The global edible insects market is on track to revolutionize the protein industry, driven by high demand for sustainable, protein-rich food options.
According to a comprehensive report published by Meticulous Research®, the edible insects market is set to experience robust growth, projected to reach $17.9 billion by 2033 at an impressive CAGR of 28.6% from 2024 to 2033. This shift reflects a global trend toward sustainable and environmentally friendly protein sources. In terms of volume, the market is expected to hit 4.7 million tons by 2033, growing at a CAGR of 36.3% from 2024 to 2033.
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Rising Demand for Sustainable Protein Drives Market Growth
The edible insects market’s remarkable growth is driven by several factors, including the high nutritional value of insects, their minimal environmental impact, and the increasing demand for alternative protein sources in animal feed and human consumption. Growing greenhouse gas emissions from traditional livestock farming have encouraged consumers and businesses to explore insect-based protein as a viable, sustainable alternative. Insects like crickets, black soldier flies, and mealworms are nutrient-rich, protein-dense, and sustainable, making them an attractive choice for eco-conscious consumers.
For those interested in the market forecast, a detailed breakdown is available in the report. https://www.meticulousresearch.com/download-sample-report/cp_id=5156
Key Market Segments
The market segmentation includes product type, insect type, application, and end use:
- By Product: The market is divided into whole insects, insect powder, insect meal, and insect oil. Whole insects are expected to hold the largest share (46.3%) in 2024, driven by cost-effectiveness and high adoption rates in the animal feed industry.
- By Insect Type: Crickets lead the segment with a projected 53.3% market share in 2024 due to their nutritional value, ease of farming, and growing consumer acceptance. Crickets have become popular ingredients in products like protein bars and powders.
- By Application: The food & beverage segment is set to dominate, spurred by high nutritional demand and consumer interest in protein-packed, sustainable foods.
- By End Use: Human consumption and animal nutrition are two main segments, with the human consumption category expected to capture 55.4% of the market in 2024. However, animal nutrition is anticipated to grow fastest, especially with the increased use of insect protein in aquaculture and pet food.
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Regional Analysis
The edible insects market is geographically segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The Asia-Pacific region is expected to capture the largest market share in 2024, driven by a long-standing acceptance of insect consumption, particularly in Thailand, and significant insect production capacities. Europe is also a major market, supported by a positive regulatory environment and the presence of leading insect farming companies.
Industry Challenges and Opportunities
The edible insects market, while promising, faces some challenges. Psychological and ethical barriers around insect consumption persist, particularly in Western markets. Regulatory complexities, lack of awareness regarding insect-based nutrition, and allergenic concerns also pose hurdles to growth. Nevertheless, these obstacles open doors for companies to innovate through consumer education, product diversification, and regulatory collaborations.
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Competitive Landscape
The report identifies leading companies that are shaping the edible insects market landscape, including:
- Protix B.V. (Netherlands)
- Ÿnsect SAS (France)
- InnovaFeed SAS (France)
- EnviroFlight, LLC (U.S.)
- Nutrition Technologies Group (Singapore)
- Bioflytech S.L. (Spain)
These companies are pioneering advancements in insect farming and processing technologies. With the entry of new players and investments from venture capitalists, the edible insect sector is experiencing rapid transformation, particularly in regions like Europe, North America, and Asia-Pacific. Many companies are focusing on scaling up production and optimizing their supply chains to meet the rising demand for edible insect products.
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Future Outlook
The global edible insects market is evolving rapidly, aligning with consumer preferences for environmentally sustainable and nutritious food sources. With increasing investments and expanding applications in both human food and animal feed, the edible insects market offers promising growth potential. Expanding into developed economies will be critical for scaling operations and normalizing insect-based diets among consumers.
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