NEW YORK , Sept. 23, 2024 /PRNewswire/ -- Report on how AI is driving market transformation - The global edible insects market size is estimated to grow by USD 11.42 billion from 2024-2028, according to Technavio.
The market is estimated to grow at a CAGR of 46.02% during the forecast period. Growing food shortage across the globe is driving market growth, with a trend towards use of edible insects in processed foods However, low acceptance of edible insects as a food source poses a challenge.
Key market players include All Things Bugs LLC, Armstrong Crickets Georgia, Aspire Food Group, Beta Hatch, Bioflytech, Darling Ingredients Inc., Eat Grub, Edible Bug Shop, Entomo Farms, Bugs Asia Co. Ltd.
, Hargol FoodTech, HEXAFLY, Innovafeed SAS, JR Unique Foods Ltd., MealFood Europe SL, nextProtein SA, Nutrition Technologies, Protenga Pte. Ltd.
, Protix BV, and Ynsect SAS. Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View the snapshot of this report Edible Insects Market Scope Report Coverage Details Base year 2023 Historic period 2018 - 2022 Forecast period 2024-2028 Growth momentum & CAGR Accelerate at a CAGR of 46.
02% Market growth 2024-2028 USD 11422.9 million Market structure Fragmented YoY growth 2022-2023 (%) 32.78 Regional analysis APAC, North America, Europe, Middle East and Africa, and South America Performing market contribution APAC at 43% Key countries US, China, Thailand, UK, and South Korea Key companies pr.