The food and beverages end-user industry of the Insect Protein Market is set to grow with a CAGR of 33.97% over the aforesaid forecast period. It is mainly due to the wide range acceptance of edible insects particularly by the weight lifters and nutrition conscious people. Crickets, meal-worms, black soldier fly larvae, buffalo worms, grasshoppers, ants, silkworms, and cicadas are the most frequently consumed insects in the insect protein market. Insect protein powder is highly accepted in the bakery sector of FNB industry, owing to its greater nutritional benefits. It is majorly used in the preparation of baked-goods recipes such as cookies, pancakes and biscuits. Increase in the consumption of fish has been resulted in fish farming, in this case insect protein act as a natural food source for fish as it offers a great fish-meal. In addition to this, insect protein is used as a natural food source for poultry as well. Chitin is a polysaccharide, which is available in the exoskeleton of insects. It boosts up the immune system of poultry and eliminates the necessity of antibiotics, which impact the human food chain.Insect Protein Market: Disruptive Trends
Edible insects are broadly used as high-quality protein sources. They are well known for providing insect nutrition due to their high feed conversion efficiency compared to conventional livestock such as cattle, pig, and sheep. In terms of high-quality protein, crickets occupy 69% whereas beef holds 29% as the crickets comprises of nine essential acids together with magnesium, potassium, B12, calcium, iron, sodium and zinc. Furthermore, calcium content in the cricket flour dominates to milk, and same in case of iron than spinach. Additionally, it is also well-known as ecologically viable food source.
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Insect Protein Market: Disruptive Trends
Edible insects are broadly used as high-quality protein sources. They are well known for providing insect nutrition due to their high feed conversion efficiency compared to conventional livestock such as cattle, pig, and sheep. In terms of high-quality protein, crickets occupy 69% whereas beef holds 29% as the crickets comprises of nine essential acids together with magnesium, potassium, B12, calcium, iron, sodium and zinc.
Insect Protein Market: Competitive Landscape
Some of the key insect protein market share players operating in the global insect protein market are Next Protein Inc., Thailand Unique, Entomo Farms, Kreca Ento-Food, EnviroFlight, LLC, Nordic Insect Economy Ltd, EXO, Crik Nutrition, Agriprotein Technologies and Proti-Farm. These players are coming up with developments in order to mark their position in the insect protein market.
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