South Korea Insect Protein Market to 2032
Overview
The South Korea Insect Protein Market is expected to reach a 135.65 USD Million by 2032 and is projected to grow at a CAGR of 38.72% from 2025 to 2032.
Revenue, 2024 (USD Million)
29.22
Forecast, 2032 (USD Million)
135.65
CAGR, 2024 - 2032
38.72%
Report Coverage
South Korea
South Korea Insect Protein Market 2018-2032 USD Million
South Korea Insect Protein Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 29.22 USD Million
- Projected Market Size (2032): 135.65 USD Million
- CAGR (2025-2032): 38.72%
Key Findings of South Korea Insect Protein Market
- The South Korea Insect Protein Market was valued at 29.22 USD Million in 2024.
- The South Korea Insect Protein Market is likely to grow at a CAGR of 38.72% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Direct in Distribution Channel Segment accounted for the largest share of the market with a revenue of 19.48 USD Million
- The fastest growing segment Crickets in Insect Type Segment grew Fastest with a CAGR of 43.99% during the forecast period from 2024 to 2032.
South Korea Insect Protein Market Scope
South Korea Insect Protein Market Segmentation & Scope
Application
- Pharmaceuticals And Cosmetics
- Food & Beverage
- Feed
Insect Type
- Mealworms
- Flies
- Dragonflies
- Termites
- Scale Insects
- Plant Hoppers
- Others
- Leafhoppers
- Cicadas
- True Bugs
- Crickets
- Black Soldier Flies
- Locusts
- Grasshoppers
- Wasps & Ants
- Bees
- Caterpillars
- Beetles
Distribution Channel
- Indirect
- Direct
South Korea Insect Protein Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2019 |
| Unit | Revenue in USD Million |
| Market Value in 2024 | 29.22 USD Million |
| Market Value in 2032 | 135.65 USD Million |
| CAGR (2025-2032) | 38.72% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Application,Insect Type,Distribution Channel |
Regional Insights:
-
Leading Market (2024-2032): South Korea, leading in terms of revenue 29.22 USD Million in 2024
- Key Country: South Korea, leading in terms of revenue with value of 29.22 USD Million in 2024.
Segments and Scope
-
South Korea Insect Protein Market to 2032, By Application
- Feed is the largest segment in South Korea Insect Protein Market to 2032 with a revenue of 18.02 USD Million in the year 2024.
- Food & Beverage is the Fastest growing segment in South Korea Insect Protein Market to 2032 with a Growth rate of 37.39 % in forecast period 2025-2032.
-
South Korea Insect Protein Market to 2032, By Insect Type
- Beetles is the largest segment in South Korea Insect Protein Market to 2032 with a revenue of 10.42 USD Million in the year 2024.
- Crickets is the Fastest growing segment in South Korea Insect Protein Market to 2032 with a Growth rate of 40.92 % in forecast period 2025-2032.
-
South Korea Insect Protein Market to 2032, By Distribution Channel
- Direct is the largest segment in South Korea Insect Protein Market to 2032 with a revenue of 19.48 USD Million in the year 2024.
- Direct is the Fastest growing segment in South Korea Insect Protein Market to 2032 with a Growth rate of 39.19 % in forecast period 2025-2032.
South Korea Insect Protein Market Company Share Analysis
| Company Name |
|
||
| Enviroflight | |||
| Ynsect NL Nutrition & Health B.V. | |||
| Agriprotein | |||
| Enterra Solutions LLC | |||
| Aspire Food Group | |||
South Korea Insect Protein Market Geographical Sales Distribution, 2018-2032 USD Million
South Korea Insect Protein Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The South Korea Insect Protein Market is segmented based on Segmentation Application,Insect Type,Distribution Channel.
South Korea Insect Protein Market was valued at USD 29.22(Revenue in USD Million) in 2019.
South Korea Insect Protein Market is projected to grow at a CAGR of 38.72% during the forecast period of 2024 to 2032.
The Direct segment is expected to dominate the South Korea Insect Protein Market, holding a largest market share of 19.48 USD Million in 2024
South Korea Insect Protein Market Scope
South Korea Insect Protein Market Segmentation & Scope
Application
- Pharmaceuticals And Cosmetics
- Food & Beverage
- Feed
Insect Type
- Mealworms
- Flies
- Dragonflies
- Termites
- Scale Insects
- Plant Hoppers
- Others
- Leafhoppers
- Cicadas
- True Bugs
- Crickets
- Black Soldier Flies
- Locusts
- Grasshoppers
- Wasps & Ants
- Bees
- Caterpillars
- Beetles
Distribution Channel
- Indirect
- Direct
Frequently Asked Questions
The South Korea Insect Protein Market is segmented based on Segmentation Application,Insect Type,Distribution Channel.
South Korea Insect Protein Market was valued at USD 29.22(Revenue in USD Million) in 2019.
South Korea Insect Protein Market is projected to grow at a CAGR of 38.72% during the forecast period of 2024 to 2032.
The estimated market value of the South Korea Insect Protein Market for final year is USD 135.65 (USD Million).
South Korea Insect Protein Market Company Profiling
Frequently Asked Questions
The South Korea Insect Protein Market is segmented based on Segmentation Application,Insect Type,Distribution Channel.
South Korea Insect Protein Market was valued at USD 29.22(Revenue in USD Million) in 2019.
South Korea Insect Protein Market is projected to grow at a CAGR of 38.72% during the forecast period of 2024 to 2032.
The estimated market value of the South Korea Insect Protein Market for final year is USD 135.65 (USD Million).
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