Global Grasshoppers Protein Market – Industry Trends and Forecast to 2030

Global Grasshoppers Protein Market, By Usage (Flour, Protein Bars, Snacks, Others), Application (Food and Beverage, Animal Nutrition, Pharmaceuticals, Cosmetics), Distribution Channels (Direct and Indirect) - Industry Trends and Forecast to 2030.

Grasshoppers Protein Market Analysis and Size

When compared to other animals and plants, insects are a better source of protein. Insect protein production is less expensive. In the beginning, insect protein was only used in animal feed. However, as more people become aware of the high protein content of insects, it has become widely used in a variety of industries.

Data Bridge Market Research analyzes that the grasshoppers protein market was valued at USD 129.78 million in 2022 and is expected to reach the value of USD 613.22 million by 2030, at a CAGR of 21.0% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Report Scope and Market Segmentation

Market Definition

Grasshoppers have 72 percent protein content, which includes all essential amino acids, which is much higher than beef. They have no saturated fat or cholesterol. They contain no antibiotics or hormones. They also contain omega-3 fatty acids, iron, zinc, folic acid, B12, and chitin, which slows our metabolism and may aid in weight loss.

Global Grasshoppers Protein Market Dynamics

Drivers

• Environmental benefits associated with insects is augmenting market growth

Insect rearing reduces environmental impact by reducing water use, land use, feed consumption, and greenhouse gas emissions. Food production's environmental impact is at the forefront of sustainability debates, particularly the need to reduce CO2 emissions and other issues such as water and land use. Insects are essential to the ecosystem. They significantly impact plant reproduction through pollination and aid in soil fertility improvement through waste bioconversion. Insect rearing is also a viable and environmentally friendly alternative to traditional livestock rearing due to their high feed conversion efficiency. Insects emit far less ammonia and greenhouse gases than cattle and pigs. Furthermore, insects consume far less land and water than cattle.

Opportunity

• Health and Wellness Trends

The surging health and wellness trend has led consumers to prioritize nutritious and sustainable protein sources. Grasshopper protein aligns perfectly with these demands. It boasts high protein content, essential vitamins, and minerals, all while being environmentally friendly with minimal resource requirements. As health-conscious consumers seek ethical and nutrient-dense options, grasshopper protein presents an innovative and eco-friendly solution, positioning itself as a standout choice in the evolving landscape of healthy and sustainable dietary preferences.

 Restraints

• Availability Of Eco-Friendly Alternatives

The grasshopper protein market faces significant regulatory challenges. Creating standardized and comprehensive regulations for edible insects like grasshoppers can prove intricate and time-intensive. Furthermore, the varying regulatory approaches in different regions create inconsistencies that may impede market expansion. Harmonizing regulations, ensuring food safety, and addressing cultural biases are crucial steps to navigate these challenges and unlock the full potential of the grasshopper protein market on a global scale.

This grasshoppers protein market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyzes opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the grasshoppers protein market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Development

• In March 2020, Thai Union Group (Thailand) announced plans to invest $30 million in alternative proteins and other FoodTech innovations. The company also invested an undisclosed amount in an insect protein start-up, Flying Spark (Israel). These developments are expected to enhance the company’s presence in the insect protein market in the coming years
• In March 2020, Protix BV, an insect farming company that rears black soldier fly larvae and processes them into ingredients like proteins and lipids, announced raising funds (an undisclosed amount) from Rabo Corporate to enhance its insect production facility in the Netherlands

Global Grasshoppers Protein Market Scope

The grasshoppers protein market is segmented on the basis of usage, application and distribution channels. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Usage

• Flour
• Protein Bars
• Snacks
• Others

Application

• Food and Beverage
• Animal Nutrition
• Pharmaceuticals
• Cosmetics

Distribution channel

• Direct
• Indirect

Grasshoppers Protein Market Regional Analysis/Insights

The grasshoppers protein market is analyzed and market size insights and trends are provided by country, usage, application and distribution channels as referenced above.

The countries covered in the grasshoppers protein market report are U.S., Canada and Mexico, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, rest of Middle East and Africa, Brazil, Argentina and rest of South America.

Europe is expected to dominate the grasshopper protein market because of the growing popularity of edible insects in both food and feed applications in this region. North America is expected to show fastest growth in the market due to rising demand for insect-based foods and the region's large number of insect farmers and insect food product manufacturers.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data. 

Competitive Landscape and Grasshoppers Protein Market Share Analysis

The grasshoppers protein market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to grasshoppers protein market.

Some of the major players operating in the grasshoppers protein market are:

• Ÿnsect (SAS) (France)
• Protix B.V. (Netherlands)
• Enterra Feed Corporation (Canada)
• InnovaFeed (France)
• EnviroFlight, LLC (U.S.)
• Nutrition Technologies Group (Singapore)
• Entomo Farms (Canada)
• Hargol FoodTech (Israel)
• Aspire Food Group (U.S.)
• All Things Bugs LLC (U.S.)
• Beta Hatch (U.S.)
• EntoCube OY (Finland)
• Armstrong Crickets Georgia (U.S.)
• Global Bugs Asia Co., Ltd (Thailand)
• JR Unique Foods (Thailand)
• Cricket Lab Limited (U.K.)
• BioflyTech (Spain)
• TEBRIO (Spain)
• nextProtein (France)
• Hexafly (Ireland)
• HiProMine S.A. (Poland)
• Protenga Pte. Ltd. (Singapore)