According to the Regional Research Reports, the global edible insects market size is estimated to grow from USD 3.4 billion in 2022 to reach USD 18.3 billion by 2033 at a CAGR of 29.3% from 2023 to 2033.
The edible insects market has gained increasing attention and popularity in recent years due to its potential as a sustainable and nutritious source of food. Edible insects, such as crickets, mealworms, grasshoppers, and others, are rich in protein, vitamins, and minerals while requiring significantly fewer resources and producing fewer greenhouse gas emissions compared to traditional livestock.
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Here are some key points and content related to the edible insects market:
Growing Global Interest: Edible insects are consumed in various parts of the world, with Asia, Africa, and Latin America being prominent regions where they are a traditional food source. However, there is a growing interest in edible insects in Western countries as well, driven by their sustainability and nutritional benefits.
Nutritional Value: Edible insects are highly nutritious. They are a rich source of high-quality protein, containing all essential amino acids. In addition, they are packed with vitamins (e.g., B vitamins), minerals (e.g., iron, zinc), and healthy fats, making them a healthy food choice.
Sustainability: Edible insects are considered a more sustainable food source compared to traditional livestock. They require significantly less land, water, and feed to produce the same amount of protein. Moreover, they produce fewer greenhouse gas emissions, making them an environmentally friendly choice.
Versatility: Insects can be used in a variety of culinary applications, from whole insects used as snacks or in dishes to insect-based powders and extracts that can be incorporated into a wide range of food products, including protein bars, pasta, and more.
Regulatory Challenges: The edible insect industry faces regulatory challenges in many countries. While some countries have embraced edible insects and developed regulations, others are still in the process of establishing guidelines for their production and sale.
Cultural Acceptance: One of the challenges in popularizing edible insects in Western countries is cultural acceptance. Overcoming the "yuck" factor and educating consumers about the benefits of edible insects is an ongoing effort.
Market Growth: The edible insect market is experiencing significant growth, with startups and established food companies exploring insect-based products. The market includes insect farms, suppliers of insect-based ingredients, and food manufacturers incorporating insect-derived components into their products.
Challenges and Concerns: In addition to regulatory and cultural challenges, there are concerns related to allergen labeling, food safety, and ethical treatment of insects during farming.
Research and Innovation: Ongoing research is being conducted to improve insect farming techniques, develop new processing methods, and create innovative insect-based food products.
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Future Potential: The edible insect market has significant growth potential as the global population continues to grow, and sustainable food sources become increasingly important. It is likely to be a part of the solution to address food security and environmental sustainability challenges.
The edible insects market is a dynamic and evolving sector within the broader food industry, and its future growth and acceptance will depend on a combination of factors, including consumer attitudes, regulatory frameworks, and the development of innovative insect-based products.
Top Key Players Profiled in this report are-
- Thailand Unique
- Kreca Ento-Food Bv
- Nordic Insect Economy Ltd.
- Entomo Farms Ltd.
- Enviro Flight, Llc
- Ynsect
- Exo Protein
- Protix
- Deli Bugs Ltd.
- Eat Grub Ltd.
Global Edible Insects Market Segmentation:
Market Segmentation: By Insects Type
- Black Soldier Flies
- Beetles
- Caterpillars
- Hymenoptera
- Orthoptera
- True Bugs
- Others
Market Segmentation: By Product Type
- Whole
- Ingredients
Market Segmentation: By Form
- Whole Frozen
- Whole Dried
- Powder
Market Segmentation: By End Use
- Human Consumption
- Animal Nutrition
Market Segmentation: By Distribution Channel
- Online
- Offline
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Regions Covered in the Global Edible Insects Market Report 2022:
- North America (the United States, Canada, and Mexico)
- South America (Brazil, Argentina, and Rest of South America)
- Europe (Germany, UK, Italy, France, Spain, and Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand, and Rest of Asia Pacific)
- The Middle East and Africa (GCC Countries, Egypt, Saudi Arabia, South Africa and Rest of MEA)
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