PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1627681
PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1627681
The insect protein market is projected to grow at a CAGR of 23.53%, reaching US$2,062.487 million by 2030 from US$716.920 million in 2025.
With the growing global population, it is estimated that conventional agricultural and livestock farming will be rendered incapable of providing the required amount of food that is supposed to meet the dietary requirements.
This factor has gained traction due to the growing global population estimated to reach 8.5 billion in 2030, 9.7 billion by 2050, and 10.9 billion by 2100 from 7.7 billion in 2019, according to World Population Prospects (WPP) by the United Nations. Additionally, it may be noted that the environment is under a lot of stress from activities related to agriculture and livestock, and sustaining the projected number of people further will translate into an unprecedented negative interaction with the environment.
Thus, considering the plethora of factors that influence the choice of consumers, corporate and environmental sustainability concerns have gained much focus worldwide. Moreover, factors like fresh, natural, and/or organic ingredients and environment-friendly operations are turning the tide in favor of the insect protein market. This, coupled with the growing cognizance of the negative externalities that are caused by animal husbandry activities, further encourages market players to invest in insect protein geared toward human consumption. Additionally, consumers' health and wellness aspirations are a constant determinant influencing human consumption habits.
Apart from this, generation Z is the key demographic expected to drive the market for insect protein during the forecast period. The aforesaid trajectory towards insect protein has been exemplified by the fact that chicken from birds fed on diets that include insect oil instead of vegetable oil was reported to be included among the poultry offerings of a French supermarket chain. Moreover, InnovaFeed, a French insect protein company, supplied insect oil, aiding the feed formulator, Nealia, in developing poultry ration recipes to replace soybean oil.
One of the major drivers of the insect protein market is the growing usage of insect protein in animal feed applications. Insect meal presents a sustainable and ethical alternative to traditional feed sources like soy and fishmeal. Unlike these conventional feed sources, insect farming has a significantly lower environmental impact, reducing deforestation and overfishing.
By reducing dependence on traditional feed sources, insect protein reduces pressure on global food supplies and enhances food security. With the rising global population, the demand for protein-rich food sources is also increasing. Comprehensively, insect protein offers a promising solution to meet this increasing demand with minimal environmental impact.
Geography-wise, the market of insect proteins is divided into North America, South America, Europe, the Middle East and Africa, and Asia Pacific. The global insect protein market is geographically diversified, with growth drivers unique to each region. North America, particularly the United States, is a mature market with high consumer demand for sustainable and nutritious food products. As of January 2024, the United States of America population, according to the US Census Bureau, was calculated to be 335,893,238. This is up 1,759,535 or 0.53% since January 2023 and up 4,443,957, or 1.34% from Census Day of April 2020. This region has an established regulatory framework and a supportive consumer base and is an ideal insect protein market.
Sustainability and environmental concerns are some of the major drivers in the European region since insect farming is a relatively greener alternative to the traditional livestock industry. There is further growth in consumer demand for sustainable and healthy food products, favorable regulatory environments, and strong research and development efforts.
On the other hand, Asia-Pacific, especially China and India, is an emerging market with great potential. This region's population is growing fast, and there is an increasing demand for protein-rich foods, creating a need for alternative protein sources such as insect protein. Government support and investments in sustainable agriculture are further boosting the regional market growth.
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