Edible Insects Market size to grow at a CAGR of 31.16% from 2022 to 2027, Growing food shortage across the globe to drive market growth - Technavio

NEW YORK, April 26, 2023 /PRNewswire/ -- Technavio has been monitoring the edible insects market, which is expected to grow by USD 4,510.58 million from 2022 to 2027. As per the latest report, the market will progress at a CAGR of 31.16% during the forecast period. This report aids business leaders with an up-to-date analysis that includes the study of the current market scenario, the latest trends and drivers that are likely to influence the market growth, and the overall market environment. Growing knowledge about the benefits of edible insects is an emerging trend in the edible insects market. Consumers are gaining awareness about the benefits of consuming edible insects. In addition, insects are common foods in many cultures around the world, as they are a rich source of important nutrients such as protein, vitamins, and minerals. Hence, such trends are anticipated to have a positive impact on market growth during the forecast period. Download the Latest Sample Report within minutes!

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our edible insects market report covers the following areas:

• Edible Insects Market size
• Edible Insects Market trends
• Edible Insects Market industry analysis
• Edible Insects Market five forces analysis
• Edible Insects Market competitive landscape

Edible Insects Market 2023-2027: Market Dynamics

Key Drivers

• Growing food shortage across the globe is a key factor fueling the growth of the edible insects market.
• Growing food shortages and insecurity are major concerns across the world. According to FAO, around 768 million people suffered from hunger in 2020, which was 118 million more than the previous year.
• The pandemic also impacted the food supply, leading to an increase in the number of people facing food shortages in 2020. According to the FAO, around 320 million people suffered from food inadequacy worldwide in 2020. 
• The FAO expects the number of people suffering from food shortages to double by 2030, and alternative food sources such as edible insects are being promoted worldwide to address food shortages in various regions.
• Hence, such food shortage issues will drive the growth of the edible insects market during the forecast period.

Major Challenges

• The high risk of contamination is a primary challenge to the growth of the edible insects market. 
• Insects commonly come into contact with heavy metals, pesticides, and bacteria, which are environmental hazards.
• Breeding of insects in organic waste leads to a high risk of pathogens.
• Contamination can happen at different stages of insect production and processing, right from feed sources to handling and packaging. This poses a serious risk to the health and safety of consumers and may result in legal problems and product recalls.
• Hence, such factors may impede the market growth of edible insects during the forecast period.

• Application 
• Human Consumption
• Animal Nutrition
• Cosmetics And Pharmaceuticals
• Geography 
• APAC
• North America
• Europe
• Middle East And Africa
• South America

The market share growth by the human consumption segment will be significant for the overall market growth during the forecast period. There are about 2,300 species of insect species for human consumption, and they have been consumed by many cultures. Insects are a rich source of protein, fiber, good fats, and essential minerals. According to Food and Agricultural Organization (FAO), around 2 billion people consume insects regularly, and insect rearing requires less land than livestock rearing, which can help meet the global food shortage. Hence, such factors will influence the growth of the segment during the forecast period.

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• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
• Global competitiveness and key competitor positions
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - Buy the report!

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. We provide a detailed analysis of around 25 vendors operating in the Edible Insects Market, including some of the vendors such as 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 Backed with competitive intelligence and benchmarking, our research reports on the Edible Insects Market are designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.

Vendor Offerings

• All Things Bugs LLC - The company offers edible insects such as Griopro insect powder. 
• Armstrong Crickets Georgia - The company offers edible insects such as superworms and crickets. 
• Aspire Food Group - The company offers edible insects such as Frass from crickets. 

Edible Insects Market 2023-2027: Key Highlights

• CAGR of the market during the forecast period 2023-2027
• Detailed information on factors that will assist edible insects market growth during the next five years
• Estimation of the edible insects market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the edible insects market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of edible insects market vendors

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Table of Contents :

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Product Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global edible insects market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global edible insects market 2017 - 2021 ($ million)

• 4.2 Application Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million)

• 4.3 Product type Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Product type Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

• 6.1 Market segments
• Exhibit 30: Chart on Application - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Application - Market share 2022-2027 (%)

• 6.2 Comparison by Application 
• Exhibit 32: Chart on Comparison by Application
• Exhibit 33: Data Table on Comparison by Application

• 6.3 Human consumption - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Human consumption - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Human consumption - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Human consumption - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Human consumption - Year-over-year growth 2022-2027 (%)

• 6.4 Animal nutrition - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Animal nutrition - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Animal nutrition - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Animal nutrition - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Animal nutrition - Year-over-year growth 2022-2027 (%)

• 6.5 Cosmetics and pharmaceuticals - Market size and forecast 2022-2027 
• Exhibit 42: Chart on Cosmetics and pharmaceuticals - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Cosmetics and pharmaceuticals - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Cosmetics and pharmaceuticals - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Cosmetics and pharmaceuticals - Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by Application 
• Exhibit 46: Market opportunity by Application ($ million)
• Exhibit 47: Data Table on Market opportunity by Application ($ million)

7 Market Segmentation by Product Type

• 7.1 Market segments
• Exhibit 48: Chart on Product Type - Market share 2022-2027 (%)
• Exhibit 49: Data Table on Product Type - Market share 2022-2027 (%)

• 7.2 Comparison by Product Type 
• Exhibit 50: Chart on Comparison by Product Type
• Exhibit 51: Data Table on Comparison by Product Type

• 7.3 Whole insects - Market size and forecast 2022-2027 
• Exhibit 52: Chart on Whole insects - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Data Table on Whole insects - Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Chart on Whole insects - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Whole insects - Year-over-year growth 2022-2027 (%)

