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Published June, 2018
Global Insect Protein Powder Market- Size, Trends, Competitive Analysis and Forecasts (2018-2023)

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Protein is one of the essential components for human body. Almost all the food products contains protein in varying amount. In last decade, the number of population affected by obesity has increased which has resulted in growing demand of protein rich food, beverage and dietary supplements products. Hence, the protein industry has been growing at a very rapid rate. Protein based ingredients are used in variety of items to enhance the nutritional value along with texture and appearance. The market of protein ingredients is forecasted to worth $58.5 billion by 2022. There is there is huge opportunity for insect protein producers to expand their products portfolio.

Insect Protein Isolate

Edible insect contains high quality amino acids, vitamins, minerals and other vital nutrients that is useful to maintain the human health. Insects are proven to have high conversion rate and it produces high quantity of end products with minimal resources. It also releases less greenhouse gases and ammonia than livestock animals. In recent years, due to expanding population and concern about environmental sustainability, the research to explore alternate protein sources has been intensified. The market of insect protein has gained considerable traction in past few years. Companies in collaboration with research institutes are exploring various ways to increase the application of insect protein across various industries.

Enterra Feed is one of the emerging insect growers, the company processes the bugs into protein rich feed for poultry, fish and even pets. After the extraction of protein from the insects, the remaining residue is then dried, roasted, bagged to produce oil which is then milled into powder. Many small as well as giant corporates in the feed industry are focused on insect protein to reduce the cost of feed production and enhance nutritional quality. Some of the leading investors in the insect protein industry includes Cargill Inc., Wilbur-Ellis Co. and Buhler Group which develops processing machinery. McDonald’s is strategizing to provide insect protein-based feed to chicken to reduce the dependency on soy protein and also cost of production.

Insect protein isolates contains high amount of protein compared to other protein types. It also provides various advantages related to digestibility, quality and the content of amino acids. Though some of the insects are studied to give poor digestibility such as grasshopper and locusts because of their hard exoskeleton containing chitin, but most of the insects-based protein provides huge nutritional benefits which has resulted in growing popularity. Increasing population turning towards the veganism and vegetarianism would restraint insect protein isolate demand by some extent but for meat eaters, insect based protein is a healthy and sustainable substitute. The insect protein isolate market is forecasted to grow at the CAGR of 21.6% during the forecast period.

Textured Protein

Textured insect protein is extracted from variety of insects but crickets are primary sources of textured form of insects’ protein. Textured insect protein is proven to be a potential replacer of dairy, eggs and meat. It contains around 60% of water and 77gm of protein per pound similar to the ground beef, hence it can be easily substituted in various food recipes. Textured insect protein is also used as an ingredient in cookies, Bolognese, cookies as well as in some ice creams. Research has been going on to widen the application of textured insect protein across baked goods.

The popularity of textured insect protein is growing as it provides all the health benefits of insect consumption without the discomfort of eating insect in any form. Hence, its acceptability among the consumers is high and is growing at a steady rate. The insect protein because of its various health and cost advantages is predicted to revolutionize the food industry. In terms of environment preservation and sustainability, farm raised bugs produces less greenhouses gases and resources compared to the animals. Moreover, textured insect protein production consumes five times less feed, 200 times less water and produces 23 times less greenhouse gases over animal-based protein. Many food experts predict that textured insect protein will help to solve hunger and reduce food security issues because it isn’t only nutritious but also is also sustainable food source that requires minimal resources.

Powder Capsules

Cricket powder capsules are one of the most widely used insect protein-based capsules. Producing powder from the insects has advanced in the past few years. The demand for powdered capsules is estimated to intensify in coming years as it is the base of many insect-based products. Because of growing popularity of cricket-based protein powder, the number of startups in the business of producing insect-based powder capsules is increasing. Some of the companies include All Things Bugs, LLC (USA), Acheta AS (Norway), Grilo Protein (Australia) and Bitty Foods. The application of powder capsules includes food industry particularly for making snacks, bakery products and meat substitute products. The global powdered capsules market is estimated at $6.2 million in 2018 and is projected to grow at a CAGR of 14.7% during the forecast period.

