The Asia Pacific Insect Protein Market would witness market growth of 23.9% CAGR during the forecast period (2021-2027).
The potential for some insects to trigger allergic reactions in humans is predicted to hamper the growth of the overall insect protein market. In addition, severe environmental laws, as well as psychological and ethical obstacles to the consumption of insect-based protein, may limit the further development of the overall insect protein market over the forecasting period.
The wide range of applications for insect protein in animal feeding is increasing the demand for these products. Moreover, it is a food source for aquatic species, pets, and poultry animals. Insect protein's rapid adoption in other industries, such as food and beverage, is spurred by its widespread acceptance. Furthermore, food and beverage makers are looking for environmentally sustainable sources of protein as global concerns about the environmental impact of traditional animal agriculture grow.
Regional countries like Thailand and Indonesia have a long history of insect consumption and are among the top producers of insects as a source of raw material. In addition, Toasted crickets are the most popular item in Southeast Asia. In addition, Vietnamese start-ups are focusing on incorporating insect protein into everyday meals. Many companies in Southeast Asia are focusing on scaling up insect protein production units by developing food factories and other facilities across Asia to mass-produce insect protein powder.
Key trends of the regional market include a rapid increase in population in key Asian nations such as Japan and India are driving the need for a cheap and healthy diet. Increased insect farming in China, Thailand, and other Asian nations is expected to boost market expansion due to the ample availability of insects such as beetles, locusts, grasshoppers, and crickets.
The China market dominated the Asia Pacific Insect Protein Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $76.8 million by 2027. The Japan market is anticipated to grow at a CAGR of 23.1% during (2021 - 2027). Additionally, The India market would exhibit a CAGR of 24.6% during (2021 - 2027).
Based on Source, the market is segmented into Coleoptera, Hemiptera, Hymenoptera, Lepidoptera, Orthoptera, Diptera, and Others. Based on Application, the market is segmented into Animal Nutrition, Food & Beverages, Pharmaceutical & Supplements, and Personal Care & Cosmetics. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Insect Protein Market is Projected to reach USD 943.3 Million by 2027, at a CAGR of 23.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include InnovaFeed, Darling Ingredients, Inc., SAS Ynsect, Protix BV, NTG Holdings Pte. Ltd., Goterra, Entomo Farms, Chapul, Aspire Food Group, and Hexafly.
Scope of the Study
Market Segments Covered in the Report:
By Source
- Coleoptera
- Hemiptera
- Hymenoptera
- Lepidoptera
- Orthoptera
- Diptera
- Others
By Application
- Animal Nutrition
- Food & Beverages
- Pharmaceutical & Supplements
- Personal Care & Cosmetics
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- InnovaFeed
- Darling Ingredients, Inc.
- SAS Ynsect
- Protix BV
- NTG Holdings Pte. Ltd.
- Goterra
- Entomo Farms
- Chapul
- Aspire Food Group
- Hexafly
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Insect Protein Market, by Source
1.4.2 Asia Pacific Insect Protein Market, by Application
1.4.3 Asia Pacific Insect Protein Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Strategies Deployed in Insect Protein Market
Chapter 4. Asia Pacific Insect Protein Market by Source
4.1 Asia Pacific Coleoptera Market by Country
4.2 Asia Pacific Hemiptera Insect Protein Market by Country
4.3 Asia Pacific Hymenoptera Market by Country
4.4 Asia Pacific Lepidoptera Market by Country
4.5 Asia Pacific Orthoptera Market by Country
4.6 Asia Pacific Diptera Market by Country
4.7 Asia Pacific Others Market by Country
Chapter 5. Asia Pacific Insect Protein Market by Application
5.1 Asia Pacific Animal Nutrition Market by Country
5.2 Asia Pacific Food & Beverages Market by Country
5.3 Asia Pacific Pharmaceutical & Supplements Market by Country
5.4 Asia Pacific Personal Care & Cosmetics Market by Country
Chapter 6. Asia Pacific Insect Protein Market by Country
6.1 China Insect Protein Market
6.1.1 China Insect Protein Market by Source
6.1.2 China Insect Protein Market by Application
6.2 Japan Insect Protein Market
6.2.1 Japan Insect Protein Market by Source
6.2.2 Japan Insect Protein Market by Application
6.3 India Insect Protein Market
6.3.1 India Insect Protein Market by Source
6.3.2 India Insect Protein Market by Application
6.4 South Korea Insect Protein Market
6.4.1 South Korea Insect Protein Market by Source
6.4.2 South Korea Insect Protein Market by Application
6.5 Singapore Insect Protein Market
6.5.1 Singapore Insect Protein Market by Source
6.5.2 Singapore Insect Protein Market by Application
6.6 Malaysia Insect Protein Market
6.6.1 Malaysia Insect Protein Market by Source
6.6.2 Malaysia Insect Protein Market by Application
6.7 Rest of Asia Pacific Insect Protein Market
6.7.1 Rest of Asia Pacific Insect Protein Market by Source
6.7.2 Rest of Asia Pacific Insect Protein Market by Application
Chapter 7. Company Profiles
7.1 InnovaFeed
7.1.1 Company Overview
7.1.2 Recent Strategies and Developments:
7.1.2.1 Partnerships, Collaborations and Agreements:
7.1.2.2 Geographical Expansions:
7.2 Darling Ingredients, Inc. (EnviroFlight)
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Regional & Segmental Analysis
