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

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South America is among the fastest growing regions in the world after Asia-Pacific. Involvement of leading countries in collaboration with the international safety, security and financial organization, has resulted in increasing rate of industrialization, infrastructure development and growing rate of employment. Many of the industries has been flourished in past few years and in coming years the industry of food, beverage and supplements is estimated to grow at a steady rate. The demand of protein in many of countries in this region is rising due to increase in awareness about its health benefits, growing concern about various health problems and high influence of trend taking place in western developed region.

Edible insect and insect protein is relatively new market in the region. Low acceptability of insect as a potential food source among the consumers, ever growing market of substitute protein types and improper regulation and development of extraction process are some of the major factors that are limiting the growth of the market. Brazil accounts for largest share of edible insect and insect protein market in the region followed by Argentina, Colombia and others. Brazil is one of the leading countries in the region with large consumer base. The demand of dietary supplements in most of these countries is growing at a rapid pace due to rising population attending gym and fitness studios. Thus, there is huge opportunity for the insect and insect protein manufactures to widen the product range to serve increasing consumer base.

The application of edible insect and insect protein across animal feed industry is very high compared to other applications. Major drivers of this trend are growing demand of natural ingredients-based feed, high affordability and less release of greenhouse gases during production. The applications of edible insect and insect protein across food and beverage industry is also rising with growing demand of meat substitute products, dairy alternative products, drinks, juices, bakery items and confectionery products. Due to growing market of edible insect and insect protein, increasing local companies in the region are trying to expanding their product portfolio that meets the present demand of consumers. The competition among the industry players is currently at the lower level due to low market share and not many players indulge in this business. However with rising demand of insect across various industry segments, number of new entrants is estimated to increase.

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 South America                                                                       

                   5.1.1 Brazil                                                             

                   5.1.2 Argentina                                                                 

                   5.1.3 Colombia                                                                 

                   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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