The Rise of Insect Pet Food

In recent years, there has been a significant increase in the popularity of insect-based pet food products. This trend can be attributed to a growing awareness of the environmental and health benefits of using insects as a source of protein for pets. Insect pet food is now available in a variety of formats, including kibble, wet food, and treats, making it a versatile option for pet owners looking to provide their furry friends with a nutritious and sustainable diet.

Industry Insights

The pet food industry is a multi-billion dollar market that continues to grow year over year. According to a report by Grand View Research, the global pet food market was valued at $90.4 billion in 2020 and is expected to reach $113.08 billion by 2027. This growth can be attributed to the increasing number of pet owners worldwide, as well as a growing demand for premium and natural pet food products.
Insect pet food is a relatively new segment of the pet food market, but it is quickly gaining traction among pet owners who are looking for sustainable and eco-friendly options for their pets. Insects are a highly efficient source of protein, requiring significantly less water, land, and feed to produce compared to traditional livestock sources like beef or chicken. This makes insect-based pet food a more sustainable choice for environmentally conscious pet owners.

Financial Data

Several companies have entered the insect pet food market in recent years, offering a range of products to meet the growing demand. One such company is Jiminy’s, a US-based pet food company that specializes in insect-based treats and supplements for dogs. In 2020, Jiminy’s reported a revenue of $2.5 million, a 50% increase from the previous year, showcasing the growing popularity of insect pet food products.
Another key player in the insect pet food market is EntoBento, a UK-based company that offers a variety of insect-based pet food products, including kibble and wet food. EntoBento reported a revenue of £1.2 million in 2020, a significant increase from the previous year, indicating a strong demand for their products in the market.

Product Formats

Insect pet food is available in a variety of formats to suit different pet preferences and dietary needs. Kibble is a popular choice for many pet owners, as it is convenient and easy to store. Insect-based kibble is often made with a blend of insect protein, grains, and vegetables to provide a balanced diet for pets.
Wet food is another common format for insect pet food, offering a more palatable option for pets who prefer a softer texture. Insect-based wet food is often made with a mix of insect protein, broth, and vegetables to create a tasty and nutritious meal for pets.
Insect-based treats are also gaining popularity among pet owners who want to reward their pets with a healthy and sustainable snack. Insect treats are often made with a single source of insect protein, making them a great option for pets with food sensitivities or allergies.

Future Trends

The insect pet food market is expected to continue growing in the coming years as more pet owners become aware of the benefits of using insects as a protein source for their pets. With increasing concerns about the environmental impact of traditional livestock farming, insect-based pet food offers a more sustainable and eco-friendly alternative for pet owners looking to reduce their carbon footprint.
As the market for insect pet food expands, we can expect to see more companies entering the space and offering a wider range of products to meet the diverse needs of pet owners. With innovative formulations and sustainable sourcing practices, insect pet food is poised to become a staple in the pet food industry, providing pets with a nutritious and environmentally friendly diet option.