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Insect Protein Market worth $2,711.97 million by 2030, growing at a CAGR of 32.46% - Exclusive Report by 360iResearch
Insect Protein Market | 360iResearch
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The insect protein market encompasses the cultivation, processing, and distribution of proteins extracted from various insects such as crickets, grasshoppers, mealworms, and black soldier flies, with applications stretching across food and beverages, animal feed, pharmaceuticals, cosmetics, and biotechnology. Notable for their sustainable production methods requiring less land, water, and feed than traditional livestock, insect proteins are rich in essential nutrients, presenting a viable alternative to conventional protein sources amid growing environmental concerns and increasing global food security needs. Insects' inclusion in human food products such as protein bars and shakes, use in animal feed, extraction of bioactive compounds for pharmaceuticals, and their incorporation in cosmetic products demonstrates their versatility. Key growth factors include governmental policies favoring sustainable protein sources, increased investment in research and development, heightened consumer awareness of environmental and nutritional benefits, and urban agriculture initiatives. Opportunities lie in targeting emerging markets with protein deficiencies, collaborating with the food industry for mainstream dietary integration, enhancing processing technologies, and working closely with regulatory agencies for market approvals. However, the market faces challenges such as cultural resistance, inconsistent supply chains, regulatory inconsistencies, and high initial costs for farming infrastructure and research. Innovations that fortify insect proteins with additional nutrients, improve flavor and texture to resemble traditional proteins, optimize yield through selective breeding, and enhance purity and functionality via advanced bioprocessing represent potential areas for business growth. The market, dynamic and evolving, currently features numerous small and medium enterprises with a few larger players entering, signaling a likely period of consolidation as it matures, thus offering diverse global growth opportunities and broad market demand.
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Market Segmentation & Coverage:
This research report categorizes the Insect Protein Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Product, market is studied across Insect Baked Products & Snacks, Insect Beverages, Insect Confectionaries, Insect Meal, Insect Oil, Insect Powder, Insect Protein Bars & Protein Shakes, and Whole Insects.
Based on Type, market is studied across Ants, Black Soldier Flies, Cicadas, Crickets, Grasshoppers, Mealworms, and Silkworms.
Based on Application, market is studied across Cosmetics & Personal Care, Feed, Food & Beverages, and Pharmaceuticals.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.
Key Company Profiles:
The report delves into recent significant developments in the Insect Protein Market, highlighting leading vendors and their innovative profiles. These include Entomo Farms Ltd, Enviro Flight, LLC, Nordic Insect Economy Ltd, Hargol FoodTech, Deli Bugs Ltd., Kreca Ento-Food BV, Bugsolutely Ltd, Exo Inc., Thailand Unique, and Proti-Farm Holding NV.
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Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Insect Protein Market, by Product
7. Insect Protein Market, by Type
8. Insect Protein Market, by Application
9. Americas Insect Protein Market
10. Asia-Pacific Insect Protein Market
11. Europe, Middle East & Africa Insect Protein Market
12. Competitive Landscape
13. Competitive Portfolio
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