Global Insect Protein Market Size, Share, Growth, Global Trends, Industry Analysis and Forecast to 2027

Price: 3200/- USD | Published Date: June 5, 2021 |

The global insect protein market size is expected to register a significant CAGR of 25% during the forecast period 2021 to 2027 and estimated at around USD 270 million in 2020. The growing consumer shift towards insect protein around the world is a primary factor to drive the market growth. The increasing public and private support for new protein sources in emerging economies are further expected to provide new opportunities for the market.

Market Segment Insights:

The global insect protein market is bifurcated into product, application, and geography. On the basis of product, the market is further segmented into coleoptera, lepidoptera, hymenoptera, and others. The coleoptera segment is accounted to hold the largest market share around forty percent of the market in 2020. The traditional consumption of edible beetles in various countries is a major factor to drive the segment growth. In China, the Holotrichia parallela Motschulsky is known as edible insect spice is widely used due to its rich nutritional value.

By application, the market is classified into food & beverages, animal nutrition, personal care & cosmetics, and others. The food and beverage segment is accounted to hold a significant market share in 2020. The rising demand for protein alternative and increasing adoption of insect-based protein are some major factor to drive the segment growth. On the other hand, the growing demand for insect based ingredients is anticipated to drive the animal nutrition segment over the forecast period.

Insect Protein Market Size & CAGR

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The insect protein comprehensive study offers an in-depth analysis of industry trends, market size, competitive analysis, and market forecast – 2020 to 2027. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

The insect protein market research report presents the analysis of each segment from 2018 to 2027 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.

Historical & Forecast Period

  • 2018-19 – Historical Year
  • 2020 – Base Year
  • 2021-2027 – Forecast Period

Global Insect Protein Market Segmentation:

By Product:

  • Coleoptera
  • Lepidoptera
  • Hymenoptera
  • Orthoptera
  • Hemiptera
  • Diptera
  • Others

By Application:

  • Food & Beverages
  • Animal Nutrition
  • Personal Care & Cosmetics
  • Others

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Geographic Coverage:

Geographically, Europe dominated the global insect protein market in 2020 and expected to grow at the same trend over the forecast period. The increasing consumption of insect ingredients in food applications among youngster and older is a major factor has contributed the market growth in the region. Furthermore, the growing demand for insect-based protein in emerging economies is expected to drive market growth in Europe. The increasing consumer shift toward insect ingredient food due to rich nutritional value and increasing research and development in food application has contributed the market growth in North America.

Market Competition Assessment:

Some of the major players operating in the global insect protein market are Aspire Food Group Protifarm, EntomoFarms, Protifarm, Chapul Cricket Protein, and Imago Insect Products GmbH. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

List of Key Companies:

  • Aspire Food Group Protifarm
  • EntomoFarms
  • Protifarm
  • Chapul Cricket Protein
  • Imago Insect Products GmbH
  • EnviroFlight LLC
  • AgriProtein Holdings Ltd.
  • Ynsect
  • Hexafly
  • Innovafeed

Key Questions Answered by Insect Protein Market Report:

  • Global insect protein market forecasts from 2021-2027
  • Regional insect protein market forecasts from 2021-2027 covering Asia-Pacific, North America, Europe, Middle East and Africa, and Latin America
  • Country-level forecasts from 2021-2027 covering 15 major countries from the aforementioned regions
  • Insect protein submarket forecasts from 2021-2027 covering the market by product, by application, and geography
  • Various industry models such as SWOT analysis, Value Chain Analysis pertaining to the insect protein market
  • Analysis of the key factors driving and restraining the growth of the global, regional and country-level insect protein markets from 2021-2027
  • Competitive Landscape and market positioning of top 10 players operating in the insect protein market
Table of Content:

1. Preface


1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions

 

2. Executive Summary


2.1. Global Insect Protein Market Portraiture
2.2. Global Insect Protein Market, by Product, 2020 (USD Mn)
2.3. Global Insect Protein Market, by Application, 2020 (USD Mn)
2.4. Global Insect Protein Market, by Geography, 2020 (USD Mn)

 

3. Global Insect Protein Market Analysis


3.1. Insect Protein Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. COVID-19 Impact Analysis
3.6.1. V Shaped Recovery
3.6.2. U Shaped Recovery
3.6.3. L Shaped Recovery
3.6.4. W Shaped Recovery

