Analysis of Edible Insect Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
A recently updated study by proficient analysts at Fact.MR reveals that the global edible insect market is projected to reach a value of US$ 653.3 million in 2024. Worldwide revenue from the sales of edible insects has been forecasted to rise at a CAGR of 5.3% and reach US$ 1.09 billion by the end of 2034.
Accelerating demand for animal-based food and feed, owing to a larger population base, is pushing the sales of edible insects as a source of food. Growing requirements for edible insects are leading to the development of new technologies, which are utilized for harvesting insects more effectively. In addition to insect harvesting, several companies are also actively working on the storage of edible insects to keep them fresh for a longer duration.
Several insect species contain a substantial amount of lipids, vital proteins, and vitamins, which is contributing to their growing use in different foods, feeds, and drinks. The high nutritional profile of these insects is contributing to their increased consumption as a pivotal part of routine diets.
Government bodies are also taking initiatives with rising environmental issues, which are creating greater prospects for manufacturers involved in sustainable insect farming. Increased adoption of wild harvesting, semi-domestication, and advanced farming techniques to produce edible insects will drive the market forward over the coming years.
People have become increasingly cautious about the adverse effects caused on human health because of greenhouse gas emissions. This is further leading to the rising preference for protein options with minimal environmental emission, which is a positive edible insect market trend.
| Report Attribute | Detail |
|---|---|
| Edible Insect Market Size (2024E) | US$ 653.3 Million |
| Forecasted Market Value (2034F) | US$ 1.09 Billion |
| Global Market Growth Rate (2024 to 2034) | 5.3% CAGR |
| North America Market Share (2034F) | 24.3% |
| Market Share of Beetles (2034F) | 35.2% |
| Japan Market Growth Rate (2024 to 2034) | 5.8% CAGR |
| Key Companies Profiled | Enviro Flight, LLC; Thailand Unique; Ynsect; Eat Grub Ltd.; Kreca Ento-Food BV; Deli Bugs Ltd.; ENTOTECH; Nordic Insect Economy Ltd.; Protix; Entomo Farms Ltd.; Proti-Farm; Aspire Food Group; Exo Protein. |
“Expanding Worldwide Trend of Leading Healthy Lifestyle”
Edible insects are consumed highly in several countries, such as China, Thailand, and others. These insects are also consumed as a part of street food in the abovementioned countries. An increased preference for edible insects is also stimulating companies to offer packed insects as a whole in raw, BBQ, and dried forms. Companies are also focusing on offering food-grade certified insects to increase their consumption. Several activities, such as insect harvesting need comparatively less investment. In addition, it is also considered a new way used by companies to provide insects with improved nutritional value.
“Commercial Benefits Associated with Insect Farming”
Several countries are focusing on imposing certain guidelines on increasing the consumption of edible insects, thereby stimulating their adoption as a vital part of food security. Edible insects are farmed and grown quickly in larger quantities in smaller areas. Furthermore, the accelerating demand for edible insects is because of the several benefits provided by them. Edible insects are manufactured with the adoption of semi-domestication, farming, and harvesting, even with minimal investments.
“Regulatory Challenges Limiting Demand and Consumption of Edible Insects”
The safety and quality are vital for edible insects. Several edible insect manufacturers need to adhere to outlined principles as per set regulations. Individual food/feed business operators bear responsibilities for the safety of end products, thereby bearing some additional expenses on matching regulations, subsequently increasing the final cost of eatables.
“Concerns Related to Health Risks and Safety of Eating Insects”
Several individuals are consuming insects as a conventional food, but there is very little information about their negative impacts on the human body. However, increasing concerns related to food allergies are creating hesitation about edible insect consumption. For instance,
“Use of Advanced Technology Opening New Avenues for Startups”
Some advanced techniques are utilized by producers for edible insects for breeding purposes. Technologies, such as IoT and other emerging technologies are utilized by several new market players for streamlining the insect breeding process for the production of more effective and efficient food. The adoption of several cutting-edge technologies for creating insect-based products and insect breeding is increasing the profit share of startups.
According to the recently updated analysis by Fact.MR, a market research and competitive intelligence provider, North America is evaluated to hold 24.3% of the global edible insect market share by 2034-end. The rising consumer shift to alternative protein sources for fulfilling nutritional requirements for maintaining healthy functioning of the body is creating prospects for market players in the region. Increasing emphasis on diet optimization is also resulting in increased consumption of edible insects as high-protein options.
