Please Wait.....
Report
Insect Farming- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Insect (Silkworms, Honeybees, Waxworms, Lac Insects, Cochineal, Crickets, Others), By Product (Whole Insect, Insect Protein, Insect Oil, Others), By Application (Silk, Lac, Honey, Animal Feed, Food Colorant, Insect Protein Bars & Protein Shakes, Insect Baked Products & Snacks, Others), By Region and Competition
Market Report I 2022-12-01 I 113 Pages I TechSci Research
The global insect farming market is anticipated to grow at an impressive CAGR in the forecast period, 2024-2028. The market growth can be attributed to growing use of insects as an ingredient in foodstuffs across various cuisines. Edible insects are rich in proteins, healthy fats, iron, and calcium, and low in carbohydrates, even more nutritious than most consumed meats, such as beef, chicken, and others. Increasing greenhouse gas emissions from the livestock and poultry farming has led to a surge in need for finding cheap and sustainable protein alternatives, which is contributing to the growth of global insect farming market. Insect farming involves breeding, rearing, and harvesting of various types of insects that can be utilized for consumption purposes, and for the commodities they produce such as silk, honey, lac, and others.
Growing Adoption of Insects as Ideal Animal Feed
Insects such as are used in animal feed production as they provide nutritious feed ingredient, feed efficiency, and reproductive capacities. Insects are good sources of minerals and vitamins, such as calcium, iron, magnesium, phosphorus, vitamin B12, thiamine and riboflavin. Extensive research has shown that black soldier fly larvae can be used as an animal feed to pigs, fish, and chickens as a substitute for conventional protein feeds such as fish meal, and soybean meal. For instance, The American Association of Feed Control Officials, whose members control the sale and distribution of animal feeds in the U.S., has accepted the larvae as feed for poultry, certain fish, and pigs.
Rising Food Security Risks to Aid the Growth of Insect Farming Market
In recent years, the food security risks have increased globally due to shrinking of agricultural land which is resulting in food shortages and hike in prices of animal meat. Hence, insect farming is seen as a potential solution to meet the challenges related to food security. About 2000 insect species are eaten by the people across the world, mostly in tropical countries. They contain adequate protein quantity and quality, high content of unsaturated fatty acids and minerals Consumption of insects by humans has the potential to reduce hunger on a global scale as they are calorie dense as well as nutrient dense. For instance, almost 2 billion people across the world eat bugs on a regular basis which is over 25 percent of the world's population.
Rising Research and Development activities and Increasing Investments
Increasing investments by the private as well as public sector is bolstering the growth of the market. For instance, Protix, a producer of sustainable ingredients from insects, declared it has obtained $57.2 million investments from the European Circular Bioeconomy Fund (ECBF), the Prince Albert II Fund, BNP Paribas, and The Good Investors. The investments were also funded by the company's existing backers Aqua-Spark, Invest-NL, and Rabo Investments. Moreover, rise in research and development (R&D) activities is strengthening the growth of the market.
Market Segmentation
The global insect farming market is segmented by insect, product, application, and regional distribution. Based on insect, the market is divided into silkworms, honeybees, waxworms, lac insects, cochineal, crickets, others. Based on product, the market is divided whole insect, insect protein, insect oil, others. Based on application, the market is divided into silk, lac, honey, animal feed, food colorant, insect protein bars & protein shakes, insect baked products & snacks, others. In terms of country, the United States is expected to be a lucrative market in the forecast period due to rising number of tech startups in the country.
Market Players
Major players operating in the global insect farming market are Viscon Group, Buhler Insect Technology Solutions, Protenga Pte. Ltd., nextProtein SAS, NextAlim SAS, AgriProtein Holdings UK Ltd, Ynsect SAS, Thai Union Group, Deli Bugs Ltd., EntoCube Ltd., among others.
Report Scope:
In this report, global insect farming market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Insect Farming Market, By Insect:
o Silkworms
o Honeybees
o Waxworms
o Lac Insects
o Cochineal
o Crickets
o Others
- Insect Farming Market, By Product:
o Whole Insect
o Insect Protein
o Insect Oil
o Others
- Insect Farming Market, By Application:
o Silk
o Lac
o Honey
o Animal Feed
o Food Colorant
o Insect Protein Bars & Protein Shakes
o Insect Baked Products & Snacks
o Others
- Insect Farming Market, By Region:
o North America
- United States
- Canada
- Mexico
o Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Singapore
- Thailand
o Europe & CIS
- Germany
- United Kingdom
- France
- Italy
- Spain
o South America
- Brazil
- Argentina
- Colombia
- Peru
- Chile
o Middle East & Africa
- Saudi Arabia
- South Africa
- UAE
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in global insect farming market.
