Published Date: 31-Mar-2022
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According to a new report, published by KBV research, The Global Insect Protein Market size is expected to reach $943.3 millionby 2027, rising at a market growth of 23.8% CAGR during the forecast period.
The Coleoptera segment is leading the Global Insect Protein Market by Source in 2020; thereby, achieving a market value of $285.5 million by 2027. This is because Coleoptera is safe to eat and is available in a variety of insect-based goods such as insect-based oil, protein powder, flour, and more. Edible beetles, aquatic beetles, wood-boring larvae, and dung beetles are all included in this category.
The Food & Beverages market is showcasing a CAGR of 25.8% during (2021 - 2027). This is because of the support offered by many nations to the consumption of insects for human consumption. Functional foods, nutritional bars, and protein-rich foods are just a few examples of items that can be used in the food and beverage industry.
The Europe is fastest growing region in the Global Insect Protein Market by Region in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $329.0 million by 2027. The North America market is estimated to witness a CAGR of 23.6% during (2021 - 2027). Additionally, The Asia Pacific market would experience a CAGR of 23.9% during (2021 - 2027).
Full Report: https://www.kbvresearch.com/insect-protein-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of InnovaFeed, Darling Ingredients, Inc., SAS Ynsect, Protix BV, NTG Holdings Pte. Ltd., Goterra, Entomo Farms, Chapul, Aspire Food Group, and Hexafly.
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