- Whole Insect
- Insect Powder
- Insect Meal
Edible Insects Market size was estimated at USD 490.8 million in 2021, growing at a CAGR of 19.8% during the forecast period 2022-2028. due to rise in population and increase in demand for the environment friendly proteinaceous food. Moreover, increasing awareness regarding insect feed, changing attitudes towards insects, increasing consciousness towards healthy and protein rich food by the consumers and the less area requirement for the larger quantity and less efforts in farming are the major factors that are driving the growth of the market over the forecast timeframe. This report studies global edible insects market dynamics elaborately to indentify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the global edible insects market report include suppliers, manufacturers, marketers, policy makers, and service providers engaged in global edible insects products.
Fastest Growing Market
Increase in Population is a key factor that drive the global edible insects market. Nowadays due to increase in population, the demand for quality and protein rich food is getting increased. According to United Nations organization, the world population is projected to increase by more than one billion people within the next 15 years, reaching 8.5 billion in 2030, and to increase further to 9.7 billion in 2050 and 11.2 billion by 2100. As the population increases, the demand for food will increase. Moreover, the consumption of unhealthy foods, increasing familiarity with the insect food are major factors that are driving the growth of the industry and global edible insects market over the forecast period.
2021 is the base year and 2028 is the forecast year.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.