Edible Insects Market - Global Benzyl Chloride Industry Analysis, Size, Share, Growth, Trends, and Forecast 2024-2031- (By Derivatives Coverage, By Geographic Coverage and By Company)

Description

The global edible insects market is witnessing unprecedented growth, with a recorded valuation of approximately US$ 10.1 billion in 2024. Forecasts suggest a significant CAGR of 39.7%, potentially reaching US$ 105 billion by 2031. This exponential rise is fueled by increasing consumer preference for healthier, sustainable protein sources, especially in regions like Asia and North America.

With growing awareness of nutritional benefits, edible insects are emerging as a prominent protein source for both direct consumption and animal feed. In Asia, insects like beetles and mealworms are integral to culinary practices, being commonly sold as street food or packaged products. In Western countries, insects are gaining popularity as powdered protein sources, widely used in snacks and supplements.

Drivers of Market Growth

1.Consumer Preference for Healthy Lifestyles: Health-conscious consumers are increasingly turning to insects for their high protein and nutrient content. The stigma associated with insect consumption is diminishing as companies offer products like insect powders, which are versatile, nutritious, and palatable.

2.Economic and Environmental Benefits: Insect farming requires minimal investment and is considered a cost-effective option for impoverished communities. It also requires significantly less land and water than conventional livestock farming, making it an environmentally sustainable choice.

3.Technological Advancements in Insect Farming: Emerging technologies, including IoT and automated breeding techniques, are being integrated into insect farming. For instance, Protix, an insect farming company, partnered with Buhler Group to leverage IoT and other advanced technologies, enhancing the efficiency of insect production.

Business Opportunities

The edible insects market offers immense potential as an economical alternative to traditional protein sources. Declining prices of insect-based products are opening doors for mass adoption across industries. Insect-based proteins are increasingly used in animal feed, helping reduce reliance on more costly soy and fish-based proteins, which account for a substantial portion of feed costs.

Regional Market Insights

Asia Pacific: With a vast array of edible insect species and a cultural acceptance of insect consumption, the Asia Pacific region is set to lead the market. The growing population and food demand have increased the focus on edible insects, providing a vital income source for local communities with minimal resources.
North America: Holding a 33% share of the global edible insects market, North America, particularly the U.S., is experiencing a surge in demand for alternative protein sources. The region is driven by health-conscious consumers seeking sustainable and nutritious protein sources amidst concerns over agricultural land depletion and dietary deficiencies.

Category-wise Insights

Insect Type: Mealworms dominate the market, with a 43% revenue share, popular in both snack and powdered forms due to their high protein content and growing acceptance in Western markets.
Product Type: Insect-based protein powders account for the highest market share, around 42.8%, as the powdered form addresses concerns over insect consumption by offering a versatile, palatable protein source that can be easily incorporated into various food items.

Competitive Analysis

The edible insects market for animal feed and human consumption is highly competitive, with key players focusing on innovative product offerings to cater to growing demand. Companies with a global presence contribute to nearly half of the market share, offering a diverse range of insect-based products for direct consumption and animal nutrition. Leading companies include:

Thailand Unique
Kreca Ento-Food BV
Nordic Insect Economy Ltd.
Entomo Farms Ltd.
Enviro Flight, LLC
Proti-Farm
Exo Inc.
ENTOTECH
Deli Bugs Ltd.
Eat Grub Ltd.

Edible Insects Market Segmentation

By Insect Type:

Beetles
Hymenoptera
Orthoptera
True Bugs
Others

By Product Type:

Whole
- oSteam or Fried
- oRaw
- oBBQ
Ingredient
- oDrinks
- oInsect Confectionary
- oSnacks and Baked Products
- oOthers

By Region:

North America
Latin America
Europe
South Asia & Pacific
East Asia
Middle East & Africa

1. Executive Summary

1.1. Global Edible Insects Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value and Volume, 2024
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. COVID-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
- 2.7.1. World Economic Projections
2.8. PESTLE Analysis

3. Production Output and Trade Statistics, 2019-2023

3.1. Global Edible Insects Production Output, by Region, Value (US$ Bn) and Volume (Tons), 2019-2023
- 3.1.1. North America
- 3.1.2. Europe
- 3.1.3. Asia Pacific
- 3.1.4. Latin America
- 3.1.5. Middle East and Africa

4. Price Analysis, 2019-2023

4.1. Global Average Price Analysis, by Insect Type, US$ Per Unit, 2019-2023
4.2. Prominent Factor Affecting Edible Insects Prices
4.3. Global Average Price Analysis, by Region, US$ Per Unit

