Edible Insects Market Analysis APAC, North America, Europe, Middle East and Africa, South America - US, China, Thailand, South Korea, UK - Size and Forecast 2023-2027

Published: Mar 2024 Pages: 156 SKU: IRTNTR71637

Edible Insects Market Forecast 2023-2027

The edible insects market is estimated to increase by USD 4.51 billion and grow at a CAGR of 31.16% between 2022 and 2027. The growth of the market depends on several factors, including the growing food shortage across the globe, the high nutritional value derived from insects, and the low cost of Insect rearing. The market is experiencing substantial expansion fueled by the increasing severity of the global food shortage crisis. As reported by the FAO, approximately 768 million individuals grappled with hunger in 2020, exacerbated by disruptions in food supply due to the COVID-19 pandemic. Particularly vulnerable regions like APAC and Africa are confronting significant food inadequacies, impacting millions. With the FAO projecting a doubling of food shortage sufferers by 2030, there is a growing interest in alternative protein sources such as edible insects to address this pressing issue.

What will be the Size of the Edible Insects Market During the Forecast Period?

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Market Segmentation

This report extensively covers market segmentation by application (human consumption, animal nutrition, and cosmetics and pharmaceuticals), product type (whole insects, insect powder, and insect meal), and geography (APAC, North America, Europe, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

By Application

The market share growth by the human consumption segment will be significant during the forecast period. There are about 2,300 species of insect species for human consumption. Insects have been consumed by many cultures for over 7,000 years. Insects are a rich source of protein, fiber, good fats, and essential minerals, making them an excellent food source. 

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The human consumption segment was valued at USD 293.05 million in 2017 and continued to grow until 2021. According to Food and Agricultural Organization (FAO), around 2 billion people consume insects regularly. Moreover, insect rearing requires less land than livestock rearing, which helped meet the global food shortage. According to the FAO, around 768 million people were suffering from hunger in 2020 across the world, which is expected to double by 2030. Hence, the market for conducive to human consumption is expected to grow during the forecast period.

Key Regions

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APAC is estimated to contribute 43% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. APAC is the world's largest consumer. The major drivers of the Asia-Pacific edible insect market are food scarcity and tropical climates favorable for raising edible insects. Tropical insects are suitable for insect rearing because they are large and have a stable life cycle. Moreover, the food shortage in APAC is huge. According to the FAO, almost 468 million people faced the problem of hunger in the region in 2020. Countries are struggling to find new food sources to feed the growing populations. Edible insect rearing requires less land than livestock rearing, thus making insects an excellent alternative food source in the region. Hence, the market is expected to grow in the region during the forecast period.

Market Dynamics and Customer Landscape

The market is witnessing a surge in demand driven by concerns over resource scarcity, environmental degradation, and greenhouse gas emissions associated with traditional protein production methods. As consumers seek sustainable and eco-friendly alternatives, edible insects are gaining traction as a viable protein source. These alternative protein sources offer nutritional benefits, including essential amino acids and minerals, while also promoting the principles of a circular economy. Products like Cricket Pasta cater to the growing demand from entotarians and health-conscious consumers. Regulatory frameworks for edible insects are evolving to ensure safety and quality standards. With increased accessibility and affordability through retail outlets, edible insects are finding applications in both human food and animal feed industries, further fueling demand and awareness about their ecological and nutritional advantages in the market. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Market Driver

The market is witnessing significant growth driven by the escalating global food shortage crisis. According to the FAO, approximately 768 million people suffered from hunger in 2020, with the COVID-19 pandemic exacerbating food supply disruptions. Regions such as APAC and Africa are particularly affected, with millions facing food inadequacy. As the FAO predicts a doubling of the number of people suffering from food shortages by 2030, alternative protein sources like edible insects are gaining traction. These protein-rich sources offer nutritional benefits while being environmentally sustainable and easily grown in tropical regions, addressing resource scarcity concerns. Regulatory frameworks for edible insects are evolving, making them more accessible and affordable. With increasing awareness and demand from both food and feed industries, the edible insects market is poised for substantial growth in the forecast period, contributing to a more sustainable food ecosystem.