Key Deliverables

  • Market trends since 2014 and five year forecasts of market growth 
  • Detailed analysis of the micro and macro elements influencing demand trends
  • Identifying opportunity spaces across segments and countries  
  • Supply & demand side trend and analysis
  • Price trend analysis, investment prospects and competition pattern
  • Insights on growth potential of the market in key countries 
  • Detailed analysis of major producers covering financial investments & strategies adopted
  • Competitive landscape of the industry

 

1. Introduction                                                                                              

          1.1 Research Methodology                                                                               

          1.2 Scope of the Study                                                                                   

          1.3 Assumptions                                                                                  

2. Summary                                                                                        

          2.1 Market Summary by Type                                                                                    

          2.2 Market Summary by Application                                                                  

          2.3 Market Summary by Geography                                                                  

3. Industry Dynamics                                                                                      

          3.1 Drivers                                                                                 

                   3.1.1 Growing demand for sustainable sources of protein                                      

                   3.1.2 Rising health consciousness especially in developing countries               

                   3.1.3 Increasing environmental impacts of factory farming of animals            

                   3.1.4 Strengthening demand for dietary Supplements                         

                   3.1.5 Search for additional sources of protein for animal feed                       

          3.2 Restraints                                                                             

                   3.2.1 Lack of commercially feasible extraction process                                

                   3.2.2 Less commercial viability and consumer acceptance                                      

                   3.2.3 Low awareness about the product                                                   

                   3.2.4 Regulatory Hurdles                                                                        

          3.3 Opportunities                                                                                 

                   3.3.1 Rising global demand for protein                                                     

                   3.3.2 Growth in functional food & nutraceuticals industry                              

                   3.3.3 Increasing demand for lactose-free, gluten free protein products 

          3.4 Porter’s Five Forces Analysis                                                                       

                   3.4.1 Bargaining power of Suppliers                                               

                   3.4.2 Bargaining power of Buyers                                                  

                   3.4.3 Degree of Competition                                                                  

                   3.4.4 Threat of Substitution                                                                    

                   3.4.5 Threat of new entrants                                                                            

          3.5 Future Trends in Insect Protein Industry                                                                  

          3.6 Value Chain Analysis                                                                                  

          3.7 Industry Policies & Regulations                                                                    

          3.8 Market Innovations                                                                                   

4. Market Size and Forecast                                                                                       

          4.1 Market Share, Product Type                                                                        

                   4.1.1 Extracted Protein                                                                          

                             4.1.1.1 Protein Isolate                                                                 

                             4.1.1.2 Textured Protein                                                               

                             4.1.1.3 Powder Capsules                                                              

          4.2 Market Share, Insect Type                                                                         

                   4.2.1 Beetles                                                                    

                   4.2.2 Caterpillar                                                                          

                   4.2.3 Bees, ants and wasps                                                                    

                   4.2.4 Locust                                                                     

                   4.2.5 Grasshopper                                                                      

                   4.2.6 Cricket                                                                     

                   4.2.7 Cicadas                                                                    

                   4.2.8 Others (Termites, Dragon flies, Flies)                                               

          4.3 Market Share, Application                                                                                    

                   4.3.1 Food                                                                       

                             4.3.1.1 Confectionary                                                                  

                             4.3.1.2 Bakery                                                                  

                             4.3.1.3 Snacks                                                                  

                             4.3.1.4 Dairy Alternative                                                               

                             4.3.1.5 Meat Analogues and Extenders                                  

                             4.3.1.6 Others                                                                  

                   4.3.2 Beverages                                                                        

                   4.3.3 Dietary Supplements                                                                     

                   4.3.4 Animal Feed                                                                       

                             4.3.4.1 Poultry Feed                                                          

                             4.3.4.2 Swine Feed                                                            

                             4.3.4.3 Pet Food                                                               

                             4.3.4.4 Aquafeed                                                               

                   4.3.5 Fertilizers                                                                           

                   4.3.6 Others                                                                     

5. Country Market Share                                                                                           

          5.1 North America                                                                                

                   5.1.1 U.S.                                                                        

                   5.1.2 Canada                                                                    

