The global edible insects market is expected to exhibit a CAGR of 18.77% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Edible insects are specific insect species that are consumed by humans as they are good sources of vitamins, protein, zinc, fiber, iron, omega-3 and omega-6 fatty acids, and amino acids. They include grasshoppers, crickets, ants, termites, bees, beetles, caterpillars, mealworms, and stinkbugs. They are roasted, dried, and powdered to form high protein and low-calorie flour. They are used as a key ingredient in the preparation of animal feed on account of their greater food conversion rate and lower production cost. Besides this, edible insects offer numerous environmental and nutritional benefits, which include minimal greenhouse gas emissions and improved prevention and management of chronic diseases. As a result, these insects find extensive applications in the food and beverage (F&B) industry and agriculture sector to enrich crops with essential nutrients.
Edible Insects Market Trends:
The growing geriatric population and the increasing prevalence of chronic medical disorders represent one of the key factors positively influencing the market. In addition, the rising health awareness among individuals, coupled with changing dietary patterns, is driving the demand for high protein, low fat and economical food source. The shifting inclination towards protein-rich edible items is also creating a positive outlook for the global market. Apart from this, increasing farming of insects due to minimum investment, along with the rising cases of livestock diseases, is propelling consumers to opt for safe and economically edible insect products. The industry players are currently relying on innovative methods to expand their consumer base and sell their products by offering exciting offers, free samples, and attractive packaging. Furthermore, they are focusing on marketing campaigns and research and development (R&D) activities to capitalize on emerging trends in the F&B industry by introducing innovative products.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global edible insects market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, product and application.
Breakup by Type:
Breakup by Product:
- Whole Insects
- Insect Powder
- Insect Meal
- Insect Oil
Breakup by Application:
- Food and Beverage
- Pet Food
Breakup by Region:
- North America
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being All Things Bugs LLC, Bugsolutely Ltd., Chapul LLC, DeliBugs, Eat Grub Ltd., Entomo Farms, EnviroFlight LLC, EXO Protein (Aspire Food Group), Fluker's Cricket Farm Inc., Jr Unique Foods Ltd., Nutribug Ltd. and Thailand Unique.
|Base Year of the Analysis
| Historical Period
||Type, Product, Application, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||All Things Bugs LLC, Bugsolutely Ltd., Chapul LLC, DeliBugs, Eat Grub Ltd., Entomo Farms, EnviroFlight LLC, EXO Protein (Aspire Food Group), Fluker's Cricket Farm Inc., Jr Unique Foods Ltd., Nutribug Ltd. and Thailand Unique.
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