Significant Market Trend

Growing knowledge about the benefits is the primary trend in market growth.  The growing consumer awareness of the benefits of consuming is an important market trend. The environmental and nutritional benefits of eating insects are gaining the attention of consumers, who are becoming more aware of the need for more sustainable and nutritious food options. Consumers who are concerned about the environment are discovering edible insects to be a highly sustainable source of protein, whose production involves much fewer resources than conventional livestock.

In addition to being a common food in many cultures around the world, insects are also a rich source of important nutrients like protein, vitamins, and minerals. Hence, this trend is expected to drive the growth of the market in focus during the forecast period.

Major Market Challenge

The high risk of contamination is a major challenge to the growth of the global market.  Heavy metals, pesticides, and bacteria are just a few of the environmental hazards that insects commonly come into contact with. These risks are especially high when insects are bred in organic waste that may contain dangerous pathogens. Contamination can happen at different stages of insect production and processing, right from feed sources to handling and packaging, which poses a serious risk to the health and safety of consumers and may result in legal problems and product recalls.

Companies operating in the global market must have stringent quality control procedures in place and ensure that their goods adhere to stringent safety standards in order to overcome this difficulty. This entails performing routine checks for contaminants in insects and feed sources, as well as following the right handling and processing guidelines to prevent contamination. Hence, contamination can be a potential challenge, which can hinder the growth of the market in focus during the forecast period.

Key Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Market Customer Landscape

Who are the Major Edible Insects Market Players?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

All Things Bugs LLC: The company offers edible insects such as Griopro insect powder. Also, the company offers insect agriculture industrial products.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market players, including:

  • Armstrong Crickets Georgia
  • Aspire Food Group
  • Beta Hatch
  • Bioflytech
  • Darling Ingredients Inc.
  • Eat Grub
  • Edible Bug Shop
  • Entomo Farms
  • Global Bugs Asia Co. Ltd.
  • Hargol FoodTech
  • HEXAFLY
  • Innovafeed SAS
  • JR Unique Foods Ltd.
  • MealFood Europe SL
  • nextProtein SA

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Application Outlook
    • Human consumption
    • Animal nutrition
    • Cosmetics and pharmaceuticals
  • Product type Outlook 
    • Whole insects
    • Insect powder
    • Insect meal
  • Region Outlook
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Argentina
      • Brazil
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Market Analyst Overview

The market is rapidly growing, driven by factors such as the increasing accessibility and affordability of alternative protein sources. With the rising demand for sustainable and eco-friendly high protein diets, edible insects are gaining traction as a viable solution. Agriprotein Technologies and other companies are pioneering innovative cultivation practices to meet this demand. Edible insects offer essential nutrients such as amino acids and necessary minerals, appealing to health-conscious consumers following ketogenic or paleo diets. Despite some psychological barriers and ethical concerns, the market is expanding with the introduction of new products like cricket pasta and protein bars. With regulatory frameworks evolving and environmental regulations emphasizing sustainability, the edible insects market presents promising opportunities for food industries, athletes, and consumers seeking protein-rich, eco-friendly alternatives.

Moreover, the market is experiencing a surge in interest due to factors such as changing eating habits, environmental concerns, and the search for alternative protein sources. As accessibility and affordability of edible insects increase, they are gaining traction in various sectors, including agriculture farming and animal feed industries. Edible insects offer a sustainable protein alternative with lower ecological footprints compared to traditional protein production methods. With innovative companies like Exo Protein and Six Foods leading in new product development, insect-based products are becoming more accessible through retail outlets. Despite ethical barriers and regulatory frameworks, the market for insect-based products is expanding as consumers embrace the potential health benefits and environmental advantages of incorporating insects into their diets.

