Insect Biotechnology Market was valued at USD 1.2 Billion in 2022 and is projected to reach USD 3.5 Billion by 2030, growing at a CAGR of 14.5% from 2024 to 2030.
On the demand side, several innovations took place, especially in the food and feed industry, where companies began incorporating insect protein into pet food, livestock feed, and even human food products. Additionally, the market saw advancements in the development of insect-based biofertilizers and biopesticides, which have the potential to revolutionize agriculture by reducing harmful chemical use. However, despite these innovations, the market faced challenges such as consumer skepticism and regulatory hurdles, which slowed growth in certain regions. This cautious adoption meant that the full potential of insect biotechnology remained somewhat untapped during this time.
Looking ahead from 2023 to 2033, the Insect Biotechnology Market is poised to experience rapid expansion. Factors such as increased acceptance of insect-based products, technological advancements in insect farming, and the development of regulatory frameworks are expected to drive growth. With global food security becoming an urgent priority and an increasing number of startups and established companies entering the insect protein and biotechnology space, the market is projected to grow exponentially. The shift toward sustainable agriculture and the rising demand for protein-rich food sources are anticipated to fuel the adoption of insect-based solutions. As consumer preferences evolve and awareness of the environmental impact of traditional farming practices rises, the demand for insect-based alternatives will likely surge.
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The Insect Biotechnology Market, spanning from 2018 to 2022, saw significant developments in both research and commercial applications. With insects being explored for a wide range of uses including food, animal feed, biopesticides, and pharmaceuticals, the market experienced a rise in demand driven by factors such as environmental sustainability, increasing population, and growing consumer awareness. During this period, the market grew at a steady pace with an expanding interest in the nutritional value of insect-based products and the reduction of dependency on traditional agriculture. With the increasing need for sustainable food sources and eco-friendly solutions to global challenges like waste management and climate change, industries began to invest heavily in insect biotechnology.
Protix
Nutrition Technologies Group
EnviroFlight Corporation
InnovaFeed
SFly Comgraf SAS
AgriProtein
BioflyTech
Protix B.V.
Entofood Sdn Bhd
Hexafly
F4F SpA
Bühler
SFLY
Guangzhou Unique Biotechnology
Shanghai Servanimal Bio-Tech
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Insect Biotechnology Market
Animal Feed
Medical
Cosmetic
Agriculture
Other
Based on Types the Market is categorized into Below types that held the largest Insect Biotechnology market share In 2023.
Extracted Oil
Extracted Powder
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Insect Biotechnology Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Insect Biotechnology Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Insect Biotechnology Market, By Type
6. Global Insect Biotechnology Market, By Application
7. Global Insect Biotechnology Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Insect Biotechnology Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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