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Edible Insects Market Trends

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

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.

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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