The market is witnessing remarkable growth driven by various factors such as increasing awareness about sustainable food sources, environmental degradation concerns, and resource scarcity. Edible insects, including mealworms, crickets, grasshoppers, and black soldier flies, are gaining popularity as protein-rich food alternatives. As people become more conscious of their ecological footprint and cholesterol levels, they are turning to insect-based protein as part of diets like the ketogenic and paleo diets. Regulatory frameworks for edible insects are evolving to ensure food safety standards. Companies like Gathr Foods and Thailand Unique are leading the way in insect farming and product innovation. With the rise of entotarians and the growing demand for plant-based protein, the edible insects market is poised for significant expansion in the food and feed industries.

Allergies to animal-based protein, including those from ants, buffalo, and cicadas, are a growing concern for many individuals. As traditional BBQ fare often revolves around animal protein, alternative sources like chirps (made from insects) are gaining popularity. These alternatives not only cater to dietary restrictions but also offer potential health benefits, such as lower cholesterol levels. As more people explore diverse protein options, the food industry is adapting to accommodate these preferences, highlighting the shifting landscape of dietary choices and allergy considerations.

Edible Insects Market Scope

Report Coverage

Details

Page number

156

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 31.16%

Market growth 2023-2027

USD 4.51 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

29.46

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 43%

Key countries

US, China, Thailand, South Korea, and UK

Competitive landscape

 Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

All Things Bugs LLC, Armstrong Crickets Georgia, Aspire Food Group, Beta Hatch, Bioflytech, Darling Ingredients Inc., Eat Grub, Edible Bug Shop, Entomo Farms, Global Bugs Asia Co. Ltd., Hargol FoodTech, HEXAFLY, Innovafeed SAS, JR Unique Foods Ltd., MealFood Europe SL, nextProtein SA, Nutrition Technologies, Protenga Pte. Ltd., Protix BV, and Ynsect SAS

Market dynamics

Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period.

Customization purview

If our market research report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
  • Precise estimation of the size of the market size and its contribution to the parent market
  • Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
  • Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
  • Thorough market growth analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Product Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global edible insects market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global edible insects market 2017 - 2021 ($ million)
    • 4.2 Application Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million)
    • 4.3 Product type Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Product type Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Exhibit 30: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Application - Market share 2022-2027 (%)
    • 6.2 Comparison by Application
      • Exhibit 32: Chart on Comparison by Application
      • Exhibit 33: Data Table on Comparison by Application
    • 6.3 Human consumption - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Human consumption - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Human consumption - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Human consumption - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Human consumption - Year-over-year growth 2022-2027 (%)
    • 6.4 Animal nutrition - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Animal nutrition - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Animal nutrition - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Animal nutrition - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Animal nutrition - Year-over-year growth 2022-2027 (%)
    • 6.5 Cosmetics and pharmaceuticals - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Cosmetics and pharmaceuticals - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on Cosmetics and pharmaceuticals - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on Cosmetics and pharmaceuticals - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Cosmetics and pharmaceuticals - Year-over-year growth 2022-2027 (%)
    • 6.6 Market opportunity by Application
      • Exhibit 46: Market opportunity by Application ($ million)
      • Exhibit 47: Data Table on Market opportunity by Application ($ million)

