Insect Protein Market size is expected to reach USD 1.74 billion by 2028
Insect Protein Industry Overview The global insect protein market size was valued at USD 249.9 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 27.4% from 2021 to 2028. 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 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 such food products. Insect protein holds high potential in combating world hunger as the demand for food products increases along with the growing population. Insect protein has a wide range of applications including animal feed production, food and beverage products, cosmetics, and personal care products. In addition, with the growing threats to globa...