Press release
Middle East & Africa Edible Insects Market Projected to Reach $282.9 Million by 2030, Reveals Exclusive Report by Meticulous Research®
The growth trajectory of this market is underpinned by various factors, notably the exceptional nutritional value of insects, escalating greenhouse gas emissions from conventional livestock and poultry industries, and the environmental benefits linked with consuming edible insects. Furthermore, the market is bolstered by the increasing adoption of insects in animal feed formulations by both feed processors and farmers, as well as the reduced risk of transmitting zoonotic diseases through insect consumption. Additionally, the surge in consumer demand for sustainable food and feed solutions, coupled with governmental support for insect farming initiatives, presents significant growth avenues for stakeholders in the market.
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However, the market's expansion is tempered by certain challenges, including the absence of a standardized regulatory framework, psychological and ethical barriers associated with insect consumption, and potential allergic reactions linked with insect consumption. Moreover, the lack of awareness regarding the myriad benefits of insect consumption remains a notable impediment to market growth.
Key players identified in the Middle East & Africa edible insects market include Ÿnsect (SAS) (France), Enterra Feed Corporation (Canada), InnovaFeed (France), EnviroFlight, LLC (U.S.), Nutrition Technologies Group (Singapore), Protix B.V. (Netherlands), Entomo Farms (Canada), Hargol FoodTech (Israel), All Things Bugs LLC (U.S.), Global Bugs Asia Co., Ltd (Thailand), JR Unique Foods (Thailand), Cricket Lab Limited (U.K.), BioflyTech (Spain), InsectiPro Ltd. (Kenya), Mana Biosystems Ltd (Kenya), Marula Proteen Ltd (Uganda), ProtiCycle (South Africa), Inseco (Pty) Ltd. (South Africa), Maltento (Pty) Ltd. (South Africa), and Nambu Group (South Africa).
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Key Findings from the Report:
Product Segmentation:
The Middle East & Africa edible insects market encompasses whole insects, insect powder, insect meal, and insect oil.
The whole insects segment dominated the market in 2023, while the insect powder segment is poised to register the highest CAGR during the forecast period, driven by its increasing adoption across health clubs, fitness centers, and the food and beverage sector.
Insect Type Analysis:
Segments include crickets, mealworms, black soldier flies, buffalo worms, grasshoppers, ants, silkworms, cicadas, and other edible insects.
The crickets segment led the market in 2023, with the black soldier fly segment anticipated to exhibit the highest growth rate, fueled by escalating demand for alternative proteins in animal feed formulations.
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Application Insights:
The market is segmented into food & beverages and feed applications.
The food & beverages segment held the largest market share in 2023, driven by the widespread acceptance of whole insects as food and rising demand for high-quality alternative protein sources.
End Use Categorization:
Segments include human consumption and animal nutrition, with the human consumption segment projected to experience the highest CAGR during the forecast period.
Geographical Analysis:
The Middle East & Africa edible insects market spans South Africa, Saudi Arabia, Kenya, Egypt, Uganda, and the Rest of the Middle East & Africa, with South Africa emerging as the dominant market in 2023.
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Scope of the Report:
The report provides a comprehensive assessment of the Middle East & Africa Edible Insects Market, covering product analysis, insect type segmentation, application insights, end use categorization, and a detailed breakdown by country/region.
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