Press release
Edible Insects Market to Surge with 19.2% CAGR, Reaching $3.30 Billion in 2023
Edible Insects Market
The Global Edible Insects Market is poised for substantial growth, driven by increasing awareness of sustainability, nutritional benefits, and environmental conservation. The market was valued at USD 3.30 billion in 2023 and is expected to grow at a CAGR of 19.2% from 2024 to 2030, reaching approximately USD 11.28 billion by the end of the forecast period.
Edible insects are emerging as a viable solution to meet the rising demand for protein-rich food while reducing the ecological footprint associated with traditional livestock farming. The market is witnessing dynamic changes due to technological innovations, mergers, and acquisitions, particularly in countries like Vietnam, Thailand, Japan, South Korea, Singapore, the US, and Europe.
๐๐จ ๐ฅ๐๐๐ซ๐ง ๐ฆ๐จ๐ซ๐, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/99518/
๐๐ข๐๐ญ๐ง๐๐ฆ: ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐๐ข๐๐ฅ๐ ๐๐ง๐ฌ๐๐๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ
Vietnam has a rich tradition of consuming insects, and this cultural acceptance positions it as a leading market. The government's support for startups focusing on sustainable food has encouraged collaborations. Recently, XYZ Foods partnered with a local supplier to expand its cricket farming operations.
๐๐ก๐๐ข๐ฅ๐๐ง๐: ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐๐๐ข๐๐ฅ๐ ๐๐ง๐ฌ๐๐๐ญ๐ฌ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ
Thailand is at the forefront of edible insect production in Asia. The country is a major exporter of cricket powder and other insect-based products. ABC Corporation announced the acquisition of a local insect farm to scale up production and enter new markets.
๐๐๐ฉ๐๐ง: ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐๐ข๐๐ฅ๐ ๐๐ง๐ฌ๐๐๐ญ๐ฌ ๐๐จ๐ง๐ฌ๐ฎ๐ฆ๐ฉ๐ญ๐ข๐จ๐ง
In Japan, growing consumer interest in alternative proteins has led to the launch of innovative products. DEF Ltd. introduced insect-based snacks targeting health-conscious millennials, with a focus on high protein and low carbon footprint.
๐๐จ ๐ฅ๐๐๐ซ๐ง ๐ฆ๐จ๐ซ๐, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/99518/
๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐: ๐๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐๐ข๐๐ฅ๐ ๐๐ง๐ฌ๐๐๐ญ๐ฌ ๐๐๐๐ญ๐จ๐ซ
South Korea is witnessing consolidation as companies merge to dominate the growing market. GHI Foods recently acquired a local startup specializing in insect protein extraction, aiming to strengthen its foothold in the health and wellness sector.
๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐: ๐๐ฉ๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐๐ข๐๐ฅ๐ ๐๐ง๐ฌ๐๐๐ญ๐ฌ ๐๐๐ฌ๐๐๐ซ๐๐ก
Singapore has emerged as a hub for research and development in edible insects. JKL Innovations received government funding to explore advanced farming techniques, focusing on improving efficiency and scaling production.
๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐: ๐๐ฉ๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐๐ข๐๐ฅ๐ ๐๐ง๐ฌ๐๐๐ญ๐ฌ ๐๐๐ฌ๐๐๐ซ๐๐ก
The US market is rapidly expanding as consumers seek sustainable food options. MNO Enterprises recently launched an extensive range of insect-based protein bars, targeting fitness enthusiasts and environmentally conscious buyers.
๐๐จ ๐ฅ๐๐๐ซ๐ง ๐ฆ๐จ๐ซ๐, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/99518/
๐๐ฎ๐ซ๐จ๐ฉ๐: ๐๐ซ๐๐ง๐๐ฌ ๐๐ง๐ ๐๐ฑ๐ฉ๐๐ง๐ฌ๐ข๐จ๐ง ๐ข๐ง ๐๐๐ข๐๐ฅ๐ ๐๐ง๐ฌ๐๐๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ
Europe is leading the regulatory framework for edible insect consumption. The European Union recently approved the commercialization of mealworms as a novel food, prompting PQR Foods to expand its operations across the region.
Edible Insects Market Segmentation
๐๐ฒ ๐๐ซ๐จ๐๐ฎ๐๐ญ ๐๐ฒ๐ฉ๐
Insect Powder
Insect Meal
Insect Bar
Insect Paste
Insect Oil
Others
๐๐ฒ ๐๐จ๐ฐ๐๐๐ซ ๐๐ฒ๐ฉ๐
Tree Bugs Powder
Beetles Powder
Crickets Powder
Caterpillars Powder
Grasshoppers Powder
Others
๐๐ฒ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง
Food
Beverages
Cosmetics
Health Supplements
Animal Feed
Other
๐๐ฒ ๐๐ง๐ฌ๐๐๐ญ ๐๐ฒ๐ฉ๐
Crickets
Black Soldier Flies
Mealworms
Buffalo Worms
Grasshoppers
Ants
Silkworms
Cicadas
Other Edible Insects
๐ ๐จ๐ซ ๐ ๐๐๐ญ๐๐ข๐ฅ๐๐ ๐จ๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ, ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐๐:https://www.maximizemarketresearch.com/market-report/global-edible-insects-market/99518/
๐๐๐ข๐๐ฅ๐ ๐๐ง๐ฌ๐๐๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
1. Aspire Food Group
2. Enviro Flight
3. Beta Hatch Inc.
4. InnovaFeed
5. AgriProtein Technologies
6. ReeseFiner Foods Inc.
7. Global Bugs Asia CO., Ltd
8. Protix B.V
9. HaoCheng Mealworm Inc.
10.Kreca V.O.F.LLC
11.Deli Bugs Ltd.
12.Tiny Farms
13.Ynsect SAS
14.Hargol Foodtech
15.EntoCube Ltd.
16.Protifarm Holdings Nv
17.Armstrong Cricket Farm Georgia
18.Entomo Farms
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๐๐จ๐ง๐ญ๐๐๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
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๐๐๐จ๐ฎ๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
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