North America Insect Protein Market for Athletes Application by Insect Type (Crickets, Caterpillars, Beetles, Grasshopper, Locusts, Bees, Wasps & Ants, Scale Insects & Tree Bugs, Mealworms), By Application {Flour, Snacks, Protein Bars), Industry Analysis Report, Country Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2020-2026

Published Date: Dec 2020  |  Report ID: GMI4885  |  Authors: Kunal Ahuja, Harneet Mehar

Report Format: PDF   |   Pages: 169   |   Base Year: 2019




Summary Table of Contents Industry Coverage Methodology

Industry Trends

North America Insect Protein Market for Athletes Application size exceeded USD 8.5 million in 2019 and is estimated to register over 12.3% CAGR between 2020 and 2026. Increasing sports and athletic activities in North America to augment the market outlook.
 

North America Insect Protein Market for Athletes Application

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Insect protein is a good and cost-effective alternative to the conventional types of proteins used such as plant-based or animal proteins. Insect proteins are rich in proteins, vitamins & minerals and are considered nutritious & healthy. Insect protein is obtained from cultivated edible insects such as crickets, beetles, caterpillars, grasshoppers, locusts, and mealworms. The rising consumer awareness regarding personal health & fitness in North America is attracting the attention of sports persons and athletes toward higher protein intake to compensate the excessive energy consumption due to the increased physical activities this is likely to foster the industry growth.
 

Increasing sports activities in North America ascribed by the increasing sponsorships by major corporates to organize various sports events and the growing consumer focus on physical fitness & stability will foster the market trends. Favorable government policies in the U.S. such as the implementation of National Youth Sports Strategy, encouraging youngsters to opt for sports as their profession will augment the demand for protein. The sports market in North America was valued at USD 71.1 billion in 2018, indicating promising growth opportunities for the insect protein market in the region. According to the SFIA, the five fastest growing sports in the U.S. are: Lacrosse, Rugby, Field Hockey, Ice Hockey, and Cheerleading. The shift in consumer preference from plant or animal-based proteins to insect protein attributed to its high protein content and nutritional benefits to propel the North America insect protein market for athletes application growth during the forecast period.
 

The increasing inclination toward the consumption of nutrition-rich products on a daily basis has led to an increase in the consumption of insect-based protein. The ability of insect proteins provide the same nutritional balance as that of conventional plant and animal-based proteins along with equal amounts of amino acids necessary for built up of energy and a better sports performance is likely to attract attention of athletics and sports persons toward the consumption of insect proteins in the near future. The “healthy snacking” trend and the increasing demand for convenient food, coupled with health benefits, boosted the market statistics.
 

North America Insect Protein Market Report Coverage
Report Coverage Details
Base Year:2019
Market Size in 2019:USD 8.79 Million
Forecast Period:2020 to 2026
Forecast Period 2020 to 2026 CAGR:12.3%
2026 Value Projection:USD 19.80 Million
Historical Data for:2015 to 2019
No. of Pages:169
Tables, Charts & Figures:106
Segments covered:Raw Material and Application
Growth Drivers:
  • Low environmental impact and high nutrition content of insect proteins
  • Low cost of raw materials and transportation
  • Increasing sports activities in North America
Pitfalls & Challenges:
  • Limited technology and lack of knowledge

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Beetles being the richest source of protein are widely consumed edible insects as an alternative protein source in North America

North America Insect Protein Market For Athletes Application Revenue By Beetles

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The North America Insect Protein Market for Athletes Application is segmented by insect type into crickets, beetles, caterpillars, grasshoppers, locusts, bees, wasps & ants, scale insects & tree bugs, mealworms, and others. Beetles segment accounted for over USD 2.77 Million in 2019. Beetles are widely consumed as protein bars and snacks in North America owing to high protein content along with rich supply of calcium, iron, and zinc. Increasing demand for cost-effective and high-quality alternative protein source to conventional types of proteins used such as plant-based or animal proteins will augment the market share.
 

Changing consumer lifestyle, increasing spending capacity of people and rising consumer awareness regarding personal health & fitness in North America is driving higher protein intake. Insect protein is gaining traction during the recent past attributed to its advantages such as s low cost of raw materials, production, and transportation. Moreover, insect protein is considered environmentally sustainable as insect rearing emits lower greenhouse gas and lesser ammonia compared to livestock rearing.
 

