North America Insect Protein Market Introduction

 The North America insect protein market refers to the consumption and production of protein derived from insects for use in human and animal nutrition in the United States, Canada, and Mexico. In recent years, there has been an increasing interest in using insects as a sustainable source of protein due to their high nutritional value, low environmental impact, and the potential to address food security issues.The North America insect protein market is still in its nascent stage but is expected to witness significant growth in the coming years due to the increasing demand for sustainable protein sources and the growing awareness about the health benefits of insect protein. The market is segmented based on insect type, application, and end-use industry. Commonly used insects for protein production in North America include crickets, mealworms, and black soldier flies.The application of insect protein is varied and includes food and beverage products, dietary supplements, and animal feed. Insect protein is used in human nutrition as a high-protein ingredient in products such as energy bars, protein powders, and snacks. In animal nutrition, insect protein is used as a feed ingredient for livestock, poultry, and aquaculture.The North America insect protein market is also driven by the increasing popularity of alternative protein sources and the growing demand for sustainable food products. The use of insect protein offers several benefits such as a low environmental footprint, a high nutritional value, and a potential solution for food security issues.

North America Insect Protein Market Size

The North America insect protein market was valued at $89.6 million in 2020 and is projected to reach $1,015.3 million by 2028, growing at a CAGR of 37.3% from 2021 to 2028. The growth of this market is attributed to the increasing demand for sustainable protein sources, rising health consciousness, and the growing trend of using insect protein in animal feed.

North America Insect Protein Market Share

 As per the same report by Meticulous Research, the North America insect protein market was dominated by the animal feed segment in 2020, accounting for the largest share of the market. This is due to the increasing use of insect protein in animal feed, especially in aquaculture and poultry industries. The human food and pet food segments are also expected to witness significant growth during the forecast period. The market is highly fragmented with several players operating in the region, but Entomo Farms, Aspire Food Group, Protix, and Ynsect are some of the key players in the North America insect protein market

North America Insect Protein Market Trends

The North America insect protein market is witnessing several trends that are likely to shape the industry's growth in the coming years. Some of the key trends are:

1. Growing demand for sustainable protein sources: With the increasing concern about the sustainability of animal-based protein sources, there is a growing demand for alternative protein sources such as insect protein. Insect protein is a more sustainable and eco-friendly protein source as it requires less land, water, and feed compared to traditional animal protein sources.
2. Increasing use in animal feed: The use of insect protein in animal feed is increasing due to its high nutritional value and cost-effectiveness. Insect protein is rich in amino acids, vitamins, and minerals and is an excellent source of protein for animal feed, especially in aquaculture and poultry industries.
3. Rising popularity of cricket protein: Cricket protein is one of the most popular insect proteins in North America, mainly due to its neutral taste, high protein content, and versatility in various food applications. Cricket protein is used in several food products, including protein bars, shakes, and snacks.
4. Innovation in product development: Several companies are investing in R&D to develop innovative insect protein products with improved taste, texture, and nutritional value. The focus is on creating products that are more appealing to consumers and can compete with traditional protein sources.
5. Increasing collaborations and partnerships: To expand their market presence and accelerate growth, several players in the North America insect protein market are forming strategic partnerships and collaborations with other players in the industry, including ingredient suppliers, retailers, and food manufacturers.

North America Insect Protein Market Driving Factors

 The increasing demand for sustainable protein alternatives and rising awareness about the nutritional value of insect protein are the key driving factors for the North America insect protein market. Insect protein is an eco-friendly and cost-effective alternative to traditional animal protein sources, and it is also rich in nutrients such as essential amino acids, vitamins, and minerals. Additionally, the growth of the insect protein market is further fueled by the increasing adoption of insect-based ingredients by food and feed manufacturers

North America Insect Protein Market Regional Analysis

The North America insect protein market is segmented into the United States and Canada.In the United States, the market is expected to witness significant growth owing to the increasing demand for sustainable protein sources and the presence of key players in the region. The United States is one of the largest consumers of meat products globally, and the rising awareness about the environmental impact of animal agriculture is driving the demand for alternative protein sources such as insect protein. Additionally, the increasing adoption of insect protein by food and feed manufacturers in the region is expected to drive market growth.In Canada, the market is expected to witness steady growth owing to the growing interest in insect-based foods and the presence of a large number of insect-based protein companies in the region. The Canadian government has also approved the use of insect protein in animal feed, which is expected to drive the growth of the insect protein market in the country. Additionally, the growing interest in sustainable protein sources and the nutritional value of insect protein are expected to drive market growth in the region.

North America Insect Protein Market Forecast 2030

The North America insect protein market is expected to grow significantly in the forecast period from 2021 to 2030. The increasing demand for protein-rich food products among consumers, coupled with the rising awareness regarding the health benefits of consuming insect protein, is expected to drive the market growth.The North America insect protein market is expected to grow at a CAGR of 27.8% during the forecast period. The market is driven by the increasing demand for insect protein as a sustainable and healthy alternative to traditional protein sources. Furthermore, the growing demand for animal feed and pet food is also expected to drive the market growth.The United States is the largest market for insect protein in the region, owing to the presence of a large number of insect protein manufacturers and increasing consumer awareness about the health benefits of consuming insect protein. Canada is also expected to witness significant growth in the forecast period due to the increasing demand for sustainable food products and the presence of a few insect protein manufacturers in the region.Overall, the North America insect protein market is expected to witness significant growth in the coming years, driven by the increasing demand for sustainable and healthy protein sources.

North America Insect Protein Market Industry Key Players

Some of the key players in the North America Insect Protein market include:

1. Entomo Farms
2. Aspire Food Group
3. Bugsolutely Inc.
4. Exo Inc.
5. Hargol FoodTech
6. Chapul Inc.
7. C-Fu Foods Inc.
8. Bitty Foods
9. Jimini's
10. Aketta