 

4. Global Insect Protein Market By Product, 2018 – 2027 (USD Mn)


4.1. Overview
4.2. Coleoptera
4.3. Lepidoptera
4.4. Hymenoptera
4.5. Orthoptera
4.6. Hemiptera
4.7. Diptera
4.8. Others

 

5. Global Insect Protein Market By Application, 2018 – 2027 (USD Mn)


5.1. Overview
5.2. Food & Beverages
5.3. Animal Nutrition
5.4. Personal Care & Cosmetics
5.5. Others

 

6. North America Insect Protein Market Analysis and Forecast, 2018 – 2027 (USD Mn)


6.1.1. Overview
6.1.2. North America Insect Protein Market by Product (2018-2027 USD Mn)
6.1.3. North America Insect Protein Market by Application (2018-2027 USD Mn)
6.1.4. North America Insect Protein Market by Country (2018-2027 USD Mn)
6.1.4.1. U.S.
6.1.4.1.1. U.S. Insect Protein Market by Product (2018-2027 USD Mn)
6.1.4.1.2. U.S. Insect Protein Market by Application (2018-2027 USD Mn)
6.1.4.2. Canada
6.1.4.2.1. Canada Insect Protein Market by Product (2018-2027 USD Mn)
6.1.4.2.2. Canada Insect Protein Market by Application (2018-2027 USD Mn)

 

7. Europe Insect Protein Market Analysis and Forecast, 2018 – 2027 (USD Mn)


7.1.1. Overview
7.1.2. Europe Insect Protein Market by Product (2018-2027 USD Mn)
7.1.3. Europe Insect Protein Market by Application (2018-2027 USD Mn)
7.1.4. Europe Insect Protein Market by Country (2018-2027 USD Mn)
7.1.4.1. Germany
7.1.4.1.1. Germany Insect Protein Market by Product (2018-2027 USD Mn)
7.1.4.1.2. Germany Insect Protein Market by Application (2018-2027 USD Mn)
7.1.4.2. U.K.
7.1.4.2.1. U.K. Insect Protein Market by Product (2018-2027 USD Mn)
7.1.4.2.2. U.K. Insect Protein Market by Application (2018-2027 USD Mn)
7.1.4.3. France
7.1.4.3.1. France Insect Protein Market by Product (2018-2027 USD Mn)
7.1.4.3.2. France Insect Protein Market by Application (2018-2027 USD Mn)
7.1.4.4. Italy
7.1.4.4.1. Italy Insect Protein Market by Product (2018-2027 USD Mn)
7.1.4.4.2. Italy Insect Protein Market by Application (2018-2027 USD Mn)
7.1.4.5. Rest of Europe
7.1.4.5.1. Rest of Europe Insect Protein Market by Product (2018-2027 USD Mn)
7.1.4.5.2. Rest of Europe Insect Protein Market by Application (2018-2027 USD Mn)

 

8. Asia Pacific Insect Protein Market Analysis and Forecast, 2018 – 2027 (USD Mn)


8.1.1. Overview
8.1.2. Asia Pacific Insect Protein Market by Product (2018-2027 USD Mn)
8.1.3. Asia Pacific Insect Protein Market by Application (2018-2027 USD Mn)
8.1.4. Asia Pacific Insect Protein Market by Country (2018-2027 USD Mn)
8.1.4.1. China
8.1.4.1.1. China Insect Protein Market by Product (2018-2027 USD Mn)
8.1.4.1.2. China Insect Protein Market by Application (2018-2027 USD Mn)
8.1.4.2. Japan
8.1.4.2.1. Japan Insect Protein Market by Product (2018-2027 USD Mn)
8.1.4.2.2. Japan Insect Protein Market by Application (2018-2027 USD Mn)
8.1.4.3. Rest of Asia Pacific
8.1.4.3.1. Rest of Asia Pacific Insect Protein Market by Product (2018-2027 USD Mn)
8.1.4.3.2. Rest of Asia Pacific Insect Protein Market by Application (2018-2027 USD Mn)

 

