Edible Insects Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2033

Description

Persistence Market Research has recently released a comprehensive report on the Edible Insects Market. The report provides an in-depth analysis of key market dynamics, including drivers, trends, opportunities, and challenges, offering detailed insights into the market structure.

Key Insights:

Edible Insects Market Size (2024E): USD 9.9 Bn
Projected Market Value (2033F): USD 175.4 Bn
Global Market Growth Rate (CAGR 2024 to 2033): 37.5%

Edible Insects Market - Report Scope:

Edible insects encompass a variety of insect species consumed by humans, including beetles, caterpillars, grasshoppers, and crickets. These insects are increasingly recognized for their nutritional benefits, sustainability, and potential as alternative protein sources. The edible insects market includes various forms such as whole insects, insect powders, and insect-based ingredients used in food products. The market serves multiple sectors, including food and beverage, dietary supplements, and pet food. Growing interest in sustainable food sources and the need to address global food security challenges are driving the adoption of edible insects. This market caters to diverse applications, from traditional consumption in certain cultures to novel food products in Western markets.

Market Growth Drivers:

The global edible insects market is propelled by several key factors, including the rising demand for sustainable and alternative protein sources, increasing awareness of the environmental benefits of insect farming, and the need to address food security concerns. Edible insects are rich in protein, vitamins, and minerals, making them a valuable addition to diets, particularly in regions facing food shortages. The growing consumer acceptance of novel food products and the integration of edible insects into mainstream food products further support market growth. Technological advancements in insect farming and processing also contribute to the expansion of the market by improving the efficiency and scalability of insect production. Additionally, government initiatives and regulations promoting the use of sustainable food sources enhance market prospects.

Market Restraints:

Despite the promising growth prospects, the edible insects market faces several challenges. Consumer resistance and cultural barriers in many regions can hinder market acceptance, as edible insects are often perceived as unconventional or unappetizing. The lack of standardized regulations and quality control measures for insect-based food products can impact consumer confidence and market growth. Additionally, the high cost of insect farming and processing compared to traditional livestock can limit the affordability and scalability of edible insect products. Addressing these challenges requires efforts to increase consumer education, establish regulatory frameworks, and develop cost-effective production methods.

Market Opportunities:

The edible insects market presents significant growth opportunities driven by increasing consumer interest in sustainable and health-conscious food choices, advancements in insect farming technologies, and the exploration of new product applications. The development of innovative insect-based food products, such as protein bars, snacks, and ingredient blends, offers opportunities for market expansion. Expanding the use of edible insects in the pet food industry and dietary supplements also provides additional revenue streams. Strategic partnerships, investments in research and development, and marketing initiatives aimed at increasing consumer awareness and acceptance are essential for capitalizing on these opportunities and driving market growth.

Key Questions Answered in the Report:

What are the primary factors driving the growth of the global edible insects market?
Which insect species and product forms are leading the demand in the edible insects market?
How are technological advancements and innovations shaping the competitive landscape of the edible insects market?
Who are the key players in the edible insects market, and what strategies are they employing to stay competitive?
What are the emerging trends and future prospects in the global edible insects market?

Competitive Intelligence and Business Strategy:

Leading players in the global edible insects market, including companies like Aspire Food Group, Entomo Farms, and Ynsect, focus on innovation, product differentiation, and strategic partnerships to gain a competitive edge. These companies invest in research and development to create new insect-based products and improve production processes. Collaborations with food manufacturers, retailers, and research institutions facilitate market access and promote the adoption of edible insect products. Emphasis on sustainability, quality control, and consumer education drives market growth and enhances competitive positioning.

