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Edible Insects Market Share, Size, and Growth Forecast: 12.4% CAGR (2024-30)

Edible Insects Market

Global Edible Insects Market Insights Report Overview

According to the latest market study by MarkNtel Advisors titled “Global Edible Insects Market: Industry Size, Share, Trends, Growth, Opportunity Analysis 2024-2030” presents a thorough examination of market drivers, opportunities and challenges.

Utilizing a quantitative approach, it offers precise insights into market size, share, and growth. Crafted by industry experts, the report delves into consumption patterns, geographical analysis, and competitive landscapes. Its objective is to furnish valuable insights for clients seeking to comprehend and leverage market dynamics. With a dual focus on historical achievements and future projections, it furnishes a nuanced understanding of the market terrain.

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Edible Insects Market Overview:

The Global Edible Insects Market size was valued at around USD 2.8 Billion in 2022 and is projected to grow at a CAGR of around 12.4% during the forecast period, i.e., 2024-30.

Global Edible Insects Market Challenge:

Lack of Clear & Consistent Regulatory Frameworks Hindering Market Growth – A major obstacle confronting the Global Edible Insects Market is the absence of well-defined and uniform regulatory structures. In numerous regions across the globe, the edible insect industry functions inside a regulatory gray area, in contrast to traditional food sources that are subject to well-defined rules regarding their cultivation, handling, and dissemination. Businesses that grow, prepare, and sell edible insects face major challenges as a result of this uncertainty.

Competitor Insight: Edible Insects Market

This report focuses on major market participants like:

  • AgriProtein Technologies
  • Aspire Food Group
  • All Things Bugs
  • Beta Hatch
  • Bioflytech
  • DeliBugs Ltd.
  • Eat Grub Ltd.
  • Thailand Unique
  • Nordic Insect Economy Ltd.
  • Kreca Ento – Food BV
  • Entomo Farms Ltd.
  • Protifarm NV
  • EnviroFlight LLC
  • EntoCube, Ltd.
  • Entomo Farms
  • Haocheng Mealworm Inc.
  • Hargol FoodTech
  • Ÿnsect SAS
  • Others

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Segmentation Summary: Edible Insects Market

This segmentation analysis outlines prominent sections in the report’s table of contents. Each segment undergoes thorough analysis, including sub-segments, to showcase both current and historical market sizes. The analysis underscores investment opportunities for rapid growth, particularly in the Edible Insects Market, with notable highlighting on:

-By Product Type

  • Whole Insects
  • Insect Powder
  • Protein Bars

Here, insect powder & protein bars altogether accounted for the largest market share in the past few years, owing prominently to their hassle-free transportation, storage, handling, & application. Insects in powdered form are convenient to consume, easily available worldwide, and can be stored at room temperature. In many countries, people usually consume insect powder by mixing it with various other food items for enhanced taste.

-By Insect Type

  • Crickets- Market Size & Forecast 2019-2030, (USD Million)
  • Mealworms- Market Size & Forecast 2019-2030, (USD Million)
  • Black Soldier Flies- Market Size & Forecast 2019-2030, (USD Million)
  • Buffalo’s- Market Size & Forecast 2019-2030, (USD Million)
  • Grasshoppers- Market Size & Forecast 2019-2030, (USD Million)
  • Ants- Market Size & Forecast 2019-2030, (USD Million)
  • Silkworms- Market Size & Forecast 2019-2030, (USD Million)
  • Cicadas- Market Size & Forecast 2019-2030, (USD Million)
  • Beetles- Market Size & Forecast 2019-2030, (USD Million)
  • Caterpillar- Market Size & Forecast 2019-2030, (USD Million)
  • Others- Market Size & Forecast 2019-2030, (USD Million)

-By End User

  • Human Consumption- Market Size & Forecast 2019-2030, (USD Million)
  • Animal Feed- Market Size & Forecast 2019-2030, (USD Million)
  • Agriculture- Market Size & Forecast 2019-2030, (USD Million)

Edible Insects Market Geographical Reach:

  • North America
  • South America
  • Europe
  • The Middle East & Africa
  • Asia-Pacific

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Key Questions Addressed:

  • Factors Driving Market Growth: Understand the primary drivers propelling the Edible Insects market forward.
  • Access to Reliable Reports: Learn where to access dependable market reports for informed decision-making.
  • Growth Projections: Gain insights into anticipated growth projections for the coming years.
  • Geographical Hotspots: Identify geographical poised for significant market growth soon.

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