9. Latin America (LATAM) Insect Protein Market Analysis and Forecast, 2018 – 2027 (USD Mn)


9.1.1. Overview
9.1.2. Latin America Insect Protein Market by Product (2018-2027 USD Mn)
9.1.3. Latin America Insect Protein Market by Application (2018-2027 USD Mn)
9.1.4. Latin America Insect Protein Market by Country (2018-2027 USD Mn)
9.1.4.1. Brazil
9.1.4.1.1. Brazil Insect Protein Market by Product (2018-2027 USD Mn)
9.1.4.1.2. Brazil Insect Protein Market by Application (2018-2027 USD Mn)
9.1.4.2. Mexico
9.1.4.2.1. Mexico Insect Protein Market by Product (2018-2027 USD Mn)
9.1.4.2.2. Mexico Insect Protein Market by Application (2018-2027 USD Mn)
9.1.4.3. Rest of Latin America
9.1.4.3.1. Rest of Latin America Insect Protein Market by Product (2018-2027 USD Mn)
9.1.4.3.2. Rest of Latin America Insect Protein Market by Application (2018-2027 USD Mn)

 

10. Middle East and Africa Insect Protein Market Analysis and Forecast, 2018 – 2027 (USD Mn)


10.1.1. Overview
10.1.2. MEA Insect Protein Market by Product (2018-2027 USD Mn)
10.1.3. MEA Insect Protein Market by Application (2018-2027 USD Mn)
10.1.4. Middle East and Africa Insect Protein Market, by Country (2018-2027 USD Mn)
10.1.4.1. GCC
10.1.4.1.1. GCC Insect Protein Market by Product (2018-2027 USD Mn)
10.1.4.1.2. GCC Insect Protein Market by Application (2018-2027 USD Mn)
10.1.4.2. Rest of MEA
10.1.4.2.1. Rest of MEA Insect Protein Market by Product (2018-2027 USD Mn)
10.1.4.2.2. Rest of MEA Insect Protein Market by Application (2018-2027 USD Mn)

 

11. Company Profiles


11.1. Aspire Food Group Protifarm
11.1.1. Business Description
11.1.2. Financial Health and Budget Allocation
11.1.3. Product Positions/Portfolio
11.1.4. Recent Development
11.1.5. SWOT Analysis
11.2. EntomoFarms
11.2.1. Business Description
11.2.2. Financial Health and Budget Allocation
11.2.3. Product Positions/Portfolio
11.2.4. Recent Development
11.2.5. SWOT Analysis
11.3. Protifarm
11.3.1. Business Description
11.3.2. Financial Health and Budget Allocation
11.3.3. Product Positions/Portfolio
11.3.4. Recent Development
11.3.5. SWOT Analysis
11.4. Chapul Cricket Protein
11.4.1. Business Description
11.4.2. Financial Health and Budget Allocation
11.4.3. Product Positions/Portfolio
11.4.4. Recent Development
11.4.5. SWOT Analysis
11.5. Imago Insect Products GmbH
11.5.1. Business Description
11.5.2. Financial Health and Budget Allocation
11.5.3. Product Positions/Portfolio
11.5.4. Recent Development
11.5.5. SWOT Analysis
11.6. EnviroFlight LLC
11.6.1. Business Description
11.6.2. Financial Health and Budget Allocation
11.6.3. Product Positions/Portfolio
11.6.4. Recent Development
11.6.5. SWOT Analysis
11.7. AgriProtein Holdings Ltd.
11.7.1. Business Description
11.7.2. Financial Health and Budget Allocation
11.7.3. Product Positions/Portfolio
11.7.4. Recent Development
11.7.5. SWOT Analysis
11.8. Ynsect
11.8.1. Business Description
11.8.2. Financial Health and Budget Allocation
11.8.3. Product Positions/Portfolio
11.8.4. Recent Development
11.8.5. SWOT Analysis
11.9. Hexafly
11.9.1. Business Description
11.9.2. Financial Health and Budget Allocation
11.9.3. Product Positions/Portfolio
11.9.4. Recent Development
11.9.5. SWOT Analysis
11.10. Innovafeed
11.10.1. Business Description
11.10.2. Financial Health and Budget Allocation
11.10.3. Product Positions/Portfolio
11.10.4. Recent Development
11.10.5. SWOT Analysis
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