Key Companies Profiled:

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 Industry Research by Category

By Insect Type:

Beetles
Hymenoptera
Orthoptera
True Bugs
Others

By Product Type:

Whole
Ingredient

By Region:

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

Product Code: PMRREP11491

1. Executive Summary

1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends

4. Key Success Factors

4.1. Product Adoption / Usage Analysis
4.2. Product USPs / Features
4.3. Strategic Promotional Strategies

5. Global Edible Insects Market - Pricing Analysis

5.1. Regional Pricing Analysis By Insect Type
5.2. Pricing Break-up
5.3. Global Average Pricing Analysis Benchmark

6. Global Edible Insects Market Demand (in Value or Size in US$ Mn) Analysis 2019-2023 and Forecast, 2024-2033

6.1. Historical Market Value (US$ Mn) Analysis, 2019-2023
6.2. Current and Future Market Value (US$ Mn) Projections, 2024-2033
- 6.2.1. Y-o-Y Growth Trend Analysis
- 6.2.2. Absolute $ Opportunity Analysis

7. Market Background

7.1. Macro-Economic Factors
- 7.1.1. Global GDP Growth Outlook
- 7.1.2. Global Industry Value Added
- 7.1.3. Global Urbanization Growth Outlook
- 7.1.4. Global Food Security Index Outlook
7.2. Animal Feed Industry Outlook
7.3. End User Industry Demand Analysis
7.4. List of Key Manufacturers
7.5. Key Regulations/Claims & Certifications
7.6. Market Dynamics
- 7.6.1. Drivers
- 7.6.2. Restraints
- 7.6.3. Opportunity Analysis
7.7. Forecast Factors - Relevance & Impact

8. Global Edible Insects Market Analysis 2019-2023 and Forecast 2024-2033, By Insect Type

8.1. Introduction / Key Findings
8.2. Historical Market Size (US$ Mn) Analysis By Insect Type, 2019-2023
8.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Insect Type, 2024-2033
- 8.3.1. Beetles
- 8.3.2. Hymenoptera
- 8.3.3. Orthoptera
- 8.3.4. True Bugs
- 8.3.5. Others
8.4. Market Attractiveness Analysis By Insect Type

9. Global Edible Insects Market Analysis 2019-2023 and Forecast 2024-2033, By Product Type

9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Mn) Analysis By Product Type, 2019-2023
9.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Product Type, 2024-2033
- 9.3.1. Whole
  - 9.3.1.1. Steam or Fried
  - 9.3.1.2. Raw
  - 9.3.1.3. BBQ
- 9.3.2. Ingredient
  - 9.3.2.1. Drinks
  - 9.3.2.2. Insect Confectionary
  - 9.3.2.3. Snacks and Baked Products
  - 9.3.2.4. Others
9.4. Market Attractiveness Analysis By Product Type

10. Global Edible Insects Market Analysis 2019-2023 and Forecast 2024-2033, by Region

10.1. Introduction
10.2. Historical Market Size (US$ Mn) Analysis By Region, 2019-2023
10.3. Current Market Size (US$ Mn) Analysis and Forecast By Region, 2024-2033
- 10.3.1. North America
- 10.3.2. Latin America
- 10.3.3. Europe
- 10.3.4. East Asia
- 10.3.5. South Asia & Pacific
- 10.3.6. Middle East and Africa (MEA)
10.4. Market Attractiveness Analysis By Region

11. North America Edible Insects Market Analysis 2019-2023 and Forecast 2024-2033

11.1. Introduction
11.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2019-2023
11.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2024-2033
- 11.3.1. By Country
  - 11.3.1.1. U.S.
  - 11.3.1.2. Canada
- 11.3.2. By Insect Type
- 11.3.3. By Product Type
11.4. Market Attractiveness Analysis
- 11.4.1. By Country
- 11.4.2. By Insect Type
- 11.4.3. By Product Type
11.5. Key Market Participants - Intensity Mapping
11.6. Drivers and Restraints - Impact Analysis

12. Latin America Edible Insects Market Analysis 2019-2023 and Forecast 2024-2033

12.1. Introduction
12.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2019-2023
12.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2024-2033
- 12.3.1. By Country
  - 12.3.1.1. Brazil
  - 12.3.1.2. Mexico
  - 12.3.1.3. Rest of Latin America
- 12.3.2. By Insect Type
- 12.3.3. By Product Type
12.4. Market Attractiveness Analysis
- 12.4.1. By Country
- 12.4.2. By Insect Type
- 12.4.3. By Product Type
12.5. Key Market Participants - Intensity Mapping
12.6. Drivers and Restraints - Impact Analysis