Growing preference towards ready-to-eat food products and healthy-snaking habit in the U.S. to, driving the industry statistics

North America Insect Protein Market For Athletes Application Analysis from Snacks

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North America Insect Protein Market for Athletes Application is bifurcated on the basis of application as flour, protein bars, snacks and others. The health benefits associated with the insect-based products, such as the reduction in saturated fats and carbohydrates, are stipulated to fuel the market demand for the insect proteins. The North America Insect Protein Industry for Athletes Application from snacks segment was valued at over USD 2.31 million in 2019 and is set to witness robust growth during the forecast period attributed to high protein and high in nutrients content. Furthermore, athletes have higher energy needs making it harder to consume the required daily calories through daily meals. thus, they require multiple meals and snacks to fulfill their daily calories’ needs and this will lead to an acceleration in the demand for insect proteins in the snacks market.
 

Increasing sports activities coupled with increased awareness regarding physical activities in the U.S. to stimulate industry growth in North America

North America Insect Protein Market For Athletes Application Revenue

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The Canadian Insect Protein Market for Athletes Application was valued at over USD 1.08 million in 2019 and will witness steady growth during forecast period, driven by increasing insect rearing and product adoption among customers. The increasing sports and athletic activities lead to the increased consumption of energy and higher requirement of proteins for athletes & sports persons, which is expected to raise the demand for insect proteins from athletic application.
 

Acquisition and product launch are among the key strategies adopted by industry participants to enhance the competitiveness

Key players operating in the market are Aspire Food Group, Proti-Farm Holding N.V., Nutribug Ltd, Cricket Flours, Bugsolutely Ltd., Entomo Farms, Bitty Foods Inc, Thailand Unique, Haocheng Mealworms, Six Foods, Coast Protein inc, Hargol Foodtech, 3 Cricketeers, Yes Crickets, Earthproof Protein, Landish, Naak, Jurassic Snacks, Insectitos and All Things Bugs. North America insect protein market for Athletes application is highly fragmented owing to presence of large number of players.
 

In July 2020, Aspire Food Group purchased 12 acres of land in Ontario, Canada for the construction of the world’s largest automated, food grade cricket processing facility. This initiative is aimed at promoting and delivering excellent value protein over conventional protein.
 

In Dec 2019, the Proti-Farm Holding N.V launched new product AdalbaPro at Food ingredients, it is dairy-free protein shake, juicy insect-protein burger, protein-enriched cookie. This initiative was taken to improve the strength of the company’s portfolio.
 

In February 2018, the company developed a 100 percent pure insect powder, which is used for a variety of food applications. The insect powders are rich in fiber, vitamins, minerals, and healthy fatty acids, which are used to enhance the characteristics of food.
 

The North America Insect Protein Market for Athletes Application research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in tons & revenue in USD Million from 2015 to 2026 for the following segments.
 

By Insect Type

  • Crickets
  • Beetles
  • Mealworms
  • Caterpillars
  • Grasshopper, Locusts
  • Bees, Wasps & Ants
  • Scale Insects & True Bugs

By Application

  • Flour
  • Protein Bars
  • Snacks

By Country

  • U.S
  • Canada
  • Mexico
     

Frequently Asked Questions (FAQ) :

The insect protein industry share for athletes application in North America was over USD 8.5 million in 2019 and will record a CAGR of more than 12.3% up to 2026.
The market share from beetles segment in 2019 had reached USD 2.77 million in North America for the production snacks and protein bars with high content of iron, calcium and zinc.
The regional insect protein industry from athletes application gathered over USD 2.31 million from the snacks segment in 2019 and will grow owing to high protein and other nutrients content.
Canada insect protein industry for athletes application hit USD 1.08 million in 2019 and will expand due to the rise in energy products consumption during athletic activities.

Premium Report Details

  • Published Date: Dec 2020
  • Pages: 169
  • Tables: 74
  • Charts / Figures: 32
  • Companies covered: 20
  • Countries covered: 3

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