The Edible Insects Market: A Comprehensive Analysis
According to recent study by MarkNtel Advisors the Global Edible Insects Market is 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 the Global Edible Insects Market
- North America
- South America
- Europe
- Asia-Pacific
- The Middle East & Africa
North America has captured a significant market share in the Global Edible Insects Market.
Top Leading Key Players of Global Edible Insects Market
- AgriProtein Technologies
- Aspire Food Group
- All Things Bugs
- Beta Hatch
- Bioflytech
- DeliBugs Ltd.
- Eat Grub Ltd.
- Thailand Unique
- Nordic Insect Economy Ltd.
- Kreca Ento-Food BV
- Entomo Farms Ltd.
- Protifarm NV
- EnviroFlight LLC
- EntoCube, Ltd.
- Entomo Farms
- Ÿnsect SAS
- 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?
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