Latest News- Edible Insects Market: Human consumption is expected to lead the Application segment during 2024-2028

The Edible Insects Market is being driven by Growing food shortage across the globe

The Edible Insects Market is expected to grow at a CAGR of 46.02% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 11422.9 million. In the edible insect market, the processing of insects is a crucial factor in expanding consumer acceptance. By transforming the physical form of insects through techniques such as lipid extraction, crushing, and low-temperature processing, the nutritional value is preserved. Notable processed insect food products include insect flour, insect protein powders, and edible insect paste. The increasing popularity of processed edible insects is driving market growth, as consumers become more accustomed to these innovative food forms during the forecast period. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Human consumption
  • Animal nutrition
  • Cosmetics and pharmaceuticals
• Product Type
  • Whole insects
  • Insect powder
  • Insect meal
• Geography
  • APAC
    • China
    • South Korea
    • Thailand
  • North America
    • US
  • Europe
    • UK
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing food shortage across the globe
• High nutritional value derived from insects
• Low cost of insect rearing

However, the market also witnesses some limitations, which are as follows:

• Low acceptance of edible insects as a food source
• High risk of contamination
• Challenges related to expertise and supply chain management

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Market Scope in Edible Insects Market Research Report

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Research Analysis Overview

The Edible Insects Market encompasses the production of insect biomass, characterized by its nutritional composition, amino acid profile, and fatty acid composition. Insect growth regulators, substrate optimization, waste stream utilization, climate control systems, and automation technologies are essential for efficient production. Food security solutions, novel food ingredients, allergen risk assessment, microbial contamination, processing optimization, and quality control measures ensure product safety and consumer acceptance. Environmental impact assessment, economic feasibility studies, farm waste management, scale-up strategies, production efficiency, insect species selection, breeding techniques, disease prevention, and biosecurity protocols are crucial for sustainable and profitable insect farming operations.

Market Research Overview

The edible insects market encompasses businesses engaged in insect farming, protein content analysis, and chitin extraction methods. Insect farming techniques involve raising insects for human consumption, ensuring sustainable production and high nutritional value. Protein content analysis is crucial for determining the market value of edible insects, as they are a rich source of essential amino acids. Chitin extraction methods are employed to derive health benefits from insect exoskeletons, such as enhancing food texture and nutritional value. The global market for edible insects is gaining traction due to the nutritional benefits of entomophagy, which includes high protein content, essential minerals, and vitamins. This emerging market is expected to grow significantly, driven by increasing consumer awareness and demand for sustainable, nutrient-dense food sources.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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