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Edible Insect for Animal Feed Market Report Scope And Overview:

The Edible Insect for Animal Feed Market size was USD 4.95 billion in 2022 and is expected to Reach USD 69.37 billion by 2030 and grow at a CAGR of 39.1% over the forecast period of 2023-2030. 

Edible insect for animal feed is a term used to describe the use of insects as a protein source in animal diets. Insects are a highly healthy food source since they are high in protein, fat, vitamins, and minerals. They're also extremely simple to grow and harvest, making them a more sustainable and environmentally friendly alternative to traditional protein sources like fishmeal and soybean meal.

Edible Insect for Animal Feed Market Revenue Analysis

Based on insect type, the mealworm insect type segment accounted for 52.6% of the edible insects for the animal feed market in 2022. Mealworms are in high demand due to factors such as their high nutritional value and little danger of zoonotic infections. Mealworms are a sustainable alternative, and the feces produced by animals that consume mealworms is an excellent organic fertilizer.

MARKET DYNAMICS

KEY DRIVERS

  • Growing demand for sustainable protein sources

Traditional protein sources such as fishmeal and soybean meal are becoming more expensive and less sustainable. Edible insects offer a sustainable solution to the growing demand for protein. Also, they are a good source of protein, fat, vitamins, and minerals. They can be used to feed a wide range of animals, including poultry, swine, fish, and pets. The growing demand for sustainable protein sources is driving investment in insect farming and the development of new insect-based feed products. This is expected to fuel the growth of edible insects for the animal feed market in the coming years.

RESTRAIN

  • Animal welfare concerns

Insect farming is still a relatively new industry, and there is a lack of research on the environmental impact of insect farming at scale. The main animal welfare concern associated with insect farming is the conditions in which insects are raised and slaughtered. Insects are often raised in crowded and unsanitary conditions. They are also often slaughtered using methods that are considered inhumane. The edible insect for animal feed industry is still in its early stages of development, and there is a need for more research on the environmental and animal welfare impacts of insect farming.

  • Consumer acceptance

OPPORTUNITY

  • Increase in production capacity and investment in animal feed

Edible insects are a protein source that is both sustainable and environmentally friendly. Traditional protein sources require more land, water, and energy to manufacture. Population growth and rising affluence are driving up global demand for animal protein. This puts a strain on traditional protein sources like fishmeal and soybean meal. Insect farming is seeing increased investment, which is assisting in increasing production capacity and lowering costs. With the increased production capacity and investment in animal feed, edible insect-based feed is becoming more economical and available to producers. This is fueling demand for edible insect-based feed products from a wide range of industries, including chicken, swine, fish, and pet food.

CHALLENGES

  • The cost of producing insect-based feed 

Insect-based feed is now more expensive than standard protein sources like fishmeal and soybean meal. The expense of building and operating insect farming facilities is relatively high. Insects are often fed on food waste, which can be costly to collect and transport. The expense of harvesting insects and preparing them, such as drying and grinding them into powder before they can be utilized as feed. This can be an expensive process.

IMPACT OF RUSSIA UKRAINE WAR

Russia and Ukraine are major suppliers of wheat and other grains used as bug feed. The disruption in the supply of these grains brought about by the war has increased the expense of making insect-based feed. The supply of Wheat and other grains used to feed insects has been reduced demand by 25%. Furthermore, the war has created prices and economic uncertainty. This has made it more difficult for edible insect-based enterprises to obtain financial support and engage in new expansion efforts. Since the start of the war, the price of insect-based feed has risen by 20%.

 IMPACT OF ONGOING RECESSION

Insect-based feed is a more sustainable and cost-effective protein source than fishmeal and soybean meal. But in recession, this is likely to stimulate demand for insect-based feed. Traditional protein sources such as fishmeal and soybean meal may pose significant competition for businesses in the edible insect industry. The cost of insect-based feed has increased by 15% since the start of the war. This makes edible insects used in animal feed are expensive, customers may spend less on beef, pig, chicken, and other animal products resulting in high pricing, thus they may prefer less expensive feed. Also, investment in the edible insect industry has decreased by 10%.

