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PUBLISHER: Meticulous Research | PRODUCT CODE: 1076196

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PUBLISHER: Meticulous Research | PRODUCT CODE: 1076196

Mealworms Market by Product Type (Whole Mealworm, Mealworm Powder, Mealworm Meal), Application (Animal Feed, Aquafeed, Pet Food, Food & Beverages), End Use (Animal Nutrition, Human Consumption) - Global Forecast to 2030

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Mealworms Market by Product Type (Whole Mealworm, Mealworm Powder, Mealworm Meal), Application (Animal Feed, Aquafeed, Pet Food, Food & Beverages), End Use (Animal Nutrition, Human Consumption)-Global Forecast to 2030

The research report titled, 'Mealworms Market by Product Type (Whole Mealworm, Mealworm Powder, Mealworm Meal), Application (Animal Feed, Aquafeed, Pet Food, Food & Beverages), End Use (Animal Nutrition, Human Consumption)-Global Forecast to 2030,' provides an in-depth analysis of the mealworms market in five major geographies and emphasizes on the current market trends, market sizes, market shares, recent developments, and forecasts to 2030. The mealworms market is expected to record a CAGR of 25.8% from 2022-2030 to reach $1.27 billion by 2030. In terms of volume, the mealworms market is expected to grow at a CAGR of 28.6% from 2022-2030 to reach 367,491.7 tons by 2030.

The growth of this market is driven by factors such as the increasing greenhouse gas emissions from the livestock and poultry industries, the high nutritional value of mealworms, environmental benefits of edible mealworms consumption, and the lower risk of zoonotic diseases with insect consumption compared to the consumption of animal-derived products. However, the risk of allergic reactions due to the consumption of mealworms is expected to restrain the growth of this market to a notable extent.

The mealworms market is segmented based on product type (whole mealworm, mealworm meal, mealworm powder, and other product types), application (animal feed, aqua feed, pet food, food & beverages, and other applications), end use (animal nutrition, human consumption, and other end uses), and geography (Europe, North America, Asia-Pacific, Latin America, the Middle East & Africa).

Based on product type, in 2022, the whole mealworm segment is expected to account for the largest share of the mealworms market. This segment is also slated to register the highest CAGR during the forecast period of 2022-2030. The growth of this segment is mainly attributed to the rising preference for whole mealworms by food & feed manufacturers for further processing due to their easy availability and cost-effectiveness.

Based on application, in 2022, the animal feed segment is estimated to account for the largest share of the mealworms market. The growth of this segment is driven by the wide availability of mealworm products for use in animal feed, growing usage of mealworm-based products by feed manufacturers, and the high nutritional value of mealworms in animal nutrition. Mealworms are rich in amino acids, minerals, fats, vitamins, and energy. They have the potential to be a valuable feed source for poultry, aquaculture, and pets.

However, the food & beverages segment is slated to register the highest CAGR during the forecast period of 2022-2030. The rapid growth of this segment is driven by the rising awareness about the importance of nutrition, growing usage of protein supplements due to the health benefits of daily protein intake, and increased incorporation of mealworms in bakery products and snacks.

Based on end use, in 2022, the animal nutrition segment is estimated to account for the largest share of the mealworms market. The growth of this segment is driven by factors such as the increasing animal population, rapidly growing pet expenditure, increasing customer willingness to provide high-quality food to their pets, lower price of insect-based feed compared to other types of animal feed, and the growing demand for insect protein in the pet food industry.

Based on geography, the mealworms market is segmented into five major geographies: North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2022, Europe is expected to account for the largest share of the mealworms market. The large market share of this region is attributed to factors such as the presence of key mealworm manufacturers, increasing demand for alternative protein sources, high demand for protein-rich food & feed, the increasing number of government approvals for mealworms to be used in human, animal, and pet food applications; and the presence of supportive policies for insect farming.

However, North America is slated to register the highest CAGR during the forecast period of 2022 to 2030. The rapid growth of this market is driven by the growing demand for environment-friendly protein-rich food. In addition, the growing awareness of insects-as-food, decreasing food neophobia, and the altering attitudes of consumers towards insects as food products are expected to create significant opportunities for the growth of the mealworms market.

