Global Insect Ingredients Market Overview:
In comparison to conventional livestock, insects offer a sustainable and efficient protein and lipid source. Furthermore, insect proteins and lipids are nutrient-dense. As a result, insect proteins and lipids have the potential to be used as dietary components. In many parts of Africa, Asia, and the Americas, edible insects are a popular food source. The use of insects as food and feed is gaining popularity in Western nations as people become more aware of the nutritional and environmental benefits connected with them. Over 2,000 species are known to be edible, and approximately 2 billion people consume them. North America is one of the largest markets for insect ingredients.
- Growing Consumption of Insect Ingredients Due to High Nutritional Value
- Increasing Consumption of Insect Ingredients in Range of Foods
- Growing Trend of Vegetarianism and Veganism
- Increasing Health Awareness Among Masses Will Increase the Demand of Insect Ingredients
- Consumption Of Insect Ingredients Will Grow as It Is Environmentally Beneficial as Compared to Meat Consumption
- Some Insect Species May Pose Threat to Health If Consumed
- Collected Insects May Be Diseased
Some of the key players profiled in the report are Carrefour (France), Proti-Farm (Netherlands), Entomo Farms (Canada), Protix (Netherlands), Ynsect (France), AgriProtein (South Africa), EnviroFlight (United States), Entomo Farms (Canada), VentureRadar (France) and Vekamaf (Netherlands). Considering Market by Packaging, the sub-segment i.e. Paper Packaging will boost the Insect Ingredients market. Considering Market by Sales Channel, the sub-segment i.e. Direct will boost the Insect Ingredients market.
On 16th May 2018, In Spain, Carrefour has begun the sale of a new insect-based food line. The goal of this new line is to provide consumers with the most cutting-edge culinary products while also including sustainable and ecologically friendly alternatives into the mix. Energy bars, snacks, spaghetti, and cereal are among the ten goods that Carrefour is releasing. These goods are handcrafted in Europe to the greatest quality standards, utilizing organic ingredients and a manual method. The goods come in recyclable paper packaging with extensive information on the ingredients and their nutritional worth.
Switzerland has approved the use of insects as food, “Approved insect species: Crickets, European migratory locusts and mealworms may, under certain conditions, be given to consumers as whole animals, chopped or ground.” “In the area of food safety, the principle applies that only foods that are safe can be placed on the market. Before being released, the insects must be frozen and subjected to a heat treatment or another suitable process which ensures that vegetative germs are killed.”
What Can be Explored with the Insect Ingredients Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Insect Ingredients Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Insect Ingredients
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Insect Ingredients market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Insect Ingredients market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Insect Ingredients Providers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations, End-Use Industries and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.
Frequently Asked Questions (FAQ):1. What is the growth rate predicted for the Global Insect Ingredients Market?
The Insect Ingredients market is expected to see a CAGR of % during projected year 2020 to 2026.
2. Who are the top performing companies in Insect Ingredients Market?
Top performing companies in the Global Insect Ingredients market are Carrefour (France), Proti-Farm (Netherlands), Entomo Farms (Canada), Protix (Netherlands), Ynsect (France), AgriProtein (South Africa), EnviroFlight (United States), Entomo Farms (Canada), VentureRadar (France) and Vekamaf (Netherlands), to name a few.
3. What trending factors would impact Insect Ingredients Market growth most?
"Beetles Are Most Widely Consumed Insects" is seen as one of major influencing trends for Insect Ingredients Market during projected period 2020-2026.