The US$ 3.30 billion edible insects market was estimated in 2023. Over the course of the forecast period, the size of the global edible insects market is expected to rise at a CAGR of 19.2%.
Edible Insects Market Overview
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Edible Insects Market Scope and Methodology:
This report analyzes the Edible Insects Market across different regions and detailed segmentation, providing a definition, description, and forecast. It encompasses various important market factors along with comprehensive qualitative and quantitative investigations. This includes reviewing the competitive landscape, competitor profiles, industry analysis, economic implications, important viewpoints, market trends, and market assessment.
The report delves into past data, focusing on different Edible Insects Market scenarios and conducting a comprehensive evaluation of the factors influencing the market, including drivers, constraints, opportunities, challenges, and future trends. The report thoroughly examines market potential, market dynamics, growth opportunities, segmented markets, geographic scenarios, competition analysis, and predictions with the right methodology and assumptions. The study also involves evaluating the value chain, conducting PESTLE analysis, examining the impact, and conducting PORTER’s analysis.
Edible Insects Market Regional Insights
The study thoroughly examines the markets in the Middle East, Africa, South America, Asia Pacific, Europe, and North America. Understanding the intricate dynamics of the global Edible Insects Market is an essential component of the regional analysis provided in the report. The report contains details about the import and export of goods, market size, and growth rate for all countries. Furthermore, the report has also presented an overview of the latest advancements in the international Edible Insects Market across different countries and regions.
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Edible Insects Market Segmentation
by Product Type
Insect Powder
Insect Meal
Insect Bar
Insect Paste
Insect Oil
Others
by Powder Type
Tree Bugs Powder
Beetles Powder
Crickets Powder
Caterpillars Powder
Grasshoppers Powder
Others
The market is divided into segments based on the type of powder, including those for tree bugs, beetles, crickets, caterpillars, grasshoppers, and others. In 2023, the Grasshoppers Powder segment accounted for 27% of the market, the biggest share. Powdered grasshopper contains protein, minerals, fiber, fatty acids, and vitamins. Grasshopper powder is a staple in gourmet goods like macarons, energy bars, chips, and chocolate. Global industry demand is predicted to rise due to rising consumer 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
According to study, edible insects are eaten as a meal and in a variety of food products on a massive scale. As a result, the greatest market for edible insects is now the food and beverage industry. Edible insects are widely used as food in the poultry industry. Insects are consumed by nearly 30% of the world’s poultry industry as their primary dietary source. The market for edible insects is growing, offering everything from skin-nourishing and moisturizing cosmetics to pain relief products for muscles.
by Insect Type
Crickets
Black Soldier Flies
Mealworms
Buffalo Worms
Grasshoppers
Ants
Silkworms
Cicadas
Other Edible Insects
This category comprises a range of commercially accessible products manufactured from edible insects. The most common is demonstrated to be the use of powdered health supplements derived from edible insects. People eat large amounts of oil and bars, among other products manufactured from edible insects. With 25% of all sales, insect meal is the most popular product in the market by size.
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Edible Insects Market Key Players
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 questions answered in the Edible Insects Market are:
- What is Edible Insects ?
- What was the Edible Insects Market size in 2023?
- What are the upcoming opportunities and trends for the Edible Insects Market ?
- What are the different segments of the Edible Insects Market ?
- Which are the factors expected to drive the Edible Insects Market growth?
- What growth strategies are the players considering to increase their presence in Edible Insects ?
- Who are the leading companies and what are their portfolios in Edible Insects Market ?
- Who are the key players in the Edible Insects Market?
- What is the CAGR at which the Edible Insects Market will grow during the forecast period?
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Key Offerings
- Past Size and Competitive Landscape
• Past Pricing and price curve by region
• Size, Share, Size Forecast by different segment
• Dynamics Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Segmentation A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape Profiles of selected key players by region from a strategic perspective
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