Insect Farming Market By Size, Share, and Forecast 2028

Summary

Report Description

The global insect farming market is anticipated to grow at an impressive CAGR in the forecast period, 2024-2028. The market growth can be attributed to growing use of insects as an ingredient in foodstuffs across various cuisines. Edible insects are rich in proteins, healthy fats, iron, and calcium, and low in carbohydrates, even more nutritious than most consumed meats, such as beef, chicken, and others. Increasing greenhouse gas emissions from the livestock and poultry farming has led to a surge in need for finding cheap and sustainable protein alternatives, which is contributing to the growth of global insect farming market. Insect farming involves breeding, rearing, and harvesting of various types of insects that can be utilized for consumption purposes, and for the commodities they produce such as silk, honey, lac, and others.

Growing Adoption of Insects as Ideal Animal Feed
Insects such as are used in animal feed production as they provide nutritious feed ingredient, feed efficiency, and reproductive capacities. Insects are good sources of minerals and vitamins, such as calcium, iron, magnesium, phosphorus, vitamin B12, thiamine and riboflavin. Extensive research has shown that black soldier fly larvae can be used as an animal feed to pigs, fish, and chickens as a substitute for conventional protein feeds such as fish meal, and soybean meal. For instance, The American Association of Feed Control Officials, whose members control the sale and distribution of animal feeds in the U.S., has accepted the larvae as feed for poultry, certain fish, and pigs.

Rising Food Security Risks to Aid the Growth of Insect Farming Market
In recent years, the food security risks have increased globally due to shrinking of agricultural land which is resulting in food shortages and hike in prices of animal meat. Hence, insect farming is seen as a potential solution to meet the challenges related to food security. About 2000 insect species are eaten by the people across the world, mostly in tropical countries. They contain adequate protein quantity and quality, high content of unsaturated fatty acids and minerals Consumption of insects by humans has the potential to reduce hunger on a global scale as they are calorie dense as well as nutrient dense. For instance, almost 2 billion people across the world eat bugs on a regular basis which is over 25 percent of the world’s population.

Rising Research and Development activities and Increasing Investments
Increasing investments by the private as well as public sector is bolstering the growth of the market. For instance, Protix, a producer of sustainable ingredients from insects, declared it has obtained $57.2 million investments from the European Circular Bioeconomy Fund (ECBF), the Prince Albert II Fund, BNP Paribas, and The Good Investors. The investments were also funded by the company’s existing backers Aqua-Spark, Invest-NL, and Rabo Investments. Moreover, rise in research and development (R&D) activities is strengthening the growth of the market.

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Market Segmentation
The global insect farming market is segmented by insect, product, application, and regional distribution. Based on insect, the market is divided into silkworms, honeybees, waxworms, lac insects, cochineal, crickets, others. Based on product, the market is divided whole insect, insect protein, insect oil, others. Based on application, the market is divided into silk, lac, honey, animal feed, food colorant, insect protein bars & protein shakes, insect baked products & snacks, others. In terms of country, the United States is expected to be a lucrative market in the forecast period due to rising number of tech startups in the country.

Market Players
Major players operating in the global insect farming market are Viscon Group, Bühler Insect Technology Solutions, Protenga Pte. Ltd., nextProtein SAS, NextAlim SAS, AgriProtein Holdings UK Ltd, Ÿnsect SAS, Thai Union Group, Deli Bugs Ltd., EntoCube Ltd., among others.

Attribute	Details
Base Year	2022
Historic Data	2018 – 2021
Estimated Year	2023
Forecast Period	2024 – 2028
Quantitative Units	Revenue in USD Million, and CAGR for 2018-2022 and 2024-2028
Report coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends
Segments covered	· Insect · Product · Application
Regional scope	North America; Asia Pacific; Europe & CIS; South America; Middle East & Africa
Country scope	United States; Canada; Mexico; China; India; Japan; South Korea; Australia; Singapore; Thailand; Germany; United Kingdom; France; Italy; Spain; Brazil; Argentina; Colombia; Saudi Arabia; South Africa; UAE
Key companies profiled	Viscon Group, Bühler Insect Technology Solutions, Protenga Pte. Ltd., nextProtein SAS, NextAlim SAS, AgriProtein Holdings UK Ltd, Ÿnsect SAS, Thai Union Group, Deli Bugs Ltd., EntoCube Ltd.
Customization scope	10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options	Avail customized purchase options to meet your exact research needs. Explore purchase options
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, global insect farming market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Insect Farming Market, By Insect:

