The Europe Insect Protein Market would witness market growth of 23.4% CAGR during the forecast period (2021-2027).
Insect-based protein is made by digesting insects like caterpillars, locusts, crickets, and other insects that contain a lot of protein and other essential elements. The high food conversion rate of most edible insects is a significant feature that can be considered when producing an abundance of insect-based protein to feed the world's rising population.
Insect-based protein consumption is expected to rise in the next years, owing to a growing global population and a significant decrease in arable land. The global population was 7.6 billion in 2017, according to the United Nations Population Division, and is expected to reach 9.8 billion by 2050. Because plant-based and animal protein are both expensive, insect-based protein is predicted to rise in popularity as a result. Moreover, many people are shifting to the consumption of these products as they contain health advantages linked with consuming insect-based protein.
Many start-ups have primarily sold these items through online channels. Many companies have begun cooperating with retail chains and other convenience stores in order to raise knowledge of the benefits of insect protein and to boost the exposure of insect protein-based goods. Eat Grub, a UK-based insect protein-based product company, teamed up with SOK, one of Finland's major retail groups, for example. Eat Grub's products will be sold in 400 SOK locations. In another case, Jimini's, a French start-up that makes insect-based sweets, has landed a deal with Carrefour, a worldwide retailer, to supply items to 300 of its locations. By selling insect-based products in retail stores, Jimini's aimed to educate and raise awareness about insect protein as a potential sustainable source of protein.
Mealworms, smaller mealworms, locusts, crickets, and grasshoppers are now approved to be sold as food by the European Food Safety Authority. Protein diets are currently trending, and Europeans adore insect-based cuisine.
The Germany market dominated the Europe Insect Protein Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $74.7 million by 2027. The UK market is exhibiting CAGR of 22.4% during (2021 - 2027). Additionally, The France market would showcase a CAGR of 24.3% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Insect Protein Market Size will Hit $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
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
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 Europe Insect Protein Market, by Source
1.4.2 Europe Insect Protein Market, by Application
1.4.3 Europe 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. Europe Insect Protein Market by Source
4.1 Europe Coleoptera Market by Country
4.2 Europe Hemiptera Insect Protein Market by Country
4.3 Europe Hymenoptera Market by Country
4.4 Europe Lepidoptera Market by Country
4.5 Europe Orthoptera Market by Country
4.6 Europe Diptera Market by Country
4.7 Europe Others Market by Country
Chapter 5. Europe Insect Protein Market by Application
5.1 Europe Animal Nutrition Market by Country
5.2 Europe Food & Beverages Market by Country
5.3 Europe Pharmaceutical & Supplements Market by Country
5.4 Europe Personal Care & Cosmetics Market by Country
Chapter 6. Europe Insect Protein Market by Country
6.1 Germany Insect Protein Market
6.1.1 Germany Insect Protein Market by Source
6.1.2 Germany Insect Protein Market by Application
6.2 UK Insect Protein Market
6.2.1 UK Insect Protein Market by Source
6.2.2 UK Insect Protein Market by Application
6.3 France Insect Protein Market
6.3.1 France Insect Protein Market by Source
6.3.2 France Insect Protein Market by Application
6.4 Russia Insect Protein Market
6.4.1 Russia Insect Protein Market by Source
6.4.2 Russia Insect Protein Market by Application
6.5 Spain Insect Protein Market
6.5.1 Spain Insect Protein Market by Source
6.5.2 Spain Insect Protein Market by Application
6.6 Italy Insect Protein Market
6.6.1 Italy Insect Protein Market by Source
6.6.2 Italy Insect Protein Market by Application
6.7 Rest of Europe Insect Protein Market
6.7.1 Rest of Europe Insect Protein Market by Source
6.7.2 Rest of Europe 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 Europe Insect Protein Market, 2017 - 2020, USD Thousands
TABLE 2 Europe Insect Protein Market, 2021 - 2027, USD Thousands
TABLE 3 Europe Insect Protein Market by Source, 2017 - 2020, USD Thousands
TABLE 4 Europe Insect Protein Market by Source, 2021 - 2027, USD Thousands
TABLE 5 Europe Coleoptera Market by Country, 2017 - 2020, USD Thousands
TABLE 6 Europe Coleoptera Market by Country, 2021 - 2027, USD Thousands
TABLE 7 Europe Hemiptera Insect Protein Market by Country, 2017 - 2020, USD Thousands
TABLE 8 Europe Hemiptera Insect Protein Market by Country, 2021 - 2027, USD Thousands
