Global Edible Insects Market Size, Share, Analysis, Trends Future Forecast 2028
TheGlobal Edible Insects Marketsize is valued at USD 2.8 Billion in 2022 and is projected to grow at a CAGR of around 12.4% during the forecast period, i.e., 2023-28. The market's growth is driven primarily by the burgeoning requirements for high-protein low-fat food worldwide. Besides, the easy availability, high nutritional value, and low-cost production methods associated with edible insects further drive the global market.
In addition, the report furnishes thorough information about the vendors, covering critical aspects such as shipments, pricing strategies, revenue generation, gross profit margins, interview records, company distribution channels, and more. These statistics provide consumers with valuable insights into the market's competitive landscape. The analysis further encompasses data on regional development, market size, volume, value, and pricing, encompassing various countries and regions.
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The primary objective of this study is to equip readers with a clear understanding of the market landscape, including segmentation, potential opportunities, significant trends, and existing challenges. The report's development involved extensive research and analysis, ensuring readers gain profound insights into the market dynamics and its potential trajectory.
The study is designed to aid in understanding the market and assist in formulating appropriate strategies for business expansion. Within the strategy study, a thorough analysis is provided for both new entrants and existing competitors in the industry under examination. This includes insights ranging from marketing channels and market positioning to future growth strategies. The study continually monitors prevailing market dynamics, such as driving and hindering forces, in addition to corporate activities such as mergers, acquisitions, and investments. It encompasses market size (value and volume), market share, growth rate, and employs a blend of qualitative and quantitative methodologies to provide projections specific to various locations or nations.
Prominent Market Segments and Key Players
In this section, a comprehensive examination of effective marketing strategies, market contributions, and recent advancements is carried out for prominent companies likeAgriProtein 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, Haocheng Mealworm Inc., Hargol FoodTech, nsect SAS, Other.Various methods and analyses are employed to ensure a detailed and reliable understanding of the market. The global Edible Insects market is divided into distinct segments, namely:
-By Insect Type
-Crickets- Market Size Forecast 2018-2028, (USD Million)
-Mealworms- Market Size Forecast 2018-2028, (USD Million)
-Black Soldier Flies- Market Size Forecast 2018-2028, (USD Million)
-Buffalos- Market Size Forecast 2018-2028, (USD Million)
-Grasshoppers- Market Size Forecast 2018-2028, (USD Million)
-Ants- Market Size Forecast 2018-2028, (USD Million)
-Silkworms- Market Size Forecast 2018-2028, (USD Million)
-Cicadas- Market Size Forecast 2018-2028, (USD Million)
-Beetles- Market Size Forecast 2018-2028, (USD Million)
-Caterpillar- Market Size Forecast 2018-2028, (USD Million)
-Others- Market Size Forecast 2018-2028, (USD Million)
-By Product Type
-Insect Powder- Market Size Forecast 2018-2028, (USD Million)
-Protein Bars- Market Size Forecast 2018-2028, (USD Million)
-Whole Insects- Market Size Forecast 2018-2028, (USD Million)
-By End User
-Human Consumption- Market Size Forecast 2018-2028, (USD Million)
-Animal Feed- Market Size Forecast 2018-2028, (USD Million)
-Agriculture- Market Size Forecast 2018-2028, (USD Million)
-By Region
-North America
-South America
-Europe
-The Middle East Africa
-Asia-Pacific
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This segmentation aids in identifying primary application areas, target market variations, specialized growth areas, and suitable marketing approaches.
Global Edible Insects Industry Recent Developments:
- In June 2023, nsect, 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 selection of larvae lines to produce insect-based proteins.
- In June 2022, All Things Bugs LLC announced that it had become the first in the US to receive a US patent for its unique production method regarding use of insects in sustainable food production.
Some of the Key Questions Answered in this Report:
- What are the growth estimates of the Global Edible Insects Market for the years 2023-28?
- Which market factors will support the formulation of client and business strategies?
- What are the significant market opportunities for each segment mentioned in the research report?
- What major market players employ the main strategies to facilitate growth?
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