Edible Insects for Human Consumption Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region:

Description

Global Edible Insects for Human Consumption Market Set for Remarkable Growth

The global market for edible insects for human consumption is poised for substantial growth, with estimations indicating a surge from US$ 660 million in 2024 to an impressive US$ 1,000 million by the close of 2031. This forecasted growth, at a steady rate of 6.0%, underscores the burgeoning demand for insect-based protein and food among consumers worldwide.

Key Trends Driving Market Expansion

Start-up Culture in Europe: Europe has become a hotbed for start-up companies venturing into the domain of edible insect farming and protein manufacturing. The burgeoning landscape presents ample opportunities for producers to craft innovative insect-based protein and snacks tailored for human consumption. Notably, the minimal capital requirements at the outset and the eco-friendly nature of insect farming are fuelling the growth of this sector.

Increasing Rate of Investments in High Potential Markets: Established markets like Europe and North America are witnessing a surge in demand for edible insects. With a multitude of startups offering insect-based products, investors are recognizing the immense potential of this sector and are directing significant investments towards related ventures. Recent investments, such as the multi-million dollar injection into Protifarm Holding NV, signify the momentum driving this market forward.

Promoting Insect Protein and Products as a Healthier Alternative: Insect protein emerges as a nutritionally dense alternative to traditional protein sources, boasting higher protein content and an array of essential nutrients. Manufacturers are leveraging these inherent advantages to position their products as healthier alternatives, backed by endorsements from athletes and sportspersons. Companies like Exo Protein are tapping into local influencers to advocate for the benefits of insect-based nutrition.

Lack of Awareness Among Consumers to Restrict Market Expansion: Despite the promising outlook, the market faces challenges stemming from limited consumer awareness, particularly in Western regions. Efforts to educate consumers about the nutritional benefits of edible insects are imperative for sustained market expansion. Additionally, maintaining product quality and building consumer trust are crucial for overcoming initial skepticism.

Country-wise Insights

Dominance of Middle East and Africa: The Middle East and Africa emerge as frontrunners in the global edible insects market, capturing a significant share of 25.7%, followed closely by Latin America at 22.1%.

Demand Outlook for North America

The United States Leads the Charge: North America, with an estimated market value of US$ 44.06 million in 2023. The United States spearheads this growth trajectory, driven by escalating demand for protein-based products.

Category-wise Insights

The Reign of Caterpillars: Among edible insect types, caterpillars hold the highest value share, accounting for 18.2% of the global market. With a projected CAGR of 6.5%, caterpillars are poised to maintain their dominance in the foreseeable future.

Demand for Edible Insects in Snacks and Baked Products

Versatile Applications: Edible insects find widespread application as ingredients in various end-use industries, particularly in snacks and baked goods. The demand for edible insects in this category is estimated at US$ 94.60 million in 2023, set to reach US$ 140 million by 2031.

Competitive Dashboard

Innovative Offerings Drive Growth: Manufacturers are diversifying their product portfolios to offer value-added edible insects with enhanced functional and organoleptic properties. Emphasis on increasing production capacity and forging strategic alliances with regional players underscores the commitment to meeting escalating demand worldwide.

Notable Players Driving Innovation: Companies such as Kreca Ento-Food BV, Cricket Flours LLC, and DeliBugs are at the forefront of innovation, leveraging lactose-free formulations, natural sourcing, and crowdfunding initiatives to expand their market reach and product offerings.

As the global population seeks sustainable and nutritious food alternatives, the market for edible insects for human consumption is poised for transformative growth. With innovative trends, strategic investments, and concerted efforts to raise consumer awareness, the industry is set to thrive in the years to come.

