Global Edible Insects Market is valued at USD 705.9 Billion in 2021 and expected to reach USD 2485.6 Billion by 2028 with a CAGR of 19.70% over the forecast period.
Global Edible Insects Market: Global Size, Trends, Competitive, And Historical & Forecast Analysis, 2022-2028: Growing greenhouse gas emissions from the livestock and poultry industries, environmental benefits of edible insect consumption, and high nutritional value of insects are some of the major factors driving the growth of the Global Edible Insects Market.
Roasted, powdered, and dried edible insects are ground into a high-protein and low-calorie flour. Beetles, locusts, crickets, and ants are the most frequent edible insects accessible for food on the market. Generally used in conjunction with a variety of natural ingredients and tastes, these powders are often employed in the preparation of low-calorie energy snacks and bars. Furthermore, the ease of availability, excellent nutritional profile, protein extraction, and cost-effective processing processes are making edible insects popular among customers, which is expected to drive market demand. Consumers are opting for affordable and safe edible insect products due to increased insect farming owing to low investment and growing incidences of animal illnesses. Industry players are constantly spending on R&D and marketing in order to capitalize on developing trends in the beverage and food industries by producing unique products that are expected to enhance edible insect market trends.
The COVID-19 pandemic has posed various hurdles to the food industry, particularly meat product makers throughout the world. The meat processing business has experienced significant obstacles, including the risk of maintaining production, transportation, distribution, and other supply chain operations, a restricted workforce, and product development lags. The postponement of private investment finance and state funding programs has hampered food industry growth even further. These factors are expected to have an influence on the meat products business, increasing demand for alternative sources of protein such as edible insects.
In 2021, the European Food Safety Authority allowed the trade of insects, including yellow mealworms and migrating locusts (Locusta migratoria), for human consumption. Presently, only a few EU nations employ insect-based goods. A region-wide approval is predicted to stimulate the demand and sale of edible insects throughout Europe, offering tremendous prospects for enterprises working in the edible insect industry.
The global Edible Insects market is segmented based on the product, insect type, applications, end-use industry, and region & country level. Based on products, the global Edible Insects market is segmented into whole insects, insect powder, insect meal, and insect oil. By insect type, the market is segmented into black soldier flies, crickets, buffalo worms, mealworms, ants, grasshoppers, cicadas, silkworms, and other edible insects. By applications, the global Edible Insects market is segmented into food & beverages and feed. By end-user, the global Edible Insects market is segmented into human consumption and animal nutrition.
The regions covered in the global Edible Insects market report are North America, Europe, Asia-Pacific, Latin America, and the rest of the World. Based on country level, the market of global Edible Insects is sub divided into U.S., Mexico, Canada, U.K., France, Germany, China, Italy, India, Japan, Southeast Asia, Middle East Asia (Saudi Arabia, UAE, Egypt) GCC, Africa, etc.
Some major key players for the global Edible Insects market report cover prominent players like -
People's dietary habits will drastically change in the future years. With the support of effective, long-term solutions, the globe will be able to ensure both a good quality of life and a healthy planet. As a result, there will be a significant demand for edible insects such as crickets, edible worms, ants, and so on as food in the near future since they are extremely protein-rich and environmentally friendly alternatives to traditional animal products such as beef and pig.
Furthermore, the nutritional content difference between conventional protein powder and edible insect protein powder is a major trend driving market expansion. In terms of production, farming edible insects requires 5 times less water, 8 to 10 times less land, and emits 5 to 10 times fewer greenhouse emissions, all of which are major aspects drawing the interest of more people and governments throughout the globe.
Edible insects are widely available at reasonably priced. They are readily grown and obtained and are put into the daily diet as additions in different forms or as a whole, improving the overall nutritive value of the meal. Furthermore, they require for less post-harvest processing, giving a very cost-effective option to animal products, which are now associated with an increasing number of illnesses. Beetles have the highest volume proportion of all edible insects. Insects provide long-term supplies of proteins and amino acids. They are also high in Omega-3 fatty acids, iron, and minerals. They make excellent supplements for athletes. This fast inclusion of insects in the food and beverage business, along with a drive toward more sustainable methods, is anticipated to provide the market with a significant boost.
