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% 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.
Prominent Key Players – Covered in the 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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Edible Insect Market Trend Analysis
The growing awareness of protein-rich edible insect products is the increasing global demand for alternative protein sources. Traditional protein sources like meat and dairy are associated with environmental concerns such as deforestation, greenhouse gas emissions, and water usage. Insects, on the other hand, are highly efficient in converting feed into protein, requiring less land, water, and resources to produce.
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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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This research study goes beyond conventional boundaries with extensive geographical coverage, allowing for a comprehensive understanding of regional trends. Report centrally focuses on in-depth company profiles and competitive analysis, offering valuable insights into market players' overview, market role, operating business segments, and financial performance. By evaluating crucial metrics like production volume, sales volume, and sales margin, we provide a comprehensive understanding of their market standing.
The research provides answers to the following key questions:
- What is the estimated growth rate of the market for the forecast period 2024-2032? What will be the market size during the estimated period?
- What are the key driving forces responsible for shaping the fate of the Edible Insect market during the forecast period?
- Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Edible Insect market?
- What are the prominent market trends influencing the development of the Edible Insect market across different regions?
- What are the major threats and challenges likely to act as a barrier in the growth of the Edible Insect market?
- What are the major opportunities the market leaders can rely on to gain success and profitability?
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