Global Insect Protein Market Size By Insect Type, By Application, By Geographic Scope And Forecast
Insect Protein Market Size And Forecast
Insect Protein Market was valued at USD 136.80 Million in 2019 and is projected to reach USD 2,449.37 Million by 2027, growing at a CAGR of 43.20% from 2020 to 2027.
Global Insect Protein Market Outlook
The rising demand for insect-based ingredients in the animal nutrition segment is anticipated to create growth avenues for the market. In addition, owing to the rising concerns regarding sustainability and increased private and public support for the new protein sources are some of the key factors driving the market growth. Furthermore, with the increasing population growth, the consumption of animal products such as meat, egg, and milk continues to rise which helps in boosting the market growth. However, insect-based pet food is more expensive than various budget meal options. This factor is expected to restrain the demand for insect protein market.
Global Insect Protein Market Competitive Landscape
The Global Insect Protein Market study report will provide a valuable insight with an emphasis on global market including some of the major players such Imago Insect Products GmbH, AgriProtein Holdings Ltd, Chapul Cricket Protein, EnviroFlight LLC, Jiminis, Innovafeed, Protifarm, nsect, EntomoFarms, and Aspire Food Group.
GlobalInsect Protein Market Segment Analysis
Insect Protein Marketis segmented into Insect Type, Application And Geography.
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