“Government Initiatives Promoting Edible Insects as Excellent Protein Source”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 69.5 Million |
| Growth Rate (2024 to 2034) | 5.7% CAGR |
| Projected Value (2034F) | US$ 121.3 Million |
The United States is projected to contribute 45.6% share of the North American market by the end of 2034. The government in the country is promoting insect consumption among more consumers owing to their high nutritional profile. These initiatives are further paving the way for the increased adoption of edible insects in the country.
“Higher Acceptance Rate of Edible Insects for Their Nutritional Value”
| Attribute | China |
|---|---|
| Market Value (2024E) | US$ 71.6 Million |
| Growth Rate (2024 to 2034) | 5.3% CAGR |
| Projected Value (2034F) | US$ 120.1 Million |
China is forecasted to occupy a share of 47.5% of East Asia by 2034. There is an increased acceptance of edible insects among a larger consumer base for their higher nutritional profile. More than 174 species, such as feed, medical, and edible are accessible to consumers, which is further contributing to the expanding edible insect market size in the country. Further, growing consumption of these insects as cultural or conventional meals in the country is exhibiting noteworthy growth.
“Accelerating Consumption of Functional Foods across the Country”
| Attribute | Japan |
|---|---|
| Market Value (2024E) | US$ 42.3 Million |
| Growth Rate (2024 to 2034) | 5.8% CAGR |
| Projected Value (2034F) | US$ 74.4 Million |
Japan is approximated to account for 29.4% share of East Asia by the end of 2034. More people in Japan are consuming functional food products for their high nutritional value. An increasing demand for edible insects as protein supplements is creating prospects for market players in Japan.
As mentioned in Fact.MR report, the growing consumption of beetles by more individuals is attributed to their high mineral, vitamins, proteins, and good fat profile. Compared to conventional livestock, such as poultry or cattle, they are promoted as one of the alternative sustainable protein sources.
“Increasing Preference for Dried Edible Insects for Low Carbohydrates and Rich Protein Profile”
| Attribute | Dried Edible Insects |
|---|---|
| Segment Value (2024E) | US$ 521.3 Million |
| Growth Rate (2024 to 2034) | 5.4% CAGR |
| Projected Value (2034F) | US$ 881.4 Million |
Dried edible insects are analyzed to hold a share of 80.5% of the global market by 2034. Several people benefit from the consumption of dried edible insects as they are low in carbohydrates and rich in protein. In addition, certain essential minerals, such as zinc, iron, magnesium, and calcium are contained in these eatables, thereby contributing to rising popularity. Moreover, they are also rich sources of unsaturated fat, which is believed to be a healthier fat source than saturated fat.
“Surging Consumption of Beetles for High Nutritional Profile”
| Attribute | Beetles |
|---|---|
| Market Value (2024E) | US$ 229.3 Million |
| Growth Rate (2024 to 2034) | 5.3% CAGR |
| Projected Value (2034F) | US$ 385.4 Million |
Beetles are projected to possess 35.2% of the global market revenue share by the end of 2034. A wide variety of raw and cooked insects are consumed at a larger scale. Their rich profile of fiber, essential minerals, protein, and healthy fats is contributing to increased consumption. Among several available insect options, beetles and their larvae are consumed at a significant rate owing to the presence of high amounts of vitamins, minerals, and proteins same as meat and fish.
Key players in the edible insect market are aiming for cutting-edge approaches and global expansion for insect breeding. They are involved in the introduction of flexible and competitive insect processing and production technologies and investing in extensive R&D activities for increasing the productivity and quality of edible insects.
For instance :
Fact.MR provides detailed information about the price points of key companies in the edible insect market positioned across the world, sales growth, production capacity, and speculative technological expansion, in this recently updated market report.
What is the size of the edible insect market in 2024?
The global edible insect market is expected to reach US$ 653.3 million in 2024.
What are the sales projections for edible insects by 2034?
Worldwide sales of edible insects are analyzed to reach US$ 1.09 billion by 2034.
At what rate is the market for edible insects projected to expand?
The global market is forecasted to expand at a CAGR of 5.3% from 2024 to 2034.
What is the contribution of North America to global market revenue?
North America is approximated to hold 24.3% of the global market share by 2034.
At what rate is the demand for edible insects evaluated to increase in South Korea?
The market in South Korea is evaluated to accelerate at 6% CAGR through 2034.
What is the market scenario for dried edible insects?
Global sales of dried edible insects are projected to rise at 5.4% CAGR and reach US$ 881.4 million by 2034.
Who are some of the leading market players?
Some of the prominent market players are Enviro Flight, LLC, Thailand Unique, Ynsect, Eat Grub Ltd., and Deli Bugs Ltd.
What is the use of edible insects?
Edible insects are identified as a vital protein source, which also have a rich nutritional profile same as cattle or meat.
Edible Insect Market