Silkworms
Honeybees
Waxworms
Lac Insects
Cochineal
Crickets
Others

Insect Farming Market, By Product:

Whole Insect
Insect Protein
Insect Oil
Others

Insect Farming Market, By Application:

Silk
Lac
Honey
Animal Feed
Food Colorant
Insect Protein Bars & Protein Shakes
Insect Baked Products & Snacks
Others

Insect Farming Market, By Region:

North America

United States
Canada
Mexico

Asia-Pacific

China
India
Japan
South Korea
Australia
Singapore
Thailand

Europe & CIS

Germany
United Kingdom
France
Italy
Spain

South America

Brazil
Argentina
Colombia
Peru
Chile

Middle East & Africa

§ Saudi Arabia

§ South Africa

§ UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global insect farming market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global insect farming market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Research Data

2.3.1. Secondary Data

2.3.2. Primary Data

2.4. Market Size Estimation

2.4.1. Bottom-Up Approach

2.4.2. Top-Down Approach

2.5. Market Breakdown & Triangulation

2.6. Research Assumptions

3. Executive Summary

3.1. Overview of the Market

3.2. Overview of Key Market Segmentations

3.3. Overview of Key Market Players

3.4. Overview of Key Regions/Countries

3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

4.1. Commonly Reared Insects

4.2. Commonly Used Method for Harvesting Insects

4.3. Demand, By Product

4.4. Brand Awareness

5. Global Insect Farming Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Insect (Silkworms, Honeybees, Waxworms, Lac Insects, Cochineal, Crickets, Others)

5.2.2. By Product (Whole Insect, Insect Protein, Insect Oil, Others)

5.2.3. By Application (Silk, Lac, Honey, Animal Feed, Food Colorant, Insect Protein Bars & Protein Shakes, Insect Baked Products & Snacks, Others)

