Edible Insects Market was valued at US$ 2.77 Bn. in 2022. The Global Edible Insects Market size is estimated to grow at a CAGR of 19.2 % over the forecast period.

Market Overview

The leading global Market research organization has recently released its latest Market research report focusing on the Edible Insects Market. This all-inclusive report presents comprehensive data and graphical representations, providing an analysis of both regional and global Markets. Additionally, the report delves into the Market's objectives, shedding light on top competitors, their Market value, current trending strategies, skims, targets, and product offerings. Moreover, it highlights the recent Market growth while offering valuable insights into its informative historical trends.

 

Market Scope

The research report conducts an in-depth analysis of trending competitors, their Market growth, and dynamic patterns. It offers valuable insights into the regional and global Market values and demands, aiding in a thorough understanding of the competitive landscape and Market potential in terms of production, demand, and supply. The segmentation analysis encompasses crucial factors such as psychographic, demographic, geographic, and behavioral segmentation, which play a pivotal role in shaping Marketing strategies, targeted products, offers, and customer experiences. Porter's analysis is employed to assess an organization's competitive strength and enhance profitability. Additionally, Pestle analysis is conducted to validate existing products and services in the current context. The SWOT analysis provides a comprehensive evaluation of internal and external factors that influence a company's advantages, disadvantages, strengths, and weaknesses. In conclusion, this report offers a comprehensive and informative overview of the Edible Insects Market.

 

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 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

Tree Bugs Powder, Beetle Powder, Cricket Powder, Caterpillar Powder, Grasshopper Powder, and Others are the different market segments. In 2022, the Grasshoppers Powder segment accounted for 27% of the market, the biggest share. Powdered grasshopper contains protein, minerals, fiber, fatty acids, and vitamins. Grasshopper powder is a staple in gourmet goods like macarons, energy bars, chips, and chocolate. Global industry demand is predicted to rise due to rising consumer demand for premium protein products and the expanding use of high-purity grasshopper powders in the food and beverage sector.

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

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
18.Entomo Farms

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Regional Analysis

The report provides formal, functional, and vernacular regional analysis, identifying the most impactful business areas based on high demand in various regions, including Asia Pacific, North America, Latin America, the Middle East, Europe, and Africa. This analysis offers valuable insights into distinct targets, strategies, and Market values for each region.

 

Key Questions Addressed in the Edible Insects Market Report:

 

  • What defines the Edible Insects Market?
  • What is the forecast period for the Edible Insects Market?
  • How does the competitive scenario look in the Edible Insects Market?
  • Which region holds the largest Market share in the Edible Insects Market?
  • What opportunities are available in the Edible Insects Market?
  • What factors influence the growth of the Edible Insects Market?
  • Who are the key players in the Edible Insects Market?
  • Which company holds the largest share in the Edible Insects Market?
  • What will be the CAGR of the Edible Insects Market during the forecast period?
  • What key trends are expected to emerge in the Edible Insects Market in the upcoming years?

 

Key Offerings:

 

  • Market Share, Size, and Forecast by Revenue|2023-2029
  • 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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