Edible Insects Market Size, Growth, and Industry Statistics | Latest Insights till - 2030| IMR

Edible Insect Market Size Was Valued at USD 237.15 Million in 2022, and is Projected to Reach USD 1291.73 Billion by 2030, Growing at a CAGR of 23.6% From 2023-2030.

Insects that are consumed by humans and animals for sustenance are considered edible. Insects come in a variety of forms in nature that humans can eat for food and snacks. Insects are being exploited as a source of food and protein due to the growing demand for animal-based food and protein to support big populations. Because they are high in protein, vitamins, and minerals, edible insects—like mealworms, grasshoppers, and crickets—make a wholesome and sustainable food source. Effective and environmentally friendly protein sources are desperately needed as the world's population continues to rise. Compared to conventional cattle, insects have a far smaller ecological footprint since they require less feed, water, and acreage to generate the same quantity of protein.

In addition, the market for edible insects is expanding as people become more conscious of how food production affects the environment. Compared to conventional cattle, insects produce less waste, use less water, and release fewer greenhouse gases, all of which help to create a more sustainable and environmentally friendly food system. Edible insects fit into the narrative of consumers who are drawn to products that reflect their principles of ethical consumption and environmental responsibility.

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Analysis of the Top Market Players:

Coalo Vally Farms (US), Cricket Lab (U.K.), JR Unique Foods Ltd., Part(Thailand), Global Bugs Asia Co., Ltd. (Thailand), Haocheng Mealworm Inc. (China), Kreca Ento-Food BV (The Netherlands), Aspire Food Group (US), All Things Bugs, Llc (US), Beta Hatch Inc. (US), The Bühler Holding Ag (Switzerland), Agriprotien Technologies (South Africa), Chapul (US), Thailand Unique (Thailand), Six Foods (US), Crowbar Protein (Iceland), Gathr Foods (United Kingdom), Protix (Netherlands), Ynsect (France) and other major players.

Introspective Market Research specializes in delivering comprehensive Market research studies that offer valuable insights and strategic guidance to businesses worldwide. With a focus on reliability and accuracy, our reports empower informed decision-making. An in-depth examination of the overall Edible Insects industry is done to provide this Market report encompassing all essential Market fundamentals. Our findings are built upon a solid foundation, drawing from a wide range of primary and secondary sources. To further enhance the comprehensiveness of our evaluation, we employ industry-standard tools such as Porter's Five Forces Analysis, SWOT Analysis, and Price Trend Analysis. In addition to delving into the Market's intricacies, our study places a significant emphasis on the complete ecosystem of the --Edible Insects Market. We dive deep into the functions and interdependencies of various Market stakeholders, providing valuable insights into their roles within the industry. Moreover, our comprehensive geographical coverage enables a profound understanding of regional trends. 

 

Segmentation of Edible Insects Market

The Global Edible Insects Market is segmented on the basis of software Game, Platform, Gender, Age of The Player, and Region.

By Insect Type

  • Rhinoceros Beetles
  • Ants
  • Grasshopper
  • Silkworms
  • Crickets
  • Others

By Product

  • Whole Insect
  • Powder
  • Bar
  • Others

By Application

  • Human Consumption
  • Animal Feed
  • Cosmetics
  • Pharmaceuticals
  • Others

By Region     

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

The state-of-the-art research on Edible Insects Market, which is a detailed analysis of business space inclusive of the current Market trends, competitive background, and size of the Market. Encircling one or more parameters among analysis of the product, application potential, and Global and regional growth strategies.

 

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Uday Sharma

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