Middle East & Africa Edible Insects Market to be Worth $282.9 Million by 2030Meticulous Research® Unveils Pioneering Report: Middle East & Africa Edible Insects Market Set to Surge to $282.9 Million by 2030
[Redding, California]: Meticulous Research®, a globally renowned leader in market research, proudly announces the release of its groundbreaking report titled "Middle East & Africa Edible Insects Market by Product (Whole Insect, Insect Powder, Insect Meal), Insect Type (Crickets, Black Soldier Fly, Mealworms, Ants), Application (Animal Feed, Protein Bar & Shakes, Bakery, Confectionery), and Geography - Forecast to 2030."
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According to the comprehensive findings of this meticulously curated report, the Middle East & Africa edible insects market is poised to witness remarkable growth, reaching a projected value of $282.9 million by the year 2030. This impressive surge is anticipated to occur at a compelling compound annual growth rate (CAGR) of 22.4% from 2023 to 2030.
Driving this exponential growth trajectory are multiple factors, including the high nutritional value offered by edible insects, mounting concerns regarding greenhouse gas emissions from traditional livestock and poultry industries, and the environmental benefits associated with integrating edible insects into diets. Furthermore, the increasing adoption of insects in animal feeds by feed processors and farmers, alongside the low risk of transmitting zoonotic diseases through insect consumption, further propels market expansion.
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Amidst these promising prospects, significant opportunities emerge from rising consumer demand for sustainable food and feed products, coupled with robust government support for insect farming initiatives. However, challenges such as the absence of a standardized regulatory framework, psychological barriers to insect consumption, and potential allergy risks associated with insect consumption persist.
Leading the charge in this dynamic market landscape are esteemed players including Ÿnsect (SAS), Enterra Feed Corporation, InnovaFeed, EnviroFlight, LLC, Nutrition Technologies Group, and Protix B.V., among others.
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The report offers a comprehensive analysis of historical market data, current estimations, and forecasts for 2030, segmented by product, insect type, application, end use, and geography.
Among the key segments identified, the report highlights the dominance of the whole insects segment, attributed to their easy availability and increasing popularity as an alternative protein source.
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Furthermore, insights into insect type reveal the preeminence of crickets, driven by their versatility in various food products and supportive government initiatives promoting cricket farming. Notably, the black soldier fly (BSF) segment is poised to register the highest CAGR during the forecast period.
In terms of applications, the food & beverages segment is anticipated to hold the largest market share, owing to the widespread acceptance of insect-based foods and the rising demand for nutrition-rich alternatives.
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South Africa emerges as a key market player in the Middle East & Africa region, driven by widespread acceptance of edible insects, growing demand fueled by food shortages, and abundant availability of various insect types.
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