MARKET SEGMENTATION

by insect Type

  • Black Soldier Fly

  • Mealworm

  • Housefly

  • Silkworm

  • Orthoptera

  • Others

by Product Type

  • Meal Powder

  • Oil

  • Whole Dried

by End-use

  • Livestock

    • Poultry

    • Swine

  • Pet Food

  • Aquaculture

Edible Insect for Animal Feed Market Segmentation Analysis

REGIONAL ANALYSIS

Europe is expected to hold the leading 34.5% share of the edible insect market for animal feed in 2022. This region has a rising demand for edible insects in the animal feed sector, as well as the stringent regulation regarding the use of insect protein in feed products for pigs, poultry, and fish, creates significant potential in the region's edible insects for the animal feed market.

North America is expected to account for nearly 33% of the edible insects for the animal feed market in 2022.  The market is being driven by the increasing demand for sustainable protein sources and the growing awareness of the benefits of edible insects.

The Asia Pacific region is the largest and fastest-growing market for edible insects for animal feed. The growing population, the increasing demand for meat and other animal products, and the rising awareness of the benefits of edible insects are some of the key factors driving the growth of the market.

Latin America and Middle East & Africa are expected to witness moderate growth during the forecast period. The lack of awareness about the benefits of edible insects and the limited number of established players in these regions are some of the key factors restraining the growth of the market in these regions.

REGIONAL COVERAGE

North America

  • US

  • Canada

  • Mexico

Europe

  • Eastern Europe

    • Poland

    • Romania

    • Hungary

    • Turkey

    • Rest of Eastern Europe

  • Western Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Netherlands

    • Switzerland

    • Austria

    • Rest of Western Europe

Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Vietnam

  • Singapore

  • Australia

  • Rest of Asia Pacific

Middle East & Africa

  • Middle East

    • UAE

    • Egypt

    • Saudi Arabia

    • Qatar

    • Rest of Middle East

  • Africa

    • Nigeria

    • South Africa

    • Rest of Africa

Latin America

  • Brazil

  • Argentina

  • Colombia

  • Rest of Latin America

KEY PLAYERS

Some major key players in the Edible Insect for Animal Feed Market are Enviroflight, Agri Protein, Enterra Feed, Ynsect, Protix, Proti-Farm, Bioflytech, Entomotech, Nordic Insect Economy, Co-Prot, Entomo Farms, Deli Bugs, InnovaFeed, Kreca, and other key players.

Enviroflight-Company Financial Analysis

RECENT DEVELOPMENTS

In April 2023, Sumitomo Corp. of Japan will become the country's first significant trading house to sell insect-based feed for farmed fish later this year. Amid decarbonization initiatives, insects are gaining global attention as a valuable source of protein. By 2030, the company hopes to import and sell 30,000 tonnes of bug feed.

In March 2022, Ynsect, a French distributor of edible insects for human and animal feed, announced the acquisition of US mealworm manufacturer Jord Producers, strengthening its reach in the thriving US pet food sector. Jord Producers, based in Nebraska, will enable it to access the rapidly increasing backyard chicken feed business.

In October 2021, Aspire Food Group announced the development of a new automated cricket processing factory in Ontario and London, Canada. With this investment, the company would be able to create 10,000 tonnes of cricket-based products every year.

Edible Insect for Animal Feed Market Report Scope:
Report Attributes Details
Market Size in 2022  US$ 4.95 Billion
Market Size by 2030  US$ 69.37 Billion
CAGR   CAGR of 39.1 % From 2023 to 2030
Base Year 2022
Forecast Period  2023-2030
Historical Data  2019-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By insect Type (Black Soldier Fly, Housefly, Orthoptera, Mealworm, Silkworm, Others)
• By Product Insect Type (Meal Powder, Oil, Whole Dried)
• By End-use (Livestock, Pet Food, Aquaculture)
Regional Analysis/Coverage North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America)
Company Profiles Enviroflight, Agri Protein, Enterra Feed, Ynsect, Protix, Proti-Farm, Bioflytech, Entomotech, Nordic Insect Economy, Co-Prot, Entomo Farms, Deli Bugs, InnovaFeed, Kreca
Key Drivers • Growing demand for sustainable protein sources
Market Opportunity • Increase in production capacity and investment in animal feed

 

Frequently Asked Questions

Ans: Edible Insect for Animal Feed Market is anticipated to expand by 39.1% from 2023 to 2030.

