Insect Protein Processing Equipment Market Worth $210.6 Million by 2029

Developing regions, such as Asia, Africa, and Latin America, are expected to witness exponential human population growth and changes in dietary patterns in tandem with economic growth, leading to a 70% increase in the demand for livestock products by 2050. The prices of livestock products are increasing due to the rising feed costs. At present, the feed cost accounts for 60–70% of the total livestock production costs. Fish and soybean meal are the major protein sources for animal feed.