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Edible Insects Market Expect to Reach Us$ 17.6 Billion by 2032
6 months ago
3 min read

Edible Insects Market Expect to Reach Us$ 17.6 Billion by 2032

Fact.MR has provided detailed information about the price points of key manufacturers of edible insects positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report

The market for edible insects worldwide was valued at US$ 1.5 billion in 2022, and by the end of 2032, it is expected to grow at a CAGR of 18.5% to reach US$ 8 billion. By 2032, the market for edible insects will have grown by more than 3% due to human usage.

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The appeal of eating insects will grow as the demand for animal-based food and feedstuff rises in order to meet dietary needs. In addition, edible insects are a worthwhile choice to bridge the distance between the growing population and the global hunger problem. The number of people who regularly eat insects is thought to be around 2 billion people throughout the globe.

Furthermore, government programs addressing escalating environmental problems will open up opportunities for sustainable insect cultivation. The market will expand as farming, semi-domestication, and wild-gathering methods are used to produce edible insects.

Key Companies Profiled

  • Thailand Unique

  • Kreca Ento-Food BV

  • Nordic Insect Economy Ltd.

  • Entomo Farms Ltd.

  • Enviro Flight, LLC

  • ynsect

  • Exo protein

  • Protix

  • Deli Bugs Ltd.

  • Eat Grub Ltd.

The scope of the global Edible Insects market study includes cost and profit for the specified market segments, pricing comparisons between key players, and market situations. Due to the constant acceleration of globalization, many businesses require international market research to assist in decision-making and deliver actionable market insights. Businesses may benefit from using the market restrictions and industry drivers discussed in this market study report to better grasp the production strategy. In addition, no sales pitch is made to the responders while the data is being evaluated, and their identities are kept a secret. This Edible Insects market study discusses the production process, product type, and applications.

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Market share analysis of edible insects based on insect type and region. Under the insect type segment, the black soldier flies sub-segment dominates with 39.4% market share in 2022

Segmentation of Edible Insects Industry Research

  • By Insects Type:

    • Black Soldier Flies

    • Beetles

    • Caterpillars

    • Hymenoptera

    • Orthoptera

    • True Bugs

    • Others

  • By Product Type :

    • Whole

    • Ingredients

  • By Form :

    • Whole Frozen

    • Whole Dried

    • Powder

  • By End Use :

    • Human Consumption

    • Animal Nutrition

  • By Distribution Channel :

    • Online

      • Brand Websites

      • e-Commerce Platforms

    • Offline

      • Retail Shops

      • Supermarkets/Hypermarkets

      • Specialty Stores

      • Direct Sales

  • By Region :

    • North America

    • Latin America

    • Europe

    • East Asia

    • South Asia & ASEAN

    • Oceania

    • MEA

According to Fact MR provides an overview of the market’s size based on key regions, end-user applications, products, and kinds. The Edible Insects Market Covers research then delves into the profiles of the major players, including their growth strategies, pricing policies, profit margins, and analyses of their value chains and production processes. The knowledge contained in this report serves as a solid foundation for the projections made over the forecast period.

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