Ans: Edible Insect for Animal Feed Market size was valued at USD 4.95 billion in 2022

Ans: The European region dominated the Edible Insects for Animal Feed Market in 2022.

Ans: Increase in production capacity and investment in animal feed are the opportunities for the Edible Insects for the Animal Feed Market.

Ans:  Animal welfare concerns and consumer acceptance are the restraints of the Edible Insect for Animal Feed Market.

Table of Contents

1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges

4. Impact Analysis
4.1 Impact of the Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on Major Economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7. PEST Analysis

8. Edible Insect for Animal Feed Market Segmentation, By Insect Type
8.1 Black Soldier Fly
8.2 Mealworm
8.3 Housefly
8.4 Silkworm
8.5 Orthoptera
8.6 Others

9. Edible Insect for Animal Feed Market Segmentation, By Product Type
9.1 Meal Powder
9.2 Oil
9.3 Whole Dried

10. Edible Insect for Animal Feed Market Segmentation, By End-use
10.1 Livestock
10.1.1 Poultry
10.1.2 Swine
10.2 Pet Food
10.3 Aquaculture

11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 North America Edible Insect for Animal Feed Market by Country
11.2.2 North America Edible Insect for Animal Feed Market by Insect Type
11.2.3 North America Edible Insect for Animal Feed Market by Product Type
11.2.4 North America Edible Insect for Animal Feed Market by End-use
11.2.5 USA
11.2.5.1 USA Edible Insect for Animal Feed Market by Insect Type
11.2.5.2 USA Edible Insect for Animal Feed Market by Product Type
11.2.5.3 USA Edible Insect for Animal Feed Market by End-use
11.2.6 Canada
11.2.6.1 Canada Edible Insect for Animal Feed Market by Insect Type
11.2.6.2 Canada Edible Insect for Animal Feed Market by Product Type
11.2.6.3 Canada Edible Insect for Animal Feed Market by End-use
11.2.7 Mexico
11.2.7.1 Mexico Edible Insect for Animal Feed Market by Insect Type
11.2.7.2 Mexico Edible Insect for Animal Feed Market by Product Type
11.2.7.3 Mexico Edible Insect for Animal Feed Market by End-use
11.3 Europe
11.3.1 Eastern Europe
11.3.1.1 Eastern Europe Edible Insect for Animal Feed Market by Country
11.3.1.2 Eastern Europe Edible Insect for Animal Feed Market by Insect Type
11.3.1.3 Eastern Europe Edible Insect for Animal Feed Market by Product Type
11.3.1.4 Eastern Europe Edible Insect for Animal Feed Market by End-use
11.3.1.5 Poland
11.3.1.5.1 Poland Edible Insect for Animal Feed Market by Insect Type
11.3.1.5.2 Poland Edible Insect for Animal Feed Market by Product Type
11.3.1.5.3 Poland Edible Insect for Animal Feed Market by End-use
11.3.1.6 Romania
11.3.1.6.1 Romania Edible Insect for Animal Feed Market by Insect Type
11.3.1.6.2 Romania Edible Insect for Animal Feed Market by Product Type
11.3.1.6.4 Romania Edible Insect for Animal Feed Market by End-use
11.3.1.7 Turkey
11.3.1.7.1 Turkey Edible Insect for Animal Feed Market by Insect Type
11.3.1.7.2 Turkey Edible Insect for Animal Feed Market by Product Type
11.3.1.7.3 Turkey Edible Insect for Animal Feed Market by End-use
11.3.1.8 Rest of Eastern Europe
11.3.1.8.1 Rest of Eastern Europe Edible Insect for Animal Feed Market by Insect Type
11.3.1.8.2 Rest of Eastern Europe Edible Insect for Animal Feed Market by Product Type
11.3.1.8.3 Rest of Eastern Europe Edible Insect for Animal Feed Market by End-use
11.3.2 Western Europe
11.3.2.1 Western Europe Edible Insect for Animal Feed Market by Insect Type
11.3.2.2 Western Europe Edible Insect for Animal Feed Market by Product Type
11.3.2.3 Western Europe Edible Insect for Animal Feed Market by End-use
11.3.2.4 Germany
11.3.2.4.1 Germany Edible Insect for Animal Feed Market by Insect Type
11.3.2.4.2 Germany Edible Insect for Animal Feed Market by Product Type
11.3.2.4.3 Germany Edible Insect for Animal Feed Market by End-use
11.3.2.5 France
