Edible Bugs Market Reached US$ 911.7 Million in 2023 and Forecast to Attain US$ 3,430.1 Million in 2030

Edible Insects Market Reached US$ 911.7 Million in 2023 and Forecast to Reach US$ 3,430.1 Million in 2030


Published February 2, 2023

Reports and Insights (R&I) has a new report titled Edible Insects Market: Opportunity Analysis and Future Evaluation 2023-2030

Reports and Insights used both primary and secondary research methods and examined the Market for edible insects from all perspectives of recent times. The issued report promises clients to help them gain a deeper understanding of the prevailing market dynamics such as supply-demand asymmetry, product preferences, customer preferences and habits, price trends, etc. The data is then compiled and scored against a scale of market assessment and data validation approaches. Additionally, Reports and Insights has an internal data forecasting approach that forecasts market growth up to 2030.

Global Edible Insects Market, by Insect Type (Bugs, Caterpillars, Hymenoptera, Orthoptera, Others), by Product Type (As Whole (Steamed or Fried, Raw, BBQ), As Ingredient (Beverage, Insect Confectionery, Snacks or Baked Goods), Others) ) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) is forecast to grow at a significant CAGR for the period between 2020 and 2028.

The edible insect market is estimated at one Valued at US$911.7 million by the end of 2022 and expected to reach at a Value of US$3,430.1 million by 2030 with a significant CAGR of 18.1%.

Get a sample report with table of contents: https://reportsandinsights.com/sample-request/1388

Insects that can be eaten as food, or better known as edible insects, have always been a part of human cuisine, although insects are still considered inconvenient and nuisance in some communities. In particular, it is widely recognized that by 2050 the world will have to shut the mouths of 9 billion people. In modern times, land is scarcely available and expanding the field devoted to agriculture is hardly a sustainable or viable choice. Therefore, in the future it is essential to check how and what we produce and what we eat.

There is a critical need to explore new alternatives for growing food. Due to these factors, the idea of ​​edible insects is expected to grow rapidly and diversify worldwide, which in turn is estimated to drive the growth of global edible insects market size in the coming years.

That being said, the demand for animal foods has grown exponentially over the past few decades, further fueling the idea of ​​edible insects throughout the food and beverage industry worldwide. Furthermore, the growing number of food alternatives to be explored in the global markets plays a crucial role in increasing the demand for edible insects among the population. Therefore, the global edible insects market is expected to witness major breakthroughs during the forecast period.

Get the latest news and developments in the edible insects market at: https://reportsandinsights.com/pressrelease/edible-insects-market

In addition, the edible insects are considered to be high in protein and low in fat and ultimately claim to be an inexpensive food. Nevertheless, the increased health consciousness of the masses worldwide is expected to further accelerate the growth of the global edible insects market in the near future.

Furthermore, the edible insects can be consumed whole in dried, roasted or powdered form to make them rich in protein, which proves to be very beneficial for human well-being, as well as an ingredient in the popular foods like patties, burgers and other snacks.

For the same reason, the ready availability and economical processing techniques of edible insects further promote the idea of ​​edible insects around the world. Hence, the global market share of edible insects is forecast to grow significantly in the coming years.

The R&I study identifies some of the major participating players in the global edible insects market: Thailand Unique, Kreca Ento-Food BV, Nordic Insect Economy Ltd., Entomo Farms Ltd., Enviro Flight, LLC, Proti-Farm, Exo Inc. , ENTOTECH , Deli Bugs Ltd. and Eat Grub Ltd., among others.

Some of the key questions answered in this report:

  • Who are the top five players in Edible Insects market space?
  • How will the Edible Insects market change in the coming years?
  • Which product and application will take a share of the edible insects market?
  • What are the drivers and restraints of Edible Insects Market?
  • Which regional market will show the highest growth?
  • What will be the CAGR and size of the Edible Insects market during the forecast period?
  • What is the current market size, what will the market be in 2030 and what will be the growth rate?
  • What are the challenges to grow in the market?
  • What market opportunities and challenges are the key vendors facing?
  • Who are the biggest competitors and what are their strategies?
  • What are the entry barriers for new market participants?

Get a sample report to see top players, segmentation and other stats of the Edible Insects industry: @ https://reportsandinsights.com/sample-request/1388

About reports and insights:

Reports and Insights is one of the leading market research companies providing syndicated and consultative research worldwide. At Reports and Insights, we listen to client needs and regularly think about creating more valuable and real results for our clients. We are equipped with a strategically expanded group of researchers and analysts who are redefining and stabilizing business polarity in various categorical dimensions of the market.

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