Edible Insects for Human Consumption Industry Research by Category

By Insect Type:

Beetles
Caterpillar
Hymenoptera
Orthoptera
True Bugs
Others

By Product Type:

Whole
- Steam or Fried
- Raw
- BBQ
Ingredient
- Drinks
- Insect Confectionery
- Snacks & Baked Products
- Others

By Region:

North America
Latin America
Europe
South Asia & Pacific
East Asia
Middle East & Africa

1. Executive Summary

1.1. Global Edible Insects for Human Consumption Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value and Volume, 2023
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. COVID-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
- 2.7.1. World Economic Projections
2.8. PESTLE Analysis

3. Production Output and Trade Statistics, 2018 - 2023

3.1. Global Edible Insects for Human Consumption Production Output, by Region, Value (US$ Mn) and Volume (Units), 2018 - 2023
- 3.1.1. North America
- 3.1.2. Europe
- 3.1.3. Asia Pacific
- 3.1.4. Latin America
- 3.1.5. Middle East and Africa

4. Price Analysis, 2018 - 2023

4.1. Global Average Price Analysis, by Insect Type, US$ Per Unit, 2018 - 2023
4.2. Prominent Factor Affecting Edible Insects for Human Consumption Prices
4.3. Global Average Price Analysis, by Region, US$ Per Unit

5. Global Edible Insects for Human Consumption Market Outlook, 2018 - 2031

5.1. Global Edible Insects for Human Consumption Market Outlook, by Insect Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
- 5.1.1. Key Highlights
  - 5.1.1.1. Beetles
  - 5.1.1.2. Caterpillar
  - 5.1.1.3. Hymenoptera
  - 5.1.1.4. Orthoptera
  - 5.1.1.5. True Bugs
  - 5.1.1.6. Others
5.2. Global Edible Insects for Human Consumption Market Outlook, by Product Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
- 5.2.1. Key Highlights
  - 5.2.1.1. Whole
    - 5.2.1.1.1. Steam or Fried
    - 5.2.1.1.2. Raw
    - 5.2.1.1.3. BBQ
  - 5.2.1.2. Ingredient
    - 5.2.1.2.1. Drinks
    - 5.2.1.2.2. Insect Confectionery
    - 5.2.1.2.3. Snacks & Baked Products
    - 5.2.1.2.4. Others
5.3. Global Edible Insects for Human Consumption Market Outlook, by Region, Value (US$ Mn) and Volume (Units), 2018 - 2031
- 5.3.1. Key Highlights
  - 5.3.1.1. North America
  - 5.3.1.2. Europe
  - 5.3.1.3. Asia Pacific
  - 5.3.1.4. Latin America
  - 5.3.1.5. Middle East & Africa

6. North America Edible Insects for Human Consumption Market Outlook, 2018 - 2031

6.1. North America Edible Insects for Human Consumption Market Outlook, by Insect Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
- 6.1.1. Key Highlights
  - 6.1.1.1. Beetles
  - 6.1.1.2. Caterpillar
  - 6.1.1.3. Hymenoptera
  - 6.1.1.4. Orthoptera
  - 6.1.1.5. True Bugs
  - 6.1.1.6. Others
6.2. North America Edible Insects for Human Consumption Market Outlook, by Product Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
- 6.2.1. Key Highlights
  - 6.2.1.1. Whole
    - 6.2.1.1.1. Steam or Fried
    - 6.2.1.1.2. Raw
    - 6.2.1.1.3. BBQ
  - 6.2.1.2. Ingredient
    - 6.2.1.2.1. Drinks
    - 6.2.1.2.2. Insect Confectionery
    - 6.2.1.2.3. Snacks & Baked Products
    - 6.2.1.2.4. Others
- 6.2.2. BPS Analysis/Market Attractiveness Analysis
6.3. North America Edible Insects for Human Consumption Market Outlook, by Country, Value (US$ Mn) and Volume (Units), 2018 - 2031
- 6.3.1. Key Highlights
  - 6.3.1.1. U.S. Edible Insects for Human Consumption Market by Insect Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 6.3.1.2. U.S. Edible Insects for Human Consumption Market by Product Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 6.3.1.3. Canada Edible Insects for Human Consumption Market by Insect Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 6.3.1.4. Canada Edible Insects for Human Consumption Market by Product Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
- 6.3.2. BPS Analysis/Market Attractiveness Analysis

