Skip to main content

Edible Insects Market Demand Likely to Swell As Technological Motivation Is Eminent, Details Gvr Report

The global edible insects market size is expected to reach USD 1.4 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 19.7% over the forecast period. Growing consumer awareness regarding health due to unhealthy food consumption and shifting trend towards protein-rich diets with the convenience of ready-to-eat meals are expected to drive the market in the coming years.
Increasing awareness about the health benefits associated with the product such as lowering obesity and calories and high nutritional value is expected to propel the market growth. In many countries such as South Africa, the product is used as a medicine to cure malnutrition as they are easy to digest. This is also one of the prominent factors anticipated to drive the market in the coming years.
North America is the leading contributor to the market growth and it accounted for more than 25.0% share in 2018. Growing demand for high protein foods and reduction in the consumption of processed food are the key driving factors in the region. Europe is the fastest growing region and is anticipated to expand at a CAGR of 21.5% in the forecast period. Increasing farming of the invertebrates and awareness among the consumers about their health benefits are driving the edible insects market in the region.
Globally, beetles are the most preferred insects for consumption and they accounted for more than 30.0% share of the overall revenue in 2018. Beetles find their role in biodegradation as their larvae clean up the dead plants by breaking them into organic matter, thereby driving the segment in the forecast period. Cricket is anticipated to expand at the fastest CAGR of 20.9% in the forecast period. High protein content and easy farming procedure are the prominent factors for the growth of the segment.
Insect powder is the most preferred way for consumption and it accounted for more than 40.0% share of the overall revenue in 2018. Easy availability, low cost, and wide application of the product are the prominent factors driving the segment. They are easy to store and last longer as compared to protein bars. Protein bars require a certain temperature to remain fresh and they come with immediate consumption or 2-3 months of expiry but powder form can be kept at room temperature and can last long.
To request a sample copy or view summary of this report, click the link below: https://www.grandviewresearch.com/industry-analysis/edible-insects-market
U.S. edible insects market
Further key findings from the report suggest:
  • By application, the powder segment accounted for more than 40.0% share of the overall revenue in 2018
  • Beetles are the most preferred type of insects for consumption and they accounted for more than 30.0% share of the global edible insects market revenue in 2018
  • The cricket product segment is anticipated to expand at the fastest CAGR of 20.9% due to its easy availability and high protein content.
Grand View Research has segmented the global edible insects market on the basis of product, application, and region:
Edible Insects Product Outlook (Revenue, USD Billion, 2015 - 2025)
  • Beetles
  • Caterpillar
  • Cricket
  • Others
Edible Insects Application Outlook (Revenue, USD Billion, 2015 - 2025)
  • Powder
  • Protein Bars
  • Others
About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Comments

Post a Comment

Popular posts from this blog

Hexane Market Quantitative Hexane Market Analysis Current and Future Trends 2025

The global  hexane market  is expected to reach USD 2.36 billion by 2024, according to a new report by Grand View Research, Inc. The growth of oil extraction industry is expected to remain a key factor driving the global hexane market over the forecast period. Growing use of hexane across key end-use industries such as rubber and petrochemical is anticipated to boost the global market over the next eight years. It is extensively used as a special purpose solvent and as an oil extractant in industries such as printing, textiles, and leather. Extraction emerged as the dominant grade owing to its wider applicability and demand from growing edible oil industry. The grade accounted for over 55% of the overall consumption in 2015. Edible oil demand has been witnessing significant growth for the past few years owing to increasing consumption of fried food. Factors such as rising purchasing power of consumers along with evolving dietary habits have led to a shift in consumer p...
Post a Comment
Read more

Polyurethane (PU) Foam Market is Considered as One of the Rapidly Growing Dynamic Markets

The global  Polyurethane Foam Market  is expected to reach USD 91.96 billion by 2024, according to a new report by Grand View Research, Inc. Increasing construction spending coupled with high demand from bedding & furniture industry for cushioning and insulation is estimated to drive industry growth.  Polyurethane foams consumption is anticipated to increase significantly owing to reduced wastage, elevated recyclability, greater sustainability, and reduce energy consumption throughout their life cycle. Growing requirement in end-use industries such as packaging and footwear is anticipated to further compliment growth.  Various governments and federal agencies are increasingly being concerned with detrimental health effects of isocyanates utilized in PU production. Recent trends in PU production include the elimination of chlorinated fluorocarbon blowing agents, due to toxicity & sustainability concerns. To request a sample copy or view summary of this...
Post a Comment
Read more