Market Size of Global Insect Protein Industry
| Study Period | 2018 - 2028 |
| Base Year For Estimation | 2020 |
| Market Size (2023) | USD 49.56 Million |
| Market Size (2028) | USD 57.70 Million |
| CAGR (2023 - 2028) | 3.09 % |
| Market Concentration | High |
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Insect Protein Market Analysis
The Global Insect Protein Market size is expected to grow from USD 49.56 million in 2023 to USD 57.70 million by 2028, at a CAGR of 3.09% during the forecast period (2023-2028).
- Largest Segment by End User - Food and Beverages : Bees, wasps, ants, and grasshoppers are gaining popularity in the F&B industry as protein sources due to their high nutritional profile and economic processing techniques.
- Fastest Growing Segment by End User - Animal Feed : As the production of insect protein is relatively less resource intensive than most traditional feed protein sources, it is gaining application in aminal feed industry.
