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Edible Insects Market Worth $1.4 Billion By 2025 Owing To Growing Consumer Awareness Regarding Health Due To Unhealthy Food Consumption | Grand View Research, Inc.

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Edible Insects Market Worth $1.4 Billion By 2025 Owing To Growing Consumer Awareness Regarding Health Due To Unhealthy Food Consumption | Grand View Research, Inc.

April 05
23:53 2021
Edible Insects Market Worth $1.4 Billion By 2025 Owing To Growing Consumer Awareness Regarding Health Due To Unhealthy Food Consumption | Grand View Research, Inc.

“Grand View Research, Inc. – Market Research And Consulting.”
The report published by Grand View Research, Inc., states that factors such as growing awareness about the nutritional benefits, rising inclination towards healthy diet, willingness to explore new options and increasing tendency to farm insects due to minimum investments are expected to drive the market growth in the coming years.

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. In addition, other major factors that influence the market growth are the increasing usage of the insects in the production of medicines in the countries such as South Africa to cure malnutrition, and rising farming of invertebrates due to the growing awareness of benefits associated with them in European countries. Furthermore, they also are very effective in lowering obesity and have high nutritional value. Benefits like these make them an asset and drive its popularity among the masses, leading to better growth.

Among all the edible insects, beetles are the most preferred insects for consumption and they accounted for more than 30% share of the overall revenue in 2018. Crickets are anticipated to expand at the fastest CAGR of 20.9% in the forecasted period. In addition to this, when it comes to region, North America is the leading contributor to the market growth and accounted for 20.0% 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. Furthermore, insect powder is the most preferred application in demand for consumption and accounted for more than 40.0% share of the overall revenue in 2018. All these factors and market attributes point towards the higher growth in the edible insects market in the coming years. 

Edible Insects Market Report Highlights

 Growing investments by the prominent players are providing the market with needed capital infusion to boost the growth. For instance, in January 2020, Germany based- SENS Foods and its Thailand based farm business, The Cricket Lab, have raised €1.9 million to develop new farm products

By application, the powder segment accounted for more than 40.0% share of the overall revenue in 2018

Protein bars accounted for the second largest share of the total revenue in 2018. Protein bars are generally preferred by athletes and sportspersons owing to its gluten-free nature and thus propelling the demand for the product

By product, 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.

Bugsy Bros, Beetle Jelly, Bugs in Mugs, Haocheng, Crickester, Insecteo, Bug foundation, Eddiebug, Gran Mitla, and Insectables are some of the prominent players in the market

Get Sample Copy Of This Report @ https://www.grandviewresearch.com/industry-analysis/edible-insects-market/request/rs1

Edible Insects Market Segmentation

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

Edible Insects Regional Outlook (Revenue, USD Billion, 2015 – 2025)

     North America
        • The U.S.
        • Mexico
     Europe
        • Germany
        • The U.K.
    • Asia Pacific
        • China
    • Central & South America
        • Brazil
    • Middle East & Africa
        • UAE
        • South Africa

Browse More Related Report:

Edible Flakes Market Size, Share & Trends Analysis Report By Product (Corn, Oat, Wheat), By Distribution Channel (Offline, Online), By Region (North America, Europe, APAC, CSA, MEA), And Segment Forecasts, 2020 – 2027

Healthy Snacks Market Size, Share & Trends Analysis Report By Product (Dried Fruit, Cereal & Granola Bars, Nuts & Seeds, Meat, Trail Mix), By Region, Vendor Landscape, And Segment Forecasts, 2019 – 2025

Speak to Analyst @ https://www.grandviewresearch.com/inquiry/6343/ibb

About Grand View Research

Grand View Research is an India & U.S. based market research and consulting company headquartered in San Francisco, which offers syndicated research reports, customized research reports, and consulting services. The company’s rich database includes in-depth analysis across a range of industries including chemicals, materials, energy, healthcare, and technology, among others.

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1888202951
Address:Grand View Research, Inc. 201 Spear Street 1100 San Francisco, CA 94105, United States
City: San Francisco
State: California
Country: United States
Website: https://www.grandviewresearch.com/industry-analysis/edible-insects-market