Global Insect-Based Pet Food Market

Report ID : 1431 | Published : 2022-11-02 | Pages: | Format: PDF/EXCEL

The market size of the Global Insect-Based Pet Food Market in the year 2021 is valued at 7.22 billion and is predicted to reach 15.12 billion by the year 2030 at an 8.74% CAGR during the forecast period.

The simple accessibility of insect-based snacks, toppings, and jerky via online shopping channels is anticipated to be boosted by insect-based pet food sales. Sales of pet foods based on insects are anticipated to increase due to rising consumer demand for organic and sustainable pet food. The market will expand due to ongoing research and development efforts to add more protein-rich ingredients to insect-based pet food. Expedited product approvals will aid market expansion for new components used in pet foods based on insects. Demand for pet food based on insects is increasing due to pet adoption worldwide. Because of this, people are increasingly adopting the "pet humanization" trend, in which they place a high value on the health and happiness of their pets by feeding them specific meals. Insects from the pet's country of origin are increasingly being used, and this is because there is a higher likelihood of these insects being nourishing and safe for pets. The demand for insect-based pet food is anticipated to be driven by rising consumer awareness of the consumption of nutrient-dense foods and a rising inclination for a healthy lifestyle. The increased demand for wholesome food products due to rising health consciousness among customers worldwide has given manufacturers in various industries a chance to sell such foods.

Market Segmentation:

The insect-based pet food market is segmented based on product, nature, and source. Based on product type, the market is segmented as kibble/dry, extrude, baked, coated, dehydrated food treats and chews, freeze-dried raw, wet food, frozen, raw food, powder, and freeze-dried food. By nature, the market is segmented into organic, mannoprotein and conventional. By source, the market is segmented as crickets, mealworms, and black soldier flies.

Based on nature, the organic segment is accounted as a major contributor to the insect-based pet food market.

The organic category is expected to hold a significant share of the global insect-based pet food market. Consumers are more concerned about the substances in pet foods made from insects. Most pet owners are looking for pet food with similar qualities as organic foods become more widely consumed by humans, which is projected to drive the segment.

Pet food is not allowed to contain hormone pills, hazardous pesticides, pharmaceuticals, flavorings, colors, or additives. Companies are creating various pet food brands with a wide range of organic ingredients to take advantage of the current market trend.

The frozen segment witnessed growth at a rapid rate.

The frozen segment is projected to grow rapidly in the global insect-based pet food market. The demand for frozen pet food is rising because of shifting lifestyles worldwide. Customers' perceptions of pet health are evolving, driving demand for frozen pet foods. One of the key elements driving the growth of the frozen pet food market is the steady rise of nuclear households. One main factor driving the demand for frozen pet foods is rising pet health awareness, especially in countries such as the US, Germany, the UK, China, and India.

The North American insect-based pet food market holds a significant regional revenue share.

The North American insect-based pet food market is expected to register the highest market share in revenue soon. Many businesses are attempting to develop novel flavors for their goods, likely to drive market growth. The primary ingredients of pet foods are wheat, corn, and soy, which are then combined with animal fats to give them a meaty flavor. Additionally, there are just a few pet meals containing insect-based pet foods on the market, but this industry is anticipated to grow as consumers look for a lower-impact, more sustainable, and less expensive source of pet nutrition.

In addition, Asia Pacific is projected to grow rapidly in the global insect-based pet food market. As insect-based pet foods are more practical and suitable for city dwellers' hectic lifestyles, the trend toward urbanization in rural areas has a greater impact on pet food sales. Due to rising pet nutrition costs and an increasing pet population, the Asia Pacific insect-based pet food sector is flourishing.

Competitive Landscape

Some of the major key players in the insect-based pet food market are "Innova feed, Ynsect, Protix, Purina, Mars Incorporated, Agri Protein Holdings Ltd, Enterra, Endocycle, Beta Hatch, Ennoble, Healy Biotech, Next Protein, Scout & Zoe’s, Others.

