Edible Insects Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0192741
  • Format: Electronic (PDF)
  • Number of Pages: 207
  • Author(s): Joshi, Madhavi

Report Overview

The Edible Insects Market size was estimated at USD 850 million in 2023 and is projected to reach USD 3.5 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 20.00% during the forecast period (2024-2030).

Edible Insects Market

(Market Size)
$850 million
$3.5 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 20.00%
2023 Market Size USD 850 million
2030 Market Size USD 3.5 billion
Key Players Entomo Farms, Chapul, Exo Protein, Jimini’s, Cricket Flours

Market Summary

The edible insects market represents a dynamic and rapidly evolving segment within the global food and consumer goods industry, driven by shifting consumer perceptions and a growing emphasis on sustainable protein sources. This market encompasses the farming, processing, and sale of insects for human consumption, with products ranging from whole insects to processed powders and ingredients incorporated into various food items. The industry is gaining significant traction as a viable solution to address global food security challenges and the environmental impact of traditional livestock farming. Key insect varieties commercialized include crickets, mealworms, black soldier flies, and grasshoppers, which are lauded for their high nutritional value, including protein, healthy fats, vitamins, and minerals. The market ecosystem involves a network of insect farmers, processors, food manufacturers, and retailers working to establish supply chains and gain regulatory approvals across different regions. Market growth is further supported by increasing investments in insect farming technologies and processing innovations aimed at improving efficiency, scalability, and product quality. The industry is transitioning from a niche novelty to a more mainstream food option, with products increasingly found in protein bars, snacks, baking flour, and other consumer-packaged goods. The market's development is characterized by ongoing research into optimal farming practices, product safety standards, and consumer acceptance strategies to overcome cultural barriers and build a robust, sustainable food source for the future.

Key Highlights

The edible insects market is distinguished by several pivotal developments that underscore its potential within the consumer goods sector. A primary highlight is the strong nutritional profile of edible insects, which often surpasses traditional meat sources in protein content per gram and includes essential amino acids, iron, calcium, and B vitamins, making them a powerful superfood ingredient. Another significant aspect is the exceptional environmental efficiency of insect farming, which requires substantially less land, water, and feed while generating lower greenhouse gas emissions compared to conventional livestock, aligning perfectly with global sustainability goals and the circular economy model. The market is also witnessing a surge in product innovation, with companies developing a diverse range of palatable offerings such as cricket flour, protein powders, insect-based snacks, and pasta to improve consumer appeal and ease of integration into daily diets. Regulatory progress in key regions, particularly in Europe and North America, where novel food approvals are being granted for specific insect species, is providing a crucial legal framework for market expansion and investment. Furthermore, strategic partnerships between insect producers and major food corporations are accelerating the development of supply chains and bringing insect-based ingredients into large-scale food production. The increasing presence of these products in retail channels, from health food stores to mainstream supermarkets, signals a growing normalization and commercial acceptance of insects as a legitimate food category.

Drivers, Opportunities & Restraints

The growth trajectory of the edible insects market is shaped by a confluence of powerful drivers, promising opportunities, and notable restraints. A primary driver is the escalating global demand for sustainable and alternative protein sources, fueled by population growth, rising meat prices, and heightened consumer awareness of the environmental footprint of animal agriculture. This is complemented by increasing health and wellness trends, where consumers actively seek out nutrient-dense, functional foods, propelling interest in insect-based products for their protein and micronutrient content. Significant opportunities exist in the animal feed sector, where insect meal is increasingly recognized as a high-quality, sustainable alternative to fishmeal and soybean meal in aquaculture, poultry, and pet food formulations, representing a massive addressable market. Further opportunity lies in technological advancements in automation and processing, which can drastically reduce production costs, improve product consistency, and enable scaling to meet future demand. However, the market faces considerable restraints, chiefly the deep-seated cultural aversion and psychological barriers to consuming insects, known as entomophobia, particularly in Western societies where it is not a traditional practice. This consumer reluctance presents a major hurdle to widespread adoption. Additionally, the regulatory landscape remains complex and fragmented across different countries, with varying approval processes for novel foods creating uncertainty and barriers to international trade. High initial production costs and the need for significant capital investment in farming infrastructure also act as restraints, limiting the speed of market expansion and the ability to achieve price parity with conventional protein sources.

Concentration Insights

The competitive landscape of the edible insects market is currently characterized by a mix of pioneering startups and a gradually increasing presence of established agri-food corporations, creating a moderately concentrated environment with high growth potential. The market features a core group of dedicated specialist companies that have achieved early-mover advantage, focusing exclusively on the breeding, farming, and processing of insects for human consumption and animal feed. These firms, such as ?nsect, Aspire Food Group, and Protix, are concentrating their efforts on vertical integration, controlling the entire value chain from genetics and rearing to processing and product development to ensure quality and scalability. Geographically, production and innovation are heavily concentrated in Europe and North America, where regulatory frameworks are becoming more defined and consumer curiosity is highest, although significant farming operations also exist in regions with traditional entomophagy like Southeast Asia and Africa. The industry is witnessing a trend towards specialization, with some companies focusing solely on specific insect species like the black soldier fly for animal feed, while others target human food applications with crickets or mealworms. This concentration around specific applications and species allows companies to develop deep expertise. Furthermore, the market is seeing increased investment activity and strategic acquisitions as larger ingredient and animal nutrition companies seek to enter the space, signaling a maturation of the industry and a potential future shift towards a more consolidated market structure as it scales.

