Insect Protein Market Projected To Reach USD 1.74 Billion By 2028
San Francisco, 19 Apr 2022: The Report Insect Protein Market Size, Share & Trends Analysis Report By Source (Coleoptera, Orthoptera), By Application (Animal Nutrition, Food & Beverages), By Region, And Segment Forecasts, 2021 - 2028 The global insect protein market size is expected to reach USD 1.74 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 27.4% from 2021 to 2028. The growing consumer awareness regarding the consumption of nutritional food products and increasing preference for a healthy lifestyle are expected to drive the demand for insect protein over the forecast period. The insect industry is growing at a fast pace to increase production and supply chain, with a lot of investments, joint ventures, and partnerships. This has increased efficiency, advancements in technology, automation, improvements in genetics, and legislative changes. Moreover, insects are considered as a healthy food source in Wester