Mealworms Market Projected to Reach $1.27 Billion by 2030: A New Report by Meticulous Research®

"Meticulous Research® Unveils Groundbreaking Study: 'Navigating the Growth Trajectory of the Mealworms Market'"

Meticulous Research®, a distinguished leader in global market research, has recently launched an illuminating report titled 'Mealworms Market by Product Type (Whole Mealworm, Mealworm Powder, Mealworm Meal), Application (Animal Feed, Aquafeed, Pet Food, Food & Beverages), End Use (Animal Nutrition, Human Consumption)-Global Forecast to 2030.'

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According to this comprehensive analysis by Meticulous Research®, the mealworms market is anticipated to exhibit a remarkable CAGR of 25.8% between 2022 and 2030, reaching an impressive valuation of $1.27 billion by the end of the forecast period. This surge in market growth is underpinned by several factors, including the escalating greenhouse gas emissions from traditional livestock practices, the profound nutritional benefits associated with mealworm consumption, the eco-friendly profile of edible mealworms, and the lower risk of zoonotic diseases compared to conventional animal-derived products. However, the potential risk of allergic reactions stemming from mealworm consumption may somewhat impede market expansion.

Diving into the segmentation of the mealworms market, the report delves into product types, applications, end uses, and geographical landscapes.

To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/mealworms-market-5264

In terms of product types, the market is categorized into whole mealworms, mealworm meal, mealworm powder, and other related products. Notably, the whole mealworm segment is anticipated to dominate the market landscape in 2022, exhibiting the highest growth trajectory throughout the forecast period. This dominance can be attributed to the burgeoning preference for whole mealworms among food and feed manufacturers, owing to their widespread availability and cost-effectiveness.

Regarding applications, the mealworms market spans across various sectors, including animal feed, aquafeed, pet food, food & beverages, and other specialized applications. Particularly, the food & beverages segment is poised to witness the most significant growth during the forecast period, fueled by increasing awareness regarding nutritional benefits, growing consumer interest in protein supplements, and the integration of mealworms into bakery products and snacks.

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Geographically, the report provides an in-depth analysis of major regions, including North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America is expected to emerge as the fastest-growing region in the mealworms market from 2022 to 2030. This growth trajectory is propelled by escalating demand for sustainable, protein-rich food options, coupled with shifting consumer perceptions and attitudes toward insect-based food products.

The study profiles several key players operating in the mealworms market, including Protix B.V., Ÿnsect SAS, BETA HATCH, Armstrong Crickets Georgia, TEBRIO, Tebrito AB, Entec Nutrition, Invertapro AS, Keil Co., Ltd, EntoBreed Farming BV, and Goterra.

For further insights and a detailed analysis, interested parties can access the report from Meticulous Research®.

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About Meticulous Research®

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This release was published on openPR.