PUBLISHER: Meticulous Research | PRODUCT CODE: 1518433
PUBLISHER: Meticulous Research | PRODUCT CODE: 1518433
Edible Grasshoppers Market by Product Type (Dried Grasshoppers, Powdered Grasshoppers, Frozen Grasshoppers), End Use (Human Nutrition, Animal Nutrition), Distribution Channel (Offline, Online)-Global Forecast to 2030.
According to the research report titled, 'Edible Grasshoppers Market by Product Type (Dried Grasshoppers, Powdered Grasshoppers, Frozen Grasshoppers), End-use (Human Nutrition, Animal Nutrition), Distribution Channel (Offline, Online)-Global Forecast to 2030,' the edible grasshoppers market is projected to reach $236.35 million by 2030, at a CAGR of 20.4% during the forecast period 2023-2030. The report provides an in-depth analysis of the global edible grasshoppers market across five major regions, emphasizing the current market trends, market sizes, recent developments, and forecasts till 2030.
Following an extensive secondary and primary research, and an in-depth analysis of the market scenario, the report conducts the impact analysis of the key industry drivers, restraints, opportunities, and trends. The growth of this market is attributed to environmental benefits associated with grasshoppers, the growing need for protein alternatives as global food scarcity grows, and the rising demand for grasshoppers in the animal feed industry. Additionally, increasing awareness about edible insects offers significant growth opportunities for edible grasshopper vendors. However, the lack of a standardized regulatory framework, psychological, and ethical barriers about consuming insects as food, restrains the edible grasshoppers market growth.
The key players operating in the global edible grasshoppers market are Proscientia (China), Hargol FoodTech (Israel), Protix B.V. (Netherlands), Kreca Ento-Feed BV (Netherlands), and Heze Jianuojia Pet Products Co., Ltd. (China).
Based on product type, the edible grasshoppers market is segmented into dried grasshoppers, powdered grasshoppers, frozen grasshoppers, and others. In 2023, the dried grasshoppers segment is expected to account for the largest share of the edible grasshoppers market. The large market share of this segment is attributed to easy availability, the requirement for lower costs compared to processed grasshopper products, and the inaccessibility of processing techniques in some regions. However, the powdered grasshoppers segment is expected to register the highest CAGR during the forecast period.
Based on end-use, the edible grasshoppers market is segmented into human nutrition and animal nutrition. In 2023, the human nutrition segment is expected to account for the largest share of the edible grasshoppers market. The large market share of this segment is attributed to their acceptance & adoption as a food source, a diverse nutrient profile, and high demand for innovative & unique products. This segment is also expected to register the highest CAGR during the forecast period because it is considered as a reliable source of protein in health products.
Based on distribution channel, the edible grasshoppers market is segmented into offline and online distribution. In 2023, the offline distribution segment is expected to account for the largest share of the edible grasshoppers market. The high market share of the offline distribution segment of the edible grasshoppers replicates the enduring preference for traditional shopping experiences, local accessibility, the trust & familiarity of consumers with physical stores, and quick purchase of fresh produce.
An in-depth geographic analysis of the industry provides detailed qualitative and quantitative insights into the five major regions (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa), and the coverage of major countries in each region. In 2023, Europe is expected to account for the largest share of the edible grasshoppers market. Europe's major market share is attributed to the consumers' positive attitude toward the consumption of insects as food & feed, government approval for the grasshoppers, the well-established commercial farming market for edible insects, and established manufacturers. However, North America is projected to register the highest CAGR during the forecast period. The growth of this regional market is attributed to the growing demand for a sustainable protein diet, growing concerns about meat production, and increasing demand for insect-based products.
Key Questions Answered in the Report-
Edible Grasshoppers Market-by Product Type
Edible Grasshoppers Market-by End-Use
Edible Grasshoppers Market-by Distribution Channel
Edible Grasshoppers Market-by Geography