Key Players

Some of the key players operating in the mealworms market are Protix B.V. (Netherlands), Ynsect SAS (France), BETA HATCH (U.S.), Armstrong Crickets Georgia (U.S.), TEBRIO (Formerly MealFood Europe SL) (Spain), Tebrito AB (Sweden), Entec Nutrition (U.K.), Invertapro AS (Norway), Keil Co., Ltd (South Korea), EntoBreed Farming BV (Netherlands), and Goterra (Australia).

Key Questions Answered in the Report-

  • Which are the high-growth market segments in terms of product type, application, end use, and region/country?
  • What was the historical market size for mealworms across the globe?
  • What are the market forecasts and estimates for 2022-2030?
  • What are the major drivers, restraints, opportunities, and trends for the global mealworms market?
  • Who are the major players in the global mealworms market?
  • How is the competitive landscape, and who are the market leaders in the global mealworms market?
  • What are the recent developments in the global mealworms market?
  • What are the geographical trends and high-growth regions/countries?
  • Who are the local emerging players in the global mealworms market, and how do they compete with the global players?

Scope of the Report:

Mealworms Market, by Product Type

  • Whole Mealworm
  • Mealworm Meal
  • Mealworm Powder
  • Other Mealworm Products

Mealworms Market, by Application

  • Animal Feed
  • Aquafeed
  • Pet Food
  • Food & Beverages
  • Other Applications

Mealworms Market, by End Use

  • Animal Nutrition
  • Human Consumption
  • Other End Uses

Mealworms Market, by Geography

  • Europe
  • Netherlands
  • Belgium
  • France
  • Denmark
  • Finland
  • Germany
  • Rest of Europe
  • North America
  • U.S.
  • Canada
  • Asia-Pacific
  • Thailand
  • China
  • South Korea
  • Vietnam
  • Malaysia
  • Rest of Asia-pacific
  • Latin America
  • Middle East & Africa
Product Code: MRFB -104578

TABLE OF CONTENTS

1. Introduction

  • 1.1. Market Definition
  • 1.2. Market Ecosystem
  • 1.3. Currency
  • 1.4. Key Stakeholders

2. Research Methodology

  • 2.1. Research Approach
  • 2.2. Data Collection & Validation
    • 2.2.1. Secondary Research
    • 2.2.2. Primary Research
  • 2.3. Market Assessment
    • 2.3.1. Market Size Estimation
      • 2.3.1.1. Bottom-up Approach
      • 2.3.1.2. Top-down Approach
      • 2.3.1.3. Growth forecast
  • 2.4. Assumptions for the Study
  • 2.5. Limitations for the Study

3. Executive Summary

  • 3.1. Introduction
  • 3.2. Segment Analysis
    • 3.2.1. Mealworms Market, Product Type Analysis
    • 3.2.2. Mealworms Market, Application Analysis
    • 3.2.3. Mealworms Market, End Use Analysis
    • 3.2.4. Mealworms Market, Regional Analysis
  • 3.3. Key Players

4. Market Insights

  • 4.1. Introduction
  • 4.2. Drivers
    • 4.2.1. Increasing Greenhouse Gas Emissions From the Livestock & Poultry Industries
    • 4.2.2. High Nutritional Value of Mealworms
    • 4.2.3. Environmental Benefits of Edible Mealworms Consumption
    • 4.2.4. Lower Risk of Zoonotic Diseases with Insect Consumption Compared to the Consumption of Animal-Derived Products
  • 4.3. Restraints
    • 4.3.1. The Risk of Allergic Reactions due to the Consumption of Mealworms
  • 4.4. Challenges
    • 4.4.1. Lack of Awareness
  • 4.5. Opportunities
    • 4.5.1. Emerging Economies
  • 4.6. Regulatory Analysis
    • 4.6.1. North America
      • 4.6.1.1. U.S.
      • 4.6.1.2. Canada
    • 4.6.2. Europe
    • 4.6.3. Asia-Pacific
    • 4.6.4. Rest of the World
  • 4.7. Pricing Analysis
    • 4.7.1. Whole Mealworm
    • 4.7.2. Mealworm Powder
    • 4.7.3. Mealworm Meal
  • 4.8. Cost Analysis
  • 4.9. Key Customer Segments
  • 4.10. Impact of Covid-19 on the Mealworms Market

