According to the current analysis of Reports and Data, the Global Insect Protein Market is estimated to grow at a CAGR of 38% and reach USD 1.4 billion by 2026. Insect protein is high-quality protein-rich product. In a contrast of beef and cricket, crickets contain about 69% protein, while beef is supposed to have only 29%. Crickets contain nine crucial amino acids, alongside with B12, iron, zinc, magnesium, sodium, potassium and calcium. Cricket flour comprises more calcium than milk and more iron than spinach. Over half of fish consumed around the world are farmed, and could make high fish diet because they are a natural food source for fish. They are also a natural food source for poultry, and the exoskeleton of insects comprises a substance known as chitin, which is a polysaccharide. Chitin naturally increases the immune system of poultry, thus eradicating the need for antibiotics, which escalates the food chain into humans.
Get a sample of the report: @ https://www.reportsanddata.com/sample-enquiry-form/2011
By Insect type, Crickets, Black Soldier Flies, Mealworms, Ants, among others are considered in the study for industry. By application it is segmented into food and beverages, animal nutrition, pharmaceutical, Cosmetics. By Form type, whole, powder, oil among others are also considered in the report.
On the basis of regions, the market has been subdivided into North America, Europe, Asia-Pacific, and Rest of the World. The North American region is expected to occupy maximum market share, mainly due to the deep entrenchment of research and development in the region.
Some of the Leading Market Players Are Listed Below:
- Agriprotein Holdings Ltd.,
- Enviroflight LLC,
- Innovafeed,
- Ynsect,
- Hexafly,
- Protix,
- Jiminis’s,
- Entomo Farms,
- Aspire Food Group,
- Protifarm
- Others
Market Overview:
All enterprises involved in the processing, packaging, and distribution of raw food materials fall within the food and beverage sector. Fresh and packaged meals, as well as alcoholic and nonalcoholic beverages, are all included. Apart from drugs, this industry touches every product designed for human consumption.
As a result of the current economic depression caused by the Covid-19 outbreak, consumers are seeking to save as much money as possible. Consumers are doing so in a variety of ways, including buying more generic things and cooking their own meals instead of going out. As a result, food processing companies are getting more creative in order to reduce the cost of goods sold, attract more customers, and increase profit margins.
Obesity has a tremendous impact on the global food and beverage industry. The desire for healthful foods has grown, as has the demand for more detailed nutritional information. Companies have responded by launching lower-calorie foods and tightening control over how their brand is viewed in response to both of these changes. Companies want to be viewed as a healthy brand, thus they support activities that indicate this, such as youth sports. There has even been talk of levying a tax on foods linked to obesity to deter people from eating them.
Purchase Premium Report: @ https://www.reportsanddata.com/report-pricing/2011
Market Segmentation:
Insect Type (Revenue, USD Million; 2016–2026)
- Crickets
- Black Soldier Flies
- Mealworms
- Grasshoppers
- Ants
- Other
Application (Revenue, USD Million; 2016–2026)
- Food and Beverage
- Animal Nutrition
- Pharmaceutical Cosmetics
- Others
Form (Revenue, USD Million; 2016–2026)
- Whole Insect
- Powder
- Oil
- Others
The report is written with the aid of industry analysts, market segmentation, and data collection in order to assist readers in making profitable business decisions. The report includes a comprehensive database of technical and product advances. It also provides information on growth rates and market value, as well as a thorough examination of niche market segments. The report provides strategic advice to newcomers and existing businesses about how to make profitable and well-informed business decisions.
The Insect Protein market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Insect Protein market.
The global Insect Protein market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market? What kind of strategic business plans have they made?
Request a customization of the report: @ https://www.reportsanddata.com/request-customization-form/2011
Thank you for taking the time to read our article. The report can be tailored to the needs of the client. Please contact us for more details, and our team will tailor the report to your specific requirements.
Explore Trending Research Reports by Reports and Data:
Probiotic Cosmetic Products Market: https://www.reportsanddata.com/report-detail/probiotic-cosmetic-products-market
Probiotics in Animal Feed Market: https://www.reportsanddata.com/report-detail/probiotics-in-animal-feed-market
Processed Meat Market: https://www.reportsanddata.com/report-detail/processed-meat-market
Processed Seafood Seafood Processing Equipment Market: https://www.reportsanddata.com/report-detail/processed-seafood-and-seafood-processing-equipment-market
Protective Cultures Market: https://www.reportsanddata.com/report-detail/protective-cultures-market
Protein Hydrolysate Market: https://www.reportsanddata.com/report-detail/protein-hydrolysate-market
Protein Ingredients Market: https://www.reportsanddata.com/report-detail/protein-ingredients-market
Pulse Ingredients Market: https://www.reportsanddata.com/report-detail/pulse-ingredients-market
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Contact Us:
John W
Head of Business Development
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