13. Europe Edible Insects Market Analysis 2019-2023 and Forecast 2024-2033

13.1. Introduction
13.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2019-2023
13.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2024-2033
- 13.3.1. By Country
  - 13.3.1.1. Germany
  - 13.3.1.2. Italy
  - 13.3.1.3. France
  - 13.3.1.4. U.K.
  - 13.3.1.5. Spain
  - 13.3.1.6. BENELUX
  - 13.3.1.7. Nordic
  - 13.3.1.8. Russia
  - 13.3.1.9. Poland
  - 13.3.1.10. Rest of Europe
- 13.3.2. By Insect Type
- 13.3.3. By Product Type
13.4. Market Attractiveness Analysis
- 13.4.1. By Country
- 13.4.2. By Insect Type
- 13.4.3. By Product Type
13.5. Key Market Participants - Intensity Mapping
13.6. Drivers and Restraints - Impact Analysis

14. South Asia Edible Insects Market Analysis 2019-2023 and Forecast 2024-2033

14.1. Introduction
14.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2019-2023
14.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2024-2033
- 14.3.1. By Country
  - 14.3.1.1. India
  - 14.3.1.2. Thailand
  - 14.3.1.3. Indonesia
  - 14.3.1.4. Malaysia
  - 14.3.1.5. Oceania (Australia & New Zealand)
  - 14.3.1.6. Rest of South Asia
- 14.3.2. By Insect Type
- 14.3.3. By Product Type
14.4. Market Attractiveness Analysis
- 14.4.1. By Country
- 14.4.2. By Insect Type
- 14.4.3. By Product Type
14.5. Key Market Participants - Intensity Mapping
14.6. Drivers and Restraints - Impact Analysis

15. East Asia Edible Insects Market Analysis 2019-2023 and Forecast 2024-2033

15.1. Introduction
15.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2019-2023
15.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2024-2033
- 15.3.1. By Country
  - 15.3.1.1. China
  - 15.3.1.2. Japan
  - 15.3.1.3. South Korea
- 15.3.2. By Insect Type
- 15.3.3. By Product Type
15.4. Market Attractiveness Analysis
- 15.4.1. By Country
- 15.4.2. By Insect Type
- 15.4.3. By Product Type
15.5. Key Market Participants - Intensity Mapping
15.6. Drivers and Restraints - Impact Analysis

16. Middle East and Africa Edible Insects Market Analysis 2019-2023 and Forecast 2024-2033

16.1. Introduction
16.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2019-2023
16.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2024-2033
- 16.3.1. By Country
  - 16.3.1.1. GCC Countries
  - 16.3.1.2. South Africa
  - 16.3.1.3. Rest of Middle East and Africa
- 16.3.2. By Insect Type
- 16.3.3. By Product Type
16.4. Market Attractiveness Analysis
- 16.4.1. By Country
- 16.4.2. By Insect Type
- 16.4.3. By Product Type
16.5. Key Market Participants - Intensity Mapping
16.6. Drivers and Restraints - Impact Analysis

17. Country Wise Edible Insects Market Analysis, 2024

17.1. Introduction
- 17.1.1. Market Value Proportion Analysis, By Key Countries
- 17.1.2. Global Vs. Country Growth Comparison
17.2. U.S. Edible Insects Market Analysis
- 17.2.1. By Insect Type
- 17.2.2. By Product Type
17.3. Canada Edible Insects Market Analysis
- 17.3.1. By Insect Type
- 17.3.2. By Product Type
17.4. Mexico Edible Insects Market Analysis
- 17.4.1. By Insect Type
- 17.4.2. By Product Type
17.5. Brazil Edible Insects Market Analysis
- 17.5.1. By Insect Type
- 17.5.2. By Product Type
17.6. Argentina Edible Insects Market Analysis
- 17.6.1. By Insect Type
- 17.6.2. By Product Type
17.7. Germany Edible Insects Market Analysis
- 17.7.1. By Insect Type
- 17.7.2. By Product Type
17.8. Italy Edible Insects Market Analysis
- 17.8.1. By Insect Type
- 17.8.2. By Product Type
17.9. France Edible Insects Market Analysis
- 17.9.1. By Insect Type
- 17.9.2. By Product Type
17.10. U.K. Edible Insects Market Analysis
- 17.10.1. By Insect Type
- 17.10.2. By Product Type
17.11. Spain Edible Insects Market Analysis
- 17.11.1. By Insect Type
- 17.11.2. By Product Type
17.12. Russia Edible Insects Market Analysis
- 17.12.1. By Insect Type
- 17.12.2. By Product Type
17.13. Poland Edible Insects Market Analysis
- 17.13.1. By Insect Type
- 17.13.2. By Product Type
17.14. China Edible Insects Market Analysis
- 17.14.1. By Insect Type
- 17.14.2. By Product Type
17.15. Japan Edible Insects Market Analysis
- 17.15.1. By Insect Type
- 17.15.2. By Product Type
17.16. S. Korea Edible Insects Market Analysis
- 17.16.1. By Insect Type
- 17.16.2. By Product Type
17.17. India Edible Insects Market Analysis
- 17.17.1. By Insect Type
- 17.17.2. By Product Type
17.18. Turkey Edible Insects Market Analysis
- 17.18.1. By Insect Type
- 17.18.2. By Product Type
17.19. South Africa Edible Insects Market Analysis
- 17.19.1. By Insect Type
- 17.19.2. By Product Type