7. Europe Edible Insects for Human Consumption Market Outlook, 2018 - 2031

7.1. Europe Edible Insects for Human Consumption Market Outlook, by Insect Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
- 7.1.1. Key Highlights
  - 7.1.1.1. Beetles
  - 7.1.1.2. Caterpillar
  - 7.1.1.3. Hymenoptera
  - 7.1.1.4. Orthoptera
  - 7.1.1.5. True Bugs
  - 7.1.1.6. Others
7.2. Europe Edible Insects for Human Consumption Market Outlook, by Product Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
- 7.2.1. Key Highlights
  - 7.2.1.1. Whole
    - 7.2.1.1.1. Steam or Fried
    - 7.2.1.1.2. Raw
    - 7.2.1.1.3. BBQ
  - 7.2.1.2. Ingredient
    - 7.2.1.2.1. Drinks
    - 7.2.1.2.2. Insect Confectionery
    - 7.2.1.2.3. Snacks & Baked Products
    - 7.2.1.2.4. Others
- 7.2.2. Attractiveness Analysis
7.3. Europe Edible Insects for Human Consumption Market Outlook, by Country, Value (US$ Mn) and Volume (Units), 2018 - 2031
- 7.3.1. Key Highlights
  - 7.3.1.1. Germany Edible Insects for Human Consumption Market by Insect Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 7.3.1.2. Germany Edible Insects for Human Consumption Market by Product Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 7.3.1.3. U.K. Edible Insects for Human Consumption Market by Insect Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 7.3.1.4. U.K. Edible Insects for Human Consumption Market by Product Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 7.3.1.5. France Edible Insects for Human Consumption Market by Insect Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 7.3.1.6. France Edible Insects for Human Consumption Market by Product Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 7.3.1.7. Italy Edible Insects for Human Consumption Market by Insect Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 7.3.1.8. Italy Edible Insects for Human Consumption Market by Product Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 7.3.1.9. Turkey Edible Insects for Human Consumption Market by Insect Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 7.3.1.10. Turkey Edible Insects for Human Consumption Market by Product Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 7.3.1.11. Russia Edible Insects for Human Consumption Market by Insect Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 7.3.1.12. Russia Edible Insects for Human Consumption Market by Product Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 7.3.1.13. Rest of Europe Edible Insects for Human Consumption Market by Insect Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 7.3.1.14. Rest of Europe Edible Insects for Human Consumption Market by Product Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
- 7.3.2. BPS Analysis/Market Attractiveness Analysis

8. Asia Pacific Edible Insects for Human Consumption Market Outlook, 2018 - 2031

8.1. Asia Pacific Edible Insects for Human Consumption Market Outlook, by Insect Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
- 8.1.1. Key Highlights
  - 8.1.1.1. Beetles
  - 8.1.1.2. Caterpillar
  - 8.1.1.3. Hymenoptera
  - 8.1.1.4. Orthoptera
  - 8.1.1.5. True Bugs
  - 8.1.1.6. Others
8.2. Asia Pacific Edible Insects for Human Consumption Market Outlook, by Product Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
- 8.2.1. Key Highlights
  - 8.2.1.1. Whole
    - 8.2.1.1.1. Steam or Fried
    - 8.2.1.1.2. Raw
    - 8.2.1.1.3. BBQ
  - 8.2.1.2. Ingredient
    - 8.2.1.2.1. Drinks
    - 8.2.1.2.2. Insect Confectionery
    - 8.2.1.2.3. Snacks & Baked Products
    - 8.2.1.2.4. Others
- 8.2.2. BPS Analysis/Market Attractiveness Analysis
8.3. Asia Pacific Edible Insects for Human Consumption Market Outlook, by Country, Value (US$ Mn) and Volume (Units), 2018 - 2031
- 8.3.1. Key Highlights
  - 8.3.1.1. China Edible Insects for Human Consumption Market by Insect Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 8.3.1.2. China Edible Insects for Human Consumption Market by Product Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 8.3.1.3. Japan Edible Insects for Human Consumption Market by Insect Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 8.3.1.4. Japan Edible Insects for Human Consumption Market by Product Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 8.3.1.5. South Korea Edible Insects for Human Consumption Market by Insect Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 8.3.1.6. South Korea Edible Insects for Human Consumption Market by Product Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 8.3.1.7. India Edible Insects for Human Consumption Market by Insect Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 8.3.1.8. India Edible Insects for Human Consumption Market by Product Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 8.3.1.9. Southeast Asia Edible Insects for Human Consumption Market by Insect Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 8.3.1.10. Southeast Asia Edible Insects for Human Consumption Market by Product Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 8.3.1.11. Rest of Asia Pacific Edible Insects for Human Consumption Market by Insect Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 8.3.1.12. Rest of Asia Pacific Edible Insects for Human Consumption Market by Product Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
- 8.3.2. BPS Analysis/Market Attractiveness Analysis

