New Feature. You can post a deal now, try to post your first deal to help others save money.
OKUpdata
Hey! Thank you so much for your support and quality posts for V Show!
And congratulations on becoming our Vipon Associated Editor.
From now on, in addition to getting 10 points for each post (up to 30 points daily), we will regularly review each of your articles, and each approved article (tagged with Featured label) will be paid an additional $50.
Note: Not all articles you posted will get $50, only those that meet our requirements will be paid, and articles or contents that do not meet the requirements will be removed.
Please continue to produce high quality content for organic likes. Our shoppers love seeing your stories & posts!
Congratulations! Your V SHOW post Planting Tips has become our Featured content, we will pay $50 for this post. Please check on your balance. Please continue to produce high quality original content!
The global insect protein market is expected to reach USD 856.08 million by 2029, growing at a compound annual growth rate (CAGR) of 24.1% during the forecast period. This growth is driven by the rising demand for alternative protein sources, increasing urbanization, and other key factors, as reported by Fortune Business Insights™ in their publication titled “Insect Protein Market, 2022-2029.” The market was valued at USD 153.92 million in 2021 and USD 189.32 million in 2022.
A major trend fueling this expansion is the growing demand for portable protein snacks and plant-based meat alternatives. As consumer preferences shift towards more sustainable and healthier food options, the food industry is undergoing a transformation. Producers can leverage this trend by expanding and innovating their product lines to meet the rising consumer demand for convenient protein snacks and plant-based solutions.
Information Source: https://www.fortunebusinessinsights.com/industry-reports/insect-based-protein-market-100780
Segments-
The market is categorized by product type into orthopterans, hymenopterans, lepidopterans, coleopterans, and others. Based on application, the market is segmented into three categories: food and beverages, animal feed, and pharmaceuticals and cosmetics. Geographically, the market is divided into Asia Pacific, South America, Europe, North America, and the Middle East & Africa.
Report Coverage-
The report encompasses key market developments and insights into various market segments.
Drivers & Restraints-
Rising Demand for Alternate Protein to Fuel Market Growth
Raising insects is more cost-effective than cultivating plants or rearing animals, and insects offer a higher protein content. This makes them increasingly attractive across various sectors, including beverages, aquafeed, nutraceuticals, pet food, and pharmaceuticals. The insect protein market is expected to continue its growth due to its rich protein content and versatile applications.
Market expansion is driven by advancements in food technology, urbanization, evolving consumer tastes and preferences, and the growing demand for alternative proteins. However, the market's growth may be hindered by the high production costs associated with expensive manufacturing processes.
Regional Insights-
Europe to Dominate Global Market Due to Wide Use of Insect Protein
Europe currently holds the largest market share for insect protein, and this market is expected to grow further, driven by significant consumption among middle-aged and older consumers in culinary applications, as well as an increasing demand for fiber-fortified products in countries like Germany and the UK.
In the Asia-Pacific region, rapid growth is anticipated due to rising local demand for insect protein. China, with its abundant raw materials, is expected to be a major catalyst for this growth. Furthermore, the expanding food and beverage and pharmaceutical sectors in South Korea, India, China, Indonesia, and Malaysia are projected to further support the development of the insect protein market in the region.
Competitive Landscape-
Key Players Adopt Innovative Strategies to Acquire Growth
The insect protein market is highly competitive, featuring a mix of small and large-scale manufacturers. Key players in this market include EntomoFrams, Jimini's, EnviroFlight LLC, Aspire Food Group, Protix, Innovafeed, Hexafly, and Swarm Nutrition GmbH. These leading companies are focused on expanding their production capacities to meet increasing demand and drive business growth. They also participate in strategic activities such as alliances, mergers, and acquisitions to bolster their expansion efforts. For instance, Ńsect acquired Protifarm in April 2021 as part of its growth strategy.
List of Key Market Players-
The global insect protein market is expected to reach USD 856.08 million by 2029, growing at a compound annual growth rate (CAGR) of 24.1% during the forecast period. This growth is driven by the rising demand for alternative protein sources, increasing urbanization, and other key factors, as reported by Fortune Business Insights™ in their publication titled “Insect Protein Market, 2022-2029.” The market was valued at USD 153.92 million in 2021 and USD 189.32 million in 2022.
