US, Rockville MD, September 12, 2022 (GLOBE NEWSWIRE) – Fact.MR, a market research firm and competitive intelligence provider, reveals that the global edible insect market is currently valued at US$3.2 billion and is expected to expand at a growth rate. A high compound annual rate of 18.5% between 2022 and 2032.
Entotarians (a person whose diet includes insects but no other meat) is a new concept that has emerged as a problem-solving solution to feeding an estimated 10 billion people in the world in some years. The increasing number of insects has increased the demand for edible insects. In addition, due to the consumer’s desire for more sustainable and alternative food and feed products, the use of edible insects has gradually developed. For example, about 2,000 species of insects are regularly consumed by people and pets around the world due to their high content of protein, healthy fats, minerals, and vitamins.
Fact.MR analyzed that food manufacturers have seized this opportunity to enter the market and create a variety of products. Availability of various types of products including protein bars, edible snacks, insects, cookies, mealworm, cricket noodles and honey caterpillar croquettes is gaining consumer interest.
Moreover, the medicinal and production benefits related to edible insects enhance their acceptance among both manufacturers and consumers. For example, raising insects for protein production requires less land and water, which also reduces greenhouse gas emissions. The nutritional difference between insect protein and conventional protein powder is another important factor boosting the edible insect market in the protein segment.
Get a PDF sample of this research report with a detailed table of content:
Health benefits of edible insects approve by more people
People’s eating habits will change completely over the coming years. The world will be able to secure a healthy way of life and a healthy planet with the help of effective and sustainable solutions. As such, in the near future, edible insects like edible worms, cockroaches, ants, etc. will be in great demand as food as they are rich in protein and eco-friendly alternatives to traditional animal products like beef and ants. pork meat.
In addition, the difference in nutritional content between edible insect protein powder and conventional protein powder is a major trend driving market growth. When it comes to production, to extract protein, raising edible insects needs 8-10 times less space, five times less water, and emits 5-10 times less greenhouse gases, which are important factors that attract the attention of more people and governments across the world . The escalation of the alternative proteins market will create space for edible insects, which will lead to the growth of the market from 2025 to 2028.
The main takeaway from the market study
- The global edible insects market is expected to grow at a compound annual growth rate of 18.5% and reach US$17.6 billion by 2032.
- Edible insect sales increased by 12.2% as a compound annual growth rate (CAGR) from 2017 to 2021.
- Under product type, edible whole insects dominate the market with an estimated value of US$2.1 billion in 2022.
- Europe leads the global market with a share of 25.9% in 2021.
- Consumption of edible insects is expected to rise at a compound annual growth rate of 24.6% and 18%, respectively, in East Asia and North America.
Talk to the analyst:
Notable providers of edible insects are unique Thailand, kric You and-Food BV, Nordic Insect Economy Ltd. , antomo Farms Ltd. , Enviro Flight, LLC, shut upAnd Exo protein, Protix, and Deli Bugs Ltd. and Eat Grub Ltd.
The global edible insects market is mainly characterized by the presence of a large number of multinational players dominating the majority of the market share. Edible insect producers aim for global expansion and bring in advanced insect breeding and breeding approaches to enhance productivity and quality. To introduce competitive and flexible insect production and processing technologies, companies are investing in research and development.
- In April 2021, Ynsect, the market leader in natural insect proteins, completed its acquisition of Protifarm. With the addition of two new mealworm species to its offerings, the integration increased Ynsect’s mealworm production capacity.
- In October 2021, in Canada, the Aspire Food Group announced the development of a new automated cockroach processing plant. The new Aspire facility will produce 9,000 metric tons of edible crickets annually for human and animal consumption.
edible insect industry research segmentation
- By type of insect:
- black soldier flies
- bugs right
- By product type:
- By model:
- whole frozen
- fully dried
- By end use:
- human consumption
- animal feed
- By distribution channel:
- Brand websites
- e-commerce platforms
- Offline online
- Retail Markets
- Supermarket / hypermarket
- Specialty Stores
- direct sales
- By region:
- North Amarica
- Latin america
- East Asia
- South Asia and ASEAN
- Middle East Airlines
Quick buy: Edible Insect Market Research Report
Despite the challenging economic conditions, the business environment in the edible insect market reflects an increase in this segment. With the growing preference for edible insects as a whole, companies are offering the same as a whole in dried, frozen, and raw forms.
