The global demand for Insect Alternative Protein Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028. Whereas with regards to volume, the market was calculated XX Kilo Tons in 2019 and foreseen to touch XX Kilo Tons by 2026 with a CAGR of XX% during 2020-2026.
Insect alternative protein contains high nutritional content, rich in protein and fat, and can provide essential amino acids, unsaturated fatty acids, and micronutrients. Besides fats and proteins, insects are also an excellent source of vitamins and minerals. They have greater food conversion efficiency and produce lower greenhouse gas emissions (GHGEs) while requiring less water and land compared compare to traditional animal husbandry. The consumption of insects contributes positively to the environment, food and nutritional security, and healthy life for present and future generations.
Increasing population growth will result in additional demand for food worldwide. Conventional protein sources such as beef, pork, and chicken meat are insufficient to meet this need, subsequently opening the door to alternative sources. Insect alternative protein shows great potential as an environmentally friendly choice for future food systems. Even though insects are being championed as a healthy and sustainable alternative to conventional protein, very small groups of people consume insects as protein sources. There is a lack of hype around edible insects. There is still massive room for market growth. Players are addressing some of the weaknesses in the market. The new product is being launched to support the development of sustainable production and processing techniques for insects based products. However, more research on insect composition, food safety issues, product shelf life, and insect processing is needed. In terms of geography, Europe and the United States have the fastest-growing edible-insect industry.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of insect alternative protein.
The entire insect alternative protein market has been sub-categorized into type and end users. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By End Users
- Emerging Alternative Protein
- Adolescent Alternative Protein
- Matured Alternative Protein
This section covers regional segmentation which accentuates on current and future demand for insect alternative protein market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Insect Alternative Protein Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the insect alternative protein market include AgriProtein, Aspire Food Group, Protix, Ynsect, Global Bugs Asia Co., Ltd., Enterra Feed Corporation, Entomo Farms, Proti-Farm Holding NV, Tiny Farms. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.