Available Customizations:
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
1. Product Overview
1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.2.3. Key Market Segmentations
2. Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Research Data
2.3.1. Secondary Data
2.3.2. Primary Data
2.4. Market Size Estimation
2.4.1. Bottom-Up Approach
2.4.2. Top-Down Approach
2.5. Market Breakdown & Triangulation
2.6. Research Assumptions
3. Executive Summary
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends
4. Voice of Customer
4.1. Commonly Reared Insects
4.2. Commonly Used Method for Harvesting Insects
4.3. Demand, By Product
4.4. Brand Awareness
5. Global Insect Farming Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Insect (Silkworms, Honeybees, Waxworms, Lac Insects, Cochineal, Crickets, Others)
5.2.2. By Product (Whole Insect, Insect Protein, Insect Oil, Others)
5.2.3. By Application (Silk, Lac, Honey, Animal Feed, Food Colorant, Insect Protein Bars & Protein Shakes, Insect Baked Products & Snacks, Others)
5.2.4. By Region
5.2.5. By Company (2022)
5.3. Market Map
5.3.1. By Insect
5.3.2. By Product
5.3.3. By Application
5.3.4. By Region
6. North America Insect Farming Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Insect
6.2.2. By Product
6.2.3. By Application
6.2.4. By Country
6.3. Policy & Regulatory Landscape
6.4. North America: Country Analysis
6.4.1. United States Insect Farming Market Outlook
6.4.1.1. Market Size & Forecast
6.4.1.1.1. By Value
6.4.1.2. Market Share & Forecast
6.4.1.2.1. By Insect
6.4.1.2.2. By Product
6.4.1.2.3. By Application
6.4.2. Canada Insect Farming Market Outlook
6.4.2.1. Market Size & Forecast
6.4.2.1.1. By Value
6.4.2.2. Market Share & Forecast
6.4.2.2.1. By Insect
6.4.2.2.2. By Product
6.4.2.2.3. By Application
6.4.3. Mexico Insect Farming Market Outlook
6.4.3.1. Market Size & Forecast
6.4.3.1.1. By Value
6.4.3.2. Market Share & Forecast
6.4.3.2.1. By Insect
6.4.3.2.2. By Product
6.4.3.2.3. By Application
7. Europe Insect Farming Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Insect
7.2.2. By Product
7.2.3. By Application
7.2.4. By Country
7.3. Policy & Regulatory Landscape
7.4. Europe: Country Analysis
7.4.1. United Kingdom Insect Farming Market Outlook
7.4.1.1. Market Size & Forecast
7.4.1.1.1. By Value
7.4.1.2. Market Share & Forecast
7.4.1.2.1. By Insect
7.4.1.2.2. By Product
7.4.1.2.3. By Application
7.4.2. Germany Insect Farming Market Outlook
7.4.2.1. Market Size & Forecast
7.4.2.1.1. By Value
7.4.2.2. Market Share & Forecast
7.4.2.2.1. By Insect
7.4.2.2.2. By Product
7.4.2.2.3. By Application
7.4.3. France Insect Farming Market Outlook
7.4.3.1. Market Size & Forecast
7.4.3.1.1. By Value
7.4.3.2. Market Share & Forecast
7.4.3.2.1. By Insect
7.4.3.2.2. By Product
7.4.3.2.3. By Application
7.4.4. Italy Insect Farming Market Outlook
7.4.4.1. Market Size & Forecast
7.4.4.1.1. By Value
7.4.4.2. Market Share & Forecast
7.4.4.2.1. By Insect
7.4.4.2.2. By Product
7.4.4.2.3. By Application
7.4.5. Spain Insect Farming Market Outlook
7.4.5.1. Market Size & Forecast
7.4.5.1.1. By Value
7.4.5.2. Market Share & Forecast
7.4.5.2.1. By Insect
7.4.5.2.2. By Product
7.4.5.2.3. By Application
8. Asia-Pacific Insect Farming Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Insect
8.2.2. By Product
8.2.3. By Application
8.2.4. By Country
8.3. Policy & Regulatory Landscape
8.4. Asia-Pacific: Country Analysis
8.4.1. China Insect Farming Market Outlook
8.4.1.1. Market Size & Forecast
8.4.1.1.1. By Value
8.4.1.2. Market Share & Forecast
8.4.1.2.1. By Insect
8.4.1.2.2. By Product
8.4.1.2.3. By Application
8.4.2. Japan Insect Farming Market Outlook
8.4.2.1. Market Size & Forecast
8.4.2.1.1. By Value
8.4.2.2. Market Share & Forecast
8.4.2.2.1. By Insect
8.4.2.2.2. By Product
8.4.2.2.3. By Application
