Edible Insects Market Growth, Development Factors, Top Company Share, and Revenue by Forecast to 2030 | IMR


Posted February 27, 2024 by UdaySharma123

Edible Insect Market Size Was Valued at USD 237.15 Million in 2022, and is Projected to Reach USD 1291.73 Billion by 2030, Growing at a CAGR of 23.6% From 2023-2030.

 
A common argument for edible insects is that they are a more sustainable source of protein than conventional animal rearing. They generate substantially less greenhouse gas emissions and use far less land, water, and feed. The sustainable aspect of insect farming is gaining popularity as the world's population rises and environmental concerns intensify. High in protein, good fats, vitamins, and minerals, insects are incredibly nutrient-dense. They provide a full protein source, which means they have every important amino acid needed by the body. Insects are also a great source of micronutrients like zinc, iron, and B vitamins. Edible insects are becoming more well-known for their nutritional value as customers become more health-conscious and look for foods that are high in nutrients.
Because they are high in protein, vitamins, and minerals, edible insects—like mealworms, grasshoppers, and crickets—make a wholesome and sustainable food source. Effective and environmentally friendly protein sources are desperately needed as the world's population continues to rise. Compared to conventional cattle, insects have a far smaller ecological footprint since they require less feed, water, and acreage to generate the same quantity of protein. In addition, the market for edible insects is expanding as people become more conscious of how food production affects the environment. Compared to conventional cattle, insects produce less waste, use less water, and release fewer greenhouse gases, all of which help to create a more sustainable and environmentally friendly food system. Edible insects fit into the narrative of consumers who are drawn to products that reflect their principles of ethical consumption and environmental responsibility.
Market Dynamics and Key Factors for Edible Insects Market
Drivers:
Sustainability Concerns: As the environmental effects of conventional animal husbandry, such as greenhouse gas emissions and land use, become more widely known, interest in more environmentally friendly protein sources, such as edible insects, is growing.
Nutritional Value: As a high-protein, high-vitamin, and high-mineral food source, edible insects are a popular choice for consumers. They also frequently include important amino acids and fatty acids, which improves their nutritional profile even more.
Restraints:
Cultural Acceptance: One of the biggest obstacles to the growth of this business is the cultural distaste for eating insects in many Western nations. Overcoming societal prejudices and beliefs about eating insects is still difficult.
Lack of Processing technology and Infrastructure: The edible insect industry is still in its infancy and does not yet have the necessary processing technology or infrastructure to support large-scale production. This restriction makes it more difficult for the sector to efficiently meet the rising demand.
Opportunities:
Product Diversification: A vast array of edible insect-based products, such as protein bars, snacks, pasta, and flour, might be developed to meet the nutritional requirements and preferences of a wide spectrum of consumers.
Marketing and Education: Overcoming resistance and igniting demand can be achieved by informing consumers about the nutritional value, sustainability benefits, and culinary versatility of edible insects. Targeted advertising campaigns emphasizing these features might stimulate market expansion.

Request Your Free Report Sample Instantly!
https://introspectivemarketresearch.com/request/15771
Key Player Mentioned:
Coalo Vally Farms (US), Cricket Lab (U.K.), JR Unique Foods Ltd., Part(Thailand), Global Bugs Asia Co., Ltd. (Thailand), Haocheng Mealworm Inc. (China), Kreca Ento-Food BV (The Netherlands), Aspire Food Group (US), All Things Bugs, Llc (US), Beta Hatch Inc. (US), The Bühler Holding Ag (Switzerland), Agriprotien Technologies (South Africa), Chapul (US), Thailand Unique (Thailand), Six Foods (US), Crowbar Protein (Iceland), Gathr Foods (United Kingdom), Protix (Netherlands), Ynsect (France) and other major players.
The most recent study on the Edible Insects industry offers a thorough analysis of the business from 2023 to 2030. It provides a thorough overview of the global Edible Insects Market, taking into account all relevant industry trends, Market dynamics, the competitive landscape, and Market analysis methodologies like the PESTEL, Industry Value Chain, and Porter's Five Forces analyses. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the Market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind: to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular Market areas.

Market Segmentation:
By Insect Type
• Rhinoceros Beetles
• Ants
• Grasshopper
• Silkworms
• Crickets
• Others
By Product
• Whole Insect
• Powder
• Bar
• Others
By Application
• Human Consumption
• Animal Feed
• Cosmetics
• Pharmaceuticals
• Others
Regional Segment Analysis:
• North America (U.S., Canada, Mexico)
• Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
• Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
• Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
• South America (Brazil, Argentina, Rest of SA)
Enquire for Customization in The Report @
https://introspectivemarketresearch.com/inquiry/15771
All this information helps to design Marketing, sales, and production strategies. This supports to develop business opportunities. Additionally, the Edible Insects report provides a better understanding of the Market and develops new advertising campaigns for the products to reach the target audience more accurately in a short period. Also, starting the investments, sales, and Marketing campaigns at right time and with the right opportunities can save time.
The research reports on the Global Edible Insects Market 2023 cover all the large regions, not just the small regions around the world. The report focused on Market size, value, product sales and growth opportunities in the region. In addition to providing valuable insights into customers and industries, Market research also analyzed competitiveness. Such data will undoubtedly not only make expansion, but will also help you plan your strategy to penetrate the Market.
Report includes Competitor's Landscape:
• Major trends and growth projections by region and country
• Key winning strategies followed by the competitors
• Who are the key competitors in this industry?
• What shall be the potential of this industry over the forecast tenure?
• What are the factors propelling the demand for the Action Figures and Statues?
• What are the opportunities that shall aid in significant proliferation of the Market growth?
• What are the regional and country wise regulations that shall either hamper or boost the demand for Action Figures and Statues?
• How has the covid-19 impacted the growth of the Market?
• Has the supply chain disruption caused changes in the entire value chain?
Directly Obtain a Premium Copy of this Report:
https://introspectivemarketresearch.com/checkout/?user=1&_sid=15771
About Us:
Introspective Market Research (introspectiveMarketresearch.com) is a visionary research consulting firm dedicated to assist our clients grow and have a successful impact on the Market. Our team at IMR is ready to assist our clients flourish their business by offering strategies to gain success and monopoly in their respective fields. We are a global Market research company, specialized in using big data and advanced analytics to show the bigger picture of the Market trends. We help our clients to think differently and build better tomorrow for all of us. We are a technology-driven research company, we analyses extremely large sets of data to discover deeper insights and provide conclusive consulting. We not only provide intelligence solutions, but we help our clients in how they can achieve their goals.
Contact us:
Introspective Market Research
3001 S King Drive,
Chicago, Illinois
60616 USA
Ph no: +1 773 382 1049
Email: [email protected]
LinkedIn | Twitter | Facebook
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By uday
Country India
Categories Business
Tags edible insects market , edible insects size , edible insects growth , edible insects trend , edible insects segment , edible insects opportunity , edible insects analysis 2023 , edible insects forecast
Last Updated February 27, 2024