{"id":694365,"date":"2024-04-10T16:14:01","date_gmt":"2024-04-10T16:14:01","guid":{"rendered":"https:\/\/www.abnewswire.com\/pressreleases\/?p=694365"},"modified":"2024-04-10T16:14:01","modified_gmt":"2024-04-10T16:14:01","slug":"insectbased-pet-food-market-research-explores-revenue-share-study-analysis-report-2024","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/insectbased-pet-food-market-research-explores-revenue-share-study-analysis-report-2024_694365.html","title":{"rendered":"Insect-Based Pet Food Market Research Explores Revenue Share Study Analysis Report 2024"},"content":{"rendered":"<div style=\"float:right; width:250px; padding:8px 10px 10px 10px;\">\n<div><a href=\"https:\/\/www.abnewswire.com\/uploads\/1712731731.jpeg\" style=\"border:none !important;\" target=\"_blank\" rel=\"nofollow\" ><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-29\" title=\"Insect-Based Pet Food Market Research Explores Revenue Share Study Analysis Report 2024\" src=\"https:\/\/www.abnewswire.com\/uploads\/1712731731.jpeg\" alt=\"Insect-Based Pet Food Market Research Explores Revenue Share Study Analysis Report 2024\" width=\"225\" height=\"225\" style=\"padding:0px 0px 10px 10px; border:0 solid !important;\" \/><\/a><\/div>\n<div class=\"quotes\">\n<div>Insect-Based Pet Food Market <\/div>\n<\/div>\n<\/div>\n<div style=\"font-style:italic; padding:8px 0px;\">\u201cInsect-Based Pet Food Market\u201d in terms of revenue was estimated to be worth $8.31 billion in 2023 and is poised to reach $16.72 billion by 2031, growing at a CAGR of 9.33% from 2024 to 2031<\/div>\n<p style=\"text-align: justify;\">&ldquo;Insect-Based Pet Food Market&rdquo; in terms of revenue was estimated to be worth $8.31 billion in 2023 and is poised to reach $16.72 billion by 2031, growing at a CAGR of 9.33% from 2024 to 2031 according to a new report by InsightAce Analytic.<\/p>\n<p style=\"text-align: justify;\">&nbsp;<\/p>\n<p style=\"text-align: justify;\"><strong>Get Free Sample Report @ <\/strong><a rel=\"nofollow\" href=\"https:\/\/www.insightaceanalytic.com\/request-sample\/1431\"><strong>https:\/\/www.insightaceanalytic.com\/request-sample\/1431<\/strong><\/a><\/p>\n<p style=\"text-align: justify;\"><strong>&nbsp;<\/strong><\/p>\n<p style=\"text-align: justify;\"><strong>Latest Drivers Restraint and Opportunities Market Snapshot:<\/strong><\/p>\n<p style=\"text-align: justify;\">&nbsp;<\/p>\n<p style=\"text-align: justify;\">Key factors influencing the global Insect-Based Pet Food market are:<\/p>\n<ul style=\"text-align: justify;\">\n<li>Rising consumer demand for organic and sustainable food<\/li>\n<li>Ongoing Research and development efforts<\/li>\n<li>Increasing demand for insect-based pet food<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">&nbsp;<\/p>\n<p style=\"text-align: justify;\">The following are the primary obstacles to the Insect-Based Pet Food market&#8217;s expansion:<\/p>\n<ul style=\"text-align: justify;\">\n<li>Allergic reactions by insect consumption<\/li>\n<li>Contamination of insects<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">&nbsp;<\/p>\n<p style=\"text-align: justify;\">Future expansion opportunities for the global Insect-Based Pet Food market include:<\/p>\n<ul style=\"text-align: justify;\">\n<li>Product approvals to facilitate market expansion<\/li>\n<li>Diversity in manufacturing<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>&nbsp;<\/strong><\/p>\n<p style=\"text-align: justify;\"><strong>Market Analysis:<\/strong><\/p>\n<p style=\"text-align: justify;\">Insect-based pet food producers use various health and sustainability claims for marketing purposes. Pet owners&#8217; rising acceptance of such claims are the main drivers of the growth of the insect-based pet food industry. Furthermore Insect-based pet foods have high palatability. However, as previously indicated, the perception of health and sustainability claims by pet owners will be one of the key drivers fuelling the growth of the insect-based pet food industry.