A major trend fueling this expansion is the growing demand for portable protein snacks and plant-based meat alternatives. As consumer preferences shift towards more sustainable and healthier food options, the food industry is undergoing a transformation. Producers can leverage this trend by expanding and innovating their product lines to meet the rising consumer demand for convenient protein snacks and plant-based solutions.
Information Source: https://www.fortunebusinessinsights.com/industry-reports/insect-based-protein-market-100780
Segments-
The market is categorized by product type into orthopterans, hymenopterans, lepidopterans, coleopterans, and others. Based on application, the market is segmented into three categories: food and beverages, animal feed, and pharmaceuticals and cosmetics. Geographically, the market is divided into Asia Pacific, South America, Europe, North America, and the Middle East & Africa.
Report Coverage-
The report encompasses key market developments and insights into various market segments.
Drivers & Restraints-
Rising Demand for Alternate Protein to Fuel Market Growth
Raising insects is more cost-effective than cultivating plants or rearing animals, and insects offer a higher protein content. This makes them increasingly attractive across various sectors, including beverages, aquafeed, nutraceuticals, pet food, and pharmaceuticals. The insect protein market is expected to continue its growth due to its rich protein content and versatile applications.
Market expansion is driven by advancements in food technology, urbanization, evolving consumer tastes and preferences, and the growing demand for alternative proteins. However, the market's growth may be hindered by the high production costs associated with expensive manufacturing processes.
Regional Insights-
Europe to Dominate Global Market Due to Wide Use of Insect Protein
Europe currently holds the largest market share for insect protein, and this market is expected to grow further, driven by significant consumption among middle-aged and older consumers in culinary applications, as well as an increasing demand for fiber-fortified products in countries like Germany and the UK.
In the Asia-Pacific region, rapid growth is anticipated due to rising local demand for insect protein. China, with its abundant raw materials, is expected to be a major catalyst for this growth. Furthermore, the expanding food and beverage and pharmaceutical sectors in South Korea, India, China, Indonesia, and Malaysia are projected to further support the development of the insect protein market in the region.
Competitive Landscape-
Key Players Adopt Innovative Strategies to Acquire Growth
The insect protein market is highly competitive, featuring a mix of small and large-scale manufacturers. Key players in this market include EntomoFrams, Jimini's, EnviroFlight LLC, Aspire Food Group, Protix, Innovafeed, Hexafly, and Swarm Nutrition GmbH. These leading companies are focused on expanding their production capacities to meet increasing demand and drive business growth. They also participate in strategic activities such as alliances, mergers, and acquisitions to bolster their expansion efforts. For instance, Ńsect acquired Protifarm in April 2021 as part of its growth strategy.
List of Key Market Players-
Are you sure you want to stop following?
Congrats! You are now a member!
Start requesting vouchers for promo codes by clicking the Request Deal buttons on products you want.
Start requesting vouchers for promo codes by clicking the Request Deal buttons on products you want.
Sellers of Amazon products are required to sign in at www.amztracker.com
More information about placing your products on this site can be found here.
Are you having problems purchasing a product with the supplied voucher? If so, please contact the seller via the supplied email.
Also, please be patient. Sellers are pretty busy people and it can take awhile to respond to your emails.
After 2 days of receiving a voucher you can report the seller to us (using the same button) if you cannot resolve this issue with the seller.
For more information click here.
We have taken note and will also convey the problems to the seller on your behalf.
Usually the seller will rectify it soon, we suggest now you can remove this request from your dashboard and choose another deal.
If you love this deal most, we suggest you can try to request this deal after 2 days.
This will mark the product as purchased. The voucher will be permanently removed from your dashboard shortly after. Are you sure?
You are essentially competing with a whole lot of other buyers when requesting to purchase a product. The seller only has a limited amount of vouchers to give out too.
Select All Groups
✕
Adult Products
Arts, Crafts & Sewing
Automotive & Industrial
Beauty & Grooming
Cell Phones & Accessories
Electronics & Office
Health & Household
Home & Garden
Jewelry
Kitchen & Dining
Men's Clothing & Shoes
Pet Supplies
Sports & Outdoors
Toys, Kids & Baby
Watches
Women's Clothing & Shoes
Other
Adult Products
©Copyright 2024 Vipon All Right Reserved · Privacy Policy · Terms of Service · Do Not Sell My Personal Information
Comments