According to a new market research report published by Global Insight Services “Insect Protein Market is expected to reach US$ XX bn by 2031”. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Insect protein is a type of protein that comes from insects. It is a relatively new source of protein that is gaining popularity due to its sustainability and environmental friendliness. Insects are a rich source of protein, essential amino acids, and minerals, and they can be eaten whole or ground into a powder. Insect protein is a versatile ingredient that can be used in a variety of foods, such as energy bars, pasta, and bread.
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Key Players
The Insect Protein Market includes players such as InnovaFeed, EnviroFlight, Ynsect, Hexafly, Protix, Aspire Food Group, Chapul, Nutrition Technologies, Entomo Farms, and Goterra.
Key Trends
There are a few key trends in Insect Protein technology:
1. Insects as a sustainable source of protein: Insects are a sustainable and environmentally friendly source of protein. They require less land, water, and feed than traditional livestock, and their waste can be used as fertilizer.
2. Insects as a high-quality source of protein: Insects are a high-quality source of protein, providing all the essential amino acids. They are also a good source of vitamins and minerals.
3. Insects as a novel source of protein: Insects are a novel source of protein, and as such, there is a lot of interest in their potential as a food ingredient.
4. Insects as a healthy source of protein: Insects are a healthy source of protein, as they are low in saturated fat and cholesterol.
Key Drivers
There are a number of key drivers of the insect protein market, which are expected to fuel its growth in the coming years.
Firstly, the increasing population and the consequent need for food are expected to drive the demand for insect protein.
Secondly, the rising awareness about the health benefits of insect protein is expected to boost its demand.
Thirdly, the increasing preference for environment-friendly and sustainable protein sources is expected to drive the growth of the insect protein market.
Finally, the growing trend of entomophagy, or the consumption of insects as food, is expected to fuel the growth of the insect protein market.
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Market Segments
The Insect Protein Market is segmented by source, application and region. By source, the market is divided into coleoptera, orthoptera and others. Based on application, it is segmented into animal nutrition, food & beverages and others. Region-wise the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.
Reasons to buy Insect Protein Market Report:
- Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
- Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
- Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
- Develop business and M&A strategies through understanding of latest trends and emerging players in the market
- Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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