Edible Insects Market Forecast: Significant Growth Predicted Through 2030

Edible Insects Market Poised for Significant Growth

The global edible insects market is experiencing remarkable expansion, driven by increasing consumer awareness of sustainable and nutritious food sources. In 2023, the market was valued at approximately USD 3.30 billion and is projected to grow at a compound annual growth rate (CAGR) of 19.2% over the forecast period, reaching an estimated USD 11.28 billion by 2030.

Market Dynamics

The surge in demand for edible insects is attributed to their high nutritional value, including rich protein content, essential amino acids, and beneficial fats. Additionally, edible insects offer environmental advantages, such as lower greenhouse gas emissions and reduced land use compared to traditional livestock. These factors are propelling the market's growth globally.

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Regional Insights into the Edible Insects Market:

The regional assessment phase of the Edible Insects market involved exhaustive primary research aimed at gathering, analyzing, and verifying vital regional and global data. This included examining market dynamics, predicting growth trajectories, identifying pivotal influencing factors, and ensuring statistical precision. A combination of top-down and bottom-up approaches, paired with multi-level validation strategies, was employed to scrutinize each market segment and sub-segment. This approach guarantees that the insights provided in the report are both dependable and actionable.

Edible Insects Market Segmentation Breakdown:

by Product Type

Insect Powder
Insect Meal
Insect Bar
Insect Paste
Insect Oil
Others

A wide range of commercially accessible products made from edible insects fall under this category. It has been found that the most common use is of powdered health supplements derived from edible insects. People consume large amounts of a range of products made from edible insects, including bars and oil. With a quarter of all sales, insect meal is the most popular product in the industry by market size.

by Powder Type

Tree Bugs Powder
Beetles Powder
Crickets Powder
Caterpillars Powder
Grasshoppers Powder
Others

The market is divided into several segments based on the type of powder: tree bug powder, beetle powder, cricket powder, caterpillar powder, grasshopper powder, and others. With a 27% market share in 2023, the Grasshoppers Powder sector maintained the most share. Grasshopper powders contain vitamins, fatty acids, fibre, minerals, and protein. Grasshopper powder is frequently used to create premium goods including macarons, energy bars, chips, and chocolates. Global industry demand is anticipated to rise due to rising customer demand for premium protein products and the expanding use of high-purity grasshopper powders in the food and beverage sector.

by Application

Food
Beverages
Cosmetics
Health Supplements
Animal Feed
Other

by Insect Type

Crickets
Black Soldier Flies
Mealworms
Buffalo Worms
Grasshoppers
Ants
Silkworms
Cicadas
Other Edible Insects

According to study, edible insects are widely consumed as food and in the form of other food products. Consequently, the major consumer of edible insects is now the food and beverage industry. Edible insects are widely used as food in the poultry industry. More than 30 percent of the chicken business worldwide uses insects as their primary feeding source. With products ranging from cosmetics for nourishing and moisturising skin to remedies for muscle soreness, the edible insects market is growing.

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Table of Contents: Edible Insects Market

Part 01: Executive Summary

Part 02: Scope of the Report

Part 03: Global Market Overview

Part 04: Market Size Analysis

Part 05: Segmentation by Product Type

Part 06: Competitive Landscape and Five Forces Analysis

Part 07: Consumer Behavior and Preferences

Part 08: Geographical Insights

Part 09: Strategic Decision Framework

Part 10: Key Drivers and Challenges

Part 11: Emerging Trends

Part 12: Vendor Overview

Part 13: Detailed Vendor Analysis

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Key Market Players and Strategies

The report includes a detailed analysis of the major market players, focusing on their strategies, product portfolios, and competitive positioning. It also highlights strategic alliances, mergers, acquisitions, and technological advancements shaping the competitive landscape.

1. Aspire Food Group
2. Enviro Flight
3. Beta Hatch Inc.
4. InnovaFeed
5. AgriProtein Technologies
6. ReeseFiner Foods Inc.
7. Global Bugs Asia CO., Ltd
8. Protix B.V
9. HaoCheng Mealworm Inc.
10.Kreca V.O.F.LLC
11.Deli Bugs Ltd.
12.Tiny Farms
13.Ynsect SAS
14.Hargol Foodtech
15.EntoCube Ltd.
16.Protifarm Holdings Nv
17.Armstrong Cricket Farm Georgia
18.Entomo Farms

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Key Market Insights and Trends

Critical Questions Addressed:

1. What is the Edible Insects market, and why is it significant?
2. What was the size of the Edible Insects market in 2023?
3. What is the forecasted growth rate for the Edible Insects market?
4. What key factors are driving market growth?
5. What are the major segments within the Edible Insects market?
6. Which strategies are companies adopting to strengthen their market position?
7. What innovative applications and emerging trends are anticipated in the market?
8. How can companies capitalize on recent industry trends to unlock new revenue streams?
9. Who are the prominent market leaders, and what does their portfolio include?
10. How is the market segmented geographically and by product type?

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