Market Trends of Global Insect Protein Industry
This section covers the major market trends shaping the Insect Protein Market according to our research experts:
Largest Segment By End User : <span style="font-family: 'regular_bold';color:#0e7db3;">Food and Beverages</span>
- By application, F&B sector retained the top position throughout the review period. Superiority of insect protein, like more or comparable quantities of protein as well as digestibility to other Animaland Plant proteins, has been constantly increasing its demand in the F&B sector.
- Additionally, constant innovations in the market, like MOM's Organic Market developed many cricket and mealworm protein-based items, like cricket cookies, mealworm Bolognese & bulk assortment of insects, have been boosting its market sales.
- However, in the forecast period, its demand in Animalfeeds is projected to be the highest. Recognization of its use from government bodies are further escalating its demand. For instance, European Commission officially approved the use of insect protein as a new feed form of aquaculture feed. Approval by the European Commission followed by the CFIA approval of use of insects as a constituent in Salmon feed.
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