Edible Insects Market Share Evolution and Market Growth Trends 2024 - 2031

Market Overview and Report Coverage

Edible Insects are insects that are consumed by humans as food. They are a rich source of protein, vitamins, and minerals and are considered to be a sustainable and environmentally friendly food source. The Edible Insects Market is expected to grow at a CAGR of % during the forecasted period.

The future outlook of the Edible Insects Market looks promising as the demand for alternative protein sources increases due to concerns about the environmental impact of traditional livestock farming. The current market is driven by factors such as increasing awareness about the nutritional benefits of edible insects, growing demand for protein-rich food products, and the rising popularity of exotic cuisines worldwide.

Market forecast suggests that the Edible Insects Market will continue to grow in the coming years, with innovative product offerings and increasing investment in research and development. Some of the latest market trends include the use of edible insects in snacks, energy bars, and protein powders, as well as the incorporation of insect-based ingredients in pet food and animal feed. Overall, the Edible Insects Market is poised for steady growth and offers exciting opportunities for industry players.

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Market Segmentation

The Edible Insects Market Analysis by types is segmented into:

• Caterpillar
• Orthoptera
• Beetles
• True Bugs
• Others

The edible insect market can be categorized into different types based on the species of insects consumed. Some of the prominent market types include Caterpillar, Orthoptera (grasshoppers and crickets), Beetles, True Bugs, and Others. Each of these categories offers unique flavors, textures, and nutritional benefits. Consumers around the world are increasingly exploring the consumption of edible insects due to their sustainability, high protein content, and potential health benefits. The variety of options available within the edible insect market caters to different preferences and culinary traditions.

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The Edible Insects Market Industry Research by Application is segmented into:

• Hypermarkets/Supermarkets
• Convenience Stores
• Specialty Coffee Shops
• Online Retail
• Others

The Edible Insects Market has various applications including Hypermarkets/Supermarkets, Convenience Stores, Specialty Coffee Shops, Online Retail, and Others. Hypermarkets/Supermarkets offer a wide range of edible insect products for purchase. Convenience Stores provide a quick and easy way for consumers to access insect-based snacks. Specialty Coffee Shops incorporate insect ingredients into their unique food and beverage offerings. Online Retail platforms allow for convenient purchase of insect products. Other markets may include food trucks, restaurants, and health food stores.

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In terms of Region, the Edible Insects Market Players available by Region are:

North America:

• United States


• Canada

Europe:

• Germany


• France


• U.K.


• Italy


• Russia

Asia-Pacific:

• China


• Japan


• South Korea


• India


• Australia


• China Taiwan


• Indonesia


• Thailand


• Malaysia

Latin America:

• Mexico


• Brazil


• Argentina Korea


• Colombia

Middle East & Africa:

• Turkey


• Saudi


• Arabia


• UAE


• Korea

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What are the Emerging Trends in the Global Edible Insects market?

The global edible insects market is witnessing an emerging trend towards sustainable and environmentally friendly food sources, as insects require less land, water, and feed compared to traditional livestock. Consumers are also increasingly open to trying new and exotic food options, driving the demand for edible insects as a protein-rich alternative. In addition, the rising interest in exploring different cuisines from around the world is fueling the growth of edible insect products in various forms such as snacks, powders, and protein bars. Furthermore, advancements in insect farming techniques and increased awareness of the nutritional benefits of consuming insects are further driving market growth.

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Major Market Players

The edible insects market is growing rapidly, with a number of key players vying for market share.

Thailand Unique is a major player in the edible insects market, offering a variety of edible insect products such as fried crickets and mealworms. The company has seen significant growth in recent years, driven by increasing consumer interest in alternative protein sources.

Entomo Farms is another prominent player in the market, known for its high-quality edible insect products such as cricket powder and roasted mealworms. The company has experienced strong sales growth, particularly in the North American market.

EXO is a well-known brand in the edible insects market, famous for its cricket protein bars and snacks. The company has successfully capitalized on the trend towards sustainable and alternative protein sources, expanding its product offerings to cater to a wider consumer base.

In terms of market size, the edible insects market is estimated to be worth over $1 billion globally, with strong growth projected in the coming years. The market is driven by increasing awareness of the health and environmental benefits of edible insects, as well as changing consumer preferences towards sustainable and ethically sourced food products.

Overall, the edible insects market is highly competitive, with a number of key players vying for market share. Companies such as Thailand Unique, Entomo Farms, and EXO are at the forefront of this emerging market, experiencing strong sales growth and expanding their product offerings to meet the growing demand for edible insect products.

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