Thorough Report: Global Edible Insects Market Size, Share, and Growth Trends
The latest research report by MarkNtel Advisors, titled Global Edible Insects Market, offers a comprehensive industry overview and market perspective. This study provides an extensive examination of the current market landscape, encompassing market trends and the latest global advancements. The report delves into an in-depth analysis of market size, market share, industry trends, forecasts, and the competitive environment, presenting a clear and informative portrayal of the market, supported by relevant statistical data.
This report seamlessly combines meticulous quantitative analysis with qualitative insights, offering a wide-ranging perspective. It covers macro-level insights such as the overall market size, industry supply chain, and market dynamics, while also delving into micro-level details concerning segment-specific markets. As a result, the report offers a comprehensive understanding of the industry under scrutiny, capturing all its vital characteristics.
Global Edible Insects Market Insights:
The Global Edible Insects Market size is valued at USD 2.8 Billion in 2022 and is projected to grow at a CAGR of around 12.4% during the forecast period, i.e., 2023-28. The market's growth is driven primarily by the burgeoning requirements for high-protein & low-fat food worldwide. Besides, the easy availability, high nutritional value, and low-cost production methods associated with edible insects further drive the global market.
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Global Edible Insects Market Dynamic:
Industry Driving Factor:
Rising Awareness about the Various Health Benefits of Edible Insects: Amidst the pandemic, many countries imposed restrictions on meat production and banned breeding, hunting, & consumption of wild animals, which resulted in the shutdown of meat processing units. Besides, increased health awareness and an upsurge in soybean prices made people look for & adopt better nutritional supplements to maintain their overall well-being. It, in turn, propagated the demand for protein substitutes like insect-based meals, owing to their higher nutritional value & affordability.
Highlights Regarding Dominant Businesses in Edible Insects Market
In the Global Edible Insects Market, it is crucial to identify the key players who wield significant influence and control over the industry. These key players are the businesses that have not only established themselves as prominent participants but also continue to dominate the market. Their leadership is evident through their market share, innovative practices, and consistent growth. Understanding these industry dominators is essential for competitors, investors, and stakeholders, as it allows them to gauge market dynamics, make informed decisions, and potentially collaborate or compete effectively in this dynamic landscape. The information on the following key market participants is presented in this section:
· AgriProtein Technologies
· Aspire Food Group
· All Things Bugs
· Beta Hatch
· Bioflytech
· DeliBugs Ltd.
· Eat Grub Ltd.
· Thailand Unique
· Nordic Insect Economy Ltd.
· Kreca Ento - Food BV
· Entomo Farms Ltd.
· Protifarm NV
· EnviroFlight LLC
· EntoCube, Ltd.
· Entomo Farms
· Haocheng Mealworm Inc.
· Hargol FoodTech
· Ÿnsect SAS
· Others
Market Segmentation and Regional Growth Outlook for the Edible Insects Market
The Global Edible Insects Market is set to witness a noteworthy expansion, underpinned by a comprehensive analysis of the key factors explored in our in-depth study. This market is neatly divided into three distinct segments:
· By Insect Type
o Crickets
o Mealworms
o Black Soldier Flies
o Buffalo’s
o Grasshoppers
o Ants
o Silkworms
o Cicadas
o Beetles
o Caterpillar
o Others
· By Product Type
o Insect Powder
o Protein Bars
o Whole Insects
· By End User
o Human Consumption
o Animal Feed
o Agriculture
· By Region
o North America
o South America
o Europe
o The Middle East & Africa
o Asia-Pacific
with an expectation that specific market categories will serve as catalysts for driving its growth.
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Global Edible Insects Market Analysis Report Contains Answers to the following Questions:
1. What is the projected value of the Global Edible Insects Market for the year 2028?
2. What current trends can be observed in the Edible Insects Market, and do they suggest potential growth or decline in market demand in the coming years?
3. What is the anticipated demand for different product categories and their potential applications across various industries in the market?
4. Who are the leading players in the Edible Insects Market, and which companies currently hold a dominant position in the industry?
5. What strategies are advisable for entering the market, mitigating economic impact, and selecting appropriate marketing channels within the Edible Insects Market?
Important Notes: In case you missed it, we are currently revising our reports. Click on the "request customization report" button to get the most latest research data with forecast for years 2024 to 2030, including market size, industry trends, and competitive analysis. It wouldn't take long for the team to deliver the most recent version of the report.
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