<\/p>\n<p style=\"text-align: justify;\">&nbsp;<\/p>\n<p style=\"text-align: justify;\"><strong>List of Prominent Players in the Insect-Based Pet Food Market:<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>Innova feed<\/li>\n<li>Ynsect<\/li>\n<li>Protix<\/li>\n<li>Purina<\/li>\n<li>Mars Incorporated<\/li>\n<li>Agri Protein Holdings Ltd<\/li>\n<li>Enterra, Endocycle<\/li>\n<li>Beta Hatch<\/li>\n<li>Ennoble<\/li>\n<li>Healy Biotech<\/li>\n<li>Next Protein<\/li>\n<li>Scout &amp; Zoe&rsquo;s<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">&nbsp;<\/p>\n<p style=\"text-align: justify;\"><strong>Insect-Based Pet Food Market Report Scope:<\/strong><\/p>\n<p style=\"text-align: justify;\">&nbsp;<\/p>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td valign=\"top\" width=\"259\">\n<p align=\"center\"><strong>Report Attribute<\/strong><\/p>\n<\/td>\n<td valign=\"top\" width=\"364\">\n<p align=\"center\"><strong>Specifications<\/strong><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" width=\"259\">\n<p><strong>Market size value in 2023<\/strong><\/p>\n<\/td>\n<td valign=\"top\" width=\"364\">\n<p>USD 8.31 billion<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" width=\"259\">\n<p><strong>Revenue forecast in 2031<\/strong><\/p>\n<\/td>\n<td valign=\"top\" width=\"364\">\n<p>USD 16.72 billion<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" width=\"259\">\n<p><strong>Growth rate CAGR<\/strong><\/p>\n<\/td>\n<td valign=\"top\" width=\"364\">\n<p>CAGR of 9.33% from 2024 to 2031<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" width=\"259\">\n<p><strong>Quantitative units<\/strong><\/p>\n<\/td>\n<td valign=\"top\" width=\"364\">\n<p>Representation of revenue in US$ Million, and CAGR from 2024 to 2031<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" width=\"259\">\n<p><strong>Historic Year<\/strong><\/p>\n<\/td>\n<td valign=\"top\" width=\"364\">\n<p>2019 to 2023<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" width=\"259\">\n<p><strong>Forecast Year<\/strong><\/p>\n<\/td>\n<td valign=\"top\" width=\"364\">\n<p>2024-2031<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" width=\"259\">\n<p><strong>Report coverage<\/strong><\/p>\n<\/td>\n<td valign=\"top\" width=\"364\">\n<p>The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" width=\"259\">\n<p><strong>Segments covered<\/strong><\/p>\n<\/td>\n<td valign=\"top\" width=\"364\">\n<p>By Nature Type, Source, Product Type, Pet Type, Distribution Channel<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" width=\"259\">\n<p><strong>Regional scope<\/strong><\/p>\n<\/td>\n<td valign=\"top\" width=\"364\">\n<p>North America; Europe; Asia Pacific; Latin America; Middle East &amp; Africa<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"text-align: justify;\">&nbsp;<\/p>\n<p style=\"text-align: justify;\">&nbsp;<\/p>\n<p style=\"text-align: justify;\"><strong>Recent Developments:<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>In January 2021, the Association of American Feed Control Officials (AAFCO) authorized the use of black soldier fly larvae (BSFL) in adult maintenance dog food and treats, signaling tacit FDA approval.<\/li>\n<li>In November 2020, Nestle introduced a product called Beyond Nature&#8217;s Protein in Switzerland incorporating BSFL as one of its protein sources.<\/li>\n<li>In April 2021, Mars launched their product called Lovebug in the United Kingdom, which also utilizes BSFL.