Edible Insects Market Share

Edible Insects Market Overview

Edible Insects Market Size was valued at USD 1.41 billion in 2023. The Edible Insects market industry is projected to grow from USD 1.80 Billion in 2024 to USD 10.4 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 24.43% during the forecast period (2024 - 2032). Rising nutritional benefits understanding, young health consciousness, and openness to alternative solutions are the key market drivers enhancing the market growth.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Edible Insects Market Trends

• Growing easy availability and high protein content is driving the market growth

Market CAGR for edible insects is being driven by the growing easy availability and high protein content. Edible insects are quite widely available and reasonably priced. They are readily grown, acquired, and added to the daily diet as additions in different forms or, as a whole, improving the food's total nutritional value. Additionally, these insects undergo very little post-harvest processing, making them an extremely cost-effective substitute for animal meat products.

Beetles make up the highest volume portion of the eatable insect population. Protein and amino acids may be obtained sustainably from insects. They are also abundant in dietary fiber, minerals, Omega-3, and fatty acids. Additionally, it was discovered that the insects were an excellent source of micronutrients, including selenium, iron, zinc, magnesium, manganese, and zinc. Riboflavin, pantothenic acid, biotin, and, in certain instances, folic acid are among the vitamins present in edible insects. Insects are being increasingly incorporated into the food and beverage industries due to their variety of nutritious components. The industry will probably be driven by the rising trend toward sustainable practices in the upcoming years. Edible insects are quite widely available and reasonably priced. They are readily grown, acquired, and added to the daily diet as additions in different forms or, as a whole, improving the food's total nutritional value.

Additionally, these insects undergo very little post-harvest processing, making them an extremely cost-effective substitute for animal meat products. Beetles make up the highest volume portion of the eatable insect population. Protein and amino acids may be obtained sustainably from insects. They are also abundant in dietary fiber, minerals, Omega-3, and fatty acids.

Additionally, it was discovered that the insects were an excellent source of micronutrients, including selenium, iron, zinc, magnesium, manganese, and zinc. Riboflavin, pantothenic acid, biotin, and, in certain instances, folic acid is among the vitamins present in edible insects. Insects are being increasingly incorporated into the food and beverage industries due to their variety of nutritious components. The industry will probably be driven by the rising trend toward sustainable practices in the upcoming years. Thus, driving the Edible Insects market revenue.

Edible Insects Market Segment Insights

Edible Insects Type Insights

Based on type, the Edible Insects market segmentation includes caterpillars, bees, ants, beetles, grasshoppers, crickets, and mealworms. The crickets segment dominated the market, accounting for 37% of market revenue. The high nutritional value and ease of cultivation and processing of crickets, their inclusion in various recipes and food items, and the expanding demand for cricket-based food products, such as protein bars,protein powders,and snacks, are all factors in the growth of the insect market. The rise is also ascribed to its accessibility, affordability, and high protein content, making it a viable option for other protein supplements. Cricket is a sustainable source since it consumes little water, has cheap production costs, and produces little emissions. In turn, this is driving up demand for the good.

Edible Insects Distribution Channel Insights

The edible insects market segmentation, based on distribution channels, includes store-based and non-store-based channels. The store-based distribution channel category generated the most income. The rising demand for insect-derived protein in the animal feed industry, the high nutritional value of insects, the environmental benefits of eating edible insects, the rising greenhouse gas emissions from the livestock and poultry industries, and the low risk of zoonotic disease transmission with edible insect consumption.

Figure 1: Edible Insects Market, by Distribution channel, 2022 & 2032 (USD billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Edible Insects Application Insights

Based on application, the Edible Insects market segmentation includes food & beverages, bakery, snacks, and feed. The food & beverages segment dominated the market.  food scarcity, expanding processed whole insect consumption, and rising end-user demand for high-quality alternative protein and amino acid sources all contribute to the segment's rapid rise. The general use and simple accessibility of the powder form drive them. It may be ingested in any form and used as flour. They are consumed in European nations to improve their flavor by combining them with pizza, cheese, and numerous other foods. Numerous culinary products are made with gluten-free cricket flour, which is driving up demand in the market.

Edible Insects Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American Edible Insects market area will dominate this market; It is anticipated that rising consumer knowledge of the nutritional advantages of invertebrates will fuel product demand throughout the foreseeable timeframe.

Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: EDIBLE INSECTS MARKET SHARE BY REGION 2022 (%)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe's Edible Insects market accounts for the second-largest market share. Due to the rising demand for foods high in protein and the variety of protein sources consumed in European nations, there is a growing interest in the market for edible insects. Due to awareness-raising campaigns and the creation of European legislation, the edible insect and insect-based food business has lately seen a surge in the numbers produced and sold. Over two billion people use insects in their diets worldwide, according to the FAO. Further, the German Edible Insects market held the largest market share, and the UK Edible Insects market was the fastest-growing market in the European Region

The Asia-Pacific Edible Insects Market is expected to grow at the fastest CAGR from 2023 to 2032. The market's expansion is attributed to elements including well-established commercial insect farming markets, particularly in Thailand, the availability of a wide variety of insects and massive production, consumer acceptance of using insects as food and feed, the lack of regulatory restrictions, and the presence of major market players in the area. Moreover, China's Edible Insects market held the largest market share, and the Indian Edible Insects market was the fastest-growing market in the Asia-Pacific region.

Edible Insects Key Market Players & Competitive Insights

The market for edible insects is expected to grow even more as a result of major industry participants spending a lot of money on research and development to diversify their product offerings. Important market developments include new product releases, contractual agreements, mergers and acquisitions, greater investments, and collaboration with other organisations. Market participants are also engaged in a number of strategic actions to broaden their worldwide reach. The edible insect industry needs to supply affordable goods if it wants to grow and thrive in a more cutthroat and challenging environment.

One of the primary strategies adopted by manufacturers in the Edible Insects industry to benefit customers and expand the market sector is local manufacturing to reduce operating costs. In recent years, the Edible Insects industry has offered some of the most significant advantages. Major players in the Edible Insects market, including Bühler Holding AG, InnovaFeed SAS, and others, are attempting to increase market demand by investing in research and development operations.

A worldwide Swiss company called Bühler Holding AG is in Uzwil, Switzerland. It is renowned for its facilities, machinery, and related services for processing food and producing cutting-edge materials. The company enjoys dominant market positions in the technological sector, the production of pasta, chocolate, and die-cast parts, and methods for turning grain into flour and animal feed. The group's primary technological focus areas are mechanical and thermal process engineering. The Bühler Group has operations in more than 140 nations, 12,490 employees working across 30 production facilities, and CHF 2,70 billion in sales in 2021. The business was started in 1860 and is currently run by the same family In March 2019, In order to provide cutting-edge solutions for the insect protein sector, the Swiss business Bühler Holding AG partnered with the Swedish company Alfa Laval AB.

A 2016 startup in France called InnovaFeed SAS created methods for growing and processing insects. It offers products made from insect sources for animal nutrition, particularly aquaculture.InnovaFeed seeks to contribute to the advancement of sustainable aquaculture via the creation of a novel source of protein. Aquaculture and capture fisheries need a growing supply of proteins and fats suitable for fish's nutritional requirements. The goal of InnovaFeed is to establish regional manufacturing networks. This is made feasible because all insects' food comes from agriculture byproducts, which has no other negative effects on using natural resources. In September 2022, with an investment of USD 250 million supported by ADM and Cargill, the French business InnovaFeed has extended the edible insect market by expanding the plant in Decatur, Illinois, where black farm army flies are produced.

Key Companies in the Edible Insects market include

• Thailand Unique


• Nordic Insect Economy Ltd.


• Entomo Farms Ltd


• Kreca Ento-Food BV


• ENTOTECH


• Proti-Farm


• Eat Grub Ltd


• Exo Inc


• Deli Bugs Ltd


• Enviro Flight LLC

Edible Insects Industry Developments

January 2023: By completing the building of Ynfarm, the largest insect farm in the world, Yensect increased its footprint and sped up the supply of its products to customers.

September 2022: Aspire Food Group, a Canadian company famous for its cutting-edge insect agricultural and food technology, and Lotte Confectionery, a prominent South Korean snack and ice cream manufacturer, have signed a memorandum of understanding (MOU) to collaborate the fields of protein alternatives and edible insects.

February 2022: A Singaporean business called FeedWerkz, specializing in insect farming, is launching a line of fully integrated pet meals under Conscious Creatures. Environmentally conscious pet owners love the CC dog treats because they are wholesome, sustainable, and tasty. Insects that have been responsibly generated serve as the main element in pet food items.

Edible Insects Market Segmentation

Edible Insects Type Outlook

• Caterpillars


• Bees


• Ants


• Beetles


• Grasshoppers


• Crickets


• Mealworm

Edible Insects Application Outlook

• Food & Beverages


• Bakery


• Snacks


• Feed

Edible Insects Distribution Channel Outlook

• Store-Based


• Non-Store-Based

Edible Insects Regional Outlook

• North America


• US


• Canada


• Europe


• Germany


• France


• UK


• Italy


• Spain


• Rest of Europe


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America