Global Beetles Protein Market, By Product Type (Whole Insects, Flour, Oil, Protein Bars, Smoothies, Others), End Use Industry (Food and Beverages, Pharmaceutical, Animal Feed, Cosmetics, Biodiesel, Others), Protein Extraction (Solvent-Based, Aqueous-Based), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E., Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Beetles Protein Market
Beetles protein market is expected to grow at a rate of 18.0% in the forecast period 2021 to 2028. The growing demand for alternative protein, which in the forecast period 2021-2028 will serve as a driver for the beetles protein market.
Insect protein is a high-quality protein that is available in different types, such as animal feed from insect protein powder and insect protein. Anti-freeze proteins are produced by insects, plants, micro-organisms, and some fish species. The most widely used types of insect protein products are whole insects, flour, and oil. They are a sustainable alternative protein source in feed and food while edible insects can contribute to food and feed security.
The increasing need of the food security and sustainability, surging levels of investment in research and development activities and start-ups, rising consumption of insects as they are rich in protein along with high nutritional value of the edible insects due to high quality protein, amino acids, and vitamins, increasing demand for sustainable protein sources are some of the major as well as vital factors which will likely to augment the growth of the beetles protein market in the projected timeframe of 2021-2028. On the other hand, support from the government and defined regulations along with increasing number of collaborations between manufacturers and retailers which will further contribute immense opportunities which will led to the growth of the beetles protein market in the above mentioned projected timeframe.
High cost of product along with less consumer acceptance and high microbial risk and allergic reactions which will likely to act as market restraints for the growth of the beetles protein in the above mentioned projected timeframe. Increasing trends of veganism along with lack of awareness among the people regarding the benefits of insect farming which will become the biggest and foremost challenge for the growth of the market.
This beetles protein market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on beetles protein market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Beetles Protein Market Scope and Market Size
Beetles protein market is segmented on the basis of product type, end use industry, and protein extraction. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product type, the beetles protein market is segmented into whole insects, flour, oil, protein bars, smoothies, and others.
- Based on end use industry, the beetles protein market is segmented into food and beverages, pharmaceutical, animal feed, cosmetics, biodiesel, and others. Food and beverages have been further segmented into snacks, bars, bread, pasta, chips, burgers, nuggets, beverages, and others. Animal feed has been further segmented into aquaculture feed, poultry feed, pet food, pig feed, and others.
- Based on the protein extraction, the beetles protein market is segmented into solvent-based, and aqueous-based.
Beetles Protein Market Country Level Analysis
Beetles protein market is analyses and market size, volume information is provided by country, product type, end use industry, and protein extraction as referenced above.
The countries covered in the beetles protein market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
The U.K., and Germany dominates the Europe beetles protein market due to the increasing number of applications in food industry, rising demand of the dietary and nutritional supplements, increasing importance of fiber-fortified products along with rising consumption of key ingredients by the old age and middle age consumers in the region while, the U.S. and Mexico will expect to grow in the North America beetles protein market during the forecast period 2021 to 2028 due to the changes in food regulations, increasing self-care movement and expansion of food and beverages market in the region.
The country section of the beetles protein market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Beetles Protein Market Share Analysis
Beetles protein market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to beetles protein market.
The major players covered in the beetles protein report are Insect Technology Group Holdings UK Ltd.; Enviroflight; Innovafeed.; Ynsect (SAS); Protix B.V.; Hexafly; EntomoFarms; Aspire Food Group; Protifarm; UV Skinz, Inc; Imago Insect Products GmbH; Thailand Unique; nextProtein.; Bühler AG; Koppert Biological Systems; BIOFLYTECH; EXO.; Topinsect; Entobel.; Beetle Source; among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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