9. Latin America Edible Insects for Human Consumption Market Outlook, 2018 - 2031

9.1. Latin America Edible Insects for Human Consumption Market Outlook, by Insect Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
- 9.1.1. Key Highlights
  - 9.1.1.1. Beetles
  - 9.1.1.2. Caterpillar
  - 9.1.1.3. Hymenoptera
  - 9.1.1.4. Orthoptera
  - 9.1.1.5. True Bugs
  - 9.1.1.6. Others
9.2. Latin America Edible Insects for Human Consumption Market Outlook, by Product Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
- 9.2.1. Key Highlights
  - 9.2.1.1. Whole
    - 9.2.1.1.1. Steam or Fried
    - 9.2.1.1.2. Raw
    - 9.2.1.1.3. BBQ
  - 9.2.1.2. Ingredient
    - 9.2.1.2.1. Drinks
    - 9.2.1.2.2. Insect Confectionery
    - 9.2.1.2.3. Snacks & Baked Products
    - 9.2.1.2.4. Others
- 9.2.2. BPS Analysis/Market Attractiveness Analysis
9.3. Latin America Edible Insects for Human Consumption Market Outlook, by Country, Value (US$ Mn) and Volume (Units), 2018 - 2031
- 9.3.1. Key Highlights
  - 9.3.1.1. Brazil Edible Insects for Human Consumption Market by Insect Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 9.3.1.2. Brazil Edible Insects for Human Consumption Market by Product Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 9.3.1.3. Mexico Edible Insects for Human Consumption Market by Insect Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 9.3.1.4. Mexico Edible Insects for Human Consumption Market by Product Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 9.3.1.5. Argentina Edible Insects for Human Consumption Market by Insect Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 9.3.1.6. Argentina Edible Insects for Human Consumption Market by Product Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 9.3.1.7. Rest of Latin America Edible Insects for Human Consumption Market by Insect Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 9.3.1.8. Rest of Latin America Edible Insects for Human Consumption Market by Product Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
- 9.3.2. BPS Analysis/Market Attractiveness Analysis

