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Insect Protein Market Trends and Forecast
 
The future of the insect protein market looks promising with opportunities in the food and beverage, animal nutrition, and pharmaceutical and cosmetic applications. The global insect protein market is expected to grow with a CAGR of 24% to 26% from 2023 to 2028. The major drivers for this market are the rising need for insect protein in animal feed and as alternative protein sources, growing awareness about high protein content and higher acceptance rate, and increasing investment in new start-ups.
Insect Protein Market
A more than 150-page report is developed to help in your business decisions.  Sample figures with some insights are shown below. To learn the scope, benefits, companies researched and other details of the global insect protein market report, please download the report brochure.
Insect Protein Market by Segments
Insect Protein Market by Segment
The study includes a forecast for the global insect protein market by insect type, application, distribution channel, and region, as follows:
Insect Protein Market by Insect Type [Value ($B) Shipment Analysis from 2017 to 2028]:
  • Crickets
  • Black Soldier Flies
  • Mealworms
  • Grasshoppers
  • Ants
  • Other Insects
Insect Protein Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:
  • Food and Beverages
  • Animal Nutrition
  • Pharmaceutical and Cosmetic
Insect Protein Market by Distribution Channel [Value ($B) Shipment Analysis from 2017 to 2028]:
  • Offline
  • Online
Insect Protein Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
  • North America
  • Europe
  • Asia Pacific
  • The Rest of the World
List of Insect Protein Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies insect protein companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the insect protein companies profiled in this report include. 
Insect Protein Market Insights
  • Lucintel forecasts that offline will remain the largest segment over the forecast period due to the ease of accessibility and availability of insect protein at supermarkets, hypermarkets, convenience stores, and retailers.
  • Animal feed is expected to remain the largest segment due to the growing demand for insect protein as a source of essential nutrition to animals for their growth. The insect protein is generally utilized in the form of powder or liquid in animal feed additives.
  • North America will remain the largest region due to the presence of key insect protein manufacturers and growing demand among the consumers for insect-based protein products in the region. Large number of start-ups that provide edible insects and insect-based protein products in NA region contributes in the growth of insect protein in this region.
Features of the Insect Protein Market
  • Market Size Estimates: Insect protein market size estimation in terms of value ($B)
  • Trend And Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments and regions.
  • Segmentation Analysis: Insect protein market size by various segments, such as by insect type, application, distribution channel, and region
  • Regional Analysis: Insect protein market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
  • Growth Opportunities: Analysis on growth opportunities in different segments by insect type, application, distribution channel, and regions for the insect protein market.
  • Strategic Analysis: This includes M&A, new product development, and competitive landscape for the Insect protein market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the insect protein market size?
Answer: The global insect protein market is expected to reach an estimated $xx billion by 2028.
Q2. What is the growth forecast for insect protein market?
Answer: The global insect protein market is expected to grow with a CAGR of 24% to 26% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the insect protein market?
Answer: The major drivers for this market are the rising need for insect protein in animal feed and as alternative protein sources, growing awareness about high protein content and higher acceptance rate, and increasing investment in new start-ups.
Q4. What are the major segments for insect protein market?
Answer: The future of the insect protein market looks promising with opportunities in the food and beverages, animal nutrition, and pharmaceutical and cosmetic applications.
Q5. Who are the key insect protein companies?
Answer: Some of the key Insect protein companies are as follows:
  • InnovaFeed
  • EnviroFlight
  • Ynsect
  • Hexafly
  • Protix
  • Aspire Food Group
  • Chapul
Q6. Which insect protein segment will be the largest in future?
Answer: Lucintel forecasts that offline will remain the largest segment over the forecast period due to the ease of accessibility and availability of insect protein at supermarkets, hypermarkets, convenience stores, and retailers.
Q7. In insect protein market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region due to the presence of key insect protein manufacturers and growing demand among the consumers for insect-based protein products in the region. Large number of start-ups that provide edible insects and insect-based protein products in NA region contributes in the growth of insect protein in this region. 
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
 
This report answers following 11 key questions
Q.1. What are some of the most promising, high-growth opportunities for the insect protein market by insect type (crickets, black soldier flies, mealworms, grasshoppers, ants, and other insects), application (food and beverages, animal nutrition, and pharmaceutical and cosmetic), distribution channel (offline and online), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
 
For any questions related to insect protein market or related to insect protein companies, insect protein market size, insect protein market share, insect protein analysis, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
 
Table of Contents
 
1. Executive Summary

2. Global Insect Protein Market: Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges

3. Market Trends and Forecast Analysis from 2017 to 2028
3.1: Macroeconomic Trends (2017-2022) and Forecast (2023-2028)
3.2: Global Insect Protein Market Trends (2017-2022) and Forecast (2023-2028)
3.3: Global Insect Protein Market by Insect Type
3.3.1: Crickets
3.3.2: Black Soldier Flies
3.3.3: Mealworms
3.3.4: Grasshoppers
3.3.5: Ants
3.3.6: Other Insects
3.4: Global Insect Protein Market by Application
3.4.1: Food and Beverages
3.4.2: Animal Nutrition
3.4.3: Pharmaceutical and Cosmetic
3.5: Global Insect Protein Market by Distribution Channel
3.5.1: Offline
3.5.2: Online

4. Market Trends and Forecast Analysis by Region from 2017-2028
4.1: Global Insect Protein Market by Region
4.2: North American Insect Protein Market
4.2.1: North American Insect Protein Market by Insect Type: Crickets, Black Soldier Flies, Mealworms, Grasshoppers, Ants, and Other Insects
4.2.2: North American Insect Protein Market by Application: Food and Beverages, Animal Nutrition, and Pharmaceutical and Cosmetic
4.3: European Insect Protein Market
4.3.1: European Insect Protein Market by Insect Type: Crickets, Black Soldier Flies, Mealworms, Grasshoppers, Ants, and Other Insects
4.3.2: European Insect Protein Market by Application: Food and Beverages, Animal Nutrition, and Pharmaceutical and Cosmetic
4.4: APAC Insect Protein Market
4.4.1: APAC Insect Protein Market by Insect Type: Crickets, Black Soldier Flies, Mealworms, Grasshoppers, Ants, and Other Insects
4.4.2: APAC Insect Protein Market by Application: Food and Beverages, Animal Nutrition, and Pharmaceutical and Cosmetic
4.5: ROW Insect Protein Market
4.5.1: ROW Insect Protein Market by Insect Type: Crickets, Black Soldier Flies, Mealworms, Grasshoppers, Ants, and Other Insects
4.5.2: ROW Insect Protein Market by Application: Food and Beverages, Animal Nutrition, and Pharmaceutical and Cosmetic

5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis

6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Insect Protein Market by Insect Type
6.1.2: Growth Opportunities for the Global Insect Protein Market by Application
6.1.3: Growth Opportunities for the Global Insect Protein Market by Distribution Channel
6.1.4: Growth Opportunities for the Global Insect Protein Market by Region 
6.2: Emerging Trends in the Global Insect Protein Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Insect Protein Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Insect Protein Market

7. Company Profiles of Leading Players
7.1: InnovaFeed
7.2: EnviroFlight
7.3: Ynsect
7.4: Hexafly
7:5: Protix
7.6: Aspire Food Group
7.7: Chapul

.

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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process. 
 

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