PRESS RELEASE
Published on January 27, 2023
The global edible insects market was valued at US$3.2 billion in 2022 and is expected to grow at a CAGR of 18.5% to US$17.6 billion by the end of 2032. The study includes a complete analysis of market growth opportunities, a volume and value market summary, and a look at current business trends.
In addition, a broad component of global technological growth and advancement is covered through research. The Edible Insects market share is accurately forecast by industry research on the basis of volume, performance and valuation. Analysis includes user manuals, paid sources, industry publications, surveys, research findings and other in-depth primary analysis such as interviews and polls.
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How does the rising trend of alternative proteins pave the way for edible insect suppliers?
Demand for alternative proteins is growing worldwide, which opens up a lot of room for proteins from edible insects. In terms of low manufacturing costs and accessibility, insect-based edible protein offers many advantages over plant- and animal-based proteins.
The traditional sources of protein from plant and animal sources such as wheat, potato and other grain proteins, as well as animal proteins such as fish oil and fishmeal are significantly more expensive than proteins from edible insects. In addition, animal foods such as meat meal, fish meal and soybean meal account for 60 to 70 percent of the production costs. This element will significantly support the shift in protein preference away from proteins produced by plants and animals and towards proteins produced by insects.
Important companies in profile
- Thailand unique
- Kreca Ento-Food BV
- Nordic Insect Economy Ltd.
- Entomo Farms Ltd.
- Enviro Flight, LLC
- an insect
- exo protein
- Protix
- Deli Bugs Ltd.
- eat grub ltd
The Edible Insects Market report provides market size data along with key market drivers, restraints, opportunities, and threats that are expected to shape the global market growth. According to research estimates, spatial and business data will become increasingly important in the coming years. This sector is also detailed in the report, as is the documented progress over the expected timeframe.
In addition, the assessment considers the importance of a number of important issues that have recently been identified in corporate compensation. The report examines the market segmentation as well as the numerous lucrative opportunities that are accessible. According to the assessment, multi-feature commodity offerings would have a great positive impact on the “edible insects” and greatly contribute to the market expansion during the predicted period.
What insights does this research offer readers?
- Fragmentation of edible insects based on product type, end use and region.
- Comprehensive assessment of upstream feedstocks, downstream demand and the current market landscape.
- Collaborations, R&D projects, acquisitions, and product launches of each Edible Insects player.
- Various government regulations on the consumption of edible insects in detail.
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Edible insects Industry study shines because it makes effective use of well-known statistical tools and coherent models for analyzing and forecasting market data. The document was created with companies of all sizes in mind. The problem of time-consuming techniques to gather market information is easily and quickly solved by Edible Insects analysis report. With the help of this comprehensive market research report, the company can achieve its maximum growth potential. By using excellent research techniques and practice models, customers can learn about the best chances of market success.
What are compelling reasons to buy this report?
- Global Edible Insects Market forecast for the present and future in both developed and developing markets
- Both the market segment with the largest projected share and the market segment with the highest CAGR throughout the projection period
- Countries and regions expected to experience the fastest development throughout the projection period
- The latest innovations, market shares and tactics used by the leading market players
- Customization of the report
- The report includes all segmentation shown above for all given countries.
Edible Insects Market: Segmentation
- By insect species:
- Black soldier flies
- Beetle
- caterpillars
- Hymenoptera
- Orthoptera
- True mistakes
- Other
- By product type:
- By form:
- All frozen
- Completely dried
- powder
- According to end use:
- human consumption
- animal nutrition
- By distribution channel:
- On-line
- brand websites
- Ecommerce Platforms
- Offline
- retail stores
- Supermarkets/Hypermarkets
- specialty shops
- direct sales
- On-line
- By region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & ASEAN
- Oceania
- THING
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Important Key questions covered in Edible Insects market report
- How are the Key Market Players in the Edible Insects Market Maintaining Their Competitive Advantage As The Globalization Moves?
- What are the changing market dynamics in the Edible Insects market indicating the future opportunities for manufacturers?
- How has the Covid-19 pandemic impacted the Edible Insects market sales and what strategies are expected to recover from its impact?
- What business tactics are attracting attention and influencing the rivalry in the Edible Insects market?
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