Europe Insect Protein Market Size, Analysis and Forecast
Data Bridge Market Research analyses that the Europe insect protein market which was USD 235.45 million in 2023, is expected to reach USD 1794.41 million by 2031, at a CAGR of 28.9% during the forecast period 2024 to 2031.
Reliable Europe Insect Protein Market Reports serve as an ideal solution for better market understanding and high business growth. It has become imperative in this rapidly changing market to take alert reports that alert you to the surrounding market conditions. This market report consists of a series of factors that have an influence on the market and industry, namely industry insights and critical success factors (CSF), market segmentation and value chain analysis, industry dynamics, drivers, obstacles, key opportunities, technology and application prospects, country level analysis and regional, competitive landscape, company market share analysis, and key company profiles.
Extensive research was conducted in the Europe Insect Protein Market report involving thorough primary interviews with key customers, understanding their preferences and unmet needs. The base year of calculation in the report is taken in 2022 and the historic year is 2021 which will tell how the Europe Insect Protein s Market will perform in the forecast year by informing the definition, classification, application and involvement of the market. Market studies help in making sales estimates of its products and thereby, establishing a harmonious adjustment between demand and supply of its products. Global Europe Insect Protein Market Report serves to be an ideal solution for better understanding of the market.
Data Bridge Market Research analyses that the Europe insect protein market which was USD 235.45 million in 2023, is expected to reach USD 1794.41 million by 2031, at a CAGR of 28.9% during the forecast period 2024 to 2031.
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Europe Insect Protein Market Scope and Segmentation
REPORT METRIC
DETAILS
Forecast Period
2024 to 2031
Base Year
2023
Historic Years
2022 (Customizable to 2016 - 2021)
Quantitative Units
Revenue in USD Billion, Volumes in Units, Pricing in USD
Segments Covered
By Insect Type (Beetles, Caterpillars, Bees, Wasps & Ants, Grasshopper, Locusts, Crickets, True Bugs, Black Soldier Flies, Cicadas, Leafhopper, Plant hoppers, Scale Insects, Termites, Dragonflies, Flies, Mealworms, and Others), Product Type (Organic and Conventional), Application (Food, Dietary Supplements, Animal Feed, Pharmaceutical, Cosmetic, and Sports Nutrition), Distribution Channel (Direct and Indirect)
Countries Covered
Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, and Rest of Europe
Market Players Covered
Protix B.V. (Netherlands), Ynsect (France), Entomo Farms (Canada), Hexafly (Ireland), AgriProtein (U. K.), Beta Hatch. (U. S.), EnterraCorp (Canada), Bugsolutely Ltd. (Thailand), InnovaFeed (France), Protenga (Singapore), EntoCube Ltd. (Finland), Bühler AG (Switzerland), Enviroflight (U. S.), entomo Agroindustrial (Brazil), and Symton Black Soldier Fly. (U. S.)
Market Opportunities
Increasing Investment in Research and Development
Innovative product development
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Market Definition
Insect protein refers to the protein derived from insects, which is increasingly being used as a sustainable and nutritious alternative to traditional protein sources such as meat, poultry, and fish. Insects are considered a good source of protein as they contain all the essential amino acids required by humans. They are also rich in micronutrients such as iron, zinc, and B vitamins. Insect protein can be extracted from various insect species and processed into different forms, such as powders, oils, and whole insects, for use in food and feed products.
Europe Insect Protein Market Dynamics
Drivers
Increasing Interest in Alternative Protein Sources
The increasing interest in alternative protein sources is a key driver behind the growth of the market. This trend is fueled by growing awareness of the environmental impact of traditional livestock farming, the need to address the global food security challenge, and the increasing recognition of the nutritional benefits of insect protein. The market is expected to continue growing in the coming years, as more consumers and food companies embrace insect protein as a sustainable and nutritious choice.
Growing Awareness of Insect Proteins
Insects are composed of various nutrients, including proteins, fats, carbohydrates, vitamins, and minerals. They also have a low environmental impact compared to traditional livestock, requiring less land, water, and feed to produce the same amount of protein. As consumers become more aware of these benefits, there is a growing interest in insect protein as a sustainable and healthy alternative to traditional protein sources, which is ultimately driving market growth. There has been growing interest in utilizing insects as a sustainable and environmentally friendly protein source to address global food security challenges.
Opportunities
Innovative Product Development
The increasing interest in insect protein, along with its diverse applications in the food, pharmaceuticals, and feed industries, has empowered manufacturers to introduce novel products to the market. Companies introducing these new products are poised to unlock significant growth opportunities. Manufacturers must concentrate on creating and innovating new products that are readily embraced by consumers. For instance, incorporating insects as ingredients in energy drinks, cookies, chips, and snacks could be particularly appealing to younger consumers and can create various opportunities in the market.
Continuous Research and Innovation
Continuous research and innovation efforts are pivotal in advancing the market, driving progress in various aspects such as insect farming techniques, processing methodologies, and product diversification. Researchers are exploring novel approaches to optimize insect rearing conditions, enhance feed efficiency, and increase biomass yield, thereby improving the overall sustainability and scalability of insect farming operations. In addition, ongoing research focuses on refining processing methods to extract protein efficiently while preserving its nutritional integrity and sensory qualities. This includes exploring novel extraction techniques, such as solvent-free methods or enzymatic hydrolysis, to produce high-quality insect protein ingredients suitable for diverse food applications creating new opportunities for sustainable protein production and consumption.
Key questions answered in the Europe Insect Protein Market are:
What is Europe Insect Protein Market?
What was the Europe Insect Protein Market size in 2022?
What are the different segments of the Europe Insect Protein Market?
What growth strategies are the players considering to increase their presence in Europe Insect Protein Market?
What are the upcoming industry applications and trends for the Europe Insect Protein Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Europe Insect Protein Market?
What major challenges could the Europe Insect Protein Market face in the future?
What segments are covered in the Europe Insect Protein Market?
Who are the leading companies and what are their portfolios in Europe Insect Protein Market?
What segments are covered in the Europe Insect Protein Market?
Who are the key players in the Europe Insect Protein Market?
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