    7 Market Segmentation by Product Type

    • 7.1 Market segments
      • Exhibit 48: Chart on Product Type - Market share 2022-2027 (%)
      • Exhibit 49: Data Table on Product Type - Market share 2022-2027 (%)
    • 7.2 Comparison by Product Type
      • Exhibit 50: Chart on Comparison by Product Type
      • Exhibit 51: Data Table on Comparison by Product Type
    • 7.3 Whole insects - Market size and forecast 2022-2027
      • Exhibit 52: Chart on Whole insects - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Data Table on Whole insects - Market size and forecast 2022-2027 ($ million)
      • Exhibit 54: Chart on Whole insects - Year-over-year growth 2022-2027 (%)
      • Exhibit 55: Data Table on Whole insects - Year-over-year growth 2022-2027 (%)
    • 7.4 Insect powder - Market size and forecast 2022-2027
      • Exhibit 56: Chart on Insect powder - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Data Table on Insect powder - Market size and forecast 2022-2027 ($ million)
      • Exhibit 58: Chart on Insect powder - Year-over-year growth 2022-2027 (%)
      • Exhibit 59: Data Table on Insect powder - Year-over-year growth 2022-2027 (%)
    • 7.5 Insect meal - Market size and forecast 2022-2027
      • Exhibit 60: Chart on Insect meal - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Data Table on Insect meal - Market size and forecast 2022-2027 ($ million)
      • Exhibit 62: Chart on Insect meal - Year-over-year growth 2022-2027 (%)
      • Exhibit 63: Data Table on Insect meal - Year-over-year growth 2022-2027 (%)
    • 7.6 Market opportunity by Product Type
      • Exhibit 64: Market opportunity by Product Type ($ million)
      • Exhibit 65: Data Table on Market opportunity by Product Type ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 67: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 68: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 69: Chart on Geographic comparison
      • Exhibit 70: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 71: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 72: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 73: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 74: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 North America - Market size and forecast 2022-2027
      • Exhibit 75: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 76: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 77: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 78: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.5 Europe - Market size and forecast 2022-2027
      • Exhibit 79: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 80: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 81: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.7 South America - Market size and forecast 2022-2027
      • Exhibit 87: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 88: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 89: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 91: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 92: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 93: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 China - Market size and forecast 2022-2027
      • Exhibit 95: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 96: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 97: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.10 Thailand - Market size and forecast 2022-2027
      • Exhibit 99: Chart on Thailand - Market size and forecast 2022-2027 ($ million)
      • Exhibit 100: Data Table on Thailand - Market size and forecast 2022-2027 ($ million)
      • Exhibit 101: Chart on Thailand - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on Thailand - Year-over-year growth 2022-2027 (%)
    • 9.11 UK - Market size and forecast 2022-2027
      • Exhibit 103: Chart on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 104: Data Table on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 105: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.12 South Korea - Market size and forecast 2022-2027
      • Exhibit 107: Chart on South Korea - Market size and forecast 2022-2027 ($ million)
      • Exhibit 108: Data Table on South Korea - Market size and forecast 2022-2027 ($ million)
      • Exhibit 109: Chart on South Korea - Year-over-year growth 2022-2027 (%)
      • Exhibit 110: Data Table on South Korea - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 111: Market opportunity by geography ($ million)
      • Exhibit 112: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 113: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 114: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 115: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 116: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 117: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 118: Matrix on vendor position and classification
            • 12.3 All Things Bugs LLC
              • Exhibit 119: All Things Bugs LLC - Overview
              • Exhibit 120: All Things Bugs LLC - Product / Service
              • Exhibit 121: All Things Bugs LLC - Key offerings
            • 12.4 Armstrong Crickets Georgia
              • Exhibit 122: Armstrong Crickets Georgia - Overview
              • Exhibit 123: Armstrong Crickets Georgia - Product / Service
              • Exhibit 124: Armstrong Crickets Georgia - Key offerings
            • 12.5 Aspire Food Group
              • Exhibit 125: Aspire Food Group - Overview
              • Exhibit 126: Aspire Food Group - Product / Service
              • Exhibit 127: Aspire Food Group - Key offerings
            • 12.6 Beta Hatch
              • Exhibit 128: Beta Hatch - Overview
              • Exhibit 129: Beta Hatch - Product / Service
              • Exhibit 130: Beta Hatch - Key offerings
