Global Edible Insects Market Will Reach USD 1,181.6 Million by 2023: Exclusive Market Research Report

Edible Insects Market By Type (Edible Crickets, Mealworms, Black Soldier Fly, Grasshopper), Product (Whole Insects, Insect Flour, Cricket Protein Bars, Insect Snacks, Insect In Chocolate) – Global Opportunity Analysis And Industry Forecast (2018-2023)

Global edible insects market has shown strong growth pattern in recent year’s majorly due growing population and decreasing food resources, increasing demand for protein rich food, high cost of animal protein, environmental sustainability with production and consumption of edible insects, high nutritional value of insects, and low risk of transmitting zoonotic diseases. However, non-standardized regulatory framework across the globe, lack of awareness, psychological and ethical barriers, and allergies due to insect’s consumption are the major factors restraining the growth of this market to some extent.

Meticulous Research® in its latest publication on edible insects market states that the global edible insects market will increase at a CAGR of 23.8% from 2018 to 2023 to reach USD 1,181.6 million by 2023. Wherein, geographically, Asia Pacific region commanded the largest share in global edible insects market. This is majorly attributed to the presence of diversity of insects and huge production, positive attitude towards the insect as food and feed, and no regulatory barrier to use insect as food and feed. However, when it comes to growth rate North American countries are slated to register the fastest growth, primarily due to growing demand for environmental friendly high protein diets, aversion to highly processed foods, increasing demand for insect-based foods, presence of large number of insect based food product manufactures, and growing concern about meat production.

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The report provides meticulous analysis of global edible insects market by segmenting it on the basis of insect type (crickets, mealworms, black soldier flies, buffalos, grasshoppers, ants, silkworms, cicadas, and others), product type (whole insects, insect meal, insect powder, insect protein bars and protein shakes, insect baked product and snacks, insect confectionaries, insect beverages, insect oil, and others), and application (human consumption, animal nutrition, and cosmetics and pharmaceutical). Among insect type, crickets commanded the largest share in the global edible insects market. This growth is primarily attributed to its high nutritional value, easy farming, easy processing and incorporation into various food recipes & products, and increasing demand for cricket-based products, such as protein powder, protein bars, and snacks among others. While among product type, whole insects commanded largest share in this market cited to its easy availability, their less cost as compared to processed insects, and unavailability of the processing techniques in some regions.

When it comes to end users edible insects are primarily used for human consumption followed by animal nutrition, and cosmetics. The large share of this segment is mainly attributed to increasing demand for animal-based food to feed the exponentially growing global population, high nutritional value of insects for human consumption, and growing demand for environmental friendly protein alternative sources.

The key players analyzed in the global Edible Insects Market are KrecaEnto-Food BV, Thailand Unique, Entomo Farms, Haocheng Mealworm Inc., AgriProtein, JIMINI’S (ENTOMA LTD), EnormApS, Chapul Inc., Ynsect, Eat Grub Ltd., Bitty Foods, LLC, EAP GROUP – MICRONUTRIS, Edible Inc., Bugs Solutely, Crik Nutrition, Enviro Flight, LLC, Exo Inc., Entotech SAS, Deli Bugs Ltd., Hargol Food Tech, Aspire Food Group, and All Things Bugs, LLC.

Key Topics Covered in This Report:
1. Introduction
1.1. Market Ecosystem
1.2. Currency and Limitations

1.2.1. Currency
1.2.2. Limitations

1.3. Key Stakeholders

2. Research Methodology
2.1. Research Process

2.1.1. Secondary Research
2.1.2. Primary Research
2.1.3. Market Size Estimation

3. Executive Summary
4. Market Insights

4.1. Introduction
4.2. Drivers
4.3. Restraints
4.4 Opportunities
4.5. Regulatory Analysis

4.5.1. North America U.S. Canada

4.5.2. Europe
4.5.3. Asia-Pacific
4.5.4. Rest of World

4.6 Value Chain Analysis
4.7 Supply Chain Analysis

5. Global Edible Insects Market, by Insect Type
5.1. Introduction
5.2. Crickets
5.3. Mealworms
5.4. Black Soldier Flies
5.5. Buffalos
5.6. Grasshoppers
5.7. Ants
5.8. Silkworm
5.9. Cicadas
5.10. Others

6. Global Edible Insects Market, by Product Type
6.1. Introduction
6.2. Whole Insects
6.3. Insect Meal
6.4. Insect Powder
6.5. Insect Protein Bars and Protein Shakes
6.6. Insect Baked Products and Snacks
6.7. Insect Confectioneries
6.8. Insect Beverages
6.9. Insect Oil
6.10. Others

7. Global Edible Insects Market, by Application
7.1. Introduction
7.2. Human Consumption
7.3. Animal Feed
7.4. Cosmetics and Pharmaceutical

8. Geographic Analysis
8.1. Introduction
8.2. North America
8.2.1. U.S.
8.2.2. Canada

8.3. Europe
8.3.1. The Netherlands
8.3.2. Belgium
8.3.3. France
8.3.4. U.K.
8.3.5. Denmark
8.3.6. Rest of Europe

8.4. Asia-Pacific
8.4.1. Thailand
8.4.2. China
8.4.3. Vietnam
8.4.4. Rest of APAC

8.5. Latin America

8.6. Middle East and Africa

9. Company Profiles (Business Overview, Financial Overview, Product Portfolio, and Recent Developments)
9.1. Kreca Ento-Food Bv (A Proti-Farm Company)
9.2. Thailand Unique
9.3. Entomo Farms
9.4. Haocheng Mealworm Inc.
9.5. Global Bugs Asia Co. Ltd.
9.6. AgriProtein Holdings Ltd
9.7. JIMINI`S (Entomo Ltd)
9.8. Enorm ApS
9.9. Chapul Inc.
9.10. Ynsect
9.11. Eat Grub Ltd.
9.12. Bitty Foods, LLC
9.13. Micronutris (A Subsidary of Eap Group)
9.14. Edible Inc.
9.15. Bug Solutely
9.16. Crik Nutrition
9.17. Enviro Flight, LLC
9.18. Entotech SAS
9.19. Deli Bugs Ltd.
9.20. Hargol Food Tech
9.21. Aspire Food Group
9.22. All Things Bugs, LLC

10. Appendix
10.1. Questionnaire
10.2. Available Customization

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Meticulous Research® is founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.

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