Insect Protein Market Share Statistics Report,Size, Forecast, & Trends

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Data Bridge Market Research analyses that the insect protein market was valued at USD 543.67 million in 2021 and is expected to reach the value of USD 1,395.54 million by 2029, at a CAGR of 24.7% during the forecast period.

"Insights covered in the wide ranging  Insect Protein Market report enable the buyer of the report to achieve a telescopic view of the competitive landscape and plan the business strategies accordingly to thrive in the market. An expert team, in coordination with project managers, presents the clients on every strategic aspect including product development, key areas of development, application modelling, use of technologies, the acquisition strategies, exploring niche growth opportunities and new markets. What is more, an all-inclusive Insect Protein Market report underlines various strategies that are used by top market players in the Insect Protein Market industry. Market research reports are very influential in many ways to grow business.

Besides, Insect Protein Marketing research report assists in planning by providing accurate and state-of-the-art information about the consumer’s demands, their buying preferences, attitudes and their changing tastes about the specific product. The report deals with several markets internationally including Asia, North America, South America, and Africa in accord with the client’s needs. To acquire knowledge about the current and future market status, global, local and regional level is considered in this report which offers business insights at the extensive marketplace. The winning Insect Protein Market report also illustrates the CAGR values for the historic year 2020, the base year 2021, and the forecast for the year 2023-2030.

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When compared to other animals and plants, insects are a better source of protein. Insect protein production is less expensive. In the beginning, insect protein was only used in animal feed. However, as more people become aware of the high protein content of insects, it has become widely used in a variety of industries. Insect protein is now used in a variety of products, including food and beverages, medicines, nutraceuticals, cosmetics, pet food, and animal and poultry feed. The protein found in insects varies depending on the species. Protein derived from insects is the most suitable option.

Data Bridge Market Research analyses that the insect protein market was valued at USD 543.67 million in 2021 and is expected to reach the value of USD 1,395.54 million by 2029, at a CAGR of 24.7% during the forecast period. due to the high consumption of insect-derived food since ancient times, as well as the presence of a large livestock population that is fed insect protein products, the insect protein market dominates the market.

Market Definition

Insect protein is essentially traditional beer made in small breweries. It is high in silicon, antioxidants, protein, and vitamin B complex, and thus provides numerous health benefits. Ales, lagers, specialty beers, and other types of insect protein are among the most popular.

REPORT METRIC

DETAILS

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2019 - 2014)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

By Insect Type (Beetles, Caterpillars, Bees, Wasps & Ants, Grasshoppers, Locusts, Crickets, True Bugs, Black Soldier Flies, Cicadas, Leafhoppers, Plant Hoppers, Scale Insects, Termites, Dragonflies, Flies, Mealworms and Others), Application (Food & Beverage, Feed, and Pharmaceuticals and Cosmetics), Distribution Channels (Direct and Indirect),

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Market Players Covered

Aspire Food Group (US), EntomoFarms (Canada), Protifarm (Netherlands), Jimini’s (UK), Chapul Cricket Protein (US), Swarm Nutrition GmbH (Germany), AgriProtein Holdings Ltd. (South Africa), EnviroFlight LLC (US). Innovafeed (France), Ÿnsect (France), Hexafly (Ireland), Protix (Netherlands)

Opportunities

  • Wide availability of edible insects
  • Less costly processing of insects
  • Rise in the demand of protein rich food
 Insect Protein Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

  • Wide availability of edible insects

Since insects are widely available, manufacturers have begun to commercialise insect farming and extract protein from them. Crickets, bamboo worm, bagworm, flies, earthworm, beetles, and ants, wasps are some of the widely available edible insects that are driving the demand for insect protein and their application in the insect protein market

  • Less costly processing of insects

There are standard processing procedures for livestock, but none for insects; thus, manufacturers have a huge opportunity to devise a technology or equipment that can help in the processing of the insect with standard protocol in the insect protein market.

Opportunity

The market's overall growth has been tempered by changing consumer lifestyles and preferences. Furthermore, rapid urbanisation and an increasing population are expected to accelerate the market's overall growth.

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The insect protein market is segmented on the basis of insect type, application, and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Insect Type

  • Beetles
  • Caterpillars
  • Bees
  • Wasps & ants
  • Grasshoppers
  • Locusts
  • Crickets
  • True bugs
  • Black soldier flies
  • Cicadas
  • Leafhoppers
  • Plant hoppers
  • Scale insects
  • Termites
  • Dragonflies
  • Flies
  • Mealworms
  • Others

Application

  • Food & beverage
  • Feed
  • Pharmaceuticals
  • Cosmetics

Distribution channel

  • Direct
  • Indirect

Table of Contents for a Insect Protein Market Research Article:

  1. Introduction
    • Background and Overview
    • Objective of the Study
    • Scope of the Insect Protein Market Research
  2. Methodology
    • Data Collection
    • Data Analysis
    • Research Approach
    • Sampling Techniques
    • Research Instruments
  3. Executive Summary
  4. Insect Protein Market Overview
    • Insect Protein Market Definition
    • Insect Protein Market Segmentation
    • Insect Protein Market Size and Growth Rate
    • Insect Protein Market Dynamics
      • Drivers
      • Restraints
      • Opportunities
    • Porter's Five Forces Analysis
  5. Insect Protein Market Trends and Insights
    • Emerging Technologies
    • Consumer Behavior and Preferences
    • Regulatory Landscape
    • Competitive Analysis
  6. Insect Protein Market Segmentation
    • Product Type
    • Application
    • Region
    • End-User
    • Other Relevant Segments
  7. Regional Analysis
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East and Africa
  8. Competitive Landscape
    • Insect Protein Market Share Analysis
    • Key Players Profiles
    • Company Overview
    • Product Portfolio
    • Financial Performance
    • Recent Developments

Download the Complete Table of Contents @ https://www.databridgemarketresearch.com/toc/?dbmr=global-insect-protein-market

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