糖心vlog传媒

logo

Insect-based Ingredients Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Global Insect-based Ingredients Market is segmented by usage into insect-based animal feed, insect-based pharmaceutical products, insect-based human food and beverage, and others; by insect type into Beetles, Caterpillar, Hymenoptera, Orthoptera, Tree Bugs, and other Insect Types and geography.

Home Market Analysis Animal Nutrition & Wellness Research Feed Additives Research Insect Feed Additive Research Insect-Based Ingredients Market

Insect-Based Ingredients Market Size

Insect-based Ingredients Market Growth
Study Period 2019 - 2029
Market Size (2024) USD 1.89 Billion
Market Size (2029) USD 2.91 Billion
CAGR (2024 - 2029) 8.90 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration High

Major Players

Insect-based Ingredients Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Insect-Based Ingredients Market with other markets in Animal Nutrition & Wellness Industry

Compound Feed

Feed Additives

Pet Care

Animal Farm Services

Insect-Based Ingredients Market Analysis

The Insect-Based Ingredients Market size is estimated at USD 1.89 billion in 2024, and is expected to reach USD 2.91 billion by 2029, growing at a CAGR of 8.90% during the forecast period (2024-2029).

  • The market will have a strong growth in the coming years owing to the trends such astechnological improvements in gene mapping, rising costs of animal feed ingredients and increasing demand for consumption of insects which will lead to an increased usage of insect-based ingredients.
  • However, around 2,000 insect species are already consumed by humans and domestic animals across the globe as part of their regular diet, due to their high protein content, favorable fats, minerals, and vitamins. This has provided opportunities for food producers to enter this market and launch various products such as protein bars, snacks, whey protein, mealworm cookies, cricket pasta, honey caterpillar croquettes, mixed insect snacks, and candies based on insect protein.

Insect-Based Ingredients Market Trends

This section covers the major market trends shaping the Insect-Based Ingredients Market according to our research experts:

Increasing Demand from the Aquafeed Industry for Edible Insect Feed

Alternative protein sources are necessary for an animal's nutrition and therefore aquafeed industries are demanding edible insects for their feed. This, in turn, leads the companies to demand for insect-ingredients. Prices of fishmeal and soy meal, which are used as aquafeed, are high. Aquaculture production is continuously increasing which increases the demand for alternative and affordable protein sources such as edible insects for animal feed. Edible insect feed products can have a market similar to fishmeal and soymeal, which are used as the main ingredients in feed formulae for livestock feed and aquafeed. Thus, the demand for insect feed can create considerable opportunities for insect feed ingredients manufacturers and farmers in the industry by reducing feed costs for both farmers and suppliers. Thus, the growing aquatic population will lead to increased feed demand which in turn will lead to increased demand for insect-based ingredients.

Insect-based Ingredients Market Share

Asia-Pacific is the Fastest Growing Market

Growing concern towards various health issues and a shift in the consumption pattern to a protein-rich diet may drive the Asia Pacific's insect feed market size. The product offers various health benefits, including reducing obesity, and are healthy even for animals when offered as fodder, resulting in an increase in the product demand. moreover, the aquaculture industry is highly inclined towards Asia, particularly Southeast Asia and China. Of all the fish food produced by the aquaculture industry, the majority of it is consumed by Southeast Asia alone. Therefore, to feed the aquatic animals, insect feed is highly demanded in this region. Thus, the manufacturers of insect feed will demand insect feed ingredients to manufacture diverse insect feed portfolio. Thus, the market for insect-based ingredients will grow in the coming years in the Asia-Pacific region.

Insect-based Ingredients Market Analysis

Insect-Based Ingredients Industry Overview

The insect-based ingredients market is highly concentrated, with the top ten companies accounting for more than 50% of the market share. The leading players in the market studied are focused on business expansion. They are targeting countries in Asia-Pacific for business expansion, by either investing in new production units or acquiring established small players in the region. Some of the major players in the market are Enviroflight, Agri Protein, Ynsect, Protix B.V., and, Entomo Farms, etc.

