Insect Protein Market Analysis: Opportunities, Innovations, and Growth Potential Through 2034

The global insect protein market was valued at USD 568.47 million in 2024 , and it is projected to grow at a compound annual growth rate (CAGR) of 17.0% during the forecast period from 2025 to 2034 . This significant growth is primarily driven by the rising demand for sustainable protein sources, increasing environmental concerns, and efforts to reduce carbon footprints associated with conventional food production methods.

Market Definition

Insect Protein : A nutrient-rich alternative protein derived from farmed insects such as crickets, mealworms, black soldier flies, and grasshoppers. It is used across various applications including animal feed, pet food ingredients, , aquafeed, and human nutrition, offering a sustainable and resource-efficient solution to meet global protein demands.

Key Report Highlights

• Based on application , the animal feed segment led the insect protein market share in 2024 , driven by the growing demand for sustainable and nutrient-dense alternatives to traditional feed options.
• The orthoptera segment , based on product type, is anticipated to witness the fastest growth during the forecast period, owing to the increasing recognition of grasshoppers, crickets, and locusts as sustainable, high-protein food sources .
• Europe dominated the insect protein market revenue share in 2024 , supported by favorable regulations , strong consumer awareness, and growing investments in insect farming technologies.
• The North American market is set to expand significantly, driven by evolving food industry trends that are fostering greater acceptance and utilization of insect protein in a wide range of products.
• Both qualitative and quantitative market analysis have been employed to provide a comprehensive understanding of current trends and future potential.

Market Overview: Key Figures at a Glance

• Market Value in 2024 : USD 568.47 million
• Projected CAGR (2025–2034) : 17.0%

Get access to the full report or request a complimentary sample for in-depth analysis: https://www.polarismarketresearch.com/industry-analysis/insect-protein-market 

Market Growth Drivers

The insect protein market is being propelled forward by several key factors:

• Rising global demand for sustainable and alternative protein sources amid population growth and resource scarcity
• Increasing awareness about the low environmental impact of insect farming compared to traditional livestock
• Supportive regulatory frameworks in regions like Europe encouraging the use of insect-based ingredients in feed and food
• Growing adoption in the livestock, aquaculture, and pet food industries as a premium protein supplement
• Technological advancements in insect rearing and processing techniques improving scalability and cost-efficiency

Market Key Players

The competitive landscape features a mix of established companies and emerging innovators focused on scaling up sustainable insect protein production. These players are investing heavily in R&D, vertical integration, and strategic partnerships to strengthen their market positions. Notable participants include:

• Ynsect
• Protix
• AgriProtein
• Darling Ingredients
• Hexafly
• Innovafeed
• Beta Hatch
• Entomo Farms
• Entobel
• nextProtein