Press release
With 5.5% CAGR, Global Entomophagy Market Size to Surpass US$ 65.3 Billion by the end of 2033
The Asia-Pacific region is the largest market for entomophagy, with countries like Thailand, China, and Vietnam having a long tradition of insect consumption. North America and Europe are also expected to witness significant growth in the coming years, driven by the increasing awareness of the health and environmental benefits of consuming insects.
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In terms of product type, edible insects are the most popular, with crickets, mealworms, and grasshoppers being the most commonly consumed insects. Edible insect products are available in various forms, including whole insects, protein powders, snack bars, and chips.
Major players operating in the entomophagy market include Entomo Farms, All Things Bugs, Aspire Food Group, Crik Nutrition, and Eat Grub, among others. These companies are focusing on product innovation and development, expanding their distribution networks, and raising awareness about the health and environmental benefits of consuming insects to expand their market share and meet the growing demand for entomophagy products.
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Companies Covered in This Report -
Protifarm Holding NV
Protix
HaoCheng Mealworm Inc.
Kreca Ento-Food BV
Chapul Cricket Protein
Exo Protein
JR Unique Foods Ltd., Part.
Entomo Farms
Craft Crickets Inc.
Crik Nutrition
Nutribug Ltd.
Cricket Flours LLC.
Bugsolutely Ltd.
Nusect
DeliBugs
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Key Segments of Global Edible Insects for Human Consumption Market
Edible Insects for Human Consumption Market By Insect ; Beetles, Caterpillars, Hymenoptera, Orthoptera, True Bugs, Others
Edible Insects for Human Consumption Market By Product : Whole, Steam or Fried, Raw, BBQ, Ingredients, Drinks, Insect Confectionery, Snacks & Baked Products, Others
Edible Insects for Human Consumption Market By Region : North America, Latin America, Europe, South Asia, East Asia, Oceania, Middle East and Africa
The global entomophagy industry is still in its early stages, with most production and consumption occurring in developing countries in Asia, Africa, and Latin America. However, the industry is rapidly growing in developed countries such as the United States, Canada, and European countries, where insect-based products are becoming more mainstream.
Key drivers of the entomophagy industry include the increasing global population and the need for sustainable protein sources, the growing awareness of the health and environmental benefits of consuming insects, and the rising demand for alternative protein sources.
Major challenges facing the entomophagy industry include regulatory hurdles, consumer acceptance and education, and the need for scalable and efficient farming and processing technologies. Nevertheless, the industry is expected to continue to grow as more companies and entrepreneurs enter the market and as consumers become more open to the idea of incorporating insects into their diets.
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