DUBLIN–(BUSINESS WIRE)–The Edible Insects Market by Product (Whole Insect, Insect Powder, Insect Meal, Insect Oil), Insect Type (Crickets, Black Soldier Fly, Mealworms), Application (Pet Feed, Protein Bars & Shakes, Bakery, Confectionery, Beverage) and Geography – Forecast to 2030” has been added ResearchAndMarkets.com Offer.
The edible insects market is projected to reach US$9.60 billion by 2030 at a CAGR of 28.3% over the forecast period 2022-2030. In terms of volume, the edible insects market is expected to reach 3,139,035.10 tons by 2030 at a CAGR of 31.1% over the forecast period 2022-2030.
The growth of the edible insects market is being driven by the rising greenhouse gas emissions from the livestock and poultry industries, the high nutritional value of insects, the environmental benefits of consuming edible insects, the increasing demand for insect-derived protein in the animal feed industry, and the minimal risk of the Transmission of zoonoses through consumption of edible insects.
Additionally, emerging markets are expected to bring significant growth opportunities to the players operating in this market. However, the lack of awareness of the benefits of eating insects is expected to remain a major challenge for the growth of this market.
Based on the product, the entire insects segment is expected to account for the largest share of the edible insects market in 2022. The easy availability and lower cost of whole insects compared to processed insects is one of the main drivers of demand in this market. In addition, the shortage of insect processing facilities in some regions of the world and the growing demand for insects in the animal feed industry are driving the growth of the overall insect segment.
Based on the insect type, the Black Soldier Fly segment is estimated to witness rapid growth during the forecast period 2020-2030. The rapid growth of this segment is due to the growing aquaculture industry, increasing demand for alternative proteins from the animal feed industry due to rising soy meal prices, growing government support for the use of insect meal in animal feed, and increasing number of investments by key industry players black soldier bow tie.
Depending on the application, the food and beverage segment is expected to account for the largest share of the edible insects market in 2022. The growth of this segment is being driven by increasing global food shortages, increasing consumption of processed whole insects as food, and increasing end-user demand for high-quality alternative sources of protein and amino acids.
Based on the end consumption, the human consumption segment is estimated to witness rapid growth during the forecast period 2020-2030. The growth of this segment is attributed to the increasing demand for insect-based foods to feed the growing world population, the high nutritional value of insects in human diet and the growing demand for environmentally friendly alternative protein sources.
Geographically, Asia Pacific is expected to account for the largest share of the edible insects market in 2022. The market growth is attributed to factors such as well-established commercial agricultural markets for edible insects, particularly in Thailand, wide availability of various insects coupled with huge production, positive attitude towards insects as food and feed, lack of regulatory barriers to using insects as food and feed and the presence of important market participants in the region.
key figures
Some of the major players in the Edible Insects Market include:
-
Ynsect (SAS) (France)
-
Protix BV (Netherlands)
-
Enterra Feed Corporation (Canada)
-
InnovaFeed (France)
-
EnviroFlight
-
LLC (USA)
-
Nutrition Technologies Group (Singapore)
-
Entomo Farms (Canada)
-
Hargol FoodTech (Israel)
-
Aspire Food Group (US)
-
All Things Bugs LLC (USA)
-
Beta Hatch (USA)
-
EntoCube OY (Finland)
-
Armstrong Crickets Georgia (USA)
-
Global Bugs Asia Co. Ltd (Thailand)
-
JR Unique Foods (Thailand)
-
Cricket Lab Limited (UK)
-
BioflyTech (Spain)
-
TEBRIO (Spain)
-
nextProtein (France)
-
Hexafly (Ireland)
-
HiProMine SA (Poland)
-
Protenga Pte. ltd (Singapore).
Key questions answered in the report
-
Which are the high growth market segments in terms of product, insect type, application, end use and region/country?
-
What has been the historical market size for edible insects around the world?
-
What are the market forecasts and estimates for 2022-2030?
-
What are the key drivers, restraints, opportunities and challenges of the edible insects market?
-
Who are the Key Vendors in Edible Insects Market space?
-
What is the competitive landscape and who are the market leaders in the Edible Insects market?
-
What are the recent developments in the edible insects market?
-
What are the geographic trends and high growth regions/countries?
-
Who are the local emerging players in the Edible Insects market and how do they compete with global players?
Main topics covered:
1 Introduction
2. Research methodology
3. Summary
3.1. introduction
3.2. Segment Analysis
3.3. Regional Analysis
3.4. key figures
4. Market Insights
4.1. introduction
4.2. driver
4.2.1. Growing greenhouse gas emissions from the livestock and poultry industry
4.2.2. High nutritional value of insects
4.2.3. Environmental benefits of eating edible insects
4.2.4. Increasing demand for insect protein in the animal feed industry
4.2.5. Low risk of transmission of zoonotic diseases from eating edible insects
4.3. restrictions
4.3.1. Lack of a standardized regulatory framework
4.3.2. Psychological and ethical barriers to eating insects for food
4.3.3. Allergy risk from eating insects
4.4. opportunities
4.4.1. emerging markets
4.5. challenges
4.5.1. lack of awareness
4.6. price analysis
4.6.1. introduction
4.6.2. Whole insects
4.6.3. insect powder
4.6.4. insect meal
4.6.5. insect oil
4.7. Major edible insect companies and their production capacities (tons/year)
4.8. The Impact of Covid-19 on the Edible Insects Market
4.9. Regulatory Analysis
4.9.1. North America
4.9.1.1. US
4.9.1.2. Canada
4.9.2. Europe
4.9.3. Asia Pacific
4.9.4. rest of the world
4.10. Edible Insects Market: Risk Investing / Funding Scenario
5. Global Edible Insects Market by Product
5.1. introduction
5.2. Whole insects
5.3. insect powder
5.4. insect meal
5.5. insect oil
6. Global Edible Insects Market by Insect Type
6.1. introduction
6.2. grilling
6.3. Black soldier flies
6.4. mealworms
6.5. buffalo worms
6.6. grasshoppers
6.7. ants
6.8. silkworms
6.9. cicadas
6.10. Other Edible Insects
7. Global Edible Insects Market by Application
7.1. introduction
7.2. food and drinks
7.2.1. Processed whole insects
7.2.2. Processed insect powder
7.2.3. Protein Bars & Protein Shakes
7.2.4. Baked Goods & Snacks
7.2.5. confectionery made from insects
7.2.6. insect drinks
7.2.7. Other food and beverage applications
7.3. Feed
7.3.1. animal feed
7.3.2. aquaculture feed
7.3.3. animal feed
8. Global Edible Insects Market by End-Use
8.1. introduction
8.2. human consumption
8.3. animal nutrition
9. Edible insects market, by geography
9.1. introduction
10. Competitive Landscape
10.1. introduction
10.2. competitive comparison
11. Company Profiles
11.1. Business Overview
11.2. product portfolio
11.3. Strategic Developments
For more information about this report, visit https://www.researchandmarkets.com/r/rqrgek
