Edible Insects Market Growth Outlook

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Edible Insects Market Growth Outlook

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NikhatS 22 Sep 2024

Edible Insects Market was valued at US$ 3.30 Bn. in 2023. The Global Edible Insects Market size is estimated to grow at a CAGR of 19.2 % over the forecast period.

Edible Insects Market Dynamics

The edible insects market is experiencing rapid growth, driven by increasing interest in sustainable and alternative protein sources. As global concerns about food security and environmental impact rise, edible insects offer a resource-efficient solution with lower greenhouse gas emissions, reduced water usage, and minimal land requirements compared to traditional livestock. The growing acceptance of insects as a viable food source, combined with innovations in food processing and product development, is fueling market expansion. Additionally, rising consumer awareness and cultural shifts toward novel and healthy food options are contributing to market growth. However, challenges such as regulatory hurdles, consumer acceptance, and scaling up production capabilities need to be addressed. Despite these challenges, the market's strong growth trajectory reflects a shift towards more sustainable and diverse food systems.

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Edible Insects Market Scope
Import and export consumption, supply and demand chain, costs, shares, sales volumes, revenues, and gross profits are covered in the Edible Insects market analysis report. The manufacturing bases, capacity, production, factory prices, revenues, and market share of each manufacturer in the Edible Insects market are examined in the report.

Edible Insects Market Overview
Maximize Market Research, a leading international business consultancy firm, has released its highly anticipated "Edible Insects Market" Report, providing crucial insights into the market's potential in the Asia Pacific region. Despite economic challenges post the Covid lockdown period, the market has showcased resilience and an upward trend. The report positions the Asia Pacific region as a lucrative opportunity for Edible Insects market and its component manufacturers over the next decade.

Edible Insects Market Segmentation

by Product Type

Insect Powder
Insect Meal
Insect Bar
Insect Paste
Insect Oil
Others

This category comprises a range of commercially accessible products manufactured from edible insects. The most common is demonstrated to be the use of powdered health supplements derived from edible insects. People eat large amounts of oil and bars, among other products manufactured from edible insects. With 25% of all sales, insect meal is the most popular product in the market by size.

by Powder Type

Tree Bugs Powder
Beetles Powder
Crickets Powder
Caterpillars Powder
Grasshoppers Powder
Others
by Application

Food
Beverages
Cosmetics
Health Supplements
Animal Feed
Other

According to study, edible insects are eaten as a meal and in a variety of food products on a massive scale. As a result, the greatest market for edible insects is now the food and beverage industry. Edible insects are widely used as food in the poultry industry. Insects are consumed by nearly 30% of the world's poultry industry as their primary dietary source. The market for edible insects is growing, offering everything from skin-nourishing and moisturizing cosmetics to pain relief products for muscles.
by Insect Type

Crickets
Black Soldier Flies
Mealworms
Buffalo Worms
Grasshoppers
Ants
Silkworms
Cicadas
Other Edible Insects

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Edible Insects Market Key Players

1. Aspire Food Group
2. Enviro Flight
3. Beta Hatch Inc.
4. InnovaFeed
5. AgriProtein Technologies
6. ReeseFiner Foods Inc.
7. Global Bugs Asia CO., Ltd
8. Protix B.V
9. HaoCheng Mealworm Inc.
10.Kreca V.O.F.LLC
11.Deli Bugs Ltd.
12.Tiny Farms
13.Ynsect SAS
14.Hargol Foodtech
15.EntoCube Ltd.
16.Protifarm Holdings Nv
17.Armstrong Cricket Farm Georgia

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Regional Analysis
The Edible Insects market report comprises an extensive analysis of the Edible Insects industry across five primary world regions are Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America. It delves into the market's key geographies and highlights notable segments and sub-segments within the industry.

Key Questions answered in the Edible Insects Market Report are:
• What is Edible Insects Market?
• What is the forecast period of the Edible Insects Market?
• What is the competitive scenario of the Edible Insects market?
• Which region held the largest market share in the Edible Insects Market?
• What are the opportunities for the Edible Insects Market?
• What are the restraining factors in the Edible Insects market?
• Who are the key players of the Edible Insects market?

Key offerings:
• Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
• Market Segmentation: A detailed analysis by Edible Insects
• Landscape- Leading key players and other prominent key players.

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