North America Insect Protein Market - By Insect Type (Caterpillars, Beetles, Bees, Wasps and Ants, Grasshoppers, True Bugs, Locusts, Crickets, Black Soldier Flies, Cicadas, Leafhoppers, Plant Hoppers, Scale Insects, Termites, Dragonflies, Flies, Mealworms), By Application (Pharmaceuticals, Feed, Food and Beverage, Cosmetics), By Distribution Channel (Direct and Indirect), and By Industry Analysis, Size, Share & Forecast, 2023 – 2032

MVI Statistics and Viewpoints:

• North America Insect Protein Market Size exceeded USD 32,473.97 Million in 2022. 
• The market is expected to showcase a CAGR of over 25.6% from 2023 to 2032. 
• By the end of the forecast period, the market is anticipated to reach a valuation of around USD 318,837.11 Million.

The North American market is characterised by innovation and growth, owing to consumers' growing awareness of the environmental and nutritional benefits of insect-based products. Entomo Farms, Aspire Food Group, Beta Hatch, Tiny Farms, and Entosense are leaders in this industry, contributing to its growth with high-quality insect protein products and innovative farming techniques. As the demand for sustainable protein sources grows, these manufacturers will be crucial in shaping the future of food production in North America.

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Market Overview:

The North American market is a rapidly expanding and innovative segment of the food and feed industry, driven by rising demand for sustainable protein sources and the need to address environmental issues associated with traditional livestock farming. Insect protein, derived from edible insects, represents a promising alternative to traditional protein sources such as meat, fish, and soy because insects are highly efficient at converting feed into protein and require significantly less land, water, and feed than traditional livestock.

The North American insect protein market is distinguished by an increasing number of startups and established companies dedicated to insect farming, processing, and product development. Insect farming techniques and processing methods have improved efficiency and decreased costs, making insect protein more accessible to consumers.

The growing awareness of sustainable and environmentally friendly protein sources, rising demand for plant-based and alternative protein products, government and regulatory support for insect farming, and the rise of health-conscious consumers seeking nutritious and ethically sourced protein options are all factors driving the North America insect protein industry.

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Drivers:

• Sustainability and Environmental Concerns: The growing awareness and concern about the environmental impact of conventional livestock farming is one of the key drivers of the North American insect protein industry. Insect protein is a more sustainable option because insects require less land, water, and feed than traditional livestock. Insect farming reduces greenhouse gas emissions while also contributing to more efficient resource utilisation, making it an appealing option for environmentally conscious consumers and businesses.
   
• Rising Demand for Alternative Protein Sources: The growing demand for protein-rich diets, combined with the search for sustainable and ethical protein sources, has fueled interest in alternative protein sources such as insect protein. As consumers become more health-conscious and seek plant-based and alternative protein sources, the North America insect protein industry has grown significantly as a nutritious and environmentally friendly protein source.
   
• Growing Acceptance and Awareness: Consumer acceptance and awareness of insect-based foods has grown over time. Educational campaigns, marketing efforts, and the promotion of the nutritional and environmental benefits of insect protein have all contributed to changing consumer perceptions and attitudes, resulting in market growth.

Restraints:

• Regulatory Hurdles: One of the most significant restraints facing the market in North America is the lack of comprehensive regulatory frameworks. The use of insects as food and feed ingredients is a relatively new concept, and regulatory bodies are still developing guidelines and standards. Uncertainty in regulations can hinder market growth, as companies may face barriers to product approval and market entry.

By Insect Type Synopsys:                      

The market is classified by insect type into beetles, caterpillars, bees, wasps and ants, grasshoppers, locusts, crickets, true bugs, black soldier flies, cicadas, leafhoppers, plant hoppers, scale insects, termites, dragonflies, flies, mealworms, and others. Among these segments, the crickets segment  is estimated to lead the North America market during the forecast period. Crickets are widely recognised for their nutritional value, ease of farming, and versatility in a variety of food products, making them a well-established and prominent insect protein source in the region.

By Application Synopsys:

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The market is classified by application into feed, food and beverage, pharmaceuticals, cosmetics, and others. Among these segments, the feed segment is expected to hold a significant share of the North America insect protein market during the study period. Because of its potential to address sustainability issues in livestock farming, the use of insect protein in animal feed has gained significant traction. The nutritional benefits of insect protein, as well as its low environmental impact and positive impact on animal growth and health, have made it a preferred ingredient in feed formulations for aquaculture, poultry, and other livestock sectors.

However, the food and beverage segment is also rapidly expanding due to increased consumer awareness of sustainable and healthy food choices, making it a close contender for the largest share. The growing interest in sustainable and alternative protein sources, coupled with consumer demand for healthier and eco-friendly food options, is propelling the food and beverage sector.

Top Companies Includes In The North America Insect Protein Landscape:

• Aspire Food Group
• Entomo Farms
• Bugeater Foods
• All Things Bugs LLC
• GrubTubs
• Beta Hatch
• Protix
• Enterra Feed Corporation
• Tiny Farms
• Coalo Valley Farms
• Cricket One
• C-fu Foods
• Ynsect
• Hargol FoodTech
• EnsectPro
• Others

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In-depth analysis of North America Insect Protein Market along with industry coverage and forecasting for the following segments:

Market Size, By Insect Type

• Beetles
• Caterpillars
• Bees
• Wasps and Ants
• Grasshoppers
• Locusts
• Crickets
• True Bugs
• Black Soldier Flies
• Cicadas
• Leafhoppers
• Plant Hoppers
• Scale Insects
• Termites
• Dragonflies
• Flies
• Mealworms
• Others

Market Size, By Application

• Feed
• Food and Beverage
• Pharmaceuticals
• Cosmetics
• Others

Market Size, By Distribution Channel

• Direct
• Indirect