Summary:
- The global edible insects market size reached USD 1.6 Billion in 2023.
- The market is expected to reach USD 6.2 Billion by 2032, exhibiting a growth rate (CAGR) of 16.15% during 2024-2032.
- North America leads the market, accounting for the largest edible insects market share.
- Beetles account for the majority of the market share in the type segment due to their high abundance, ease of farming, and nutritional benefits, which make them a popular and scalable choice for consumption.
- Insect powder holds the largest share in the edible insects industry.
- Food and beverage remain a dominant segment in the market, due to its broad use of edible insects as a protein source and ingredient in various products, including snacks, bars, and specialty dishes.
- The favorable government support and regulation is a primary driver of the edible insects market.
- Technological advancements, along with the increasing consumer awareness and acceptance are reshaping the edible insects market.
Industry Trends and Drivers:
- Sustainability and environmental impact:
One of the primary drivers of the edible insects market is the need for sustainable food sources. Traditional livestock farming, such as for beef, pork, and chicken, has a significant environmental impact, including high greenhouse gas emissions, large water usage, and extensive land requirements. In contrast, edible insects offer a more sustainable alternative. They require less land, water, and feed compared to traditional livestock. For instance, crickets need about six times less feed than cattle to produce the same amount of protein. They also emit fewer greenhouse gases and are more efficient in converting feed into edible body mass. This efficiency makes them an attractive option for addressing the environmental concerns associated with conventional meat production. Moreover, insects can be farmed on organic waste products, which helps in waste management and reduces the environmental footprint further. As the global population grows and resources become scarcer, the shift toward more sustainable food sources, including edible insects, is gaining momentum. Governments, environmental organizations, and the food industry are increasingly recognizing the need for such alternatives to mitigate climate change and ensure long-term food security.
- Nutritional benefits:
Edible insects are also gaining attention due to their nutritional benefits. They are rich in proteins, vitamins, minerals, and healthy fats, making them a valuable addition to diets, especially in regions where nutrient deficiencies are common. For instance, crickets are known to be high in protein and contain essential amino acids comparable to traditional meat sources. They are also rich in micronutrients such as iron, zinc, and B vitamins, which are vital for maintaining overall health. Insects provide a nutritious option for diverse populations, including those in developing countries where food security and nutritional quality are pressing issues. Their high protein content and digestibility can be beneficial in combating malnutrition and supporting health in regions with limited access to traditional protein sources. As awareness about these nutritional benefits grows, more consumers are considering edible insects as a viable food source to enhance their diet.
- Cultural and culinary innovation:
Cultural acceptance and culinary innovation are crucial factors driving the edible insects market. In many cultures, particularly in parts of Asia, Africa, and Latin America, insects have been a traditional part of the diet for centuries. These cultures have developed a variety of dishes incorporating insects, which are valued for their flavor and texture. As globalization increases and culinary boundaries expand, there is growing interest in incorporating edible insects into mainstream cuisines. The rise of food innovation and the exploration of novel ingredients are leading to new product developments in the food industry. Chefs and food companies are experimenting with insects in gourmet dishes, protein bars, snacks, and even flour for baking. This creative approach is helping to normalize edible insects and introduce them to a broader audience. Additionally, the increasing visibility of insects in high-end restaurants and media has contributed to a shift in perception, making insects more appealing to consumers who might have previously been hesitant.
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Edible Insects Market Report Segmentation:
Breakup By Type:
- Beetles
- Cricket
- Caterpillars
- Grasshoppers
- Bees
- Ants
- Others
Beetles dominate the market due to their high availability, ease of farming, and nutritional benefits, making them a popular choice for both human consumption and animal feed.
Breakup By Product:
- Whole Insects
- Insect Powder
- Insect Meal
- Insect Oil
Insect powder holds the maximum number of shares due to its versatility and ease of incorporation into a wide range of food products and dietary supplements.
Breakup By Application:
- Food and Beverage
- Bakery
- Pet Food
- Others
Food and beverage represent the largest segment as edible insects are increasingly used as versatile ingredients in a wide range of products, from snacks to protein supplements.
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Top Edible Insects Market Leaders:
- Bugs LLC
- Bugsolutely Ltd.
- Chapul LLC
- DeliBugs
- Eat Grub Ltd.
- Entomo Farms
- EnviroFlight LLC
- EXO Protein (Aspire Food Group)
- Fluker’s Cricket Farm Inc.
- Jr Unique Foods Ltd.
- Nutribug Ltd.
- Thailand Unique. etc.
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