Latin America Insect Protein Market Size & Outlook
The insect protein market in Latin America is expected to reach a projected revenue of US$ 58.8 million by 2028. A compound annual growth rate of 23% is expected of Latin America insect protein market from 2021 to 2028.
- Food Beverages & Tobacco
- Food Ingredients
- Insect Protein Market Outlook
- Food Ingredients
Revenue, 2020 (US$M)
$11.2
Forecast, 2028 (US$M)
$58.8
CAGR, 2021 - 2028
23.0%
Report Coverage
Latin America
Latin America Insect Protein Market, 2017-2028 (US$M)
Global Market
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Latin America insect protein market highlights
- The Latin America insect protein market generated a revenue of USD 11.2 million in 2020.
- The market is expected to grow at a CAGR of 23% from 2021 to 2028.
- In terms of segment, coleoptera was the largest revenue generating source in 2020.
- Orthoptera is the most lucrative source segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2021 to 2028.
Latin America data book summary
| Market revenue in 2020 | USD 11.2 million |
| Market revenue in 2028 | USD 58.8 million |
| Growth rate | 23% (CAGR from 2021 to 2028) |
| Largest segment | Coleoptera |
| Fastest growing segment | Orthoptera |
| Historical data covered | 2017 - 2019 |
| Base year for estimation | 2020 |
| Forecast period covered | 2021 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Coleoptera, Lepidoptera, Hymenoptera, Orthoptera, Hemiptera, Diptera |
| Key market players worldwide | Darling Ingredients Inc, InnovaFeed, Ynsect, Hexafly, Protix, Aspire Food Group, Chapul Cricket Protein, Nutrition Technologies, Entomo Farms, Goterra |
Other key industry trends
- In terms of revenue, Latin America region accounted for 4.5% of the global insect protein market in 2020.
- Globally, North America is projected to lead the regional market in terms of revenue in 2028.
- North America is the fastest growing regional market and is projected to reach USD 645.5 million by 2028.
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Insect Protein Market Scope
Insect Protein Market segmentation & scope
Insect Protein Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Darling Ingredients Inc | View profile | 15,800 | 5601 N MacArthur Boulevard, Irving, TX, United States, 75038 | www.darlingii.com |
| InnovaFeed | View profile | 251-500 | Paris, Ile-de-France, France, Europe | innovafeed.com |
| Ynsect | View profile | 101-250 | Fontaine, Bourgogne, France, Europe | www.ynsect.com/ |
| Hexafly | View profile | 1-10 | Kells, Meath, Ireland, Europe | www.hexafly.co/ |
| Protix | View profile | 101-250 | Dongen, Noord-Brabant, The Netherlands, Europe | www.protix.eu |
| Aspire Food Group | View profile | 51-100 | Austin, Texas, United States, North America | www.aspirefg.com |
| Chapul Cricket Protein | View profile | 1-10 | Salt Lake City, Utah, United States, North America | chapul.com/ |
| Nutrition Technologies | View profile | 101-250 | Singapore, Central Region, Singapore, Asia | www.nutrition-technologies.com |
| Entomo Farms | View profile | 11-50 | Norwood, Ontario, Canada, North America | entomofarms.com/ |
| Goterra | View profile | 11-50 | Canberra, Australian Capital Territory, Australia, Oceania | goterra.com.au/ |
Latin America Insect Protein Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Insect Protein Market Outlook will help companies and investors design strategic landscapes.
Coleoptera was the largest segment with a revenue share of 32.14% in 2020.
Horizon Databook has segmented the Latin America insect protein market based on coleoptera, lepidoptera, hymenoptera, orthoptera, hemiptera, diptera covering the revenue growth of each sub-segment from 2017 to 2028.
- Latin America Insect Protein Market Source Outlook (Revenue, USD Million , 2017-2028)
- Coleoptera
- Lepidoptera
- Hymenoptera
- Orthoptera
- Hemiptera
- Diptera
- Others
- Latin America Insect Protein Market Application Outlook (Revenue, USD Million , 2017-2028)
- Food & Beverages
- Animal Nutrition
- Pharmaceutical & Supplements
- Personal Care and Cosmetics
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America Insect Protein Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Latin America Insect Protein Market Outlook from 2017 to 2028, including revenue numbers, major trends, and company profiles.
Latin America Insect Protein Market, 2017-2028 (US$M)
Latin America insect protein market statistics, by source, 2017-2028 (US$M)