18. Market Structure Analysis

18.1. Market Analysis by Tier of Companies
18.2. Market Concentration
18.3. Market Presence Analysis

19. Competition Analysis

19.1. Competition Dashboard
19.2. Competition Benchmarking
19.3. Competition Deep Dive
- 19.3.1. Thailand Unique
  - 19.3.1.1. Overview
  - 19.3.1.2. Product Portfolio
  - 19.3.1.3. Sales Footprint
  - 19.3.1.4. Key Developments
  - 19.3.1.5. Strategy Overview
- 19.3.2. Kreca Ento-Food BV
  - 19.3.2.1. Overview
  - 19.3.2.2. Product Portfolio
  - 19.3.2.3. Sales Footprint
  - 19.3.2.4. Key Developments
  - 19.3.2.5. Strategy Overview
- 19.3.3. Nordic Insect Economy Ltd.
  - 19.3.3.1. Overview
  - 19.3.3.2. Product Portfolio
  - 19.3.3.3. Sales Footprint
  - 19.3.3.4. Key Developments
  - 19.3.3.5. Strategy Overview
- 19.3.4. Entomo Farms Ltd.
  - 19.3.4.1. Overview
  - 19.3.4.2. Product Portfolio
  - 19.3.4.3. Sales Footprint
  - 19.3.4.4. Key Developments
  - 19.3.4.5. Strategy Overview
- 19.3.5. Enviro Flight, LLC
  - 19.3.5.1. Overview
  - 19.3.5.2. Product Portfolio
  - 19.3.5.3. Sales Footprint
  - 19.3.5.4. Key Developments
  - 19.3.5.5. Strategy Overview
- 19.3.6. Proti-Farm
  - 19.3.6.1. Overview
  - 19.3.6.2. Product Portfolio
  - 19.3.6.3. Sales Footprint
  - 19.3.6.4. Key Developments
  - 19.3.6.5. Strategy Overview
- 19.3.7. Exo Inc.
  - 19.3.7.1. Overview
  - 19.3.7.2. Product Portfolio
  - 19.3.7.3. Sales Footprint
  - 19.3.7.4. Key Developments
  - 19.3.7.5. Strategy Overview
- 19.3.8. ENTOTECH
  - 19.3.8.1. Overview
  - 19.3.8.2. Product Portfolio
  - 19.3.8.3. Sales Footprint
  - 19.3.8.4. Key Developments
  - 19.3.8.5. Strategy Overview
- 19.3.9. Deli Bugs Ltd.
  - 19.3.9.1. Overview
  - 19.3.9.2. Product Portfolio
  - 19.3.9.3. Sales Footprint
  - 19.3.9.4. Key Developments
  - 19.3.9.5. Strategy Overview
- 19.3.10. Eat Grub Ltd.
  - 19.3.10.1. Overview
  - 19.3.10.2. Product Portfolio
  - 19.3.10.3. Sales Footprint
  - 19.3.10.4. Key Developments
  - 19.3.10.5. Strategy Overview