TABLE 9 Europe Hymenoptera Market by Country, 2017 - 2020, USD Thousands
TABLE 10 Europe Hymenoptera Market by Country, 2021 - 2027, USD Thousands
TABLE 11 Europe Lepidoptera Market by Country, 2017 - 2020, USD Thousands
TABLE 12 Europe Lepidoptera Market by Country, 2021 - 2027, USD Thousands
TABLE 13 Europe Orthoptera Market by Country, 2017 - 2020, USD Thousands
TABLE 14 Europe Orthoptera Market by Country, 2021 - 2027, USD Thousands
TABLE 15 Europe Diptera Market by Country, 2017 - 2020, USD Thousands
TABLE 16 Europe Diptera Market by Country, 2021 - 2027, USD Thousands
TABLE 17 Europe Others Market by Country, 2017 - 2020, USD Thousands
TABLE 18 Europe Others Market by Country, 2021 - 2027, USD Thousands
TABLE 19 Europe Insect Protein Market by Application, 2017 - 2020, USD Thousands
TABLE 20 Europe Insect Protein Market by Application, 2021 - 2027, USD Thousands
TABLE 21 Europe Animal Nutrition Market by Country, 2017 - 2020, USD Thousands
TABLE 22 Europe Animal Nutrition Market by Country, 2021 - 2027, USD Thousands
TABLE 23 Europe Food & Beverages Market by Country, 2017 - 2020, USD Thousands
TABLE 24 Europe Food & Beverages Market by Country, 2021 - 2027, USD Thousands
TABLE 25 Europe Pharmaceutical & Supplements Market by Country, 2017 - 2020, USD Thousands
TABLE 26 Europe Pharmaceutical & Supplements Market by Country, 2021 - 2027, USD Thousands
TABLE 27 Europe Personal Care & Cosmetics Market by Country, 2017 - 2020, USD Thousands
TABLE 28 Europe Personal Care & Cosmetics Market by Country, 2021 - 2027, USD Thousands
TABLE 29 Europe Insect Protein Market by Country, 2017 - 2020, USD Thousands
TABLE 30 Europe Insect Protein Market by Country, 2021 - 2027, USD Thousands
TABLE 31 Germany Insect Protein Market, 2017 - 2020, USD Thousands
TABLE 32 Germany Insect Protein Market, 2021 - 2027, USD Thousands
TABLE 33 Germany Insect Protein Market by Source, 2017 - 2020, USD Thousands
TABLE 34 Germany Insect Protein Market by Source, 2021 - 2027, USD Thousands
TABLE 35 Germany Insect Protein Market by Application, 2017 - 2020, USD Thousands
TABLE 36 Germany Insect Protein Market by Application, 2021 - 2027, USD Thousands
TABLE 37 UK Insect Protein Market, 2017 - 2020, USD Thousands
TABLE 38 UK Insect Protein Market, 2021 - 2027, USD Thousands
TABLE 39 UK Insect Protein Market by Source, 2017 - 2020, USD Thousands
TABLE 40 UK Insect Protein Market by Source, 2021 - 2027, USD Thousands
TABLE 41 UK Insect Protein Market by Application, 2017 - 2020, USD Thousands
TABLE 42 UK Insect Protein Market by Application, 2021 - 2027, USD Thousands
TABLE 43 France Insect Protein Market, 2017 - 2020, USD Thousands
TABLE 44 France Insect Protein Market, 2021 - 2027, USD Thousands
TABLE 45 France Insect Protein Market by Source, 2017 - 2020, USD Thousands
TABLE 46 France Insect Protein Market by Source, 2021 - 2027, USD Thousands
TABLE 47 France Insect Protein Market by Application, 2017 - 2020, USD Thousands
TABLE 48 France Insect Protein Market by Application, 2021 - 2027, USD Thousands
TABLE 49 Russia Insect Protein Market, 2017 - 2020, USD Thousands
TABLE 50 Russia Insect Protein Market, 2021 - 2027, USD Thousands
TABLE 51 Russia Insect Protein Market by Source, 2017 - 2020, USD Thousands
TABLE 52 Russia Insect Protein Market by Source, 2021 - 2027, USD Thousands
TABLE 53 Russia Insect Protein Market by Application, 2017 - 2020, USD Thousands
TABLE 54 Russia Insect Protein Market by Application, 2021 - 2027, USD Thousands
TABLE 55 Spain Insect Protein Market, 2017 - 2020, USD Thousands
TABLE 56 Spain Insect Protein Market, 2021 - 2027, USD Thousands
TABLE 57 Spain Insect Protein Market by Source, 2017 - 2020, USD Thousands
TABLE 58 Spain Insect Protein Market by Source, 2021 - 2027, USD Thousands
TABLE 59 Spain Insect Protein Market by Application, 2017 - 2020, USD Thousands
TABLE 60 Spain Insect Protein Market by Application, 2021 - 2027, USD Thousands
TABLE 61 Italy Insect Protein Market, 2017 - 2020, USD Thousands
TABLE 62 Italy Insect Protein Market, 2021 - 2027, USD Thousands
TABLE 63 Italy Insect Protein Market by Source, 2017 - 2020, USD Thousands
TABLE 64 Italy Insect Protein Market by Source, 2021 - 2027, USD Thousands
TABLE 65 Italy Insect Protein Market by Application, 2017 - 2020, USD Thousands
TABLE 66 Italy Insect Protein Market by Application, 2021 - 2027, USD Thousands
TABLE 67 Rest of Europe Insect Protein Market, 2017 - 2020, USD Thousands
TABLE 68 Rest of Europe Insect Protein Market, 2021 - 2027, USD Thousands
TABLE 69 Rest of Europe Insect Protein Market by Source, 2017 - 2020, USD Thousands
TABLE 70 Rest of Europe Insect Protein Market by Source, 2021 - 2027, USD Thousands
TABLE 71 Rest of Europe Insect Protein Market by Application, 2017 - 2020, USD Thousands
TABLE 72 Rest of Europe 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