Precision Business Insights has published a report on the global edible insects market, estimating its value at USD 348.0 Million in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 20% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/global-edible-insects-market
Market Definition:
The term "edible insects" refers to insect species that are consumed by humans. It is believed that over 2 billion people consume insects every day. Although much fewer are regarded for industrialized mass production and locally approved for use in food, about 2,000 bug species are thought to be edible worldwide. Although the nutritional value varies by species and other variables like age and diet, many insects are very nutrient-dense.
Drivers:
1) Rising adoption of edible insects in food application as protein supplement
2) Low cost of raw materials and transportation
The global Edible insects market segmentation:
1) By Product Type: Whole Insect, Insect Powder, Insect Meal.
2) By Insect Type: Beetles, Caterpillars, Grasshoppers, Bees, Wasps, Ants, Scale Insects, True Bugs and others.
3) By Application Human Consumption, Animal Feed and Cosmetics and Pharmaceutical.
Based on its Application the number of bug species that humans can consume exceeds 2000. The most often consumed insects in the world are dragonflies, termites, flies, cockroaches, locusts, crickets, wasps, ants, grasshoppers, bees, caterpillars, and cockroaches.
Regional Overview:
The report also examines the current concerns and their Future Effects on the edible insects market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the edible insects market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.
· North America (U.S., Canada)
· Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
· Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
· Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
· Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
The key players profiled in the global edible insects market report are Kreca Ento-Food Bv , A Proti-Farm Company, Thailand Unique, Entomo Farms, Haocheng Mealworm Inc., Global Bugs Asia Co. Ltd., AgriProtein Holdings Ltd, JIMINI`S , Entomo Ltd, Enorm ApS, Chapul Inc., Ynsect, Hargol Food Tech, Aspire Food Group, All Things Bugs, LLC.
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