Selbyville, Delaware, Jan. 13, 2021 (GLOBE NEWSWIRE) --
The North America Insect Protein Market for Athletes Application is expected to cross USD 19.5 million by 2026; according to a new research report by Global Market Insights, Inc. increasing adoption of insect protein as an alternative protein source coupled with increasing physical and athletic activities in the region will fuel the industry outlook.
Insect protein is significantly used in the manufacturing of protein and nutritional content. The protein bar application segment accounted for a revenue of USD 2.49 million of North America insect protein industry for athletes application in 2019 and is forecast to register more than 12.5% CAGR through 2026. This high growth is ascribed by its convenience of carrying and ease of handling. Nutritional supplement manufacturers are investing huge amounts in new product development such as high protein content nutritional bars, which is anticipated to augment the segment share over the forecast timeframe. Protein bars are likely to be increasingly preferred by Athletic and sports persons in North America since they are very nutritious and handy after a workout or sports practice.
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Some major findings of the North America Insect Protein Market for Athletes Application report include:
- A surge in the nutritional supplements and high protein content nutritional bars along with the increasing industry competitiveness is driving the demand for insect protein in manufacturing protein bars which is likely to fuel its market demand over the forthcoming years.
- Insects such as Bees, Wasps & Ants and Grasshoppers are increasingly used as protein source owing to high nutritional profile, and economic processing techniques. Furthermore, insect farming is increasing on the account of minimum investment and high demand from end-users.
- The North America Insect Protein Industry for Athletes Application is quite fragmented however some of the key players in the market include Yes Crickets, Coast Protein Inc, Aspire Food Group, Bitty Foods Inc and Hargol Foodtech.
- The U.S. region holds the largest share in the market and is projected to grow with a rapid pace owing to increasing demand for protein rich diet coupled with increasing consumer spending and changing lifestyles.
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), Application {Flour, Snacks, Protein Bars), Industry Analysis Report, Country Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2020 – 2026” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/north-america-insect-protein-market
Mexico insect protein market for athletes application accounted for USD 1.40 Million in 2019 and is projected to grow at a CAGR of 12.4% through 2026. The increasing consumption of healthy and nutritious food is one of the factors leading to the high paced growth of insect proteins in Mexico. Additionally, an increase in entrepreneurs to investigate the insect farming production and manufacturing may drive the industry statistics in Mexico.
The North America Insect Protein Market for Athletes Application is in its nascent stages of development, thus major players in the market are focusing on expansion of their existing production facilities to meet the growing consumer demands. For instance, in July 2020, Aspire Food Group purchased 12 acres of land in Ontario, Canada for the construction of the world’s largest automated, food grade cricket processing facility. Thus, increasing investment in the market and growing demand from the rapidly evolving consumers will foster the market share.
Toc of this report @ https://www.gminsights.com/toc/detail/north-america-insect-protein-market
Browse Related Report:
Edible Insects Market Statistics By Products (Beetles, Caterpillars, Grasshoppers, Bees, Wasps, Ants, Scale Insects & Tree Bugs), Application (Flour, Protein Bars, Snacks), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026
https://www.gminsights.com/industry-analysis/edible-insects-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.