Insect Protein market size is estimated to be worth US$ 130 million in 2022 and is forecast to a readjusted size of US$ 479.3 million by 2028 with a CAGR of 24.3% _ valuates Reports

Due to the COVID-19 pandemic, the global Insect Protein market size is estimated to be worth US$ 130 million in 2022 and is forecast to a readjusted size of US$ 479.3 million by 2028 with a CAGR of 24.3% during the review period.

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Insect Protein Market Analysis
Application-wise, the animal nutrition market is anticipated to be the most profitable. To provide animals with the nutrition they require for general growth, insect protein is used as a feed addition for animals in the form of liquid or powder. When added to feed combinations, it speeds up animal weight gain, protects against diseases and vitamin deficiencies, and improves feed digestion and conversion.

The majority of the market for insect protein is currently controlled by the Asia Pacific due to its quickly expanding population. the growing markets for consumer goods in countries like Thailand, China, and India. Additionally, with a long history of insect consumption, countries like Thailand and Indonesia are among the top producers of insects used as raw materials. Additionally, it is anticipated that the existence of developing countries would increase demand for nutrient-dense food products during athe forecast period.

Insect Protein Market Scope and Segment
Insect Protein market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Insect Protein market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by Type and by Application for the period 2017-2028.

Segment By Type
➣Ants
➣Crickets
➣Silkworms
➣Cicadas
➣Mealworms
➣Grasshoppers
➣Black Soldier Flies
➣Others

Segment By Application
➣Human Consumption
➣Animal Nutrition
➣Cosmetics and Pharmaceutical
➣Others

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