Asia-Pacific insect protein market is projected to register a CAGR of 22.1% in the forecast period of 2020 to 2027. The new market report contains data for historic year 2018, the base year of calculation is 2019 and the forecast period is 2020 to 2027.
Market Segmentation:
Asia-Pacific Insect Protein Market, By Insect Type (Beetles, Caterpillars, Bees, Wasps & Ants, Grasshoppers, Locusts, Crickets, True Bugs, Black Soldier Flies, Cicadas, Leafhoppers, Plant Hoppers, Scale Insects, Termites, Dragonflies, Flies, Mealworms, and Others), Application (Feed, Food & Beverage, Pharmaceuticals and Cosmetics), Distribution Channel (Direct and Indirect), Country (Japan, China, South Korea, India, Australia, Singapore, Thailand, Indonesia, Malaysia, Philippines, New Zealand, Vietnam, Rest of Asia-Pacific) Industry Trends and Forecast to 2027
Some of the major factors contributing to the growth of the Asia-Pacific insect protein market are:
- Rising consumption of insect protein in livestock feed
- Increasing popularity of insect-based snacks
Market Players:
The key market players for Asia-Pacific insect protein market are listed below:
- Thailand Unique
- Enviroflight, LLC
- AgriProtein
- Entobel
- Global Bugs
- Haocheng Mealworms Inc.