5.2.4. By Region

5.2.5. By Company (2022)

5.3. Market Map

5.3.1. By Insect

5.3.2. By Product

5.3.3. By Application

5.3.4. By Region

6. North America Insect Farming Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Insect

6.2.2. By Product

6.2.3. By Application

6.2.4. By Country

6.3. Policy & Regulatory Landscape

6.4. North America: Country Analysis

6.4.1. United States Insect Farming Market Outlook

6.4.1.1. Market Size & Forecast

6.4.1.1.1. By Value

6.4.1.2. Market Share & Forecast

6.4.1.2.1. By Insect

6.4.1.2.2. By Product

6.4.1.2.3. By Application

6.4.2. Canada Insect Farming Market Outlook

6.4.2.1. Market Size & Forecast

6.4.2.1.1. By Value

6.4.2.2. Market Share & Forecast

6.4.2.2.1. By Insect

6.4.2.2.2. By Product

6.4.2.2.3. By Application

6.4.3. Mexico Insect Farming Market Outlook

6.4.3.1. Market Size & Forecast

6.4.3.1.1. By Value

6.4.3.2. Market Share & Forecast

6.4.3.2.1. By Insect

6.4.3.2.2. By Product

6.4.3.2.3. By Application

7. Europe Insect Farming Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Insect

7.2.2. By Product

7.2.3. By Application

7.2.4. By Country

7.3. Policy & Regulatory Landscape

7.4. Europe: Country Analysis

7.4.1. United Kingdom Insect Farming Market Outlook

7.4.1.1. Market Size & Forecast

7.4.1.1.1. By Value

7.4.1.2. Market Share & Forecast

7.4.1.2.1. By Insect

7.4.1.2.2. By Product

7.4.1.2.3. By Application

7.4.2. Germany Insect Farming Market Outlook

7.4.2.1. Market Size & Forecast

7.4.2.1.1. By Value

7.4.2.2. Market Share & Forecast

7.4.2.2.1. By Insect

7.4.2.2.2. By Product

7.4.2.2.3. By Application

7.4.3. France Insect Farming Market Outlook

7.4.3.1. Market Size & Forecast

7.4.3.1.1. By Value

7.4.3.2. Market Share & Forecast

7.4.3.2.1. By Insect

7.4.3.2.2. By Product

7.4.3.2.3. By Application

7.4.4. Italy Insect Farming Market Outlook

7.4.4.1. Market Size & Forecast

7.4.4.1.1. By Value

7.4.4.2. Market Share & Forecast

7.4.4.2.1. By Insect

7.4.4.2.2. By Product

7.4.4.2.3. By Application

7.4.5. Spain Insect Farming Market Outlook

7.4.5.1. Market Size & Forecast

7.4.5.1.1. By Value

7.4.5.2. Market Share & Forecast

7.4.5.2.1. By Insect

7.4.5.2.2. By Product

7.4.5.2.3. By Application

8. Asia-Pacific Insect Farming Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Insect

8.2.2. By Product

8.2.3. By Application

8.2.4. By Country

8.3. Policy & Regulatory Landscape

8.4. Asia-Pacific: Country Analysis

8.4.1. China Insect Farming Market Outlook

8.4.1.1. Market Size & Forecast

8.4.1.1.1. By Value

8.4.1.2. Market Share & Forecast

8.4.1.2.1. By Insect

8.4.1.2.2. By Product

8.4.1.2.3. By Application

8.4.2. Japan Insect Farming Market Outlook

8.4.2.1. Market Size & Forecast

8.4.2.1.1. By Value

8.4.2.2. Market Share & Forecast

8.4.2.2.1. By Insect

8.4.2.2.2. By Product

8.4.2.2.3. By Application

8.4.3. India Insect Farming Market Outlook

8.4.3.1. Market Size & Forecast

8.4.3.1.1. By Value

8.4.3.2. Market Share & Forecast

8.4.3.2.1. By Insect

8.4.3.2.2. By Product

8.4.3.2.3. By Application

8.4.4. South Korea Insect Farming Market Outlook

8.4.4.1. Market Size & Forecast

8.4.4.1.1. By Value

8.4.4.2. Market Share & Forecast

8.4.4.2.1. By Insect

8.4.4.2.2. By Product

8.4.4.2.3. By Application

8.4.5. Australia Insect Farming Market Outlook

8.4.5.1. Market Size & Forecast

8.4.5.1.1. By Value

8.4.5.2. Market Share & Forecast

8.4.5.2.1. By Insect

8.4.5.2.2. By Product

8.4.5.2.3. By Application

8.4.6. Singapore Insect Farming Market Outlook

8.4.6.1. Market Size & Forecast

8.4.6.1.1. By Value

8.4.6.2. Market Share & Forecast

8.4.6.2.1. By Insect

8.4.6.2.2. By Product

8.4.6.2.3. By Application

8.4.7. Thailand Insect Farming Market Outlook

8.4.7.1. Market Size & Forecast

8.4.7.1.1. By Value

8.4.7.2. Market Share & Forecast

8.4.7.2.1. By Insect

8.4.7.2.2. By Product

8.4.7.2.3. By Application

9. South America Insect Farming Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Insect

9.2.2. By Product

9.2.3. By Application

9.2.4. By Country