Type Insights

The edible insects market is segmented by type, with certain species emerging as commercial frontrunners due to their farming efficiency, nutritional value, and regulatory status. Crickets, particularly the house cricket (Acheta domesticus), represent a dominant segment for human consumption, prized for their mild flavor, high protein content, and versatility in being ground into a fine powder (cricket flour) for use in baking, snacks, and shakes. Mealworms and buffalo worms (larvae of the Tenebrio molitor beetle) constitute another major category, receiving novel food approvals in key markets; their nutty flavor and soft texture make them suitable for whole snacks, protein bars, and as an ingredient in various processed foods. The black soldier fly (Hermetia illucens) larvae have carved out a significant and distinct niche, primarily targeted not at direct human consumption but as a highly efficient source of protein for the animal feed industry, particularly in aquaculture and poultry, due to their rapid growth and ability to consume organic waste streams. Grasshoppers and locusts are also commercially available, often roasted and seasoned as whole snacks, leveraging their traditional consumption in many cultures. Lesser-known but growing segments include ants, silkworm pupae, and sago grubs, which are often positioned as gourmet or specialty items. The selection of insect type is a critical strategic decision for producers, influenced by factors such as life cycle speed, feed conversion efficiency, nutritional profile, existing consumer familiarity, and the regulatory pathway for approval in target markets.

Application Insights

The application of edible insects spans several key sectors within the consumer goods and industrial landscapes, each with distinct dynamics and growth prospects. The most prominent application is in human food and beverages, where insect-based ingredients are innovatively incorporated into a wide array of products. This includes protein powders and flours used in sports nutrition shakes, baking mixes, and health bars; whole roasted and seasoned insects sold as snacks; and pastes or extracts used as flavor enhancers or fortificants in pasta, crackers, and other packaged goods. A parallel and rapidly expanding application is in animal feed and pet food, where insect meal is valued as a sustainable, high-protein alternative to traditional sources like fishmeal. This is particularly significant in aquaculture feed for species like salmon and trout, as well as in poultry feed and premium pet food formulas, addressing sustainability concerns of pet owners. A third crucial application is in the pharmaceutical and cosmetic industries, where chitin derived from insect exoskeletons is processed into chitosan, a biopolymer with applications in wound healing, drug delivery, and as a functional ingredient in cosmetic products for its moisturizing and film-forming properties. The diversification across these applications de-risks the industry's growth model, ensuring that demand is not solely dependent on the pace of consumer adoption for direct human consumption but is also bolstered by large-scale industrial and agricultural uses.

Regional Insights

The adoption and development of the edible insects market exhibit strong regional variations, influenced by cultural traditions, regulatory environments, and consumer attitudes. Europe stands at the forefront of the modern regulatory and commercial landscape, with the European Food Safety Authority (EFSA) granting novel food approvals for specific insects like dried yellow mealworm and house cricket, providing a clear pathway for market entry. Western European countries, particularly the Netherlands, Belgium, the UK, and Germany, are hubs for innovation, hosting leading companies and witnessing growing product availability in retail channels. North America, especially the United States and Canada, represents another high-growth region, characterized by a robust startup ecosystem, significant venture capital investment, and a consumer base eager to experiment with novel, sustainable foods. The market here is driven by health and wellness trends, with products often positioned as eco-friendly superfoods. In contrast, the Asia Pacific region presents a complex picture; while countries like Thailand, Vietnam, and Cambodia have a long history of entomophagy and possess established traditional markets for insects as street food, the formalized, large-scale commercial industry is still in nascent stages. However, the region's huge population and growing middle class present a massive opportunity. Latin America and Africa also have regions with traditional consumption, but the organized market is emerging slowly, often focusing on leveraging indigenous species and practices for both local consumption and export opportunities to Western markets.

Company Insights

The competitive field in the edible insects market comprises a blend of agile startups that pioneered the industry and established corporations now making strategic moves to capitalize on its growth. Leading pure-play companies have established strong brand recognition and technological expertise. ?nsect, a French company, has gained prominence for its vertical farming technology focused on mealworms and its significant focus on animal feed and plant nutrition applications. Protix, based in the Netherlands, operates one of the world's largest insect farms, producing black soldier fly larvae primarily for the feed market and emphasizing a circular economy model by using food waste as feed. Aspire Food Group, with operations in the US and Mexico, is a key player in the crickets-for-human-consumption segment, utilizing automated farming and processing to produce cricket powder and whole insects. Entomo Farms in Canada is another major supplier of cricket-based ingredients for the North American market. Beyond these specialists, the market is attracting attention from major agribusiness and ingredient corporations. For example, Cargill has engaged in partnerships to research insect meal for aquaculture feed, signaling the potential for future large-scale adoption. This involvement from industry giants validates the market's potential and is likely to accelerate the development of supply chains, drive down costs through economies of scale, and help overcome consumer acceptance barriers through trusted brand associations.

