Edible Insects Market Overview: Rapid Growth and Emerging Opportunities
The Edible Insects Market, valued at US$ 3.30 billion in 2023, is witnessing a strong surge, with an estimated CAGR of 19.2% from 2024 to 2030. The growing demand for alternative protein sources and nutrient-rich food products has made edible insects a viable solution to food security and sustainable nutrition. This expansion is fueled by increasing awareness about the health benefits of insect consumption and rising investment in insect farming and processing technology.
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Global Market Dynamics: Drivers and Challenges
The edible insects industry is propelled by the rising global population, increasing pressure on traditional food supplies, and the growing demand for high-protein, nutrient-dense food options. Particularly in developing regions like Asia Pacific, where food security and malnutrition are major concerns, edible insects are considered an affordable and sustainable solution. Additionally, as people across the globe, especially the youth, seek out healthier and nature-based food products, the demand for edible insects has significantly grown.
Despite these opportunities, challenges persist. Issues such as the taboo surrounding insect consumption in some cultures, hygiene in processing, and the regulatory landscape pose significant barriers. Moreover, rising competition from traditional meat and plant-based alternatives continues to test market resilience.
Key Developments in the Edible Insects Market
Recent innovations in edible insect production and processing technologies are accelerating the market’s growth. In countries such as Thailand, Vietnam, and South Korea, large-scale insect farming initiatives have been developed to meet both local and international demand. For instance, the use of advanced farming techniques to enhance the yield of crickets and mealworms is helping boost production while reducing costs.
In the United States and Europe, research and development (R&D) investments are focused on improving insect meal quality and expanding its applications in human food products. Companies like Aspire Food Group and Protix B.V. have pioneered commercial insect farming with a focus on sustainability, offering high-protein ingredients for the food and animal feed sectors.
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Key Mergers and Acquisitions: Strategic Moves to Strengthen Market Presence
Several strategic mergers and acquisitions have shaped the competitive landscape of the edible insects market:
Beta Hatch Inc., a leading insect farming company in the US, recently acquired InnovaFeed, a major player in the European insect farming sector, to expand its reach in both markets.
Enviro Flight, another prominent player, has announced a partnership with several South East Asian manufacturers to scale up the production of insect-based protein for animal feed.
Ynsect SAS, based in France, has been actively involved in expanding its operations through mergers with local insect farming businesses to increase its global production capacity.
Regional Insights: Key Markets Leading the Growth
Asia Pacific is the fastest-growing region in the edible insects market, with a projected CAGR of 16.1%. Countries such as Thailand, Vietnam, and South Korea are leaders in edible insect farming, with innovations in production techniques contributing to reduced costs and higher yields.
North America holds the largest market share, particularly in the United States, where growing consumer awareness of sustainability and protein alternatives is driving market expansion. The region’s advanced technology and high consumption of edible insect-based products are pivotal in its continued dominance.
Europe, particularly in the United Kingdom and Germany, is witnessing a rise in demand for sustainable food sources, and the popularity of insect-based snacks is growing rapidly. Government initiatives and trade agreements also support the expansion of edible insect consumption across the continent.
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Edible Insects Market Segmentation
by Product Type
Insect Powder
Insect Meal
Insect Bar
Insect Paste
Insect Oil
Others
by Powder Type
Tree Bugs Powder
Beetles Powder
Crickets Powder
Caterpillars Powder
Grasshoppers Powder
Others
Tree Bug Powder, Beetle Powder, Cricket Powder, Caterpillar Powder, Grasshopper Powder, and Others are the several powder types that make up the market. In 2023, the Grasshoppers Powder sector had the biggest market share, with 27%. Grasshopper powders contain protein, minerals, fiber, fatty acids, and vitamins. High-quality delicacies like chips, energy bars, chocolates, and macarons are frequently made using grasshopper powder. It is anticipated that rising consumer demand for premium protein products and the expanding use of high-purity grasshopper powders in the food and beverage sector will increase consumption and propel industry demand worldwide.
by Application
Food
Beverages
Cosmetics
Health Supplements
Animal Feed
Other
by Insect Type
Crickets
Black Soldier Flies
Mealworms
Buffalo Worms
Grasshoppers
Ants
Silkworms
Cicadas
Other Edible Insects
Edible Insects Market Key Playersย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย
1. 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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Key questions answered in the Edible Insects Market are:
- What is Edible Insects?
- What is the growth rate of the Edible Insects Market?
- What are the upcoming opportunities and trends for the Edible Insects Market?
- What are the different segments of the Edible Insects Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Edible Insects Market?
- What segments are covered in the Edible Insects Market?
Key Offerings:
- Past Market Size and Competitive Landscape
- Past Pricing and price curve by region
- Market Size, Share, Size & Forecast by different segment
- Market Dynamics โ Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation โ A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape โ Profiles of selected key players by region from a strategic perspective
- Competitive landscape โ Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTERโs analysis
- Value chain and supply chain analysis
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