Insect Protein Market Size, Share, Growth, Demand And Report 2024-2032

The latest report by IMARC Group, titled “ Insect Protein Market Report by Source (Coleoptera, Lepidoptera, Hymenoptera, Orthoptera, Hemiptera, Diptera, and Others), Distribution Channel (Offline, Online), Application (Animal Nutrition, Food and Beverages, Pharmaceutical and Supplements, Personal Care and Cosmetics), and Region 2024-2032, The global insect protein market size reached US$ 979.4 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 4,902.4 Million by 2032, exhibiting a growth rate (CAGR) of 19.6% during 2024-2032.

Factors Affecting the Growth of the Insect Protein Industry:

  • Environmental Sustainability:

The global insect protein market is significantly driven by the growing concern for environmental sustainability. Traditional livestock farming is resource-intensive, requiring large amounts of land, water, and feed, and it contributes significantly to greenhouse gas emissions. In contrast, insect farming is far more efficient and environmentally friendly. Insects require less land and water to produce the same amount of protein as traditional livestock, and they can be fed on organic waste or agricultural by-products, reducing the need for additional feed crops. Furthermore, insects produce fewer greenhouse gases and ammonia compared to cattle or pigs. This makes insect farming a viable solution for reducing the environmental impact of protein production. As the global population continues to grow, the demand for sustainable food sources will intensify, positioning insect protein as a key player in the future of food sustainability.

  • Nutritional Benefits:

Insect protein is gaining popularity due to its high nutritional value. Insects are rich in essential amino acids, vitamins, minerals, and healthy fats, making them a highly nutritious alternative to traditional protein sources. For instance, crickets contain more protein than beef on a per-weight basis and are also rich in omega-3 and omega-6 fatty acids, which are beneficial for heart health. Additionally, insects provide a good source of dietary fiber in the form of chitin, which can aid in digestion. This nutritional profile makes insect protein an attractive option for health-conscious consumers and those looking to diversify their protein intake. As more individuals become aware of the health benefits associated with insect protein, its demand is expected to rise, driving market growth.

  • Economic Viability:

Economic factors are also playing a significant role in the growth of the insect protein market. Insect farming is generally more cost-effective than traditional livestock farming due to lower resource requirements. Insects have high feed conversion efficiency, meaning they convert feed into body mass more effectively than conventional livestock. This efficiency translates into lower feed costs and, consequently, lower production costs. Additionally, insect farming can be carried out in urban and peri-urban areas, reducing transportation costs and facilitating local production. The scalability of insect farming also presents economic advantages; it can be easily expanded to meet increasing demand without the need for significant infrastructure investment. These economic benefits make insect protein an appealing option for both producers and consumers, further driving the market forward. As the industry continues to develop, advancements in farming techniques and technologies are expected to enhance the economic viability of insect protein production even further.

Competitive Landscape with Key Player:

  •  Aspire Food Group
  • Chapul LLC
  • Entomo Farms
  • EnviroFlight LLC (Darling Ingredients)
  • Goterra, Hexafly
  • InnovaFeed SA
  • Jimini’s, nextProtein
  • Protenga
  • Protix B.V.

For an in-depth analysis, you can refer sample copy of the report:

Report Segmentation:

The report has segmented the market into the following categories:

Source Insights:

  • Coleoptera
  • Lepidoptera
  • Hymenoptera
  • Orthoptera
  • Hemiptera
  • Diptera
  • Others

On the basis of the source, the market has been divided into coleoptera, lepidoptera, hymenopetra, orthoptera, hemiptera, diptera, and others

Distribution Channel Insights:

  • Offline
  • Online

Offline dominates the market as it encompasses a wide range of established retail outlets, including supermarkets and specialty stores, where consumers can physically inspect and purchase insect protein products, fostering greater trust and immediate accessibility.

Application Insights:

  • Animal Nutrition 
    • Aqua Feed
    • Poultry Feed
    • Others
  • Food and Beverages
  • Pharmaceutical and Supplements
  • Personal Care and Cosmetics

Animal nutrition holds maximum number of shares as insect protein offers a cost-effective, nutrient-rich feed alternative that supports the growth and health of livestock, poultry, and aquaculture, thereby enhancing overall agricultural productivity.

Market Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Europe’s dominance in the insect protein market is attributed to its strong regulatory support, increasing consumer acceptance, and a growing number of startups and investments focused on sustainable food solutions.

Global Insect Protein Market Trends:

Government regulations and policy changes in favor of insect protein are significant factors driving the market. Various European countries, along with other regions, are implementing supportive regulations to facilitate the inclusion of insect protein in both human food and animal feed. The European Union, for instance, has approved the use of insect protein in aquaculture and is progressively expanding approvals to other livestock. Such regulatory support legitimizes the industry and also encourages investment and innovation in insect protein production. Governments are recognizing the potential of insect protein to contribute to food security and sustainability, prompting the creation of policies that promote its development and integration into mainstream food systems.

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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