Press release
South East Asia Edible Insects Market to Reach $1.58 Billion by 2030
[Redding, California] - Meticulous Research®, a globally renowned market research and consulting firm, has published a comprehensive report titled 'South East Asia Edible Insects Market by Product (Whole Insect, Insect Powder, Insect Meal), Insect Type (Crickets, Black Soldier Fly, Mealworms, Ants), Application (Animal Feed, Protein Bars & Shakes, Bakery, Confectionery), and Country - Forecast to 2030.' The report projects that the South East Asia edible insects market will grow at a robust compound annual growth rate (CAGR) of 24.1%, reaching $1.58 billion by 2030.Download Complete Sample PDF Copy Here: https://www.meticulousresearch.com/download-sample-report/cp_id=5560
Key Market Growth Drivers
The rapid expansion of the edible insects market in South East Asia is driven by several factors:
Environmental Concerns: The livestock and poultry industries are significant contributors to greenhouse gas emissions, driving demand for sustainable alternatives like insect protein.
Rising Demand for Insect-Based Animal Feed: Insect protein is increasingly being recognized as a viable and eco-friendly alternative for animal nutrition, particularly in the aquaculture sector.
Population Growth and Protein Needs: As the population in the region grows, so does the need for alternative and sustainable protein sources.
Consumer Awareness: Growing awareness regarding the environmental and nutritional benefits of insect-based foods is propelling market growth.
Despite the positive outlook, the market faces challenges such as psychological and ethical resistance to insect consumption, the growing popularity of veganism, and the potential risk of allergies related to insect-based products.
Check complete table of contents with list of table and figures: https://www.meticulousresearch.com/product/south-east-asia-edible-insects-market-5560
Competitive Landscape
The South East Asia edible insects market presents a moderately competitive landscape, with both global and regional players vying for market share. Key industry players include Ÿnsect (SAS) (France), Protix B.V. (Netherlands), InnovaFeed (France), EnviroFlight, LLC (U.S.), Nutrition Technologies Group (Singapore), Aspire Food Group (U.S.), All Things Bugs LLC (U.S.), Global Bugs Asia Co., Ltd (Thailand), JR Unique Foods (Thailand), Cricket Lab Limited (U.K.), Enorm Biofactory A/S (Denmark), SFly Comgraf SAS (France), and Protenga Pte. Ltd. (Singapore).
Market Segmentation Insights
By Product: The market is segmented into whole insects, insect powder, insect meal, and insect oil. Among these, the whole insects segment is expected to dominate in 2024 due to the ease of availability and growing consumer interest in unprocessed insect foods.
By Insect Type: The black soldier fly (BSF) segment is anticipated to experience the highest growth during the forecast period. BSF is gaining popularity as an alternative protein source, especially in the animal feed sector, due to its high protein content and cost-effectiveness.
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By Application: The food and beverages segment is projected to hold the largest share in 2024, driven by rising demand for alternative protein products, food shortages, and the increasing use of insect powder in the food industry.
By End Use: Human consumption is expected to remain the largest end-use segment in 2024, supported by the growing demand for sustainable, protein-rich foods. This segment is also forecasted to register the highest CAGR during the analysis period.
By Country: Among the countries studied, Thailand is expected to account for the largest market share in 2024. Factors driving Thailand's market dominance include a well-established culture of insect consumption, a thriving insect farming industry, and the rising use of black soldier fly larvae in animal feed.
Geographical and Strategic Insights
The report also provides detailed country-level analysis, focusing on Thailand, Vietnam, Malaysia, Indonesia, Singapore, and the Rest of South East Asia. Thailand, in particular, is projected to be a key growth driver, thanks to its extensive network of insect farms and growing acceptance of insects as a mainstream food source.
Request Sample PDF Copy Here: https://www.meticulousresearch.com/request-sample-report/cp_id=5560
Key Questions Answered in the Report:
What is the projected revenue for the South East Asia edible insects market?
How fast is the market expected to grow over the next 5-7 years?
What are the key factors influencing the market's growth?
Which product, insect type, and application segments offer the most significant growth opportunities?
What are the country-level trends in the market?
Who are the major players, and what are their competitive strategies?
What recent strategic developments have impacted the market?
Download a Sample Report Here: Download Link
About Meticulous Research®
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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.
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