Middle East & Africa Insect Protein Market Size & Outlook
Middle East & Africa insect protein market, 2017-2028 (US$M)
Related Markets
MEA insect protein market highlights
- The MEA insect protein market generated a revenue of USD 7.8 million in 2020.
- The market is expected to grow at a CAGR of 25.9% from 2021 to 2028.
- In terms of segment, coleoptera was the largest revenue generating source in 2020.
- Orthoptera is the most lucrative source segment registering the fastest growth during the forecast period.
- Country-wise, UAE is expected to register the highest CAGR from 2021 to 2028.
MEA data book summary
| Market revenue in 2020 | USD 7.8 million |
| Market revenue in 2028 | USD 49.1 million |
| Growth rate | 25.9% (CAGR from 2020 to 2028) |
| Largest segment | Coleoptera |
| Fastest growing segment | Orthoptera |
| Historical data covered | 2017 - 2019 |
| Base year for estimation | 2020 |
| Forecast period covered | 2021 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Coleoptera, Lepidoptera, Hymenoptera, Orthoptera, Hemiptera, Diptera |
| Key market players worldwide | Darling Ingredients Inc, InnovaFeed, Ynsect, Hexafly, Protix, Aspire Food Group, Chapul Cricket Protein, Nutrition Technologies, Entomo Farms, Goterra |
Other key industry trends
- In terms of revenue, MEA region accounted for 3.1% of the global insect protein market in 2020.
- Globally, North America is projected to lead the regional market in terms of revenue in 2028.
- North America is the fastest growing regional market and is projected to reach USD 645.5 million by 2028.
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Insect Protein Market Scope
Insect Protein Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa insect protein market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to insect protein market will help companies and investors design strategic landscapes.
Coleoptera was the largest segment with a revenue share of 35.9% in 2020. Horizon Databook has segmented the Middle East & Africa insect protein market based on coleoptera, lepidoptera, hymenoptera, orthoptera, hemiptera, diptera covering the revenue growth of each sub-segment from 2017 to 2028.
- Middle East & Africa Insect Protein Source Outlook (Revenue, USD Million, 2017-2028)
- Coleoptera
- Lepidoptera
- Hymenoptera
- Orthoptera
- Hemiptera
- Diptera
- Others
- Middle East & Africa Insect Protein Application Outlook (Revenue, USD Million, 2017-2028)
- Food & Beverages
- Animal Nutrition
- Pharmaceutical & Supplements
- Personal Care and Cosmetics
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Target buyers of Middle East & Africa insect protein market databook
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Our clientele includes a mix of insect protein market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa insect protein market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa insect protein market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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MEA insect protein market size, by country, 2017-2028 (US$M)
Middle East & Africa Insect Protein Market Outlook Share, 2020 & 2028 (US$M)
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