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Insect Protein Market Global Upcoming Demand & Growth Analysis 2023-2032
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By the end of this period, the insect protein market is set to take flight and become a market worth US$ 3.3 billion, transforming the way we think about protein consumption. As the world becomes increasingly focused on sustainability and healthy living, the insect protein market is emerging as a unique and exciting alternative, one that is rapidly capturing the attention of investors and consumers alike. With its impressive growth potential and endless possibilities for innovation, it's clear that the insect protein market is not just a flash in the pan, but a transformative trend with staying power.
Microbial Risk and Allergic Reactions
Consumption of insect protein is highly prone to various allergic risks both for human and animal consumption. Use of insect protein is still in the early phase of research for use in various applications and thus have high risk of various unknown allergic and associated diseases, that cannot be treated on an immediate basis.
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Excessive consumption of animal-based protein has been proven to result in various diet-related diseases such as obesity, type-2 diabetes, heart diseases, and certain cancers. Whereas, on the other hand, the consumption of vegan products is observed not to accentuate such diseases; moreover, they help in building better immunity.
North America dominated the insect protein market and is projected to grow with a CAGR of 33.45% during the forecast period (2022 - 2027)
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Key Market Players
The key players in insect protein market include EnviroFlight (US), InnovaFeed (France), HEXAFLY (Ireland), Protix (Netherlands), Global Bugs (Thailand), Entomo Farms (Canada), and Ynsect (France) among others.
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