A Qualitative Research Study accomplished by Data Bridge Market research's titled as "Europe Insect Protein Market" with 100+ market data Tables, Pie Charts, Graphs Figures spread through Pages and easy to understand detailed analysis. Europe Insect Protein market research report has been generated with the systematic gathering and evaluation of market information for Europe 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 Europe Insect Protein market research report.
Europe Insect Protein Market was valued at USD 46.75 million in 2021 and is expected to reach USD 826.76 million by 2029, registering a CAGR of 28.70% during the forecast period of 2022-2029. Feed account for the largest application segment in the respective market feed is the only industry where application of insects or insect based protein was allowed by the different European 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 | Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe |
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 January 2020, Innovafeed opened a production plant in the Somme, France. Through this, the company wants to produce 10, 000 tonnes of insect per year.
Some of the major players operating in the Europe 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)
- 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 Europe 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 Europe Insect Protein Market
Consider Data Bridge Market Research for this Report which would Help Impact Your Revenues Positively
- This study offers the latest product news, trends, and updates from the industry's leading players who have leveraged their market position.
- It also offers strategic plans and standards to arrive at informed business decisions adopted by the main players, thereby advocating your go to market strategies.
- In addition, it offers insights into the dynamics of customer behavior that can help the organization better curate market strategies
- Usage of exclusive tailor-made tools along with primary research, secondary research and our in-house data model helps us in extracting the exact market numbers
- Mapping the customer in 3P grid comprising of Purpose, Planning and Positioning, thereby delivering a solution by keeping the prospecting client at the sweet spot
- 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 Europe 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: Europe 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: Europe Insect Protein Market
The insect protein market is analyzed 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 Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, and Rest of Europe in Europe.
In Europe, the U.K. has occupied the highest market share due to the wide consumption of insect-based products such as cookies, snacks, pasta, among others. After U.K., majority of market share is taken by Spain as the demand for insect based food and feed products are rising in the country owing to concern for environment.
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
- Europe Insect Protein Market: Regulations
- Market Overview
- Europe Insect Protein Market, By Variety
- Europe Insect Protein Market, By Packaging Size
- Europe Insect Protein Market, By Application
- Europe Insect Protein Market, By Distribution Channel
- Europe Insect Protein Market, By Region
- Europe 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=europe-insect-protein-market
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