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Insect-Based Ingredients Market Size & Analysis Forecasts To 2025


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Title: Insect-Based Ingredients Market Size & Analysis Forecasts To 2025

CONSULTANTS Ankita Roy, Treesha Banerjee and
Liza Dsouza from Global Market Estimates throw
the spotlight on the growing Insect-Based
Ingredients Market Market Insights The global
insect-based ingredients market is projected to
grow at a significant rate in the coming years.
The increasing demand for animal-based protein
for pet food along with rising pet ownership is
expected to augment demand over the coming years.
Increasing demand for healthy pet food to reduce
the incidence of heart disease, stress, and
depression among pets is also anticipated to
boost the demand for insect-based ingredients
market. Insects are expected to be more
efficient than traditional livestock at
converting feed into protein, as they require
comparatively less feed. Benefits associated with
the product such as the requirement of lesser
resources than traditional livestock coupled with
lower emission of greenhouse gases and ammonia
than traditional livestock species is likely to
drive the overall growth of the market. However,
factors such as lack of scale in the production
of insects along with stringent regulations on
insect-based feed in regions such as Europe are
projected to hinder the growth of the industry.
Insect-Based Ingredients Market Usage
Insights The insect-based ingredient market is
segmented on the basis of usage in animal feed,
pharmaceutical products, human food, protein,
honey, silk, cosmetics, lac ornaments, and
decoratives. The demand for animal feed is
expected to increase at a high CAGR due to rising
adoption of insects in place of traditional
livestock. Insects are considered to be highly
nutritious and a healthy food source of vitamin,
mineral, fat, fiber and protein.
The growing demand for pharmaceutical products
based on insects is also projected to foster
demand for the industry. Some of these identified
compounds and strains from various insect DNA
structures are used for manufacturing drugs are
being increasingly used for the treatment of
various health issues. For instance, larvae are
harvested, boiled, and mashed into a paste and
are used to induce lactation, reduce fever, and
soothe gastrointestinal tracts. Insect-Based
Ingredients Market Insect Family Insights The
market is segmented into Coleoptera, Lepidoptera,
Hymenoptera, Orthoptera, and Hemiptera amongst
others. The Lepidoptera segment is projected to
grow exponentially in the coming years. This
category includes such as butterflies and moths.
Increasing application of these insects as the
supplement for children and pregnant women who
suffer the deficiency in iron and protein is
likely to contribute to the overall market
growth. The orthopteran segment which includes
insects such as grasshoppers, locusts, and
crickets is also likely to register a
significant growth as they are a rich source of
protein. Insect-Based Ingredients Market
Regional Insights Insect-based ingredients
demand across the world is anticipated to evolve
at a very high CAGR over the coming years.
Increasing consumption of insect ingredients in
the Asia Pacific region is expected to create
untapped opportunities for the growth of the
market. Demand is anticipated to arise from
countries such as Sri Lanka, Malaysia, India,
Bangladesh, and China. Growing demand for
insects owing to their high nutritional value in
the Middle-East and African region is also
expected to increase the demand for the industry.
CONSULTANTS Insect-Based Ingredients Market
End-Use Landscape The end-use landscape entails
a list of current and prospective consumers
prevailing across the regions. This section
provides company addresses, contact details,
products, and regional presence of companies who
are purchasing or are likely to purchase
insect-based ingredients over the coming years.
Some leading consumers of insect-based
ingredients are CP Group, New Hope Group,
Cargill, Land O'Lakes, BRF and Tyson
Foods. Insect-Based Ingredients Market Vendor
Landscape The report contains a chapter
dedicated to vendors operating in the market,
covering raw material manufactures, equipment
developers, manufacturers, and distributors. The
report provides these insights on a regional
level. This section of the report entails contact
details, experience, products manufactured/suppli
ed, and geographical presence of
companies. Insect-Based Ingredients Market
Share Competitor Analysis Some of the players
operating in the global insect-based ingredients
market include Thailand Unique, Nordic Insect
Economy Ltd., Entomo Farms Ltd., Exo Inc.,
Proti-Farm, Enviro Flight LLC, Ento Tech,
Prote-Insect, AgriProtein and Enterra Feed
Corporation. In March 2018, the U.S.
Association of American Feed Control Officials
(AAFCO), the membership association formed to
regulate the sale and distribution of animal
feeds announced giving approval to Enterra Feed
Corporation, a manufacturer of sustainable
insect-based feed ingredients, to include black
soldier fly (BSF) larvae meal in feed for
salmonids. Apart from BSF, their list of
authorised feed ingredients includes salmon,
trout and arctic char. In September 2017,
Karma3, a Melbourne biotech company announced
using its software development skills to breed
black soldier flies. The larvae produced by the
flies are expected to convert food scraps into a
protein source. The current nutritional content
of the product is 60 to 65 per cent protein, and
rest as a mixture of carbohydrate and fat. This
protein can be used as fish meal.
  • The report segments the Insect-Based Ingredients
    Market on the basis of By Usage
  • Animal Feed
  • Pharmaceutical Products
  • Human Food
  • Protein
  • Honey
  • Silk
  • Cosmetics
  • Lac Ornaments and Decoratives
  • By Insect Family
  • Coleoptera
  • Lepidoptera
  • Hymnoptera
  • Orthoptera
  • Hemiptera

This article contains text from the Insect-Based
Ingredients Market Size Analysis Forecasts To
2025 report prepared by Global Market Estimates.
For more information or to buy the report,
please visit https//www.globalmarketestimates.c
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at https//