PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1134972
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1134972
Global Insect Protein Market is valued at approximately USD 0.50 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 34.0% over the forecast period 2022-2029. Insect protein has a significant potential to help solve world hunger given the increased demand for food commodities that comes along with a growing global population. Insect protein has several applications, including the production of food and drink, cosmetics, and personal care products. Due to growing worries about the global food issue, insects are also being researched as a potential source of human food and animal feed in western countries.. The Insect Protein market is expanding because of factors such as increasing investments in R&D and start-ups, increasing demand for alternate protien. However, unacceptance of Insect-based Proteins by consumers may halt market growth.
Various market players in insect protein market are taking strategic moves to expand their company share. New product releases, alliances, and acquisitions are a few of the crucial tactics used by market actors. For example, in March 2022, Global Bugs and Smart Vet Group formed a collaboration to concentrate on developing and manufacturing pet food and supplemental items for animals that contain whole roasted crickets and cricket powder. In conjunction with Pure Simple True LLC, , an insect protein company introduced Bernie's, an ultra-premium and luxury brand for dog food, to the US market in November 202. Furthermore, collaborations of Insect Protein-based Product Manufacturers with Retailers and opportunities for Food Equipment Manufacturers in Insect Rearing are creating new opportunities for the market. However, the high cost of Insect Protein stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Insect Protein Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. Among these regions, Europe holds the highest share owing to factors such as high penetration of consumer acceptance for the consumption and use of insect protein such as in food and beverage industry, animal nutrition, and personal care industry is creating a lucrative demand in the region.
Global Insect Protein Market Report Scope:
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Insect Type offerings of key players. The detailed segments and sub-segment of the market are explained below:
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of figures
List of tables and figures and dummy in nature, final lists may vary in the final deliverable