The paper analyses how COVID-19 lock-down will affect market leaders’, followers’, and disruptors’ revenue. Since lock down was executed differently in many locations and nations, its effects vary by regions and market categories. The report’s discussion of the market’s immediate and long-term effects will aid in the preparation of an outline for short- and long-term business strategies by region by decision-makers.
Insect Protein Market size was valued at US$ 413.5 Mn. in 2021 and revenue is expected to grow by 25.2% from 2022 to 2029, reaching nearly US$ 2496.39 Mn.Insect Protein Market Overview:
The “Global Insect Protein Market Analysis” is an in-depth look at the Insect Protein market Size, with a focus on global market trends and analysis. This study seeks to provide an overview of the Insect Protein industry as well as detailed market segmentation by segment and geography. The Insect Protein market growth is expected to expand rapidly over the forecast period. The research contains critical information on the market positions of the top Insect Protein firms, as well as significant industry trends and opportunities.
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Market Scope:
Top-down and bottom-up approaches are used to validate the market size and estimate the market size by different segments. The market estimations in the research are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). Weights based on usage rate and average sale price are applied to each area to generate percentage splits, market shares, and segment breakdowns. The country-wise divisions of the overall market and its sub-segments are determined by the percentage adoption or usage of the specified market Size in the relevant area or nation.
Segmentation:
The food and beverage segment, which will rank as the second-largest end use category in 2021, is anticipated to have rapid growth throughout the course of the forecast period. Products for use in the food and beverage industry include functional foods, nutrient-rich bars, and goods high in protein. The expansion of countries that allow the consumption of insects is anticipated to fuel market expansion. Insect protein is frequently used as an alternative source of fats in skincare products in the personal care and cosmetics industry. The rising environmental issues that also have an impact on product development have put pressure on the cosmetics sector in recent years to use more natural & sustainable raw ingredients.
Key Players: Primary and secondary research are used to identify market leaders, and primary and secondary research are used to calculate market revenue. In-depth interviews with important thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives were conducted as part of the primary study. Primary research comprised in-depth interviews with key thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives, while secondary research included a review of the main manufacturers’ annual and financial reports. Secondary data is used to determine percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then cross-checked with primary data.
The following are the key players of the Insect Protein market-
• Aspire Food Group (US)
• EnviroFlight, LCC (US)
• Chapul, LLC (US)
• Cricket Flours LLC (US)
• nextProtein (France)
• Nutribug (France)
• Innovafeed (France)
• Ÿnsect (France)
• Cycle Farms (France)
• Entoma petfood (France)
• Innova Feed (France)
• Beta Bugs (UK)
• Jimini’s (UK)
• EntomoFarms (Canada)
• Crik Nutrition (Canada)
• Entosystems (Canada)
• Protix (Netherlands)
• VDL Insect Systems (Netherland)
• FlyFarm Worldwide Ltd (Singapore)
• Lam Tak (PTE) Ltd (Singapore)
• Global Bugs (Thailand)
• Thailand Unique (Thailand)
• EntoCube Ltd. (Finland)
• Entoprot Oy (Finland)
• HATCH Biosystems (Australia)
• Goterra (Australia)
• Nutrition Technologies (Malaysia)
• SENS Foods (Denmark)
• Hexafly (Ireland)
Regional Analysis:
A country-level examination of the Insect Protein Market focuses on categories identified as potentially high-growth, countries with the largest market share, and countries with the highest development potential. The regional breakdowns in the Insect Protein Market report include North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), and Other countries.
COVID-19 Impact Analysis on Insect Protein Market:
We investigated and analyzed the Global Insect Protein Business Expansion Strategy post-COVID-19, by organizational strategic analysis, landscape, category, utilization, and leading countries, which encapsulates and analyses the global Insect Protein industry’s potential, providing statistical data on market trends, growth regulators, major challenges, PORTER analysis, and market entry strategy analysis, prospects, and forecasts. The primary goal of the study is to provide industrial enterprises with a strategic analysis of COVID-19’s impact. Simultaneously, this research examined key nations’ marketplaces and emphasized their market potential in post-pandemic situations.
Key Questions Answered in the Insect Protein Market Report are:
- What are the most promising high-growth opportunities in the global Insect Protein sector, as defined by product category, End User, and Region?
- Which Insect Protein market segments will expand the fastest, and why?
- Which regions will have the fastest growth, and why?
- What are the primary elements influencing Insect Protein market dynamics? What are the primary drivers and obstacles in the Insect Protein market share
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- What are the Insect Protein market’s weaknesses and threats?
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