[ad_1]
The “Insect Protein Market Size, Share & Trends Analysis Report by Source (Coleoptera, Orthoptera), by Application (Animal Nutrition, Food & Beverages), by Region, and Segment Forecasts, 2021-2028” report has been added to ResearchAndMarkets.com’s offering.
The global insect protein market size is expected to reach USD 1.74 billion by 2028. It is expected to expand at a CAGR of 27.4% from 2021 to 2028.
Companies Mentioned
- InnovaFeed
- EnviroFlight
- Ynsect
- Hexafly
- Protix
- Aspire Food Group
- Chapul
- Nutrition Technologies
- Entomo Farms
- Goterra
The growing consumer awareness regarding the consumption of nutritional food products and increasing preference for a healthy lifestyle are expected to drive the demand for insect protein over the forecast period. The insect industry is growing at a fast pace to increase production and supply chain, with a lot of investments, joint ventures, and partnerships. This has increased efficiency, advancements in technology, automation, improvements in genetics, and legislative changes. Moreover, insects are considered as a healthy food source in Western countries, that are packed with nutrients, are ecological, and are a sustainable source for food.
In addition, consumer preference to experiment with new food products for taste and nutritional benefits and that support sustainability is the key factor that positively impacts the market growth. The growing health consciousness among consumers across the globe has increased the demand for healthy and nutritious food products, thus providing opportunities for manufacturers in various industries to offer healthy and nutritious food products.
The sports and active nutrition segments have seen significant changes over the years with increasing demand from professional athletes, new protein supplements and energy bars, new players in the market, and changing consumer preferences. Preferences from consumers for a healthy lifestyle are driving the demand for protein…
[ad_2]
