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Insect Protein Market Analysis and Size
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 |
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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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Table of Contents for a Insect Protein Market Research Article:
- Introduction
- Background and Overview
- Objective of the Study
- Scope of the Insect Protein Market Research
- Methodology
- Data Collection
- Data Analysis
- Research Approach
- Sampling Techniques
- Research Instruments
- Executive Summary
- Key Findings
- Insect Protein Market Overview
- Insect Protein Market Trends and Insights
- 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
- Insect Protein Market Trends and Insights
- Emerging Technologies
- Consumer Behavior and Preferences
- Regulatory Landscape
- Competitive Analysis
- Insect Protein Market Segmentation
- Product Type
- Application
- Region
- End-User
- Other Relevant Segments
- Regional Analysis
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
- 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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