Insect protein, derived from insects such as black soldier flies and mealworms, offers a sustainable solution to various challenges in the agricultural sector. With its high protein content and efficient conversion of organic waste into valuable nutrients, insect protein finds a notable application in animal feed production. Replacing traditional feed ingredients such as soy or fishmeal, farmers can reduce their environmental footprint while enhancing the nutritional profile of livestock, poultry, and aquaculture. This shift toward insect-based feed aligns with the growing demand for sustainable and ethical practices in agriculture, addressing issues such as feed scarcity, environmental degradation, and rising production costs.
The Global Insect Protein Market valued at USD 845.41 million in 2023 is projected to reach USD 4,943.11 million by 2031, and will grow at a CAGR of 24.7% during the forecast period of 2024-2031.
Below are the Top Insect Protein Companies with a Significant Market Share:
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Rank
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Company
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Overview
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Product Portfolio
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Sales Geographical Coverage
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Developments
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1.
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Enviroflight
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Enviroflight specializes in sustainable insect farming, focusing on black soldier flies to produce high-quality protein for animal feed and fertilizer. They utilize innovative technology to convert organic waste into valuable resources, contributing to the circular economy and addressing environmental challenges in agriculture.
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Europe, North America, South America and Asia-Pacific
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EnviroFlight, a leading insect-based technology company, specializes in producing high-quality black soldier fly larvae (BSFL) as a sustainable source of protein and fat. Their products, trusted by zoos for specialized animal diets, offer nutrition similar to native habitats. EnviroFlight's innovative solutions aim to address the increasing demand for animal-derived protein sustainably, utilizing BSFL as a nutrient source for various animals, including poultry, fish, pets, exotics, and swine. Through strict adherence to quality standards and a focus on consistency and capacity, EnviroFlight provides premium insect-based products for a range of industries.
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2.
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PROTIFARM
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PROTIFARM is a leading company in the insect protein market, specializing in the production of high-quality insect-based ingredients. They utilize innovative technologies to farm insects sustainably, focusing on species like mealworms and black soldier flies. Protifarm's products cater to various sectors including food, feed, and nutraceuticals, offering a sustainable and nutritious alternative to traditional protein sources.
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Neitherlands
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In March 2020, PROTIFARM announces that they have received an award from Blue tulip awards and secure the 10th position in the annual program. Through this the company will able to gain more trust of its customers.
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3.
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Agriprotein
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Agriprotein is renowned for pioneering large-scale insect farming using black soldier flies to convert organic waste into protein-rich feed for livestock, poultry, and aquaculture. Their innovative approach addresses food waste management and provides a sustainable solution to feed scarcity and environmental degradation in agriculture.
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Europe, Africa, North America, and Asia-Pacific
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In 2019, AgriProtein opened a new R&D centre and project management office (PMO) in Singapore to expand its footprint in Asia-Pacific region.
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4.
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Enterra Solutions LLC
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Enterra Solutions LLC specializes in insect-based nutrient recycling, utilizing larvae to upcycle organic waste into protein and fertilizer. Their innovative technology offers a sustainable alternative to traditional waste management methods while providing a valuable source of protein for animal feed and contributing to soil health and fertility.
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North America
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Enterra Feed Corporation, a Canadian company founded in 2007, is a pioneer in producing insect-based feed ingredients. Using black soldier fly larvae as their primary source, Enterra seamlessly transforms organic waste materials into high-quality proteins and oils. Their innovative approach not only diverts organic waste from landfills but also showcases how eco-friendly initiatives can redefine animal agriculture for the better. Weaving sustainability with innovation, Enterra is redefining the future of animal feed, offering a nutritious and environmentally-friendly alternative to traditional protein sources.
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5.
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Aspire Food Group
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Aspire Food Group is a leading player in the edible insect market, focusing on farming crickets for human consumption. They produce a range of cricket-based food products rich in protein and nutrients, contributing to the diversification of protein sources and promoting sustainable and nutritious diets globally.
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U.S., and Ghana
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Aspire Food Group is a pioneer in precision insect farming, using robotics and automated data-collection to raise crickets that are nutritionally similar to meat but have a much smaller environmental footprint. Their cricket protein is a whole food ingredient that is high in complete protein (60-70% by dry weight), calcium, iron, omega-3s, and vitamin B12. Aspire processes the crickets into all-natural, sustainable, superfood ingredients that are nutritionally on par with or superior to livestock, cell-cultured, and plant-based alternatives. They are building the world's first fully automated food-grade insect protein manufacturing site to produce 20,000 metric tons of cricket protein and frass (waste used for fertilizer and soil supplements) annually.
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Conclusion
In the growing insect protein market, companies such as Enviroflight, Ynsect NL Nutrition & Health B.V., Agriprotein, Enterra Solutions LLC, and Aspire Food Group stand out as innovators driving sustainability and efficiency in protein production. Through their diverse approaches, from utilizing black soldier flies and mealworms for animal feed to pioneering edible insect products for human consumption, these companies are reshaping the food industry landscape. Their contributions not only address pressing issues such as food waste management, feed scarcity, and environmental degradation but also offer promising solutions for achieving global food security and sustainability goals. As the demand for alternative protein sources continues to rise, these companies play a crucial role in promoting the adoption of insect protein as a viable and environmentally friendly option in the quest for a more resilient and sustainable food system.
