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The edible insects market size is forecast to increase by USD 11.42 billion at a CAGR of 46.02% between 2023 and 2028. The market is experiencing significant growth due to increasing food shortages worldwide and the adoption of insects as a sustainable food source in the food industries. The use of edible insects in processed foods is a burgeoning trend, with companies like Gathr Foods leading the way in producing innovative insect-based products. However, the market faces challenges such as low acceptance of insects as a food source by consumers, requiring efforts to promote their health benefits and sustainability. Insect farming for human food production reduces greenhouse gas emissions compared to traditional livestock farming, making it an environmentally friendly alternative. Insect meal and insect powder derived from insect farming are also gaining popularity as sustainable sources of protein in animal feed.
The market is expected to grow further with the development of new insect types and the expansion of insect farming techniques.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Product Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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