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Edible Insects Market Size - By Product (Beetles, Caterpillars, Grasshoppers, Bees, Wasps, Ants, Scale Insects & Tree Bugs), Application (Flour, Protein Bars, Snacks), Industry Analysis Report, Growth Prospects, Regional Outlook & Global Forecast, 2023 – 2032

  • Report ID: GMI501
  • Published Date: Nov 2023
  • Report Format: PDF

Edible Insects Market Size

Edible Insects Market size is expected to grow at over 47% CAGR between 2023 and 2032. There is a rising demand for alternative protein sources as the global population burgeons. The traditional protein production methods are facing challenges such as resource scarcity and environmental degradation. Edible insects provide a highly effective and sustainable solution, requiring minimal land, water, and feed compared to traditional livestock, making them an attractive option to meet the escalating need for protein in a resource-constrained world. As per NIH, data extracted from two extensive U.S. cohort studies, it has been determined that, on average, adults derive around 18% of their energy intake from protein.
 

Edible Insects Market

To understand key trends  

There is a growing awareness of the environmental impact of conventional agriculture. Insects produce fewer greenhouse gases and have a smaller ecological footprint compared to traditional livestock. The cultivation of insects for intake also aligns with the principles of circular economy, as insects can be reared on organic waste.

 

Further, the rising interest in exotic and novel food experiences contributes to the growth of edible insects market. As global cuisine becomes more diverse, adventurous consumers seek out unique and culturally significant foods, including those incorporating edible insects. The fusion of culinary creativity and nutritional benefits position edible insects as an exciting option in the evolving landscape of global food consumption.
 

There is a psychological barrier among consumers in many Western societies, where the acceptance of insects as a mainstream food source remains limited. Deep-seated cultural aversions and perceptions of insects as pests rather than as a viable and nutritious protein source pose a formidable challenge. Overcoming these ingrained biases needs extensive education and awareness campaigns to reshape consumer attitudes and dispel misconceptions surrounding the consumption of edible insects. Additionally, regulatory frameworks and standards for insect-based products differ widely across regions, creating a barrier to market growth.
 

Covid-19 Impact

The COVID-19 pandemic had dual impact on the edible insects market. On the downside, disruptions in the global supply chain, restrictions on movement, and logistical constraints affected the production and supply of insect-based products. The closure of restaurants and foodservice establishments during lockdowns further affected the product accessibility. However, on a positive note, the pandemic heightened awareness of the vulnerabilities in traditional food systems and intensified the focus on sustainable and resilient alternatives creating a positive industry outlook.
 

Edible Insects Market Trends

There is a growing emphasis on the nutritional benefits of insects. The consumers have become more receptive to the idea of including insects into familiar food items. From protein bars and snacks to pasta and baked goods, innovative food producers are exploring diverse and palatable methods to introduce edible insects. For instance, Thailand based Bugsolutely introduced Cricket Pasta, a sustainable superfood with 20% cricket flour. The product is claimed to be sustainable, healthy, and delicious.
 

Another notable trend is the rise of insect farming and cultivation practices. As the demand for edible insects grows, there is a corresponding surge in the production efforts. Insect farms are adopting innovative technologies to increase yield, scale, and nutritional content. The broader movement toward sustainable agriculture, providing a more resource-efficient alternative to traditional livestock farming, will shape the edible insects market outlook.
 

Insects are rich in protein, fiber, and essential nutrients, making them as a valuable component of balanced diets. As per the International Food Information Council data, 23 million Americans opted to adhere to a ketogenic, or "keto," dietary approach in 2022. With the popularity of supplement diets such as paleo and keto, which emphasize protein consumption, edible insects are gaining recognition as a nutritionally dense protein source. This is leading to new product innovations, such as insect-based protein supplements and functional food products, further increasing the reach and appeal of the product in the wider food industry.
 

Edible Insects Market Analysis

Based on product, grasshopper segment will witness significant growth through 2032, as it is an excellent source of nutrients.
 