Edible insects contain a high protein content and a low environmental impact. Mass-reared insect species, including the black army fly, have received a lot of attention due to their capacity to eat on a variety of substrates, especially organic waste streams. The black soldier fly's capacity to convert organic material into high-quality nutrient content has accelerated the creation of black soldier fly-based ingredients such as protein meal, which is less expensive than soybean or fishmeal meal and can be utilized as an alternative protein source in poultry, pig, and fish feeds. According to the FDA, chicken meat and broiler quail had a suitable flavor, fragrance, and nutritional content when soybeans and fishmeal were substituted with black soldier fly larval meal by 10-56%. Furthermore, the black soldier fly meal is employed as fish feed for Nile tilapia (in varying quantities), resulting in comparable growth performance and feed utilization.
However, in markets like India, cultural beliefs and unfavorable customer perceptions is projected to hinder market expansion. Scarce distribution channels and the lack of a regulatory framework governing the eating of insects are expected to limit market expansion throughout the projected period.
North America is expected to have the highest CAGR over the predicted period. The increased desire for environmentally friendly protein-rich food is increasing the demand for edible insects in this region. Furthermore, increased experience with insects-as-food, reduced food neophobia, and changing attitudes toward insects in general, as well as food, are the main reasons for the rising popularity of edible insects in North America.
The Asia Pacific edible insects market is expanding rapidly, due to increased insect farming and cheap transportation and cost of raw materials. Furthermore, the rising demand for organic ingredients in different convenience food items is one of the key factors propelling the worldwide edible insects market during the projected period.
Several worldwide organizations are investigating the prospect of future alternative food products as a consequence of the environmental implications of population expansion and food supply. Edible insects are one of these choices, which is fueling the need for edible insects as human food as well as animal nutrition. The European Commission authorized migratory locusts in November 2021, categorizing them as "novel foods," while the EU's Food Safety Authority recently announced that dried mealworms are safe to eat.
On April 13th, 2021; Ynsect, a global leader in beneficial insects proteins, finalized its acquisition of Protifarm. With the inclusion of two additional species of mealworms to its portfolio, the integration resulted in an increase in Ynsect’s mealworm manufacturing capacity.
On July 20th, 2022; Lithuanian food-tech firm Divaks has secured €3 million in early investment to expand its high-quality insect-derived components for the food market. With the insect protein market expanding at a rapid rate, Divaks is focused on providing a broad variety of sustainable, traceable components from the yellow mealworm. F arming of insect provides substantial environmental benefits over cattle production, producing fewer greenhouse gas emissions and using less water and land. To provide the most sustainable raising procedure, Divaks utilizes low-value side-streams from native food manufacturers and agri-industry for feed.
On May 26th, 2022; Aspire Food Group announced the building of a new automated manufacturing for processing crickets in Canada. The new Aspire factory would produce 9,000 metric tons of edible bugs for both human and animal use each year.
|Historical data||2016 - 2021|
|Forecast Period||2022 - 2029|
|Market Size in 2021:||USD 144.2 Billion|
|Base year considered||2021|
|Forecast Period CAGR %:||
|Market Size Expected in 2028:||USD 759.3 Billion|
|Tables, Charts & Figures:||175|
|Companies||Protix B.V., Ÿnsect, InnovaFeed, Enterra Feed Corporation, Nutrition Technologies Group, EnviroFlight, LLC, Hargol FoodTech, Entomo Farms, All Things Bugs LLC, Aspire Food Group, EntoCube OY, Beta Hatch, Global Bugs Asia Co., Ltd, Armstrong Crickets Georgia, Cricket Lab Limited, JR Unique Foods, HiProMine S.A., TEBRIO, BioflyTech, Hexafly, nextProtein, and Protenga Pte. Ltd.|
|Segments Covered||By Products, By Insect Type, By Applications, By End-User|
|Regional Analysis||North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa|
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