[Redding, California] – Meticulous Research®, a globally renowned market research firm, has unveiled its latest research report titled, ‘Insect Protein Processing Equipment Market by Type (Dryers, Grinders, Centrifuges), Processing Method (Dry, Wet), Mode of Operation, Production Capacity (Small & Medium Scale, Large Scale), Application (Black Soldier Fly, Cricket) – Forecasts to 2029.’
The comprehensive study projects the insect protein processing equipment market to soar to a valuation of $210.6 million by 2029, marking a remarkable CAGR of 9.7% during the forecast period from 2022 to 2029. This surge is attributed to groundbreaking innovations in insect protein processing equipment, heightened emphasis by manufacturers on cost reduction strategies, escalating investments in the insect-based protein sector, and the burgeoning demand for insect protein within the animal feed domain.
Despite these promising prospects, challenges such as elevated equipment costs and potential allergenic risks associated with insect consumption are anticipated to pose significant hurdles to market expansion.
The report segments the insect protein processing equipment market based on type, processing method, mode of operation, production capacity, application, and geography, offering a granular analysis of industry dynamics and competitor landscapes at regional and country levels.
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Key Insights from the Report:
Type: Dryers are poised to dominate the market in 2022, driven by their efficacy in enhancing process hygiene and the burgeoning need for advanced drying techniques.
Processing Method: Dry processing is anticipated to lead the market in 2022, owing to its capacity to deliver high yields, enhance product quality, and trim operational costs.
Mode of Operation: The automatic segment is forecasted to exhibit the highest growth rate during the forecast period, underpinned by the benefits of automated equipment in bolstering production volumes, precision, accuracy, and cost efficiency.
Production Capacity: Small & medium-scale operations are expected to seize the largest market share in 2022, buoyed by government support, minimal financial requirements, and heightened productivity.
Application: The cricket segment is slated to command the market in 2022, propelled by factors such as widespread incorporation in diverse recipes, nutritional richness, and the surging demand for cricket-based food products.
Geography: Asia-Pacific is anticipated to lead the market in 2022, with North America poised to register the swiftest growth rate owing to a burgeoning commercial farming market for edible insects and a favorable regulatory landscape.
Key Players:
The competitive landscape of the insect protein processing equipment market is characterized by a blend of large-scale enterprises and regional players. Key market players include Alfa Laval AB, The Bühler Holding AG, GEA Group Aktiengesellschaft, Hosokawa Micron B.V., ANDRITZ Group, Russell Finex Ltd., Maschinenfabrik Reinartz GmbH & Co. KG, and The Dupps Company.
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