Product Code: IRTNTR71637
The edible insects market is forecasted to grow by USD 11422.9 mn during 2023-2028, accelerating at a CAGR of 46.02% during the forecast period. The report on the edible insects market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing food shortage across the globe, high nutritional value derived from insects, and low cost of insect rearing.
Technavio's edible insects market is segmented as below:
Market Scope |
Base Year | 2024 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 32.78% |
CAGR | 46.02% |
Incremental Value | $11422.9mn |
By Application
- Human consumption
- Animal nutrition
- Cosmetics and pharmaceuticals
By Product Type
- Whole insects
- Insect powder
- Insect meal
By Geographical Landscape
- APAC
- North America
- Europe
- Middle East and Africa
- South America
This study identifies the use of edible insects in processed foods as one of the prime reasons driving the edible insects market growth during the next few years. Also, increasing concerns about food safety and growing knowledge about the benefits of edible insects will lead to sizable demand in the market.
The report on the edible insects market covers the following areas:
- Edible insects market sizing
- Edible insects market forecast
- Edible insects market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading edible insects market vendors that include All Things Bugs LLC, Armstrong Crickets Georgia, Aspire Food Group, Beta Hatch, Bioflytech, Darling Ingredients Inc., Eat Grub, Edible Bug Shop, Entomo Farms, Global Bugs Asia Co. Ltd., Hargol FoodTech, HEXAFLY, Innovafeed SAS, JR Unique Foods Ltd., MealFood Europe SL, nextProtein SA, Nutrition Technologies, Protenga Pte. Ltd., Protix BV, and Ynsect SAS. Also, the edible insects market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market By Geographical Landscape
- Executive Summary - Chart on Market Segmentation by Application
- Executive Summary - Chart on Market Segmentation by Product Type
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
- 2.2 Market characteristics
- Market characteristics analysis
- 2.3 Value chain analysis
3 Market Sizing
- 3.1 Market definition
- Offerings of companies included in the market definition
- 3.2 Market segment analysis
- 3.3 Market size 2023
- 3.4 Market outlook: Forecast for 2023-2028
- Chart on Global - Market size and forecast 2023-2028 ($ million)
- Data Table on Global - Market size and forecast 2023-2028 ($ million)
- Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
- 4.1 Global Edible Insects Market 2018 - 2022
- Historic Market Size - Data Table on Global Edible Insects Market 2018 - 2022 ($ million)
- 4.2 Application segment analysis 2018 - 2022
- Historic Market Size - Application Segment 2018 - 2022 ($ million)
- 4.3 Product Type segment analysis 2018 - 2022
- Historic Market Size - Product Type Segment 2018 - 2022 ($ million)
- 4.4 Geography segment analysis 2018 - 2022
- Historic Market Size - Geography Segment 2018 - 2022 ($ million)
- 4.5 Country segment analysis 2018 - 2022
- Historic Market Size - Country Segment 2018 - 2022 ($ million)
5 Five Forces Analysis
- 5.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
- 5.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
- 5.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
- 5.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
- 5.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
- 5.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
- 5.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Application
- 6.1 Market segments
- Chart on Application - Market share 2023-2028 (%)
- Data Table on Application - Market share 2023-2028 (%)
- 6.2 Comparison by Application
- Chart on Comparison by Application
- Data Table on Comparison by Application
- 6.3 Human consumption - Market size and forecast 2023-2028
- Chart on Human consumption - Market size and forecast 2023-2028 ($ million)
- Data Table on Human consumption - Market size and forecast 2023-2028 ($ million)
- Chart on Human consumption - Year-over-year growth 2023-2028 (%)
- Data Table on Human consumption - Year-over-year growth 2023-2028 (%)
- 6.4 Animal nutrition - Market size and forecast 2023-2028
- Chart on Animal nutrition - Market size and forecast 2023-2028 ($ million)
