Insect Protein Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)
Insect Protein Market is segmented By Insect (Crickets, Mealworms, Grasshoppers, Others), By Application (Food (Protein Flour, Protein Bars, Snacks), Beverages, Cosmetics), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa). The report offers the value (in USD billion) for the above-mentioned segments.
Insect Protein Market Size
Market Size in USD
CAGR33.1%
| Study Period | 2024 - 2031 |
| Base Year of Estimation | 2023 |
| CAGR | 33.1% |
| Market Concentration | High |
| Major Players | Protix, Entomo Farms, Ynsect, Aspire Food Group, Chapul |
please let us know !
Insect Protein Market Analysis
The insect protein market is estimated to be valued at USD 1.418 Bn in 2024 and is expected to reach USD 10.5 Bn by 2031, growing at a compound annual growth rate (CAGR) of 33.1% from 2024 to 2031. The market has seen steady growth over the past few years and increased awareness about environmental and health benefits of insect-based proteins is driving more consumers to shift to alternative protein sources.