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According to Organic Market Research, Global Edible Insects Market Share was USD 3.18 billion in 2023 and the market is projected to touch USD 11.48 billion by 2032, at a CAGR of 17.4% during the forecast period. The market has gained substantial attention and growth in recent years, driven by the rising global demand for sustainable and alternative protein sources. Edible insects, including crickets, mealworms, grasshoppers, and others, are being recognized for their high nutritional value, low environmental impact, and potential to address food security challenges. This market encompasses the farming, processing, and distribution of insects for human consumption, as well as their use in animal feed and other industrial applications.
The Edible Insects Market Growth is poised for significant growth in the coming years as sustainability, health, and food security concerns drive demand for alternative protein sources. While challenges such as consumer perception and regulatory hurdles remain, ongoing education, innovation, and government support are likely to mitigate these barriers.
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Market Segmentation
By Product
- Grasshoppers
- Bees
- Wasps
- Ants
- Scale Insects
- Beetles
- Caterpillars
- Tree Bugs
By Application
- Protein Bars
- Flour
- Snacks
By End-use
- Animal Feed
- Human Consumption
- Agriculture
Customization Scope
- Available upon request
Pricing
- Available upon request
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Key Players in the Market
The major players in the market are Exo, Aspire Food Group, Edible Insects Ltd., Critters, Thailive, Bugsolutely, Ynsect, AgriProtein, Entomo Farms, and All Things Bugs.
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