Post COVID-19 Impact on Europe Insect Protein Market

 

Insect protein is widely consumed as supplementary feed for aquaculture, poultry and other livestock throughout the Region. Due to their amino acid and protein content ranging from 40% to 70% and high digestibility, they are very important for feed producers.

 

The Europe Insect Protein Market is valued at US$46.75 million in 2021 and is projected to reach US$826.76 million by 2029, growing at a CAGR of 28.70% over the forecast period 2022-2029.

 

Insect proteins represent high-quality raw materials, most of which are obtained from insects. This raw material can be used as animal, fish and pet feed ingredients.

 

Europe Insect Protein Market Report Scope and Market Segmentation 

Report Metric	Details
Forecast Period	2022 to 2029
Base Year	2021
Historic Years	2020 (Customizable to 2014 - 2019)
Quantitative Units	Revenue in USD Million, Volumes in Units, Pricing in USD
Countries Covered	Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe

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Europe Insect Protein Market Dynamics

Drivers

·       High Consumption of Animal Products

·       Inclination towards Healthy Lifestyle

·       Increase in Demand for Functional Foods

Opportunity in Insect Protein Market In Europe

Furthermore, the availability of certain regulations and government support expands profitable opportunities for market participants during the forecast period from 2022 to 2029. Cooperation between insect protein product producers and retailers will further expand the market.

Restraint/Challenge in Insect-Based Protein Market Europe

On the other hand, the high prices associated with the product as well as the risk of microbial and allergic reactions are likely to restrain market growth. Moreover, the reluctance in consumer acceptance and the increasing trend of veganism are expected to boost the insect protein market during the forecast period of 2022-2029.

Insect Protein Market in Europe Impact of Covid-19

COVID-19 has had a negative impact on many industries. However, the insect protein market has experienced significant growth during this period. During the government-imposed lockdown to contain the coronavirus disease, the majority of the population showed great interest in healthy eating.

Europe Insect Protein Market Scope and Market Size

The insect protein market is segmented by insect type, application, and distribution channel. Growth among these segments will help you analyze rare growth segments in the industry and provide consumers with market insights and valuable market insights to help them make strategic decisions identifying key market applications.

Europe Insect Protein Market Regional Analysis/Insights

The countries covered by the Insect Protein market report are Germany, Sweden, Poland, Denmark, Italy, United Kingdom, France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia and other Europe.

In Europe, the UK has the highest market share due to the widespread consumption of insect-based products such as biscuits, snacks, pasta and others. After the UK, most of the market share is occupied by Spain as the demand for insect-based food and feed is growing in that country due to environmental concerns.

Competitive Landscape and Europe Insect Protein Market Share Analysis

Some of the major players operating in the microgrid market:

·       AgriProtein (South Africa)

·       Enterra Feed Corporation (Canada)

·       Aspire Food Group (Canada)

·       Beta Hatch (US)

·       BIOFLYTECH (Spain)

·       Chapul Cricket Protein (US)

·       Entobel (Vietnam)

·       Entocycle (UK)

·       Entomo Farms (france)

·       Global Bugs (Thailand)

Research Methodology: Europe Insect Protein Market

Base year data collection and analysis was carried out with the big data collection module. Market data is analyzed and evaluated using consistent market statistics and models.

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Major TOC of the Europe Insect Protein Market

 

Chapter One: Introduction

Chapter Two: Market Segmentation

Chapter Three: Executive Summary

Chapter Four: Europe Insect Protein Market, By Insect Type

Chapter Five: Europe Insect Protein Market, By Application

Chapter Six: Europe Insect Protein Market, By Distribution Channel

Chapter Seven: Europe Insect Protein Market, By Region

Chapter Eight: Europe Insect Protein Market, Company Landscape

Chapter Nine: Company Profile

 

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