Edible Insects Market Review, Breadth, Major Catalysts, and Future Developments
Edible Insects Market was valued at US$ 3.30 Bn. in 2023. The Global Edible Insects Market size is estimated to grow at a CAGR of 19.2 % over the forecast period.
Edible Insects Market Overview:
Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the “ Edible Insects Market ”. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The report provides the current state of the Edible Insects market by thorough analysis, and projections are made up to 2030.
Forecasted Growth Potential of Edible Insects Market
Edible Insects Market Report Scope and Research Methodology:
The scope of the Edible Insects market analysis encompasses diverse factors, including geographical regions, industry segments, traveler types, and travel service offerings. Research methodologies integrate primary and secondary data collection, employing surveys, interviews, and analysis of industry reports and databases. Assessing the Edible Insects market scope involves examining the volume and value of business travel transactions, covering expenditures on transportation, accommodation, dining, and ancillary services. Methodologies aim to identify key trends, challenges, and opportunities influencing the market landscape. This comprehensive approach provides valuable insights for strategic decision-making, aiding businesses in navigating the complexities of the Edible Insects sector and capitalizing on growth prospects.
Edible Insects Market Regional Insights:
Improved dependability and increasing demand drive growth in the Edible Insects Market, particularly in North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. Geographical observations help investors identify opportunities, with regional evaluations highlighting crucial strategies like mergers and acquisitions . Understanding regional dynamics enables stakeholders to tailor their approaches, leveraging growth prospects and addressing specific Edible Insects market needs. This insight is vital for informed decision-making and strategic planning across diverse geographic landscapes.
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Edible Insects Market Segmentation:
by Product Type
Insect Powder
Insect Meal
Insect Bar
Insect Paste
Insect Oil
Others
This category comprises a wide range of commercially accessible edible insect-based products. The most commonly used health supplement powder is created from edible insects. People consume large quantities of edible insect-derived products such as oil and bars. Insect Meal is the most popular product in the industry by market share, accounting for 25% of total sales.
by Powder Type
Tree Bugs Powder
Beetles Powder
Crickets Powder
Caterpillars Powder
Grasshoppers Powder
Others
The market is divided into powder types such as tree bugs, beetles, crickets, caterpillars, grasshoppers, and others. The Grasshoppers Powder segment had the greatest market share, accounting for 27% in 2023. Grasshopper powders contain protein, minerals, fiber, fatty acids, and vitamins. Grasshopper powder is often used to produce high-quality delicacies including as chips, energy bars, chocolates, and macarons. Increased consumer demand for high-quality protein products, as well as the usage of high-purity grasshopper powders in the food and beverage industry, are likely to enhance consumption and generate global demand.
by Application
Food
Beverages
Cosmetics
Health Supplements
Animal Feed
Other
According to research, edible insects are widely consumed as meals and in the form of other culinary products. As a result, the food and beverage industry has become the largest consumer of edible insects. The poultry industry uses edible insects as food on a vast scale. More than 30% of the global chicken industry relies on insects as its principal dietary supply. The edible insect business is expanding, with items ranging from cosmetics for hydrating and nourishing skin to muscle pain relief.
by Insect Type
Crickets
Black Soldier Flies
Mealworms
Buffalo Worms
Grasshoppers
Ants
Silkworms
Cicadas
Other Edible Insects
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Table of Content: Edible Insects Market
Part 01: Executive Summary
Part 02: Scope of the Edible Insects Market Report
Part 03: Global Edible Insects Market Landscape
Part 04: Global Edible Insects Market Sizing
Part 05: Global Edible Insects Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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Edible Insects Market Key Players:
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 BV
9. HaoCheng Mealworm Inc.
10.Kreca VOFLLC
Key questions answered in the Edible Insects Market are:
- Who are the leading companies and what are their portfolios in Edible Insects Market?
- What segments are covered in the Edible Insects Market?
- Who are the key players in the Edible Insects market?
- What are Edible Insects?
- What was the Edible Insects market size in 2023?
- What is the growth rate of the Edible Insects Market?
- Which are the factors expected to drive the Edible Insects market growth?
- What are the different segments of the Edible Insects Market?
- What growth strategies are the players considering to increase their presence in Edible Insects?
- What are the upcoming industry applications and trends for the Edible Insects Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Edible Insects Market?
- What segments are covered in the Edible Insects Market?
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2023)
- Past Pricing and price curve by region (2018 to 2023)
- Market Size, Share, Size Forecast by different segments | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional players
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER's analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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