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

• In 2023, edible insects market was estimated to be worth USD 1.51 Billion.
• By 2034, the target market is expected to grow to USD 14.9 Billion.
• Target market is expanding at a CAGR of 28.6%

Market Overview:

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.

Key Takeaways:

• 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, 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.

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Key Drivers of Target Market:

Health Benefits

Edible insects have superior health benefits due to their high levels of vitamin B₁₂, iron, zinc, fiber, essential amino acids, omega-3 and omega-6 fatty acids, and antioxidants. They improved prevention and management of chronic diseases like diabetes, cancer, and cardiovascular disease, and enhanced immune function.

• For Instance, in July 2024, The State Food Agency (SFA) of Singapore gave approval to 16 types of insects - species of crickets, mealworms, grasshoppers, locusts and silkworms - which they called 'edible' for human consumption. 

Environment Friendly Nature of Edible Insects

Edible Insects offer a myriad of environmental and nutritional benefits including an overall reduction in greenhouse gas emissions, decreased agricultural use of land and water. A major advantage of these insects is the viability of farming them by using organic wastes which helps to decrease environmentally damaging contamination.

Restrains:

Biological Contamination

Many different kinds of bacteria that are known to make people sick have been found in insects including E. coli and Campylobacter. In addition to these bacteria, viruses, parasites, and fungi are also possible forms of biological contamination.

• Counterbalance Statements: One of the major solutions to this problem is eating the insects which are free form these type of bacteria’s.  

Opportunities:

An Attractive Future Food Source

Entomophily may preserve agricultural resources and reduce the ecological impact of animal-based food. These advantages suggest edible insects as an attractive future food source not only in low-income countries but also in high-resource settings

The market is segmented based on Product Type, Type, Application, and Region.  

Product Type Insights:

On the basis of product type edible insects market is segmented into Whole Insects, Insect Powder, Insect Meal, and Insect Oil. Insect Powder segment dominate the target market growth due to its versatility, and availability, wide usage in food production, etc.  

Type Insights:

The edible insects market by type is Crickets, Black Soldier Fly, Mealworms, and Others. Crickets holds the largest share of the targeted market as it is rich in high protein and iron, easy to farm and process, and increasing adoption, etc.

• For Instance, in July 2024, the seaside restaurant is the first eatery to put insects on the menu after the city state's stringent food authority this month approved for human consumption 16 species ranging from crickets to grasshoppers, grubs and mealworms after two years of deliberation.

Application Insights:

The Edible Insects Market by application is segmented into Food and Beverages, Animal Feed, Pharmaceuticals, Cosmetics, and Others. Food and beverage segment is expected to dominate the target market growth due to high quality of protein, amino acid, increasing demand, etc.  

Regional Insights

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, etc.   

North America: This region is considered to be the fastest growing region in the target market as countries like 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, etc.

Edible Insects Market Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels, analyzing industry trends and opportunities across sub-segments from 2024 to 2034. It segments the market by Product Type, Type, Application, and Region.

Segmentation:

By Product Type:

• Whole Insects
• Insect Powder
• Insect Meal
• Insect Oil

By Type:

• Crickets
• Black Soldier Fly
• Mealworms
• Others

By Application:

• Food and Beverages
• Animal Feed
• Pharmaceuticals
• Cosmetics
• Others

By Region:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East & Africa

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.

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• In August 2024, The Singapore Food Agency (SFA) said on July 8 that it has approved 16 species of insects for consumption. The insects include various species of crickets, grasshoppers, locusts, mealworms and silkworms.

• In June 2024, All Things Bugs has announced that it has received a U.S. patent for its unique production method as it continues to develop pioneering products and research in the use of insects as sustainable food ingredients.

Analyst View:

The industry for bath and market is placed for substantial growth due to increasing demand for high protein as well as low-fat foods, consumers’ preference for healthier alternatives, growing environmental concerns and the need for sustainable food production. New innovations and development, advance technologies as well as many collaborations and partnerships helps to boost the growth of the market in upcoming years.

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• 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
• BETA HATCH