<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>&nbsp;<\/strong><\/p>\n<p style=\"text-align: justify;\"><strong>&nbsp;<\/strong><\/p>\n<p style=\"text-align: justify;\"><strong>Curious about this latest version of the report? @ <\/strong><a rel=\"nofollow\" href=\"https:\/\/www.insightaceanalytic.com\/enquiry-before-buying\/1431\"><strong>https:\/\/www.insightaceanalytic.com\/enquiry-before-buying\/1431<\/strong><\/a><\/p>\n<p style=\"text-align: justify;\">&nbsp;<\/p>\n<p style=\"text-align: justify;\"><strong>Insect-Based Pet Food Market Dynamics:<\/strong><\/p>\n<p style=\"text-align: justify;\"><strong>Market Drivers: Increasing Demand for Insect-Based Pet Food<\/strong><\/p>\n<p style=\"text-align: justify;\">Insect-based toppings, snacks, and jerky availability via online shopping channels is projected to be boosted by insect-based pet food sales. Increasing demand for insect-based pet food, consumer demand for organic and sustainable pet food, ongoing research and development efforts to add more protein-rich ingredients to insect-based pet food are likely to drive the industry growth. Furthermore, demand for pet food based on insects is increasing due to pet adoption worldwide, and people are increasingly adopting the &ldquo;pet humanization&rdquo; trend, in which they place a high value on the health and happiness of their pets by feeding them.<\/p>\n<p style=\"text-align: justify;\"><strong>&nbsp;<\/strong><\/p>\n<p style=\"text-align: justify;\"><strong>Challenges: Allergic Reactions by Insect Consumption<\/strong><\/p>\n<p style=\"text-align: justify;\">Despite many advantages of using insects in pet food, there is a need to analyze the risks of adverse food reactions, including allergic reactions that may be caused by insect consumption and other hazards that may relate to the contamination of insects contaminated with anthropogenic during breeding, packaging, cooking, or feeding. These contaminants may contain bacteria, mold fungi, mycotoxins, and heavy metals.<\/p>\n<p style=\"text-align: justify;\"><strong>&nbsp;<\/strong><\/p>\n<p style=\"text-align: justify;\"><strong>North America Is Expected To Grow With the Highest CAGR during the Forecast Period <\/strong><\/p>\n<p style=\"text-align: justify;\">The North America Insect-Based Pet Food Market is likely to register a significant revenue share and to develop at a rapid CAGR in the near future. This is because many businesses attempt to develop novel flavors for their goods. The primary ingredients of pet foods are wheat, corn, and soy, which are then mixed with animal fats to provide them a meaty flavor. Further, there are just a few pet meals containing insect-based pet foods on the market, but this industry is anticipated to grow as consumers look for a more sustainable, lower-impact, and less expensive source of pet nutrition.<\/p>\n<p style=\"text-align: justify;\">&nbsp;<\/p>\n<p style=\"text-align: justify;\"><strong>Segmentation of Insect-Based Pet Food Market-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <\/strong><\/p>\n<p style=\"text-align: justify;\"><strong>By Nature-<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>Organic<\/li>\n<li>Monoprotein<\/li>\n<li>Conventional<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>Source:<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>Crickets<\/li>\n<li>Mealworms<\/li>\n<li>Black Soldier Flies<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>Product Type:<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>Kibble\/Dry<\/li>\n<ul>\n<li>Extruded<\/li>\n<li>Baked<\/li>\n<li>Coated<\/li>\n<\/ul>\n<li>Dehydrated Food<\/li>\n<li>Treats and Chews<\/li>\n<li>Freeze-Dried Raw<\/li>\n<li>Wet Food<\/li>\n<li>Frozen<\/li>\n<li>Raw Food<\/li>\n<li>Powder<\/li>\n<li>Freeze-Dried Food<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>Pet Type:<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>Cat<\/li>\n<ul>\n<li>Kitten<\/li>\n<li>Senior<\/li>\n<\/ul>\n<li>Dog<\/li>\n<ul>\n<li>Puppy<\/li>\n<li>Adult<\/li>\n<li>Senior<\/li>\n<\/ul>\n<li>Birds<\/li>\n<li>Others<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>&nbsp;<\/strong><\/p>\n<p style=\"text-align: justify;\"><strong>By Distribution Channel:<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>Store-based Retailing<\/li>\n<ul>\n<li>Hypermarkets\/Supermarkets<\/li>\n<li>Convenience Stores<\/li>\n<li>Mom