1. What is the projected Compound Annual Growth Rate (CAGR) of the Insect-based Protein Market?
The projected CAGR is approximately 9.23%.
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Insect-based Protein MarketInsect-based Protein Market by Product Type (Coleoptera, Lepidoptera, Hymenoptera, Orthopetra, Others), by North America (U.S., Canada, Mexico), by Europe (U.K., Germany, France, Italy, Spain, Russia, Rest of Europe), by Asia Pacific (China, India, Australia, Japan, Rest of Asia Pacific), by South America (Brazil, Argentina, Rest of South America), by Middle East & Africa (UAE, South Africa, Rest of the Middle East & Africa) Forecast 2026-2034
The Insect-based Protein Market size was valued at USD 153.92 USD Million in 2023 and is projected to reach USD 285.55 USD Million by 2032, exhibiting a CAGR of 9.23 % during the forecast period Insect proteins are high-quality feedstock obtained from insects that can be used as an ingredient for feed for animals, pets, and fish. They are a new food and feed source, and an effort to move away from the traditional sources of proteins like meat and soy. Insects are rich in amino acids, vitamins, minerals, and other nutrients, making them a highly nutritious food source. Edible insects are considered one most interesting protein sources of a large proportion of food insecurity. It contains nutrients like zinc, amino acids, and vitamins. Insect protein is used in human food, pet food, fish feed, and animal feed. There is the nutritional content of insects depends on their species' diet, and stage of the life cycle. Insects pro-high-quality protein and nutrients for humans and animals comparable with those provided by meat and fish They are also rich in fibre and micronutrients such as copper, copper, iron and magnesium. Edible insects exhibit many sustainability and nutritional advantages compared to conventional animal protein sources.
The insect-based protein market is experiencing a significant surge, driven by a confluence of powerful catalysts that are shaping its rapid expansion. This burgeoning industry is poised for substantial growth, fueled by innovation, increasing awareness, and strategic support.
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The insect protein sector is marked by rapid and transformative developments, showcasing the industry's dynamism and growing maturity. Key milestones highlight the increasing scale of operations and market penetration.
Our in-depth market report offers a thorough examination of the insect-based protein industry, providing actionable insights for stakeholders. We delve into the intricacies of market dynamics, competitive landscapes, and future trajectories.
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| Aspects | Details |
|---|---|
| Study Period | 2020-2034 |
| Base Year | 2025 |
| Estimated Year | 2026 |
| Forecast Period | 2026-2034 |
| Historical Period | 2020-2025 |
| Growth Rate | CAGR of 9.23% from 2020-2034 |
| Segmentation |
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Note*: In applicable scenarios
Primary Research
Secondary Research
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately 9.23%.
Key companies in the market include Aspire Food Group (Canada), Ynsect NL Nutrition & Health B.V. (Netherlands ), EntomoFarms (Canada), Chapul Cricket Protein (U.S.), Jimini’s (France), EnviroFlight LLC (U.S.), Swarm Nutrition GmbH (Germany), AgriProtein Holdings Ltd (England), Next Protein Inc. (France), Innovafeed (France).
The market segments include Product Type.
The market size is estimated to be USD 153.92 USD Million as of 2022.
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High-Cost Constraint Market Growth.
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The market size is provided in terms of value, measured in USD Million and volume, measured in Million Tonnes.
Yes, the market keyword associated with the report is "Insect-based Protein Market," which aids in identifying and referencing the specific market segment covered.
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