The emerging diet of Entotarians created a wide range of

The emerging diet of Entotarians created a wide range of

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.

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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.

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Competitive scene

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
    • beetles
    • caterpillars
    • Hymenoptera
    • orthoptra
    • bugs right
    • Aharon
  • By product type:
  • By model:
    • whole frozen
    • fully dried
    • powder
  • By end use:
    • human consumption
    • animal feed
  • By distribution channel:
    • Connected
      • Brand websites
      • e-commerce platforms
    • Offline online
      • Retail Markets
      • Supermarket / hypermarket
      • Specialty Stores
      • direct sales
  • By region:
    • North Amarica
    • Latin america
    • Europe
    • East Asia
    • South Asia and ASEAN
    • Oceania
    • Middle East Airlines

Quick buy: Edible Insect Market Research Report

market development

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).

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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.

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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.

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