Chapter 1. Methodology and Scope

1.1. Research Methodology

1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Insect-Based Pet Food Market Snapshot

Chapter 4. Global Insect-Based Pet Food Market Variables, Trends & Scope

4.1. Market Segmentation & Scope

4.2. Drivers

4.3. Challenges

4.4. Trends

4.5. Investment and Funding Analysis

4.6. Industry Analysis – Porter’s Five Forces Analysis

4.7. Competitive Landscape & Market Share Analysis

4.8. Impact of Covid-19 Analysis

Chapter 5. Market Segmentation 1: by Nature Type Estimates & Trend Analysis

5.1. by Nature Type & Market Share, 2019 & 2030

5.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2030 for the following by Nature Type:

5.2.1. Organic

5.2.2. Mannoprotein

5.2.3. Conventional

Chapter 6. Market Segmentation 2: by Source Estimates & Trend Analysis

6.1. by Source & Market Share, 2019 & 2030

6.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2030 for the following by Source:

6.2.1. Crickets

6.2.2. Mealworms

6.2.3. Black Soldier Flies

Chapter 7. Market Segmentation 3: by Product Type Estimates & Trend Analysis

7.1. by Product Type & Market Share, 2019 & 2030

7.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2030 for the following by Product Type:

7.2.1. Kibble/Dry

7.2.1.1. Extruded

7.2.1.2. Baked

7.2.1.3. Coated

7.2.2. Dehydrated Food

7.2.3. Treats and Chews

7.2.4. Freeze-Dried Raw

7.2.5. Wet Food

7.2.6. Frozen

7.2.7. Raw Food

7.2.8. Powder

7.2.9. Freeze-Dried Food

Chapter 8. Market Segmentation 4: by Pet Type Estimates & Trend Analysis

8.1. by Pet Type Type & Market Share, 2019 & 2030

8.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2030 for the following by Pet Type:

8.2.1. Cat

8.2.1.1. Kitten

8.2.1.2. Senior

8.2.2. Dog

8.2.2.1. Puppy

8.2.2.2. Adult

8.2.2.3. Senior

8.2.3. Birds

8.2.4. Others

Chapter 9. Market Segmentation 5: by Source Estimates & Trend Analysis

9.1. by Source & Market Share, 2019 & 2030

9.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2030 for the following by Source:

9.2.1. Store-based Retailing

9.2.1.1. Hypermarkets/Supermarkets

9.2.1.2. Convenience Stores

9.2.1.3. Mom and Pop Stores

9.2.1.4. Pet Stores

9.2.1.5. Discounters

9.2.1.6. Independent Grocery Retailers

9.2.1.7. Drugstores

9.2.1.8. Other Retail Formats

9.2.2. Online Retailers

Chapter 10. Insect-Based Pet Food Market Segmentation 6: Regional Estimates & Trend Analysis

10.1. North America

10.1.1. North America Insect-Based Pet Food Market Revenue (US$ Million) Estimates and Forecasts by Nature Type, 2022-2030

10.1.2. North America Insect-Based Pet Food Market Revenue (US$ Million) Estimates and Forecasts by Source, 2022-2030

10.1.3. North America Insect-Based Pet Food Market revenue (US$ Million) by Product Type, 2022-2030

10.1.4. North America Insect-Based Pet Food Market Revenue (US$ Million) Estimates and Forecasts by Pet Type, 2022-2030

10.1.5. North America Insect-Based Pet Food Market Revenue (US$ Million) Estimates and Forecasts by Distribution Channel, 2022-2030