5. Global Mealworms Market, by Product Type

  • 5.1. Introduction
  • 5.2. Whole Mealworm
  • 5.3. Mealworm Meal
  • 5.4. Mealworm Powder
  • 5.5. Other Mealworm Products

6. Global Mealworms Market, by Application

  • 6.1. Introduction
  • 6.2. Animal Feed
  • 6.3. Aquafeed
  • 6.4. Pet Food
  • 6.5. Food & Beverages
  • 6.6. Other Applications

7. Global Mealworms Market, by End Use

  • 7.1. Introduction
  • 7.2. Animal Nutrition
  • 7.3. Human Consumption
  • 7.4. Other End Uses

8. Mealworms Market, by Geography

  • 8.1. Introduction
  • 8.2. Europe
    • 8.2.1. Netherlands
    • 8.2.2. Belgium
    • 8.2.3. France
    • 8.2.4. Denmark
    • 8.2.5. Finland
    • 8.2.6. Germany
    • 8.2.7. Rest of Europe (RoE)
  • 8.3. North America
    • 8.3.1. U.S.
    • 8.3.2. Canada
  • 8.4. Asia-Pacific
    • 8.4.1. Thailand
    • 8.4.2. China
    • 8.4.3. South Korea
    • 8.4.4. Vietnam
    • 8.4.5. Malaysia
    • 8.4.6. Rest of Asia-Pacific (RoAPAC)
  • 8.5. Latin America
  • 8.6. Middle East & Africa

9. Competitive Landscape

  • 9.1. Introduction
  • 9.2. Competitive Benchmarking
  • 9.3. Production Capacity

10. Company Profiles (Business Overview, Product Portfolio, Financial Overview, and Strategic Developments)

  • 10.1. Protix B.V.
  • 10.2. Ynsect SAS
  • 10.3. BETA HATCH
  • 10.4. Armstrong Crickets Georgia
  • 10.5. TEBRIO (Formerly MealFood Europe SL)
  • 10.6. Tebrito AB
  • 10.7. Entec Nutrition
  • 10.8. Invertapro AS
  • 10.9. Keil Co., Ltd
  • 10.10. EntoBreed Farming BV
  • 10.11. Goterra

11. Appendix

  • 11.1. Questionnaire
  • 11.2. Available Customization
Product Code: MRFB -104578

