Global Insect Protein Market is Expected to Grow at CAGR of 24.2% in the Forecast Period of 2020 to 2027

Global Insect Protein Market is growing at CAGR of 24.2% with factors such as increasing consumption of insect protein in the pharmaceutical and cosmetics industries.

Insect protein market has shown an exceptional penetration in countries such as the U.S., Germany and China. Growing usage of insect protein is increasing the penetration in developed countries. In developing countries, increasing demand of high energy protein supplements.

Insect protein Market Scenario

According to Data Bridge Market Research the insect protein market for insect protein in the Asia-Pacific region has the highest market share followed by North America and Europe. Market leader are EnviroFlight, LLC, AgriProtein and Protifarm accounts an estimated market share of approximately 35% to 38% in the Asia-Pacific. The company has gained outstanding sale through their wide range of Insect protein that have wide range of application pharmaceutical and cosmetic sector.

For instance,

  • In May 2020, Beta Hatch announces that the company receives a funding of USD 3.00 million for the construction of new manufacturing units to expand their product portfolio in the market.
  • In February 2017, AgriProtein announces that they had partnered with Christof Industries to build up to 25 fly farms in a year to convert organic waste into insect protein for animal feeds. Under this partnership AgriProtein plans to build 100 factories by 2024.

Insect Protein MarketTrends Impacting the Market

Now the question is which other regions EnviroFlight, LLC, Protifarm, AgriProtein are targeting? Data Bridge Market Research has forecasted a large growth in Asia-Pacific insect protein market and the market leaders targeting China and India to be their next revenue pockets for 2020.

The insect protein market is becoming more competitive every year with companies such as BASF SE, SCG and Honeywell International as they are the market leaders for insect protein. The data bridge market research new reports highlight the major growth factors and opportunities in the insect protein market.

For more analysis on the insect protein market request for a briefing with our analysts

Scope of the Insect protein Market

Global insect protein market is segmented on the basis of countries into the U.S., Canada, Mexico, Germany, U.K., Italy, France, Spain, Russia, Turkey, Switzerland, Belgium, Netherlands, Rest of Europe, Japan, China, South Korea, India, Australia and New Zealand, Singapore, Thailand, Hong-Kong, Taiwan, Indonesia, Malaysia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Egypt, Saudi Arabia, U.A.E., Israel, Rest of Middle East & Africa.

  • All country based analysis of insect protein market is further analyzed based on further segmentation. On the basis of  insect type, the market is segmented into beetles, caterpillars, bees, wasps & ants, grasshoppers, locusts, crickets, cicadas, leafhoppers, planthoppers, scale insects, true bugs, termites, dragonflies, flies, mealworms, black soldiers flies, and others. On the basis of application, the market is segmented into food & beverage, feed, and pharmaceuticals and cosmetics. On the basis of distribution channels the market is segmented into direct and indirect.

To know more about the study

Key Pointers Covered in Insect Protein Market Industry Trends and Forecast to 2027

  • Market Size
  • Market Standards and Changes
  • Market Trials in Different Regions
  • Market Requirements in Different Regions
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Recent Market Value for Different regions
  • Sales Data for Market Competitors
  • Key Vendors and Disruptors Study
  • Supply Chain Competiveness
  • Value Chain Analysis

Key Market Competitors Covered in the Report

  • EnviroFlight, LLC
  • Innovafeed
  • Hexafly 
  • Ynsect
  • Protix
  • EntomoFarms
  • Protifarm 
  • Aspire Food Group
  • Seek Food
  • Chapul Cricket Protein
  • Enterra Feed Corporation
  • Beta Hatch
  • Entobel
  • insectum
  • Protifly
  • Protenga Pte Ltd
  • Global Bugs

Above are the key players covered in the report, to know about more and exhaustive list of insect protein companies, contact us:

Research Methodology: Global Insect Protein Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

  • Demand Side: Food and Beverage, Cosmetic, Pharmaceutical
  • Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.

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