Press release
Insect Protein Market Trends and Opportunities: Growth, Revenue, Industry Overview, Leading Manufacturers, and Regional Analysis 2024-2032 | Aspire Food Group Protifarm, Chapul Cricket Protein, EnviroFlight LLC, Ÿnsect
Insect Protein Market
Report Scope:
This comprehensive study provides an accurate overview of the worldwide insect protein market. Comprehensive analyses of sales volume, price, revenue, market share, and important companies are included. The market is further divided into segments by product, application, and region in the study, which offers a comprehensive picture of the state of the market.
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Market Definition:
High-quality feedstock made from insects is called insect protein, and it can be added to the diets of fish, pets, and livestock. They are a novel food and feed ingredient that signals a move away from conventional protein sources like soy and beef. Edible insects are the source of insect proteins, and different insects have been found to appear in the diets of different animals. When it comes to environmental safety, insect agriculture has a big edge over traditional livestock farming. Conventional animal husbandry uses a large amount of drinkable water and is responsible for at least 18% of greenhouse gas emissions worldwide. Both the water and feed requirements for producing meat from insects are significantly lower.
Drivers and Trends:
Edible insects are heavy in fat, protein, and energy and can be a good source of vitamins and minerals. They also offer an environmentally beneficial source of protein. These factors are expected to fuel market expansion in the next years.
Customer choices for insect protein over dairy and animal protein have moved as a result of increasing situations about great public and private protein references in developed and emerging economies.
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Top Companies:
Because there are so many companies in the industry, it is expected to be both competitive and fragmented. Here are the top companies in the insect protein market:
Aspire Food Group Protifarm
Chapul Cricket Protein
EnviroFlight LLC
Ÿnsect
AgriProtein Holdings Ltd. Hexafly
Jimini's
Swarm Nutrition GmbH
Innovafeed
EntomoFarms
Protix.
Country-Wise Insights:
According to regional research, during the projection period, Europe is expected to have significant market expansion. The region is considered a prominent market for insect protein, which is one of the most regularly utilized food additives among middle-aged and senior Europeans. Also, the food sector in North America has increased new food R&D initiatives as a result of goods that promote health and mental well-being. Given the complexity of present legislation, a fast-expanding market in key nations such as the United States and Mexico is expected.
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Segmental Outlook:
Insect Protein, Product Outlook (Revenue - USD Billion, 2019 - 2032)
Coleoptera
Lepidoptera
Hymenoptera
Orthoptera
Hemiptera
Diptera
Others
Insect Protein, Application (Revenue - USD Billion, 2019 - 2032)
Food & Beverages
Animal Nutrition
Personal Care & Cosmetics
Others
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Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defence, among different ventures present globally.
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