Reliable Europe Insect Protein Market  Reports serve as an ideal solution for better market understanding and high business growth. It has become imperative in this rapidly changing market to take alert reports that alert you to the surrounding market conditions. This market report consists of a series of factors that have an influence on the market and industry, namely industry insights and critical success factors (CSF), market segmentation and value chain analysis, industry dynamics, drivers, obstacles, key opportunities, technology and application prospects, country level analysis and regional, competitive landscape, company market share analysis, and key company profiles.

Extensive research was conducted in the Europe Insect Protein Market report involving thorough primary interviews with key customers, understanding their preferences and unmet needs. The base year of calculation in the report is taken in 2022 and the historic year is 2021 which will tell how the Europe Insect Protein s Market will perform in the forecast year by informing the definition, classification, application and involvement of the market. Market studies help in making sales estimates of its products and thereby, establishing a harmonious adjustment between demand and supply of its products. Global Europe Insect Protein Market Report serves to be an ideal solution for better understanding of the market.

Data Bridge Market Research analyzes that the Europe insect protein market is expected to reach the value of USD 1,081,464.59 thousand by 2030, growing at a CAGR of 28.9% during the forecast period of 2023 to 2030.

Explore Further Details about This Research Europe Insect Protein Market Report https://www.databridgemarketresearch.com/reports/europe-insect-protein-market

Market Definition

The protein obtained from an insect is known as insect protein. There are many edible varieties of insects that contain high-quality protein, vitamins, amino acids, unsaturated fatty acids, and minerals. These insects are processed and utilized in applications such as food & beverages, feed, pet food, pharmaceutical, and cosmetic sectors. Insects have more amount of protein in comparison to conventional sources of protein such as beef, poultry, and pork). They have a high feed conversion efficiency ratio and also require less amount of water. Moreover, they also produce 80 times less methane than ruminants. They not only provide more amount of protein but also provide high-quality protein that can be used in the food products such as cookies, breads, desserts, soups, chips, and other snacks.

Europe Insect Protein Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints, and challenges. All of this is discussed in detail below:

Drivers

• Growing demand for alternative protein sources

In Europe, the demand for alternative protein sources is increasing and food manufacturers are trying to capture the evolving market. Earlier, meat products were considered the main source of protein, however, with changing consumer preferences and rising concern for health and the environment, the demand for alternative protein sources has increased.

For instance,

• According to the UN Population Division, the world population is expected to reach 9.7 billion in 2050 and 10.3 billion by 2100. Furthermore, the UN Food and Agriculture Organization (FAO) warns that to meet the new demand, food production will need to increase by 70%

However, future protein production must avoid exacerbating climate change, as the conventional livestock industry is under increasing scrutiny for its high greenhouse gas emissions. With localized feeding cycles, insect protein developers believe they can help feed the planet sustainably.

• Rising awareness about the benefits of insect proteins

Consumption of insects is known as entomophagy and it is practiced in various countries across the world as a part of traditional diet. Due to multiple benefits associated with the consumption of insects such as weight management, fighting malnutrition, and improving gut health, its demand has been increasing rapidly.

The eating of insects has gradually expanded as the benefits have become widely publicized. There are around 2,000 edible species recognized. Adult crickets have a protein content of 65% by weight, which is more than beef (23%) and tofu (8%). Insects transform their feed into energy significantly more efficiently than conventional cattle. Adult crickets and mealworm larvae require 5-10 times less feed than calves to gain the same amount of weight. Insects are also cold-blooded, so they do not use their metabolism to heat or cool themselves, decreasing energy, and food consumption even further.

Restraints

• Lower consumer acceptance level

Despite the numerous benefits of insects as a protein source, consumer acceptance remains low especially in developed countries as the majority of people view insects as disgusting, and neophobia (emotion of disgust) is difficult to eliminate from the people. Furthermore, Europeans consider the consumption of insects or insect products to be associated with poor countries, therefore, avoid it, although insects are still accepted to a certain level in countries such as Belgium and France.

In Europe, consumer adoption of insect proteins is now lower than in other places such as Asia and Africa. This is because a variety of cultural and societal factors influence dietary choices and perceptions. In many European countries, insects are considered pests and are not historically consumed as food. As a result, many people may find the thought of eating insects distasteful. Furthermore, there may be concerns about the safety and long-term viability of insect farming practices, which are expected to restrain market growth.

• Lack of automated farming methods

Insect farming is a very labor-intensive process as insects are very delicate and when the new hatching comes out, they need to be fed several times a day and they need to be cleaned also, which requires a lot of manual labor.

Further, during the harvesting of insect, only live insect needs to be collected, which is also a tedious process. Thus, the lack of automation in insect rearing has limited the production volume of insects and is expected to limit the market growth until some automation comes in the future. There are manufacturers such as GEA Group and Buhler AG that do provide some technological solutions for rearing and processing insects but still, these technologies need to be updated so that they can be used for a variety of different insects that have different shapes and sizes.

Key questions answered in the Europe Insect Protein Market are: 

• What is Europe Insect Protein Market?
• What was the Europe Insect Protein Market size in 2022?
• What are the different segments of the Europe Insect Protein Market?
• What growth strategies are the players considering to increase their presence in Europe Insect Protein Market?
• What are the upcoming industry applications and trends for the Europe Insect Protein Market?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Europe Insect Protein Market?
• What major challenges could the Europe Insect Protein Market face in the future?
• What segments are covered in the Europe Insect Protein Market?
• Who are the leading companies and what are their portfolios in Europe Insect Protein Market?
• What segments are covered in the Europe Insect Protein Market?
• Who are the key players in the Europe Insect Protein Market?

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