Market Size of Insect-Based Ingredients Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 1.89 Billion |
| Market Size (2029) | USD 2.91 Billion |
| CAGR (2024 - 2029) | 8.90 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Insect-Based Ingredients Market Analysis
The Insect-Based Ingredients Market size is estimated at USD 1.89 billion in 2024, and is expected to reach USD 2.91 billion by 2029, growing at a CAGR of 8.90% during the forecast period (2024-2029).
- The market will have a strong growth in the coming years owing to the trends such astechnological improvements in gene mapping, rising costs of animal feed ingredients and increasing demand for consumption of insects which will lead to an increased usage of insect-based ingredients.
- However, around 2,000 insect species are already consumed by humans and domestic animals across the globe as part of their regular diet, due to their high protein content, favorable fats, minerals, and vitamins. This has provided opportunities for food producers to enter this market and launch various products such as protein bars, snacks, whey protein, mealworm cookies, cricket pasta, honey caterpillar croquettes, mixed insect snacks, and candies based on insect protein.
