Edible Grasshoppers Market to be Worth $236.35 Million by 2030

According to this latest publication from Meticulous Research®, the edible grasshoppers market is expected to record a CAGR of 20.4% from 2023 to 2030 to reach $236.35 million by 2030. The growth of this market is attributed to environmental benefits associated with grasshoppers; the growing need for protein alternatives as global food scarcity grows, and the rising demand for grasshoppers in the animal feed industry. Additionally, increasing awareness about edible insects offers significant growth opportunities for edible grasshopper vendors. However, the lack of a standardized regulatory framework and psychological and ethical barriers to consuming insects as food restrains the edible grasshoppers market growth.

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Key Players

The key players operating in the edible grasshoppers market are Proscientia (China), Hargol FoodTech (Israel), Protix B.V. (Netherlands), Kreca Ento-Feed BV (Netherlands), and Heze Jianuojia Pet Products Co., Ltd. (China).

Environmental Benefits Associated With Grasshoppers Drive the Market for Edible Grasshoppers

Edible grasshoppers appear more climate-friendly than cattle, pigs or chickens since they require less space and water to grow and develop and cause fewer greenhouse gas emissions. The environmental impact of food production is increasingly brought to the forefront of sustainability debates, particularly surrounding the reduction of CO2 emissions and other factors, such as water & land use. By 2025, at least 1.8 billion people will live in regions with inadequate freshwater supplies, and two-thirds of the global population will be under pressure from falling water sources (Source: FAO). The rising demand for meat is expected to pressure natural areas to be converted to farmland. Globally, twice as much land is used to raise cattle, pigs, and other animals than grow crops. Also, a third of those crops harvested are fed back to livestock (Source: FAO, 2020). Grasshoppers have a significantly lower environmental impact compared to traditional livestock farming. They require less land, water, and feed with minimal greenhouse gas emissions to produce the same protein.

Despite their reputation as agricultural pests, grasshoppers can provide several environmental benefits. Grasshoppers are an important food source for various animals, including birds, reptiles, amphibians, and other insects. They also have gained attention as a sustainable and nutritious food source with several benefits. Grasshoppers are rich in protein, healthy fats, vitamins (such as B12 and B vitamins), and minerals (such as iron and zinc). Grasshoppers are nutritious with 36-40% protein, 41-43% fat, 2.5-3.2% carbohydrate, 2.6-3.9% ash, 11.0-14.5% dietary fiber, and 900-2300 μg/100 g total carotenoids on a dry matter basis. They can provide a nutrient-dense food source and particularly benefit people with limited access to other protein-rich foods.

The edible grasshoppers market is segmented based on product type, end use, distribution channel, and geography. The study also evaluates industry competitors and analyses the market at the regional and country levels.

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Based on product type, the edible grasshoppers market is segmented into dry grasshoppers, powdered grasshoppers, frozen grasshoppers, and other product types. In 2023, the dry grasshoppers segment is expected to account for the largest share of the edible grasshoppers market. The large market share of this segment is attributed to easy availability, the requirement for lower costs compared to processed grasshopper products, and the inaccessibility of processing techniques in some regions. However, the powdered grasshoppers segment is expected to register the highest CAGR during the forecast period.

Based on end use, the edible grasshoppers market is segmented into human nutrition and animal nutrition. In 2023, the human nutrition segment is expected to account for the largest share of the edible grasshoppers market. The large market share of this segment is attributed to their acceptance and adoption as a food source, a diverse nutrient profile, and high demand for innovative and unique products. This segment is also expected to register the highest CAGR during the forecast period due to grasshoppers being considered a reliable source of protein in health products.

Based on distribution channel, the edible grasshoppers market is segmented into offline distribution and online distribution. In 2023, the offline distribution segment is expected to account for the largest share of the edible grasshoppers market. The major market share of offline distribution channels is attributed to the higher preference of consumers for traditional shopping experiences from physical stores offering easy accessibility, quick purchase for fresh produce, and conventional trust and familiarity.

Based on geography, in 2023, Europe is expected to account for the largest share of the edible grasshoppers market. Europe's major market share is attributed to the consumers' positive attitude toward the consumption of insects as food & feed, government approval for the grasshoppers, a well-established commercial farming market for edible insects, and the presence of well-established manufacturers. However, North America is projected to register the highest CAGR during the forecast period. The growth of this regional market is attributed to the growing demand for a sustainable protein diet, growing concerns about meat production, and increasing demand for insect-based products.

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Key questions answered in the report-

What are the high-growth market segments regarding product type, end use, distribution channel, and country/region?

What is the historical market for edible grasshoppers across the globe?

What are the market forecasts and estimates for 2023 to 2030?

What are the major drivers, restraints, challenges, opportunities, and trends in the edible grasshoppers market?

Who are the major players in the global market, and what are their market shares?

Who are the major players in various countries, and what are their market shares?

How is the competitive landscape?

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This release was published on openPR.