9.3. Policy & Regulatory Landscape

9.4. South America: Country Analysis

9.4.1. Brazil Insect Farming Market Outlook

9.4.1.1. Market Size & Forecast

9.4.1.1.1. By Value

9.4.1.2. Market Share & Forecast

9.4.1.2.1. By Insect

9.4.1.2.2. By Product

9.4.1.2.3. By Application

9.4.2. Argentina Insect Farming Market Outlook

9.4.2.1. Market Size & Forecast

9.4.2.1.1. By Value

9.4.2.2. Market Share & Forecast

9.4.2.2.1. By Insect

9.4.2.2.2. By Product

9.4.2.2.3. By Application

9.4.3. Colombia Insect Farming Market Outlook

9.4.3.1. Market Size & Forecast

9.4.3.1.1. By Value

9.4.3.2. Market Share & Forecast

9.4.3.2.1. By Insect

9.4.3.2.2. By Product

9.4.3.2.3. By Application

10. Middle East and Africa Insect Farming Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Insect

10.2.2. By Product

10.2.3. By Application

10.2.4. By Country

10.3. Policy & Regulatory Landscape

10.4. MEA: Country Analysis

10.4.1. South Africa Insect Farming Market Outlook

10.4.1.1. Market Size & Forecast

10.4.1.1.1. By Value

10.4.1.2. Market Share & Forecast

10.4.1.2.1. By Insect

10.4.1.2.2. By Product

10.4.1.2.3. By Application

10.4.2. Saudi Arabia Insect Farming Market Outlook

10.4.2.1. Market Size & Forecast

10.4.2.1.1. By Value

10.4.2.2. Market Share & Forecast

10.4.2.2.1. By Insect

10.4.2.2.2. By Product

10.4.2.2.3. By Application

10.4.3. UAE Insect Farming Market Outlook

10.4.3.1. Market Size & Forecast

10.4.3.1.1. By Value

10.4.3.2. Market Share & Forecast

10.4.3.2.1. By Insect

10.4.3.2.2. By Product

10.4.3.2.3. By Application

11. Market Dynamics

11.1. Drivers

11.1.1. Growing Adoption of Insects as Ideal Animal Feed

11.1.2. Rising Food Security Risks

11.1.3. Rising Research and Development activities and Increasing Investments

11.2. Challenges

11.2.1. Stringent Regulations and Negative Attitudes Toward Insects in Some Countries

11.2.2. Risk of Allergies due to Insect Consumption

12. Market Trends & Developments

12.1. Development of an Innovative Insect Feeding Machine.

12.2. Launch of New Production Facility for Mealworms

12.3. Rising Number of Mergers and Acquisitions

13. Global Insect Farming Market: SWOT Analysis

14. Competitive Landscape

14.1. Business Overview

14.2. Product Offerings

14.3. Recent Developments

14.4. Financials (In Case of Listed Companies)

14.5. Key Personnel

14.6. SWOT Analysis

14.6.1.1. Viscon Group

14.6.1.2. Bühler Insect Technology Solutions

14.6.1.3. Protenga Pte. Ltd.

14.6.1.4. nextProtein SAS

14.6.1.5. NextAlim SAS

14.6.1.6. AgriProtein Holdings UK Ltd

14.6.1.7. Ÿnsect SAS

14.6.1.8. Thai Union Group

14.6.1.9. Deli Bugs Ltd.

14.6.1.10. EntoCube Ltd.

15. Strategic Recommendations

Figures and Tables

Frequently asked questions

Which regional market is expected to dominate the Global Insect Farming Market?

North America is expected to hold the dominant share in the global insect farming market during the forecast period.

What are the key driving factors of the Global Insect Farming Market?

Increasing need to find alternative sources of proteins is driving the global insect farming market growth.

What segment is expected to dominate the Global Insect Farming Market in the forecast period?

Based on insect, the crickets segment is expected to dominate the global insect farming market in the forecast period.

Who are the major market players operating in the Global Insect Farming Market?

Viscon Group, Bühler Insect Technology Solutions, Protenga Pte. Ltd., nextProtein SAS, NextAlim SAS, AgriProtein Holdings UK Ltd, Ÿnsect SAS, Thai Union Group, Deli Bugs Ltd., EntoCube Ltd., among others are key players operating in the global insect farming market.

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Press Release

Global Insect Farming Market to be dominated by Insect Protein through 2028

Nov, 2022

Growing preference for insects as alternative source of protein across various end-use industries is driving the growth of global insect farming market in the forecast period, 2024-2028.

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