A Qualitative Research Study accomplished by Data Bridge Market research's titled as "North America Insect Protein Market" with 100+ market data Tables, Pie Charts, Graphs & Figures spread through Pages and easy to understand detailed analysis. North America Insect Protein market research report has been generated with the systematic gathering and evaluation of market information for North America Insect Protein industry which is presented in a form that explains various facts and figures to the business. This market research report contains thorough analysis of market and numerous related factors that range from market drivers, market restraints, market segmentation, opportunities, challenges, and market revenues to competitive analysis. It lends a hand to companies to take decisive actions to deal with threats in niche market. A brilliant team of analysts, experts, statisticians, forecasters and economists has worked rigorously to generate this advanced and all-inclusive North America Insect Protein market research 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.
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Market Definition
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
| REPORT METRIC | DETAILS |
| Forecast Period | 2022 to 2029 |
| Base Year | 2021 |
| Historic Years | 2020 (Customizable to 2014 - 2019) |
| Quantitative Units | Revenue in USD Million, Volumes in Units, Pricing in USD |
| Segments Covered | 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) |
| Countries Covered | 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 |
| Market Opportunities |
|
North America Insect Protein Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- 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.
Opportunities
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.
Restraints/Challenges
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.
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The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the North America Insect Protein market
- Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and product launches in the market
- Competitive Assessment: In-depth assessment of the market strategies, and geographic and business segments of the leading players in the market
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the North America Insect Protein Market
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- This study offers the latest product news, trends, and updates from the industry's leading players who have leveraged their market position.
- It also offers strategic plans and standards to arrive at informed business decisions adopted by the main players, thereby advocating your go to market strategies.
- In addition, it offers insights into the dynamics of customer behavior that can help the organization better curate market strategies
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- The market research report includes all of the market's valuable elements, such as sales growth, product pricing & analysis, growth opportunities, and recommendations for addressing market challenges
- The North America Insect Protein report covers all the primary mergers & acquisitions, alliances, and collaborations that have generated additional opportunities for market players or in some cases, challenges
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Regional Analysis/Insights: North America Insect Protein Market
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.
Table of Contents:
- Introduction
- Market Segmentation
- Executive Summary
- Premium Insights
- North America Insect Protein Market: Regulations
- Market Overview
- North America Insect Protein Market, By Variety
- North America Insect Protein Market, By Packaging Size
- North America Insect Protein Market, By Application
- North America Insect Protein Market, By Distribution Channel
- North America Insect Protein Market, By Region
- North America Insect Protein Market: Company Landscape
- SWOT Analyses
- Company Profile
- Questionnaires
- Related Reports
To Check the Complete Table of contents, click here @ https://www.databridgemarketresearch.com/toc/?dbmr=north-america-insect-protein-market
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