10. Middle East & Africa Edible Insects for Human Consumption Market Outlook, 2018 - 2031

10.1. Middle East & Africa Edible Insects for Human Consumption Market Outlook, by Insect Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
- 10.1.1. Key Highlights
  - 10.1.1.1. Beetles
  - 10.1.1.2. Caterpillar
  - 10.1.1.3. Hymenoptera
  - 10.1.1.4. Orthoptera
  - 10.1.1.5. True Bugs
  - 10.1.1.6. Others
10.2. Middle East & Africa Edible Insects for Human Consumption Market Outlook, by Product Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
- 10.2.1. Key Highlights
  - 10.2.1.1. Whole
    - 10.2.1.1.1. Steam or Fried
    - 10.2.1.1.2. Raw
    - 10.2.1.1.3. BBQ
  - 10.2.1.2. Ingredient
    - 10.2.1.2.1. Drinks
    - 10.2.1.2.2. Insect Confectionery
    - 10.2.1.2.3. Snacks & Baked Products
    - 10.2.1.2.4. Others
- 10.2.2. BPS Analysis/Market Attractiveness Analysis
10.3. Middle East & Africa Edible Insects for Human Consumption Market Outlook, by Country, Value (US$ Mn) and Volume (Units), 2018 - 2031
- 10.3.1. Key Highlights
  - 10.3.1.1. GCC Edible Insects for Human Consumption Market by Insect Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 10.3.1.2. GCC Edible Insects for Human Consumption Market by Product Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 10.3.1.3. South Africa Edible Insects for Human Consumption Market by Insect Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 10.3.1.4. South Africa Edible Insects for Human Consumption Market by Product Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 10.3.1.5. Egypt Edible Insects for Human Consumption Market by Insect Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 10.3.1.6. Egypt Edible Insects for Human Consumption Market by Product Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 10.3.1.7. Nigeria Edible Insects for Human Consumption Market by Insect Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 10.3.1.8. Nigeria Edible Insects for Human Consumption Market by Product Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 10.3.1.9. Rest of Middle East & Africa Edible Insects for Human Consumption Market by Insect Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 10.3.1.10. Rest of Middle East & Africa Edible Insects for Human Consumption Market by Product Type, Value (US$ Mn) and Volume (Units), 2018 - 2031
- 10.3.2. BPS Analysis/Market Attractiveness Analysis

11. Competitive Landscape

11.1. By End User vs by Insect Type Heatmap
11.2. Company Market Share Analysis, 2022
11.3. Competitive Dashboard
11.4. Company Profiles
- 11.4.1. Protifarm Holding NV
  - 11.4.1.1. Company Overview
  - 11.4.1.2. Product Portfolio
  - 11.4.1.3. Financial Overview
  - 11.4.1.4. Business Strategies and Development
- 11.4.2. Protix
  - 11.4.2.1. Company Overview
  - 11.4.2.2. Product Portfolio
  - 11.4.2.3. Financial Overview
  - 11.4.2.4. Business Strategies and Development
- 11.4.3. HaoCheng Mealworm Inc.
  - 11.4.3.1. Company Overview
  - 11.4.3.2. Product Portfolio
  - 11.4.3.3. Financial Overview
  - 11.4.3.4. Business Strategies and Development
- 11.4.4. Kreca Ento-Food BV
  - 11.4.4.1. Company Overview
  - 11.4.4.2. Product Portfolio
  - 11.4.4.3. Financial Overview
  - 11.4.4.4. Business Strategies and Development
- 11.4.5. Chapul Cricket Protein
  - 11.4.5.1. Company Overview
  - 11.4.5.2. Product Portfolio
  - 11.4.5.3. Financial Overview
  - 11.4.5.4. Business Strategies and Development
- 11.4.6. Exo Protein
  - 11.4.6.1. Company Overview
  - 11.4.6.2. Product Portfolio
  - 11.4.6.3. Financial Overview
  - 11.4.6.4. Business Strategies and Development
- 11.4.7. JR Unique Foods Ltd., Part.
  - 11.4.7.1. Company Overview
  - 11.4.7.2. Product Portfolio
  - 11.4.7.3. Financial Overview
  - 11.4.7.4. Business Strategies and Development
- 11.4.8. Entomo Farms
  - 11.4.8.1. Company Overview
  - 11.4.8.2. Product Portfolio
  - 11.4.8.3. Financial Overview
  - 11.4.8.4. Business Strategies and Development
- 11.4.9. Craft Crickets Inc.
  - 11.4.9.1. Company Overview
  - 11.4.9.2. Product Portfolio
  - 11.4.9.3. Financial Overview
  - 11.4.9.4. Business Strategies and Development
- 11.4.10. Crik Nutrition
  - 11.4.10.1. Company Overview
  - 11.4.10.2. Product Portfolio
  - 11.4.10.3. Financial Overview
  - 11.4.10.4. Business Strategies and Development

12. Appendix

12.1. Research Methodology
12.2. Report Assumptions
12.3. Acronyms and Abbreviations