- Data Table on Animal nutrition - Market size and forecast 2023-2028 ($ million)
- Chart on Animal nutrition - Year-over-year growth 2023-2028 (%)
- Data Table on Animal nutrition - Year-over-year growth 2023-2028 (%)
- 6.5 Cosmetics and pharmaceuticals - Market size and forecast 2023-2028
- Chart on Cosmetics and pharmaceuticals - Market size and forecast 2023-2028 ($ million)
- Data Table on Cosmetics and pharmaceuticals - Market size and forecast 2023-2028 ($ million)
- Chart on Cosmetics and pharmaceuticals - Year-over-year growth 2023-2028 (%)
- Data Table on Cosmetics and pharmaceuticals - Year-over-year growth 2023-2028 (%)
- 6.6 Market opportunity by Application
- Market opportunity by Application ($ million)
- Data Table on Market opportunity by Application ($ million)
7 Market Segmentation by Product Type
- 7.1 Market segments
- Chart on Product Type - Market share 2023-2028 (%)
- Data Table on Product Type - Market share 2023-2028 (%)
- 7.2 Comparison by Product Type
- Chart on Comparison by Product Type
- Data Table on Comparison by Product Type
- 7.3 Whole insects - Market size and forecast 2023-2028
- Chart on Whole insects - Market size and forecast 2023-2028 ($ million)
- Data Table on Whole insects - Market size and forecast 2023-2028 ($ million)
- Chart on Whole insects - Year-over-year growth 2023-2028 (%)
- Data Table on Whole insects - Year-over-year growth 2023-2028 (%)
- 7.4 Insect powder - Market size and forecast 2023-2028
- Chart on Insect powder - Market size and forecast 2023-2028 ($ million)
- Data Table on Insect powder - Market size and forecast 2023-2028 ($ million)
- Chart on Insect powder - Year-over-year growth 2023-2028 (%)
- Data Table on Insect powder - Year-over-year growth 2023-2028 (%)
- 7.5 Insect meal - Market size and forecast 2023-2028
- Chart on Insect meal - Market size and forecast 2023-2028 ($ million)
- Data Table on Insect meal - Market size and forecast 2023-2028 ($ million)
- Chart on Insect meal - Year-over-year growth 2023-2028 (%)
- Data Table on Insect meal - Year-over-year growth 2023-2028 (%)
- 7.6 Market opportunity by Product Type
- Market opportunity by Product Type ($ million)
- Data Table on Market opportunity by Product Type ($ million)
8 Customer Landscape
- 8.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Chart on Market share By Geographical Landscape 2023-2028 (%)
- Data Table on Market share By Geographical Landscape 2023-2028 (%)
- 9.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
- 9.3 APAC - Market size and forecast 2023-2028
- Chart on APAC - Market size and forecast 2023-2028 ($ million)
- Data Table on APAC - Market size and forecast 2023-2028 ($ million)
- Chart on APAC - Year-over-year growth 2023-2028 (%)
- Data Table on APAC - Year-over-year growth 2023-2028 (%)
- 9.4 North America - Market size and forecast 2023-2028
- Chart on North America - Market size and forecast 2023-2028 ($ million)
- Data Table on North America - Market size and forecast 2023-2028 ($ million)
- Chart on North America - Year-over-year growth 2023-2028 (%)
- Data Table on North America - Year-over-year growth 2023-2028 (%)
- 9.5 Europe - Market size and forecast 2023-2028
- Chart on Europe - Market size and forecast 2023-2028 ($ million)
- Data Table on Europe - Market size and forecast 2023-2028 ($ million)
- Chart on Europe - Year-over-year growth 2023-2028 (%)
- Data Table on Europe - Year-over-year growth 2023-2028 (%)
- 9.6 Middle East and Africa - Market size and forecast 2023-2028
- Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- 9.7 South America - Market size and forecast 2023-2028
- Chart on South America - Market size and forecast 2023-2028 ($ million)
- Data Table on South America - Market size and forecast 2023-2028 ($ million)
- Chart on South America - Year-over-year growth 2023-2028 (%)
- Data Table on South America - Year-over-year growth 2023-2028 (%)
- 9.8 US - Market size and forecast 2023-2028
- Chart on US - Market size and forecast 2023-2028 ($ million)
- Data Table on US - Market size and forecast 2023-2028 ($ million)
- Chart on US - Year-over-year growth 2023-2028 (%)
- Data Table on US - Year-over-year growth 2023-2028 (%)
- 9.9 China - Market size and forecast 2023-2028
