Global Edible Insects Market Size, Trends and Growth Opportunity, By Insect Type (Crickets, Mealworms, Black Soldier Flies, Buffalo's, Grasshoppers, Ants, Silkworms, Cicadas, and Others), Insect Category (Regular Insects, and Premium Diet-Fed Insects), Application (Human Consumption Products, Animal Nutrition, Insect Oil, Pharmaceuticals, Cosmetics, Personal Care, and Others), Distribution Channel (Direct, Indirect), By Region and Forecast Till 2030.
Report ID : IR1002424 | Industries : Chemicals & Materials | Published On :June 2024 | Page Count : 241
Global Edible Insects Market Size, Trends and Growth Opportunity, By Insect Type (Crickets, Mealworms, Black Soldier Flies, Buffalo's, Grasshoppers, Ants, Silkworms, Cicadas, and Others), Insect Category (Regular Insects, and Premium Diet-Fed Insects), Application (Human Consumption Products, Animal Nutrition, Insect Oil, Pharmaceuticals, Cosmetics, Personal Care, and Others), Distribution Channel (Direct, Indirect), By Region and Forecast Till 2030.
Global Edible Insects Market
The Edible Insects Market was valued at US$ 7260 million in 2022 and it is expected to reach at US$ 1,75,391 million in 2030 at a CAGR of 57% during forecast period 2023-2030.
High-quality food for humans, animals, fowl, and fish includes edible insects. Insects have a high rate of food conversion because they have a cold blood system. Some insects are a good source of complete protein and give vegetarians access to similar important nutrients. For an immediate and severe nutritional shortage in animals, the use of edible insects as animal feed is being studied. Additionally, this possible use aids in the rapid scalability and widespread distribution of animal feed. Due to their significant contribution to the circularity of the food chain, the animal feed made from eatable insects is also sustainable.
Market Drivers
A healthier alternative to traditional animal protein sources, edible insects are a rich source of protein, vitamins, and minerals and are also low in fat and cholesterol. Alternative protein sources are becoming more and more in demand as the world's population expands and food consumption rises. Edible insects offer a more inexpensive alternative to traditional meat as a result of rising demand and production expenses. The food sector is always looking for fresh ideas and cutting-edge goods, and edible insects provide a distinctive and exotic component that can be employed in a range of culinary products.
Market Restraints
The market for edible insects is significantly impacted by food safety risks. To ensure the security and safety of people and the environment, the government must approve any project in accordance with these strict norms and regulations. Edible insect-related biological, chemical, or physical risks to food safety include bacteria, viruses, fungus, mycotoxins, insecticides, parasites, and antimicrobials.
Market Segmentation
The edible insects market is divided into segments based on the insect type, insect category, application, and distribution channel. By insect type it is segmented into crickets, mealworms, black soldier flies, buffalo's, grasshoppers, ants, silkworms, cicadas, and others. By insect category it is segmented into regular insects, and premium diet-fed insects. By application it is segmented into human consumption products, animal nutrition, insect oil, pharmaceuticals, cosmetics, personal care, and others. By distribution channel it is segmented into direct, indirect.
Regional Analysis
The edible insects market segmented into five regions North America, Europe, Latin America, Asia Pacific, Middle East and Africa. The market for edible insects is predicted to be dominated by Asia-Pacific due to the growing use of technology in emerging nations.
Key Players
Various key players are listed in this report such as Ynsect, Aspire Food Group, Xiamen Water Life Imp. & Exp. Co. Ltd, BETA HATCH, Fluker's Cricket Farm, Entomo Farms, Invertapro AS, Enviroflight, Insecteo, Kreca Ento-Feed BV.
Market Taxonomy
By Insect Type
• Crickets
• Mealworms
• Black Soldier Flies
• Buffalo's
• Grasshoppers
• Ants
• Silkworms
• Cicadas
• Others
By Insect Category
• Regular Insects
• Premium Diet-Fed Insects
By Application
• Human Consumption Products
• Animal Nutrition
• Insect Oil
• Pharmaceuticals
• Cosmetics
• Personal Care
• Others
By Distribution Channel
• Direct
• Indirect
By Region
North America
• U.S
• Canada
• Mexico
Europe
• Germany
• France
• UK
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• Rest of Asia Pacific
Latin America
• Brazil
• Rest of Latin America
Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
Global Edible Insects Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Edible Insects Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact Due To Recent Energy Crisis
4.2.5 Cumulative Impact Due To Nearing Economic Downturn
4.2.6 Post Covid-19 World Supply and Demand Conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Edible Insects Market, By Insect Type
5.1 Y-o-Y Growth Comparison, By Insect Type
5.2 Global Edible Insects Market Share Analysis, By Insect Type
5.3 Global Edible Insects Market Size and Forecast, By Insect Type
5.3.1 Crickets
5.3.2 Mealworms
5.3.3 Black Soldier Flies
5.3.4 Buffalo's
5.3.5 Grasshoppers
5.3.6 Ants
5.3.7 Silkworms
5.3.8 Cicadas
5.3.9 Others
6 Global Edible Insects Market, By Insect Category
6.1 Y-o-Y Growth Comparison, By Insect Category
