Meticulous Research®—a leading global market research company, has recently unveiled its comprehensive research report titled ‘Europe Edible Insects Market by Product (Insect Powder, Insect Meal, Insect Oil), Insect Type (Crickets, Black Soldier Fly, Mealworms, Ants, Grasshoppers), Application (Animal Feed, Pet Food, Protein Bar & Shakes, Bakery, Confectionery) - Forecast to 2030.’
According to the report, the Europe edible insects market is set to reach $2.98 billion by 2030, growing at a CAGR of 29% from 2024 to 2030. In terms of volume, the market is projected to reach 785,042.7 tons by 2030, at a CAGR of 32% during the same period. This exponential growth is driven by factors such as the rising preference for alternative protein sources, the nutritional superiority of insects, environmental sustainability, and growing demand for fish feed.
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1. Market Dynamics: Drivers, Opportunities, and Challenges
The rising awareness of the nutritional and environmental benefits of edible insects is transforming the food industry landscape across Europe. Insects such as black soldier flies (BSF) and crickets are becoming key ingredients in various applications, from human food to animal feed.
Growth Drivers:
1. Nutritional Benefits: Edible insects are rich in protein, vitamins, and minerals, offering a sustainable alternative to traditional protein sources.
2. Environmental Sustainability: Insect farming significantly reduces greenhouse gas emissions and requires less land and water compared to livestock farming.
3. Fish Feed Demand: Insects are increasingly used as feed in aquaculture, enhancing sustainability in the seafood industry.
Opportunities:
1. Growing investments in insect farming technologies.
2. Increasing demand for high-protein foods in fitness and wellness sectors.
3. Expanding regulatory approvals for insect-based food products.
Challenges:
2. High production costs for edible insects.
3. Regulatory complexities in Europe.
4. Low consumer acceptance due to cultural resistance to entomophagy.
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Key Market Segments
By Product
Among the product segments, whole insects are expected to dominate the market in 2024. However, the insect powder segment is anticipated to grow at the fastest rate, driven by the rising demand for protein-enriched food products. The fitness and wellness trend across Europe further supports this growth.
By Insect Type
The black soldier fly (BSF) segment is poised for the highest CAGR during the forecast period. BSFs are gaining traction due to their waste-to-protein conversion capabilities and government support for their use in animal feed.
By Application
The food and beverages segment is expected to hold the largest market share in 2024, fueled by the growing consumer preference for insect-based snacks, protein bars, and fortified food products.
By End Use
The human consumption segment is projected to account for the largest share and register the highest CAGR. The rising popularity of insect-based food products such as protein powders, snacks, and bars drives this segment.
Regional Insights
Among all countries in Europe, the Netherlands is expected to lead the market in 2024, owing to the presence of key insect manufacturers and proactive government initiatives to promote edible insects as a sustainable food source.
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Competitive Landscape
The Europe edible insects market is moderately competitive, featuring a mix of global and regional players. Key players include:
• Ÿnsect (France)
• Protix B.V. (Netherlands)
• InnovaFeed SAS (France)
• EnviroFlight, LLC (U.S.)
• Hargol FoodTech (Israel)
• Aspire Food Group (U.S.)
• All Things Bugs LLC (U.S.)
• Cricket Lab Limited (U.K.)
• Hexafly (Ireland)
These companies are focusing on innovations, strategic collaborations, and scaling production capacities to gain a competitive edge.
Market Trends and Developments
Regulatory Approvals: In January 2024, the European Union approved the sale of house crickets and larvae for human consumption in powder and dried forms, boosting market demand.
Venture Investments: The European BSF industry is attracting substantial venture capital, further accelerating growth.
Consumer Awareness Campaigns: Initiatives to educate consumers about the benefits of edible insects are on the rise, especially in countries like France and Germany.
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Key Questions Answered
The report provides insights into critical questions such as:
• What are the historical and projected growth rates of the Europe edible insects market?
• Which product types and insect varieties are gaining traction?
• What are the major opportunities for existing players and new entrants?
• How are regulatory developments impacting market dynamics?
• Which countries are expected to witness the highest growth?
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Conclusion
The Europe edible insects market is at the forefront of a sustainability revolution, driven by its potential to address global food security challenges and environmental concerns. As consumer awareness and regulatory support grow, the industry offers immense opportunities for stakeholders to innovate and expand.
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