A Qualitative Research Study accomplished by Data Bridge Market research's titled as "Asia-Pacific Insect Protein Market" with 100+ market data Tables, Pie Charts, Graphs Figures spread through Pages and easy to understand detailed analysis. Asia-Pacific Insect Protein market research report has been generated with the systematic gathering and evaluation of market information for Asia-Pacific Insect Protein industry which is presented in a form that explains various facts and figures to the business. This market research report contains thorough analysis of market and numerous related factors that range from market drivers, market restraints, market segmentation, opportunities, challenges, and market revenues to competitive analysis. It lends a hand to companies to take decisive actions to deal with threats in niche market. A brilliant team of analysts, experts, statisticians, forecasters and economists has worked rigorously to generate this advanced and all-inclusive Asia-Pacific Insect Protein market research report.
Asia-Pacific Insect Protein Market was valued at USD 142.42 million in 2021 and is expected to reach USD 1,286.40 million by 2029, registering a CAGR of 22.60% during the forecast period of 2022-2029. Feed segment is dominating the insect protein market as insect protein is very popular for feeding livestock in Asian countries. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.
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Market Definition
Insect proteins refer to the high-quality feedstock that is generally obtained from insects. These feedstock can be utilized as an ingredient for feed for animals, fishes and pets. These products are being considered a new food and feed source, and an initiative for moving away from the traditional sources of proteins including soy and meat.
Report Scope and Market Segmentation
REPORT METRIC | DETAILS |
Forecast Period | 2022 to 2029 |
Base Year | 2021 |
Historic Years | 2020 (Customizable to 2014 - 2019) |
Quantitative Units | Revenue in USD Million, Volumes in Units, Pricing in USD |
Segments Covered | Insect Type (Beetles, Caterpillars, Bees, Wasps and Ants, Grasshoppers, Locusts, Crickets, True Bugs, Black Soldier Flies, Cicadas, Leafhoppers, Plant Hoppers, Scale Insects, Termites, Dragonflies, Flies, Mealworms, Others), Application (Feed, Food and Beverage, Pharmaceuticals, Cosmetics), Distribution Channel (Direct, Indirect) |
Countries Covered | China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC) |
Market Players Covered | AgriProtein (South Africa), Enterra Feed Corporation (Canada), Aspire Food Group (Canada), Beta Hatch (US), BIOFLYTECH (Spain), Chapul Cricket Protein (US), Entobel (Vietnam), Entocycle (UK), Entomo Farms (france), Bugs (Thailand), Haocheng Mealworms Inc. (China), Hexafly (Ireland), Innovafeed (France), Insectum (Norway), nextProtein (France), Protenga Pte Ltd (Singapore), Protify (Sweden), PROTIX (Netherlands), Seek Food (US), Thailand Unique (Thailand), and Ynsect (France), among others |
Market Opportunities |
|
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- High Consumption of Animal Products
The increase in the consumption of animal products across the region acts as one of the major factors driving the growth of insect protein market. The rise in demand for high quality animal product superior-quality meat products such as meat among growing population has a positive impact on the market.
- Inclination towards Healthy Lifestyle
The increase in the consumer preference for dietary improvements acts as one of the major factors driving the growth of specialty food and beverage market. The rise in trend of leading a healthy lifestyle among all age groups shifting to healthy and innovative approach have a positive impact on the industry.
- Increase in Demand for Functional Foods
The increase in the functional food products further influence the market growth. Also, increase in consumers seeking healthy and sustainable food options along with growing number of sports and gym enthusiasts assist in the expansion of the market.
Additionally, change in lifestyle, increase in the disposable income and rise in awareness regarding the benefits of the nutrition plan positively affect the insect protein market.
Opportunities
Furthermore, presence of defined regulations and government support extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Collaborations of insect protein-based product manufacturers with retailers will further expand the market.
Restraints/Challenges
On the other hand, high cost associated with the product and microbial risk and allergic reactions are expected to obstruct market growth. Also, reluctance in acceptance among consumers and rise in vegan trend are projected to challenge the insect protein market in the forecast period of 2022-2029.
This insect protein market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on insect protein market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Developments
- In June 2020, Global Bugs published a blog about Thai cricket industry for the sustainable food chain. Through such blogs, the company is trying to promote their products in the market.
Some of the major players operating in the Asia-Pacific Insect Protein market are:
- AgriProtein (South Africa)
- Enterra Feed Corporation (Canada)
- Aspire Food Group (Canada)
- Beta Hatch (US)
- BIOFLYTECH (Spain)
- Chapul Cricket Protein (US)
- Entobel (Vietnam)
- Entocycle (UK)
- Entomo Farms (france)
- Global Bugs (Thailand)
- Haocheng Mealworms Inc. (China)
- Hexafly (Ireland)
- Innovafeed (France)
- Insectum (Norway)
- nextProtein (France)
- Protenga Pte Ltd (Singapore)
- Protify (Sweden)
- PROTIX (Netherlands)
- Seek Food (US)
- Thailand Unique (Thailand)
- Ynsect (France)
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The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the Asia-Pacific Insect Protein market
- Product Development/Innovation: Detailed insights on upcoming technologies, RD activities, and product launches in the market
- Competitive Assessment: In-depth assessment of the market strategies, and geographic and business segments of the leading players in the market
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Asia-Pacific Insect Protein Market
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- The market research report includes all of the market's valuable elements, such as sales growth, product pricing analysis, growth opportunities, and recommendations for addressing market challenges
- The Asia-Pacific Insect Protein report covers all the primary mergers acquisitions, alliances, and collaborations that have generated additional opportunities for market players or in some cases, challenges
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Key Industry Segmentation: Asia-Pacific Insect Protein Market
The insect protein market is segmented on the basis of insect type, application, and distribution channel. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Insect Type
- Beetles
- Caterpillars
- Bees
- Wasps and Ants
- Grasshoppers
- Locusts
- Crickets
- True Bugs
- Black Soldier Flies
- Cicadas
- Leafhoppers
- Plant Hoppers
- Scale Insects
- Termites
- Dragonflies
- Flies
- Mealworms
- Others
Application
- Feed
- Food and Beverage
- Pharmaceuticals
- Cosmetics
Distribution Channel
- Direct
- Indirect
Regional Analysis/Insights: Asia-Pacific Insect Protein Market
The insect protein market is analysed and market size insights and trends are provided by country, type, application, and distribution channel as referenced above.
The countries covered in the insect protein market report are China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, and Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC).
In Asia-Pacific, China has occupied the highest market share due to the wide consumption of insect-based products such as cookies, snacks, pasta, and others and huge application of insect protein in aquaculture feed. After China, majority of the market share is taken by Vietnam as insect protein or insect based food consumption is followed here since ancient time and is expected to grow further with rising animal feed industry in the country.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Table of Contents:
- Introduction
- Market Segmentation
- Executive Summary
- Premium Insights
- Asia-Pacific Insect Protein Market: Regulations
- Market Overview
- Asia-Pacific Insect Protein Market, By Variety
- Asia-Pacific Insect Protein Market, By Packaging Size
- Asia-Pacific Insect Protein Market, By Application
- Asia-Pacific Insect Protein Market, By Distribution Channel
- Asia-Pacific Insect Protein Market, By Region
- Asia-Pacific Insect Protein Market: Company Landscape
- SWOT Analyses
- Company Profile
- Questionnaires
- Related Reports
To Check the Complete Table of contents, click here @ https://www.databridgemarketresearch.com/toc/?dbmr=asia-pacific-insect-protein-market
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