Global Edible Insects Market By Insect Type (Crickets, Mealworms, Black Soldier Flies, Buffalo's, Grasshoppers, Ants, Silkworms, Cicadas, Others), Product Type (Whole Insects, Insect Meal, Insect Powder, Insect Protein Bars and Protein Shakes, Insect Baked Products and Snacks, Insect Confectionaries, Insect Beverages, Insect Oil, Others), Application (Human Consumption, Animal Nutrition, Cosmetics, Pharmaceutical), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa)Industry Trends and Forecast to 2027
Edible insects market is expected to grow at a growth rate of 20.00% in the forecast period 2020 to 2027. Increasing adoption of edible insects in food application as protein supplement is the factor for the edible insects market in the forecast period of 2020 to 2027.
The increasing demand due to high nutritional value and application in functional foods is directly influencing the growth of the edible insects market. Also the low environmental impact, rising population and diminishing food resources, high cost of animal protein, high nutritional value of insects, and low risk of transmitting zoonotic diseases, rising demand for protein rich food and escalating practice of consuming edible in various local food cultures all over the globe are also expected to accelerate the market growth. Furthermore, the rising health consciousness and awareness amongst the youth regarding nutritional benefits will create various lucrative opportunities for the edible insects market in the forecast period of 2020 to 2027.
Limited technology, lack of knowledge along with psychological and ethical barriers, and allergies due to insect’s consumption will act as a major limitation towards the growth of the edible insects in the above mentioned forecast period.
This edible insects market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on edible insects market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Edible Insects Market Scope and Market Size
Edible insects market is segmented on the basis of insect type, product type and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of insect type, the edible insects market is segmented into crickets, mealworms, black soldier flies, buffalo's, grasshoppers, ants, silkworms, cicadas and others.
- Based on the product type, the edible insects market is segmented into whole insects, insect meal, insect powder, insect protein bars and protein shakes, insect baked products and snacks, insect confectionaries, insect beverages, insect oil and others.
- The edible insects market is also segmented on the basis of application. The application segment is segmented into human consumption, animal nutrition, cosmetics and pharmaceutical.
Edible Insects Market Country Level Analysis
Edible insects market is analyses and market size, volume information is provided by country, insect type, product type and application as referenced above.
The countries covered in the edible insects market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific(APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
North America dominates the edible insects market due to rising awareness amongst the consumers regarding the nutritional benefits of the invertebrates in the region, while Europe is expected to grow in the forecast period 2020 to 2027 because of high usage of invertebrates for curing malnutrition in the region.
The country section of the edible insects market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Edible Insects Market Share Analysis
Edible insects market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to edible insects market.
The major players covered in the edible insects report are HaoCheng Mealworms, Inc., Agriprotein, Protifarm, Chapul Cricket Protein, Exo, Thailand Unique, Nutribug Ltd., Edible Inc., Crik Nutrition, Gathr Foods, Crowbar Protein, GreenKnow, Kreca Ento-Food BV, Enviroflight, Cricket Flours LLC, Six Foods, Bitty Foods, Crickers, Bugsolutely, Bensbugs, Ecobars Pty Ltd., LaViewEye, BugEater Foods, Insectitos, Fluker’s Cricket Farm Inc and Entomo Farms, among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analyst understands competitive strengths and provides competitive analysis for each competitor separately.
Customization Available : Global Edible Insects Market
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.