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 is segmented By Insect (Crickets, Mealworms, Grasshoppers, Others), By Application (Food (Protein Flour, Protein Bars, Snacks), ....

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

*Disclaimer: Major players are listed in no particular order.

*Source: Coherent Market Insights

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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.

Insect Protein Market Report Snapshots

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