7.2.4 Recent Strategies and Developments:
7.2.4.1 Acquisition and Mergers:
7.3 SAS Ynsect
7.3.1 Company Overview
7.3.2 Recent Strategies and Developments:
7.3.2.1 Acquisition and Mergers:
7.4 Protix B.V.
7.4.1 Company Overview
7.4.2 Recent Strategies and Developments:
7.4.2.1 Acquisition and Mergers:
7.5 NTG Holdings Pte. Ltd.
7.5.1 Company Overview
7.5.2 Recent Strategies and Developments:
7.5.2.1 Geographical Expansions:
7.6 Goterra
7.6.1 Company Overview
7.7 Entomo Farms
7.7.1 Company Overview
7.8 Chapul
7.8.1 Company Overview
7.9 Aspire Food Group
7.9.1 Company Overview
7.9.2 Recent Strategies and Developments:
7.9.2.1 Partnerships, Collaborations and Agreements:
7.9.2.2 Acquisition and Mergers:
7.10. Hexafly
7.10.1 Company Overview
TABLE 1 Asia Pacific Insect Protein Market, 2017 - 2020, USD Thousands
TABLE 2 Asia Pacific Insect Protein Market, 2021 - 2027, USD Thousands
TABLE 3 Asia Pacific Insect Protein Market by Source, 2017 - 2020, USD Thousands
TABLE 4 Asia Pacific Insect Protein Market by Source, 2021 - 2027, USD Thousands
TABLE 5 Asia Pacific Coleoptera Market by Country, 2017 - 2020, USD Thousands
TABLE 6 Asia Pacific Coleoptera Market by Country, 2021 - 2027, USD Thousands
TABLE 7 Asia Pacific Hemiptera Insect Protein Market by Country, 2017 - 2020, USD Thousands
TABLE 8 Asia Pacific Hemiptera Insect Protein Market by Country, 2021 - 2027, USD Thousands
TABLE 9 Asia Pacific Hymenoptera Market by Country, 2017 - 2020, USD Thousands
TABLE 10 Asia Pacific Hymenoptera Market by Country, 2021 - 2027, USD Thousands
TABLE 11 Asia Pacific Lepidoptera Market by Country, 2017 - 2020, USD Thousands
TABLE 12 Asia Pacific Lepidoptera Market by Country, 2021 - 2027, USD Thousands
TABLE 13 Asia Pacific Orthoptera Market by Country, 2017 - 2020, USD Thousands
TABLE 14 Asia Pacific Orthoptera Market by Country, 2021 - 2027, USD Thousands
TABLE 15 Asia Pacific Diptera Market by Country, 2017 - 2020, USD Thousands
TABLE 16 Asia Pacific Diptera Market by Country, 2021 - 2027, USD Thousands
TABLE 17 Asia Pacific Others Market by Country, 2017 - 2020, USD Thousands
TABLE 18 Asia Pacific Others Market by Country, 2021 - 2027, USD Thousands
TABLE 19 Asia Pacific Insect Protein Market by Application, 2017 - 2020, USD Thousands
TABLE 20 Asia Pacific Insect Protein Market by Application, 2021 - 2027, USD Thousands
TABLE 21 Asia Pacific Animal Nutrition Market by Country, 2017 - 2020, USD Thousands
TABLE 22 Asia Pacific Animal Nutrition Market by Country, 2021 - 2027, USD Thousands
TABLE 23 Asia Pacific Food & Beverages Market by Country, 2017 - 2020, USD Thousands
TABLE 24 Asia Pacific Food & Beverages Market by Country, 2021 - 2027, USD Thousands
TABLE 25 Asia Pacific Pharmaceutical & Supplements Market by Country, 2017 - 2020, USD Thousands
TABLE 26 Asia Pacific Pharmaceutical & Supplements Market by Country, 2021 - 2027, USD Thousands
TABLE 27 Asia Pacific Personal Care & Cosmetics Market by Country, 2017 - 2020, USD Thousands
TABLE 28 Asia Pacific Personal Care & Cosmetics Market by Country, 2021 - 2027, USD Thousands
TABLE 29 Asia Pacific Insect Protein Market by Country, 2017 - 2020, USD Thousands
TABLE 30 Asia Pacific Insect Protein Market by Country, 2021 - 2027, USD Thousands
TABLE 31 China Insect Protein Market, 2017 - 2020, USD Thousands
TABLE 32 China Insect Protein Market, 2021 - 2027, USD Thousands
TABLE 33 China Insect Protein Market by Source, 2017 - 2020, USD Thousands
