Insect Protein Market Will Grow USD 1,394.47 mn by 2024 made available by top research firm

The global insect protein market is expected to grow from USD 347.57 million 2017 to USD 1,394.47 million by the end of 2024 at a Compound Annual Growth Rate (CAGR) of 21.95%.

“Rising popularity of insect protein due to high nutrition value making them ready substitutes for poultry and fish
is one of the factors largely attributing to the growth of insect protein market globally”

The factors attributing to the growth of the market are rising popularity of insect protein due to high nutrition value making them ready substitutes for poultry and fish, harvesting protein insects considered more environment-friendly than raising livestock, positioning as a superfood by the leading end-use product manufactures, and emerging as a comparatively cheaper protein source. However, some factors such as keeping cost low, and lack of know-how and standardization towards mass production may hinder the market growth. The global insect protein market is expected to showcase the opportunities such as booming insect-food start-ups, and increasing market prospects for non-gmo and organic certified products. In the near future, the market may face the possible challenges in the growth due to stereotypes discouraging consumption in developed economies, and ambiguously defined regulatory framework. However, the key players in the market are putting regressive efforts to provide innovative offerings and benchmark strategies in the global insect protein market market.”Insect Powder: The highest growing product for the global insect protein market”

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On the basis of product, the global insect protein market is studied across Insect Baked Products & Snacks, Insect Beverages, Insect Confectionaries, Insect Meal, Insect Oil, Insect Powder, Insect Protein Bars & Protein Shakes, and Whole Insects. Among all these product, the Insect Powder is projected to hold the largest market share while the Insect Beverages has the potential to grow the market with the highest CAGR in the forecast period.”Crickets: The highest growing type for the global insect protein market”

On the basis of type, the global insect protein market is studied across Ants, Black Soldier Flies, Cicadas, Crickets, Grasshoppers, Mealworms, and Silkworms. Among all these type, the Crickets is projected to hold the largest market share while the Ants has the potential to grow the market with the highest CAGR in the forecast period.”Feed: The highest growing application for the global insect protein market”

On the basis of application, the global insect protein market is studied across Cosmetics & Personal Care, Feed, Food & Beverages, and Pharmaceuticals. Among all these application, the Feed has captured the maximum market share while the Cosmetics & Personal Care has the opportunity to emerge with the highest CAGR.”Offline Mode: The highest growing distribution channel for the global insect protein market”

On the basis of distribution channel, the global insect protein market is studied across Offline Mode and Online Mode. Among all these distribution channel, the Offline Mode has captured the maximum market share while the Online Mode has the opportunity to emerge with the highest CAGR.”Asia-Pacific: The highest growing geography for the global insect protein market”

On the basis of geography, the global insect protein market is studied across Americas, (United States, Brazil, Canada, Mexico, and Argentina) Europe, Middle East & Africa, (United Kingdom, Germany, France, Saudi Arabia, United Arab Emirates, Italy, and Russia) and Asia-Pacific (China, Japan, India, and Australia). Among all these geography, the Americas is showing the maximum growth in the near future with the highest CAGR while the Asia-Pacific is dominating the market with highest market size.

“Agriprotein Technologies: The potential growing player for the global insect protein market”

The key players profiled in the global insect protein market are Agriprotein Technologies, Bugsolutely, Crik Nutrition, Deli Bugs Ltd., Entomo Farms Ltd, Enviro Flight, Exo Inc., Griopro, Hargol Food Tech, Hopper Foods, Kreca Ento-Food, Kric8, Nordic Insect Economy Ltd, Proti-Farm, and Thailand Unique.

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on sulfuric acid offered by the key players in the global insect protein market.
2. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and new product developments in the global insect protein market.
3. Market Development: Provides in-depth information about lucrative emerging markets and analyzes the markets for the global insect protein market.
4. Market Diversification: Provides detailed information about new products launches, untapped geographies, recent developments, and investments in the global insect protein market.
5. Competitive Assessment & Intelligence: Provides exhaustive assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the global insect protein market.

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Table of Content

1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Stakeholders
2. Research & Forecasting
2.1. Research Methodology
2.1.1. Research Instruments
2.1.1.1. Secondary Instrument
2.1.1.2. Primary Instrument
2.1.2. Research Approaches
2.1.2.1. Bottom-up Approach
2.1.2.2. Top-down Approach
2.1.3. Research Reliability & Validity
2.1.4. Research Assumptions
2.1.5. Vendor Inclusion Criteria
2.2. Forecasting Methodology
2.2.1. Methodology for Market Estimation & Forecasting
2.2.2. Significance and Importance of the Market Estimation & Forecasting
3. Executive Summary
4. Premium Insight
4.1. Market Connectivity
4.2. Market Data Feed
4.3. Market Vendor Ranking Analysis
4.4. Market Dynamics
4.4.1. Drivers
4.4.1.1. Rising popularity of insect protein due to high nutrition value making them ready substitutes for poultry and fish
4.4.1.2. Harvesting protein insects considered more environment-friendly than raising livestock
4.4.1.3. Positioning as a superfood by the leading end-use product manufactures
4.4.1.4. Emerging as a comparatively cheaper protein source
4.4.2. Restraints
4.4.2.1. Keeping cost low
4.4.2.2. Lack of know-how and standardization towards mass production
4.4.3. Opportunities
4.4.3.1. Booming insect-food start-ups
4.4.3.2. Increasing market prospects for non-GMO and organic certified products
4.4.4. Challenges
4.4.4.1. Stereotypes discouraging consumption in developed economies
4.4.4.2. Ambiguously defined regulatory framework
4.5. Porter’s Five Forces Analysis
4.5.1. Threat of New Entrants
4.5.2. Threat of Substitutes
4.5.3. Bargaining Power of Customers
4.5.4. Bargaining Power of Suppliers
4.5.5. Industry Rivalry
4.6. Consumption Pattern and Trends
4.7. Regulatory Framework

Continued…

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Posted by on Tuesday March 26 2019, 9:00 AM EDT. All trademarks acknowledged. Filed under Agriculture, Beverages, Food, Food & Beverage, Food Services. Comments and Trackbacks closed. Follow responses: RSS 2.0

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