Edible Insects Market is Expected to Reach US$ 6.2 Billion by 2032

IMARC Group's report titled "𝐄𝐝𝐢𝐛𝐥𝐞 𝐈𝐧𝐬𝐞𝐜𝐭𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐛𝐲 𝐓𝐲𝐩𝐞 (𝐁𝐞𝐞𝐭𝐥𝐞𝐬, 𝐂𝐫𝐢𝐜𝐤𝐞𝐭, 𝐂𝐚𝐭𝐞𝐫𝐩𝐢𝐥𝐥𝐚𝐫𝐬, 𝐆𝐫𝐚𝐬𝐬𝐡𝐨𝐩𝐩𝐞𝐫𝐬, 𝐁𝐞𝐞𝐬, 𝐀𝐧𝐭𝐬, 𝐚𝐧𝐝 𝐎𝐭𝐡𝐞𝐫𝐬), 𝐏𝐫𝐨𝐝𝐮𝐜𝐭 (𝐖𝐡𝐨𝐥𝐞 𝐈𝐧𝐬𝐞𝐜𝐭𝐬, 𝐈𝐧𝐬𝐞𝐜𝐭 𝐏𝐨𝐰𝐝𝐞𝐫, 𝐈𝐧𝐬𝐞𝐜𝐭 𝐌𝐞𝐚𝐥, 𝐈𝐧𝐬𝐞𝐜𝐭 𝐎𝐢𝐥), 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧 (𝐅𝐨𝐨𝐝 𝐚𝐧𝐝 𝐁𝐞𝐯𝐞𝐫𝐚𝐠𝐞, 𝐁𝐚𝐤𝐞𝐫𝐲, 𝐏𝐞𝐭 𝐅𝐨𝐨𝐝, 𝐚𝐧𝐝 𝐎𝐭𝐡𝐞𝐫𝐬), 𝐚𝐧𝐝 𝐑𝐞𝐠𝐢𝐨𝐧 𝟐𝟎𝟐𝟒-𝟐𝟎𝟑𝟐". The global edible insects market size reached US$ 1.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 6.2 Billion by 2032, exhibiting a growth rate (CAGR) of 16.15% during 2024-2032.

Factors Affecting the Growth of the Edible Insects Industry:

• Sustainability and Environmental Concerns:
Edible insects are gaining traction in response to heightened sustainability and environmental concerns surrounding traditional livestock farming. Insects, such as crickets and mealworms, are highly efficient in converting feed into protein and require far less land, water, and feed compared to conventional livestock like cattle or poultry. With a significantly lower carbon footprint and reduced resource usage, edible insects are a promising solution to mitigate the environmental impact of food production, making them a critical driver in the shift towards more sustainable and eco-friendly protein sources.

• Nutritional Benefits and Health Awareness:
The edible insects market is majorly driven by the growing recognition of the nutritional benefits of insects. They are rich in protein, healthy fats, vitamins, and minerals, making them a valuable source of nutrients. As health-conscious consumers seek protein alternatives that align with their dietary preferences, edible insects offer a compelling option. Additionally, their sustainable production practices and lower impact on the environment contribute to their appeal in addressing both nutritional and environmental concerns, further driving their acceptance and adoption in the food industry.

• Food Industry Innovation:
The food and beverage industry's innovation and willingness to incorporate edible insects into various products is propelling market growth. Companies are creatively integrating edible insects into foods such as protein bars, snacks, and meat substitutes, catering to consumer demands for diverse and sustainable protein sources. These innovative product offerings expand the range of edible insect-based options and enhance consumer acceptance and familiarity with this alternative protein source. The food industry's adaptability and willingness to experiment are key drivers in shaping the Edible Insects market's future as a sustainable and nutritious food source.

Leading Companies Operating in the Global Edible Insects Industry:
• 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

𝐅𝐨𝐫 𝐚𝐧 𝐢𝐧-𝐝𝐞𝐩𝐭𝐡 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬, 𝐲𝐨𝐮 𝐜𝐚𝐧 𝐫𝐞𝐟𝐞𝐫 𝐬𝐚𝐦𝐩𝐥𝐞 𝐜𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/edible-insects-market/requestsample

Edible Insects Market Report Segmentation:

By Type:
• Beetles
• Cricket
• Caterpillars
• Grasshoppers
• Bees
• Ants
• Others
Beetles represented the leading segment due to their high protein content, palatability, and widespread use in various edible insect-based products.

By Product:
• Whole Insects
• Insect Powder
• Insect Meal
• Insect Oil
Insect powder accounted for the largest market share owing to its versatility, ease of incorporation into various food products, and suitability for dietary supplements and animal feed.

By Application:
• Food and Beverage
• Bakery
• Pet Food
• Others
Food and beverage represented the largest segment as it incorporates edible insects into a wide range of products, including protein bars, snacks, and baked goods, catering to the growing demand for alternative protein sources.

Market Breakup by Region:
• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭 𝐰𝐢𝐭𝐡 𝐓𝐎𝐂:https://www.imarcgroup.com/edible-insects-market/requestsample

Global Edible Insects Market Trends:
The edible insect market is experiencing significant growth fueled by the increasing demand for sustainable protein sources in response to environmental concerns and food security issues. Edible insects are rich in protein, require fewer resources to produce, and have a lower environmental footprint compared to traditional livestock, which makes them an attractive solution for addressing global food challenges. Apart from this, the heightening awareness about the nutritional benefits of edible insects, including their high protein content, healthy fats, and essential vitamins and minerals, has accelerated the product adoption rate. Furthermore, the ongoing innovation by the food and beverage (F&B) industry in incorporating insects into various products, such as protein bars, snacks, and baked goods, is stimulating market growth.

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

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