Meticulous Research® Unveils Comprehensive Report on the Global Edible Insects Market: Projected to Reach $17.9 Billion by 2033

[Redding, California] - Meticulous Research®, a globally recognized leader in market intelligence and analysis, has released a new comprehensive report titled "Edible Insects Market by Product (Whole Insect, Insect Powder, Insect Meal, Insect Oil), Insect Type (Crickets, Black Soldier Fly, Mealworms), Application (Animal Feed, Protein Bar & Shakes, Bakery, Confectionery, Beverages), and Geography - Global Forecast to 2033." The report forecasts substantial growth in the edible insects market, predicting it will reach a remarkable $17.9 billion by 2033, with a compound annual growth rate (CAGR) of 28.6% from 2024 to 2033. In terms of volume, the market is anticipated to expand to 4.7 million tons, representing a CAGR of 36.3% during the same period.

Download Sample Report Here : https://www.meticulousresearch.com/download-sample-report/cp_id=5156

This significant market expansion is attributed to several key factors, including the increasing greenhouse gas emissions from traditional livestock and poultry industries, the high nutritional value of edible insects, and their associated environmental benefits. Additionally, the rising demand for insect-based proteins in animal feed and the lower risk of zoonotic disease transmission through insect consumption are driving market growth.

However, the industry faces challenges such as the absence of a standardized regulatory framework, psychological and ethical barriers to insect consumption, and potential allergy risks associated with insect-based products. Despite these challenges, the market is poised for growth, particularly through business expansion in both emerging and developed economies. The report also highlights the critical challenges of limited consumer awareness and the difficulties associated with scaling up production.

Check complete table of contents with list of table and figures: https://www.meticulousresearch.com/product/edible-insects-market-5156

Key Market Players

The report identifies leading companies in the global edible insects market, including Protix B.V. (Netherlands), Ÿnsect SAS (France), InnovaFeed SAS (France), EnviroFlight, LLC (U.S.), Nutrition Technologies Group (Singapore), and Aspire Food Group (U.S.), among others. These companies are at the forefront of innovation and development within the industry, offering a diverse range of products tailored to meet the growing global demand.

Market Segmentation Insights

Product Segment: The market is segmented into whole insects, insect powder, insect meal, and insect oil. The whole insects segment is expected to dominate in terms of value, accounting for 46.3% of the market by 2024, driven by factors such as ease of availability, lower costs, and high demand in the animal feed industry. In contrast, the insect meal segment is projected to lead in terms of volume.

Insect Type Segment: Crickets are set to hold the largest market share of 53.3% by 2024, owing to their high nutritional value, ease of farming and processing, and growing consumer acceptance.

Quick Buy: https://www.meticulousresearch.com/Checkout/21558368

Application Segment: The food & beverages segment is forecasted to command a larger market share, driven by increasing consumption due to the high nutritional benefits of insect-based products and the rising demand for alternative protein sources in the face of global food shortages.

End-Use Segment: Human consumption is expected to represent the largest share, while the animal nutrition segment is predicted to grow at the fastest CAGR, fueled by the increasing demand for protein-rich animal feed and the growing adoption of insect-based feed in aquaculture.

Geographical Insights: The Asia-Pacific region is expected to lead the market in 2024, with Europe also holding a significant share due to its well-established commercial farming of edible insects, favorable regulatory environment, and presence of key market players.

Request Free Sample PDF Copy Here: https://www.meticulousresearch.com/request-sample-report/cp_id=5156

Key Questions Addressed in the Report:

What is the current global revenue from the edible insects market?
What are the projected growth rates for the edible insects market over the next 7-9 years?
What are the key drivers and challenges affecting the market at regional and country levels?
Which product and application segments are expected to gain significant traction?
What are the major geographical trends and which regions/countries offer the most growth opportunities?
Who are the leading players in the global edible insects market and what are their key product offerings?
What strategic developments have recently occurred in the market, and what are their impacts?
Contact Information:

Meticulous Research®
Email: sales@meticulousresearch.com
Phone: +1-646-781-8004
Connect on LinkedIn: Meticulous Research LinkedIn

Meticulous Market Research Pvt. Ltd.
1267 Willis St, Ste 200 Redding,
California, 96001, U.S.
USA: +1-646-781-8004
Europe : +44-203-868-8738
APAC: +91 744-7780008
Email- sales@meticulousresearch.com
Visit Our Website: https://www.meticulousresearch.com/
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research

We are the trusted research partners for leading businesses around the world, providing market intelligence focused towards building revenue transformation strategies. Our research is used by Fortune 500 organizations to attain success by scouting next generation revenue opportunities well ahead of their competition.

This release was published on openPR.