Press release
Global Edible Insects Market Reach USD 2.8 Billion in 2022, and Growing at a CAGR of 12.4% Till 2030 | Beta Hatch, Bioflytech, and DeliBugs Ltd
MarkNtel Advisors, a leading market research company, presents its latest Global Edible Insects Market Research Report By Insect Type (Crickets, Mealworms, Black Soldier Flies, Buffalo's, Grasshoppers, Ants, Silkworms, Cicadas, Beetles, Caterpillars) and other forecasts [2024-2030]. This well-curated report contains in-depth information about the industry. In this comprehensive study, we have meticulously compiled every critical detail, catering to the Edible Insects Market's major and minor elements. Our focus extends to factors influencing market growth, encompassing historical, current, and projected data, emerging trends, technological advancements, key insights, recent developments, potential constraints, and various other factors that could significantly shape the industry's trajectory in the foreseeable future.
Edible Insects Market Insight:
Global Edible Insects Market size was valued at around USD 2.8 Billion in 2022 and is projected to grow at a CAGR of around 12.4% during the forecast period, i.e., 2024-30.
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Competitive Landscape - Global Edible Insects Market
This section provides a comprehensive understanding of market dynamics, highlighting the significant contributions of major companies and their strategies for achieving success and sustainability. By examining the competitive landscape, clients can gain valuable insights into the driving forces behind the growth and evolution of the Edible Insects Industry. Let's familiarize ourselves with the key players in this competitive landscape:
> 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
> Haocheng Mealworm Inc.
> Hargol FoodTech
> Ÿnsect SAS.
Global Edible Insects Market Trend
Increasing Popularity of Biotechnology & Genetic Engineering - Genetic engineering and biotechnology are becoming major trends in the Edible Insects Industry. These technologies present chances to improve several facets of product creation and insect production. The optimization of insect-rearing procedures, including breeding programs targeted at enhancing desired features including growth rate, nutritional content, and disease resistance, is made possible by biotechnology.
Furthermore, the modification of insect genomes to accomplish particular objectives, like raising protein content or changing allergenic qualities, is possible because of genetic engineering tools. Furthermore, biotechnology makes it easier to create unique food products made from insects that have better nutritional profiles and sensory qualities. Biotechnology and genetic engineering are anticipated to become more important in stimulating innovation and expansion in the Global Edible Insects Market as the need for sustainable protein sources rises.
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Segmentation Summary - Edible Insects Market
The summary of Edible Insects market segmentation gives a quick look at different parts of the market. It helps businesses understand what customers like and where they are. By breaking down the market into smaller groups based on things like what people buy and where they live, companies can make better plans to sell their products. This summary is a simple guide to understanding the market better. The segmentations of the market are:
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 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)
> Buffalo's- Market Size & Forecast 2019-2030, (USD Million)
> Grasshoppers- Market Size & Forecast 2019-2030, (USD Million)
> Ants- 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)
Based on Insect Type: Crickets segment holds the major share of the market and is anticipated to contribute significantly to the growth of the Global Edible Insects Market during 2024-30
Geographical landscape
On the geographical front, the Edible Insects Market expands across:
* North America
* South America
* Europe
* Middle East & Africa
* Asia-Pacific
Of all regions globally, Asia-Pacific region is dominating the Edible Insects Market and expecting consequential growth during the forecast period.
If you need more specific details that aren't already in the report, we're here to help! Just Click the link " https://www.marknteladvisors.com/query/request-customization/edible-insects-market.html " and Sent Your Inquiry to let us know what you're looking for, and we'll be happy to customize the report to meet your needs.
Key Questions Addressed in this Edible Insects Market Report:
* What are the emerging trends in the Edible Insects Industry?
* What are the growth challenges faced by businesses in the Edible Insects Industry?
* How can companies capitalize on opportunities within the market of Edible Insects?
* What are the regulatory factors impacting the growth of the Edible Insects Market?
* What are some of the top Edible Insects companies in the global market?
* What is the current size of the Edible Insects Market and how much is it will grow in the next few years?
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MarkNtel Advisors is a leading consulting, data analytics, and market research company that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.
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