Insect Protein Market size was valued at US$ 517.70 Mn. in 2022 and revenue is expected to grow by 25.2% from 2023 to 2029, reaching nearly US$ 2496.39 Mn.
Insect Protein Market Overview
The report published by Maximize Market Research helps clients to understand the competitive landscape in detail, which is a guide for strategic planning. The report provides insights regarding the market to help clients understand the demand for their product in the future with the emerging trends in the Insect Protein industry. The Insect Protein market overview provides detailed information on the size of the market, trade statistics, leading players and various market metrics such as life cycle, trends, etc.
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Insect Protein Market Report Scope and Research Methodology
The report comprehensively analyses the global market’s trends, forecasts, and monetary values. The market report includes the drivers, challenges, major restraints to the market, and opportunities prevailing for the Insect Protein Market The report offers an in-depth analysis of the segments as well as sub-segments in local, global and regional markets. The report includes a bottom-up approach to estimate the Insect Proteinmarket size. Key market participants and new entrants’ services, revenue, financial status, portfolio, growth strategies, and regional presence are all involved in Insect Protein Market report.
The Insect Protein market report includes demand projections, market trends, and micro and macro factors. It also identifies the factors that are driving and restricting the Insect Protein market’s growth. The qualitative and quantitative approaches are included in the report for the analysis of the data of the Insect Protein market. Primary and secondary data collection methods were used in the report. Research using SWOT, PESTLE, and Porter’s Five Force tools is used for the analysis of the market. The analysis identified key upcoming developments that are expected to influence the demand during the forecast period.
Insect Protein Market Regional Insights
The Regional Analysis in the report helps to understand the Insect Protein market in several countries. The report includes a detailed analysis of all the factors, market size, growth rate, and import and export in regions covering North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
Insect Protein Market Segmentation
by Insect Type
Crickets
Wasps
Bees
Silkworm
Ants
Earthworms
Scorpions
Others (Locusts, Stink Bugs, Water Bugs, Mealworms, Bagworms)
In the year 2022, animal nutrition had the highest revenue share more than 75.0%. The main use of insect protein is as an ingredient in chicken, aquatic, & other animal feed. The demand from manufacturers of animal feed for high digestibility band amino acid & protein content ranging from 40% to 70% is rising. The profitable insect protein market sectors for manufacturers include aquaculture & pet food.
by End-use
Food & Beverages
Animal Nutrition
Pharmaceutical & Supplements
Personal Care and Cosmetics
by Source
Coleoptera
Lepidoptera
Hymenoptera
Orthoptera
Hemiptera
Diptera
Others
The second-largest end use segment in the year 2022 is the food & beverage segment which is expected to grow significantly during the forecast period. Some of the products for use in the food & beverage business include functional food items, nutritious bars, & protein-rich goods. It is expected that the proliferation of nations that permit the consumption of insects will drive insect protein market growth. In the personal care & cosmetics sector, insect protein is frequently employed as an alternate source of fats in skincare product
by Distribution Channel
Online
Offline
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Insect Protein Market Key Players
1. Entomo Farms
2. Exoprotein
3. Nutribug
4. Protix
5. Proti-Farm
6. Coast Protein
7. Aketta
8. C-fu Foods
9. EnviroFlight, LCC
10.nextProtein
11.Thailand Unique
12.Proti-Farm Holding NV
13.Chapul, LLC
14.Cricket Flours LLC
15.Crik Nutrition
16.Seek Food LLC
17.Haocheng Mealworms Inc.
18.Others
Key questions answered in the Insect Protein Market are:
Key Offerings:
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