Strong Growth Ahead: Edible Insects Market Projects 25.2% CAGR Increase by 2030

Overview of Edible Insects Market Size & Future Outlook

According to the latest report by MarkNtel Advisors, the Global Edible Insects Market size is estimated to grow at a CAGR of around 25.2% from 2024-2030. This report is designed to enhance user understanding and support informed decision-making by thoroughly analyzing key market shifts, identifying gaps, exploring emerging opportunities, and assessing industry trends and competitive challenges. By combining both qualitative and quantitative data, it offers a comprehensive overview, highlighting growth prospects and providing valuable insights into competitors, helping both established companies and new entrants navigate the current market landscape.

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What are the key drivers influencing the growth of the Edible Insects market?

This section provides a detailed analysis of the market drivers and factors is explored thoroughly below.

Rising Awareness about Various Health Benefits of Edible Insects – One of the main factors propelling the Global Edible Insects Market is growing consumer awareness of the numerous health advantages of edible insects. Insects are becoming more popular as alternative protein sources because people are becoming more aware of traditional livestock husbandry's negative effects on the environment and sustainability. In addition, edible insects are a nutrient-dense food choice since they are high in protein, good fats, vitamins, and minerals.

Moreover, compared to traditional livestock, insects require less land, water, and feed, which adds to their allure as a sustainable food source. The demand for insect-based goods is rising globally as people become more aware of the possible health advantages of including edible insects in their diets and are becoming more concerned about environmental sustainability & food security.

How is the Edible Insects market segmented and what are the key factors within each segment?

The Edible Insects market has been further segmented into distinct categories. Analyzing growth within these segments allows you to identify niche opportunities, develop targeted strategies, and understand the variations in your core application areas and target markets.

By Insect Type

Crickets- Market Size & Forecast 2019-2030, (USD Million)
Mealworms- Market Size & Forecast 2019-2030, (USD Million)
Black Soldier Flies- Market Size & Forecast 2019-2030, (USD Million)
Grasshoppers- Market Size & Forecast 2019-2030, (USD Million)
Ants- Market Size & Forecast 2019-2030, (USD Million)
Buffalo’s Worm- Market Size & Forecast 2019-2030, (USD Million)
Silkworms- Market Size & Forecast 2019-2030, (USD Million)
Cicadas- Market Size & Forecast 2019-2030, (USD Million)
Beetles- Market Size & Forecast 2019-2030, (USD Million)
Caterpillar- Market Size & Forecast 2019-2030, (USD Million)
Others- Market Size & Forecast 2019-2030, (USD Million)

By Product Type

Insect Powder- Market Size & Forecast 2019-2030, (USD Million)
Protein Bars- Market Size & Forecast 2019-2030, (USD Million)
Whole Insects- Market Size & Forecast 2019-2030, (USD Million)

By End User

Human Consumption- Market Size & Forecast 2019-2030, (USD Million)
Animal Feed- Market Size & Forecast 2019-2030, (USD Million)
Agriculture- Market Size & Forecast 2019-2030, (USD Million)

By Region

North America
South America
Europe
The Middle East & Africa
Asia-Pacific.

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Who are the Key Market Players in the Edible Insects industry?

The competitive landscape of the Edible Insects market provides a detailed look at the key players in the industry. This includes an overview of each company, their financial performance, revenue generation, and market potential. It also covers their investments in R&D, new market initiatives, production facilities, and strengths and weaknesses. Additionally, the analysis looks at recent product launches, approvals, the range of products offered, their dominance in different applications, and the product life cycle. All of this information is specifically focused on how each company is positioning itself within the market.

Several key players are actively operating in the market, including

AgriProtein Technologies
Aspire Food Group
All Things Bugs
Beta Hatch
Bioflytech
DeliBugs Ltd.
Eat Grub Ltd.
Thailand Unique
Nordic Insect Economy Ltd.
Kreca Ento-Food BV
Entomo Farms Ltd.
Protifarm NV
EnviroFlight LLC
EntoCube, Ltd.
Entomo Farms
Ÿnsect SAS

Market Advancement by Leading Companies:

2023: Ÿnsect, a leading player in insect production, created a genotyping chip named Axiom® YNS_Mol1, a world-first for insect breeding and a noteworthy step in the evolution of the selection of larvae lines to produce insect-based proteins.

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