Insect-Based Ingredients Market Leaders

  1. Ynsect

  2. Protix

  3. AgriProtein

  4. EnviroFlight

  5. Entomo Farms

*Disclaimer: Major Players sorted in no particular order

Ynsect, Protix, AgriProtein, EnviroFlight, Entomo Farms
Need More Details on Market Players and Competitors?
Download PDF

Insect-Based Ingredients Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Introduction to Market Drivers and Restraints

    3. 4.3 Market Drivers

    4. 4.4 Market Restraints

    5. 4.5 Industry Attractiveness - Porter's Five Force Analysis

      1. 4.5.1 Threat of New Entrants

      2. 4.5.2 Bargaining Power of Buyers/Consumers

      3. 4.5.3 Bargaining Power of Suppliers

      4. 4.5.4 Threat of Substitute Products

      5. 4.5.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Usage

      1. 5.1.1 Insect-Based Animal Feed

      2. 5.1.2 Insect-Based Pharmaceutical Products

      3. 5.1.3 Insect-Based Human Food and Beverage

      4. 5.1.4 Others

    2. 5.2 Insect Type

      1. 5.2.1 Beetles

      2. 5.2.2 Caterpillar

      3. 5.2.3 Hymenoptera

      4. 5.2.4 Orthoptera

      5. 5.2.5 Tree Bugs

      6. 5.2.6 Other Insect Types

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

        4. 5.3.1.4 Rest of North America

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Russia

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Thailand

        5. 5.3.3.5 Iran

        6. 5.3.3.6 Rest of Asia-Pacific

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East and Africa

        1. 5.3.5.1 South Africa

        2. 5.3.5.2 Egypt

        3. 5.3.5.3 Rest of Middle East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Market Share Analysis

    2. 6.2 Most Adopted Strategies

    3. 6.3 Company Profiles

      1. 6.3.1 Ynsect

      2. 6.3.2 Protix

      3. 6.3.3 AgriProtein

      4. 6.3.4 EnviroFlight

      5. 6.3.5 Entomo Farms

      6. 6.3.6 Exo Inc.

      7. 6.3.7 Enterra Feed Corporation

      8. 6.3.8 Protifarm

      9. 6.3.9 Thailand Unique

      10. 6.3.10 ENTOTRUST

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

Insect-Based Ingredients Industry Segmentation

Insects such as grasshopper, locust, and cricket belong to the orthoptera family and are widely used as ingredients for insect-based human foods. Insects used as feed for livestock have less market penetration, as compared to regular feed. Fish meal, fish oil, soybeans, and several other grains (regular feed) are the most commonly used ingredients in animal feed. According to FAO, procurement of these key ingredients accounts for over 65% of the production costs, in the manufacture of animal feed. In addition, the price of these raw materials is observed to be increasing at a significant rate in the recent years. The usage of fish for non-food uses (to make insect feed and to be used as vaccines) is reducing for the past two decades.

Usage
Insect-Based Animal Feed
Insect-Based Pharmaceutical Products
Insect-Based Human Food and Beverage
Others
Insect Type
Beetles
Caterpillar
Hymenoptera
Orthoptera
Tree Bugs
Other Insect Types
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Germany
United Kingdom
France
Russia
Spain
Rest of Europe
Asia Pacific
China
Japan
India
Thailand
Iran
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
South Africa
Egypt
Rest of Middle East and Africa
Need A Different Region Or Segment?
Customize Now

Insect-Based Ingredients Market Research FAQs

The Insect-Based Ingredients Market size is expected to reach USD 1.89 billion in 2024 and grow at a CAGR of 8.90% to reach USD 2.91 billion by 2029.

In 2024, the Insect-Based Ingredients Market size is expected to reach USD 1.89 billion.

Ynsect, Protix, AgriProtein, EnviroFlight and Entomo Farms are the major companies operating in the Insect-Based Ingredients Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Insect-Based Ingredients Market.

In 2023, the Insect-Based Ingredients Market size was estimated at USD 1.74 billion. The report covers the Insect-Based Ingredients Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Insect-Based Ingredients Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Insect-Based Ingredients Industry Report

Statistics for the 2024 Insect-Based Ingredients market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Insect-Based Ingredients analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Insect-Based Ingredients Report Snapshots

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!

Insect-based Ingredients Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)