Insect Protein Market Size, Share, Growth Analysis, By Product Type (Orthoptera, Hemiptera), By Product Form (Insect Powder, insect Oil), By Application (Animal Feed, Food and beverages), By Distribution Channel (Offline, Online), and By Region - Industry Forecast 2024-2031

Insect Protein Market Driver

Increasing R&D and start-up investments

• Several players in the insect protein market are developing plans to grow their operations and obtain market share. New product releases, alliances, and acquisitions are some of the primary strategies used by industry participants. For example, in March 2022, Global Bugs announced a collaboration with Smart Vet Group to focus on the development and production of pet food and supplemental products for pets using whole roasted crickets and cricket powder. In conjunction with Pure Simple True LLC, nsect, an insect protein company, released Bernie's, an ultra-premium and luxury brand for dog feed, in the US market in November 2021.

Insect Protein Market Challenge

Microbial Risk and Allergic Reactions

• Insect protein consumption is associated with a high risk of allergy reactions in humans. Because the use of insect protein in diverse applications is still in its early stages of study, there is a high danger of many undiscovered allergies and related disorders that cannot be treated immediately. Eating insects may provide risks due to chemical (e.g., heavy metal buildup) and microbiological contaminations. Furthermore, various insects have been linked to allergic reactions by ingesting, inhalation, direct contact, stings, and bites. Cross-reactivity with other taxonomically related food allergens, such as crustaceans, and inhalant allergens, such as house dust mites, can all contribute to the severe reactions observed after consuming insects.