North America Insect Protein Market size for Athletes Application to exceed $19.5mn by 2026

North America Insect Protein Market size for athletes application is set to surpass USD 19.5 million by 2026; according to a new research report by Global Market Insights, Inc.
 

Insect protein is high-quality protein and is a sustainable alternative protein source in food & feed. Consumption of edible insects in the form of protein bars, flours, and snacks has been majorly observed in the U.S. Commonly consumed edible insects include cricket, locusts, beetle, and ants. After harvesting or rearing, insects are killed by freeze-drying, sun-drying, or boiling process. Edible insects are generally converted to a high protein and low-calorie flour through roasting and drying. Modifications or development of regulations pertaining to insect farming and edible insect consumption will shift the preference towards the product. Thus, generate new growth opportunities in the North America insect protein market for athletes application.

 

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Growing health consciousness among the youngsters coupled with growing sports and athletic activities in the region is driving the demand for protein rich diet. The consumption of insects in rapidly increasing in the diets owing to rising awareness about its nutritional benefits and high protein content. Shift in trend towards insect consumption as an alternative source of protein and avoiding unhealthy foods should drive the growth of North America insect protein industry for athletes application. However, the processing costs for edible insects are on the higher side as compared to conventional products which may hamper the market demand. Nevertheless, market participants are investing on expanding the production capacity and commercialization of insect rearing this will boost the growth of the market during the forecast period.
 

Mealworms to register fastest growth as an alternate source of protein owing to high protein content and availability of various healthy nutrients

Mealworms segment to register fastest growth during the forecast period and was valued at USD 120.47 thousand in 2019. Mealworms are gaining traction as alternative protein source in athletic diet owing to high protein content and availability of various healthy nutrients such as vitamin B5 and B12, potassium, and phosphorus. Furthermore, it requires only 10% of the land that is needed for beef production. The meal worms are increasingly being used as protein source for produce protein bars and snack bars. Thus, the increasing mealworms demand will support the growth of North America insect protein market for athletes application.
 

Rising insect flour demand in food processing and bakery industries to propel the industry statistics

Flour segment represents largest share in the market and was valued at over USD 3,520.34 thousand in 2019. Insect flour is increasingly used in the ready-to-eat food products and bakery products owing to their nutritional benefits. the insects-based flour consists of all essential vitamins, minerals, and amino acid required for the growth of the human body. Cricket flour is the most widely used insect flour used in different food products. In 2019, the cricket segment was valued at USD 1,112.27 million in 2019.
 

Browse key industry insights spread across 169 pages 74 market data tables and 32 figures and charts from the report “North America Insect Protein Market for Athletes Application By Insect Type (Crickets, Caterpillars, Beetles, Grasshoppers locusts, Bees, Wasps & Ants, Scale insects & Tree Bugs, Mealworms), By Application {Flour, Snacks, Protein Bars), Industry Analysis Report, Country Outlook, Application Potential, Price Trend, Competitive Marketin detail along with the table of contents:
https://www.gminsights.com/industry-analysis/north-america-insect-protein-market

 

Key players are adopting strategies such as mergers and acquisition and product development along with focusing on investing in capacity expansion and R&D activities in order to increase their market share in a competitive and fragment business environment. The major players in the North America insect protein market for athletes application include Aspire Food Group, Proti-Farm Holding N.V., Nutribug Ltd, Cricket Flours, Bugsolutely Ltd., Entomo Farms, Bitty Foods Inc, Thailand Unique, Haocheng Mealworms, Six Foods, Coast Protein inc, Hargol Foodtech, 3 Cricketeers, Yes Crickets, Earthproof Protein, Landish, Naak, Jurassic Snacks, Insectitos and All Things Bugs
 

Changing consumer lifestyle and increasing acceptance of insect-based products in the U.S. to boost industry growth in the region

U.S. Insect Protein Market for Athletic Application was valued at over USD 6,297.50 million in 2019 and is set to witness robust growth during the forecast period. Favorable government policies to promote the participation of youngsters in sports and athletics in the U.S. will foster the industry growth during the forecast period. The increasing young population and rising awareness regarding the health benefits of sports and athletics are likely to promote the market share. The increasing spending capacity of people coupled with the growing awareness about the benefits of insect protein is likely to boost the market trends.

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