Edible Insects for Human Consumption Market by Product Type (Whole and Ingredients)
Industry: Food and Beverages
Published Date: March-2023
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 239
Report ID: PMRREP31674
The revenue from the Global Edible Insects for Human Consumption Market is estimated at US$ 653.7 Million in 2023, and is expected to reach US$ 1,093.2 Mn by the end of 2033. The market is anticipated to exhibit a decent growth in impending years of about 5.5%, owing to growing demand for insect-based protein and food for human consumption.
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Edible Insects for Human Consumption Market Size (2023E) |
US$ 653.7 Million |
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Projected Sales of Edible Insects for Human Consumption (2033F) |
US$ 1,093.2 Million |
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Value CAGR (2023 to 2033) |
5.5% |
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Value Share of Top 4 Countries (2022E) |
39.7% |
During historical period of assessment (2018-2022), the market grew by 4.0% value CAGR, attributing to rising commercialization of insect-based protein in developed countries. In fiscal year 2018, the market marked the value of around US$ 490.26 Million and touched the sales of around US$ 610.2 Million by 2022 end through a moderate growth rate.
Edible insects for human consumption generally consist of live or dead insects, which are utilized as an efficient and nutritious food and food ingredient. The edible insects for human consumption business consists of rearing or farming insects in order to use it in human food, as certain insects contain a high amount of essential proteins, have a lower cost and reduce the environmental impact. Edible insects for human consumption are largely used in nutraceutical products.
In the forthcoming years, the edible insects for human consumption market is anticipated to reach US$ 1,093.2 Million through a value CAGR of 5.5% by end of 2033.
“Start-up Culture in Europe”
Rising start-up companies from past few years in the space of edible insect farming and insect protein manufacturing has paved the potential opportunities for producer to formulate innovative insect protein & snacks for human consumption.
The capital requirement at the initial stage for these start-ups is very low, as it requires less water and space as compared to any other type of animal farming/rearing. Edible insect products produce lower greenhouse gases. Moreover, insect proteins were authenticated by the European Food Safety Authority (EFSA) and EU member states for use in food and nutraceutical products.
Manufacturers in the global edible insects for human consumption market are increasing their offerings in the commercial market. This is witnessed mainly in Europe, where insect-based food manufacturers are improving commercialization of insect-based protein.
“Increasing Rate of Investments in High Potential Markets”
Edible insects are highly demanded in the established markets such as Europe and North America. A large number of startups offering insect-based products are located in Europe and North America. Many investors have identified the potential offered by these sectors and are investing in areas related to the insect-based product industry.
The exponential rate of investments in companies offering insect-based products in Europe and North America are boosting the growth of the global edible insects for the human consumption market.
On November 26th, 2019, Oost NL and other investors agreed to invest multi-million dollars in Protifarm Holding NV through which it can take a step towards desired growth. With this investment, the company can grow in production capacity and optimize cultivation and processing.
“Promoting Insect Protein and Products as a Healthier Alternative”
Insect protein contains almost a double quantity of protein as compared to any traditional protein products such as animal-based and plant-based protein. In addition, edible insects are high in B12, fiber, iron, Omega 3 and 6, protein, vitamins & minerals, healthy fatty acids and antioxidants, and many other micronutrients, and are a great alternative to meet consumers daily meals. Thus, manufacturers are focused on utilizing these characteristics as a strength to market their edible insect products. Moreover, manufacturers are participating in national and international exhibitions to promote the benefits of their products. Some of the companies producing pure protein powders are focused on promotion through advertisements and by appointing athletes and sportspersons as ambassadors of their products and brands.
Exo Protein, the U.S- based insect protein powder and bar manufacturer, is appointing local athletes and sportspersons as brand ambassadors to promote their products
“Lack of Awareness Among Consumer to Restrict Market Expansion”
The edible insects for human consumption market is still at the nascent stage. In Asia, some of the countries, such as Thailand, China, Japan, and Malaysia, have witnessed high consumption of edible insect-based food and protein products. In the Western region, the market is in the introduction phase and thus, key players need to focus on promotion and awareness of the benefits of consuming edible insect products.
At the outset, new players or medium sized players in edible insect manufacturing space may phase challenges to maintain high quality and gain consumer trust, which may negatively affect the sales performance of edible insect based products. Moreover, consumers lack awareness about the potential benefits of this category may limit manufacturers from focusing on expansion, thus restricting the growth of the global edible insects for human consumption market in the near future.
Which regions are dominating the global Edible Insects for Human Consumption market?
In the global edible insects for human consumption market, the Middle East and Africa holds the largest share (25.7%), followed by Latin America, which has captured 22.1% of the market value share.
What is demand outlook for Edible Insects for Human Consumption in North America?
The Edible Insects for Human Consumption value for North America is estimated at US$ 44.06 Million for year 2023 and is expected to grow by 6.9% by end of 2033. In North America, the United States is dominating the market, owing to rising demand for protein-based products.
Which type of edible insects for human consumption holds the highest value share in the global market?
On the basis of type segment, the market is classified into beetles, caterpillar, hymenoptera, orthoptera, true bugs and other. The caterpillar holds the highest value share of about 18.2% in the global market and is predicted to grow by a value CAGR of 6.5% in forthcoming years.
What is the demand for edible insects for human consumption in the snacks and baked products?
The edible insect is harnessed as an ingredient in various end use industries attributing to the multiple functionality in baked, confectionary and drinks based products. The demand for edible insects in snacks and baked products is valued at US$ 94.60 Million for 2023 and is anticipated to reach US$ 140.09 Million by end of 2033.
Companies are developing a new range of value-added edible insects for human consumption with functional and organoleptic properties. Manufacturers offering edible insects for human consumption are more focused on increasing the production capacity of their units to cater to the rising demand for high nutritive ingredients across the world. Furthermore, manufacturers are also targeting production of customized edible insects for human consumption for the various end-use sectors.
Moreover, producers focus on expansion of their production facilities as well as strategic alliances/partnerships with regional food and beverage manufacturers in Western Europe, Asia Pacific, Latin America, and the Middle East and Africa, in order to increase their market presence and product offerings in the global market.
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Attribute |
Details |
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Forecast period |
2023 to 2033 |
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Historical data available for |
2018 to 2022 |
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Market analysis |
USD million for value |
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Key regions covered |
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Key countries covered |
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Key market segments covered |
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Key companies profiled |
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Report coverage |
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Customization & pricing |
Available upon request |
By Insect Type:
By Product Type:
By Region:
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The global market for Edible Insects for Human Consumption has a value of US$ 653.7 Mn in 2023.
The global market for Edible Insects for Human Consumption has a value CAGR of 4.0% from 2018-2022.
The global market for Edible Insects for Human Consumption has a value of US$ 1,093.2 Mn in 2033.
The global market for Edible Insects for Human Consumption has a value CAGR of 5.5% from 2023-2033.
Some prominent players operating in the edible insects for human consumption space includes Protifarm Holding, NV Protix, HaoCheng Mealworm Inc. and others.