• 7.4 Insect powder - Market size and forecast 2022-2027 
• Exhibit 56: Chart on Insect powder - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Data Table on Insect powder - Market size and forecast 2022-2027 ($ million)
• Exhibit 58: Chart on Insect powder - Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on Insect powder - Year-over-year growth 2022-2027 (%)

• 7.5 Insect meal - Market size and forecast 2022-2027 
• Exhibit 60: Chart on Insect meal - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Data Table on Insect meal - Market size and forecast 2022-2027 ($ million)
• Exhibit 62: Chart on Insect meal - Year-over-year growth 2022-2027 (%)
• Exhibit 63: Data Table on Insect meal - Year-over-year growth 2022-2027 (%)

• 7.6 Market opportunity by Product Type 
• Exhibit 64: Market opportunity by Product Type ($ million)
• Exhibit 65: Data Table on Market opportunity by Product Type ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 67: Chart on Market share by geography 2022-2027 (%)
• Exhibit 68: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 69: Chart on Geographic comparison
• Exhibit 70: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027 
• Exhibit 71: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027 
• Exhibit 75: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027 
• Exhibit 79: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.7 South America - Market size and forecast 2022-2027 
• Exhibit 87: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027 
• Exhibit 91: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027 
• Exhibit 95: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 Thailand - Market size and forecast 2022-2027 
• Exhibit 99: Chart on Thailand - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on Thailand - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on Thailand - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on Thailand - Year-over-year growth 2022-2027 (%)

• 9.11 UK - Market size and forecast 2022-2027 
• Exhibit 103: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 104: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 105: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.12 South Korea - Market size and forecast 2022-2027 
• Exhibit 107: Chart on South Korea - Market size and forecast 2022-2027 ($ million)
• Exhibit 108: Data Table on South Korea - Market size and forecast 2022-2027 ($ million)
• Exhibit 109: Chart on South Korea - Year-over-year growth 2022-2027 (%)
• Exhibit 110: Data Table on South Korea - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 111: Market opportunity by geography ($ million)
• Exhibit 112: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 113: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 114: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 115: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 116: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 117: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 118: Matrix on vendor position and classification

• 12.3 All Things Bugs LLC
• Exhibit 119: All Things Bugs LLC - Overview
• Exhibit 120: All Things Bugs LLC - Product / Service
• Exhibit 121: All Things Bugs LLC - Key offerings

• 12.4 Armstrong Crickets Georgia 
• Exhibit 122: Armstrong Crickets Georgia - Overview
• Exhibit 123: Armstrong Crickets Georgia - Product / Service
• Exhibit 124: Armstrong Crickets Georgia - Key offerings

• 12.5 Aspire Food Group
• Exhibit 125: Aspire Food Group - Overview
• Exhibit 126: Aspire Food Group - Product / Service
• Exhibit 127: Aspire Food Group - Key offerings

• 12.6 Beta Hatch
• Exhibit 128: Beta Hatch - Overview
• Exhibit 129: Beta Hatch - Product / Service
• Exhibit 130: Beta Hatch - Key offerings

• 12.7 Darling Ingredients Inc. 
• Exhibit 131: Darling Ingredients Inc. - Overview
• Exhibit 132: Darling Ingredients Inc. - Business segments
• Exhibit 133: Darling Ingredients Inc. - Key offerings
• Exhibit 134: Darling Ingredients Inc. - Segment focus

• 12.8 Eat Grub
• Exhibit 135: Eat Grub - Overview
• Exhibit 136: Eat Grub - Product / Service
• Exhibit 137: Eat Grub - Key offerings

• 12.9 Edible Bug Shop
• Exhibit 138: Edible Bug Shop - Overview
• Exhibit 139: Edible Bug Shop - Product / Service
• Exhibit 140: Edible Bug Shop - Key offerings

• 12.10 Entomo Farms
• Exhibit 141: Entomo Farms - Overview
• Exhibit 142: Entomo Farms - Product / Service
• Exhibit 143: Entomo Farms - Key offerings

• 12.11 Global Bugs Asia Co. Ltd. 
• Exhibit 144: Global Bugs Asia Co. Ltd. - Overview
• Exhibit 145: Global Bugs Asia Co. Ltd. - Product / Service
• Exhibit 146: Global Bugs Asia Co. Ltd. - Key offerings

• 12.12 Hargol FoodTech
• Exhibit 147: Hargol FoodTech - Overview
• Exhibit 148: Hargol FoodTech - Product / Service
• Exhibit 149: Hargol FoodTech - Key offerings

• 12.13 Innovafeed SAS
• Exhibit 150: Innovafeed SAS - Overview
• Exhibit 151: Innovafeed SAS - Product / Service
• Exhibit 152: Innovafeed SAS - Key offerings

• 12.14 JR Unique Foods Ltd.
• Exhibit 153: JR Unique Foods Ltd. - Overview
• Exhibit 154: JR Unique Foods Ltd. - Product / Service
• Exhibit 155: JR Unique Foods Ltd. - Key offerings

• 12.15 Nutrition Technologies 
• Exhibit 156: Nutrition Technologies - Overview
• Exhibit 157: Nutrition Technologies - Product / Service
• Exhibit 158: Nutrition Technologies - Key offerings

• 12.16 Protix BV
• Exhibit 159: Protix BV - Overview
• Exhibit 160: Protix BV - Product / Service
• Exhibit 161: Protix BV - Key offerings

• 12.17 Ynsect SAS
• Exhibit 162: Ynsect SAS - Overview
• Exhibit 163: Ynsect SAS - Product / Service
• Exhibit 164: Ynsect SAS - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 165: Inclusions checklist
• Exhibit 166: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 167: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 168: Research methodology
• Exhibit 169: Validation techniques employed for market sizing
• Exhibit 170: Information sources

• 13.5 List of abbreviations 
• Exhibit 171: List of abbreviations 

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