Edible Insect Market to Grow with a CAGR of 13.6% Globally through to 2028
Rising awareness of the nutritional benefits of
insects, increasing investment in the edible insect industry are factors
driving the global edible insect market in the forecast period 2024-2028.
According to TechSci Research report, “Global Edible
Insect Market - Industry Size, Share, Trends, Competition Forecast &
Opportunities, 2028”, the Global Edible Insect Market stood at USD 2.91
billion in 2022 and is anticipated to grow with a CAGR of 13.6% in the forecast
period, 2024-2028. The edible insects market has been gaining traction in
recent years due to various factors driving its growth. The edible insects market is being driven by a
combination of sustainability and environmental concerns, nutritional benefits,
the need for food security, culinary innovation, changing consumer perceptions,
and economic viability. These drivers are converging to create a promising
future for the edible insect industry, which has the potential to address some
of the most pressing challenges in the global food system while offering
consumers a sustainable and nutritious protein source. As the world continues to
grapple with issues like climate change and food security, edible insects are
poised to play an increasingly vital role in shaping the future of food
production and consumption.
Browse over 26 market data Figures spread
through 184 Pages and an in-depth TOC on "Global Edible Insect Market”
The edible insects market is experiencing significant
growth and transformation due to trends such as increasing demand for
sustainable protein sources, the expansion of insect-based product offerings,
the development of regulatory frameworks, ongoing research and technological
advancements, consumer education and acceptance, the rise of insect farming as
a source of livelihood, and collaboration and partnerships within the industry.
As these trends continue to shape the market, edible insects are poised to play
an increasingly important role in addressing global food security and
sustainability challenges while offering consumers a nutritious and
eco-friendly protein source. The consumption of insects in the tropical and
sub-tropical Asian regions from various insect groups in these regions.
Insect-eating habits are not only associated with nutritional aspects but are
also closely related to socio-cultural practices and religious beliefs. Edible
insects are also used to complement diets with rich protein sources and
ecologically sustainable sources of the region's food.
The accessibility and affordability of edible insects
are high in the market. They can be easily cultivated, procured, and
incorporated into the daily diet as additives in various forms or as a whole,
thereby enhancing the overall nutritional quality of the food. In addition,
these insects exhibit minimal processing operations during post-harvest, thus
providing a highly economical alternative to animal-based meat products.
Beetles make up the biggest volume
proportion of all the eatable insects. Protein and amino acids can be obtained
from insects sustainably. They are also abundant in minerals, dietary fibre,
fatty acids, and Omega-3. Micronutrients like iron, zinc, magnesium, manganese,
phosphorus, and selenium were also discovered to be abundant in the insects.
Riboflavin, biotin, pantothenic acid, and, occasionally, folic acid is among
the vitamins found in edible insects. Insects are being quickly incorporated to
the food and beverage business because they include a variety of nutritious
components. The market will probably be driven in the upcoming years by the
shifting trend towards sustainable practises.
The Global Edible Insect Market is segmented into insect
type, insect category, application regional distribution, and company.
Based on the type, the edible insect
market is further divided into the crickets, beetles, mealworms, black soldier
flies, grasshoppers, ants, silkworms, cicadas, other categories. The most
popular invertebrate for human consumption, beetles contributed highest share
in 2022. The segment is being driven by elements like its distinct flavor in
comparison to other goods and growing consumer knowledge of its nutritious
value.
Based on region, The market for edible insects worldwide
continues to be dominated by Europe. Due to the rising demand for foods high in
protein and the variety of protein sources consumed in European nations, there
is a growing interest in the market for edible insects. Due to
awareness-raising campaigns and the creation of European legislation, the
edible insect and insect-based food sector has recently seen a surge in the
numbers produced and traded.
Major companies operating in Global Edible Insect Market
are:
- Ynsect
- Aspire Food Group
- Xiamen Water Life Imp. & Exp. Co.
Ltd
- Beta Hatch
- Fluker's Cricket Farm
- Entomo Farms
- Invertapro AS
- Enviroflight
- Insecteo
- Kreca Ento-Feed BV
Download Free Sample Report
Customers can also request for 10%
free customization on this report.
“The edible insects market has experienced remarkable
growth in recent years. Driven by concerns over sustainability, protein
scarcity, and environmental impact, consumers are increasingly embracing
insects as a viable food source. This growth is further propelled by culinary
innovation, with insect-based products ranging from protein bars to gourmet
dishes becoming more readily available. Regulatory frameworks are also evolving
to accommodate the market's expansion. As consumer education and acceptance continue
to rise, and as technology and farming practices improve, the edible insects
market is poised for continued growth, positioning itself as a sustainable and
nutritious solution to global food challenges.,” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based management consulting
firm.
“Edible
Insect Market – Global Industry Size, Share, Trends, Opportunity, and Forecast,
Segmented By Insect Type (Crickets, Beetles, Mealworms, Grasshoppers, Ants,
Silkworms, Cicadas, Others), By Application (Human Consumption Products, Animal
Nutrition, Insect Oil, Pharmaceuticals, Cosmetics, Personal Care, Others), By
Insect Category (Regular Insects, and Premium Diet-Fed Insects) By Region, By
Competition, 2018-2028”, has evaluated the future growth potential
of Global Edible Insect Market and provides statistics & information on
market size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in Global Edible
Insect Market.
Contact
Mr. Ken Mathews
Techsci Research LLC
420 Lexington Avenue, Suite 300,
New York, United States- 10170
Tel: +13322586602
Email: sales@techsciresearch.com
Website: www.techsciresearch.com