New York, January 2022: Axiom Market Research & Consulting™ added a report on Global Insect Protein Market which includes study on insect type, application, and geography. Global Insect Protein Market was projected to grow at a CAGR of 27.50% for the forecast period 2022 to 2028. The global market is estimated and forecasted in terms of revenue (USD Million) and volume (Tons) generated by the Global Insect Protein Market.

The factors such as increasing demand for the alternate protein because of the different benefits and advantages, along with the increasing food security and sustainability and the increasing adoption of the sustainable industrial farming have been responsible for the growth of the global insect protein market during the forecast period. 

The report analyses the global insect protein market based on the insect type, application and geography. By insect type, the global insect protein market is segmented into crickets, black soldier flies, mealworms, ants and grasshoppers. By application, the global insect protein market is segmented into food and beverages, animal nutrition, pharmaceutical and cosmetics. Geographically, the global insect protein market is studied for the regions including North America, Europe, Asia Pacific, and Rest of the World. 

Cricket insect type segment is expected to lead the global insect protein market

The crickets are a complete source of protein, and it also contains all the essential amino acids, the cricket power also contains over double as much iron as the spinach, the cricket are also the insect protein also the studies has shown that, cricket protein powder is also containing around 65.5 percent protein contributing to the growth of the segment in the global insect protein market during forecast period. 

Food and Beverages application segment is likely to gain major market share in the global insect protein market

The insect protein has mostly been used in the food and beverages as it is an alternative sources of dietary protein, along with the insect protein have same performance on the digestion, absorption and on the ability for stimulating the muscle protein has been contributing to the growth of the segment in the global insect protein market during the forecast period. 

North America is expected to witness increasing demand for the global insect protein market

The continuously expanding market growth in the countries such as Mexico, Canada and the United States, increasing demand for the various food and beverages, increasing demand for the alternate protein, food security and sustainability and increasing adoption of the sustainable industrial farming have been propelling the growth of the global insect protein market during the forecast period. 

Key Players

The key players in the global insect protein market are Seek Food LLC, Agriprotein Holdings Ltd., EnviroFight LLc, Innovafeed, Ynsect, Hexafly, Protix, Jimini’s, Entomo Farms, Aspire Food Group, Protifarm, Chapul Cricket Protein, Next Protein Inc, Thailand Unique, Haocheng Mealworms Inc., Crik Nutrition among others.

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