Insect Protein Market Share, Size, Trends, Industry Analysis Report, By Product (Coleoptera, Lepidoptera, Hymenoptera, Orthoptera, Hemiptera, Diptera, Others), By Application (Food & Beverages, Animal Nutrition, Personal Care & Cosmetics, Others), By Regions; Segment Forecast, 2021 - 2028
The global insect protein market size is expected to reach USD 1.48 billion by 2028 according to a new study by Polaris Market Research. The report “Insect Protein Market Share, Size, Trends, Industry Analysis Report, By Product (Coleoptera, Lepidoptera, Hymenoptera, Orthoptera, Hemiptera, Diptera, Others), By Application (Food & Beverages, Animal Nutrition, Personal Care & Cosmetics, Others), By Regions; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The ability of wealthy investors to invest in emerging insect protein producers is driving the development. According to the Food and Agriculture Organization (FAO), around 2 billion have insect protein in varied cuisines. Some of the main factors pushing the overall market growth are a shift in consumer preference for a substitute protein source, and widespread accessibility of edible insects.
Lesser ecological stress and the nutritional value of insects are also anticipated to upsurge the demand. Flexitarians, like those who eat organic or follow a paleo diet, stop eating meat and are usually more obsessed with food safety and sourcing. This shift in food attitudes is anticipated to create lucrative opportunities in the target market growth for insect protein.
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