Thailand Insect Protein Market Size & Outlook, 2020-2028
Thailand insect protein market, 2017-2028 (US$M)
Related Markets
Thailand insect protein market highlights
- The Thailand insect protein market generated a revenue of USD 5.9 million in 2020 and is expected to reach USD 27.4 million by 2028.
- The Thailand market is expected to grow at a CAGR of 21.2% 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.
Insect protein market data book summary
| Market revenue in 2020 | USD 5.9 million |
| Market revenue in 2028 | USD 27.4 million |
| Growth rate | 21.2% (CAGR from 2020 to 2028) |
| Largest segment | Coleoptera |
| Fastest growing segment | Orthoptera |
| Historical data | 2017 - 2019 |
| Base year | 2020 |
| Forecast period | 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, Thailand accounted for 2.4% of the global insect protein market in 2020.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2028.
- In Asia Pacific, China insect protein market is projected to lead the regional market in terms of revenue in 2028.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 80.3 million by 2028.
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Insect Protein Market Scope
Insect Protein Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Thailand 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 will help companies and investors design strategic landscapes.
Coleoptera was the largest segment with a revenue share of 35.59% in 2020. Horizon Databook has segmented the Thailand insect protein market based on coleoptera, lepidoptera, hymenoptera, orthoptera, hemiptera, diptera covering the revenue growth of each sub-segment from 2017 to 2028.
- Thailand Insect Protein Source Outlook (Revenue, USD Million, 2017-2028)
- Coleoptera
- Lepidoptera
- Hymenoptera
- Orthoptera
- Hemiptera
- Diptera
- Others
- Thailand Insect Protein Application Outlook (Revenue, USD Million, 2017-2028)
- Food & Beverages
- Animal Nutrition
- Pharmaceutical & Supplements
- Personal Care and Cosmetics
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Target buyers of Thailand insect protein market databook
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Our clientele includes a mix of insect protein market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Thailand insect protein market , including forecasts for subscribers. This country databook contains high-level insights into Thailand insect protein market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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Thailand insect protein market size, by source, 2017-2028 (US$M)
Thailand Insect Protein Market Outlook Share, 2020 & 2028 (US$M)
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