                   5.1.3 Mexico                                                                    

                   5.1.4 Others                                                                     

          5.2 Europe                                                                                

                   5.2.1 U.K.                                                                        

                   5.2.2 Germany                                                                           

                   5.2.3 France                                                                     

                   5.2.4 Italy                                                                        

                   5.2.5 Belgium                                                                   

                   5.2.6 Switzerland                                                                        

                   5.2.7 Russia                                                                     

                   5.2.8 Finland                                                                    

                   5.2.9 Others                                                                     

          5.3 Asia-Pacific                                                                                     

                   5.3.1 China                                                                      

                   5.3.2 India                                                                       

                   5.3.3 Japan                                                                      

                   5.3.4 South Korea                                                                       

                   5.3.5 Australia                                                                  

                   5.3.6 Thailand                                                                   

                   5.3.7 Malaysia                                                                            

                   5.3.8 Saudi Arabia                                                                       

                   5.3.9 Others                                                                     

          5.4 South America                                                                                

                   5.4.1 Brazil                                                                       

                   5.4.2 Argentina                                                                           

                   5.4.3 Colombia                                                                           

                   5.4.4 Others                                                                     

          5.5 Africa                                                                                  

                   5.5.1 South Africa                                                                       

                   5.5.2 Egypt                                                                      

                   5.5.3 Nigeria                                                                     

                   5.5.4 Others                                                                     

6. Competitive Analysis                                                                                             

          6.1 Market Share Analysis                                                                                

          6.2 Growth Strategies of leading players                                                   

          6.3 Investment and Development Prospects                                                                 

                   6.3.1 Investment in past five years                                                

                   6.3.2 Investment Opportunities                                                               

          6.4 Competition Pattern                                                                                  

                   6.4.1 Concentration Ratio                                                                       

                   6.4.2 Industry Competition                                                                     

          6.5 Price Trend Analysis                                                                                   

                   6.5.1 Product Classifications and Their Prices                                             

                   6.5.2 Factors Influencing Prices                                                               

7. Company Profiles                                                                                       

          7.1 HaoCheng Mealworm Inc.                                                                          

          7.2 Proti-Farm Holding NV                                                                                

          7.3 Enviroflight                                                                                     

          7.4 Exo Inc.                                                                               

          7.5 Agriprotein Technologies                                                                            

          7.6 nextProtien                                                                                     

          7.7 Nutrition Technologies                                                                               

          7.8 Ynsect                                                                                 

          7.9 Entocycle                                                                             

          7.10 Agroloop                                                                            

          7.11 Enterra Feed Corporation                                                                          

          7.12 Protix                                                                                 

          7.13 Flying SpArk                                                                                 

          7.14 Chapul Inc.                                                                                   

          7.15 Entofood                                                                            

          7.16 Innovafeed                                                                                   

          7.17 Insectum                                                                                     

          7.18 Thailand Unique                                                                             

          7.19 Kreca                                                                                 

          7.20 Bitty Foods                                                                                   

          7.21 Gathr Foods                                                                                 

          7.22 Unique                                                                               

          7.23 Edible Inc.                                                                                    

          7.24 Nutribug                                                                             

          7.25 Crik Nutrition                                                                                 

          7.26 Bugsolutely                                                                                   

          7.27 Bugeater Foods                                                                             

          7.28 Micronutris                                                                                   

Appendix                                                                                            

          Sources                                                                                     

          Disclaimer                                                                                  

 

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