Europe Insect Protein Market to Showcase Sky Rocking Growth at a CAGR of 28.9% from 2023 to 2030

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Europe Insect Protein Market Analysis and Size

The Europe insect protein market is being driven by the raising awareness about the benefits of insect protein, growing demand for alternative protein sources, easy availability of edible insects and snacks, and increasing investment in R&D. However, factors such as the lack of automated farming method, lower consumer acceptance level, and stringent regulatory framework are expected to restrain the market growth.

Data Bridge Market Research analyzes that the Europe insect protein market is expected to reach the value of USD 1,081,464.59 thousand by 2030, growing at a CAGR of 28.9% during the forecast period of 2023 to 2030.

The protein obtained from an insect is known as insect protein. There are many edible varieties of insects that contain high-quality protein, vitamins, amino acids, unsaturated fatty acids, and minerals. These insects are processed and utilized in applications such as food & beverages, feed, pet food, pharmaceutical, and cosmetic sectors. Insects have more amount of protein in comparison to conventional sources of protein such as beef, poultry, and pork). They have a high feed conversion efficiency ratio and also require less amount of water. Moreover, they also produce 80 times less methane than ruminants. They not only provide more amount of protein but also provide high-quality protein that can be used in the food products such as cookies, breads, desserts, soups, chips, and other snacks.

For instance,

According to the UN Population Division, the world population is expected to reach 9.7 billion in 2050 and 10.3 billion by 2100. Furthermore, the UN Food and Agriculture Organization (FAO) warns that to meet the new demand, food production will need to increase by 70%

However, future protein production must avoid exacerbating climate change, as the conventional livestock industry is under increasing scrutiny for its high greenhouse gas emissions. With localized feeding cycles, insect protein developers believe they can help feed the planet sustainably.

Rising awareness about the benefits of insect proteins

Consumption of insects is known as entomophagy and it is practiced in various countries across the world as a part of traditional diet. Due to multiple benefits associated with the consumption of insects such as weight management, fighting malnutrition, and improving gut health, its demand has been increasing rapidly.

The eating of insects has gradually expanded as the benefits have become widely publicized. There are around 2,000 edible species recognized. Adult crickets have a protein content of 65% by weight, which is more than beef (23%) and tofu (8%). Insects transform their feed into energy significantly more efficiently than conventional cattle. Adult crickets and mealworm larvae require 5-10 times less feed than calves to gain the same amount of weight. Insects are also cold-blooded, so they do not use their metabolism to heat or cool themselves, decreasing energy, and food consumption even further.

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