Edible Insects Market, By Product Type (As a Whole (Steam or Fried, Raw, BBQ), As an Ingredient (Drinks, Insect Confectionery, Snack and Backed Products, Others)), By Insect Type (Beetles, Caterpillars, Hymenoptera, Orthoptera, True Bugs, Others), and By Region (North America, Latin America, Asia Pacific, Europe, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027

Published In : Apr 2020

Code : CMI3802

Pages :120

Formats :

Excel and PDF

Industry : Food and Beverages

Edible Insects MarketSize and Trends

The global edible insects market is projected to surpass US$ 850 million by the end of 2027, in terms of revenue, growing at CAGR of 6.7% during the forecast period (2020 to 2027).

Figure 1. Global Edible Insects Market, Revenue Share (%), By Region, 2019

Figure 2. Global Edible Insects Market – Opportunity Analysis

Figure 3. Global Edible Insects Market, Revenue Share (%), By Insect Type, In 2019

On the basis of insect type, beetles dominated the global edible insects market in 2019 with around 30% of market share in terms of revenue, followed by caterpillar and hymenoptera, respectively.

Market Trends

Growing cases of livestock disease are creating demand for edible insects which is further expected to fuel the market growth over the forecast period. The growing demand for cricket flour which is gluten-free which can be used for producing various food products is further expected to propel the market growth over the forecast period.

Increasing demand for invertebrates for treating malnutrition since edible insects are easy to digest is expected to foster market growth. The rising trend of consuming powder form of edible insects in pizza and other food products for enhancing the taste is estimated to accelerate the market growth.