Insect-based Protein Market
Insect-based Protein Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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Insect-based Protein Market Size and Growth
The insect-based protein market is experiencing significant growth, driven by rising demand for sustainable and alternative protein sources. As of 2023, the global market size is estimated at approximately $1.4 billion and is projected to reach $8 billion by 2028, reflecting increasing consumer awareness and adoption in food and feed industries.
Companies Covered
(Covid 19 Impact Covered)
◍ Thailand Unique
◍ Agriprotein Technologies
◍ Proti-Farm
◍ EnviroFlight
◍ Entomo Farms
◍ Nordic Insect
◍ Kreca Ento-Food
◍ CRIK Nutrition
◍ Exo Protein
◍ Deli Bugs
◍ Hopper Foods
◍ Kric8
The insect-based protein market features companies like Thailand Unique, Agriprotein Technologies, and ProtiFarm, which produce protein for animal feed and human consumption. They innovate sustainable protein sources, enhance product acceptance, and expand applications in food products. Some companies' revenue figures include Agriprotein Technologies at $3 million and Exo Protein at $1 million.
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Market Segmentation
By Application
◍ Food and Beverage
◍ Animal Nutrition
◍ Pharmaceutical & Cosmetics
◍ Others
By Product
◍ Crickets ◍ Black Soldier Flies ◍ Mealworms ◍ Others
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Market Growth
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$ X Billion USD
