-2030)

9.3.6.2.        Market Revenue and Forecast, by Application (2019-2030)

9.4.  MEA

9.4.1.    Market Revenue and Forecast, by Source (2019-2030)

9.4.2.    Market Revenue and Forecast, by Application (2019-2030)

9.4.3.    GCC

9.4.3.1.        Market Revenue and Forecast, by Source (2019-2030)

9.4.3.2.        Market Revenue and Forecast, by Application (2019-2030)

9.4.4.    North Africa

9.4.4.1.        Market Revenue and Forecast, by Source (2019-2030)

9.4.4.2.        Market Revenue and Forecast, by Application (2019-2030)

9.4.5.    South Africa

9.4.5.1.        Market Revenue and Forecast, by Source (2019-2030)

9.4.5.2.        Market Revenue and Forecast, by Application (2019-2030)

9.4.6.    Rest of MEA

9.4.6.1.        Market Revenue and Forecast, by Source (2019-2030)

9.4.6.2.        Market Revenue and Forecast, by Application (2019-2030)

9.5.  Latin America

9.5.1.    Market Revenue and Forecast, by Source (2019-2030)

9.5.2.    Market Revenue and Forecast, by Application (2019-2030)

9.5.3.    Brazil

9.5.3.1.        Market Revenue and Forecast, by Source (2019-2030)

9.5.3.2.        Market Revenue and Forecast, by Application (2019-2030)

9.5.4.    Rest of LATAM

9.5.4.1.        Market Revenue and Forecast, by Source (2019-2030)

9.5.4.2.        Market Revenue and Forecast, by Application (2019-2030)

Chapter 10.  Company Profiles

10.1.              InnovaFeed

10.1.1.  Company Overview

10.1.2.  Source Offerings

10.1.3.  Financial Performance

10.1.4.  Recent Initiatives

10.2.              EnviroFlight

10.2.1.  Company Overview

10.2.2.  Source Offerings

10.2.3.  Financial Performance

10.2.4.  Recent Initiatives

10.3.              Ynsect

10.3.1.  Company Overview

10.3.2.  Source Offerings

10.3.3.  Financial Performance

10.3.4.  Recent Initiatives

10.4.              Hexafly

10.4.1.  Company Overview

10.4.2.  Source Offerings

10.4.3.  Financial Performance

10.4.4.  Recent Initiatives

10.5.              Protix

10.5.1.  Company Overview

10.5.2.  Source Offerings

10.5.3.  Financial Performance

10.5.4.  Recent Initiatives

10.6.              Aspire Food Group

10.6.1.  Company Overview

10.6.2.  Source Offerings

10.6.3.  Financial Performance

10.6.4.  Recent Initiatives

10.7.              Chapul

10.7.1.  Company Overview

10.7.2.  Source Offerings

10.7.3.  Financial Performance

10.7.4.  Recent Initiatives

10.8.              Nutrition Technologies

10.8.1.  Company Overview

10.8.2.  Source Offerings

10.8.3.  Financial Performance

10.8.4.  Recent Initiatives

10.9.              Entomo Farms

10.9.1.  Company Overview

10.9.2.  Source Offerings

10.9.3.  Financial Performance

10.9.4.  Recent Initiatives

10.10.           Goterra

10.10.1.               Company Overview

10.10.2.               Source Offerings

10.10.3.               Financial Performance

10.10.4.               Recent Initiatives

Chapter 11.  Research Methodology

11.1.              Primary Research

11.2.              Secondary Research

11.3.              Assumptions

Chapter 12.  Appendix

12.1.              About Us

12.2.              Glossary of Terms

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