Insect-based Pet Food Market to Witness a Pronounce Growth During 2023

PRESS RELEASE
Published February 7, 2023

Global Insect-based Pet Food report from Global Insight Services is the single authoritative source of intelligence on Insect-based Pet Food market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

Insect-based pet food is a type of pet food that contains insects as the primary source of protein. Insects are a nutritious and sustainable source of protein for pets, and they offer many health benefits over traditional sources of animal protein, such as beef, chicken, and pork. Insect-based pet food is typically high in protein and low in fat, and it is an excellent source of essential nutrients like iron, zinc, and vitamin B12. Many pet owners are choosing to switch to insect-based pet food to improve their pet’s health and to reduce their environmental impact.

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MARKET SEGMENTS

The Insect-based Pet Food Market is segmented by nature, source, product type and region. By nature, the market is divided into organic, monoprotein, and conventional. Based on source, it is bifurcated into crickets, mealworms, and black soldier flies. On the basis of product type, it is classified into kibble/dry, dehydrated food, frozen, raw food, and powder. Region-wise, the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.

KEY PLAYERS

The Insect-based Pet Food Market includes players such as InnovafeedYnsectProtixPurinaMars IncorporatedAgri Protein Holdings LtdEnterraEntocycleBeta Hatch and Entobel.

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KEY DRIVERS

Insect-based pet food is a new and emerging market. The key drivers of this market are the health benefits associated with insect protein, the sustainability of insect farming, and the increasing trend of pet owners looking for alternative protein sources for their pets.

Insects are a highly nutritious source of protein, containing all the essential amino acids, vitamins, and minerals needed by dogs and cats. Insects are also more easily digestible than other protein sources, making them a good option for pets with allergies or sensitivities. Insects are also a sustainable source of protein, as they require less land, water, and feed than traditional livestock.

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