11.3.2.5.1 France Edible Insect for Animal Feed Market by Insect Type
11.3.2.5.2 France Edible Insect for Animal Feed Market by Product Type
11.3.2.5.3 France Edible Insect for Animal Feed Market by End-use
11.3.2.6 UK
11.3.2.6.1 UK Edible Insect for Animal Feed Market by Insect Type
11.3.2.6.2 UK Edible Insect for Animal Feed Market by Product Type
11.3.2.6.3 UK Edible Insect for Animal Feed Market by End-use
11.3.2.7 Italy
11.3.2.7.1 Italy Edible Insect for Animal Feed Market by Insect Type
11.3.2.7.2 Italy Edible Insect for Animal Feed Market by Product Type
11.3.2.7.3 Italy Edible Insect for Animal Feed Market by End-use
11.3.2.8 Spain
11.3.2.8.1 Spain Edible Insect for Animal Feed Market by Insect Type
11.3.2.8.2 Spain Edible Insect for Animal Feed Market by Product Type
11.3.2.8.3 Spain Edible Insect for Animal Feed Market by End-use
11.3.2.9 Netherlands
11.3.2.9.1 Netherlands Edible Insect for Animal Feed Market by Insect Type
11.3.2.9.2 Netherlands Edible Insect for Animal Feed Market by Product Type
11.3.2.9.3 Netherlands Edible Insect for Animal Feed Market by End-use
11.3.2.10 Switzerland
11.3.2.10.1 Switzerland Edible Insect for Animal Feed Market by Insect Type
11.3.2.10.2 Switzerland Edible Insect for Animal Feed Market by Product Type
11.3.2.10.3 Switzerland Edible Insect for Animal Feed Market by End-use
11.3.2.11.1 Austria
11.3.2.11.2 Austria Edible Insect for Animal Feed Market by Insect Type
11.3.2.11.3 Austria Edible Insect for Animal Feed Market by Product Type
11.3.2.11.4 Austria Edible Insect for Animal Feed Market by End-use
11.3.2.12 Rest of Western Europe
11.3.2.12.1 Rest of Western Europe Edible Insect for Animal Feed Market by Insect Type
11.3.2.12.2 Rest of Western Europe Edible Insect for Animal Feed Market by Product Type
11.3.2.12.3 Rest of Western Europe Edible Insect for Animal Feed Market by End-use
11.4 Asia-Pacific
11.4.1 Asia-Pacific Edible Insect for Animal Feed Market by Country
11.4.2 Asia-Pacific Edible Insect for Animal Feed Market by Insect Type
11.4.3 Asia-Pacific Edible Insect for Animal Feed Market by Product Type
11.4.4 Asia-Pacific Edible Insect for Animal Feed Market by End-use
11.4.5 China
11.4.5.1 China Edible Insect for Animal Feed Market by Insect Type
11.4.5.2 China Edible Insect for Animal Feed Market by End-use
11.4.5.3 China Edible Insect for Animal Feed Market by Product Type
11.4.6 India
11.4.6.1 India Edible Insect for Animal Feed Market by Insect Type
11.4.6.2 India Edible Insect for Animal Feed Market by Product Type
11.4.6.3 India Edible Insect for Animal Feed Market by End-use
11.4.7 Japan
11.4.7.1 Japan Edible Insect for Animal Feed Market by Insect Type
11.4.7.2 Japan Edible Insect for Animal Feed Market by Product Type
11.4.7.3 Japan Edible Insect for Animal Feed Market by End-use
11.4.8 South Korea
11.4.8.1 South Korea Edible Insect for Animal Feed Market by Insect Type
11.4.8.2 South Korea Edible Insect for Animal Feed Market by Product Type
11.4.8.3 South Korea Edible Insect for Animal Feed Market by End-use
11.4.9 Vietnam
11.4.9.1 Vietnam Edible Insect for Animal Feed Market by Insect Type
11.4.9.2 Vietnam Edible Insect for Animal Feed Market by Product Type
11.4.9.3 Vietnam Edible Insect for Animal Feed Market by End-use
11.4.10 Singapore
11.4.10.1 Singapore Edible Insect for Animal Feed Market by Insect Type
11.4.10.2 Singapore Edible Insect for Animal Feed Market by Product Type
11.4.10.3 Singapore Edible Insect for Animal Feed Market by End-use
11.4.11 Australia
11.4.11.1 Australia Edible Insect for Animal Feed Market by Insect Type
11.4.11.2 Australia Edible Insect for Animal Feed Market by Product Type
11.4.11.3 Australia Edible Insect for Animal Feed Market by End-use
11.4.12 Rest of Asia-Pacific
11.4.12.1 Rest of Asia-Pacific Edible Insect for Animal Feed Market by Insect Type
11.4.12.2 Rest of Asia-Pacific Edible Insect for Animal Feed Market by Product Type
