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

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Europe is one of the leading markets of protein across the world. The consumption of whey protein is very high across various countries in the region. Strict regulation of European Union in collaboration with the member countries ensures food safety and quality for the consumers. With growing concern about the environment and sustainability, the demand for food sources that emit less greenhouse gases and leaves negligible carbon foot prints is rising. Hence, the market of edible insect ingredients and insect protein has become appealing for some of the consumers in the Europe over animal and plant proteins. Europe currently accounts for around 12% of global insect ingredients and insect protein market. Considering the size of the continent and the potential of highly developed food processing industry, it has relatively low market share compared to the North America and Asia-Pacific.

European edible insect and insect protein market is estimated at $49.8 million in 2018. Many factors drive the edible insect industry in the region which includes growing demand of alternative protein sources that are more sustainable in nature, growing search for preventive sources of health problems such as obesity, heart problems, cardiovascular, etc. and rising demand of gluten free and lactose free products. These factors would aid the edible insect industry of Europe to capture the value of $94.6 million by 2023, growing at a CAGR of 13.7% during 2018 to 2023.

Switzerland and Finland are both leading consumers of edible insect industry in the region with the market share of around 17% and 14% respectively. Even though these countries are smaller in size and population, the industry of edible insect is developing at a rapid pace since past few years. The Government of Switzerland has recently defined proper guideline to use edible insect as a food source. The intensive R&D efforts from the producers, ready consumer base and Government support makes Switzerland the fastest growing insect industry in the region. Similarly, in Finland, due to the support from the Government and interest of population to consume insect as a food source, number of start-ups are seeking to develop edible insect-based products range that has its application across bakery, confectionery and supplementary industries.

Belgium and France also account for considerable edible insect and insect protein market share. Belgium Insect Industry federation are continuously working with the research institutes, manufacturers and universities to widen the scope of insects across food, beverage, dietary supplements and animal feed industries. It also helps the companies by sharing know-how about the breeding process and other steps that needs to be followed through the supply chain. France and Germany have highly developed food industry but acceptability of edible insect as a food source is low which is restraining the growth of the market. Moreover, the popularity of substitute protein types is very high particularly whey, soy and wheat protein causing entry barriers to the insect protein industry.

There are many companies operating in the European region in the edible insect industry along with rising number of startups. Some of the popular players in the industry includes Entocycle, Agroloop, Protix, Innovafeed, Kreca, Gathr Foods and Nutribug, Micronutris. These companies are continuously striving to stay tuned with the demand of consumers and marketing the products to market expansion.

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 Europe                                                                       

                   5.1.1 U.K.                                                              

                   5.1.2 Germany                                                                  

                   5.1.3 France                                                           

                   5.1.4 Italy                                                              

                   5.1.5 Belgium                                                          

                   5.1.6 Switzerland                                                               

                   5.1.7 Russia                                                            

                   5.1.8 Finland                                                           

                   5.1.9 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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