Global Edible Insects Market to Reach $7.39 Billion by 2029, Growing at 25.1% CAGR

What Is the Expected Size and Growth Rate of the Edible Insects Market?
The market size of edible insects has seen substantial expansion in the past few years. It's predicted to increase from $2.41 billion in 2024 to $3.01 billion in 2025, with a compound annual growth rate (CAGR) of 25.3%. Several factors have contributed to this development over the historic period such as the growing usage of BSF for organic waste valorization, a surge in health-aware consumers, decreased chances of transferring zoonotic diseases, lowering costs of insect-driven goods, and the soaring prices of plant and animal protein.

The market for edible insects is anticipated to undergo incredible expansion in the coming years. The market is projected to reach a valuation of $7.39 billion in 2029, growing at a compound annual growth rate (CAGR) of 25.1%. The expected growth during the prediction period can be credited to an increase in curiosity toward unique and distinctive culinary adventures, expansion of protein source intake, a growing propensity among consumers to experiment with insect-based food, heightened recognition of insect farming, and an escalation in governmental initiatives. Key projected trends for this period consist of mechanized insect farming, extraction and treatment of insect protein, development of food products based on insects, insect feed for livestock and fish farming, and the valorization of insect waste.

What Is Contributing to the Growth of the Edible Insects Market?
The surge in the desire for food rich in protein is predicted to stimulate the expansion of the edible insects market in the future. Foods abundant in protein are those that have a high protein proportion compared to their total calorie content, including items such as meat, eggs, dairy items, and seafood. There is an ongoing rise in the consumption of protein-loaded foods due to a surge in health consciousness, dietary inclinations, and the growing need for fitness and muscle-building nutrition. As a replacement to conventional protein sources, edible insects are leveraged in protein-abundant foods owing to their sustainability and nutrient density, providing superior quality protein with minimal environmental consequences. For example, as per the OECD Food and Agriculture- a France-based intergovernmental organization, in July 2024, it was projected that the global per capita protein consumption will go from the recorded 76.6 grams between 2021 to 2023, to 79.8 grams per day by 2033. Protein consumption in North America is also projected to rise by 1.5%, equivalent to 1.9 grams per individual per day by 2033, amassing a total of 123 grams per person per day. Consequently, the escalating demand for protein-rich food items is propelling the expansion of the edible insects market.

Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=18582&type=smp

Which Leading Companies Are Shaping the Growth of the Edible Insects Market?
Major companies operating in the edible insects market are Ÿnsect (SAS), InnovaFeed SAS, Nutrition Technologies Group, Aspire Food Group, Entobel Holding Pte Ltd, Agriprotein Technologies Inc, Darling Ingredients, Bioflytech S.L., Bugsolutely Inc, Crik Nutrition, Deli Bugs Ltd, Eat Grub Ltd, Entofood Sdn Bhd, Entomo Farms Ltd, Kreca Ento-Food BV, Nordic Insect Economy Ltd, Nutribug Inc, Protenga Pte Ltd., SFly Comgraf SAS, Thailand Unique Inc.

What Are the Major Trends Shaping the Edible Insects Market?
Key players in the edible insect industry are striving to create unique products such as pet food based on molitor mealworms, aimed at boosting sustainability and nutritional value. The term 'molitor mealworm-based pet food' denotes pet food items created with mealworms as a main ingredient due to their rich protein content and sustainability advantages. For example, Ÿnsect, a company in France specializing in insect-based food items, revealed Sprÿng, a fresh sustainable brand for the pet food market in May 2023. Sprÿng provides high-quality nutritive elements sourced from Molitor mealworms, devised for seamless blending into both dry and moist pet food recipes. The neutral flavor, pale brown shade, and absence of odor make these ingredients particularly suitable for pet food producers in search of sustainable alternatives.

What Are the Key Segments of the Edible Insects Market?
The edible insects market covered in this report is segmented -

1) By Insect Type: Crickets, Black Soldier Flies, Mealworms, Buffalo Worms, Grasshoppers, Ants, Silkworms, Cicadas, Other Edible Insects
2) By Application: Food And Beverage, Feed And Pet Food
3) By End Use: Human Consumption, Animal Nutrition

Subsegments:
1) By Crickets: Whole Crickets, Cricket Flour, Cricket Protein Powder, Roasted Or Seasoned Crickets
2) By Black Soldier Flies: Whole Black Soldier Fly Larvae, Black Soldier Fly Protein, Dried Black Soldier Fly Larvae
3) By Mealworms: Whole Mealworms, Mealworm Powder, Freeze-Dried Mealworms, Roasted Mealworms
4) By Buffalo Worms: Whole Buffalo Worms, Buffalo Worm Protein, Dried Buffalo Worms
5) By Grasshoppers: Whole Grasshoppers, Grasshopper Flour, Roasted Grasshoppers
6) By Ants: Whole Ants, Ant Protein Powder, Roasted Ants
7) By Silkworms: Whole Silkworms, Silkworm Larvae, Dried Silkworms
8) By Cicadas: Whole Cicadas, Roasted Cicadas, Cicada Protein Powder
9) By Other Edible Insects: Termites, Locusts, Beetles, Weevils, Dragonflies

Pre-Book Your Report Now For A Swift Delivery:
https://www.thebusinessresearchcompany.com/report/edible-insects-global-market-report

Which Region Dominates the Edible Insects Market?
Asia-Pacific was the largest region in the edible insects market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the edible insects market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The Edible Insects Global Market Report?

- Market Size Analysis: Analyze the Edible Insects Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Edible Insects Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Edible Insects Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Edible Insects Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=18582

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.