11.4.12.3 Rest of Asia-Pacific Edible Insect for Animal Feed Market by End-use
11.5 Middle East & Africa
11.5.1 Middle East
11.5.1.1 Middle East Edible Insect for Animal Feed Market by Country
11.5.1.2 Middle East Edible Insect for Animal Feed Market by Insect Type
11.5.1.3 Middle East Edible Insect for Animal Feed Market by Product Type
11.5.1.4 Middle East Edible Insect for Animal Feed Market by End-use
11.5.1.5 UAE
11.5.1.5.1 UAE Edible Insect for Animal Feed Market by Insect Type
11.5.1.5.2 UAE Edible Insect for Animal Feed Market by Product Type
11.5.1.5.3 UAE Edible Insect for Animal Feed Market by End-use
11.5.1.6 Egypt
11.5.1.6.1 Egypt Edible Insect for Animal Feed Market by Insect Type
11.5.1.6.2 Egypt Edible Insect for Animal Feed Market by Product Type
11.5.1.6.3 Egypt Edible Insect for Animal Feed Market by End-use
11.5.1.7 Saudi Arabia
11.5.1.7.1 Saudi Arabia Edible Insect for Animal Feed Market by Insect Type
11.5.1.7.2 Saudi Arabia Edible Insect for Animal Feed Market by Product Type
11.5.1.7.3 Saudi Arabia Edible Insect for Animal Feed Market by End-use
11.5.1.8 Qatar
11.5.1.8.1 Qatar Edible Insect for Animal Feed Market by Insect Type
11.5.1.8.2 Qatar Edible Insect for Animal Feed Market by Product Type
11.5.1.8.3 Qatar Edible Insect for Animal Feed Market by End-use
11.5.1.9 Rest of Middle East
11.5.1.9.1 Rest of Middle East Edible Insect for Animal Feed Market by Insect Type
11.5.1.9.2 Rest of Middle East Edible Insect for Animal Feed Market by Product Type
11.5.1.9.3 Rest of Middle East Edible Insect for Animal Feed Market by End-use
11.5.2 Africa
11.5.2.1 Africa Edible Insect for Animal Feed Market by Country
11.5.2.2 Africa Edible Insect for Animal Feed Market by Insect Type
11.5.2.3 Africa Edible Insect for Animal Feed Market by Product Type
11.5.2.4 Africa Edible Insect for Animal Feed Market by End-use
11.5.2.5 Nigeria
11.5.2.5.1 Nigeria Edible Insect for Animal Feed Market by Insect Type
11.5.2.5.2 Nigeria Edible Insect for Animal Feed Market by Product Type
11.5.2.5.3 Nigeria Edible Insect for Animal Feed Market by End-use
11.5.2.6 South Africa
11.5.2.6.1 South Africa Edible Insect for Animal Feed Market by Insect Type
11.5.2.6.2 South Africa Edible Insect for Animal Feed Market by Product Type
11.5.2.6.3 South Africa Edible Insect for Animal Feed Market by End-use
11.5.2.7 Rest of Africa
11.5.2.7.1 Rest of Africa Edible Insect for Animal Feed Market by Insect Type
11.5.2.7.2 Rest of Africa Edible Insect for Animal Feed Market by Product Type
11.5.2.7.3 Rest of Africa Edible Insect for Animal Feed Market by End-use
11.6 Latin America
11.6.1 Latin America Edible Insect for Animal Feed Market by Country
11.6.2 Latin America Edible Insect for Animal Feed Market by Insect Type
11.6.3 Latin America Edible Insect for Animal Feed Market by Product Type
11.6.4 Latin America Edible Insect for Animal Feed Market by End-use
11.6.5 Brazil
11.6.5.1 Brazil Edible Insect for Animal Feed Market by Insect Type
11.6.5.2 Brazil Edible Insect for Animal Feed Market by Product Type
11.6.5.3 Brazil Edible Insect for Animal Feed Market by End-use
11.6.6 Argentina
11.6.6.1 Argentina Edible Insect for Animal Feed Market by Insect Type
11.6.6.2 Argentina Edible Insect for Animal Feed Market by Product Type
11.6.6.3 Argentina Edible Insect for Animal Feed Market by End-use
11.6.7 Colombia
11.6.7.1 Colombia Edible Insect for Animal Feed Market by Insect Type
11.6.7.2 Colombia Edible Insect for Animal Feed Market by Product Type
11.6.7.3 Colombia Edible Insect for Animal Feed Market by End-use
11.6.8 Rest of Latin America
11.6.8.1 Rest of Latin America Edible Insect for Animal Feed Market by Insect Type
11.6.8.2 Rest of Latin America Edible Insect for Animal Feed Market by Product Type
11.6.8.3 Rest of Latin America Edible Insect for Animal Feed Market by End-use