5. Global Edible Insects Market Outlook, 2019-2031

5.1. Global Edible Insects Market Outlook, by Insect Type, Value (US$ Bn) and Volume (Tons), 2019-2031
- 5.1.1. Key Highlights
  - 5.1.1.1. Beetles
  - 5.1.1.2. Hymenoptera
  - 5.1.1.3. Orthoptera
  - 5.1.1.4. True Bugs
  - 5.1.1.5. Others
5.2. Global Edible Insects Market Outlook, by Product type, Value (US$ Bn) and Volume (Tons), 2019-2031
- 5.2.1. Key Highlights
  - 5.2.1.1. Whole
    - 5.2.1.1.1. Steam or Fried
    - 5.2.1.1.2. Raw
    - 5.2.1.1.3. BBQ
  - 5.2.1.2. Ingredient
    - 5.2.1.2.1. Drinks
    - 5.2.1.2.2. Insect Confectionary
    - 5.2.1.2.3. Snacks and Baked Products
    - 5.2.1.2.4. Others
5.3. Global Edible Insects Market Outlook, by Region, Value (US$ Bn) and Volume (Tons), 2019-2031
- 5.3.1. Key Highlights
  - 5.3.1.1. North America
  - 5.3.1.2. Europe
  - 5.3.1.3. Asia Pacific
  - 5.3.1.4. Latin America
  - 5.3.1.5. Middle East & Africa

6. North America Edible Insects Market Outlook, 2019-2031

6.1. North America Edible Insects Market Outlook, by Insect Type, Value (US$ Bn) and Volume (Tons), 2019-2031
- 6.1.1. Key Highlights
  - 6.1.1.1. Beetles
  - 6.1.1.2. Hymenoptera
  - 6.1.1.3. Orthoptera
  - 6.1.1.4. True Bugs
  - 6.1.1.5. Others
6.2. North America Edible Insects Market Outlook, by Product type, Value (US$ Bn) and Volume (Tons), 2019-2031
- 6.2.1. Key Highlights
  - 6.2.1.1. Whole
    - 6.2.1.1.1. Steam or Fried
    - 6.2.1.1.2. Raw
    - 6.2.1.1.3. BBQ
  - 6.2.1.2. Ingredient
    - 6.2.1.2.1. Drinks
    - 6.2.1.2.2. Insect Confectionary
    - 6.2.1.2.3. Snacks and Baked Products
    - 6.2.1.2.4. Others
- 6.2.2. BPS Analysis/Market Attractiveness Analysis
6.3. North America Edible Insects Market Outlook, by Country, Value (US$ Bn) and Volume (Tons), 2019-2031
- 6.3.1. Key Highlights
  - 6.3.1.1. U.S. Edible Insects Market by Insect Type, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 6.3.1.2. U.S. Edible Insects Market by Product type, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 6.3.1.3. Canada Edible Insects Market by Insect Type, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 6.3.1.4. Canada Edible Insects Market by Product type, Value (US$ Bn) and Volume (Tons), 2019-2031
- 6.3.2. BPS Analysis/Market Attractiveness Analysis

7. Europe Edible Insects Market Outlook, 2019-2031

7.1. Europe Edible Insects Market Outlook, by Insect Type, Value (US$ Bn) and Volume (Tons), 2019-2031
- 7.1.1. Key Highlights
  - 7.1.1.1. Beetles
  - 7.1.1.2. Hymenoptera
  - 7.1.1.3. Orthoptera
  - 7.1.1.4. True Bugs
  - 7.1.1.5. Others
7.2. Europe Edible Insects Market Outlook, by Product type, Value (US$ Bn) and Volume (Tons), 2019-2031
- 7.2.1. Key Highlights
  - 7.2.1.1. Whole
    - 7.2.1.1.1. Steam or Fried
    - 7.2.1.1.2. Raw
    - 7.2.1.1.3. BBQ
  - 7.2.1.2. Ingredient
    - 7.2.1.2.1. Drinks
    - 7.2.1.2.2. Insect Confectionary
    - 7.2.1.2.3. Snacks and Baked Products
    - 7.2.1.2.4. Others
- 7.2.2. BPS Analysis/Market Attractiveness Analysis
7.3. Europe Edible Insects Market Outlook, by Country, Value (US$ Bn) and Volume (Tons), 2019-2031
- 7.3.1. Key Highlights
  - 7.3.1.1. Germany Edible Insects Market by Insect Type, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 7.3.1.2. Germany Edible Insects Market by Product type, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 7.3.1.3. U.K. Edible Insects Market by Insect Type, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 7.3.1.4. U.K. Edible Insects Market by Product type, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 7.3.1.5. France Edible Insects Market by Insect Type, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 7.3.1.6. France Edible Insects Market by Product type, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 7.3.1.7. Italy Edible Insects Market by Insect Type, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 7.3.1.8. Italy Edible Insects Market by Product type, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 7.3.1.9. Turkey Edible Insects Market by Insect Type, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 7.3.1.10. Turkey Edible Insects Market by Product type, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 7.3.1.11. Russia Edible Insects Market by Insect Type, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 7.3.1.12. Russia Edible Insects Market by Product type, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 7.3.1.13. Rest of Europe Edible Insects Market by Insect Type, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 7.3.1.14. Rest of Europe Edible Insects Market by Product type, Value (US$ Bn) and Volume (Tons), 2019-2031
- 7.3.2. BPS Analysis/Market Attractiveness Analysis

