Insect-based Protein Market Growth Opportunities, Key Players, and Threads Analysis (2023-2029)

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In 2021, the market for Insect-based Protein was worth USD 153.92 million. A CAGR of 24.2% is predicted for the market, which is expected to increase from USD 189.32 million in 2023 to USD 856.08 million by 2029. Insect protein demand has been lower than anticipated in all regions compared to pre-pandemic levels, a result of the unprecedented and staggering COVID-19 pandemic. According to our analysis, the global market showed a decline of 21.66% from 2019 to 2021.

The Global Insect-based Protein Market Size, Scope, and Forecast 2023-2029 report has been added to the Market research collection of Market Intelligence Data reports. Industry experts and researchers have offered an authoritative and concise analysis of the Insect-based Protein Market with respect to various aspects such as growth factors, challenges, restraints, developments, and opportunities for growth. This report provides a pin-point analysis of changing dynamics and emerging trends in the Insect-based Protein Market. Additionally, it provides a futuristic perspective on various factors that are likely to fuel the growth of the Worldwide Insect-based Protein Market in the coming years.

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Some of the key players profiled in the study are Thailand Unique, Agriprotein Technologies, Proti-Farm, EnviroFlight, Entomo Farms, Nordic Insect, Kreca Ento-Food, CRIK Nutrition, Exo Protein, Deli Bugs, Hopper Foods, Kric8 and other Prominent players.

KEY INDUSTRY DEVELOPMENTS:

January 2019: EnviroFlight LLC opened its first commercial production facility in Kentucky, US, to enlarge its production of insect protein from black soldier flies. Approximately USD 32 million was invested in the construction of this novel production facility.

Competition is an important issue in any market research analysis. With the help of the competitive analysis provided in the report, players can easily study the key strategies employed by leading players in the Insect-based Protein market. The major and emerging players of the Insect-based Protein Market are closely studied considering their market share, production, sales, revenue growth, gross margin, product portfolio, and other important factors. This will help players familiarize themselves with the movements of their toughest competitors in the Insect-based Protein market.

If opting for the Global version of Insect-based Protein Market; then the below country analysis would be included:

- North America (the USA, Canada, and Mexico)

North America dominated the insect protein market and is projected to grow with a CAGR of 33.45% during the forecast period (2023 - 2029)

North America is anticipated to hold the largest market share in the insect protein market in 2022, followed by Europe, Asia Pacific, and RoW. The presence of key insect protein manufacturing companies in developed regions such as North America and Europe contributes to these regions' high market share. Many start-ups have been established in the region that provide both edible insects and insect protein-based products for food and feed applications. Enterra Feed Corporation (Canada), Entomo Farms (Canada), EnviroFlight LLC (US), and Aspire Food Group (US) are some of the leading companies providing insect protein-based products. The market for insect protein-based food products is projected to record the fastest growth during the forecast period due to the increasing awareness among people.

- Europe (Germany, France, the United Kingdom, Netherlands, Italy, Nordic Nations, Spain, Switzerland, and the Rest of Europe)

- Asia-Pacific (China, Japan, Australia, New Zealand, South Korea, India, Southeast Asia, and the Rest of APAC)

- South America (Brazil, Argentina, Chile, Colombia, the Rest of the countries, etc.)

- the Middle East and Africa (Saudi Arabia, United Arab Emirates, Israel, Egypt, Turkey, Nigeria, South Africa, Rest of MEA)

The segmental analysis section of the report includes a thorough research study on key type and application segments of the Insect-based Protein market

Insect-based Protein Market (By Types)

Crickets

Black Soldier Flies

Mealworms

Others

Insect-based Protein Market (By Application)

Food and Beverage

Animal Nutrition

Pharmaceutical & Cosmetics

Others

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Important years considered in the Insect-based Protein study:

Historical year - 2017-2021;
Base year - 2022;
Forecast period** - 2023 to 2029 [** unless otherwise stated]

Table of Contents:

Introduction of the Global Insect-based Protein Market
- Overview of the Market
- Scope of Report
- Assumptions
Executive Summary
Research Methodology of Market Intelligence Data
- Data Mining
- Validation
- Primary Interviews
- List of Data Sources
Global Insect-based Protein Market Outlook
- Overview
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Porters Five Force Model
- Value Chain Analysis
Global Insect-based Protein Market, By Product
Global Insect-based Protein Market, By Application
Global Insect-based Protein Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the World
Insect-based Protein Manufacturing Cost Analysis
Global Insect-based Protein Market Competitive Landscape
- Overview
- Company Market Ranking
- Key Development Strategies
Industrial Chain, Sourcing Strategy and Downstream Buyers
Marketing Strategy Analysis, Distributors/Traders
Company Profiles
Appendix

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Reasons to Procure this Report:

The research would help top administration/policymakers/professionals/product advancements/sales managers and stakeholders in this market in the following ways.

The report provides Insect-based Protein market revenues at the worldwide, regional, and country levels with a complete analysis to 2029 permitting companies to analyze their market share and analyze projections, and find new markets to aim for.

The research includes the Insect-based Protein market split by different types, applications, technologies, and end-uses. This segmentation helps leaders plan their products and finances based on the upcoming development rates of each segment.

Insect-based Protein market analysis benefits investors by knowing the scope and position of the market giving them information on key drivers, challenges, restraints, and expansion chances of the market and moderate threats.

This report would help to understand competition better with a detailed analysis and key strategies of their competitors and plan their position in the business.

The study helps evaluate Insect-based Protein business predictions by region, key countries, and top companies' information to channel their investments.

What is new in 2023?

- Major developments that can change the business landscape as well as market forecasts.

- Addition/refinement in segmentation-Increase in depth or width of segmentation of the market.

- Coverage of new market players and change in the market share of existing players of the Insect-based Protein market.

- Updated financial information and product portfolios of players operating in the Insect-based Protein market.

- Updated market developments of the profiled players.

- Any new data points/analysis (frameworks) which was not present in the previous version of the report

The new edition of the report consists of trends/disruptions on customer's business, tariff and regulatory landscape, pricing analysis, and a market ecosystem map to enable a better understanding of the market dynamics for Insect-based Protein.

Customization services available with the report:

-20% customization.

-Five Countries can be added as per your choice.

-Five Companies can added as per your choice.

- customization upto 40 hours.

-Post-sales support for 1 year from the date of delivery.

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