Insect Protein Market to Reach USD 1,850.93 Million by 2033, Growing at a CAGR of 27.1% | Straits Research

According to a new report by Straits Research, the global insect protein market size was valued at USD 302.38 million in 2024 and is projected to reach USD 369.81 million in 2025, expanding to USD 1,850.93 million by 2033. The market is expected to register a robust CAGR of 27.1% during the forecast period (2025-2033).

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Market Overview

Insect protein is derived from edible insects and is increasingly recognized as a sustainable and eco-friendly protein source for human and animal consumption. With more than 2,000 edible insect species such as beetles, caterpillars, bees, wasps, ants, crickets, locusts, and flies this protein offers a nutrient-dense alternative to traditional animal and plant-based proteins. Insect protein is rich in essential amino acids, vitamins, and minerals, making it a valuable solution to address global food security and environmental challenges linked to livestock farming.

Growing consumer awareness of health and nutrition, coupled with the demand for sustainable protein sources, is driving significant market growth. The increasing adoption of insect-based ingredients in food, animal feed, and dietary supplements is expected to propel the global insect protein market over the coming years.

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Insect Protein Market Growth Factors

Nutritional Benefits

The high nutritional content of insect protein is one of the key drivers of market expansion. Insects contain 35-60% protein by dry weight and 10-25% by fresh weight, exceeding levels found in soybeans, lentils, and cereal grains. Crickets, for example, provide 58-65% protein and up to 11 mg of iron per 100 grams, making them an excellent protein source comparable to skinless chicken breast.

The increasing recognition of insect protein's nutritional profile has led to growing acceptance across health-conscious consumers and fitness enthusiasts. According to a 2018 study by PureGym, 35% of gym-goers were open to trying edible bugs as a protein source, and this figure increased to 47% among regular exercisers. Furthermore, in January 2023, the European Union approved Alphitobius dispersions (a darkling beetle species) as an authorized food additive, marking a major milestone for the industry.

Market Restraining Factors

Despite its benefits, consumer acceptance remains a challenge in Western regions due to cultural and psychological barriers. Many consumers associate insect consumption with disgust or fear, a sentiment particularly strong in Europe and North America. For instance, a 2022 survey by Germany's environment agency (UBA) found that 80% of Germans are repulsed by the idea of eating insects. Overcoming these perceptual challenges is essential to increasing mainstream adoption.

Market Opportunity

The global push for sustainable protein sources presents a major growth opportunity for the insect protein market. Insect farming requires significantly fewer resources than traditional livestock production and generates fewer greenhouse gas emissions. According to the United Nations Food and Agriculture Organization (FAO), insects can produce 150 tons of protein per hectare annually and require far less water 100 gallons of water yields 238g of cricket protein compared to only 6g of beef protein.

In addition, governments and private sectors are investing in sustainable food systems. In January 2024, the European Investment Bank (EIB) extended funding of up to €37 million to the Netherlands-based company Protix to expand insect protein production facilities in Poland, highlighting growing institutional support for sustainable protein technologies.

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Regional Insights

Europe: Leading Market with 20.3% Growth Rate

Europe dominates the global insect protein market, projected to grow at a CAGR of 20.3% through 2033. The region has seen increasing acceptance of insect protein in food and beverages, animal feed, and personal care applications. The EU's approval of insect-processed animal proteins (PAPs) for poultry and pig feed in 2021 further stimulated market demand. Key countries including France, Germany, and the United Kingdom are at the forefront of product innovation, introducing insect protein powders, pasta, and bakery items to mainstream consumers.

Asia-Pacific: Fastest Growing Region

The Asia-Pacific region is forecast to exhibit the fastest growth with a CAGR of 20.4%. Nations such as Thailand, China, and Indonesia have a long tradition of entomophagy (insect consumption), which supports regional production and export growth. China is emerging as a key market due to the availability of raw materials and expanding applications across food, pharmaceutical, and animal feed sectors. The FAO's "Forest Insects as Food" workshop in Chiang Mai, Thailand, underscored the potential of edible insects as a sustainable food resource in the region.

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North America

North America holds a substantial market share, driven by rising consumer awareness of nutrition and wellness. The United States leads the regional market, where increasing rates of chronic diseases linked to poor diet have spurred demand for healthier and more sustainable protein alternatives.

Market Segmentation

♦ By Insect Type: Cricket, Yellow mealworm
♦ By Product: Protein bars, Protein flour, Smoothies, Others
♦ By Application: Food products, Animal feed, Edible film industry (packaging)
♦ By Protein Extraction: Solvent-based, Aqueous-based
♦ By Distribution Channel: Direct, Indirect
♦ By Region: North America, Europe, APAC, Middle East & Africa, LATAM

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Key Market Players

Aspire Food Group
Ynsect NL Nutrition & Health B.V.
EntomoFarms
Chapul Cricket Protein
Jimini's
EnviroFlight LLC
Swarm Nutrition GmbH
AgriProtein Holdings Ltd
Next Protein Inc.
Innovafeed

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