Global Edible Insects Market Growth 2024-2030

Global Edible Insects Market Growth 2024-2030

According to our LPI (LP Information) latest study, the global Edible Insects market size was valued at US$ 528.8 million in 2023. With growing demand in downstream market, the Edible Insects is forecast to a readjusted size of US$ 1349.1 million by 2030 with a CAGR of 14.3% during review period.

The research report highlights the growth potential of the global Edible Insects market. Edible Insects are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Edible Insects. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Edible Insects market.

With increased demand for animal-based food and to feed the large population, insects are being used as a source of food. Owing to the lower ecological footprint required for the production of insects. Consumption of insects also depends on human health issue and culture. Increased demand for edible insects is also resulting in the development of new technologies used to harvest insects in a more efficient way. Along with harvesting of insects, companies are also focusing on storing edible insects to keep them fresh for a long time. However , there are still some major factors hampering the market growth including safety and health issues, and legislative requirements. Companies are also focusing on developing various edible insect ingredients. Edible insects are also being offered along with the information on their nutrient contents.

Compared to the ingredients, edible insects as a whole is likely to be consumed on a large scale. In Asian countries such as Thailand and China, edible insects are sold as a whole to be consumed by people. Moreover, they are also the part of street food in these countries. With the rising preference for edible insects as a whole, companies are also providing packed edible insects as a whole in dried, BBQ, and raw form. Companies are also moving towards providing food-grade certified insects for consumption. Moreover, activities such as insect harvesting requires very less investment and it is considered as the best way to earn for the poorest section of society. However, companies are finding new ways to offer edible insects with maximum nutrition value.

Key Features:

The report on Edible Insects market reflects various aspects and provide valuable insights into the industry.

Market Size and Growth: The research report provide an overview of the current size and growth of the Edible Insects market. It may include historical data, market segmentation by Type (e.g., Caterpillar, Orthoptera), and regional breakdowns.

Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Edible Insects market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.

Competitive Landscape: The research report provides analysis of the competitive landscape within the Edible Insects market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.

Technological Developments: The research report can delve into the latest technological developments in the Edible Insects industry. This include advancements in Edible Insects technology, Edible Insects new entrants, Edible Insects new investment, and other innovations that are shaping the future of Edible Insects.

Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Edible Insects market. It includes factors influencing customer ' purchasing decisions, preferences for Edible Insects product.

Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Edible Insects market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Edible Insects market. The report also evaluates the effectiveness of these policies in driving market growth.

Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Edible Insects market.

Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Edible Insects industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.

Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Edible Insects market.

Market Segmentation:

Edible Insects market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

Segmentation by type
Caterpillar
Orthoptera
Beetles
True Bugs
Others

Segmentation by application
Hypermarkets/Supermarkets
Convenience Stores
Specialty Coffee Shops
Online Retail
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Thailand Unique
Kreca Ento-Food
Nordic Insect Economy
Entomo Farms
Enviro Flight
Proti-Farm
EXO
ENTOTECH
Deli Bugs
Eat Grub

Key Questions Addressed in this Report

What is the 10-year outlook for the global Edible Insects market?

What factors are driving Edible Insects market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Edible Insects market opportunities vary by end market size?

How does Edible Insects break out type, application?

Please note: The report will take approximately 2 business days to prepare and deliver.