Product Launches to Meet the Growing Demand for Global Insect Protein Market

Global insect protein market is anticipated to grow at a CAGR of 27.7% during the forecast period (2023-2031). The increasing research evidence suggests that the inclusion of insect proteins has some positive features beyond nutritional value, palatability is one such benefit. Moreover, research suggests that the gut health of certain species can be improved by including insects in the diet. High-value freshwater species, such as eels and sturgeon, which in the wild are largely insect and crustacean predators, especially benefit from having insect protein in their diet. The growing investment in the insect industry and high insect protein demand from the animal feedstock sector are promoting new product launches. 

Browse the full report description of “Insect Protein Market Size, Share & Trends Analysis Report by Type (Crickets, Mealworms, Grasshoppers, Ants, Bees, Termites, Black Soldier Fly, and Others), and by Application ( Food & Beverages, Animal Nutrition, Pharmaceuticals & Nutraceuticals, and Personal Care & Cosmetics) Forecast Period (2024-2031)” at https://omrglobal.com/industry-reports/insect-protein-market

Some recent launches include:

• In January 2024, Globe Buddy launched Globe Buddy Brown, a sustainable dog food containing protein from black soldier fly larvae. The product aims to promote a greener lifestyle and reduce carbon emissions. The product's ingredients have a third-party validated carbon footprint that is over half that of typical dog food.

• In February 2024, Innovafeed launched two new insect products: an oil for aquaculture and an insect protein for monogastrics. These products aim to harness the power of insects in aquaculture and monogastrics, providing a more effective and sustainable solution for aquaculture and monogastrics.

• In August 2023, Nestlé Purina introduced pet food that uses alternative proteins, including insects and plant protein from fava beans and millet. Additionally, there are two dog and cat recipes in the series that are produced with chicken, pig liver, and millet. The ingredients are steamed to maintain nutrient quality, catering to the unique nutritional requirements and taste profiles of each species.

Market Coverage

• The market number available for – 2023-2031

• Base year- 2023

• Forecast period- 2024-2031

• Segment Covered- 

o By Type

o By Application 

• Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

• Competitive Landscape - Darling Ingredients Inc., GoDaddy, LLC, Innovafeed, Protix B.V., and Ynsect (SAS) among others.

Key questions addressed by the report.

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Insect Protein Market Report Segment

By Type

• Crickets
• Mealworms
• Grasshoppers
• Ants
• Bees
• Termites
• Black Soldier Fly
• Others ( Plant Hoppers, and Scale Insects)

By Application

• Food & Beverages
• Animal Nutrition
• Pharmaceuticals & Nutraceuticals
• Personal Care & Cosmetics 

Global Insect Protein Market Report Segment by Region

North America

• United States

• Canada 

Europe

• UK

• Germany

• Italy

• Spain

• France

• Rest of Europe 

Asia-Pacific

• China

• India

• Japan

• South Korea

• Rest of Asia-Pacific 

Rest of the World

• Latin America 

• Middle East & Africa

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