Market Overview: Global Edible Insects Market

MarkNtel Advisors, a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently published a report on the Global Edible Insects Market and provide your business with the latest market trends and analysis from our reports to make informed decisions and stay ahead of the competition.

Edible Insects Market Insights 2024-30

The Global Edible Insects Market size was valued at around USD 2.8 Billion in 2022 and is projected to grow at a CAGR of around 12.4% during the forecast period, i.e., 2024-30.

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Top Players in the 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
• Haocheng Mealworm Inc.
• Hargol FoodTech
• Ÿnsect SAS
• Others

Segmentation Analysis of Edible Insects Market

Edible Insects Market exactly assesses and highlights significant trends and influencing factors within each segment. The comprehensive analysis extends its predictions for the period spanning 2024-30, focusing on the national landscape. The market is exactly categorized based on this analysis, providing valuable insights into its various facets.

-By Product Type

• Whole Insects
• Insect Powder
• Protein Bars

Here, insect powder & protein bars altogether accounted for the largest market share in the past few years, owing prominently to their hassle-free transportation, storage, handling, & application. Insects in powdered form are convenient to consume, easily available worldwide, and can be stored at room temperature. In many countries, people usually consume insect powder by mixing it with various other food items for enhanced taste.

Moreover, the increasing number of health clubs & gyms serving insect powder, the increasing consumer inclination toward fitness & wellness, and the growing requirements of people for highly nutritious & convenient foods owing to busy lifestyles are other crucial aspects expected to accelerate demand for insect powder globally in the coming years.

On the other hand, gluten-free ‘Protein Bars,’ mainly preferred by athletes & sports enthusiasts, are expecting a notable growth rate in the global market over the coming years. It is due to the burgeoning awareness among people regarding healthy lifestyles and the growing inclination of many toward ready-to-eat food products owing to changing living standards.

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-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)
• Buffalo’s- Market Size & Forecast 2019-2030, (USD Million)
• Grasshoppers- Market Size & Forecast 2019-2030, (USD Million)
• Ants- 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 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)

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A Comprehensive Geographical Analysis:

-By Region

• North America
• South America
• Europe
• Asia Pacific
• Rest of the World

The Asia-Pacific region is dominating the Edible Insects Market and expecting consequential growth during the forecast period. The region’s higher growth is attributed to a confluence of factors, including regulatory settings that are conducive to growth, cultural acceptance, and increasing knowledge of the environmental and nutritional advantages of eating insects. Edible insects have long been a staple of traditional diets in many Asian nations, such as Thailand, Vietnam, and China. These countries respect the nutritional value and accessibility of these insects. The region’s edible insect industry is poised for further growth & expansion due to this cultural acceptance.

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