Recent Developments

The edible insects market is experiencing a period of rapid evolution, marked by significant recent developments that signal its maturation and expanding scope. A critical trend is the wave of regulatory milestones achieved, particularly in Europe, where the European Commission has granted full authorization for several insect species, including dried yellow mealworm and house cricket, as novel foods, paving a clear legal avenue for their marketing and sale across member states. This regulatory clarity has, in turn, stimulated a fresh influx of investment and funding rounds for leading companies, enabling them to scale up production capacity and pursue international expansion plans. Concurrently, the market is witnessing a surge in product innovation and diversification, with companies moving beyond simple whole insects and powders to develop more sophisticated and convenient consumer products like insect-based burgers, pasta, baking mixes, and even ready-to-drink beverages, aimed at integrating seamlessly into modern diets. Strategic partnerships and joint ventures have become increasingly common, as insect protein firms collaborate with established food manufacturers, retailers, and animal feed companies to co-develop products and access broader distribution networks. Furthermore, technological advancements are focusing on automation and data analytics in farming operations to optimize yield, reduce labor costs, and ensure consistent quality and safety, which are essential for competing with traditional protein industries. These developments collectively indicate a market that is transitioning from a niche concept to an emerging industry with structured growth potential.

Report Segmentation

This comprehensive market research report on the edible insects market provides a detailed and structured analysis segmented across multiple dimensions to offer actionable intelligence. The report is meticulously segmented by type, categorizing the market into key insect species such as crickets, mealworms, black soldier flies, grasshoppers, ants, and other segments, analyzing the production, market share, and application trends for each. It further breaks down the market by application, providing deep dives into the distinct dynamics of human consumption products, animal feed and pet food formulations, and pharmaceutical/cosmetic uses derived from insects. A crucial component of the segmentation is the regional analysis, which delivers a granular view of market size, growth patterns, regulatory status, and competitive landscapes across key geographies including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The report also includes a detailed company profiling section, offering insights into the market strategies, product portfolios, production capacities, and recent developments of both leading pure-play insect companies and major corporations entering the space. This multi-faceted segmentation allows stakeholders to understand not only the overall market trajectory but also to identify specific growth pockets, competitive threats, and partnership opportunities within particular insect types, application areas, or geographic markets, enabling informed strategic decision-making.

FAQs

Why is the edible insects market growing?

The market is growing due to increasing global demand for sustainable protein sources, heightened awareness of the environmental impact of traditional livestock, and the recognized high nutritional value of insects, which are rich in protein, vitamins, and minerals.

What are the main types of edible insects commercially available?

The main commercially available types include crickets, mealworms, black soldier fly larvae, and grasshoppers. These are sold as whole insects, powders, or as ingredients incorporated into various food and feed products.

Which region has the largest edible insects market?

Europe and North America currently represent significant and rapidly growing markets due to progressive regulatory approvals, high consumer interest in novel foods, and strong investment in production technology, although traditional consumption is higher in parts of Asia and Africa.

What are the challenges facing the edible insects market?

Key challenges include overcoming cultural aversion and consumer skepticism in Western countries, navigating a complex and evolving regulatory landscape across different regions, and achieving economies of scale to reduce production costs and compete on price with conventional proteins.

Who are the key players in the edible insects industry?

Prominent companies include ?nsect and Innovafeed in France, Protix in the Netherlands, Aspire Food Group in the USA and Mexico, and Entomo Farms in Canada. These firms are leaders in farming technology and product development.

What are the primary applications for edible insects?

Primary applications encompass human food products like protein bars and snacks, animal feed especially for aquaculture and poultry, and the extraction of compounds like chitin for use in the pharmaceutical and cosmetic industries.

Citius Research has developed a research report titled “Edible Insects Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Edible Insects Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Edible Insects Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Edible Insects Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Edible Insects Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Edible Insects Market
• Research Methodology
• Executive Summary
• Market Dynamics of Edible Insects Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Edible Insects Market
• Cost and Gross Margin Analysis of Edible Insects Market
• Edible Insects Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Edible Insects Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Edible Insects Market Key Stakeholders

Below are the key stakeholders for the Edible Insects Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Edible Insects Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Edible Insects Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Edible Insects Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Edible Insects Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global Edible Insects Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global Edible Insects Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Edible Insects Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Edible Insects Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Edible Insects Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Edible Insects Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Edible Insects Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Edible Insects Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Edible Insects Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Edible Insects Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Edible Insects Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Edible Insects Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Edible Insects Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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