Insects are considered a nuisance to human beings and pests for animals and crops. Still, Insects offer food at a low environmental cost, play a fundamental role in nature, and contribute positively to livelihoods. Insects are an extremely nutritious and healthy food source of protein, vitamins, high fat, mineral, and fiber content. The nutritional value of edible insects is variable due to the availability of a a wide range of edible insect species worldwide. Even within the same group of species, the nutritional value varies depending on the insect's metamorphic stage, its diet, and the habitat in which it survives.
MARKET DYNAMICS
Insect protein is primarily used in animal feed; however, demand for insect protein for human consumption is also projected to grow at the fastest growth rate due to increasing health consciousness across the consumers in developed and developing countries. The insect ingredient market has witnessed a significant share in developed countries owing to factors growth of rising consciousness towards health benefits offered by consuming protein, vitamin, and mineral content of the mealworms similar to that in the meat and fish.
MARKET SCOPE
The "Global Insect Ingredient Market Analysis to 2028" is a specialized and in-depth study of the chemical and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Insect Ingredient market with detailed market segmentation by usage, insect type, application, and geography. The global Insect Ingredient market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Insect Ingredient market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global Insect Ingredient market is segmented on the basis of usage, insect type, and application. On the basis of usage, the insect ingredient market is segmented into insect-based animal feed, insect-based pharmaceutical products, insect-based human food and beverage, and others. On the basis of insect type, the insect ingredient market is segmented into crickets, black soldier flies, mealworms, ants, grasshoppers, and others. On the basis of application, the Insect Ingredient market is segmented into food & beverages, pharmaceuticals, nutraceuticals, cosmetics, animal food and feed, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Insect Ingredient market based on various segments. It also provides marketsize and forecast estimates from the year 2020to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Insect Ingredient market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the Insect Ingredient market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Insect Ingredient market in these regions.
MARKET PLAYERS
The reports cover key developments in the Insect Ingredient market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Insect Ingredient market are anticipated to lucrative growth opportunities in the future with the rising demand for Insect Ingredient in the global market. Below mentioned is the list of few companies engaged in the Insect Ingredient market.
The report also includes the profiles of key companies along with their SWOT analysis and marketstrategies in the Insect Ingredient market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- HaoCheng Mealworms, Inc.
- Agriprotein Technologies
- Kreca
- EnviroFlight
- Proti-Farm
- Chapul LLC
- Exo Protein
- Thailand Unique
- Six Foods
- Bitty Foods
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.