'North America Insect Protein Market' the new research report adds in Data Bridge Market Research's reports database. This Research Report spread across 329 Page, 53 No of Tables, And 244 No of Figures with summarizing Top companies, with tables and figures. The North America Insect Protein market research report presents a comprehensive study on production capacity, consumption, import and export for all the major regions across the world. By keeping in mind the end user's point of view, a team of researchers, forecasters, analysts and industry expert's work in-depth to formulate this North America Insect Protein market research report. The research and analysis carried out in this North America Insect Protein report assists clients to forecast investment in an emerging market, expansion of market share or success of a new product. To turn complex market insights into simpler version, well established tools and techniques are used for generation of North America Insect Protein report.
North America Insect Protein Market was valued at USD 30,878.24 million in 2021 and is expected to reach USD 338,563.98 million by 2029, registering a CAGR of 24.40% during the forecast period of 2022-2029. Food and Beverages segment may grow in the future as it can provide high protein in food products and may also act as an alternative to other protein sources. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.
In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
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Insect proteins refer to the high-quality feedstock that is generally obtained from insects. These feedstock can be utilized as an ingredient for feed for animals, fishes and pets. These products are being considered a new food and feed source, and an initiative for moving away from the traditional sources of proteins including soy and meat.
Report Scope and Market Segmentation
2022 to 2029
2020 (Customizable to 2014 - 2019)
Revenue in USD Million, Volumes in Units, Pricing in USD
Insect Type (Beetles, Caterpillars, Bees, Wasps and Ants, Grasshoppers, Locusts, Crickets, True Bugs, Black Soldier Flies, Cicadas, Leafhoppers, Plant Hoppers, Scale Insects, Termites, Dragonflies, Flies, Mealworms, Others), Application (Feed, Food and Beverage, Pharmaceuticals, Cosmetics), Distribution Channel (Direct, Indirect)
U.S., Canada, Mexico in North America
Market Players Covered
AgriProtein (South Africa), Enterra Feed Corporation (Canada), Aspire Food Group (Canada), Beta Hatch (US), BIOFLYTECH (Spain), Chapul Cricket Protein (US), Entobel (Vietnam), Entocycle (UK), Entomo Farms (france), Bugs (Thailand), Haocheng Mealworms Inc. (China), Hexafly (Ireland), Innovafeed (France), Insectum (Norway), nextProtein (France), Protenga Pte Ltd (Singapore), Protify (Sweden), PROTIX (Netherlands), Seek Food (US), Thailand Unique (Thailand), and Ynsect (France), among others
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
- High Consumption of Animal Products
The increase in the consumption of animal products across the region is one of the major factors driving the growth of the insect protein market. The rise in demand for high-quality animal products and superior-quality meat products such as meat among the growing population has a positive impact on the market.
- Inclination towards Healthy Lifestyle
The increase in consumer preference for dietary improvements acts as one of the major factors driving the specialty food and beverage market growth. The rise in trend of leading a healthy lifestyle among all age groups shifting to healthy and innovative approach have a positive impact on the industry.
- Increase in Demand for Functional Foods
The increase in the functional food products further influence the market growth. Also, increase in consumers seeking healthy and sustainable food options and a growing number of sports and gym enthusiasts assist in expanding the market.
Additionally, change in lifestyle, increase in the disposable income and rise in awareness regarding the benefits of the nutrition plan positively affect the insect protein market.
Furthermore, the presence of defined regulations and government support extend profitable opportunities to the market players in 2022 to 2029. Collaborations of insect protein-based product manufacturers with retailers will further expand the market.
On the other hand, high cost associated with the product and microbial risk and allergic reactions are expected to obstruct market growth. Also, reluctance in acceptance among consumers and rise in vegan trend are projected to challenge the insect protein market in the forecast period of 2022-2029.
This insect protein market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on insect protein market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Top Key players in North America Insect Protein Market Report:
- AgriProtein (South Africa)
- Enterra Feed Corporation (Canada)
- Aspire Food Group (Canada)
- Beta Hatch (US)
- BIOFLYTECH (Spain)
- Chapul Cricket Protein (US)
- Entobel (Vietnam)
- Entocycle (UK)
- Entomo Farms (france)
- Bugs (Thailand)
- Haocheng Mealworms Inc. (China)
- Hexafly (Ireland)
- Innovafeed (France)
- Insectum (Norway)
- nextProtein (France)
- Protenga Pte Ltd (Singapore)
- Protify (Sweden)
- PROTIX (Netherlands)
- Seek Food (US)
- Thailand Unique (Thailand)
- Ynsect (France)
Get Access to Full Report (Including Graphs, Charts & Figures) at https://www.databridgemarketresearch.com/reports/north-america-insect-protein-market
The insect protein market is segmented on the basis of insect type, application, and distribution channel. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
- Wasps and Ants
- True Bugs
- Black Soldier Flies
- Plant Hoppers
- Scale Insects
- Food and Beverage
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North America Insect Protein Market Regional Analysis/Insights
The insect protein market is analysed and market size insights and trends are provided by country, type, application, and distribution channel as referenced above.
The countries covered in the insect protein market report are U.S., Canada, and Mexico in North America.
U.S. is dominating the market in North America as the people are more inclined towards healthy lifestyle and increasing awareness regarding insect protein is increasing its demand in market. Mainly it is being used in feed products and now it is also incorporated into food and others product. Due to this demand companies are now more focussing in providing products in market.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Key questions answered in the report:
- What will the market development pace of the North America Insect Protein market?
- What are the key factors driving the North America Insect Protein market?
- Who are the key manufacturers in the market space?
- What are the market openings, market hazard and market outline of the market?
- What are sales, revenue, and price analysis of top manufacturers of North America Insect Protein market?
- Who are the distributors, traders, and dealers of North America Insect Protein market?
- What are the North America Insect Protein market opportunities and threats faced by the vendors in the North America Insect Protein industries?
- What are deals, income, and value examination by types and utilizations of the market?
- What are deals, income, and value examination by areas of enterprises?
For More Insights Get Detailed TOC at https://www.databridgemarketresearch.com/toc/?dbmr=north-america-insect-protein-market
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