According to a Comprehensive Research Report by Maximize Market Research,Insect Protein Market Research Report Information By Insect Type, By End-use, By Source , by Distribution Channel and By Region –Market Forecast Till 2029 - 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.
The report provides an analysis of both the current and future conditions in the Insect Protein Market, delivering valuable insights and the latest information across essential segments. Within the context of the Insect Protein market, the study covers crucial research areas like revenue generation, sales, and overall income. In order to offer a thorough evaluation, the report presents two distinct scenarios that encompass the entire range of the Insect Protein market, including the projected Insect Protein sales during the forecast period.
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Insect Protein Market Report Scope and Research Methodology
The primary goal of the Insect Protein market report is to offer a comprehensive analysis using clear and straightforward language. The study encompasses all the prominent companies and key aspects within the Insect Protein market, evaluating various measures like volume, share, growth, and strategies. This research not only assists established businesses in refining their operational plans but also provides future entrants with strategic recommendations. MMR's research undertakes a thorough exploration of the Insect Protein market, highlighting the foremost global companies based on metrics such as volume, share, strategies, and growth. The report further supplies strategies applicable to both existing industry participants and prospective Insect Protein market entrants. Moreover, the global report for the Insect Protein market presents a meticulous breakdown of regional share distribution, accompanied by an examination of growth drivers in those specific regions.
Insect Protein Market Segmentation
Animal nutrition had the biggest revenue share, over 75.0%, in 2022. Insect protein is mostly used as a component of poultry, aquaculture, and other animal feed. A high digestibility band amino acid and protein content range from 40% to 70% is increasingly sought after by producers of animal feed. Aquaculture and pet food are two significant market segments for makers of insect proteins.
The food and beverage segment, which is projected to experience strong growth over the forecast period, will be the second-largest end use segment in 2022. Products for use in the food and beverage industry include functional foods, nutrient-rich bars, and goods high in protein. It is anticipated that the rise of countries that allow the ingestion of insects would increase demand for insect protein.
Global Insect Protein Market, by Insect Type (2021-2029)
• Crickets
• Wasps
• Bees
• Silkworm
• Ants
• Earthworms
• Scorpions
• Others (Locusts, Stink Bugs, Water Bugs, Mealworms, Bagworms)
Global Insect Protein Market, by End-use (2021-2029)
• Food & Beverages
• Animal Nutrition
• Pharmaceutical & Supplements
• Personal Care and Cosmetics
Global Insect Protein Market, by Source (2021-2029)
• Coleoptera
• Lepidoptera
• Hymenoptera
• Orthoptera
• Hemiptera
• Diptera
• Others
Global Insect Protein Market, by Distribution Channel (2021-2029)
• Online
• Offline
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Insect Protein Market Regional Insights
The different section on regional segmentation gives the regional aspects of the global Insect Protein Market. This chapter describes the regulatory landscape that is expected to impact the market. It highlights the political landscape in the market and forecasts its influence on the Insect Protein market globally. The presence and availability of global brands with the challenges they confront due to severe competition from local and domestic brands, the impact of domestic tariffs, and trade channels, are all taken into account. The Insect Protein report covers the five regions and their country-wise distribution are:
North America - (U.S., Canada, and Mexico)
Europe - (U.K., Germany, France, Spain, Italy, Sweden, CIS Countries, and Rest of Europe)
Asia Pacific - (China, India, Japan, South Korea, Australia, ASEAN, and Rest of APAC)
Middle East & Africa - (South Africa, GCC Countries, Nigeria, Egypt, and Rest of ME&A)
South America - (Brazil, Argentina, Colombia, and Rest of South America)
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Key Companies in the Insect Protein Market include
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 Offerings:
- Past Market Size and Competitive Landscape (2017 to 2021)
- Past Pricing and price curve by region (2017 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segments and their sub-segments
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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