Edible Insects Market to be Worth USD 1.51 Billion by 2034; Rising Health Benefits of Edible Insects to Boost Market Growth

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Published Date: November 2024

Edible Insects Market is driven by increasing demand for high protein as well as low-fat foods. In addition, consumers’ preference for healthier alternatives, growing environmental concerns and the need for sustainable food production are another factors propelling growth of the global market. Furthermore, cost-effectiveness of production and easy availability of these insects are also anticipated to create opportunities for growth of the global market over the forecast period.

Edible Insects Market Segmentation Analysis:

By Product Type	Whole Insects, Insect Powder, Insect Meal, and Insect Oil
By Type	Crickets, Black Soldier Fly, Mealworms, and Others
By Application	Food and Beverages, Animal Food, Pharmaceuticals, Cosmetics, and Others

Edible Insects Market Report Highlights:

The edible insects market size was valued at USD 1.51 billion in 2024.
The market is expected to be worth USD 14.9 billion by 2034 expanding at a CAGR of 28.6%.
Asia Pacific held the largest share of the market in 2024.
North America is projected to be the fastest-growing market in the coming years.
By product type, the insect powder segment dominate the target market growth.
By type, crickets holds the largest share of the targeted market.
By application, food and beverage segment is expected to dominate the target market growth.

Edible Insects Market Dynamics:

Growing Factor	Challenge Factor	Market Trend
Health Benefits	Biological Contamination	Attractive Food Source

Edible Insects Market Key Highlights:

Asia Pacific: This region is expected to dominate the growth of the market during forecast period due to rich tradition of insect consumption, culinary practices, economic development, expansion of innovative insect farming practices, and others.

North America: This region is considered to be the fastest growing region in the target market as countries, such as U.S., Canada and many more are leading the charge significantly due to presence of strong innovative startups as well as companies, increasing sustainability trend, rising health-conscious consumers, and others.

Edible Insects Market Report Analysis:

According to research report by PubMed Central, in December 2021, Edible insects are a great alternative for reducing food insecurity and malnutrition in poor nations due to their overall nutritional richness.

The potential contribution of edible insects to food and nutrition security, particularly as a significant source of protein, has attracted fresh attention in the early 21st century. Sustainable, eco-friendly, and nutritious protein substitutes are edible insects.

Only one nationally representative survey that took insect eating into account was conducted, and national consumption surveys have not included edible insects.

Browse ∼50 market data tables and ∼35 figures through ∼195 slides and in-depth TOC on “Edible Insects Market Size, Share, By Product Type (Whole Insects, Insect Powder, Insect Meal, and Insect Oil), By Type (Crickets, Black Soldier Fly, Mealworms, and Others), By Application (Food and Beverages, Animal Feed, Pharmaceuticals, Cosmetics, and Others) and By Region - Trends, Analysis and Forecast till 2034”

For more insights into the Edible Insects Market and its future trends, visit link: https://www.prophecymarketinsights.com/market_insight/edible-insects-market-5663

Competitive Landscape of Edible Insects Market:

The key players operating in the Edible Insects Market include InnovaFeed, Darling Ingredients, Nutrition Technologies, Global Bugs Asia, Entomo Farms, Aspire Food Group, All Things Bugs, LLC., HEXAFLY, EXO., Thailand Unique, FarmInsect GmbH, LIVIN Farms AgriFood GmbH, BETA BUGS, and BETA HATCH.