Animal-based and plant-based protein such as soy protein, pea protein, pulse protein, and others are conventional nutrition sources for human consumption. Plant-based and animal-based protein products represent 60-70% of production cost, which makes these alternatives significantly costlier than insect-based protein. As such, the popularity of insect-based protein is increasing across Asia Pacific and Europe. This is anticipated to boost the growth of the global edible insects for human consumption market over the next few years.
The global edible insects for the human consumption market has witnessed substantial growth in the past few years, and this trend is expected to continue throughout the forecast period. The market is estimated to rise at a steady CAGR of over 5% from 2020 to 2030.
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Key Takeaways from Edible Insects for Human Consumption Market Study
“Manufacture in the edible insects for human consumption market could gain broad profits by producing nutritional products such as protein bars, protein powder, protein drinks, etc. In addition, they can collaborate with foodservice and snack outlets to increase overall sales,” says a PMR analyst.
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Edible Insects for Human Consumption Market: Competitive Landscape
Key players need to be focused on manufacturers in end-use industries such as snacks, nutraceuticals, and ready-to-eat meals to expand their businesses. Insects are comparatively high in nutrients and proteins, and manufacturers need to increase awareness about the benefits of insect proteins and their nutritional value to end users. Many edible insect protein manufacturers are executing these strategies to increase their sales revenue.
Explore More Valuable Insights on Global Edible Insects for Human Consumption Market
Persistence Market Research, in its new report, offers an impartial analysis of the global edible insects for human consumption market, presenting historical data (2015–2019) and estimation statistics for the forecast period of 2020–2030. The study offers compelling insights on the edible insects for human consumption market based on insect (beetles, caterpillars, hymenoptera, orthoptera, true bugs, and others) and product (whole and ingredients), across seven regions.
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