Report Description
A recent market
intelligence report that is published by Data Insights Partner on the global Protein
Insects Market makes an offering of in-depth analysis of segments and
sub-segments in the regional and international Protein Insects Market. The
research also emphasizes on the impact of restraints, drivers, and macro
indicators on the regional and global Protein Insects Market over the short as
well as long period of time. A detailed presentation of forecast, trends, and
dollar values of global Protein Insects Market `is offered. In accordance with the
report, the global Protein Insects Market is projected to expand at a CAGR of 35.2%
over the period of forecast.
Market Insight, Drivers, Restraints&
Opportunity of the Market:
Insects are more
protein rich when compared to plants and animal’s proteins. Insects protein was
primarily utilized for feeding livestock because of its rich nutrition content.
Insects body is mostly comprised of proteins and this can be used as an
alternative to plant and animal protein. It is used in protein bars and snacks
as a protein alternative and food additive in food and beverages industry. Increased
demand of high protein foods and beverages among consumers owing to nutritional
content and immunity boosting capacity is the driving force of this market.
With rising population, the demand of animal protein like eggs, meat, fish are
rising posing environmental hemorrhage. The rearing of insects for its protein
is gaining importance because of its lower possibility of environmental
threats. The waste of producing insect protein can also be used as a high
protein food and a replacement for fish. Changing attitudes of the consumer to
consume alternative protein and insect-based food and the availability of
eatable insects is enhancing this market. With its increased application in
food and beverages, pet food, cosmetics, and pharmaceuticals the Insects
Protein Market is gaining importance.
High cost of
producing insect protein can hamper the insect protein market. Also, lack of
awareness of the availability and usability of this product can significantly
hamper the growth of this market. Non-acceptance of feeding insects due to
cultural norms in certain regions can disturb this market. Also, the lack of
adequate directive regarding the usage of insect’s protein in the food and
beverage industry can hinder its growth.
The growing
awareness of consumption of insect protein due to its nutritional content, more
protein than animal and plant protein is likely to improve the market
structure. To overcome the problem of availability and usage of insect’s
protein, many business start-ups companies who were selling these products
online were merging with retail and convenience stores. For instance, an insect
protein manufacturer from UK, EatGrub united its business forces with Finland’s
dominating supermarket group SOK. A well thought out collaborating strategy of
producers to increase product image is an initial impetus to the insect protein
market. The growing tendency of people to adopt pets is likely to increase the
demand of pet foods and surge up the insect’s protein market. Growth of firms
producing HI provides lucrative opportunities for the development of this
product. The growing awareness of consumers for a healthy diet leading to
healthy lifestyle is expected to steer up the Insect Protein Market.
Segment Covered:
This market
intelligence report on the global Insects Protein Market is segmented on the
basis of product type, application, end-use, and region
In terms of Product Type, the Insects Protein
Market is segregated
into,
§ Black Soldier Flies
§ Ants
§ Mealworms
§ Crickets
§ Grasshoppers
§ Others (silkworms, beetles, buffalo worms)
By Application, the global Insects Protein
Market is also classified into,
§ Human Nutrition (food and beverage, pharmaceuticals, Nutraceuticals,
Cosmetics, and Others)
§ Animal Nutrition (Poultry Feed, Aqua Feed, Pet Feed and
Others)
By End-Use, the global Insects Protein Market is
segmented into,
§ Bakery Products and Confectioneries
§ Cookies
§ Protein Bars
§ Energy Bars
§ Protein Based Snacks
§ Dietary Supplements
§ Cosmetics
§ Pet Food
§ Animal Feed
§ Other
By country/region, the global E-Commerce Fulfillment
Services Market has been
divided into
§ North America (the U.S., Canada),
§ Latin America (Brazil, Mexico, Argentina and other
countries),
§ Europe (Germany, France, the U.K., Spain, Italy, Russia,
and other countries),
§ Asia Pacific (India, Japan, China, Australia and New
Zealand and other countries),
§ Middle East and Africa (GCC, South Africa, Israel and
Other countries).
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the Insects Protein market. Companies such as
§ AgriProtein Holdings Ltd
§ Ynsect
§ Protix
§ Hexafly
§ Protifarm
§ Jimini’s
§ EntomoFarms
§ Aspire Food Group
§ InnovaFeed SAS
§ Swarm Nutrition GmbH
§ Chapul Cricket Protein
Other players have
been profiled into detail so as to offer a glimpse of the market leaders.
Moreover, parameters such as E-Commerce Fulfillment Services Market related
investment & spending and developments by major players of the market are
tracked in this global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2020-2028. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in
each of the geographical segments gives an insight into market share of the
global players.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the Insects Protein Market, size of the
market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of
forecast: 2020 – 2028, taking into account 2019 as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, launch of new products, competitive market strategies of
leading market players, emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world Insects Protein Market is done by
taking into account various parameters such as company strategies, distribution
strategies, product portfolio, financial performance, key developments,
geographical presence, and company overview
Ø
Leading
market players covered this report comprise names such as Ynsect, Protix,
Jimini’s, Hexafly, ProtiFarm, Aspire Food Groups and many more.
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of products, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The world
market for Insects Protein caters to the needs of various stakeholders pertaining to this
industry, namely suppliers, manufacturers, investors, and distributors for
Insects Protein Market. The research also caters to the rising needs of consulting
and research firms, financial analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the
investment opportunities in the Insects Protein Market
v
Identification
of key factors driving investment opportunities in the Insects Protein Market
v
Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to your competitors’
business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants