Edible Insects Market Surpasses USD 2.8 Billion in 2022, Set to Soar with 12.4% CAGR by 2028

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Edible Insects Market Surpasses USD 2.8 Billion in 2022, Set to Soar with 12.4% CAGR by 2028

Global Edible Insects Market: Key Insights on Size, Share, and Industry Trends, Growth.

Markntel Advisors has conducted an in-depth analysis of the Global Edible Insects Market, encompassing the forecast period from 2023-28 and utilizing data from the historical span of 2018-21, with 2022 as the base year. Our proficient team of analysts has devoted substantial time to gather and examine the latest market information, ensuring the delivery of a comprehensive and current report. This market research analysis is particularly beneficial for decision-makers relying on data, including business owners and analysts. This research report on market by us serves as a strategic guide for businesses, offering a detailed roadmap to navigate the complexities of the market and capitalize on lucrative opportunities for sustainable Edible Insects Industry growth.

What is the current Global Edible Insects market size and its projected growth for the Coming Years 2028?

The Global Edible Insects Market size is valued at USD 2.8 Billion in 2022 and is projected to grow at a CAGR of around 12.4% during the forecast period, i.e., 2023-28. The market's growth is driven primarily by the burgeoning requirements for high-protein low-fat food worldwide. 

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What are the Edible Insects Market Growth Prospects?

Rising Awareness about the Various Health Benefits of Edible Insects: Amidst the pandemic, many countries imposed restrictions on meat production and banned breeding, hunting, consumption of wild animals, which resulted in the shutdown of meat processing units. Besides, increased health awareness and an upsurge in soybean prices made people look for adopt better nutritional supplements to maintain their overall well-being. It, in turn, propagated the demand for protein substitutes like insect-based meals, owing to their higher nutritional value affordability.

A Thorough Examination of the Fragmented Edible Insects Market

Our research yields valuable insights into crucial Edible Insects market trends, consumer behaviour, and competitive landscapes across various industries. We meticulously monitor market trends to illuminate both positive and negative factors that have historically impacted consumer behaviour. Additionally, our report provides an extensive analysis of market challenges and constraints that hindered growth in the past or are expected to emerge during the forecast period.

Name of Leading Edible Insects Companies in the Market-

  • AgriProtein Technologies
  • Aspire Food Group
  • All Things Bugs
  • Beta Hatch
  • Bioflytech
  • DeliBugs Ltd.
  • Eat Grub Ltd.
  • Thailand Unique
  • Nordic Insect Economy Ltd.
  • Kreca Ento - Food BV
  • Entomo Farms Ltd.
  • Protifarm NV
  • EnviroFlight LLC
  • EntoCube, Ltd.
  • Entomo Farms
  • Haocheng Mealworm Inc.
  • Hargol FoodTech
  • Ÿnsect SAS
  • Others

Our inclusive coverage of lucrative prospects renders our research analysis valuable for investors and other stakeholders.

Explore the Complete Edible Insects Market Analysis Report - https://www.marknteladvisors.com/research-library/edible-insects-market.html

What Segments Are Discussed in the Edible Insects Market Report?

The Edible Insects Market displays high resilience and fragmentation, comprising numerous segments like:

  • By Insect Type
    • Crickets
    • Mealworms
    • Black Soldier Flies
    • Buffalo’s
    • Grasshoppers
    • Ants
    • Silkworms
    • Cicadas
    • Beetles
    • Caterpillar
    • Others
  • By Product Type
    • Insect Powder
    • Protein Bars
    • Whole Insects
  • By End User
    • Human Consumption
    • Animal Feed
    • Agriculture

further subdivided into various sub-segments. Recognizing market segmentation is crucial for businesses to tailor their strategies, products, and services to meet the specific needs and demands of their target customers. Through a meticulous analysis of market segments and associated sub-segments, businesses can identify new growth opportunities, forecast market trends, and formulate effective marketing and sales strategies.

On the geographical front, the Edible Insects Market expands across the following:

By Region

  • North America
  • South America
  • Europe
  • The Middle East Africa
  • Asia-Pacific

This geographic segmentation empowers businesses to gain insights into geographical differences in consumer behaviour, preferences, and demand. Such insights can inform decisions related to expansion plans, partnerships, and product localization strategies.

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Require Additional Help?

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Why to Buy this Detailed Analyzed Report?

  • Gain insights into the industry's size, share, and growth patterns.
  • Stay informed about the latest trends shaping the Edible Insects industry.
  • In-depth analysis of factors influencing the industry's growth.
  • Insights into potential opportunities and development avenues in the Edible Insects market.
  • Understand the current and projected demand dynamics in the Edible Insects industry.
  • Make strategic decisions based on a thorough understanding of Edible Insects market demand.
  • Navigate the competitive landscape confidently with our industry-focused guide.

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