DUBLIN – (BUSINESS WIRE) – Added Insect Food Market – Growth, Trends, COVID-19 Impact, and Forecast (2021-2026) report ResearchAndMarkets.com Offer.
The global insect food market is expected to grow by 12.0% in the forecast period. Overall growth of the insect farming sector in North America is closely related to the growth of the insect feed sector in the region.
Mentioned companies
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Alltech Coppens
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Multibox
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nextProtien
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EnviroFlight
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Protix
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InnovaFeed
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Small farms
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insect
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AgriProtien
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Enterra Feed Corporation
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Hexafly
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Entofood
Important market trends
Growing demand for animal feed
The increased consumption of meat and meat products around the world has led to increased animal production that requires high quality feed in order to achieve better yields. Compared to conventional meat such as poultry and livestock, insects contain more protein and less fat. Therefore, they can be made for human consumption or as a source of protein in raw material mixtures. The need for grain and protein feed is likely to increase as the demand for meat increases.
For example, the cattle are fed about 6 kg of vegetable protein to get 1 kg of animal protein. The demand for high quality protein is increasing in the poultry industry and with it the demand for insect feed. Edible insects may have a similar demand as soy meal and fish meal, which are used as main ingredients in animal feed and aquafeed feed formulas.
The Asia-Pacific region dominates the market
In the Asia-Pacific region, the growing consumption of meat in recent years has increased the demand for nutritious insect foods. At the same time, investments by insect feed companies in the region fueled market growth. For example, in 2017 Protix partnered with Buhler Insect Technology Solutions, based in China, to improve insect food production in the country where Bühler installed a pilot plant to process fly larvae and mealworms using the former animal feed. Such developments in the country are fueling the revenues of the insect food market in China. Therefore, the region is expected to experience robust growth due to the increasing demand for insect food in various countries such as China, South Korea and Japan combined with increased demand for animal protein.
Main topics covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 SUMMARY
4 MARKET DYNAMICS
4.1 Market overview
4.2 Market drivers
4.3 Market Restrictions
4.4 Porter’s Five Forces Analysis
5 MARKET SEGMENTATION
5.1 Species
5.1.1 Aquaculture
5.1.2 Poultry
5.1.3 Pigs
5.1.4 Other species
5.2 geography
5.2.1 North America
5.2.1.1 United States
5.2.1.2 Canada
5.2.1.3 Mexico
5.2.1.4 Rest of North America
5.2.2 Europe
5.2.2.1 Germany
5.2.2.2 United Kingdom
5.2.2.3 France
5.2.2.4 Russia
5.2.2.5 Spain
5.2.2.6 Rest of Europe
5.2.3 Asia-Pacific
5.2.3.1 China
5.2.3.2 Japan
5.2.3.3 India
5.2.3.4 Rest of Asia Pacific
5.2.4 South America
5.2.4.1 Brazil
5.2.4.2 Argentina
5.2.4.3 Rest of South America
5.2.5 Middle East and Africa
5.2.5.1 United Arab Emirates
5.2.5.2 Egypt
5.2.5.3 Rest of the Middle East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Most commonly adopted strategies
6.2 Market share analysis
6.3 Company profiles
6.3.1 Alltech Coppens
6.3.2 Multibox
6.3.3 nextProtien
6.3.4 EnviroFlight
6.3.5 Protix
6.3.6 InnovaFeed
6.3.7 Small farms
6.3.8 Insect
6.3.9 AgriProtien
6.3.10 Enterra Feed Corporation
6.3.11 Hexafly
6.3.12 Entofood
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
8 ASSESSING THE IMPACT OF COVID-19 ON THE MARKET
Please visit https://www.researchandmarkets.com/r/wz23gn for more information on this report
