Global Grasshoppers Protein Market, By Usage (Flour, Protein Bars, Snacks, Others), Application (Food and Beverage, Animal Nutrition, Pharmaceuticals, Cosmetics), Distribution Channels (Direct and Indirect) – Industry Trends and Forecast to 2029.
Grasshoppers Protein Market Analysis and Size
When compared to other animals and plants, insects are a better source of protein. Insect protein production is less expensive. In the beginning, insect protein was only used in animal feed. However, as more people become aware of the high protein content of insects, it has become widely used in a variety of industries.
Data Bridge Market Research analyses that the grasshopper’s protein market was valued at USD 110.00 million in 2021 and is expected to reach the value of USD 488.98 million by 2029, at a CAGR of 20.50% during the forecast period.
In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Grasshoppers Protein Market Scope and 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
Segments Covered
Usage (Flour, Protein Bars, Snacks, Others), Application (Food and Beverage, Animal Nutrition, Pharmaceuticals, Cosmetics), Distribution Channels (Direct and Indirect)
Countries Covered
U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Global (APAC) in the Global (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
Market Players Covered
Ÿnsect (SAS) (France), Protix B.V. (Netherlands), Enterra Feed Corporation (Canada), InnovaFeed (France), EnviroFlight, LLC (U.S.), Nutrition Technologies Group (Singapore), Entomo Farms (Canada), Hargol FoodTech (Israel), Aspire Food Group (U.S.), All Things Bugs LLC (U.S.), Beta Hatch (U.S.), EntoCube OY (Finland), Armstrong Crickets Georgia (U.S.), Global Bugs Asia Co., Ltd (Thailand), JR Unique Foods (Thailand), Cricket Lab Limited (U.K.), BioflyTech (Spain), TEBRIO (Spain), nextProtein (France), Hexafly (Ireland), HiProMine S.A. (Poland), and Protenga Pte. Ltd. (Singapore)
Opportunities
Increased collaborations between product manufacturers and retailers
Manufacturers are employing a variety of marketing strategies to pique the interest
Increase visibility and awareness
Market Definition
Grasshoppers have 72 percent protein content, which includes all essential amino acids, which is much higher than beef. They have no saturated fat or cholesterol. They contain no antibiotics or hormones. They also contain omega-3 fatty acids, iron, zinc, folic acid, B12, and chitin, which slows our metabolism and may aid in weight loss.
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Global Grasshoppers Protein Market Dynamics
Drivers
Environmental benefits associated with insects is augmenting market growth
Insect rearing reduces environmental impact by reducing water use, land use, feed consumption, and greenhouse gas emissions. Food production's environmental impact is at the forefront of sustainability debates, particularly the need to reduce CO2 emissions and other issues such as water and land use. Insects are essential to the ecosystem. They significantly impact plant reproduction through pollination and aid in soil fertility improvement through waste bioconversion. Insect rearing is also a viable and environmentally friendly alternative to traditional livestock rearing due to their high feed conversion efficiency. Insects emit far less ammonia and greenhouse gases than cattle and pigs. Furthermore, insects consume far less land and water than cattle.
Growing need for protein alternatives as global food scarcity grows
Insect protein has a high potential for combating world hunger as demand for food products rises in tandem with population growth. Insect protein has many uses, including animal feed, food and beverage products, cosmetics, and personal care products. Furthermore, as global food scarcity grows, insects are being considered as a new source of human food and animal feed in western countries.
Furthermore, consumers today are concerned about the food ingredients and how their food is produced and sourced, and they are willing to pay a premium for natural products. Increasing spending on functional food products, an increase in sports and gym enthusiasts, and consumers seeking healthy and sustainable food options are just a few of the trends enhancing market growth.
Opportunity
Increased collaborations between insect protein-based product manufacturers and retailers to increase visibility and awareness will provide numerous lucrative opportunities that will fuel the growth of the grasshopper protein market during the forecast period.
Global Grasshoppers Protein Market Scope
The grasshoppers protein market is segmented on the basis of usage, application and distribution channels. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Usage
Flour
Protein Bars
Snacks
Others
Application
Food and Beverage
Animal Nutrition
Pharmaceuticals
Cosmetics
Distribution channel
Direct
indirect
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Grasshoppers Protein Market Regional Analysis/Insights
Europe leads the grasshopper protein market because of the growing popularity of edible insects in both food and feed applications in this region. North America is expected to grow from 2022 to 2029 due to rising demand for insect-based foods and the region's large number of insect farmers and insect food product manufacturers.
Some of the major players operating in the grasshoppers protein market are:
Ÿnsect (SAS)
(France)
Protix B.V. (Netherlands)
Enterra Feed Corporation (Canada)
InnovaFeed (France)
EnviroFlight, LLC (U.S.)
Nutrition Technologies Group (Singapore)
Entomo Farms (Canada)
Hargol FoodTech (Israel)
Aspire Food Group (U.S.)
All Things Bugs LLC (U.S.)
Beta Hatch (U.S.)
EntoCube OY (Finland)
Armstrong Crickets Georgia (U.S.)
Global Bugs Asia Co., Ltd (Thailand)
JR Unique Foods (Thailand)
Cricket Lab Limited (U.K.)
BioflyTech (Spain)
TEBRIO (Spain)
nextProtein (France)
Hexafly (Ireland)
HiProMine S.A. (Poland)
Protenga Pte. Ltd. (Singapore).
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