Corporations also participate in inorganic processes such as partnerships, acquisitions, and mergers.
- For example, in the United States, Ynsect worked with Pure Simple True LLC to release its initial product. The introduction of this product was a critical step for the business in its quest to expand into the US market.
More valuable ideas on offer
In its new presentation, Fact.MR provides an unbiased analysis of the global edible insects market, providing historical market data (2017-2021) and forecast statistics for the period 2022-2032.
Study reveals key insights based on insect type (black soldier flies, beetles, caterpillars, hymenoptera, orthoptera, true bugs, and others), product type (whole, ingredients), shape (frozen whole, dried whole, powder), end of use (human consumption, animal nutrition), and distribution channel (online, offline), across major regions of the world (North America, Latin America, Europe, East Asia, South Asia, ASEAN, Oceania, Middle East and Africa).
Check out more related studies published by Fact.MR Research:
Black Soldier Fly Market: According to the latest research by Fact.MR, the black soldier fly market is set to witness significant growth during the forecast period 2021-2031. Increasing demand for higher protein sources in the feed industry along with the growing need for sustainable and cost-effective feed to serve the same will provide high growth opportunities for the market.
Fish oil market: Estimated value of the global fish oil market 2.1 USD Billion dollarIt is expected to witness a significant growth rate at a compound annual growth rate of 5.5% highest value 3.6 USD Billion dollar by 2031. According to survey results, about 8% of adults and 1.1% of children aged 4 to 17 years have recently taken a fish oil supplement. The adoption of fish oil supplements by health-conscious consumers is fueling market growth.
Fish Meals Market: The latest industry analysis released on the global fishmeal market by Fact.MR estimates that the industry represents 4.73 USD Billion dollar At present, it is expected to experience significant growth at a compound annual growth rate of 6.3% To reach a rating 8.7 USD Billion dollar by 2031. Over the coming years, the demand for organic fishmeal is set to increase faster compared to the conventional form.
Plant Protein Market: With the increase in the vegetarian population, more and more companies are trying to adapt to the changing food culture, pushing more and more plant protein products into the market. Another part of plant protein that has seen an increase in demand is woven plant proteins.
Protein Packed Food Market: The protein packed food market has experienced a typical tendency of concentration from developed regions to developing countries. Regarding the stability of markets in developed countries, players began to focus on emerging economies where changing consumer preferences and increasing disposable income were favorable factors at play.
Soy Protein Hydrolysis Market: The global soy protein hydrolysis market is expected to start a positive growth trajectory, with a CAGR 5% Over the forecast period 2021-2031. From 2021, Fact.MR expects the sales value of Hydrolyzed Soy Protein Analyzers to increase 1 USD Billion dollaris expected to reach even further 1.64 USD Billion dollar at the end of the said contract.
Rice Protein Market: Intensive efforts of rice protein manufacturers to introduce new products and the relatively increasing demand is expected to boost the growth of the market, which is expected to present an absolute dollar opportunity for more than 100 USD Minnesota during the forecast period.
Dried Egg Market: The latest report on the global dried egg market by Fact.MR estimates that the market will represent more than 2 USD Billion dollar in 2021. According to the study, the dried egg market is expected to witness a compound annual growth rate of 8.2% To reach a rating 4.56 USD Billion dollar by 2031.
Protein Ice Cream Market: The latest research by Fact.MR indicates that the protein ice cream market will grow in double digits during 2021-2031. There has been moderate demand for regular consumption of ice cream as well as a new generation of customers who are fond of nutritious snacks have increased the demand for Protein ice cream for the past few years. The increasing penetration of protein ice cream into chains of cafes, restaurants and lounging places has led to the anticipation of distinct market growth opportunities throughout the forecast period.
information about us:
Market research and consulting agency with a difference! This is why 80% of Fortune 1,000 companies trust us to make their most important decisions. While our experienced consultants use the latest technology to extract hard-to-find insights, we believe our USP is clients’ trust in our expertise. We span a wide range – from Automotive and Industry 4.0 to Healthcare and Retail, our coverage is broad, but we ensure analysis of even the most specialized categories. Our sales offices are in the United States and Dublin, Ireland. Headquarters in Dubai, United Arab Emirates. Reach out to us with your goals, and we’ll be a capable partner in your search.
US sales office:
11140 Rockville Pike
400 . suite
Rockville, MD 20852
Tel: +1 (628) 251-158
#emerging #diet #Entotarians #created #wide #range