Edible Insects

Edible Insects Market by Form (Deep Frozen Insects, Freeze-Dried Insects, Live Insects), Type (Ants, Beetles, Crickets), Distribution Channel, Application - Global Forecast 2024-2030

SKU
MRR-430D3EB725AA
Region
Global
Publication Date
February 2024
Delivery
Immediate
2023
USD 2.31 billion
2030
USD 17.90 billion
2024
USD 3.10 billion
CAGR
33.91%
360iResearch Analyst
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[195 Pages Report] The Edible Insects Market size was estimated at USD 2.31 billion in 2023 and expected to reach USD 3.10 billion in 2024, at a CAGR 33.91% to reach USD 17.90 billion by 2030.

Edible Insects Market
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Edible insects refer to insect species that are safe and suitable for human consumption. Examples include crickets, mealworms, beetles, and grasshoppers. They are considered an alternative source of protein, fats, vitamins, and minerals. Consuming insects is a practice known as entomophagy and is common in many cultures around the world due to insects' nutritional benefits and as an environmentally sustainable food source. The primary drivers for consuming edible insects include the surging need for sustainable protein sources due to the rising global population and increasing meat consumption. Edible insects have a lower environmental footprint than traditional livestock, requiring less land, water, and feed and emitting fewer greenhouse gases. Health benefits associated with high-quality protein, amino acids, and nutrients found in insects are also contributing factors. Additionally, the evolving regulatory landscape and growing acceptance of entomophagy are fostering the need for edible insects. The major challenges associated with the edible insects industry are cultural and psychological barriers, as insects are often perceived as pests rather than food in several Western societies. Addressing concerns surrounding food safety, standardizing farming practices, and ensuring product consistency are also significant hurdles. Furthermore, limited consumer awareness and a lack of a developed supply chain can impede market expansion. Opportunities for edible insects lie in innovation and product development, as companies can create diverse food products tailored to regional tastes. There is also potential for scaling up farming and processing techniques to meet the rising demand. Education and marketing efforts can help shift consumer perceptions, promoting insects' environmental and health benefits. Collaborations with governments and NGOs for supportive policies can pave the way for the growth of the edible insects industry.
Edible Insects Market - Global Forecast 2024-2030
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FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Edible Insects Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Edible Insects Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Edible Insects Market, highlighting leading vendors and their innovative profiles. These include All Things Bugs LLC, Armstrong Crickets Georgia, Aspire Food Group, Beta Hatch, Bugsolutely Ltd., EntoCube OY, Entomo Farms, EnviroFlight, LLC, Global Bugs Asia Co., Ltd, Hargol FoodTech, HiProMine S.A., JR Unique Foods, nextProtein, Protenga Pte. Ltd., and Protix B.V..

Market Segmentation & Coverage

This research report categorizes the Edible Insects Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Form
    • Deep Frozen Insects
    • Freeze-Dried Insects
    • Live Insects
    • Roasted
  • Type
    • Ants
    • Beetles
    • Crickets
    • Grasshoppers
    • Mealworms
    • Palm weevils
    • Sago worms
    • Scorpions
    • Silk Moth Pupae
    • Super warms
    • Tarantula
    • Waxworms
  • Distribution Channel
    • Offline Mode
    • Online Mode
  • Application
    • Animal Feed
    • Insect Catering
    • Nutritional Bars & Drinks
    • Pet Food

  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

The report offers valuable insights on the following aspects:

  1. Market Penetration: It presents comprehensive information on the market provided by key players.
  2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
  3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
  4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
  5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

  1. What is the market size and forecast of the Edible Insects Market?
  2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Edible Insects Market?
  3. What are the technology trends and regulatory frameworks in the Edible Insects Market?
  4. What is the market share of the leading vendors in the Edible Insects Market?
  5. Which modes and strategic moves are suitable for entering the Edible Insects Market?

Table of Contents
  1. Preface
  2. Research Methodology
  3. Executive Summary
  4. Market Overview
  5. Market Insights
  6. Edible Insects Market, by Form
  7. Edible Insects Market, by Type
  8. Edible Insects Market, by Distribution Channel
  9. Edible Insects Market, by Application
  10. Americas Edible Insects Market
  11. Asia-Pacific Edible Insects Market
  12. Europe, Middle East & Africa Edible Insects Market
  13. Competitive Landscape
  14. Competitive Portfolio
  15. List of Figures [Total: 24]
  16. List of Tables [Total: 396]
  17. List of Companies Mentioned [Total: 15]
Frequently Asked Questions
  1. How big is the Edible Insects Market?
    Ans. The Global Edible Insects Market size was estimated at USD 2.31 billion in 2023 and expected to reach USD 3.10 billion in 2024.
  2. What is the Edible Insects Market growth?
    Ans. The Global Edible Insects Market to grow USD 17.90 billion by 2030, at a CAGR of 33.91%
  3. When do I get the report?
    Ans. Most reports are fulfilled immediately. In some cases, it could take up to 2 business days.
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