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Published June, 2018
North America Edible Insect & Insect Protein Market- Size, Trends, Competitive Analysis and Forecasts (2018-2023)

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North America is among the major markets of edible insect and insect protein across the world. It contributes around one-fifth of total edible insect and insect protein market in the world. U.S. leads the edible insect market with the percentage share of 45%. Canada and Mexico are other major markets accounting for 25% and 19% respectively. Rising demand of alternate protein types, growing concern about the environment, strengthening demand of supplement products are some of the major drivers that would drive the growth of edible insect market. Presently, North America has a market size of $107.2 million, which is estimated to capture the value of $233.9 million by 2023, registering a CAGR of 16.9% during the period of forecast.

The economy of U.S. and Canada is very strong. These countries spend huge amount of money into the research and development in food industry and are driving innovation in edible insect industry. Many research institutes and universities are working in close collaboration with the leading insect producers to develop wide range of insect-based products that can be used as a primary ingredient across food, beverage and dietary supplements industries. Animal feed industry shares highest share of edible insect and insect protein market which is followed by the food, fertilizer, dietary supplements and beverage industries. Insects are found to contain various important minerals and vitamins that can be used to produce wide range of cosmetics and personal care products. Moreover, it is also used as an ingredient to prepare medicines to cure various illness.

Though, the edible insect industry in the region is not as developed as the Asia-Pacific region but the recent research and innovations will drive the edible insect industry growth in coming years. The industry is in early growth stage and number of companies are flourishing in the market. The competition in the insect industry is moderate in the region. The opinions of food and health experts about the health advantages of insects is estimated to increase the demand from consumers thereby attracting new players and investment in the market.

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
  • 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 Whole Insect                                                            

                             4.1.1.1 Live                                                  

                             4.1.1.2 Dried                                                 

                             4.1.1.3 Frozen                                                        

                             4.1.1.4 Freeze Dried                                                 

                             4.1.1.5 Canned                                                        

                   4.1.2 Powder                                                          

                   4.1.3 Extracted Protein                                                                 

                             4.1.3.1 Protein Isolate                                                        

                             4.1.3.2 Textured Protein                                                     

                             4.1.3.3 Powder Capsules                                                    

                   4.1.4 Meal                                                              

                   4.1.5 Oil                                                                 

                   4.1.6 Others                                                           

          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                                                           

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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