Edible Insects Market Size (2024 - 2029)

Edible Insects Market Analysis

The Edible Insects Market size is estimated at USD 3.80 billion in 2024, and is expected to reach USD 9.01 billion by 2029, growing at a CAGR of 18.89% during the forecast period (2024-2029).

• The edible insect market has gained increasing attention as a sustainable and nutritious alternative to traditional animal proteins. With the world facing significant challenges such as food security, environmental degradation, and climate change, the rise of edible insects represents a promising solution to these pressing issues. Additionally, the growing number of entotarians has intensified the demand for edible insects worldwide. According to Wageningen University & Research in 2023, approximately 2,111 species of insects are consumed in about 140 countries, with entomophagy documented around the world like in Asia, Australia, Africa, and the Americas are already consumed regularly by people and domestic animals across the globe owing to their high protein, healthy fat, mineral, and vitamin content.
• Along with this, a diversity of insect species is consumed across the five continents. Edible insects are also used to complement diets with rich protein sources and ecologically sustainable sources of food. Similarly, insect-eating habits are not only associated with nutritional aspects but are also closely related to socio-cultural practices and religious beliefs which are supporting the growth of the market.
• Furthermore, many government associations are developing numerous projects and initiatives to focus on investments, research, and industry partners to escalate the edible insect business globally. For instance, in October 2022, the Australian Centre for International Agricultural Research (ACIAR) collaborated with Agri Futures Australia and the International Centre for Insect Physiology and Ecology (ICIPE) to create a new research hub launched in Australia, which derives the emerging insect technology with industries using insects as human food, animal feed, fertilizer and other products such as oil. Therefore, the rising consumption of insects across numerous countries, along with ongoing research efforts, are propelling market growth during the forecast period.

Edible Insects Industry Segmentation

Edible insects are insect species used for human consumption. Common forms of consumption are whole insects on one hand and pulverized insects used as an ingredient in dishes or in terms of processed food products such as burger patties, pasta, snacks, and many others. The Edible Insects Market is segmented by Insect Type into Beetles, Caterpillars, Hymenoptera, Orthoptera, Tree Bugs, and Other Insect Types, Product Type as A Whole, and As Ingredient, and Geography into North America, Europe, Asia-Pacific, South America, Middle-East & Africa. The report offers the market size and forecasts in terms of value in USD for all the above segments.