A Qualitative Research Study accomplished by Data Bridge Market research's titled as "Europe Insect Protein Market" with 100+ market data Tables, Pie Charts, Graphs & Figures spread through Pages and easy to understand detailed analysis. Europe Insect Protein market research report has been generated with the systematic gathering and evaluation of market information for Europe 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 Europe Insect Protein market research report.

Data Bridge Market Research analyzes that the Europe insect protein market is expected to reach the value of USD 1,081,464.59 thousand by 2030, growing at a CAGR of 28.9% during the forecast period of 2023 to 2030.

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Market Definition

The protein obtained from an insect is known as insect protein. There are many edible varieties of insects that contain high-quality protein, vitamins, amino acids, unsaturated fatty acids, and minerals. These insects are processed and utilized in applications such as food & beverages, feed, pet food, pharmaceutical, and cosmetic sectors. Insects have more amount of protein in comparison to conventional sources of protein such as beef, poultry, and pork). They have a high feed conversion efficiency ratio and also require less amount of water. Moreover, they also produce 80 times less methane than ruminants. They not only provide more amount of protein but also provide high-quality protein that can be used in the food products such as cookies, breads, desserts, soups, chips, and other snacks.

Europe Insect Protein Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints, and challenges. All of this is discussed in detail below:

Drivers

• Growing demand for alternative protein sources

In Europe, the demand for alternative protein sources is increasing and food manufacturers are trying to capture the evolving market. Earlier, meat products were considered the main source of protein, however, with changing consumer preferences and rising concern for health and the environment, the demand for alternative protein sources has increased.

For instance,

• According to the UN Population Division, the world population is expected to reach 9.7 billion in 2050 and 10.3 billion by 2100. Furthermore, the UN Food and Agriculture Organization (FAO) warns that to meet the new demand, food production will need to increase by 70%

However, future protein production must avoid exacerbating climate change, as the conventional livestock industry is under increasing scrutiny for its high greenhouse gas emissions. With localized feeding cycles, insect protein developers believe they can help feed the planet sustainably.

• Rising awareness about the benefits of insect proteins

Consumption of insects is known as entomophagy and it is practiced in various countries across the world as a part of traditional diet. Due to multiple benefits associated with the consumption of insects such as weight management, fighting malnutrition, and improving gut health, its demand has been increasing rapidly.

The eating of insects has gradually expanded as the benefits have become widely publicized. There are around 2,000 edible species recognized. Adult crickets have a protein content of 65% by weight, which is more than beef (23%) and tofu (8%). Insects transform their feed into energy significantly more efficiently than conventional cattle. Adult crickets and mealworm larvae require 5-10 times less feed than calves to gain the same amount of weight. Insects are also cold-blooded, so they do not use their metabolism to heat or cool themselves, decreasing energy, and food consumption even further.

Restraints

• Lower consumer acceptance level

Despite the numerous benefits of insects as a protein source, consumer acceptance remains low especially in developed countries as the majority of people view insects as disgusting, and neophobia (emotion of disgust) is difficult to eliminate from the people. Furthermore, Europeans consider the consumption of insects or insect products to be associated with poor countries, therefore, avoid it, although insects are still accepted to a certain level in countries such as Belgium and France.

In Europe, consumer adoption of insect proteins is now lower than in other places such as Asia and Africa. This is because a variety of cultural and societal factors influence dietary choices and perceptions. In many European countries, insects are considered pests and are not historically consumed as food. As a result, many people may find the thought of eating insects distasteful. Furthermore, there may be concerns about the safety and long-term viability of insect farming practices, which are expected to restrain market growth.

• Lack of automated farming methods

Insect farming is a very labor-intensive process as insects are very delicate and when the new hatching comes out, they need to be fed several times a day and they need to be cleaned also, which requires a lot of manual labor.

Further, during the harvesting of insect, only live insect needs to be collected, which is also a tedious process. Thus, the lack of automation in insect rearing has limited the production volume of insects and is expected to limit the market growth until some automation comes in the future. There are manufacturers such as GEA Group and Buhler AG that do provide some technological solutions for rearing and processing insects but still, these technologies need to be updated so that they can be used for a variety of different insects that have different shapes and sizes.

Challenges

• Growing trend for plant-based food products

There has been an upsurge in the demand for plant-based and vegan food products among consumers. The increasing health awareness and environmental benefits of plant-based diets have led consumers to shift towards vegan options. One of the major challenges that are expected to restrain market growth is the rising consumption of plant-based products owing to growing concern for the environment, health, sustainability, and animal welfare. Consumers have shifted to plant-based food products such as plant-based milk, eggs, meat, yogurt, butter, and other products for their protein requirements.

Opportunities

• New product innovation to attract consumers

The rising demand for insect protein and multiple applications in the food, pharmaceuticals, and feed industry has enabled the manufacturers to launch new and innovative products in the market The companies launching new products in the market are expected to create immense opportunities for market growth. The manufacturers should focus on the development and innovation of new products that are easily acceptable to consumers. If insects are added as an ingredient in energy drinks, cookies, chips, and snacks, the younger population is more likely to accept them.

Recent Developments

• In April 2023, Protix introduced fresh PureeX, a delectable fresh insect meat. This new frozen PureeX variation provides pet food makers and their customers with all the health benefits of insect proteins and lipids while also minimizing the 'pawprint' of pet food.
• In September 2022, Essentia Protein Solutions launched a highly nutritious and eco-friendly protein made from crickets. It contains high-quality protein, vitamins, and an appropriate amount of all nine essential amino acids critical for natural metabolism in the human body.

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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 Europe 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 Europe Insect Protein Market

Consider Data Bridge Market Research for this Report which would Help Impact Your Revenues Positively

• 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
• Usage of exclusive tailor-made tools along with primary research, secondary research and our in-house data model helps us in extracting the exact market numbers
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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 Europe 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: Europe Insect Protein Market            

The Europe insect protein market is analyzed and market size insights and trends are provided by country on insect type, product type, application, and distribution channel as referenced above.

The countries covered in the Europe insect protein market report are Germany, U.K., France, Spain, Italy, Netherlands, Switzerland, Russia, Belgium, Turkey, Poland, Denmark, and rest of Europe.

The U.K. is expected to dominate the Europe insect protein market.  Raising awareness about the benefits of insect protein, growing demand for alternative protein sources, easy availability of edible insects and snacks, and increasing investment in R&D are some of the major factors expected to drive market growth. However, the lack of automated farming methods, lower consumer acceptance level, and stringent regulatory framework are expected to restrain the market growth. 

The country section of the report also provides individual market market-impacting factors and changes in market regulation that affect 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, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of regional brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.

Table of Contents:

1. Introduction
2. Market Segmentation
3. Executive Summary
4. Premium Insights
5. Europe Insect Protein Market: Regulations
6. Market Overview
7. Europe Insect Protein Market, By Variety
8. Europe Insect Protein Market, By Packaging Size
9. Europe Insect Protein Market, By Application
10. Europe Insect Protein Market, By Distribution Channel
11. Europe Insect Protein Market, By Region
12. Europe Insect Protein Market: Company Landscape
13. SWOT Analyses
14. Company Profile
15. Questionnaires
16. Related Reports

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