North America Insect Protein Market Analysis

North America Insect Protein Market Analysis

The North America Insect Protein Market for Athletes Application is segmented by insect type into crickets, beetles, caterpillars, grasshoppers, locusts, bees, wasps & ants, scale insects & tree bugs, mealworms, and others. Beetles segment accounted for over USD 2.77 Million in 2019. Beetles are widely consumed as protein bars and snacks in North America owing to high protein content along with rich supply of calcium, iron, and zinc. Increasing demand for cost-effective and high-quality alternative protein source to conventional types of proteins used such as plant-based or animal proteins will augment the market share.
 

Changing consumer lifestyle, increasing spending capacity of people and rising consumer awareness regarding personal health & fitness in North America is driving higher protein intake. Insect protein is gaining traction during the recent past attributed to its advantages such as s low cost of raw materials, production, and transportation. Moreover, insect protein is considered environmentally sustainable as insect rearing emits lower greenhouse gas and lesser ammonia compared to livestock rearing.
 

North America Insect Protein Market for Athletes Application is bifurcated on the basis of application as flour, protein bars, snacks and others. The health benefits associated with the insect-based products, such as the reduction in saturated fats and carbohydrates, are stipulated to fuel the market demand for the insect proteins. The North America Insect Protein Industry for Athletes Application from snacks segment was valued at over USD 2.31 million in 2019 and is set to witness robust growth during the forecast period attributed to high protein and high in nutrients content. Furthermore, athletes have higher energy needs making it harder to consume the required daily calories through daily meals. thus, they require multiple meals and snacks to fulfill their daily calories’ needs and this will lead to an acceleration in the demand for insect proteins in the snacks market.
 

The Canadian Insect Protein Market for Athletes Application was valued at over USD 1.08 million in 2019 and will witness steady growth during forecast period, driven by increasing insect rearing and product adoption among customers. The increasing sports and athletic activities lead to the increased consumption of energy and higher requirement of proteins for athletes & sports persons, which is expected to raise the demand for insect proteins from athletic application.