List of Tables

  • Table 1 Global Mealworms Market: Impact Analysis of Market Drivers (2022-2030)
  • Table 2 Nutritional Value of Mealworms Vs. Other Insects, MG/100G
  • Table 3 Global Mealworms Market: Impact Analysis of Market Restraints (2022-2030)
  • Table 4 Average Selling Price of Whole Mealworm, by Country/Region, 2020-2030 (USD/Ton)
  • Table 5 Average Selling Price of Mealworm Powder, by Country/Region, 2020-2030 (USD/Ton)
  • Table 6 Average Selling Price of Mealworm Meal, by Country/Region, 2020-2030 (USD/Ton)
  • Table 7 Cost Analysis of Mealworm Production, 2021 (USD/Ton)
  • Table 8 Key Customer Segments by Company
  • Table 9 Key Potential Customers for Mealworm Providers
  • Table 10 Global Mealworms Market Size, by Product Type, 2020-2030 (USD Million)
  • Table 11 Global Mealworms Market Size, by Product Type, 2020-2030 (Tons)
  • Table 12 Whole Mealworm Market Size, by Country/Region, 2020-2030 (USD Million)
  • Table 13 Whole Mealworm Market Size, by Country/Region, 2020-2030 (Tons)
  • Table 14 Mealworm Meal Market Size, by Country/Region, 2020-2030 (USD Million)
  • Table 15 Mealworm Meal Market Size, by Country/Region, 2020-2030 (Tons)
  • Table 16 Mealworm Powder Market Size, by Country/Region, 2020-2030 (USD Million)
  • Table 17 Mealworm Powder Market Size, by Country/Region, 2020-2030 (Tons)
  • Table 18 Other Mealworm Products Market Size, by Country/Region, 2020-2030 (USD Million)
  • Table 19 Other Mealworm Products Market Size, by Country/Region, 2020-2030 (Tons)
  • Table 20 Global Mealworms Market Size, by Application, 2020-2030 (USD Million)
  • Table 21 Mealworms Market Size for Animal Feed, by Country/Region, 2020-2030 (USD Million)
  • Table 22 Mealworms Market Size for Aquafeed, by Country/Region, 2020-2030 (USD Million)
  • Table 23 Mealworms Market Size for Pet Food, by Country/Region, 2020-2030 (USD Million)
  • Table 24 Mealworms Market Size for Food & Beverages, by Country/Region, 2020-2030 (USD Million)
  • Table 25 Mealworms Market Size for Other Applications, by Country/Region, 2020-2030 (USD Million)
  • Table 26 Global Mealworms Market Size, by End Use, 2020-2030 (USD Million)
  • Table 27 Key Players and their Mealworm-based Product Offerings for Animal Nutrition
  • Table 28 Mealworms Market Size for Animal Nutrition, by Country/Region, 2020-2030 (USD Million)
  • Table 29 Key Players and their Mealworm-based Product Offerings for Human Consumption
  • Table 30 Mealworms Market Size for Human Consumption, by Country/Region, 2020-2030 (USD Million)
  • Table 31 Key Players and their Mealworm-based Product Offerings for Plant Nutrition
  • Table 32 Mealworms Market Size for Other End Uses, by Country/Region, 2020-2030 (USD Million)
  • Table 33 Mealworms Market Size, by Region, 2020-2030 (USD Million)
  • Table 34 Mealworms Market Size, by Region, 2020-2030 (Tons)
  • Table 35 Europe: Mealworms Market Size, by Country, 2020-2030 (USD Million)
  • Table 36 Europe: Mealworms Market Size, by Country, 2020-2030 (Tons)
  • Table 37 Europe: Mealworms Market Size, by Product, 2020-2030 (USD Million)
  • Table 38 Europe: Mealworms Market Size, by Product, 2020-2030 (Tons)
  • Table 39 Europe: Mealworms Market Size, by Application, 2020-2030 (USD Million)
  • Table 40 Europe: Mealworms Market Size, by End Use, 2020-2030 (USD Million)
  • Table 41 Netherlands: Mealworms Market Size, by Product, 2020-2030 (USD Million)
  • Table 42 Netherlands: Mealworms Market Size, by Product, 2020-2030 (Tons)
  • Table 43 Netherlands: Mealworms Market Size, by Application, 2020-2030 (USD Million)
  • Table 44 Netherlands: Mealworms Market Size, by End Use, 2020-2030 (USD Million)
  • Table 45 Belgium: Mealworms Market Size, by Product, 2020-2030 (USD Million)
  • Table 46 Belgium: Mealworms Market Size, by Product, 2020-2030 (Tons)
  • Table 47 Belgium: Mealworms Market Size, by Application, 2020-2030 (USD Million)
  • Table 48 Belgium: Mealworms Market Size, by End Use, 2020-2030 (USD Million)
  • Table 49 France: Mealworms Market Size, by Product, 2020-2030 (USD Million)
  • Table 50 France: Mealworms Market Size, by Product, 2020-2030 (Tons)
  • Table 51 France: Mealworms Market Size, by Application, 2020-2030 (USD Million)
  • Table 52 France: Mealworms Market Size, by End Use, 2020-2030 (USD Million)
  • Table 53 Denmark: Mealworms Market Size, by Product, 2020-2030 (USD Million)
  • Table 54 Denmark: Mealworms Market Size, by Product, 2020-2030 (Tons)
  • Table 55 Denmark: Mealworms Market Size, by Application, 2020-2030 (USD Million)
  • Table 56 Denmark: Mealworms Market Size, by End Use, 2020-2030 (USD Million)
  • Table 57 Finland: Mealworms Market Size, by Product, 2020-2030 (USD Million)
  • Table 58 Finland: Mealworms Market Size, by Product, 2020-2030 (Tons)
  • Table 59 Finland: Mealworms Market Size, by Application, 2020-2030 (USD Million)
  • Table 60 Finland: Mealworms Market Size, by End Use, 2020-2030 (USD Million)
  • Table 61 Germany: Mealworms Market Size, by Product, 2020-2030 (USD Million)