and Pop Stores<\/li>\n<li>Pet Stores<\/li>\n<li>Discounters<\/li>\n<li>Independent Grocery Retailers<\/li>\n<li>Drugstores<\/li>\n<li>Other Retail Formats<\/li>\n<\/ul>\n<li>Online Retailers<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>By Region-<\/strong><\/p>\n<p style=\"text-align: justify;\"><strong>North America-<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>The US<\/li>\n<li>Canada<\/li>\n<li>Mexico<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>Europe-<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>Germany<\/li>\n<li>The UK<\/li>\n<li>France<\/li>\n<li>Italy<\/li>\n<li>Spain<\/li>\n<li>Rest of Europe<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>Asia-Pacific-<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>China<\/li>\n<li>Japan<\/li>\n<li>India<\/li>\n<li>South Korea<\/li>\n<li>Southeast Asia<\/li>\n<li>Rest of Asia Pacific<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>Latin America-<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>Brazil<\/li>\n<li>Argentina<\/li>\n<li>Rest of Latin America<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>&nbsp;Middle East &amp; Africa-<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>GCC Countries<\/li>\n<li>South Africa<\/li>\n<li>Rest of Middle East and Africa<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>&nbsp;<\/strong><\/p>\n<p style=\"text-align: justify;\"><strong>For More Customization @ <\/strong><a rel=\"nofollow\" href=\"https:\/\/www.insightaceanalytic.com\/customisation\/1431\"><strong>https:\/\/www.insightaceanalytic.com\/customisation\/1431<\/strong><\/a><\/p>\n<p><span style='font-size:18px !important;'>Media Contact<\/span><br \/><strong>Company Name:<\/strong> <a href=\"https:\/\/www.abnewswire.com\/companyname\/insightaceanalytic.com_133581.html\" rel=\"nofollow\">InsightAce Analytic Pvt. Ltd<\/a><br \/><strong>Contact Person:<\/strong> Diana D&#8217;Souza<br \/><strong>Email:<\/strong> <a href=\"https:\/\/www.abnewswire.com\/email_contact_us.php?pr=insectbased-pet-food-market-research-explores-revenue-share-study-analysis-report-2024\" rel=\"nofollow\">Send Email<\/a><br \/><strong>Country:<\/strong> United States<br \/><strong>Website:<\/strong> <a href=\"https:\/\/www.insightaceanalytic.com\/\" target=\"_blank\" rel=\"nofollow\">https:\/\/www.insightaceanalytic.com\/<\/a><\/p>\n<p><object type=\"text\/html\" data=\"https:\/\/www.insightaceanalytic.com\/\" style=\"width:900px; height:400px;\"><\/object><img decoding=\"async\" src=\"https:\/\/www.abnewswire.com\/press_stat.php?pr=insectbased-pet-food-market-research-explores-revenue-share-study-analysis-report-2024\" alt=\"\" width=\"1px\" height=\"1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Insect-Based Pet Food Market \u201cInsect-Based Pet Food Market\u201d in terms of revenue was estimated to be worth $8.31 billion in 2023 and is poised to reach $16.72 billion by 2031, growing at a CAGR of 9.33% from 2024 to 2031 &hellip; <a href=\"https:\/\/www.abnewswire.com\/pressreleases\/insectbased-pet-food-market-research-explores-revenue-share-study-analysis-report-2024_694365.html\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[402,406,420,413,416],"tags":[],"class_list":["post-694365","post","type-post","status-publish","format-standard","hentry","category-Food-Beverage","category-Pharmaceuticals-Biotech","category-Science","category-Services","category-World"],"_links":{"self":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts\/694365","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/comments?post=694365"}],"version-history":[{"count":0,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts\/694365\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/media?parent=694365"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/categories?post=694365"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/tags?post=694365"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}