The North America Insect Protein Market would witness market growth of 23.6% CAGR during the forecast period (2021-2027).
Consumers are concerned about food ingredients as well as how and where their food is produced and supplied, and are prepared to pay a premium for natural items. Additionally, increased expenditure on functional food products, an increase in the number of sports and gym enthusiasts, and consumers seeking healthy and sustainable food options are all likely to drive the growth of the insect protein market throughout the forecast period.
Moreover, the demand for such products is likely to increase significantly due to growing demand from a variety of industries, including animal feed, food and beverages, pharmaceuticals, cosmetics, and others. Edible insects, which may be raised on organic waste, generate very low greenhouse emissions and hence have the potential to replace conventional protein production.
The region is witnessing an increased demand for nutritional food items and consumer knowledge about the use of insect-based goods. In addition, Mexico and Canada have a lot of room for new companies and product launches. With the growing population growing and the demand for traditional hog, cattle, and chicken meat increasing, insects are being seriously explored as a source of animal protein. As a result, manufacturers have begun launching insect protein powder-based products in the form of protein bars, protein powder, pasta, and bakery products in these locations, where edible insect acceptance is low. Because the insects are not visible to the public, these items are widely accepted. As a result, many companies producing insect protein powders have emerged in North America and Europe, and they are growing their production capacity.
Insect protein is primarily utilized in animal feed; however, due to rising consumer health awareness, demand for insect protein for human consumption is expected to develop at a rapid rate. Some of the key trends of the regional market are an increase in the number of start-ups producing insect-based food products, as well as higher adoption of the goods in the region.
The US market dominated the North America Insect Protein Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $202.9 million by 2027. The Canada market is poised to grow at a CAGR of 26.4% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 25.3% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Insect Protein Market is Estimated 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
- US
- Canada
- Mexico
- Rest of North America
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 North America Insect Protein Market, by Source
1.4.2 North America Insect Protein Market, by Application
1.4.3 North America 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. North America Insect Protein Market by Source
4.1 North America Coleoptera Market by Country
4.2 North America Hemiptera Insect Protein Market by Country
4.3 North America Hymenoptera Market by Country
4.4 North America Lepidoptera Market by Country
4.5 North America Orthoptera Market by Country
4.6 North America Diptera Market by Country
4.7 North America Others Market by Country
Chapter 5. North America Insect Protein Market by Application
5.1 North America Animal Nutrition Market by Country
5.2 North America Food & Beverages Market by Country
5.3 North America Pharmaceutical & Supplements Market by Country
5.4 North America Personal Care & Cosmetics Market by Country
Chapter 6. North America Insect Protein Market by Country
6.1 US Insect Protein Market
6.1.1 US Insect Protein Market by Source
6.1.2 US Insect Protein Market by Application
6.2 Canada Insect Protein Market
6.2.1 Canada Insect Protein Market by Source
6.2.2 Canada Insect Protein Market by Application
6.3 Mexico Insect Protein Market
6.3.1 Mexico Insect Protein Market by Source
6.3.2 Mexico Insect Protein Market by Application
6.4 Rest of North America Insect Protein Market
6.4.1 Rest of North America Insect Protein Market by Source
6.4.2 Rest of North America 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 North America Insect Protein Market, 2017 - 2020, USD Thousands
TABLE 2 North America Insect Protein Market, 2021 - 2027, USD Thousands
TABLE 3 North America Insect Protein Market by Source, 2017 - 2020, USD Thousands
TABLE 4 North America Insect Protein Market by Source, 2021 - 2027, USD Thousands
TABLE 5 North America Coleoptera Market by Country, 2017 - 2020, USD Thousands