  • Table 62 Germany: Mealworms Market Size, by Product, 2020-2030 (Tons)
  • Table 63 Germany: Mealworms Market Size, by Application, 2020-2030 (USD Million)
  • Table 64 Germany: Mealworms Market Size, by End Use, 2020-2030 (USD Million)
  • Table 65 Rest of Europe: Mealworms Market Size, by Product, 2020-2030 (USD Million)
  • Table 66 Rest of Europe: Mealworms Market Size, by Product, 2020-2030 (Tons)
  • Table 67 Rest of Europe: Mealworms Market Size, by Application, 2020-2030 (USD Million)
  • Table 68 Rest of Europe: Mealworms Market Size, by End Use, 2020-2030 (USD Million)
  • Table 69 North America: Mealworms Market Size, by Country, 2020-2030 (USD Million)
  • Table 70 North America: Mealworms Market Size, by Country, 2020-2030 (Tons)
  • Table 71 North America: Mealworms Market Size, by Product, 2020-2030 (USD Million)
  • Table 72 North America: Mealworms Market Size, by Product, 2020-2030 (Tons)
  • Table 73 North America: Mealworms Market Size, by Application, 2020-2030 (USD Million)
  • Table 74 North America: Mealworms Market Size, by End Use, 2020-2030 (USD Million)
  • Table 75 U.S.: Mealworms Market Size, by Product, 2020-2030 (USD Million)
  • Table 76 U.S.: Mealworms Market Size, by Product, 2020-2030 (Tons)
  • Table 77 U.S.: Mealworms Market Size, by Application, 2020-2030 (USD Million)
  • Table 78 U.S.: Mealworms Market Size, by End Use, 2020-2030 (USD Million)
  • Table 79 Canada: Mealworms Market Size, by Product, 2020-2030 (USD Million)
  • Table 80 Canada: Mealworms Market Size, by Product, 2020-2030 (Tons)
  • Table 81 Canada: Mealworms Market Size, by Application, 2020-2030 (USD Million)
  • Table 82 Canada: Mealworms Market Size, by End Use, 2020-2030 (USD Million)
  • Table 83 Asia-Pacific: Mealworms Market Size, by Country, 2020-2030 (USD Million)
  • Table 84 Asia-Pacific: Mealworms Market Size, by Country, 2020-2030 (Tons)
  • Table 85 Asia-Pacific: Mealworms Market Size, by Product, 2020-2030 (USD Million)
  • Table 86 Asia-Pacific: Mealworms Market Size, by Product, 2020-2030 (Tons)
  • Table 87 Asia-Pacific: Mealworms Market Size, by Application, 2020-2030 (USD Million)
  • Table 88 Asia-Pacific: Mealworms Market Size, by End Use, 2020-2030 (USD Million)
  • Table 89 Thailand: Mealworms Market Size, by Product, 2020-2030 (USD Million)
  • Table 90 Thailand: Mealworms Market Size, by Product, 2020-2030 (Tons)
  • Table 91 Thailand: Mealworms Market Size, by Application, 2020-2030 (USD Million)
  • Table 92 Thailand: Mealworms Market Size, by End Use, 2020-2030 (USD Million)
  • Table 93 China: Mealworms Market Size, by Product, 2020-2030 (USD Million)
  • Table 94 China: Mealworms Market Size, by Product, 2020-2030 (Tons)
  • Table 95 China: Mealworms Market Size, by Application, 2020-2030 (USD Million)
  • Table 96 China: Mealworms Market Size, by End Use, 2020-2030 (USD Million)
  • Table 97 South Korea: Mealworms Market Size, by Product, 2020-2030 (USD Million)
  • Table 98 South Korea: Mealworms Market Size, by Product, 2020-2030 (Tons)
  • Table 99 South Korea: Mealworms Market Size, by Application, 2020-2030 (USD Million)
  • Table 100 South Korea: Mealworms Market Size, by End Use, 2020-2030 (USD Million)
  • Table 101 Vietnam: Mealworms Market Size, by Product, 2020-2030 (USD Million)
  • Table 102 Vietnam: Mealworms Market Size, by Product, 2020-2030 (Tons)
  • Table 103 Vietnam: Mealworms Market Size, by Application, 2020-2030 (USD Million)
  • Table 104 Vietnam: Mealworms Market Size, by End Use, 2020-2030 (USD Million)
  • Table 105 Malaysia: Mealworms Market Size, by Product, 2020-2030 (USD Million)
  • Table 106 Malaysia: Mealworms Market Size, by Product, 2020-2030 (Tons)
  • Table 107 Malaysia: Mealworms Market Size, by Application, 2020-2030 (USD Million)
  • Table 108 Malaysia: Mealworms Market Size, by End Use, 2020-2030 (USD Million)
  • Table 109 Rest of Asia-Pacific: Mealworms Market Size, by Product, 2020-2030 (USD Million)
  • Table 110 Rest of Asia-Pacific: Mealworms Market Size, by Product, 2020-2030 (Tons)
  • Table 111 Rest of Asia-Pacific: Mealworms Market Size, by Application, 2020-2030 (USD Million)
  • Table 112 Rest of Asia-Pacific: Mealworms Market Size, by End Use, 2020-2030 (USD Million)
  • Table 113 Latin America: Mealworms Market Size, by Product, 2020-2030 (USD Million)
  • Table 114 Latin America: Mealworms Market Size, by Product, 2020-2030 (Tons)
  • Table 115 Latin America: Mealworms Market Size, by Application, 2020-2030 (USD Million)
  • Table 116 Latin America: Mealworms Market Size, by End Use, 2020-2030 (USD Million)
  • Table 117 Middle East & Africa: Mealworms Market Size, by Product, 2020-2030 (USD Million)
  • Table 118 Middle East & Africa: Mealworms Market Size, by Product, 2020-2030 (Tons)
  • Table 119 Middle East & Africa: Mealworms Market Size, by Application, 2020-2030 (USD Million)
  • Table 120 Middle East & Africa: Mealworms Market Size, by End Use, 2020-2030 (USD Million)
  • Table 121 Mealworms Production Capacity, by Key Players