8.4.3. India Insect Farming Market Outlook
8.4.3.1. Market Size & Forecast
8.4.3.1.1. By Value
8.4.3.2. Market Share & Forecast
8.4.3.2.1. By Insect
8.4.3.2.2. By Product
8.4.3.2.3. By Application
8.4.4. South Korea Insect Farming Market Outlook
8.4.4.1. Market Size & Forecast
8.4.4.1.1. By Value
8.4.4.2. Market Share & Forecast
8.4.4.2.1. By Insect
8.4.4.2.2. By Product
8.4.4.2.3. By Application
8.4.5. Australia Insect Farming Market Outlook
8.4.5.1. Market Size & Forecast
8.4.5.1.1. By Value
8.4.5.2. Market Share & Forecast
8.4.5.2.1. By Insect
8.4.5.2.2. By Product
8.4.5.2.3. By Application
8.4.6. Singapore Insect Farming Market Outlook
8.4.6.1. Market Size & Forecast
8.4.6.1.1. By Value
8.4.6.2. Market Share & Forecast
8.4.6.2.1. By Insect
8.4.6.2.2. By Product
8.4.6.2.3. By Application
8.4.7. Thailand Insect Farming Market Outlook
8.4.7.1. Market Size & Forecast
8.4.7.1.1. By Value
8.4.7.2. Market Share & Forecast
8.4.7.2.1. By Insect
8.4.7.2.2. By Product
8.4.7.2.3. By Application
9. South America Insect Farming Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Insect
9.2.2. By Product
9.2.3. By Application
9.2.4. By Country
9.3. Policy & Regulatory Landscape
9.4. South America: Country Analysis
9.4.1. Brazil Insect Farming Market Outlook
9.4.1.1. Market Size & Forecast
9.4.1.1.1. By Value
9.4.1.2. Market Share & Forecast
9.4.1.2.1. By Insect
9.4.1.2.2. By Product
9.4.1.2.3. By Application
9.4.2. Argentina Insect Farming Market Outlook
9.4.2.1. Market Size & Forecast
9.4.2.1.1. By Value
9.4.2.2. Market Share & Forecast
9.4.2.2.1. By Insect
9.4.2.2.2. By Product
9.4.2.2.3. By Application
9.4.3. Colombia Insect Farming Market Outlook
9.4.3.1. Market Size & Forecast
9.4.3.1.1. By Value
9.4.3.2. Market Share & Forecast
9.4.3.2.1. By Insect
9.4.3.2.2. By Product
9.4.3.2.3. By Application
10. Middle East and Africa Insect Farming Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Insect
10.2.2. By Product
10.2.3. By Application
10.2.4. By Country
10.3. Policy & Regulatory Landscape
10.4. MEA: Country Analysis
10.4.1. South Africa Insect Farming Market Outlook
10.4.1.1. Market Size & Forecast
10.4.1.1.1. By Value
10.4.1.2. Market Share & Forecast
10.4.1.2.1. By Insect
10.4.1.2.2. By Product
10.4.1.2.3. By Application
10.4.2. Saudi Arabia Insect Farming Market Outlook
10.4.2.1. Market Size & Forecast
10.4.2.1.1. By Value
10.4.2.2. Market Share & Forecast
10.4.2.2.1. By Insect
10.4.2.2.2. By Product
10.4.2.2.3. By Application
10.4.3. UAE Insect Farming Market Outlook
10.4.3.1. Market Size & Forecast
10.4.3.1.1. By Value
10.4.3.2. Market Share & Forecast
10.4.3.2.1. By Insect
10.4.3.2.2. By Product
10.4.3.2.3. By Application
11. Market Dynamics
11.1. Drivers
11.1.1. Growing Adoption of Insects as Ideal Animal Feed
11.1.2. Rising Food Security Risks
11.1.3. Rising Research and Development activities and Increasing Investments
11.2. Challenges
11.2.1. Stringent Regulations and Negative Attitudes Toward Insects in Some Countries
11.2.2. Risk of Allergies due to Insect Consumption
12. Market Trends & Developments
12.1. Development of an Innovative Insect Feeding Machine.
12.2. Launch of New Production Facility for Mealworms
12.3. Rising Number of Mergers and Acquisitions
13. Global Insect Farming Market: SWOT Analysis
14. Competitive Landscape
14.1. Business Overview
14.2. Product Offerings
14.3. Recent Developments
14.4. Financials (In Case of Listed Companies)
14.5. Key Personnel
14.6. SWOT Analysis
14.6.1.1. Viscon Group
14.6.1.2. Buhler Insect Technology Solutions
14.6.1.3. Protenga Pte. Ltd.
14.6.1.4. nextProtein SAS
14.6.1.5. NextAlim SAS
14.6.1.6. AgriProtein Holdings UK Ltd
14.6.1.7. Ynsect SAS
14.6.1.8. Thai Union Group
14.6.1.9. Deli Bugs Ltd.
14.6.1.10. EntoCube Ltd.
15. Strategic Recommendations
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security