6.2 Global Edible Insects Market Share Analysis, By Insect Category
6.3 Global Edible Insects Market Size and Forecast, By Insect Category
6.3.1 Regular Insects
6.3.2 Premium Diet-Fed Insects
7 Global Edible Insects Market, By Application
7.1 Y-o-Y Growth Comparison, By Application
7.2 Global Edible Insects Market Share Analysis, By Application
7.3 Global Edible Insects Market Share Analysis, By Application
7.3.1 Human Consumption Products
7.3.2 Animal Nutrition
7.3.3 Insect Oil
7.3.4 Pharmaceuticals
7.3.5 Cosmetics
7.3.6 Personal Care
7.3.7 Others
8 Global Edible Insects Market, By Distribution Channel
8.1 Y-o-Y Growth Comparison, By Distribution Channel
8.2 Global Edible Insects Market Share Analysis, By Distribution Channel
8.3 Global Edible Insects Market Size and Forecast, By Distribution Channel
8.3.1 Direct
8.3.2 Indirect
9 Global Edible Insects Market, By Region
9.1 Global Edible Insects Market Share Analysis, By Region
9.2 Global Edible Insects Market Size and Forecast, By Region
10 North America Edible Insects Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 North America Edible Insects Market Share Analysis, By Insect Type
10.3 North America Edible Insects Market Size and Forecast, By Insect Category
10.4 North America Edible Insects Market Size and Forecast, By Application
10.5 North America Edible Insects Market Size and Forecast, By Distribution Channel
10.5 North America Edible Insects Market Size and Forecast, By Country
10.5.1 U.S
10.5.1 Canada
10.5.3 Mexico
11 Europe Edible Insects Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Europe Edible Insects Market Share Analysis, By Insect Type
11.3 Europe Edible Insects Market Size and Forecast, By Insect Category
11.4 Europe Edible Insects Market Size and Forecast, By Application
11.5 Europe Edible Insects Market Size and Forecast, By Distribution Channel
11.6 Europe Edible Insects Market Size and Forecast, By Country
11.6.1 Germany
11.6.2 France
11.6.3 UK
11.6.4 Rest of Europe
12 Asia Pacific Edible Insects Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Asia Pacific Edible Insects Market Size and Forecast, By Insect Type
12.3 Asia Pacific Edible Insects Market Size and Forecast, By Insect Category
12.4 Asia Pacific Edible Insects Market Size and Forecast, By Application
12.5 Asia Pacific Edible Insects Market Size and Forecast, By Distribution Channel
12.6 Asia Pacific Edible Insects Market Size and Forecast, By Country
12.6.1 China
12.6.2 Japan
12.6.3 India
12.6.4. Rest of Asia Pacific
13 Latin America Edible Insects Market Analysis and Forecast (2023-2030)
13.1 Introduction
13.2 Latin America Edible Insects Market Size and Forecast, By Insect Type
13.3 Latin America Edible Insects Market Size and Forecast, By Insect Category
13.4 Latin America Edible Insects Market Size and Forecast, By Application
13.5 Latin America Edible Insects Market Size and Forecast, By Distribution Channel
13.6 Latin America Edible Insects Market Size and Forecast, Country
13.6.1 Brazil
13.6.2. Rest of Latin America
14 Middle East Edible Insects Market Analysis and Forecast (2023-2030)
14.1 Introduction
14.2 Middle East Edible Insects Market Share Analysis, By Insect Type
14.3 Middle East Edible Insects Market Size and Forecast, By Insect Category
14.4 Middle East Edible Insects Market Size and Forecast, By Application
14.5 Middle East Edible Insects Market Size and Forecast, By Distribution Channel
14.6 Middle East Edible Insects Market Size and Forecast, By Country
14.6.1. Saudi Arabia
14.6.2. UAE
14.6.3. Egypt
14.6.4. Kuwait
14.6.5. South Africa
15 Competitive Analysis
15.1 Competition Dashboard
15.2 Market share Analysis of Top Vendors
15.3 Key Development Strategies
16 Company Profiles
16.1. Ynsect
16.1.1 Overview
16.1.2 Offerings
16.1.3 Key Financials
16.1.4 Business Segment & Geographic Overview
16.1.5 Key Market Developments
16.1.6 Key Strategies
16.2. Aspire Food Group
16.2.1 Overview
16.2.2 Offerings
16.2.3 Key Financials
16.2.4 Business Segment & Geographic Overview
16.2.5 Key Market Developments
16.2.6 Key Strategies
16.3. Xiamen Water Life Imp. & Exp. Co. Ltd
16.3.1 Overview
16.3.2 Offerings
16.3.3 Key Financials
16.3.4 Business Segment & Geographic Overview
16.3.5 Key Market Developments
16.3.6 Key Strategies
16.4. BETA HATCH
16.4.1 Overview
16.4.2 Offerings
16.4.3 Key Financials
16.4.4 Business Segment & Geographic Overview
16.4.5 Key Market Developments
16.4.6 Key Strategies
16.5. Fluker's Cricket Farm
16.5.1 Overview
16.5.2 Offerings
16.5.3 Key Financials
16.5.4 Business Segment & Geographic Overview
16.5.5 Key Market Developments
16.5.6 Key Strategies
16.6. Entomo Farms
16.6.1 Overview
16.6.2 Offerings
16.6.3 Key Financials
16.6.4 Business Segment & Geographic Overview
16.6.5 Key Market Developments
16.6.6 Key Strategies
16.7. Invertapro AS
16.7.1 Overview
16.7.2 Offerings
16.7.3 Key Financials
16.7.4 Business Segment & Geographic Overview
16.7.5 Key Market Developments
16.7.6 Key Strategies
16.8. Enviroflight
16.8.1 Overview
16.8.2 Offerings
16.8.3 Key Financials
16.8.4 Business Segment & Geographic Overview
16.8.5 Key Market Developments
16.8.6 Key Strategies
16.9. Insecteo
16.9.1 Overview
16.9.2 Offerings
16.9.3 Key Financials
16.9.4 Business Segment & Geographic Overview
16.9.5 Key Market Developments
16.9.6 Key Strategies
16.10. Kreca Ento-Feed BV
16.10.1 Overview
16.10.2 Offerings
16.10.3 Key Financials
16.10.4 Business Segment & Geographic Overview
16.10.5 Key Market Developments
16.10.6 Key Strategies