Insect Protein Market Size, Share, Industry Trends and Forecast to 2033
This report provides an in-depth analysis of the Insect Protein market, featuring insights into market size, growth forecasts, industry trends, and regional market dynamics for the years 2023 to 2033.
| Metric | Value |
|---|---|
| Study Period | 2023 - 2033 |
| 2023 Market Size | $1.50 Billion |
| CAGR (2023-2033) | 12.3% |
| 2033 Market Size | $5.02 Billion |
| Top Companies | Ÿnsect, AgriProtein, Protix, Enterra Feed Corporation |
| Last Modified Date | 15 Nov 2024 |
Insect Protein Market Report (2023 - 2033)
Insect Protein Market Overview
What is the Market Size & CAGR of Insect Protein market in 2023?
Insect Protein Industry Analysis
Insect Protein Market Segmentation and Scope
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Insect Protein Market Analysis Report by Region
Europe Insect Protein Market Report:
In Europe, the market is projected to expand from $0.51 billion in 2023 to $1.69 billion in 2033 as rising food security concerns prompt governments to explore alternative protein sources. The region is also at the forefront of promoting insect protein among consumers.Asia Pacific Insect Protein Market Report:
The Asia Pacific region is anticipated to witness significant growth, with the market size expected to reach $0.95 billion by 2033, growing from $0.28 billion in 2023. Growing demand for protein-rich diets, especially in countries like China and India, and increasing investments in insect farming technology contribute to this growth.North America Insect Protein Market Report:
North America will likely showcase robust growth, moving from $0.51 billion in 2023 to $1.72 billion by 2033. High consumer awareness regarding sustainable protein sources and regulatory support for innovative farming practices are key growth drivers.South America Insect Protein Market Report:
In South America, the Insect Protein market is expected to grow from $0.13 billion in 2023 to about $0.44 billion in 2033. The region shows potential owing to vast agricultural sectors that can integrate sustainable practices by adopting insect farming.Middle East & Africa Insect Protein Market Report:
The Middle East and Africa market, although currently modest at $0.06 billion in 2023, is expected to grow steadily to $0.21 billion by 2033. Enhanced focus on agricultural sustainability and food diversification are likely to contribute to this growth.Request a custom research report for industry.
Insect Protein Market Analysis By Product
Global Insect Protein Market, By Product Market Analysis (2023 - 2033)
In 2023, the dry product segment dominates the market with a size of $1.33 billion, maintaining an 88.53% share. Projections for 2033 indicate a market size of $4.45 billion, driven by the continuous demand for nutrient-rich flour and powdered products.
Insect Protein Market Analysis By Application
Global Insect Protein Market, By Application Market Analysis (2023 - 2033)
Food for human consumption is the leading application by size, accounting for $1.01 billion in 2023 and expanding to $3.40 billion by 2033, supported by shifting consumer preferences towards protein alternatives. Animal feed follows closely, with projected growth from $0.38 billion to $1.27 billion in the same period.
Insect Protein Market Analysis By Form
Global Insect Protein Market, By Form Market Analysis (2023 - 2033)
Dry insect protein, a preferred format for both consumers and manufacturers, showcases a solid market presence from $1.33 billion in 2023 to $4.45 billion by 2033, while liquid protein's market size grows from $0.17 billion to $0.58 billion.
Insect Protein Market Analysis By Source
Global Insect Protein Market, By Source Market Analysis (2023 - 2033)
Land-based insects lead the market with a share of 88.53% in 2023, valued at $1.33 billion. This is expected to escalate to $4.45 billion by 2033. Comparatively, water-based insects, representing only 11.47% of the market, is projected to grow from $0.17 billion to $0.58 billion.
Insect Protein Market Analysis By Distribution Channel
Global Insect Protein Market, By Distribution Channel Market Analysis (2023 - 2033)
The online distribution channel holds a commanding share of 88.53%, translating to $1.33 billion in 2023 and anticipated to reach $4.45 billion by 2033. Offline channels also demonstrate gradual growth, increasing from $0.17 billion to $0.58 billion, as retailers begin to recognize the demand for insect protein products.
Insect Protein Market Trends and Future Forecast
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Global Market Leaders and Top Companies in Insect Protein Industry
Ÿnsect:
A frontrunner in insect farming technology, specializing in producing high-quality insect protein for animal feed and human consumption, focusing on sustainable production.AgriProtein:
Pioneering the use of insects for food waste conversion, AgriProtein is a leader in the production and supply of insect protein, catering to the growing demand in animal feed sectors.Protix:
Based in the Netherlands, Protix is a global leader in insect farming, renowned for its innovative solutions for sustainable protein production and waste management.Enterra Feed Corporation:
Enterra focuses on producing insect-based feeds using sustainable practices, driving significant advancements in biological waste recycling.We're grateful to work with incredible clients.
