Edible Insects Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
MARKET INTRODUCTION
Edible insects are specific insect species used for human consumption. Edible insects contain high-quality protein, vitamins, and amino acids that are necessary for humans. These insects have a high food conversion rate and require lower cost for production. For instance, crickets are a type of edible insects that requires six times less feed as compared to cattle, four times less than sheep, and twice less than pigs and broiler chickens to produce the same amount of protein. Additionally, they emit fewer greenhouse gases and ammonia than conventional livestock. Edible insects can also be grown on organic waste. Therefore, insects are a potential source for the conventional production of protein for direct human consumption.
MARKET DYNAMICS
The edible insects market has witnessed a significant growth owing to factors such as rising health consciousness among the youth, growing awareness about the nutritional benefits offered by insect protein. Moreover, increasing farming of insects in developed and developing countries due to minimum investment is expected to propel the demand for the insect protein product over the forecast period. However, cultural beliefs and negative perception of consuming insects in countries like India are forecast to hinder the edible insect market growth.
MARKET SCOPE
The "Global Edible Insects Market Analysis to 2028" is a specialized and in-depth study of the Food and Beverage industry with a special focus on the global market trend analysis. The report aims to provide an overview of the edible insects market with detailed market segmentation insect type, product type and geography. The global edible insects market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading edible insects market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global edible insects market is segmented on the basis of insect type and product type. On the basis of insect type, the edible insects market is segmented into crickets, mealworms, black soldier flies, grasshoppers, silkworm, and others. The edible insects market on the basis of the product type is classified into whole insects, insect powder, insect meal, insect protein bars and protein shakes, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global edible insects market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The edible insects market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the edible insects market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the edible insects market in these regions.
By Insect Type
By Product Type
MARKET PLAYERS
The reports cover key developments in the edible insects market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from edible insects market are anticipated to lucrative growth opportunities in the future with the rising demand for Edible insects in the global market. Below mentioned is the list of few companies engaged in the Edible insects market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the edible insects market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
Edible insects are specific insect species used for human consumption. Edible insects contain high-quality protein, vitamins, and amino acids that are necessary for humans. These insects have a high food conversion rate and require lower cost for production. For instance, crickets are a type of edible insects that requires six times less feed as compared to cattle, four times less than sheep, and twice less than pigs and broiler chickens to produce the same amount of protein. Additionally, they emit fewer greenhouse gases and ammonia than conventional livestock. Edible insects can also be grown on organic waste. Therefore, insects are a potential source for the conventional production of protein for direct human consumption.
MARKET DYNAMICS
The edible insects market has witnessed a significant growth owing to factors such as rising health consciousness among the youth, growing awareness about the nutritional benefits offered by insect protein. Moreover, increasing farming of insects in developed and developing countries due to minimum investment is expected to propel the demand for the insect protein product over the forecast period. However, cultural beliefs and negative perception of consuming insects in countries like India are forecast to hinder the edible insect market growth.
MARKET SCOPE
The "Global Edible Insects Market Analysis to 2028" is a specialized and in-depth study of the Food and Beverage industry with a special focus on the global market trend analysis. The report aims to provide an overview of the edible insects market with detailed market segmentation insect type, product type and geography. The global edible insects market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading edible insects market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global edible insects market is segmented on the basis of insect type and product type. On the basis of insect type, the edible insects market is segmented into crickets, mealworms, black soldier flies, grasshoppers, silkworm, and others. The edible insects market on the basis of the product type is classified into whole insects, insect powder, insect meal, insect protein bars and protein shakes, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global edible insects market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The edible insects market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the edible insects market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the edible insects market in these regions.
Edible Insects Market Report Analysis
Edible Insects Market
-
CAGR (2023 - 2031)XX% -
Market Size 2023
US$ XX Million -
Market Size 2031
US$ XX Million
Report Coverage
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Key future trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Industry landscape and competition analysis & recent developments
- Detailed company profiles
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
Key Players
- All Things Bugs, LLC
- Aspire Food Group
- Bitty Foods
- Bugsolutely Ltd
- Cricke
- Cricket Lab
- EntomoFarms
- Exo Inc.
- Kreca Ento-Food BV
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
By Insect Type
- Crickets
- Mealworms
- Black Soldier Flies
- Grasshoppers
- Silkworm
- Others
By Product Type
- Whole Insects
- Insect Powder
- Insect Meal
- Insect Protein Bars and Protein Shakes
- Others
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
The reports cover key developments in the edible insects market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from edible insects market are anticipated to lucrative growth opportunities in the future with the rising demand for Edible insects in the global market. Below mentioned is the list of few companies engaged in the Edible insects market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the edible insects market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- All Things Bugs, LLC
- Aspire Food Group
- Bitty Foods
- Bugsolutely Ltd
- Crické
- Cricket Lab
- EntomoFarms
- Exo Inc.
- Kreca Ento-Food BV
- Protifarm Holding NV
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
Edible Insects Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ XX Million |
| Market Size by 2031 | US$ XX Million |
| Global CAGR (2023 - 2031) | XX% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Insect Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
The List of Companies
1. All Things Bugs, LLC
2. Aspire Food Group
3. Bitty Foods
4. Bugsolutely Ltd
5. Cricke
6. Cricket Lab
7. EntomoFarms
8. Exo Inc.
9. Kreca Ento-Food BV
10. Protifarm Holding NV
1. All Things Bugs, LLC
2. Aspire Food Group
3. Bitty Foods
4. Bugsolutely Ltd
5. Cricke
6. Cricket Lab
7. EntomoFarms
8. Exo Inc.
9. Kreca Ento-Food BV
10. Protifarm Holding NV
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