The global demand for Edible Insects Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2022- 2028.
Edible insects are rich in protein, omega 3, minerals, iron, and amino acids which make them compatible with manufacturing low calorie and nutritious flour with various natural ingredients and flavors. These insects require less water, land, and producing fewer emissions during their production process. The beetle, locusts, cricket, and ants are most commonly available for consumption. These have a great solution for food need with the high nutrition for human consumption. The factors such as increasing familiarity with insects-as-food, decreasing food neophobia, and altering attitudes towards insects are responsible for gaining the rapid acceptance of edible insects across the globe. Edible insects are food additives, as per the Federal Food, Drug, and Cosmetic Act (FFDCA).
Increasing health consciousness across the youth consumer, rising adoption for environment friendly protein rich food, fulfilling food demand (low cost for purchasing and farming) of growing population are the key factors that drive the market demand. In addition, these are popular among the consumer due to some features such as easy availability, protein extraction, high nutritional benefits, and economic processing techniques is expected to propel the market growth during the forecast period. Though, emerging technology for harvesting insect in a more effective way is anticipated to create potential opportunities for edible insects market in the coming year. However, cultural beliefs and negative perception of consumers may hamper the market growth.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each product and application segment in the global market of edible insects.
The entire edible insects market has been sub-categorized into product and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Scale Insects
- Tree Bugs
- Protein Bars
This section covers regional segmentation which accentuates on current and future demand for edible insects market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Edible Insects Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the edible insects market include HaoCheng Mealworms, Inc., Agriprotein Technologies, Kreca, EnviroFlight, Proti-Farm, Chapul LLC, Exo Protein, Thailand Unique, Six Foods, Bitty Foods, Gathr Foods, Crowbar Protein, Green Know, Edible Inc., Crik Nutrition, Nutribug Ltd., Cricket Flours, and Crickers. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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