Edible Insects for Human Consumption Market to Reach US$1.1 Billion by 2034 as Sustainable Protein Source Gains Traction

In recent years, a quiet revolution has been taking place in the realm of food production and consumption. Edible insects, once considered a novelty or even a taboo in many cultures, are increasingly gaining recognition as a sustainable and nutritious source of protein. As the global popul

 

The edible insects for human consumption market is expected to grow at a compound annual growth rate (CAGR) of 5.3% over the following ten years, from a value of US$ 653.3 million in 2024 to over US$ 1.1 billion by the end of 2034.

Human-consumed edible insects like waxworms, mealworms, grasshoppers, beetles, ants, silkworms, and crickets are gaining popularity due to their sustainable nature, nutritional value, and ability to address food security concerns. The cultivation, distribution, processing, and eating of edible insects as food are all included in this industry.

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In recent years, a quiet revolution has been taking place in the realm of food production and consumption. Edible insects, once considered a novelty or even a taboo in many cultures, are increasingly gaining recognition as a sustainable and nutritious source of protein. As the global population continues to grow and concerns about food security and environmental sustainability intensify, the market for edible insects for human consumption is experiencing significant growth and attracting attention from consumers, businesses, and policymakers alike.

Competitive Landscape:

A number of companies and brands in the market are competing for a larger portion of the market share on the basis of factors including the quality of their products, pricing policies, distribution networks, creative techniques, and brand awareness.

A Sustainable Protein Solution

One of the primary drivers behind the increasing interest in edible insects is their remarkable sustainability. Compared to traditional livestock such as cattle, pigs, and poultry, insects require significantly fewer resources to produce the same amount of protein. They emit fewer greenhouse gases, require less water and land, and can be raised on organic waste streams, making them an environmentally friendly alternative to conventional livestock farming.

Key Companies Profiled:

  • CricketLab
  • EntomoFarms
  • Exo Inc.
  • Kreca Ento-Food BV
  • Protifarm Holding NV
  • Bitty Foods
  • Ynsect
  • Jimini's
  • Cricket Flours
  • C-fu Foods

 

Nutritional Benefits

In addition to their sustainability, edible insects offer a range of nutritional benefits. They are rich in protein, essential amino acids, vitamins, minerals, and healthy fats, making them a valuable addition to the diet. Certain insect species, such as crickets, mealworms, and black soldier fly larvae, have been shown to contain high levels of protein comparable to or even exceeding that of conventional meat sources. Moreover, insects are a natural source of micronutrients like iron, calcium, and B vitamins, further enhancing their nutritional value.

Expanding Market Opportunities

As awareness of the environmental and nutritional benefits of edible insects grows, so too does the market for these alternative protein sources. In recent years, numerous startups and established food companies have entered the edible insect market, offering a wide range of products including protein bars, snacks, pasta, burgers, and insect-based ingredients for use in food manufacturing. Additionally, insect farming operations are scaling up production to meet growing demand, with large-scale facilities being established in various parts of the world.

Challenges and Opportunities

Despite the promising growth prospects, the edible insect market still faces several challenges. Consumer acceptance and perception remain significant barriers in many regions, where cultural attitudes towards insects as food may be deeply ingrained. Regulatory frameworks governing the production and sale of edible insects also vary widely between countries, posing logistical challenges for businesses operating in this space.

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However, these challenges also present opportunities for innovation and collaboration. Education and outreach efforts can help to increase consumer acceptance and dispel myths surrounding edible insects. Moreover, collaboration between governments, industry stakeholders, and research institutions can facilitate the development of standardized regulations and best practices for insect farming and food production, ensuring the safety and quality of insect-based products.

Key Segments of Edible Insects for Human Consumption Market Research

  • By Product Type :
    • Whole
    • Ingredient
  • By Insect Type :
    • Beetles
    • Caterpillars
    • Hymenoptera
    • Orthoptera
    • True Bugs
  • By Region :
    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia Oceania
    • Middle East Africa (MEA)

As we look to the future, the potential of the edible insects for human consumption market is undeniable. With its sustainability, nutritional benefits, and diverse culinary possibilities, edible insects have the potential to play a significant role in addressing global food security and sustainability challenges. As consumer attitudes evolve, and the regulatory landscape matures, the edible insect market is poised to continue its growth trajectory, offering a promising solution to the pressing challenges facing our food systems.

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Lokesh C

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