insect protein market

The insect protein market is projected to reach approximately $1.4 billion by 2026. This growth is driven by increasing demand for sustainable protein sources and the rising popularity of insect-based food products. 

Here's a more detailed breakdown:

Market Growth:
The insect protein market is experiencing significant growth, with a projected Compound Annual Growth Rate (CAGR) of around 38%. 

Sustainability and Nutrition:
Insect protein is a highly sustainable and nutritious alternative to traditional animal proteins, as insects require less land, water, and feed to produce the same amount of protein. 

Applications:
Insect protein is used in various applications, including aqua feed as a replacement for fish meal, and in sports nutrition and food products. 

Market Size:
The market size was valued at USD 152 million in 2018. 

Companies:
Companies like InnovaFeed and Livin Farms are involved in the insect protein industry. 

Edible Insects Market:
The global edible insects market size was USD 1.23 billion in 2023, accounted for USD 1.48 billion in 2024, and is expected to reach around USD 9.14 billion by 2034, expanding at a CAGR of 20% from 2024 to 2034.