Market Overview:
Edible Insect Market Size Was Valued at USD 237.15 Million in 2022, and is Projected to Reach USD 1291.73 Billion by 2030, Growing at a CAGR of 23.6% From 2023-2030. Analysis Period {2024-2032}
The edible insect market is experiencing substantial growth as global awareness increases around sustainability and the need for alternative protein sources. Edible insects, such as crickets, mealworms, and grasshoppers, offer high protein content, essential nutrients, and are considered environmentally friendly compared to traditional livestock farming. The market is driven by growing interest in food security, environmental concerns, and a shift towards healthier eating habits. While once limited to specific regions like Asia and Africa, the edible insect market is expanding into Western markets, driven by the demand for innovative food products and sustainable solutions.
The Major Players Covered in this Report:
Coalo Vally Farms (US), Cricket Lab (U.K.), JR Unique Foods Ltd., Part(Thailand), Global Bugs Asia Co., Ltd. (Thailand), Haocheng Mealworm Inc. (China), Kreca Ento-Food BV (The Netherlands), Aspire Food Group (US), Agriprotien Technologies (South Africa), Chapul (US), Thailand Unique (Thailand), Six Foods (US), Crowbar Protein (Iceland), Gathr Foods (United Kingdom), Protix (Netherlands), Ynsect (France) and other major players.
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Market Dynamics and Factors Influencing Growth:
Market Driver:
A key driver of the edible insect market is the increasing global emphasis on sustainability and reducing the environmental impact of food production. Traditional livestock farming is resource-intensive, contributing significantly to greenhouse gas emissions, deforestation, and water usage. Edible insects, on the other hand, require far fewer resources to produce, making them an attractive solution for reducing the ecological footprint of food systems. This environmental advantage, along with the push for alternative protein sources, has fueled interest from both consumers and food manufacturers.
Market Opportunity:
One significant opportunity in the edible insect market lies in the growing interest from the food and beverage industry in developing insect-based products for mainstream consumers. With increasing acceptance of insect-based ingredients, particularly in protein bars, snacks, and supplements, food companies have the opportunity to innovate and create a variety of insect-based products that cater to health-conscious and environmentally aware consumers. Additionally, the use of insect protein in animal feed offers a parallel growth avenue as the livestock and aquaculture industries seek more sustainable feed alternatives.
The Report Will Include A Major Chapter
- Patent Analysis
- Regulatory Framework
- Technology Roadmap
- BCG Matrix
- Heat Map Analysis
- Price Trend Analysis
- Investment Analysis
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Segmentation of The Edible Insect Market
By Types
Rhinoceros Beetles, Ants, Grasshopper, Silkworms, Crickets, Others
By Product
Whole Insect, Powder, Bar, Others
By Applications
Human Consumption, Animal Feed, Cosmetics, Pharmaceuticals, Others
Regional Analysis:
- North America(U.S., Canada, Mexico)
- Eastern Europe(Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe(Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia-Pacific(China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa(Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
- South America(Brazil, Argentina, Rest of SA)
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Our market research study carefully examines the overall industry, covering all essential market fundamentals. Through an extensive range of primary and secondary sources, we establish a robust foundation for our findings. To enhance the comprehensiveness of our evaluation, we employ industry-standard tools like Porter’s Five Forces Analysis, SWOT Analysis, and Price Trend Analysis.
Key Attentions of Edible Insect Report:
- The report offers a comprehensive and broad perspective on the global Edible Insect market.
- The market statistics represented in different Edible Insect segments offer a complete industry picture.
- Market growth drivers and challenges affecting the development of Edible Insect are analyzed in detail.
- The report will help in the analysis of major competitive market scenarios, and market dynamics of Edible Insect.
- Major stakeholders, key companies Edible Insect, investment feasibility and new market entrants’ study is offered.
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