The Edible Insects Market: A Comprehensive Analysis
According to recent study by MarkNtel Advisors the Global Edible Insects Market projected to witness a compound annual growth rate (CAGR) of around 25.2% between 2024-2030. Various factors, including market trends, size, forecasts, growth factors, challenges, and competitor assessments drive this growth.
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Edible Insects Market Segmentation Analysis: 2024-2030
The Edible Insects Market is segmented into:
By Insect Type
- Crickets- Market Size & Forecast 2019-2030, (USD Million)
- Mealworms- Market Size & Forecast 2019-2030, (USD Million)
- Black Soldier Flies- Market Size & Forecast 2019-2030, (USD Million)
- Grasshoppers- Market Size & Forecast 2019-2030, (USD Million)
- Ants- Market Size & Forecast 2019-2030, (USD Million)
- Buffalo’s Worm- Market Size & Forecast 2019-2030, (USD Million)
- Silkworms- Market Size & Forecast 2019-2030, (USD Million)
- Cicadas- Market Size & Forecast 2019-2030, (USD Million)
- Beetles- Market Size & Forecast 2019-2030, (USD Million)
- Caterpillar- Market Size & Forecast 2019-2030, (USD Million)
- Others- Market Size & Forecast 2019-2030, (USD Million)
By Product Type
- Insect Powder- Market Size & Forecast 2019-2030, (USD Million)
- Protein Bars- Market Size & Forecast 2019-2030, (USD Million)
- Whole Insects- Market Size & Forecast 2019-2030, (USD Million)
By End User
- Human Consumption- Market Size & Forecast 2019-2030, (USD Million)
- Animal Feed- Market Size & Forecast 2019-2030, (USD Million)
- Agriculture- Market Size & Forecast 2019-2030, (USD Million)
and each segment is further divided into subdivisions, providing a detailed breakdown of the market dynamics.
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Global Edible Insects Market Opportunity:
Surge in Demand for Black Soldier Fly (BSF)-based Products to Present Profitable Opportunities – Emerging regions such as Asia, Africa, and Latin America, are expected to witness exponential growth in dietary patterns in tandem with economic growth, leading to a 70% increase in the demand for Black Soldier Fly (BSF) Based Products by 2050. The demand for BSF products is increasing due to affordable feed costs, as feed costs generally account for 15-20% of the total livestock production costs. Hence, the need for sustainable BSF products has increased interest in using insects as feed (edible) ingredients.
Geographical Coverage of Global Edible Insects Market
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Asia-Pacific has captured a significant market share in the Global Edible Insects Market, primarily due to high-level investments in the healthcare sector across countries like the US, Canada, and Mexico. North America has emerged as a prominent hub for Edible Insects solutions, witnessing rapid growth over the historical period.
Top Leading key Players of Global Edible Insects Market
- Samsung SDI
- LG Chem Ltd.
- Hitachi Chemical Co., Ltd.
- Johnson Controls International PLC
- Panasonic Corporation
- Tesla Inc.
- BYD Company
- A124 Systems, LLC
- GS Yuasa Corporation Ltd.
- Saft
- Yinlong Energy China Ltd.
- Toshiba Corporation
- EnerDel, Inc.
- VARTA AG
- Others
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Common Queries
- What is the current trajectory of cost and profit estimations in the Edible Insects Industry?
- How do factors like supply and consumption shape the landscape of the industry?
- In what ways do import and export considerations impact the dynamics of the Edible Insects Industry?
- Which technological advancements are anticipated to shape the future of the Edible Insects Market?
- Who are the noteworthy players highlighted in the Edible Insects Market research report?
- What are the anticipated USD valuations and the CAGR for the forecasted years?
- Who we Are?
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