Edible Insects Market Analysis, Size, Share, Growth, Trends and Forecast 2027

The latest report by IMARC, titled "Edible Insects Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", finds that the global edible insects market is expected to grow at a CAGR of 18.77% during the forecast period (2022-2027).

Edible insects refer to some specific species of insects that are fit to be consumed by humans as they provide ample amounts of protein, vitamins, fiber, zinc, iron, amino acid, and omega 3, and 6 fatty acids. Some of the common edible insects include beetles, bees, locusts, ants, grasshoppers, crickets, termites, beetles, mealworms, wasps, cockroaches, caterpillars, and stinkbugs. They are dried, roasted, and powdered into high protein, low-calorie flour and energy snacks and bars, making them suitable for human consumption. They are also used in the production of animal feed due to their greater food conversion rate and lesser production cost. Edible insects minimize greenhouse gas emissions and enhance the prevention and management of chronic diseases. In recent years, edible insects have gained traction due to their extensive utilization in the food and beverage (F&B) industry and agriculture sector to enrich crops with vital nutrients.

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Market Trends

One of the primary factors driving the market is the increasing geriatric population and the rising incidences of chronic medical disorders. Additionally, the increasing health consciousness among the masses, along with the changing dietary patterns, is creating a positive market outlook. Other than this, the high cost of plant-based and animal protein is providing a positive market outlook. Besides this, the rising farming of insects on account of minimum investment, coupled with a decrease in seafood consumption due to various restrictions imposed on fishing by numerous nations, is strengthening the market growth. Furthermore, these insects are resistant to disease transfer as compared to the other animals, thus escalating their product demand. In line with this, the presence of micronutrients, such as fatty acid, iron, zinc, and magnesium, are catalyzing the market growth. Other than these factors, the key players are relying on innovative methods to increase their customer base and sell their products by offering free samples, exciting offers, and attractive packaging. Moreover, extensive research and development (R&D) activities to capitalize on emerging trends in the food and beverage (F&B) industry are creating lucrative growth opportunities for the leading players operating in the industry.

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List of Key Companies Covered in this Market Report:

All Things Bugs LLC
Bugsolutely Ltd.
Chapul LLC
DeliBugs
Eat Grub Ltd.
Entomo Farms
EnviroFlight LLC
EXO Protein (Aspire Food Group)
Fluker's Cricket Farm Inc.
Jr Unique Foods Ltd
Nutribug Ltd. 
Thailand Unique.

Report Segmentation:

The report has segmented the market into the following categories

Breakup by Type:

Beetles
Cricket
Caterpillars
Grasshoppers
Bees
Ants
Others

Breakup by Product:

Whole Insects
Insect Powder
Insect Meal
Insect Oil

Breakup by Application:

Food and Beverage
Bakery
Pet Food
Others

Breakup by Geography:

North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa

Key highlights of the report:

Market Performance (2016-2021)
Market Outlook (2022- 2027)
Porter's Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape

Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

Related Report by IMARC Group:

Low-Calorie Sweetener Market Report: https://www.imarcgroup.com/low-calorie-sweetener-market

Vegan Yogurt Market Report: https://www.imarcgroup.com/vegan-yogurt-market

Fish Oil Market Report: https://www.imarcgroup.com/fish-oil-market

Banana Bread Market Report: https://www.imarcgroup.com/banana-bread-market

Fish Protein Hydrolysate Market Report: https://www.imarcgroup.com/fish-protein-hydrolysate-market

Oat Milk Market Report: https://www.imarcgroup.com/food-preservatives-market

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