" Strategically analyzed facts and figures, along with profound business insights covered in the winning Edible Insects Market business report, play a major role in achieving enduring business growth. This industry analysis report provides steadfast knowledge and information about the evolving market landscape, current market conditions, future trends, the competitive environment, and strategies to outshine competitors. An incomparable Edible Insects Market research report identifies general market conditions, trends, inclinations, key players, opportunities, geographical analysis, and many other parameters that help steer businesses in the right direction.
As market research reports gain immense importance in this rapidly transforming marketplace, the DBMR team provides Edible Insects Market research reports in an anticipated manner. The report comprehensively assesses general market conditions, growth prospects, potential restrictions, significant industry trends, market size, market share, sales volume, and future trends. The report is valuable for both traditional and emerging market players in the industry, providing in-depth market insights. Market drivers, restraints, opportunities, and challenges are studied under market overview, offering valuable insights for businesses to make informed decisions.
The global edible insects market is supportive and aims to reduce the risk of transmitting zoonotic diseases with the consumption of edible insects. Data Bridge Market Research analyses that global edible insects market is expected to grow at a CAGR of 24.8% during the forecast period of 2023 to 2030.
Explore Further Details about This Research Edible Insects Market Report https://www.databridgemarketresearch.com/reports/global-edible-insects-market
REPORT METRIC | DETAILS |
Forecast Period | 2023 to 2030 |
Base Year | 2022 |
Historic Years | 2021 (Customizable to 2014 - 2019) |
Quantitative Units | Revenue in Million, Pricing in USD |
Segments Covered | Insect Type (Crickets, Mealworms, Black Soldier Flies, Buffalo's, Grasshoppers, Ants, Silkworms, Cicadas, and Others), Insect Category (Regular Insects, and Premium Diet-Fed Insects), Application (Human Consumption Products, Animal Nutrition, Insect Oil, Pharmaceuticals, Cosmetics, Personal Care, and Others), Distribution Channel (Direct, Indirect) |
Countries Covered | U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Netherlands, Russia, Switzerland, Turkey, Belgium, Denmark, Sweden, Poland, Rest of Europe, China, Japan, India, South Korea, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Vietnam, New Zealand, Rest of Asia-Pacific, Brazil, Colombia, Peru, Rest of South America, South Africa, Saudi Arabia, U.A.E, Ethiopia, Qatar, Kuwait, Rest of the Middle East and Africa |
Market Players Covered | Ynsect, Aspire Food Group, Xiamen Water Life Imp. & Exp. Co. Ltd, BETA HATCH, Fluker's Cricket Farm, Entomo Farms, Invertapro AS, Enviroflight, Insecteo, Kreca Ento-Feed BV, Chapul LLC, Jimini's, Symton Black Soldier Fly, and Armstrong Crickets Georgia among others |
Market Definition
Edible insects constitute high-quality food for humans, livestock, poultry, and fish. As insects are cold-blooded, they have a high food conversion rate. Some insects are a source of complete protein and provide similar essential proteins to the vegetarian diet.
The usage of edible insects for animal feed is being considered for rapid and quick nutritional deficiency among animals. This potential utilization also helps in the mass distribution and scalability of animal feed in a short span of time. The edible insects' animal feed is also sustainable as they play a major role in making the food chain circular.
Global Edible Insects Market Dynamics
Drivers
- Commercial benefit of insect farming
Most edible insects are harvested in the wild, but a few insect species have been domesticated because of their commercially valuable products. Silkworms and bees are the best-known examples. Sericulture, the practice of rearing silkworms for the production of raw silk, has its origin in China.
Insects are also reared in agriculture to either combat insect pests or for pollination. In biological control, large rearing companies mass produce beneficial insects such as predators and parasitoids. These insects are often sold to fruit, vegetable, and flower farmers to combat insect pests and are also used in large estate crops, for instance, egg parasitoids (Trichogramma spp.) and larval parasitoids (Cotesia flavipes) to combat sugarcane borers. Bumblebees (Bombus spp.) and honeybees (Apis spp.) are reared worldwide to help farmers pollinate crops and fruit orchards.
Hence, it can be concluded that the commercial benefits of insect farming are propelling the growth of the Global edible insects market.
- Suitable alternative to high-cost conventional protein sources
The nutritional values of edible insects are highly variable, not least because of the wide variety of species. Like most foods, preparation and processing methods (for instance, drying, boiling, or frying) applied before consumption will also influence the nutritional composition. Nevertheless, because of their nutritional value, they are still a highly significant food source for human populations. Protein content also depends on the feed (for instance, vegetables, grains, or waste).
Grasshoppers in Nigeria that are fed with bran, which contains high levels of essential fatty acids, have almost double the protein content of those fed on maize. The protein content of insects also depends on the metamorphosis stage. Adults usually have higher protein content than instars.
Hence, the use of insect-based proteins as an alternative to high-cost plant and animal-based proteins is anticipated to propel the market's growth in the forecast period.
How Edible Insects Market Report Would Be Beneficial?
- Anyone who are directly or indirectly connected in value chain of Edible Insects Market industry and needs to have Know-How of market trends
- Marketers and agencies doing their due diligence
- Analysts and vendors looking for Edible Insects Market intelligence about Edible Insects Market Industry
- Competition who would like to correlate and benchmark themselves with market position and standings in current scenario
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