PUBLISHER: Grand View Research | PRODUCT CODE: 1529876
PUBLISHER: Grand View Research | PRODUCT CODE: 1529876
The global insect protein market size is anticipated to reach USD 1.51 billion by 2030, registering a CAGR of 16.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. The demand for insect protein is growing as it is recognized as a sustainable alternative to traditional livestock, requiring significantly less land & water and emitting fewer greenhouse gases (GHG). Regulatory approvals, such as those in the EU allowing insect protein in animal feed, foster market acceptance and expansion. Consumer acceptance of insect protein is gradually increasing, driven by awareness campaigns and educational efforts highlighting its benefits.
Beetle protein's high nutritional value, combined with its sustainable production methods, appeals to health-conscious and environmentally aware consumers. As the stigma around eating insects diminishes, the market for beetle-based products is expected to grow. Innovations in processing and product development are also making the beetle protein more accessible and appealing to a broader audience. Companies like InnovaFeed employ state-of-the-art bioconversion processes to transform organic waste into high-quality insect protein, promoting a circular economy. Genetic engineering also plays a significant role, with research focused on enhancing the nutritional profile and growth rates of insects.
These technological improvements make insect protein production more scalable and cost-effective, allowing producers to meet the rising demand from various sectors, including animal feed, pet food, and aqua feed. Key players drive innovation and growth by developing sustainable solutions for animal feed and other sectors. They focus on scaling production through advanced farming technologies and partnerships with industry leaders. These companies are expanding product portfolios to include insect-based protein and oils, targeting diverse applications, such as aquaculture and monogastric animal nutrition. Their efforts are supported by increasing regulatory acceptance and growing consumer awareness of the environmental benefits associated with insect protein as a viable alternative to traditional livestock feed.