Global Edible Insect Market Key Factors, SWOT Analysis, Future Forecast 2028
Global Edible Insect Market was valued at USD 191.87 Million in 2021 and is expected to reach USD 789.72 Million by the year 2028, at a CAGR of 22.4%.
Edible insects are those which are used for consumption for human being and animal as nutrition. There are different varieties of insects available in nature which are edible to human as meal and snacks. With increasing demand for animal-based food and protein to provide large number of populations, insects are being used as source of meal and protein. Additionally, gaining popularity to edible insect-based food such as whole insect, cookies, snacks, tortilla style chips, insect protein bar, oils and others triggered the global edible insect market growth during projected period. For instance, according to Food and Agriculture Organizations (FAO), ants, beetles, grasshopper, bees, and crickets are few of the most generally relished about 1400 insect species use as food by the humans worldwide. Furthermore, edible insects are processed by different methods such as drying, roasting, steaming, curing, and others to obtain flour, low calorie protein that is used for low calorie energy bars and snacks.
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Another factor that is driving the growth in this market is growing awareness about personal hygiene and beauty care among people. With more than half of the world’s population living in urban areas, there has been an increase in awareness about personal care routines such as skin and hair care, The growth of the market is attributed to the growing demand for natural and organic products in the cosmetics industry. Edible Insect are natural and organic products, which are gaining popularity among consumers because they are more suitable for sensitive skin.
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Leading Key Players Covered Edible Insect Market:
· HaoCheng Mealworms
· Agriprotien Technologies
· Chapul
· Thailand Unique
· Six Foods
· Crowbar Protein
· Bugsolutely
· Crik Nutrition
· Gathr Foods
· Hexafly
· Innova Feed
· HiProMine
· Protix
· Entomo Farms
· Envirofloght
· Ynsect and other major players.
The report is a compilation of first-hand information, qualitative and quantitative assessments from industry analysts, and input from industry experts and industry participants across the value chain. The report provides an in-depth analysis of major market trends, macroeconomic indicators, and driving factors along with market attractiveness based on segments. The report also maps the conditional impact of various market factors covering market segments and geographies.
Segmentation of Edible Insect Market:
By Insect Type
· Rhinoceros Beetles
· Ants
· Grasshopper
· Silkworms
· Crickets
· Others
By Product
· Whole Insect
· Powder
· Bar
· Others
By Application
· Human Consumption
· Animal Feed
· Cosmetics
· Pharmaceuticals
· Others
By Region
· North America (U.S., Canada, Mexico)
· Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
· Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
· Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
· South America (Brazil, Argentina, Rest of SA)
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This report covers the data of the major players, including shipments, revenue, gross profit, interview record, business distribution, etc. These data help the consumer to know the competitors better. for all the extensive players associated with the global Edible Insect Market. Other key parameters include the location of the plant, the technology source, the processing industry, and contact information, among others.
Influence of the Report:
· A comprehensive evaluation of all the opportunities and risks in the Edible Insect market.
· Recent innovations and major developments in the Edible Insect market.
· A detailed study of the business strategy for the growth of the player leading in the market.
· The definitive study on the future growth of the market.
· In-depth understanding of the Edible Insect market-specific drivers, constraints and key micro markets.
· Favourable technology and market latest trends to hit the market.
Table of content:
Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
3.1 By Insect Type
3.2 By Product
3.3 By Application
Chapter 4: Market Landscape
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Supplier
4.1.2 Threat of New Entrants
4.1.3 Threat of Substitutes
4.1.4 Competitive Rivalry
4.1.5 Bargaining Power Among Buyers
4.2 Industry Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.5.4 Challenges
4.4 Pestle Analysis
4.5 Technological Roadmap
4.6 Regulatory Landscape
4.7 SWOT Analysis
4.8 Price Trend Analysis
4.9 Patent Analysis
4.10 Analysis of the Impact of Covid-19
4.10.1 Impact on the Overall Market
4.10.2 Impact on the Supply Chain
4.10.3 Impact on the Key Manufacturers
4.10.4 Impact on the Pricing
Chapter 5: Edible Insect Market by Insect Type
5.1 Edible Insect Market Overview Snapshot and Growth Engine
5.2 Edible Insect Market Overview
5.3 Rhinoceros Beetles
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size (2016-2028F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Rhinoceros Beetles: Geographic Segmentation
5.4 Ants
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size (2016-2028F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
To Be Continued.
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