Press release
Edible Insects Market to Witness an Outstanding Growth by 2030 - Lead by Entomo Farms, Haocheng Mealworm Inc, Agriprotein, Ynsect, Deli Bugs Ltd., Hargol Foodtech, Aspire Food Group
Edible Insects Market - Global Opportunity Analysis and Industry Forecast (2019-2030)
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According to this latest publication from Meticulous Research, the global edible insects market is expected to reach USD 7.96 billion by 2030, supported by a CAGR of 24.4% during the forecast period of 2019 to 2030. In terms of volume, this market is poised to grow at a CAGR of 27.8% during the forecast period to reach 732,684.1 tonnes by 2030. The growth of this market is majorly driven by factors such as growing population and decreasing food resources, increasing demand for protein rich food, high cost of animal protein, environment sustainability with production and consumption of edible insects, high nutritional value of insects, and low risk of transmitting zoonotic diseases are driving the growth of the global edible insects market. However, non-standardized regulatory framework across the globe, lack of awareness, psychological and ethical barriers, and allergies due to insect's consumption are the major factors restraining growth of this market to some extent.
The global edible insects market study presents historical market data in terms of value and volume (2017 and 2018), estimated current data (2019), and forecasts for 2030 by product type (whole insect, insect powder, and insect meal), insect type (crickets, black soldier flies, mealworms, buffalos, grasshoppers, ants, silkworm, cicadas, and others), application (processed whole insect, animal and pet feed products, processed insect powder, insect protein bar and protein shakes, insect baked products and snacks, insect confectioneries, insect beverages, and others), end use (human nutrition and animal consumption). The study also evaluates industry competitors and analyzes the market at regional and country level.
Check complete table of contents with list of table and figures:https://www.meticulousresearch.com/product/edible-insects-market-forecast/
Scope of the Report:
Market by Product Type
Whole Insects
Insect Powder
Insect Meal
Market by Insect Type
Crickets
Mealworms
Black Soldier Flies
Buffalo's
Grasshoppers
Ants
Silkworms
Cicadas
Others
Market by Application
Processed Whole Insects.
Animal and Pet Feed Products
Processed Insect Powder
Insect Protein Bars and Protein Shakes
Insect Baked Products and Snacks
Insect Confectionaries
Insect Beverages
Others
Market by End Use
Human Consumption
Animal Nutrition
Market by Geography
North America
U.S.
Canada
Europe
The Netherlands
Belgium
France
U.K.
Denmark
Finland
Germany
Rest of Europe
Asia-Pacific (APAC)
Thailand
China
South Korea
Vietnam
RoAPAC
Rest of World
Latin America
Middle East and Africa.
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This research report analyzes major geographies and provides comprehensive analysis of North America (U.S. and Canada), Europe (The Netherlands, Belgium, France, U.K., Denmark, Finland, Germany, and Rest of Europe), Asia-Pacific (Thailand, China, South Korea, Vietnam, and RoAPAC), Latin America, and Middle East & Africa. Asia-Pacific commanded the largest share of the global edible insects market in 2018, followed by Europe and North America. The largest share of this region is mainly attributed to the insect's diversity and huge production, positive attitude towards the insect as food and feed, and no regulatory barrier to use insect in food and feed.
The key players operating in the global edible insects market are Kreca Ento-Food Bv (A Proti-Farm Company), Entomo Farms, Haocheng Mealworm Inc, Agriprotein, Ynsect, Deli Bugs Ltd., Hargol Foodtech, Aspire Food Group, All Things Bugs, LLC, Tiny Farms, Beta Hatch, Entocube, Nordic Insect Economy, Rocky Mountain Micro Ranch, CoaloVally Farms, Armstrong Cricket Farm Georgia, Cowboy Cricket Farms, Global Bugs Asia Co., Ltd., Jr Unique Foods Ltd., and The Cricket Lab, among many other local and regional players.
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Key questions answered in the report-
1. Which are the high growth market segments in terms of product types, insect types, application, end use, and region/countries?
2. What was the historical market (both in terms of value and volume) for edible insects across the globe?
3. What are the market forecasts and estimates (both in terms of value and volume) for the period 2019-2030?
4. What are the major drivers, restraints, opportunities, and challenges in the global edible insects market?
5. Who are the major players in the edible insects market?
6. How is the competitive landscape and who are the market leaders in the global edible insects market?
7. What are the recent developments in the global edible insects market?
8. What are the different strategies adopted by the major players in the global edible insects market?
9. What are the geographical trends and high growth regions/ countries?
10. Who are the local emerging players in the edible insects market and how do they compete with the global players?
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Meticulous Research was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, with the help of its unique research methodologies, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa regions.
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