10.1.6. North America Insect-Based Pet Food Market Revenue (US$ Million) Estimates and Forecasts by country, 2022-2030

10.2. Europe

10.2.1. Europe Insect-Based Pet Food Market revenue (US$ Million) by Nature Type, 2022-2030

10.2.2. Europe Insect-Based Pet Food Market revenue (US$ Million) by Source, 2022-2030

10.2.3. Europe Insect-Based Pet Food Market revenue (US$ Million) by Product Type, 2022-2030

10.2.4. Europe Insect-Based Pet Food Market revenue (US$ Million) by Pet, 2022-2030

10.2.5. Europe Insect-Based Pet Food Market revenue (US$ Million) by Distribution Channel, 2022-2030

10.2.6. Europe Insect-Based Pet Food Market revenue (US$ Million) by country, 2022-2030

10.3. Asia Pacific

10.3.1. Asia Pacific Insect-Based Pet Food Market revenue (US$ Million) by Nature Type, 2022-2030

10.3.2. Asia Pacific Insect-Based Pet Food Market revenue (US$ Million) by Source, 2022-2030

10.3.3. Asia-Pacific Insect-Based Pet Food Market revenue (US$ Million) by Product Type, 2022-2030

10.3.4. Asia Pacific Insect-Based Pet Food Market revenue (US$ Million) by Pet Type, 2022-2030

10.3.5. Asia-Pacific Insect-Based Pet Food Market revenue (US$ Million) by Distribution Channel, 2022-2030

10.3.6. Asia Pacific Insect-Based Pet Food Market revenue (US$ Million) by country, 2022-2030

10.4. Latin America

10.4.1. Latin America Insect-Based Pet Food Market revenue (US$ Million) by Nature Type, 2022-2030

10.4.2. Latin America Insect-Based Pet Food Market revenue (US$ Million) by Source, 2022-2030

10.4.3. Latin America Insect-Based Pet Food Market revenue (US$ Million) by Product Type, 2022-2030

10.4.4. Latin America Insect-Based Pet Food Market revenue (US$ Million) by Pet Type, 2022-2030

10.4.5. Latin America Insect-Based Pet Food Market revenue (US$ Million) by Distribution Channel, 2022-2030

10.4.6. Latin America Insect-Based Pet Food Market revenue (US$ Million) by country, 2022-2030

10.5. Middle East & Africa

10.5.1. Middle East & Africa Insect-Based Pet Food Market revenue (US$ Million) by Nature Type, 2022-2030

10.5.2. Middle East & Africa Insect-Based Pet Food Market revenue (US$ Million) by Source, 2022-2030

10.5.3. Middle East & Africa Insect-Based Pet Food Market revenue (US$ Million) by Product Type, 2022-2030

10.5.4. Middle East & Africa Insect-Based Pet Food Market revenue (US$ Million) by Pet Type, 2022-2030

10.5.5. Middle East & Africa Insect-Based Pet Food Market revenue (US$ Million) by Distribution Channel, 2022-2030

10.5.6. Middle East & Africa Insect-Based Pet Food Market revenue (US$ Million) by country, 2022-2030

Chapter 11. Competitive Landscape

11.1. Major Mergers and Acquisitions/Strategic Alliances

11.2. Company Profiles

11.2.1. Innovafeed

11.2.2. Ynsect

11.2.3. Protix

11.2.4. Purina

11.2.5. Mars Incorporated

11.2.6. Agri Protein Holdings Ltd

11.2.7. Enterra

11.2.8. Entocycle

11.2.9. Beta Hatch

11.2.10. Entobel

11.2.11. Hexafly Biotech

11.2.12. Next Protein

11.2.13. Scout & Zoe’s

11.2.14. Other Prominent Players

By Nature:

  • Organic
  • Mannoprotein
  • Conventional

By Source:

  • Crickets
  • Mealworms
  • Black Soldier Flies

By Product Type:

  • Kibble/Dry
  • Extruded
  • Baked
  • Coated
  • Dehydrated Food
  • Treats and Chews
  • Freeze-Dried Raw
  • Wet Food
  • Frozen
  • Raw Food
  • Powder
  • Freeze-Dried Food

By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

 

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