Global Edible Insects

Global Edible Insects Market Research Report: Forecast (2022-27)

By Insect Type (Crickets, Mealworms, Black Soldier Flies, Buffalo’s, Grasshoppers, Ants, Silkworms, Cicadas, Beetles, Caterpillars), By Product Type (Insect Powder, Protein Bars, Whole Insects), By Read more

  • Food & Beverages
  • Apr 2022
  • 221
  • FB22028

Market Definition

The practice of eating insects is known as Entomophagy. For thousands of years, insects have been part of human diets. Earlier, it was considered brutal, and there was rigorous resistance among people to consuming insects. However, as this practice is now gaining significant traction worldwide, insects could become the new food we consume in the future.

Market Insights

The Global Edible Insects Market is expected to witness a significant growth rate during the forecast period, i.e., 2022-27. The growth of the market is driven primarily by the burgeoning requirements for high protein & low-fat food worldwide. Besides, the easy availability, high nutritional value, and low-cost production methods associated with edible insects are further driving the global market.

Report Coverage Details
Study Period Historical Data: 2017-20
Base Year: 2021
Forecast Period: 2022-27
Regions Covered North America: USA, Canada, Mexico
Europe: Germany, France, Russia
Asia-Pacific: China, India, Japan, South Korea
South America: Brazil, Argentina
Middle East & Africa: UAE, Saudi Arabia, South Africa
Key Companies Profiled 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, Ÿnsect SAS
Unit Denominations USD Million/Billion

 

Additionally, the increasing number of insect farming practices due to low costs and the rising instances of livestock diseases are other crucial aspects leading to the mounting adoption of insect-based food products globally. Furthermore, massive R&D investments by the leading players in the industry in coming up with innovative products also project profitable opportunities for the global market over the coming years.

Nevertheless, the growing health consciousness among people & their flourishing awareness about the significance & nutritional benefits of insect-based food, especially after the advent of Covid-19, are also promoting the growth of the global market. Moreover, since insects are richer in protein than other well-known sources, their demand is surging rapidly among the young generation who work out, which, as a result, would drive the global edible insects market through 2027.

Impact of Covid-19 on the Global Edible Insects Market

The advent of Covid-19 severely impacted the food & beverage sector globally and presented several unprecedented challenges to meat producers, such as unavailability of the workforce and disruptions in production, distribution, & transport.

Amidst the pandemic, many countries imposed restrictions on meat production and banned breeding, hunting, & consumption of wild animals, which resulted in the shutdown of meat processing units. Besides, increased health awareness and an upsurge in soybean prices made people look for & adopt better nutritional supplements to maintain their overall well-being. It, in turn, propagated the demand for protein substitutes like insect-based meals, owing to their higher nutritional value & affordability.

Moreover, the active efforts of governments of different countries worldwide toward encouraging the use of insect-based food in livestock feed, coupled with massive investments by the leading players in the industry, project lucrative growth prospects for the global edible insects market in the coming years.

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Market Segmentation
    4. Assumptions
  2. Preface
  3. Executive Summary
  4. Impact of Covid-19 on Global Edible Insects Market
  5. Global Edible Insects Market Trends & Insights
  6. Global Edible Insects Market Dynamics
    1. Drivers
    2. Challenges
  7. Global Edible Insects Market Regulations & Policies
  8. Global Edible Insects Market Supply Chain Analysis
  9. Global Edible Insects Market Hotspots & Opportunities
  10. Global Edible Insects Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Insect Type
        1. Crickets
        2. Mealworms
        3. Black Soldier Flies
        4. Buffalo’s
        5. Grasshoppers
        6. Ants
        7. Silkworms
        8. Cicadas
        9. Beetles
        10. Caterpillar
        11. Others
      2. By Product Type
        1. Insect Powder
        2. Protein Bars
        3. Whole Insects
      3. By End-User
        1. Human Consumption
        2. Animal Feed
        3. Agriculture
      4. By Region
        1. North America
        2. South America
        3. Europe
        4. Middle East & Africa
        5. Asia-Pacific
      5. By Company
        1. Competition Characteristics
        2. Market Share of Leading Companies, By Revenues
  11. North America Edible Insects Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. By Revenues (USD Billion)
    2. Market Share & Analysis
      1. By Insect Type
      2. By Product Type
      3. By End User
      4. By Country
        1. The US
        2. Canada
        3. Mexico
  12. South America Edible Insects Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. By Revenues (USD Billion)
    2. Market Share & Analysis
      1. By Insect Type
      2. By Product Type
      3. By End User
      4. By Country
        1. Brazil
        2. Rest of South America
  13. Europe Edible Insects Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. By Revenues (USD Billion)
    2. Market Share & Analysis
      1. By Insect Type
      2. By Product Type
      3. By End User
      4. By Country
        1. Germany
        2. The UK
        3. France
        4. The Netherlands
        5. Italy
        6. Spain
        7. Russia
        8. Poland
        9. Rest of Europe
  14. The Middle East & Africa Edible Insects Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. By Revenues (USD Billion)
    2. Market Share & Analysis
      1. By Insect Type
      2. By Product Type
      3. By End User
      4. By Country
        1. Saudi Arabia
        2. Egypt
        3. South Africa
        4. Rest of Middle East & Africa
  15. Asia-Pacific Edible Insects Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. By Revenues (USD Billion)
    2. Market Share & Analysis
      1. By Insect Type
      2. By Product Type
      3. By End User
      4. By Country
        1. China
        2. Japan
        3. South Korea
        4. Thailand
        5. Vietnam
        6. Rest of Asia Pacific
  16. Global Edible Insects Market Key Strategic Imperatives for Growth & Success
  17. Competition Outlook
    1. Competition Matrix
      1. Brand Specialization
      2. Target Markets
      3. Target End Users
      4. Research & Development
      5. Strategic Alliances
      6. Strategic Initiatives
    2. Company Profiles
      1. AgriProtein Technologies
      2. Aspire Food Group
      3. All Things Bugs
      4. Beta Hatch
      5. Bioflytech
      6. DeliBugs Ltd.
      7. Eat Grub Ltd.
      8. Thailand Unique
      9. Nordic Insect Economy Ltd.
      10. Kreca Ento - Food BV
      11. Entomo Farms Ltd.
      12. Protifarm NV
      13. EnviroFlight LLC
      14. EntoCube, Ltd.
      15. Entomo Farms
      16. Haocheng Mealworm Inc.
      17. Hargol FoodTech
      18. Ÿnsect SAS
      19. Others
  18. Disclaimer
Edible Insects Market Segmentation
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