The global edible insects market is expected to grow from USD 0.25 billion 2017 to USD 1.39 billion by the end of 2024 at a Compound Annual Growth Rate (CAGR) of 27.80%.
"Rising popularity of canned edible insects due to high nutrition value that it carries
is one of the factors largely attributing to the growth of edible insects market globally"
The factors attributing to the growth of the market are rising popularity of canned edible insects due to high nutrition value that it carries, increasing demand in feed usage considering most resource-intensive parts of livestock farming, positioning as a superfood by the leading end-use product manufactures, and emerging as a comparatively cheaper protein source. However, some factors such as keeping cost low, and lack of know-how and standardization towards mass production may hinder the market growth. The global edible insects market is expected to showcase the opportunities such as booming insect-food start-ups, and increasing market prospects for non-gmo and organic certified products. In the near future, the market may face the possible challenges in the growth due to stereotypes discouraging consumption in developed economies, and ambiguously defined regulatory framework. However, the key players in the market are putting regressive efforts to provide innovative offerings and benchmark strategies in the global edible insects market market."Freeze-Dried Insects: The highest growing form for the global edible insects market"
On the basis of form, the global edible insects market is studied across Deep Frozen Insects, Freeze-Dried Insects, Live Insects, and Roasted. Among all these form, the Freeze-Dried Insects is projected to hold the largest market share while the Live Insects has the potential to grow the market with the highest CAGR in the forecast period."Crickets: The highest growing type for the global edible insects market"
On the basis of type, the global edible insects market is studied across Ants, Beetles, Crickets, Grasshoppers, Mealworms, Palm weevils, Sago worms, Scorpions, Silk Moth Pupae, Super warms, Tarantula, and Waxworms. Among all these type, the Crickets is projected to hold the largest market share while the Ants has the potential to grow the market with the highest CAGR in the forecast period."Animal Feed: The highest growing application for the global edible insects market"
On the basis of application, the global edible insects market is studied across Animal Feed, Insect Catering, Nutritional Bars & Drinks, and Pet Food. Among all these application, the Animal Feed has captured the maximum market share while the Nutritional Bars & Drinks has the opportunity to emerge with the highest CAGR."Offline Mode: The highest growing distribution channel for the global edible insects market"
On the basis of distribution channel, the global edible insects market is studied across Offline Mode and Online Mode. Among all these distribution channel, the Offline Mode has captured the maximum market share while the Online Mode has the opportunity to emerge with the highest CAGR."Asia-Pacific: The highest growing geography for the global edible insects market"
On the basis of geography, the global edible insects market is studied across Americas, (United States, Brazil, Canada, Mexico, and Argentina) Europe, Middle East & Africa, (United Kingdom, Germany, France, Saudi Arabia, United Arab Emirates, Italy, and Russia) and Asia-Pacific (China, Japan, India, and Australia). Among all these geography, the Americas is showing the maximum growth in the near future with the highest CAGR while the Asia-Pacific is dominating the market with highest market size.
"Beetlejelly: The potential growing player for the global edible insects market"
The key players profiled in the global edible insects market are Beetlejelly, Bitty Foods, Bugsolutely Ltd., Deli Bugs Ltd., Eat Grub Ltd, Ento Tech, Entomo Farms Ltd., Enviro Flight LLC, Essento, Exo Inc., Kreca Ento - Food BV, Proti - Farm, and Thailand Unique.
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on sulfuric acid offered by the key players in the global edible insects market.
2. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and new product developments in the global edible insects market.
3. Market Development: Provides in-depth information about lucrative emerging markets and analyzes the markets for the global edible insects market.
4. Market Diversification: Provides detailed information about new products launches, untapped geographies, recent developments, and investments in the global edible insects market.
5. Competitive Assessment & Intelligence: Provides exhaustive assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the global edible insects market.