Middle East and Africa Insect Protein Market, By Insect Type (Beetles, Caterpillars, Bees, Wasps & Ants, Grasshoppers, Locusts, Crickets, True Bugs, Black Soldier Flies, Cicadas, Leafhoppers, Plant Hoppers, Scale Insects, Termites, Dragonflies, Flies, Mealworms and Others), Application (Feed, Food & Beverage and Pharmaceuticals and Cosmetics), Distribution Channel (Direct and Indirect), Country (South Africa, Saudi Arabia, Qatar, Kuwait, U.A.E., Ethiopia, Rest of Middle East and Africa) Industry Trends and Forecast to 2027
Middle East and Africa insect protein market are expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with the CAGR of 19.1% in the forecast period of 2020 to 2027 and expected to reach USD 42,607.94 thousands by 2027.
Increasing awareness among consumers about health benefits of insect protein is helping the market to grow in the region. The protein obtained from an insect is known as insect protein. There are many edibles varieties of insect that contain high quality of protein, vitamins, amino acids, unsaturated fatty acids, and minerals. These insects are processed and utilized in application such as food & beverages, feed, pet food, pharmaceutical and cosmetic sector.
This insect protein products market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographical expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Insect protein market is segmented into three notable segments which are bifurcated on the basis of insect type, application and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of insect type, the Middle East and Africa insect protein market is segmented into beetles, caterpillars, bees, wasps & ants, grasshoppers, locusts, crickets, true bugs, black soldier flies, cicadas, leafhoppers, plant hoppers, scale insects, termites, dragonflies, flies, mealworms and others. In 2020, beetles segment is dominating the market as it has wide applications in food & beverage and feed industry. It is also easily available, thus it is dominating the market.
- On the basis of application, the Middle East and Africa insect protein market is segmented into feed, food & beverage and pharmaceuticals and cosmetics. In 2020, feed segment is dominating the market as feed is the only industry where application of insects or insect based protein was initially allowed by the countries.
- On the basis of distribution channel, the Middle East and Africa insect protein market is segmented into direct and indirect. In 2020 direct distribution channel is dominating the market as direct purchase of both food and feed products is preferred by the consumers.
Insect Protein Market Country Level Analysis
Insect protein market is analysed and market size information is provided by insect type, application and distribution channel.
The countries covered in the insect protein market report are South Africa, Saudi Arabia, Qatar, Kuwait, U.A.E., Ethiopia, Rest of Middle East and Africa.
South Africa is dominating the market as the consumption of insect and related products among animals such as aqua sector and foods are high. Due to high demand the country represents large share in Middle East and Africa region. Further it is followed by Saudi Arabia where awareness regarding insect’s protein is increasing.
The country section of the insect protein market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Insect Protein Market Share Analysis
Insect 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, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to insect protein market.
The major players covered in the insect protein market report are EnviroFlight, LLC, Aspire Food Group and AgriProtein, among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many product developments are also initiated by the companies worldwide which are also accelerating the growth of insect protein market.
- 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.
Customization Available: Middle East and Africa Insect Protein Market
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