  • Grasshoppers are rich in protein, healthy fats, and essential vitamins and minerals. As consumers progressively prioritize nutrient-dense food options, the product stands out as a sustainable and healthy choice.
     
  • They are known for their mild flavor and versatile culinary applications. They can be easily included into a variety of dishes, ranging from snacks and appetizers to main courses.
     

The protein bars application of edible insects market will generate notable revenues by 2032, owing to rising demand for high quality protein and amino acid sources.
 

  • Protein bars offer a convenient and easy way of consuming insect-based protein. As busy lifestyles and on-the-go snacking become increasingly prevalent, consumers are seeking quick and nutritious options.
     
  • As individuals become more adventurous in their food choices and express interest in sustainable protein alternatives, edible insects based protein bars will gain wider popularity.
     

Europe Edible Insects Market size will expand substantially during 2023 to 2032. There is a rising emphasis on sustainability and eco-friendly food sources in the region. As awareness of the environmental impact of traditional livestock farming grows, consumers are turning to edible insects as a more sustainable protein alternative, given their lower resource requirements and reduced ecological footprint. Furthermore, changing attitudes toward food, combined with a rising demand for new and diverse culinary experiences, are fueling acceptance and integration of the product into European diets.
 

Edible Insects Market Share

Leading edible insects industry companies, including Six Foods, are focussing to expand their regional footprint with strategic partnerships, mergers, and product launches. The company, known for its cricket-based snacks under the brand name Chirps, has played a vital role in mainstreaming insect consumption by creating palatable and familiar products such as chips. Six Foods has successfully leveraged consumer-friendly packaging and effective marketing strategies to gain prominence. Similar steps are being undertaken by other industry players, namely:

  • Crik Nutrition
  • HaoCheng Mealworms
  • Exo Protein
  • Agriprotein Technologies
  • Crowbar Protein
  • Kreca
  • Crickers
  • Thailand Unique
  • EnviroFlight
  • Bugsolutely
  • Gathr Foods
  • Nutribug
     

Edible Insects Industry News

  • In January 2023, Ynsect significantly broadened its international footprint by successfully establishing Ynfarm, recognized as the largest insect farm globally. This strategic expansion aims to enhance the company's capacity to efficiently deliver its products to clients, marking a pivotal milestone in Ynsect's commitment to meeting the growing demand for insect-based products.
     
  • In October 2023, at a noteworthy gathering hosted at Chinhoyi University of Technology in Zimbabwe, the cookbook titled "Edible Insects: Food for the Future" was revealed, illuminating the untapped culinary potential of edible insects within African cuisine.
     

The edible insects market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Tons & revenue in US$ Thousand from 2018 to 2032 for the following segments.

Market, By Product

  • Beetles
  • Caterpillars
  • Grasshoppers
  • Bees
  • Wasps
  • Ants
  • Scale Insects & Tree Bugs

Market, By Application

  • Flour
  • Protein Bars
  • Snacks
  • Others

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Belgium
    • Netherlands
  • Asia Pacific
    • China
    • Indonesia
    • Thailand
    • Vietnam
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa

 

Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

The market size of edible insects is projected to witness 47% CAGR during 2023 to 2032, backed by the rising interest in exotic and novel food experiences, along with cognizance of rich protein profile of insects.
The protein bars application segment will generate notable revenues by 2032, owing to rising demand for high quality protein and amino acid sources.
Europe market size will expand substantially between 2023 and 2032, as there is a rising emphasis on sustainability and eco-friendly food sources in the region, that is encouraging consumers to shift to sustainable protein alternatives.
Crik Nutrition, HaoCheng Mealworms, Exo Protein, Agriprotein Technologies, Crowbar Protein, Kreca, Crickers, Thailand Unique, and EnviroFlight.

Edible Insects Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 29
  • Tables & Figures: 121
  • Countries covered: 11
  • Pages: 170
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