Markntel Advisors, a leading consulting, data analytics, and market research firm, recently published an analytical report description that describes the recent achievements and developments of prominent players including new launching of innovative products, strategic collaborations, or partnerships, that bolster the growth of the global Edible Insects market. One of the leading market players, Ÿnsect, a leading player in insect production, created a genotyping chip named Axiom® YNS_Mol1, a world-first for insect breeding and a noteworthy step in the evolution of the selection of larvae lines to produce insect-based proteins.

The report further comprises, “Global Edible Insects Market Research Report: Forecast (2024-2030)”, According to the report, the Global Edible Insects Market size is estimated to grow at a CAGR of around 25.2% during the forecast period, i.e., 2024-30.

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Bifurcation Analysis Based On Product Type, Insect Type, and Region

The Edible Insects market is segmented into four segments based on insect type, product type, end users, and region.

• Based on Insect Type the market is segmented into Crickets, Mealworms, Black Soldier Flies, Buffalo’s, Grasshoppers, Ants, Silkworms, Cicadas, Beetles, and Caterpillars

• Based on the Product Type the market is segmented into Insect Powder, Protein Bars, and Whole Insects
• Based on End Users the market is segmented into Human Consumption, Animal Feed, and Agriculture
• Based on Region, the market is segmented into North America, South America, Europe, Asia-Pacific, Europe, and the Middle East & Africa.

Key Takeaways

• Study Period: Edible Insects market report historical data – 2019-22, Base year – 2023, and Forecast Period- 2024-30
• Market Growth: The Edible Insects Market is estimated to grow at a CAGR of around 25.2% during the forecast period, i.e., 2024-30.
• Growth Driver: The Edible Insects market is expected to expand with the rising awareness about various health benefits of edible insects
• Growth Challenges: The Edible Insects market is expected to be hampered owing to the lack of clear and consistent regulatory frameworks
• By Product Type: Both Insect powder & protein bars altogether accounted for the largest share of the Edible Insects Market over the past few years, owing prominently to their hassle-free transportation, storage, handling, & application
• By Insect Type: The cricket insects led the market segment because, crickets are a popular food insect around the world because of their high nutritional content, delicious flavor, and range of culinary uses
• By Region: Asia-Pacific led the market growth, propelled due to the regulatory settings conducive to growth, cultural acceptance, and increasing knowledge of the environmental and nutritional advantages of eating insects

Frequently Asked Questions (FAQs)-

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What leading factors would propel and impede the industry across the geography?
4. How has the industry been evolving in terms of geography & Edible Insects adoption?

5. How has the competition been shaping up across the geography?
6. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?

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