8. Asia Pacific Edible Insects Market Outlook, 2019-2031

8.1. Asia Pacific Edible Insects Market Outlook, by Insect Type, Value (US$ Bn) and Volume (Tons), 2019-2031
- 8.1.1. Key Highlights
  - 8.1.1.1. Beetles
  - 8.1.1.2. Hymenoptera
  - 8.1.1.3. Orthoptera
  - 8.1.1.4. True Bugs
  - 8.1.1.5. Others
8.2. Asia Pacific Edible Insects Market Outlook, by Product type, Value (US$ Bn) and Volume (Tons), 2019-2031
- 8.2.1. Key Highlights
  - 8.2.1.1. Whole
    - 8.2.1.1.1. Steam or Fried
    - 8.2.1.1.2. Raw
    - 8.2.1.1.3. BBQ
  - 8.2.1.2. Ingredient
    - 8.2.1.2.1. Drinks
    - 8.2.1.2.2. Insect Confectionary
    - 8.2.1.2.3. Snacks and Baked Products
    - 8.2.1.2.4. Others
- 8.2.2. BPS Analysis/Market Attractiveness Analysis
8.3. Asia Pacific Edible Insects Market Outlook, by Country, Value (US$ Bn) and Volume (Tons), 2019-2031
- 8.3.1. Key Highlights
  - 8.3.1.1. China Edible Insects Market by Insect Type, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 8.3.1.2. China Edible Insects Market by Product type, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 8.3.1.3. Japan Edible Insects Market by Insect Type, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 8.3.1.4. Japan Edible Insects Market by Product type, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 8.3.1.5. South Korea Edible Insects Market by Insect Type, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 8.3.1.6. South Korea Edible Insects Market by Product type, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 8.3.1.7. India Edible Insects Market by Insect Type, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 8.3.1.8. India Edible Insects Market by Product type, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 8.3.1.9. Southeast Asia Edible Insects Market by Insect Type, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 8.3.1.10. Southeast Asia Edible Insects Market by Product type, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 8.3.1.11. Rest of Asia Pacific Edible Insects Market by Insect Type, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 8.3.1.12. Rest of Asia Pacific Edible Insects Market by Product type, Value (US$ Bn) and Volume (Tons), 2019-2031
- 8.3.2. BPS Analysis/Market Attractiveness Analysis

9. Latin America Edible Insects Market Outlook, 2019-2031

9.1. Latin America Edible Insects Market Outlook, by Insect Type, Value (US$ Bn) and Volume (Tons), 2019-2031
- 9.1.1. Key Highlights
  - 9.1.1.1. Beetles
  - 9.1.1.2. Hymenoptera
  - 9.1.1.3. Orthoptera
  - 9.1.1.4. True Bugs
  - 9.1.1.5. Others
9.2. Latin America Edible Insects Market Outlook, by Product type, Value (US$ Bn) and Volume (Tons), 2019-2031
- 9.2.1. Key Highlights
  - 9.2.1.1. Whole
    - 9.2.1.1.1. Steam or Fried
    - 9.2.1.1.2. Raw
    - 9.2.1.1.3. BBQ
  - 9.2.1.2. Ingredient
    - 9.2.1.2.1. Drinks
    - 9.2.1.2.2. Insect Confectionary
    - 9.2.1.2.3. Snacks and Baked Products
    - 9.2.1.2.4. Others
- 9.2.2. BPS Analysis/Market Attractiveness Analysis
9.3. Latin America Edible Insects Market Outlook, by Country, Value (US$ Bn) and Volume (Tons), 2019-2031
- 9.3.1. Key Highlights
  - 9.3.1.1. Brazil Edible Insects Market by Insect Type, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 9.3.1.2. Brazil Edible Insects Market by Product type, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 9.3.1.3. Mexico Edible Insects Market by Insect Type, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 9.3.1.4. Mexico Edible Insects Market by Product type, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 9.3.1.5. Argentina Edible Insects Market by Insect Type, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 9.3.1.6. Argentina Edible Insects Market by Product type, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 9.3.1.7. Rest of Latin America Edible Insects Market by Insect Type, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 9.3.1.8. Rest of Latin America Edible Insects Market by Product type, Value (US$ Bn) and Volume (Tons), 2019-2031
- 9.3.2. BPS Analysis/Market Attractiveness Analysis