12.Company profile
12.1 Enviroflight
12.1.1 Company Overview
12.1.2 Financial
12.1.3 Products/ Services Offered
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 Agri Protein
12.2.1 Company Overview
12.2.2 Financials
12.2.3 Product/Services Offered
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 Enterra Feed
12.3.1 Company Overview
12.3.2 Financials
12.3.3 Product/Services Offered
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 Ynsect
12.4.1 Company Overview
12.4.2 Financials
12.4.3 Product/Services Offered
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 Protix
12.5.1 Company Overview
12.5.2 Financials
12.5.3 Product/Services Offered
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 Proti-Farm
12.6.1 Company Overview
12.6.2 Financials
12.6.3 Product/Services Offered
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 Bioflytech
12.7.1 Company Overview
12.7.2 Financials
12.7.3 Product/Services Offered
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 Entomotech
12.8.1 Company Overview
12.8.2 Financials
12.8.3 Product/Services Offered
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 Nordic Insect Economy
12.9.1 Company Overview
12.9.2 Financials
12.9.3 Product/Services Offered
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 Co-Prot
12.10.1 Company Overview
12.10.2 Financials
12.10.3 Product/Services Offered
12.10.4 SWOT Analysis
12.10.5 The SNS View
12.11 Entomo Farms
12.11.1 Company Overview
12.11.2 Financials
12.11.3 Product/Services Offered
12.11.4 SWOT Analysis
12.11.5 The SNS View
12.12 Deli Bugs
12.12.1 Company Overview
12.12.2 Financials
12.12.3 Product/Services Offered
12.12.4 SWOT Analysis
12.12.5 The SNS View
12.13 Kreca
12.13.1 Company Overview
12.13.2 Financials
12.13.3 Product/Services Offered
12.13.4 SWOT Analysis
12.13.5 The SNS View

13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquisitions

14. Use Case and Best Practices

15. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.

 

The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.

Data Bank Validation

Step 4: QA/QC Process

After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.

Step 5: Final QC/QA Process:

This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.

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