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.
Edible Insects Market Overview:
The recently published “Edible Insects Market” Report by Maximize Market Research is available in the market. Maximize Market research is an international business consultancy firm, serving large and medium size players across the world. It has got clients in more than 34 countries. The impact of the market is normal after the Covid Lockdown has been analyzed in the report and the market is showing an upward trend even in the midst of an economic slowdown.
Edible Insects Market Scope :
Market experts estimate that the Edible Insects market will grow steadily from 2023 to 2029. Leading industry players are expected to continue to make aggressive moves to rapidly build the sector through 2023. The Edible Insects market analysis report covers import and export consumption, supply and demand chain, costs, shares, sales volumes, revenues, and gross profits. The report also examines the manufacturing bases, capacity, production, factory prices, revenues, and market share of each manufacturer in the Edible Insects market.
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Segmentation Analysis:
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
The market is divided into segments based on the type of powder, including those for tree bugs, beetles, crickets, caterpillars, grasshoppers, and others. In 2022, the Grasshoppers Powder segment accounted for 27% of the market, the biggest share. Powdered grasshopper contains protein, minerals, fibre, 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 anything from skin-nourishing and moisturising cosmetics to pain relief products for muscles.
by Insect Type
Crickets
Black Soldier Flies
Mealworms
Buffalo Worms
Grasshoppers
Ants
Silkworms
Cicadas
Other Edible Insects
Major Players are:
- 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 European region, North American region, Asia-Pacific region, the Middle East and Africa region, and Latin America are the five primary world regions included in the report. The Edible Insects Industry Research identifies the market’s key geographies, as well as notable segments and sub-segments. The Edible Insects market report includes figures, geographies, revenue, and in-depth analysis of the business chain structure, opportunities, and industry news of the Edible Insects market.
The following countries are researched in the report:
- United States (USA)
- Canada
- Mexico
- Germany
- France
- United Kingdom (UK)
- Russia
- Italy
- China
- Japan
- South Korea
- India
- Southeast Asia
- Australia
- Brazil
- Saudi Arabia
Key Questions answered in the Edible Insects Market Report are:
- What is the expected Edible Insects market size by 2029?
- What is the forecast period of the Edible Insects Market?
- What are the Edible Insects market segments?
- What is the competitive scenario of the Edible Insects market?
- Which region held the largest market share in the Edible Insects Market?
- What are the opportunities for the Edible Insects Market?
- What are the restraining factors in the Edible Insects market?
- Who are the key players of the Edible Insects market?
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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