10. Middle East & Africa Edible Insects Market Outlook, 2019-2031

10.1. Middle East & Africa Edible Insects Market Outlook, by Insect Type, Value (US$ Bn) and Volume (Tons), 2019-2031
- 10.1.1. Key Highlights
  - 10.1.1.1. Beetles
  - 10.1.1.2. Hymenoptera
  - 10.1.1.3. Orthoptera
  - 10.1.1.4. True Bugs
  - 10.1.1.5. Others
10.2. Middle East & Africa Edible Insects Market Outlook, by Product type, Value (US$ Bn) and Volume (Tons), 2019-2031
- 10.2.1. Key Highlights
  - 10.2.1.1. Whole
    - 10.2.1.1.1. Steam or Fried
    - 10.2.1.1.2. Raw
    - 10.2.1.1.3. BBQ
  - 10.2.1.2. Ingredient
    - 10.2.1.2.1. Drinks
    - 10.2.1.2.2. Insect Confectionary
    - 10.2.1.2.3. Snacks and Baked Products
    - 10.2.1.2.4. Others
- 10.2.2. BPS Analysis/Market Attractiveness Analysis
10.3. Middle East & Africa Edible Insects Market Outlook, by Country, Value (US$ Bn) and Volume (Tons), 2019-2031
- 10.3.1. Key Highlights
  - 10.3.1.1. GCC Edible Insects Market by Insect Type, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 10.3.1.2. GCC Edible Insects Market by Product type, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 10.3.1.3. South Africa Edible Insects Market by Insect Type, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 10.3.1.4. South Africa Edible Insects Market by Product type, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 10.3.1.5. Egypt Edible Insects Market by Insect Type, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 10.3.1.6. Egypt Edible Insects Market by Product type, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 10.3.1.7. Nigeria Edible Insects Market by Insect Type, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 10.3.1.8. Nigeria Edible Insects Market by Product type, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 10.3.1.9. Rest of Middle East & Africa Edible Insects Market by Insect Type, Value (US$ Bn) and Volume (Tons), 2019-2031
  - 10.3.1.10. Rest of Middle East & Africa Edible Insects Market by Product type, Value (US$ Bn) and Volume (Tons), 2019-2031
- 10.3.2. BPS Analysis/Market Attractiveness Analysis

11. Competitive Landscape

11.1. Company Market Share Analysis, 2024
11.2. Competitive Dashboard
11.3. Company Profiles
- 11.3.1. Thailand Unique
  - 11.3.1.1. Company Overview
  - 11.3.1.2. Product Portfolio
  - 11.3.1.3. Financial Overview
  - 11.3.1.4. Business Strategies and Development
- 11.3.2. Kreca Ento-Food BV
  - 11.3.2.1. Company Overview
  - 11.3.2.2. Product Portfolio
  - 11.3.2.3. Financial Overview
  - 11.3.2.4. Business Strategies and Development
- 11.3.3. Nordic Insect Economy Ltd.
  - 11.3.3.1. Company Overview
  - 11.3.3.2. Product Portfolio
  - 11.3.3.3. Financial Overview
  - 11.3.3.4. Business Strategies and Development
- 11.3.4. Entomo Farms Ltd.
  - 11.3.4.1. Company Overview
  - 11.3.4.2. Product Portfolio
  - 11.3.4.3. Financial Overview
  - 11.3.4.4. Business Strategies and Development
- 11.3.5. Enviro Flight, LLC
  - 11.3.5.1. Company Overview
  - 11.3.5.2. Product Portfolio
  - 11.3.5.3. Financial Overview
  - 11.3.5.4. Business Strategies and Development
- 11.3.6. Proti-Farm
  - 11.3.6.1. Company Overview
  - 11.3.6.2. Product Portfolio
  - 11.3.6.3. Financial Overview
  - 11.3.6.4. Business Strategies and Development
- 11.3.7. Exo Inc.
  - 11.3.7.1. Company Overview
  - 11.3.7.2. Product Portfolio
  - 11.3.7.3. Financial Overview
  - 11.3.7.4. Business Strategies and Development
- 11.3.8. ENTOTECH
  - 11.3.8.1. Company Overview
  - 11.3.8.2. Product Portfolio
  - 11.3.8.3. Financial Overview
  - 11.3.8.4. Business Strategies and Development
- 11.3.9. Deli Bugs Ltd.
  - 11.3.9.1. Company Overview
  - 11.3.9.2. Product Portfolio
  - 11.3.9.3. Financial Overview
  - 11.3.9.4. Business Strategies and Development
- 11.3.10. Eat Grub Ltd.
  - 11.3.10.1. Company Overview
  - 11.3.10.2. Product Portfolio
  - 11.3.10.3. Financial Overview
  - 11.3.10.4. Business Strategies and Development

12. Appendix

12.1. Research Methodology
12.2. Report Assumptions
12.3. Acronyms and Abbreviations

List of Region/Countries

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