            • 12.7 Darling Ingredients Inc.
              • Exhibit 131: Darling Ingredients Inc. - Overview
              • Exhibit 132: Darling Ingredients Inc. - Business segments
              • Exhibit 133: Darling Ingredients Inc. - Key offerings
              • Exhibit 134: Darling Ingredients Inc. - Segment focus
            • 12.8 Eat Grub
              • Exhibit 135: Eat Grub - Overview
              • Exhibit 136: Eat Grub - Product / Service
              • Exhibit 137: Eat Grub - Key offerings
            • 12.9 Edible Bug Shop
              • Exhibit 138: Edible Bug Shop - Overview
              • Exhibit 139: Edible Bug Shop - Product / Service
              • Exhibit 140: Edible Bug Shop - Key offerings
            • 12.10 Entomo Farms
              • Exhibit 141: Entomo Farms - Overview
              • Exhibit 142: Entomo Farms - Product / Service
              • Exhibit 143: Entomo Farms - Key offerings
            • 12.11 Global Bugs Asia Co. Ltd.
              • Exhibit 144: Global Bugs Asia Co. Ltd. - Overview
              • Exhibit 145: Global Bugs Asia Co. Ltd. - Product / Service
              • Exhibit 146: Global Bugs Asia Co. Ltd. - Key offerings
            • 12.12 Hargol FoodTech
              • Exhibit 147: Hargol FoodTech - Overview
              • Exhibit 148: Hargol FoodTech - Product / Service
              • Exhibit 149: Hargol FoodTech - Key offerings
            • 12.13 Innovafeed SAS
              • Exhibit 150: Innovafeed SAS - Overview
              • Exhibit 151: Innovafeed SAS - Product / Service
              • Exhibit 152: Innovafeed SAS - Key offerings
            • 12.14 JR Unique Foods Ltd.
              • Exhibit 153: JR Unique Foods Ltd. - Overview
              • Exhibit 154: JR Unique Foods Ltd. - Product / Service
              • Exhibit 155: JR Unique Foods Ltd. - Key offerings
            • 12.15 Nutrition Technologies
              • Exhibit 156: Nutrition Technologies - Overview
              • Exhibit 157: Nutrition Technologies - Product / Service
              • Exhibit 158: Nutrition Technologies - Key offerings
            • 12.16 Protix BV
              • Exhibit 159: Protix BV - Overview
              • Exhibit 160: Protix BV - Product / Service
              • Exhibit 161: Protix BV - Key offerings
            • 12.17 Ynsect SAS
              • Exhibit 162: Ynsect SAS - Overview
              • Exhibit 163: Ynsect SAS - Product / Service
              • Exhibit 164: Ynsect SAS - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 165: Inclusions checklist
                • Exhibit 166: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 167: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 168: Research methodology
                • Exhibit 169: Validation techniques employed for market sizing
                • Exhibit 170: Information sources
              • 13.5 List of abbreviations
                • Exhibit 171: List of abbreviations
              • food allergy among consumers: There is an increase in the number of people suffering from food allergies globally. Food allergy is caused when the immune system reacts to the ingestion of certain foods. Ingredients of packaged foods and meats that can create allergic reactions in some people include (but are not limited to) milk, eggs, fish, crustacean shellfish (e.g., crab, lobster, and shrimp), tree nuts (e.g., almonds, walnuts, and pecan), peanuts, wheat, and soybeans. Even consumption of small amounts of food allergens can trigger signs and symptoms such as digestive problems, hives, and swollen airways. In some people, a food allergy can cause severe symptoms, or even a life-threatening reaction is, known as anaphylaxis. For example, in the US, nearly 3% of the adult population suffers from shellfish allergy.

                Research Framework

                Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                INFORMATION SOURCES

                Primary sources

                • Manufacturers and suppliers
                • Channel partners
                • Industry experts
                • Strategic decision makers

                Secondary sources

                • Industry journals and periodicals
                • Government data
                • Financial reports of key industry players
                • Historical data
                • Press releases

                DATA ANALYSIS

                Data Synthesis

                • Collation of data
                • Estimation of key figures
                • Analysis of derived insights

                Data Validation

                • Triangulation with data models
                • Reference against proprietary databases
                • Corroboration with industry experts

                REPORT WRITING

                Qualitative

                • Market drivers
                • Market challenges
                • Market trends
                • Five forces analysis

                Quantitative

                • Market size and forecast
                • Market segmentation
                • Geographical insights
                • Competitive landscape

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                Key Questions Answered

                • What are the key global market and the regional market share?
                • What are the revenue-generating key market segments?
                • What are the key factors driving and challenging this market’s growth?
                • Who are the key market vendors and their growth strategies?
                • What are the latest trends influencing the growth of this market?
                • What are the variables influencing the market growth in the primary regions?
                • What are the factors influencing the growth of the parent market?

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