According to MarketsandMarkets™, the global Insect Protein Market size is projected to reach USD 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.
The global insect protein market size was valued at USD 0.8 billion in 2022. The insect protein industry is estimated to expand USD 3.3 billion by 2027, exhibiting a CAGR of 33.4% over the projected period. 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. MarketsandMarkets™ provides this information in its research report, titled “Insect Protein Market Global Forecast, 2022-2027”.