Insect Protein Market worth $3.3 billion by 2027 - Exclusive Report by MarketsandMarkets™

Browse in-depth TOC on "Insect Protein Market" Browse in-depth TOC on "Insect Protein Market" 236 – Tables 36 – Figures 181 – Pages The food & beverage segment is the fastest growing among the various application of insect protein during the forecast period The major buyers in this market are food and beverage companies, dairy-alternative manufacturers, and feed industries among others. The supply of insect protein affects the production of insect-based food and...

Browse in-depth TOC on "Insect Protein Market"

236 – Tables
36 – Figures
181 – Pages

The food & beverage segment is the fastest growing among the various application of insect protein during the forecast period

The major buyers in this market are food and beverage companies, dairy-alternative manufacturers, and feed industries among others. The supply of insect protein affects the production of insect-based food and beverages production. Insect-based protein is considered a viable alternative source for protein, majorly in food and feed applications. Though whole insects are also available in the market as a rich source of protein, the scope of this report has been limited to only the processed products available as insect protein.

Asia Pacific region is witnessing the highest growth rate in the insect protein market

Southeast Asian countries have a tradition of entomophagy but do not have regulations related to the breeding, sale, and export of insects. However, insect protein manufacturers have a high opportunity in the animal nutrition segment. Pharmaceutical and cosmetics are among the growing segments in the region, especially in China and Japan. The food consumption per capita is projected to increase in Australia, as the population is projected to reach 35.9 million by 2050, according to a report published by the Australian Government.

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The major players include EnviroFlight (US), InnovaFeed (France), HEXAFLY (Ireland), Protix (Netherlands), Global Bugs (Thailand), Entomo Farms (Canada), and Ynsect (France) among others.

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