TABLE 34 China Insect Protein Market by Source, 2021 - 2027, USD Thousands
TABLE 35 China Insect Protein Market by Application, 2017 - 2020, USD Thousands
TABLE 36 China Insect Protein Market by Application, 2021 - 2027, USD Thousands
TABLE 37 Japan Insect Protein Market, 2017 - 2020, USD Thousands
TABLE 38 Japan Insect Protein Market, 2021 - 2027, USD Thousands
TABLE 39 Japan Insect Protein Market by Source, 2017 - 2020, USD Thousands
TABLE 40 Japan Insect Protein Market by Source, 2021 - 2027, USD Thousands
TABLE 41 Japan Insect Protein Market by Application, 2017 - 2020, USD Thousands
TABLE 42 Japan Insect Protein Market by Application, 2021 - 2027, USD Thousands
TABLE 43 India Insect Protein Market, 2017 - 2020, USD Thousands
TABLE 44 India Insect Protein Market, 2021 - 2027, USD Thousands
TABLE 45 India Insect Protein Market by Source, 2017 - 2020, USD Thousands
TABLE 46 India Insect Protein Market by Source, 2021 - 2027, USD Thousands
TABLE 47 India Insect Protein Market by Application, 2017 - 2020, USD Thousands
TABLE 48 India Insect Protein Market by Application, 2021 - 2027, USD Thousands
TABLE 49 South Korea Insect Protein Market, 2017 - 2020, USD Thousands
TABLE 50 South Korea Insect Protein Market, 2021 - 2027, USD Thousands
TABLE 51 South Korea Insect Protein Market by Source, 2017 - 2020, USD Thousands
TABLE 52 South Korea Insect Protein Market by Source, 2021 - 2027, USD Thousands
TABLE 53 South Korea Insect Protein Market by Application, 2017 - 2020, USD Thousands
TABLE 54 South Korea Insect Protein Market by Application, 2021 - 2027, USD Thousands
TABLE 55 Singapore Insect Protein Market, 2017 - 2020, USD Thousands
TABLE 56 Singapore Insect Protein Market, 2021 - 2027, USD Thousands
TABLE 57 Singapore Insect Protein Market by Source, 2017 - 2020, USD Thousands
TABLE 58 Singapore Insect Protein Market by Source, 2021 - 2027, USD Thousands
TABLE 59 Singapore Insect Protein Market by Application, 2017 - 2020, USD Thousands
TABLE 60 Singapore Insect Protein Market by Application, 2021 - 2027, USD Thousands
TABLE 61 Malaysia Insect Protein Market, 2017 - 2020, USD Thousands
TABLE 62 Malaysia Insect Protein Market, 2021 - 2027, USD Thousands
TABLE 63 Malaysia Insect Protein Market by Source, 2017 - 2020, USD Thousands
TABLE 64 Malaysia Insect Protein Market by Source, 2021 - 2027, USD Thousands
TABLE 65 Malaysia Insect Protein Market by Application, 2017 - 2020, USD Thousands
TABLE 66 Malaysia Insect Protein Market by Application, 2021 - 2027, USD Thousands
TABLE 67 Rest of Asia Pacific Insect Protein Market, 2017 - 2020, USD Thousands
TABLE 68 Rest of Asia Pacific Insect Protein Market, 2021 - 2027, USD Thousands
TABLE 69 Rest of Asia Pacific Insect Protein Market by Source, 2017 - 2020, USD Thousands
TABLE 70 Rest of Asia Pacific Insect Protein Market by Source, 2021 - 2027, USD Thousands
TABLE 71 Rest of Asia Pacific Insect Protein Market by Application, 2017 - 2020, USD Thousands
TABLE 72 Rest of Asia Pacific Insect Protein Market by Application, 2021 - 2027, USD Thousands
TABLE 73 Key information – InnovaFeed
TABLE 74 Key information – darling ingredients, INC.
TABLE 75 Key information – SAS Ynsect
TABLE 76 Key information – Protix B.V.
TABLE 77 Key information – NTG Holdings Pte. Ltd.
TABLE 78 Key information – Goterra
TABLE 79 Key information – Entomo Farms
TABLE 80 Key information – Chapul
TABLE 81 Key information – Aspire Food Group
TABLE 82 Key information – Hexafly
List of Figures
FIG 1 Methodology for the research