Home > > Global Insect Protein Market Report
The Insect Protein market was valued at $275.2 Million in 2022, and is projected to reach $2,343.8 Million by 2032 growing at a CAGR of 24.01% from 2023 to 2032.The insect protein market is driven by a number of factors, including the increasing demand for sustainable protein sources, the growing awareness of the environmental benefits of insect farming, and the favorable nutritional profile of insect protein. Opportunities in the market include the development of new products and the expansion of existing insect protein processing and manufacturing facilities. Trends in the insect protein market include the increasing use of insects as feed in the aquaculture and livestock industries, the development of novel insect-based products for human consumption, and the growing popularity of insect protein as a plant-based alternative. There are several companies that are active in the insect protein market, including Aspire Food Group, Entomo Farms, and Protix Biosystems. These companies are engaged in the breeding, processing, and distribution of insects for use as protein sources. Aspire Food Group, for example, is a leading provider of cricket-based protein products. The company has developed a range of cricket flour-based products, including protein bars, pasta, and baking mixes. Entomo Farms is a leading producer of crickets, grasshoppers, and other insects for use as protein sources. The company has developed a range of insect-based products, including protein powders, protein bars, and snack mixes. Protix Biosystems is a leading provider of insect-based protein products. The company has developed a range of products, including protein powders, protein bars, and snacks, made from a variety of insects, including crickets, mealworms, and beetles.