MARKET REPORT 62 F&A Alternative Proteins Edition April 2023 The growing world population and the pressure caused by it on food and feed demand has been a global concern since a decade. As the world population proliferates, the demand for food as well as feed will increase, thereby necessitating an increase in food production by 70%. When we add the environmental concerns and the reality of sustainability to all these, it has become inevitable to evaluate alternatives better. Insects are a remarkable alternative for both human and animal nutrition that have been on the agenda in recent years. However, its place in our life is not new. Insects are an essential part of the everyday food intake for over 2 billion people worldwide. Global Insect Protein Market According to the report published by Research and Markets, the global insect protein market was estimated to be at US$ 428.12 Million in 2022, which is expected to grow with a CAGR of 26.5% and reach US$ 1,386.55 million by 2027. The market is driven by factors such as increased population, rising urbanization, growing venture investments in alternative protein companies, innovation in food technology, the high nutritional value of edible insects, and environmental sustainability with the production & consumption of alternative protein. By Derya Yildiz
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