Insect Protein Market Anticipated to Grow $3.3 billion by 2027
MarketsandMarkets reports that the global Insect Protein Market size is projected to reach $3.3 billion by 2027, at a CAGR of 33.4% during the forecast period, 2022-2027. The demand for animal protein is expanding quickly in emerging economies. The rising regulatory approvals from the developed regions for use of insect protein is propelling the growth of insect protein market.
As concerns around the environmental impact of traditional protein sources like beef and poultry have grown, consumers and food manufacturers have turned to alternative protein sources like insect protein. Insects are highly sustainable and require fewer resources to produce than traditional livestock.