Segmented by insect (silkworm, honey bee, waxworm, lacquer insect, cochineal, cricket, other), by product (whole insect, insect protein, insect oil, other), by application (silk, lacquer, honey, pet food, food coloring, insect protein bars & shakes, Insect baked goods & snacks, others), by region and competition.
NEW YORK, December 5, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report, “Insect Farming – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028” – https://www.reportlinker.com .com/p06370155/?utm_source=GNW
The global Insect Cultivation Market is anticipated to grow at an impressive CAGR during the forecast period 2024-2028. The market growth is attributed to the increasing use of insects as an ingredient in food in various cuisines.
Edible insects are high in protein, healthy fats, iron and calcium and low in carbohydrates, even more nutritious than most ingested meats such as beef, chicken and others. Increasing greenhouse gas emissions from livestock and poultry farming have led to an increase in the need for cheap and sustainable protein alternatives, contributing to the growth of the global insect farming market.
Insect farming involves the breeding, raising, and harvesting of various types of insects that can be used for consumption and for the goods they produce, such as silk, honey, lacquer, and others.
Growing adoption of insects as ideal pet food
Insects as used in animal feed production as they provide nutritious feed components, feed efficiency and reproductive ability. Insects are good sources of minerals and vitamins like calcium, iron, magnesium, phosphorus, vitamin B12, thiamine, and riboflavin.
Extensive research has shown that black soldier fly larvae can be used as animal feed for pigs, fish and chickens as a substitute for traditional protein feeds such as fishmeal and soybean meal. For example, the American Association of Feed Control Officials, whose members control the sale and distribution of animal feed in the United States, has accepted the larvae as feed for poultry, certain fish, and swine.
Increasing food security risks to support insect farming market growth
In recent years, food security risks have increased around the world as agricultural land is shrinking, leading to food shortages and soaring animal meat prices. Therefore, insect farming is seen as a potential solution to address the challenges related to food security.
About 2000 species of insects are eaten by people around the world, mostly in tropical countries. They contain a sufficient amount and quality of protein, high content of unsaturated fatty acids and minerals. Human consumption of insects has the potential to reduce hunger on a global scale. They are both high in calories and nutrients.
For example, nearly 2 billion people around the world regularly eat bugs, which is over 25 percent of the world’s population.
Increasing research and development activities and increasing investments
Increasing investments from both the private and public sectors are supporting the growth of the market. For example, Protix, a manufacturer of sustainable insect-derived ingredients, said it received $57.2 million in investments from the European Circular Bioeconomy Fund (ECBF), the Prince Albert II Fund, BNP Paribas and The Good Investors. The investments were also funded by the company’s existing financiers, Aqua-Spark, Invest-NL and Rabo Investments. Additionally, the increase in research and development (R&D) activities is bolstering the growth of the market.
The global insect breeding market is segmented on the basis of insects, products, applications, and regional distribution. Based on the insects, the market is segmented into silkworms, honey bees, waxworms, lacquer insects, carmine, crickets, and others.
Based on the product, the market is segmented into whole insects, insect proteins, insect oils, and others. Based on application, the market is segmented into Silk, Lacquer, Honey, Pet Food, Food Dye, Insect Protein Bars & Protein Shakes, Insect Baked & Snacks, Others.
Regarding the country, United States is expected to be a lucrative market during the forecast period due to the rising number of technology startups in the country.
Major players in the global insect breeding market are Viscon Group, Bühler Insect Technology Solutions, Protenga Pte. Ltd., nextProtein SAS, NextAlim SAS, AgriProtein Holdings UK Ltd, Ÿnsect SAS, Thai Union Group, Deli Bugs Ltd., EntoCube Ltd., among others.
In this report, the global Insect Breeding Market has been segmented into following categories in addition to the industry trends which are also listed below:
• Insect Cultivation Market, by Insects:
o honey bees
o Lac insects
• Insect Cultivation Market, by Product:
o Whole insect
o insect protein
o insect oil
• Insect Cultivation Market by Application:
o animal feed
o food coloring
o Insect protein bars and protein shakes
o Baked goods & snacks with insects
• Insect farming market, by region:
o North America
o Asia Pacific
o Europe & CIS
o South America
o Middle East and Africa
Company Profiles: Detailed analysis of the key companies operating in the global Insect Cultivation Market.
With the given market data, we offer adjustments to the specific needs of a company. The following customization options are available for the report:
• Detailed analysis and profiling of additional market participants (up to five).
Read the full report: https://www.reportlinker.com/p06370155/?utm_source=GNW
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