Edible Insects Market to Perceive Highest CAGR of 24.8% by 2030, Size, Share, Trends, Key Drivers, Growth and Opportunity Analysis

“The  Edible Insects Market  research report is an exemplary, pragmatic, and highly dedicated market analysis document, crafted with a deep understanding of business requirements. The data and information contained within the report are sourced from reputable outlets, including company websites, annual reports, journals, and other reliable references. These data points have undergone rigorous validation by market experts. Market data is meticulously analyzed and forecasted using well-established statistical models, providing the most up-to-date market insights and a clear focus on the marketplace. This report encompasses a wide range of topics, from market scenarios to comparative pricing among major players, as well as cost and profit analysis for specific market regions.

The Edible Insects Market research report serves as a trusted source of data and information, offering an expansive view of current market trends, situations, opportunities, and status. Profound expertise and extensive research efforts have been invested in its creation. The report provides estimations regarding top players and brands, highlighting their activities such as developments, product launches, acquisitions, mergers, joint ventures, and competitive research within the market. A global Edible Insects Market report delivers a comprehensive overview of product specifications, technology, product types, and production analysis, taking into account key factors like revenue, cost, and gross margin.

The global edible insects market is supportive and aims to reduce the risk of transmitting zoonotic diseases with the consumption of edible insects. Data Bridge Market Research analyses that global edible insects market is expected to grow at a CAGR of 24.8% during the forecast period of 2023 to 2030.

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One of the primary factors driving the growth of the edible insects market is the rising inclination toward the consumption of protein-rich food. The continuing clinical trial research conducted by several food safety businesses to better edible meat choices and the potential of edible insects as a new source of bioactive compounds is leading to market expansion. The market is also influenced by increased human foodborne pathogen prevalence in insects. However, ethical barriers associated with tradition and culture, lack of awareness amongst the population, especially in developing countries, and a prolonged time for regulatory framework may act as restraining factors for the Global edible insects market in the forecast period.

The demand for edible insects is expected to increase in Global owing to the rising malnutrition population.

Edible insects constitute high-quality food for humans, livestock, poultry, and fish. As insects are cold-blooded, they have a high food conversion rate. Some insects are a source of complete protein and provide similar essential proteins to the vegetarian diet.

The usage of edible insects for animal feed is being considered for rapid and quick nutritional deficiency among animals. This potential utilization also helps in the mass distribution and scalability of animal feed in a short span of time. The edible insects’ animal feed is also sustainable as they play a major role in making the food chain circular.

Global Edible Insects Market Dynamics

Drivers

• Commercial benefit of insect farming

Most edible insects are harvested in the wild, but a few insect species have been domesticated because of their commercially valuable products. Silkworms and bees are the best-known examples. Sericulture, the practice of rearing silkworms for the production of raw silk, has its origin in China.

Insects are also reared in agriculture to either combat insect pests or for pollination. In biological control, large rearing companies mass produce beneficial insects such as predators and parasitoids. These insects are often sold to fruit, vegetable, and flower farmers to combat insect pests and are also used in large estate crops, for instance, egg parasitoids (Trichogramma spp.) and larval parasitoids (Cotesia flavipes) to combat sugarcane borers. Bumblebees (Bombus spp.) and honeybees (Apis spp.) are reared worldwide to help farmers pollinate crops and fruit orchards.

Hence, it can be concluded that the commercial benefits of insect farming are propelling the growth of the Global edible insects market.

• Suitable alternative to high-cost conventional protein sources

The nutritional values of edible insects are highly variable, not least because of the wide variety of species. Like most foods, preparation and processing methods (for instance, drying, boiling, or frying) applied before consumption will also influence the nutritional composition. Nevertheless, because of their nutritional value, they are still a highly significant food source for human populations. Protein content also depends on the feed (for instance, vegetables, grains, or waste).

Grasshoppers in Nigeria that are fed with bran, which contains high levels of essential fatty acids, have almost double the protein content of those fed on maize. The protein content of insects also depends on the metamorphosis stage. Adults usually have higher protein content than instars.

Hence, the use of insect-based proteins as an alternative to high-cost plant and animal-based proteins is anticipated to propel the market’s growth in the forecast period.

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The global edible insects market is categorized into four notable segments based on insect type, insect category, application, and distribution channel. 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.

Insect Type

• Crickets
• Mealworms
• Grasshoppers
• Cicadas
• Black soldier flies
• Silkworms
• Ants
• Buffalo’s
• Others

On the basis of insect type, the global edible insects market is segmented into crickets, mealworms, black soldier flies, buffalo’s, grasshoppers, ants, silkworms, cicadas, and others.

Insect category

• Regular Insects
• Premium Diet Fed Insects

On the basis of insect category, the global edible insects market is segmented into regular insects and premium diet fed insects.

Application

• Human Consumption Products
• Animal Nutrition
• Insect Oil
• Pharmaceuticals
• Cosmetics
• Personal Care
• Others

On the basis of application, the global edible insects market is segmented into human consumption products, animal nutrition, insect oil, pharmaceuticals, cosmetics, and personal care, others.

Distribution Channel

• Direct
• Indirect

On the basis of distribution channel, the global edible insects market is segmented into direct and indirect.

Key Pointers Covered in the Edible Insects Market Industry Trends and Forecast to 2029

• Edible Insects Market Size
• Edible Insects Market New Sales Volumes
• Edible Insects Market Replacement Sales Volumes
• Edible Insects Market By Brands
• Edible Insects Market Procedure Volumes
• Edible Insects Market Product Price Analysis
• Edible Insects Market Regulatory Framework and Changes
• Edible Insects Market Shares in Different Regions
• Recent Developments for Market Competitors
• Edible Insects Market Upcoming Applications
• Edible Insects Market Innovators Study

Answers That the Report Acknowledges:

• Market size and growth rate during forecast period
• Key factors driving the Edible Insects Market
• Key market trends cracking up the growth of the Edible Insects Market.
• Challenges to market growth
• Key vendors of Edible Insects Market
• Opportunities and threats faces by the existing vendors in Global Edible Insects Market
• Trending factors influencing the market in the geographical regions
• Strategic initiatives focusing the leading vendors
• PEST analysis of the market in the five major regions

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