Edible Insects Market Overview:
The rising population, as well as restrictions on the supply and price of food, have increased the demand for edible insects as food. Edible Insects Meal is frequently consumed by people from low and moderate income levels due to its high nutrient content and affordability, especially in Asia’s western and southern regions. In this densely populated region, 20% of the world’s population resides. Therefore, investing in edible insects makes sense because there is such a huge market opportunity given the current demand.
Animals are frequently fed with palatable insects. In order to help poultry animals gain weight and muscle mass, edible insects are fed to them. Animal and Feed Sciences believe that the nutrient-dense nature of edible insects has led to higher consumption of animal food, either directly or in combination with other foods to improve nutritional content.
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Edible Insects Market Segmentation:
The Edible Insects Market is divided into Tree Bugs Powder, Beetles Powder, Crickets Powder, Caterpillars Powder, Grasshoppers Powder, and Others based on the type of powder. In 2021, the Grasshoppers Powder segment had the highest market share (27%). The ingredients in grasshopper powders include vitamins, minerals, fatty acids, fibre, protein, and fibre. High-quality foods like chips, energy bars, chocolates, and macarons frequently contain grasshopper powder. Global industry demand is anticipated to rise because of rising consumer demand for high-quality protein products and increased adoption of high-purity grasshopper powders in the food and beverage sector.
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Edible Insects Market Key players:
- Enviro Flight
- Beta Hatch Inc.
- InnovaFeed
- AgriProtein Technologies
- ReeseFiner Foods Inc.
- Global Bugs Asia CO., Ltd
- Protix B.V
- HaoCheng Mealworm Inc.
- Kreca V.O.F.LLC
- Deli Bugs Ltd.
- Tiny Farms
- Ynsect SAS
- Hargol Foodtech
- EntoCube Ltd.
- Protifarm Holdings Nv
The results are then verified through interviews with prominent local businessmen. Due to the SWOT analysis of each player, PESTLE analysis, and Porter’s analysis benchmarking of significant players on several metrics, this report is distinct and a guide for investors. The supply and consumption information for each participant is gathered from reputable third-party databases, official government databases, and yearly reports in the case of publicly traded enterprises. If a company’s annual reports are not publicly available, you might ask the local government’s tax division for them.
Edible Insects Market Regional Insights:
The Edible Insects market is divided into 5 main regions, and they are North America, Europe, Asia Pacific, South America, and MEA.
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