List of Figures

  • Figure 1 Research Process
  • Figure 2 Key Secondary Sources
  • Figure 3 Primary Research Techniques
  • Figure 4 Key Executives Interviewed
  • Figure 5 Breakdown of Primary Interviews (Supply-Side & Demand-Side)
  • Figure 6 Market Sizing and Growth forecast Approach
  • Figure 7 In 2022, The Whole Mealworm Segment is Expected to Account for the Largest Share of the Market
  • Figure 8 In 2022, The Animal Feed Segment is Expected to Account for the Largest Share of the Market
  • Figure 9 In 2022, The Animal Nutrition Segment is Expected to Account for the Largest Share of the Market
  • Figure 10 In 2022, Europe to Account for the Largest Share of the Mealworms Market
  • Figure 11 Market Dynamics
  • Figure 12 Global Mealworms Market Size, by Product Type, 2022 Vs. 2030 (USD Million)
  • Figure 13 Global Mealworms Market Size, by Product Type, 2022 Vs. 2030 (Tons)
  • Figure 14 Global Mealworms Market Size, by Application, 2022-2030 (USD Million)
  • Figure 15 Global Mealworms Market Size, by End Use, 2022-2030 (USD Million)
  • Figure 16 Mealworms Market Size, by Region, 2022 Vs. 2030 (USD Million)
  • Figure 17 Mealworms Market Size, by Region, 2022 Vs. 2030 (Tons)
  • Figure 18 Europe: Mealworms Market Snapshot, 2022
  • Figure 19 North America: Mealworms Market Snapshot, 2022
  • Figure 20 Asia-Pacific: Mealworms Market Snapshot
  • Figure 21 Mealworms Market: Competitive Benchmarking of Key Players, by Application
  • Figure 22 Mealworms Market: Competitive Benchmarking of Key Players, by End Use
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