The Global Edible Insects Market is expecting a significant growth rate during 2023-28, cites MarkNtel Advisors in their recent research report. The growing health consciousness among people & their mounting inclination toward high protein & low-fat food products is the key aspect driving the global market. Moreover, the high nutritional value of edible insects, coupled with their easy availability & low-cost production, are further boosting the market.
In addition, the surging prevalence of livestock diseases, an upsurge in insect farming practices are also augmenting the demand for insect-based food globally. Besides, the increasing awareness among people about the various health benefits of edible insects owing to their high nutritional value is further propelling the growth of the global market.
Insects are richer in protein than other well-known sources, owing to which the young generation who work out & athletes are the prominent consumers of insect-based food products across the globe. Hence, all these aspects project remunerative prospects for the Global Edible Insects Market through 2028, further states the research report, “Global Edible Insects Market Analysis, 2023.”
Burgeoning Demand for Insect Powders owing to Ease of Consumption Drives the Global Market
The surging demand for insect powder worldwide is among the major contributors to the growth of the Global Edible Insects Market. It owes to the easy storage, handling, & transportation of insect powders. Moreover, its hassle-free consumption & extensive availability across different food joints & restaurants in many countries is further promoting its demand globally.
Besides, the rising establishment of gyms & health clubs that serve insect powder and the growing inclination of consumers toward highly nutritious food are other crucial aspects anticipated to escalate the market growth for insect powder globally in the years to come.
With Favorable Policies for Insect-based Food Consumption, Asia-Pacific to Contribute Significantly to the Market Growth
Asia-Pacific holds immense growth potential for the Edible Insects Market during 2023-28, mainly due to lenient norms for the use of insects as food & feed, low-cost production & distribution, and burgeoning consumer requirements for natural ingredients in food products.
Thailand is a prominent market for edible insects in Asia-Pacific, with a wide variety of insects & massive production capacity. On the other hand, China dominates the regional market owing to the mounting use of insect protein in aquaculture feed, coupled with the high consumption of insect-based food products like pasta, cookies, & various other snacks.
Vietnam, where insects have long been a part of food components, holds the second-largest share in the Asia-Pacific Edible Insects Market. Moreover, with the increasing animal feed industry, these consumption levels are expecting a significant upsurge in the coming years, which, in turn, would fuel the overall growth of the regional market, reveals MarkNtel Advisors in their research report, "Global Edible Insects Market Analysis, 2023."
The leading players in the Global Edible Insects Market include AgriProtein Technologies, Aspire Food Group, All Things Bugs, Beta Hatch, Bioflytech, DeliBugs Ltd., Eat Grub Ltd., Thailand Unique, Nordic Insect Economy Ltd., Kreca Ento - Food BV, Entomo Farms Ltd., Protifarm NV, EnviroFlight LLC, EntoCube, Ltd., Entomo Farms, Haocheng Mealworm Inc., Hargol FoodTech, and Ÿnsect SAS.
Key Questions Answered in the Research Report