The Latin America, Middle East and Africa Insect Protein Market would witness market growth of 26.9% CAGR during the forecast period (2021-2027).
Animal-based meals have long been considered nutritional staples because they contain many necessary elements; yet, due to their nutrient richness, edible insects have the capability to act as healthy, sustainable alternatives. Due to their high quantities of vitamin B12, iron, zinc, fiber, vital amino acids, omega-3 and omega-6 fatty acids, and antioxidants, edible insects may provide exceptional health advantages. Edible insects like crickets could provide a variety of environmental and nutritional benefits, including a reduction in overall greenhouse gas emissions, reduced agricultural use of land and water, better prevention and management of chronic diseases like diabetes, cancer, and cardiovascular disease, and improved immune function.
Insects have the potential to be employed as meat substitutes or dietary supplements in the future, benefiting both human health and the environment. The regional manufacturers are working on new ways to use insect protein to benefit starving people. Researchers are developing food items based on insect protein powder to compensate for the lack of nutritional resources in MEA countries like Kenya.
The demand for Insect protein is being driven by changing agricultural practises, increased population and affluence, and a growing market requirement for nutritious animal food. As a source of insect feed, larvae and worms are used. Demand for both categories is expected to rise in response to increased demand for animal food. Because of high feed protein conversion, low GHG emissions, and acceptable feed quality, the insect protein industry would grow more in the upcoming years.
The Brazil market dominated the LAMEA Insect Protein Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $16.9 million by 2027, growing at a CAGR of 25.6 % during the forecast period. The Argentina market is expected to witness a CAGR of 27.6% during (2021 - 2027). Additionally, The UAE market is expected to witness a CAGR of 26.5% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Insect Protein Market is Predict to reach $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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 LAMEA Insect Protein Market, by Source
1.4.2 LAMEA Insect Protein Market, by Application
1.4.3 LAMEA 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. LAMEA Insect Protein Market by Source
4.1 LAMEA Coleoptera Market by Country
4.2 LAMEA Hemiptera Insect Protein Market by Country
4.3 LAMEA Hymenoptera Market by Country
4.4 LAMEA Lepidoptera Market by Country
4.5 LAMEA Orthoptera Market by Country
4.6 LAMEA Diptera Market by Country
4.7 LAMEA Others Market by Country
Chapter 5. LAMEA Insect Protein Market by Application
5.1 LAMEA Animal Nutrition Market by Country
5.2 LAMEA Food & Beverages Market by Country
5.3 LAMEA Pharmaceutical & Supplements Market by Country
5.4 LAMEA Personal Care & Cosmetics Market by Country
Chapter 6. LAMEA Insect Protein Market by Country
6.1 Brazil Insect Protein Market
6.1.1 Brazil Insect Protein Market by Source
6.1.2 Brazil Insect Protein Market by Application
6.2 Argentina Insect Protein Market
6.2.1 Argentina Insect Protein Market by Source
6.2.2 Argentina Insect Protein Market by Application
6.3 UAE Insect Protein Market
6.3.1 UAE Insect Protein Market by Source
6.3.2 UAE Insect Protein Market by Application
6.4 Saudi Arabia Insect Protein Market
6.4.1 Saudi Arabia Insect Protein Market by Source
6.4.2 Saudi Arabia Insect Protein Market by Application
6.5 South Africa Insect Protein Market
6.5.1 South Africa Insect Protein Market by Source
6.5.2 South Africa Insect Protein Market by Application
6.6 Nigeria Insect Protein Market
6.6.1 Nigeria Insect Protein Market by Source
6.6.2 Nigeria Insect Protein Market by Application
6.7 Rest of LAMEA Insect Protein Market
6.7.1 Rest of LAMEA Insect Protein Market by Source
6.7.2 Rest of LAMEA 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 LAMEA Insect Protein Market, 2017 - 2020, USD Thousands
TABLE 2 LAMEA Insect Protein Market, 2021 - 2027, USD Thousands
TABLE 3 LAMEA Insect Protein Market by Source, 2017 - 2020, USD Thousands
TABLE 4 LAMEA Insect Protein Market by Source, 2021 - 2027, USD Thousands
TABLE 5 LAMEA Coleoptera Market by Country, 2017 - 2020, USD Thousands
TABLE 6 LAMEA Coleoptera Market by Country, 2021 - 2027, USD Thousands
TABLE 7 LAMEA Hemiptera Insect Protein Market by Country, 2017 - 2020, USD Thousands
TABLE 8 LAMEA Hemiptera Insect Protein Market by Country, 2021 - 2027, USD Thousands
TABLE 9 LAMEA Hymenoptera Market by Country, 2017 - 2020, USD Thousands
TABLE 10 LAMEA Hymenoptera Market by Country, 2021 - 2027, USD Thousands
TABLE 11 LAMEA Lepidoptera Market by Country, 2017 - 2020, USD Thousands
TABLE 12 LAMEA Lepidoptera Market by Country, 2021 - 2027, USD Thousands
TABLE 13 LAMEA Orthoptera Market by Country, 2017 - 2020, USD Thousands
TABLE 14 LAMEA Orthoptera Market by Country, 2021 - 2027, USD Thousands
TABLE 15 LAMEA Diptera Market by Country, 2017 - 2020, USD Thousands
TABLE 16 LAMEA Diptera Market by Country, 2021 - 2027, USD Thousands
TABLE 17 LAMEA Others Market by Country, 2017 - 2020, USD Thousands
TABLE 18 LAMEA Others Market by Country, 2021 - 2027, USD Thousands
TABLE 19 LAMEA Insect Protein Market by Application, 2017 - 2020, USD Thousands
TABLE 20 LAMEA Insect Protein Market by Application, 2021 - 2027, USD Thousands
TABLE 21 LAMEA Animal Nutrition Market by Country, 2017 - 2020, USD Thousands
TABLE 22 LAMEA Animal Nutrition Market by Country, 2021 - 2027, USD Thousands
TABLE 23 LAMEA Food & Beverages Market by Country, 2017 - 2020, USD Thousands
TABLE 24 LAMEA Food & Beverages Market by Country, 2021 - 2027, USD Thousands
TABLE 25 LAMEA Pharmaceutical & Supplements Market by Country, 2017 - 2020, USD Thousands
TABLE 26 LAMEA Pharmaceutical & Supplements Market by Country, 2021 - 2027, USD Thousands
TABLE 27 LAMEA Personal Care & Cosmetics Market by Country, 2017 - 2020, USD Thousands
TABLE 28 LAMEA Personal Care & Cosmetics Market by Country, 2021 - 2027, USD Thousands
TABLE 29 LAMEA Insect Protein Market by Country, 2017 - 2020, USD Thousands
TABLE 30 LAMEA Insect Protein Market by Country, 2021 - 2027, USD Thousands
TABLE 31 Brazil Insect Protein Market, 2017 - 2020, USD Thousands
TABLE 32 Brazil Insect Protein Market, 2021 - 2027, USD Thousands
TABLE 33 Brazil Insect Protein Market by Source, 2017 - 2020, USD Thousands
TABLE 34 Brazil Insect Protein Market by Source, 2021 - 2027, USD Thousands
TABLE 35 Brazil Insect Protein Market by Application, 2017 - 2020, USD Thousands
TABLE 36 Brazil Insect Protein Market by Application, 2021 - 2027, USD Thousands
TABLE 37 Argentina Insect Protein Market, 2017 - 2020, USD Thousands
TABLE 38 Argentina Insect Protein Market, 2021 - 2027, USD Thousands
TABLE 39 Argentina Insect Protein Market by Source, 2017 - 2020, USD Thousands
TABLE 40 Argentina Insect Protein Market by Source, 2021 - 2027, USD Thousands
TABLE 41 Argentina Insect Protein Market by Application, 2017 - 2020, USD Thousands
TABLE 42 Argentina Insect Protein Market by Application, 2021 - 2027, USD Thousands
TABLE 43 UAE Insect Protein Market, 2017 - 2020, USD Thousands
TABLE 44 UAE Insect Protein Market, 2021 - 2027, USD Thousands
TABLE 45 UAE Insect Protein Market by Source, 2017 - 2020, USD Thousands
TABLE 46 UAE Insect Protein Market by Source, 2021 - 2027, USD Thousands
TABLE 47 UAE Insect Protein Market by Application, 2017 - 2020, USD Thousands
TABLE 48 UAE Insect Protein Market by Application, 2021 - 2027, USD Thousands
TABLE 49 Saudi Arabia Insect Protein Market, 2017 - 2020, USD Thousands
TABLE 50 Saudi Arabia Insect Protein Market, 2021 - 2027, USD Thousands
TABLE 51 Saudi Arabia Insect Protein Market by Source, 2017 - 2020, USD Thousands
TABLE 52 Saudi Arabia Insect Protein Market by Source, 2021 - 2027, USD Thousands
TABLE 53 Saudi Arabia Insect Protein Market by Application, 2017 - 2020, USD Thousands
TABLE 54 Saudi Arabia Insect Protein Market by Application, 2021 - 2027, USD Thousands
TABLE 55 South Africa Insect Protein Market, 2017 - 2020, USD Thousands
TABLE 56 South Africa Insect Protein Market, 2021 - 2027, USD Thousands
TABLE 57 South Africa Insect Protein Market by Source, 2017 - 2020, USD Thousands
TABLE 58 South Africa Insect Protein Market by Source, 2021 - 2027, USD Thousands
TABLE 59 South Africa Insect Protein Market by Application, 2017 - 2020, USD Thousands
TABLE 60 South Africa Insect Protein Market by Application, 2021 - 2027, USD Thousands
TABLE 61 Nigeria Insect Protein Market, 2017 - 2020, USD Thousands
TABLE 62 Nigeria Insect Protein Market, 2021 - 2027, USD Thousands
TABLE 63 Nigeria Insect Protein Market by Source, 2017 - 2020, USD Thousands
TABLE 64 Nigeria Insect Protein Market by Source, 2021 - 2027, USD Thousands
TABLE 65 Nigeria Insect Protein Market by Application, 2017 - 2020, USD Thousands
TABLE 66 Nigeria Insect Protein Market by Application, 2021 - 2027, USD Thousands
TABLE 67 Rest of LAMEA Insect Protein Market, 2017 - 2020, USD Thousands
TABLE 68 Rest of LAMEA Insect Protein Market, 2021 - 2027, USD Thousands
TABLE 69 Rest of LAMEA Insect Protein Market by Source, 2017 - 2020, USD Thousands
TABLE 70 Rest of LAMEA Insect Protein Market by Source, 2021 - 2027, USD Thousands
TABLE 71 Rest of LAMEA Insect Protein Market by Application, 2017 - 2020, USD Thousands
TABLE 72 Rest of LAMEA 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