Although many cultures have been consuming it, entomophagy(eating insects) has recently caught on in North America and Europe. But eating insects can be a healthy choice, for both the environment and for humans. Raising insect protein requires fewer resources and is more economical. A U.N. Report from 2013 suggests eating insects might be a critical way to help meet the almost doubled food demand predicted by the year 2050.
Insects are also a source of high-quality protein, containing many essential amino acids required for human nutrition. They're also a good source of fatty acids, minerals-like iron, zinc, sodium, potassium, selenium, and copper-and vitamins, such as the B vitamins. Finally, insects contain dietary fiber, derived mostly from the chitin that makes up their exoskeleton. (Fiber is something most other animal products don’t offer.)
Companies across North America have started raising FDA-approved insects to fill the rising demand. Popular products include an insect powder, protein bars, whole insect snacks, and even protein chips. There are now many companies in the field and places to purchase them are proliferating.
By Insect Type
By insect type, Insect Protein Market can be segmented as Ants, Crickets, Beetles, Wasp, Bees and many others. Ants, Beetles, and worms are common insects whose protein are being used.
By application, Insect Protein Market can be segmented as Ants, Crickets, Beetles, Wasp, Bees and many others. In Netherlands mealworms and other worms are used to feed reptiles and fishes due to its nutritive value. Ants are used as an ingredient for making tonics and health foods. Eating bugs helps to reduce obesity. Insect powders are used to make different types of spices.
Geographically, Insect Protein Market can be segmented as North America, South America, Europe, Middle East and Africa and Asia Pacific region. Asia Pacific Region and North America are expected to capture significant market share due to shifting preference of people from animal protein to insect protein. Africa also covers significant share in bugs market due to its increasing bug cultivation.
The Insect Protein market is fragmented with hundreds of manufacturers. The players are expanding globally to mirror their customers’ requirement. As a result, they are increasingly integrating with other players. The key players include Tyson, Proti Farm Holding NV, Chapul L.L.C., Cricket Flours L.L.C. Crik Nutrition and seek food L.L.C.
The Insect Protein market has been analyzed through the following segments:
By Insect Type
Food and beverages
Middle East And Africa