Insect Protein Market

1
Insect Protein Market Trends, Size, Share,
Demands, Overview, Growth, Revenue and Forecast
to 2030
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Sternal Closure Systems Market Trends Forecast
Till 2030
Insect Protein Market by Insect Type (Cricket,
Grasshoppers, Ants, Mealworms, Black Soldier
Flies, and Others), Application (Food
Beverages, Animal Nutrition, Pharmaceutical
Cosmetics), Distribution Channel, and region
(North America, Europe, Asia-Pacific, Middle East
and Africa and South America).
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Market Overview
Insects are an essential part of the everyday
food intake for over 2 billion people worldwide.
Apart from the high protein content, insects are
a source of essential fats, high-quality lipids,
fiber, vitamins, and minerals such as iron and
calcium. The most used insect protein production
is mealworms, black soldier flies, locusts, and
crickets. While lipids can be used in biofuels
and by-products such as chitin exhibit great
potential in the pharmaceutical and bioplastic
industries, insect-based proteins can be majorly
used in food, pet food, fish, and animal
feed. The key factors positively impacting the
growth of the insect protein market are the
rising awareness about the high nutritional value
of insects, growing preference for innovative
protein sources considering the rising greenhouse
gas emissions from the animal industries, the
environmental benefits of insect proteins, the
increasing demand for insect proteins in the
animal feed industry, and the low risk of
transmitting zoonotic diseases with the
consumption of insect proteins. Purchase this
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Market Overview
Insect protein is one of the unique, promising
animal feed proteins, owing to its functional,
environmental, and nutritional benefits. However,
high costs, legislation, and limited production
capacity remain the main restraining factors for
growth. Insect-based proteins are still expensive
to produce the equipment and procedures required
to make them need optimization for large-scale
production. Few consumers are inclined to pay
higher prices for the health and environmental
benefits of protein derived from insects, but
numerous are priced out of this market. The
impact of COVID-19 has affected most countries
across the world. Lockdowns, owing to COVID-19
adversely affected the global insect protein
market growth. The pandemic led to several
challenges to the food sector the meat market
has been poorly hit globally. The risk of
continuous production, supply, distribution, lack
of workforce, and lesser development activities
have concerned the insect feed market. On 11
March 2020, WHO characterized the COVID-19
outbreak as a pandemic after spreading to 114
countries. As a result, a potential shift in
consumers' food choices might occur, particularly
concerning food of animal origin. Therefore, it
is projected that there will be a higher
rejection to consume unusual foods of animal
origin like insects.
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Key Findings
The Insect Protein Market is segmented into
insect type, application, distribution channel,
and region Insects are an essential part of the
everyday food intake for over 2 billion people
worldwide. Apart from the high protein content,
insects are a source of essential fats,
high-quality lipids, fiber, vitamins, and
minerals such as iron and calcium. The key
factors positively impacting the growth of the
insect protein market are the rising awareness
about the high nutritional value of insects,
growing preference for innovative protein sources
considering the rising greenhouse gas emissions
from the animal industries, the environmental
benefits of insect proteins, the increasing
demand for insect proteins in the animal feed
industry, and the low risk of transmitting
zoonotic diseases with the consumption of insect
proteins.
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Key Findings
The distribution channel segment is further
bifurcated into Offline and Online. The offline
distribution channel is the most widely used and
held the largest market share and is anticipated
to dominate the market during the forecast
period. The market is also divided into various
regions such as North America, Europe,
Asia-Pacific, South America, and Middle East and
Africa. North America is estimated to account for
the largest market share during the forecast
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Competitive Landscape

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

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Recent Developments
April 2022, Global Bugs has made a strategic
partnership with Innovative Natural Solutions.
The goal of Global Bugs Asia (GBA) and Innovative
Natural Solutions (INS) is to collaboratively
promote, support, manufacture and distribute
nutritious food items using a combination of
plant-based components and crickets. October
2021, Aspire Food Group has expanded their
automated production facility in London, to
produce 10,000 tons of crickets/per year.
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Contact Information
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