Edible insects are roasted, dried, and powdered to form high protein and low-calorie flour. The most common edible insects available for consumption in the market include beetle, locusts, cricket, and ants. These powders are widely used in preparing low-calorie energy bars and snacks owing to their compatibility with various natural ingredients and flavors. Also, easy availability, protein extraction, high nutritional profile, and economic processing techniques are making edible insects popular among consumers which are likely to boost market demand.
The edible Insect Market size is projected to reach USD 645.2 Million units by 2027 from an estimated USD 355.3 Million unit in 2019, growing at a CAGR of 22.4% globally.
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The Major Players In The Edible Insect Market Include: HaoCheng Mealworms, Agriprotien Technologies, Chapul, Thailand Unique, Six Foods, Crowbar Protein, Bugsolutely, Crik Nutrition, Gathr Foods,Hexafly, Innova Feed, HiProMine
Market has segmented the global Edible Insect market on the basis of type, application, and region: The Edible Insect market is segmented by type and application. Growth between segments over the period 2022-2028 provides accurate calculations and forecasts of revenue by type and application in terms of volume and value. This analysis can help you expand your business by targeting eligible niches.
By Type: Insect Flour, Cookies, Chocolate, Tortilla Style Chips, Insect Protein Bar And Shakes, Insect Meal, Snacks, Insect Beverages, Oils, Others By Application: Human Consumption, Animal Feed, Cosmetics, Pharmaceuticals, Others By Regional Outlook (Revenue, USD Billion, 2017 – 2028)
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
Middle East & Africa (GCC Countries, South Africa, Rest of MEA)
South America (Brazil, Argentina, Rest of South America)
Covid-19 Impact and Recovery Analysis on Industry: The COVID-19 pandemic has had devastating effects on several industry verticals globally. To constrain the number of cases and slow the coronavirus spread, various public health guidelines were implemented in different countries across the globe. COVID-19 protocols ranging from declaring national emergency states, enforcing stay-at-home orders, closing nonessential business operations and schools, banning public gatherings, imposing curfews, distributing digital passes, and allowing police to restrict citizen movements within a country, as well as closing international borders. With the growing vaccination rate, governments are uplifting the protocols to give a boost to the stagnant economy. Like other industries, Edible Insect Market have experienced slowdown the growth, however market is expected bounce back as restrictions are being lifted up by governments across the globe.
Report covered the major key points:
Explore key findings of the overall market
Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
Market forecasts for a minimum of 7years, along with 5 years of historical data for all segments, sub-segments, and regions
Market Segmentation caters to a thorough assessment of key segments with their market estimations
Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments