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
Maximize Market research, is one of the leading business consultancy and research firm which has published a report on the Edible Insects Market .
As per the analysis in the report, the global Edible Insects Market is expected to be dominated by the Edible Insects Market region to grow at a given growth rate during the forecast period.
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Market Scope
Key insights covered in the report include the analysis of drivers present in the market at the global and regional levels, also challenges that affect future growth and opportunities due to technical advancements in the market.
The market is divided into two major segments – product and distribution channels. Segment-wise analysis helps gain insights into the core target consumers and their habits, and manufacturers.
As Edible Insects Market report has precise and accurate analysis of market trends, future developments, market segments and competitive analysis which suits the needs of all sizes of businesses in the industry.
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Segmentation
- Insect Type: Edible insects come in various species, each with its own taste, texture, and nutritional profile. Segmentation based on insect type can include:
a. Crickets: Crickets are one of the most commonly consumed edible insects. They are rich in protein, vitamins, and minerals.
b. Mealworms: Mealworms are the larvae of darkling beetles. They are high in protein, fiber, and healthy fats.
c. Black Soldier Flies: Black soldier flies and their larvae are nutritious and rich in protein, making them a popular choice in the edible insect market.
d. Grasshoppers: Grasshoppers are known for their high protein content and are consumed in various cultures around the world.
e. Silkworms: Silkworm larvae are commonly consumed in Asian countries and are a good source of protein and healthy fats.
f. Others: This segment can include other edible insect species such as ants, beetles, locusts, and waxworms.
- Product Form: Edible insects can be processed and prepared in various forms, catering to different culinary preferences. Segmentation based on product form can include:
a. Whole Insects: This segment includes whole insects that are typically dried or roasted and consumed as a standalone snack or incorporated into recipes.
b. Powdered or Ground Insects: Insects can be processed into a fine powder or ground form, which is used as an ingredient in food products, protein bars, energy drinks, and baked goods.
c. Paste or Puree: Some edible insect products come in the form of pastes or purees, which can be used as spreads or incorporated into sauces, dressings, and other culinary applications.
d. Protein Extracts: Insects can be processed to extract proteins, which are then used as ingredients in protein powders, protein bars, and other protein-rich food products.
- End User: The edible insects market can be segmented based on the target end users. This includes:
a. Food and Beverage Industry: This segment focuses on the use of edible insects as ingredients in food and beverage products, including snacks, energy bars, pasta, protein shakes, and more.
b. Retail Consumers: This segment includes individual consumers who purchase edible insects for personal consumption as a snack or as ingredients in home cooking.
c. Animal Feed Industry: Edible insects are also used as a sustainable protein source in animal feed, particularly for livestock and aquaculture.
d. Others: This segment can include niche markets and specialized applications, such as pet food, pharmaceuticals, and cosmetic ingredients.
- Geography: Geographical segmentation is relevant as the acceptance and consumption of edible insects can vary across regions and cultures. The market can be segmented by regions such as North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
Key Players
• 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
The study of the market segmented into specific regions provides a microanalysis of the main objectives and the strategies of competitors in that region. Regional analysis provides identification of regional trends, opportunity, areal development, restriction, and government policies.
This report supports strategic planning, region-wise management, and environmental support according to a specific country and followed by region.
Key Questions answered in the Edible Insects Market Report are:
- What is Edible Insects Market ?
- What is the forecast period of the Edible Insects Market ?
- 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 factors are affecting the Edible Insects Market growth?
- Who are the key players of the Edible Insects Market ?
- Which company held the largest share in the Edible Insects Market ?
- What will be the CAGR of the Edible Insects Market during the forecast period?
- What key trends are likely to emerge in the Edible Insects Market in the coming years?
Key offerings:
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key
- trends
- Market Segmentation: A detailed analysis by Edible Insects Market
- Landscape- Leading key players and other prominent key players.
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