Edible Insect Market Methodology:
The edible insect market size was valued at USD 293.12 Million in 2023 and is Projected to Reach USD 1973.38 Billion by 2032, Growing at a CAGR of 23.6% From 2024 to 2032.
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Our study also discusses the complete keyword market ecosystem, explaining the various market stakeholders, their functions, and the interdependencies between them. Further, with an emphasis on comprehensive segmentation analysis and geographical coverage, the study enables a profound understanding of regional trends. Moreover, we explore external factors, providing a comprehensive view of market dynamics.
Edible Insect Market Dyanamics:
Because they are high in protein, vitamins, and minerals, edible insects—like mealworms, grasshoppers, and crickets—make a wholesome and sustainable food source. Effective and environmentally friendly protein sources are desperately needed as the world's population continues to rise. Compared to conventional cattle, insects have a far smaller ecological footprint since they require less feed, water, and acreage to generate the same quantity of protein.
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Edible Insect Market Segmentation:
By Insect Type
· Rhinoceros Beetles
· Ants
· Grasshopper
· Silkworms
· Crickets
· Others
By Product
· Whole Insect
· Powder
· Bar
· Others
By Application
· Human Consumption
· Animal Feed
· Cosmetics
· Pharmaceuticals
· Others
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Edible Insect Market Key Players:
· Coalo Vally Farms (US)
· Cricket Lab (U.K.)
· JR Unique Foods Ltd., Part (Thailand)
· Global Bugs Asia Co., Ltd. (Thailand)
· Haocheng Mealworm Inc. (China)
· Kreca Ento-Food BV (The Netherlands)
· Aspire Food Group (US)
· All Things Bugs, Llc (US)
· Beta Hatch Inc. (US)
· The Bühler Holding Ag (Switzerland)
· Agriprotien Technologies (South Africa)
· Chapul (US)
· Thailand Unique (Thailand)
· Six Foods (US)
· Crowbar Protein (Iceland)
· Gathr Foods (United Kingdom)
· Protix (Netherlands)
· Ynsect (France) and other major players.
Edible Insect Market Regional Analysis:
Asia-Pacific area is growing significantly. Asia-Pacific nations, including China, Thailand, Vietnam, and Cambodia, have seen a sharp increase in the consumption of edible insects in recent years. These insects are becoming more and more popular as a sustainable and wholesome food source because they are high in protein and other vital components. An important factor is the cultural acceptance of eating insects in many Asian countries. It is easier for certain populations to accept insects as a common food item since they have historically been a component of their diets. In addition, interest in edible insects has increased as more people become aware of the advantages that insect farming offers the environment, such as lowered greenhouse gas emissions and effective land use.
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Company Profiles and Competitive Analysis:
COMPANY PROFILES AND COMPETITIVE ANALYSIS
COMPETITIVE LANDSCAPE
Competitive Positioning
Edible Insect Market Share By Manufacturer (2022)
Industry BCG Matrix
Heat Map Analysis
Mergers & Acquisitions
ARIEL CORPORATION
Company Overview
Key Executives
Company Snapshot
Role of the Company in the Market
Sustainability and Social Responsibility
Operating Business Segments
Product Portfolio
Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
Key Strategic Moves And Recent Developments
SWOT Analysis
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