Vietnam Insect Protein Market to 2032
Overview
The Vietnam Insect Protein Market is expected to reach a 326.29 USD Million by 2032 and is projected to grow at a CAGR of 41.85% from 2025 to 2032.
Revenue, 2024 (USD Million)
63.32
Forecast, 2032 (USD Million)
326.29
CAGR, 2024 - 2032
41.85%
Report Coverage
Vietnam
Vietnam Insect Protein Market 2018-2032 USD Million
Vietnam Insect Protein Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 63.32 USD Million
- Projected Market Size (2032): 326.29 USD Million
- CAGR (2025-2032): 41.85%
Key Findings of Vietnam Insect Protein Market
- The Vietnam Insect Protein Market was valued at 63.32 USD Million in 2024.
- The Vietnam Insect Protein Market is likely to grow at a CAGR of 41.85% 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 41.71 USD Million
- The fastest growing segment Crickets in Insect Type Segment grew Fastest with a CAGR of 47.24% during the forecast period from 2024 to 2032.
Vietnam Insect Protein Market Scope
Vietnam Insect Protein Market Segmentation & Scope
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
Application
- Pharmaceuticals And Cosmetics
- Food & Beverage
- Feed
Distribution Channel
- Indirect
- Direct
Vietnam Insect Protein Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2019 |
| Unit | Revenue in USD Million |
| Market Value in 2024 | 63.32 USD Million |
| Market Value in 2032 | 326.29 USD Million |
| CAGR (2025-2032) | 41.85% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Insect Type,Application,Distribution Channel |
Regional Insights:
-
Leading Market (2024-2032): Vietnam, leading in terms of revenue 63.32 USD Million in 2024
- Key Country: Vietnam, leading in terms of revenue with value of 63.32 USD Million in 2024.
Segments and Scope
-
Vietnam Insect Protein Market to 2032, By Insect Type
- Beetles is the largest segment in Vietnam Insect Protein Market to 2032 with a revenue of 20.06 USD Million in the year 2024.
- Crickets is the Fastest growing segment in Vietnam Insect Protein Market to 2032 with a Growth rate of 44.81 % in forecast period 2025-2032.
-
Vietnam Insect Protein Market to 2032, By Application
- Feed is the largest segment in Vietnam Insect Protein Market to 2032 with a revenue of 37.82 USD Million in the year 2024.
- Food & Beverage is the Fastest growing segment in Vietnam Insect Protein Market to 2032 with a Growth rate of 40.15 % in forecast period 2025-2032.
-
Vietnam Insect Protein Market to 2032, By Distribution Channel
- Direct is the largest segment in Vietnam Insect Protein Market to 2032 with a revenue of 41.71 USD Million in the year 2024.
- Direct is the Fastest growing segment in Vietnam Insect Protein Market to 2032 with a Growth rate of 42.36 % in forecast period 2025-2032.
Vietnam Insect Protein Market Company Share Analysis
| Company Name |
|
||
| Enviroflight | |||
| Ynsect NL Nutrition & Health B.V. | |||
| Agriprotein | |||
| Enterra Solutions LLC | |||
| Aspire Food Group | |||
Vietnam Insect Protein Market Geographical Sales Distribution, 2018-2032 USD Million
Vietnam Insect Protein Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Vietnam Insect Protein Market is segmented based on Segmentation Insect Type,Application,Distribution Channel.
Vietnam Insect Protein Market was valued at USD 63.32(Revenue in USD Million) in 2019.
Vietnam Insect Protein Market is projected to grow at a CAGR of 41.85% during the forecast period of 2024 to 2032.
The Direct segment is expected to dominate the Vietnam Insect Protein Market, holding a largest market share of 41.71 USD Million in 2024
Vietnam Insect Protein Market Scope
Vietnam Insect Protein Market Segmentation & Scope
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
Application
- Pharmaceuticals And Cosmetics
- Food & Beverage
- Feed
Distribution Channel
- Indirect
- Direct
Frequently Asked Questions
The Vietnam Insect Protein Market is segmented based on Segmentation Insect Type,Application,Distribution Channel.
Vietnam Insect Protein Market was valued at USD 63.32(Revenue in USD Million) in 2019.
Vietnam Insect Protein Market is projected to grow at a CAGR of 41.85% during the forecast period of 2024 to 2032.
The estimated market value of the Vietnam Insect Protein Market for final year is USD 326.29 (USD Million).
Vietnam Insect Protein Market Company Profiling
Frequently Asked Questions
The Vietnam Insect Protein Market is segmented based on Segmentation Insect Type,Application,Distribution Channel.
Vietnam Insect Protein Market was valued at USD 63.32(Revenue in USD Million) in 2019.
Vietnam Insect Protein Market is projected to grow at a CAGR of 41.85% during the forecast period of 2024 to 2032.
The estimated market value of the Vietnam Insect Protein Market for final year is USD 326.29 (USD Million).
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