A Quick Overview of Edible Insects Market
The key object of this report on the Edible Insects Market is to offer worthy data and a geographical perspective for predictions of market growth in the future. The recommendations added in this detailed report are insightful, and actionable offering a deep understanding of the industry. Moreover, it includes a comprehensive importance of aspects that have impacted the industry.
MarkNtel Advisors has recently studied an extensive market intelligence evaluation on the Edible Insects Market. Also, the newly released report exhibits an engaging format that comprises compelling graphs, tables, charts, and figures as well. These seamlessly combined visual aids are designed to support the clarity and accuracy of the details presented, offering analysts a deep knowledge of the topic at hand.
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Edible Insects Market Scenario:
The Global Edible Insects Market size is estimated to grow at a CAGR of around 25.2% during the forecast period, i.e., 2024-30. The market's growth is driven primarily by the burgeoning requirements for high-protein & low-fat foods worldwide. Besides, the easy availability, high nutritional value, and low-cost production methods associated with edible insects further drive the global market. The increasing number of insect farming practices due to low costs and the rising instances of livestock diseases are other crucial aspects leading to the mounting adoption of insect-based food products globally. Furthermore, massive R&D investments by the leading players in the industry are coming up with innovative products projecting profitable opportunities for the market over the forthcoming years.
Edible Insects Market - Industry Dynamics, Size, And Opportunity Forecast To 2030:
Market Driver - Rising Awareness about Various Health Benefits of Edible Insects
One of the main factors propelling the Global Edible Insects Market is growing consumer awareness of the numerous health advantages of edible insects. Insects are becoming more popular as alternative protein sources because people are becoming more aware of traditional livestock husbandry's negative effects on the environment and sustainability. In addition, edible insects are a nutrient-dense food choice since they are high in protein, good fats, vitamins, and minerals.
Moreover, compared to traditional livestock, insects require less land, water, and feed, which adds to their allure as a sustainable food source. The demand for insect-based goods is rising globally as people become more aware of the possible health advantages of including edible insects in their diets and are becoming more concerned about environmental sustainability & food security.
Edible Insects Market Segmentation Analysis:
Edible Insects Industry, analyzes, identifies, and highlights the main trends and drivers which are affecting each segment of the market. The market has been further divided into the following categories:
By Insect Type
- Crickets- Market Size & Forecast 2019-2030, (USD Million)
- Mealworms- Market Size & Forecast 2019-2030, (USD Million)
- Black Soldier Flies- Market Size & Forecast 2019-2030, (USD Million)
- Grasshoppers- Market Size & Forecast 2019-2030, (USD Million)
- Ants- Market Size & Forecast 2019-2030, (USD Million)
- Buffalo’s Worm- Market Size & Forecast 2019-2030, (USD Million)
- Silkworms- Market Size & Forecast 2019-2030, (USD Million)
- Cicadas- Market Size & Forecast 2019-2030, (USD Million)
- Beetles- Market Size & Forecast 2019-2030, (USD Million)
- Caterpillar- Market Size & Forecast 2019-2030, (USD Million)
- Others- Market Size & Forecast 2019-2030, (USD Million)
By Product Type
- Insect Powder- Market Size & Forecast 2019-2030, (USD Million)
- Protein Bars- Market Size & Forecast 2019-2030, (USD Million)
- Whole Insects- Market Size & Forecast 2019-2030, (USD Million)
By End User
- Human Consumption- Market Size & Forecast 2019-2030, (USD Million)
- Animal Feed- Market Size & Forecast 2019-2030, (USD Million)
- Agriculture- Market Size & Forecast 2019-2030, (USD Million)
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific.
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Who are the Key Market Players in the Edible Insects Market?
In the fast-changing Edible Insects Market, understanding what our competitors are doing is crucial. By carefully analyzing things, we figured out some of the dominating players in the industry. So, the top companies of the Edible Insects market ruling the industry are:
List of Key Companies Profiled:
- AgriProtein Technologies
- Aspire Food Group
- All Things Bugs
- Beta Hatch
- Bioflytech
- DeliBugs Ltd.
- Eat Grub Ltd.
- Thailand Unique
- Nordic Insect Economy Ltd.
- Kreca Ento-Food BV
- Entomo Farms Ltd.
- Protifarm NV
- EnviroFlight LLC
- EntoCube, Ltd.
- Entomo Farms
- Ÿnsect SAS
- Others.
Global Edible Insects Recent Development:
- 2023: Ÿnsect, a leading player in insect production, created a genotyping chip named Axiom® YNS_Mol1, a world-first for insect breeding and a noteworthy step in the evolution of the selection of larvae lines to produce insect-based proteins.
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