- Chart on China - Market size and forecast 2023-2028 ($ million)
- Data Table on China - Market size and forecast 2023-2028 ($ million)
- Chart on China - Year-over-year growth 2023-2028 (%)
- Data Table on China - Year-over-year growth 2023-2028 (%)
- 9.10 Thailand - Market size and forecast 2023-2028
- Chart on Thailand - Market size and forecast 2023-2028 ($ million)
- Data Table on Thailand - Market size and forecast 2023-2028 ($ million)
- Chart on Thailand - Year-over-year growth 2023-2028 (%)
- Data Table on Thailand - Year-over-year growth 2023-2028 (%)
- 9.11 UK - Market size and forecast 2023-2028
- Chart on UK - Market size and forecast 2023-2028 ($ million)
- Data Table on UK - Market size and forecast 2023-2028 ($ million)
- Chart on UK - Year-over-year growth 2023-2028 (%)
- Data Table on UK - Year-over-year growth 2023-2028 (%)
- 9.12 South Korea - Market size and forecast 2023-2028
- Chart on South Korea - Market size and forecast 2023-2028 ($ million)
- Data Table on South Korea - Market size and forecast 2023-2028 ($ million)
- Chart on South Korea - Year-over-year growth 2023-2028 (%)
- Data Table on South Korea - Year-over-year growth 2023-2028 (%)
- 9.13 Market opportunity By Geographical Landscape
- Market opportunity By Geographical Landscape ($ million)
- Data Tables on Market opportunity By Geographical Landscape ($ million)
10 Drivers, Challenges, and Opportunity/Restraints
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
- 10.4 Market opportunities/restraints
11 Competitive Landscape
- 11.1 Overview
- 11.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 11.3 Landscape disruption
- Overview on factors of disruption
- 11.4 Industry risks
- Impact of key risks on business
12 Competitive Analysis
- 12.1 Companies profiled
- 12.2 Market positioning of companies
- Matrix on companies position and classification
- 12.3 All Things Bugs LLC
- All Things Bugs LLC - Overview
- All Things Bugs LLC - Product / Service
- All Things Bugs LLC - Key offerings
- 12.4 Armstrong Crickets Georgia
- Armstrong Crickets Georgia - Overview
- Armstrong Crickets Georgia - Product / Service
- Armstrong Crickets Georgia - Key offerings
- 12.5 Aspire Food Group
- Aspire Food Group - Overview
- Aspire Food Group - Product / Service
- Aspire Food Group - Key offerings
- 12.6 Beta Hatch
- Beta Hatch - Overview
- Beta Hatch - Product / Service
- Beta Hatch - Key offerings
- 12.7 Darling Ingredients Inc.
- Darling Ingredients Inc. - Overview
- Darling Ingredients Inc. - Business segments
- Darling Ingredients Inc. - Key news
- Darling Ingredients Inc. - Key offerings
- Darling Ingredients Inc. - Segment focus
- 12.8 Eat Grub
- Eat Grub - Overview
- Eat Grub - Product / Service
- Eat Grub - Key offerings
- 12.9 Edible Bug Shop
- Edible Bug Shop - Overview
- Edible Bug Shop - Product / Service
- Edible Bug Shop - Key offerings
- 12.10 Entomo Farms
- Entomo Farms - Overview
- Entomo Farms - Product / Service
- Entomo Farms - Key offerings
- 12.11 Global Bugs Asia Co. Ltd.
- Global Bugs Asia Co. Ltd. - Overview
- Global Bugs Asia Co. Ltd. - Product / Service
- Global Bugs Asia Co. Ltd. - Key offerings
- 12.12 Hargol FoodTech
- Hargol FoodTech - Overview
- Hargol FoodTech - Product / Service
- Hargol FoodTech - Key offerings
- 12.13 Innovafeed SAS
- Innovafeed SAS - Overview
- Innovafeed SAS - Product / Service
- Innovafeed SAS - Key offerings
- 12.14 JR Unique Foods Ltd.
- JR Unique Foods Ltd. - Overview
- JR Unique Foods Ltd. - Product / Service
- JR Unique Foods Ltd. - Key offerings
- 12.15 Nutrition Technologies
- Nutrition Technologies - Overview
- Nutrition Technologies - Product / Service
- Nutrition Technologies - Key offerings
- 12.16 Protix BV
- Protix BV - Overview
- Protix BV - Product / Service
- Protix BV - Key offerings
- 12.17 Ynsect SAS
- Ynsect SAS - Overview
- Ynsect SAS - Product / Service
- Ynsect SAS - Key offerings
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 13.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 13.4 Research methodology
- 13.5 Data procurement
- 13.6 Data validation
- 13.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 13.8 Data synthesis
- 13.9 360 degree market analysis
- 360 degree market analysis
- 13.10 List of abbreviations