TABLE 6 North America Coleoptera Market by Country, 2021 - 2027, USD Thousands
TABLE 7 North America Hemiptera Insect Protein Market by Country, 2017 - 2020, USD Thousands
TABLE 8 North America Hemiptera Insect Protein Market by Country, 2021 - 2027, USD Thousands
TABLE 9 North America Hymenoptera Market by Country, 2017 - 2020, USD Thousands
TABLE 10 North America Hymenoptera Market by Country, 2021 - 2027, USD Thousands
TABLE 11 North America Lepidoptera Market by Country, 2017 - 2020, USD Thousands
TABLE 12 North America Lepidoptera Market by Country, 2021 - 2027, USD Thousands
TABLE 13 North America Orthoptera Market by Country, 2017 - 2020, USD Thousands
TABLE 14 North America Orthoptera Market by Country, 2021 - 2027, USD Thousands
TABLE 15 North America Diptera Market by Country, 2017 - 2020, USD Thousands
TABLE 16 North America Diptera Market by Country, 2021 - 2027, USD Thousands
TABLE 17 North America Others Market by Country, 2017 - 2020, USD Thousands
TABLE 18 North America Others Market by Country, 2021 - 2027, USD Thousands
TABLE 19 North America Insect Protein Market by Application, 2017 - 2020, USD Thousands
TABLE 20 North America Insect Protein Market by Application, 2021 - 2027, USD Thousands
TABLE 21 North America Animal Nutrition Market by Country, 2017 - 2020, USD Thousands
TABLE 22 North America Animal Nutrition Market by Country, 2021 - 2027, USD Thousands
TABLE 23 North America Food & Beverages Market by Country, 2017 - 2020, USD Thousands
TABLE 24 North America Food & Beverages Market by Country, 2021 - 2027, USD Thousands
TABLE 25 North America Pharmaceutical & Supplements Market by Country, 2017 - 2020, USD Thousands
TABLE 26 North America Pharmaceutical & Supplements Market by Country, 2021 - 2027, USD Thousands
TABLE 27 North America Personal Care & Cosmetics Market by Country, 2017 - 2020, USD Thousands
TABLE 28 North America Personal Care & Cosmetics Market by Country, 2021 - 2027, USD Thousands
TABLE 29 North America Insect Protein Market by Country, 2017 - 2020, USD Thousands
TABLE 30 North America Insect Protein Market by Country, 2021 - 2027, USD Thousands
TABLE 31 US Insect Protein Market, 2017 - 2020, USD Thousands
TABLE 32 US Insect Protein Market, 2021 - 2027, USD Thousands
TABLE 33 US Insect Protein Market by Source, 2017 - 2020, USD Thousands
TABLE 34 US Insect Protein Market by Source, 2021 - 2027, USD Thousands
TABLE 35 US Insect Protein Market by Application, 2017 - 2020, USD Thousands
TABLE 36 US Insect Protein Market by Application, 2021 - 2027, USD Thousands
TABLE 37 Canada Insect Protein Market, 2017 - 2020, USD Thousands
TABLE 38 Canada Insect Protein Market, 2021 - 2027, USD Thousands
TABLE 39 Canada Insect Protein Market by Source, 2017 - 2020, USD Thousands
TABLE 40 Canada Insect Protein Market by Source, 2021 - 2027, USD Thousands
TABLE 41 Canada Insect Protein Market by Application, 2017 - 2020, USD Thousands
TABLE 42 Canada Insect Protein Market by Application, 2021 - 2027, USD Thousands
TABLE 43 Mexico Insect Protein Market, 2017 - 2020, USD Thousands
TABLE 44 Mexico Insect Protein Market, 2021 - 2027, USD Thousands
TABLE 45 Mexico Insect Protein Market by Source, 2017 - 2020, USD Thousands
TABLE 46 Mexico Insect Protein Market by Source, 2021 - 2027, USD Thousands
TABLE 47 Mexico Insect Protein Market by Application, 2017 - 2020, USD Thousands
TABLE 48 Mexico Insect Protein Market by Application, 2021 - 2027, USD Thousands
TABLE 49 Rest of North America Insect Protein Market, 2017 - 2020, USD Thousands
TABLE 50 Rest of North America Insect Protein Market, 2021 - 2027, USD Thousands
TABLE 51 Rest of North America Insect Protein Market by Source, 2017 - 2020, USD Thousands
TABLE 52 Rest of North America Insect Protein Market by Source, 2021 - 2027, USD Thousands
TABLE 53 Rest of North America Insect Protein Market by Application, 2017 - 2020, USD Thousands
TABLE 54 Rest of North America Insect Protein Market by Application, 2021 - 2027, USD Thousands
TABLE 55 Key information – InnovaFeed
TABLE 56 Key information – darling ingredients, INC.
TABLE 57 Key information – SAS Ynsect
TABLE 58 Key information – Protix B.V.
TABLE 59 Key information – NTG Holdings Pte. Ltd.
TABLE 60 Key information – Goterra
TABLE 61 Key information – Entomo Farms
TABLE 62 Key information – Chapul
TABLE 63 Key information – Aspire Food Group
TABLE 64 Key information – Hexafly
List of Figures
FIG 1 Methodology for the research