Edible Insects Market was valued at US$ 2.33 Bn. in 2021. 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 research ” Edible Insects Market ” seeks to provide up-to-date market intelligence and aid decision-makers in making sound investment decisions. It also offers a comprehensive analysis of the global Edible Insects Market by Product Type, End Users/Application, Key Manufacturers, and Several Key Regions.
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Market Scope:
The research focuses on the report’s growth prospects, constraints, and market analyses. The research employs Porter’s five forces analysis of the Edible Insects Market industry to assess the impact of several variables on Edible Insects Market trends, including supplier bargaining power, competitor competitive intensity, the threat of alternatives, buyer power etc.
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Segmentation:
The Edible Insects Market is divided into the Powder Type categories of Tree Bugs Powder, Beetles Powder, Crickets Powder, Caterpillars Powder, Grasshoppers Powder, and Others. In 2021, the sector Grasshoppers Powder accounted for 27% of the market. Grasshopper powders are a good source of protein, minerals, fibre, fatty acids, and vitamins. Foods of the highest calibre, such chips, energy bars, chocolates, and macarons, are frequently made using grasshopper powder. The food and beverage sector is predicted to use high-purity grasshopper powders more widely and increase customer demand for high-quality protein products, which will increase consumption and fuel industry demand globally.
Key Players: The key players are
• Aspire Food Group
• 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
• Armstrong Cricket Farm Georgia
• Entomo Farms
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Regional Analysis:
Our analysts have also studied the global Edible Insects Market in the following regions:
- America, North (the United States, Canada)
- European Union (Germany, France, United Kingdom, Russia)
- Asia-Pacific region (China, Japan, Korea, India, Southeast Asia, and Australia)
- Latin America (Brazil, Argentina, Colombia)
- Africa and the Middle East (Saudi Arabia, UAE, Egypt, South Africa)
COVID-19 Impact Analysis on Edible Insects Market : The detailed impact analysis of the COVID-19 pandemic on the global Edible Insects Market has also been included in the report.
Key Questions Answered in the Edible Insects Market Report are:
- What will be the CAGR of the Edible Insects Market during the forecast period (2023-2029)?
- Which segment emerged as the leading segment in the Edible Insects Market in 2022?
- Which are the key players in the Edible Insects Market ?
- What key trends are likely to emerge in the Edible Insects Market in the forecast period?
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