Insect Protein Market Projected To Reach USD 1.51 Billion By 2030
San Francisco, 28 Aug 2024: The Report Insect Protein Market Size, Share & Trends Analysis Report By Product (Coleoptera, Lepidoptera, Hymenoptera, Orthoptera, Hemiptera, Diptera), By Application, By Region, And Segment Forecasts, 2024 - 2030 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 producti