Edible Insect Market by Type and by Product – Global Opportunity Analysis And Industry Forecast (2022-2028)

Edible insects
are roasted, dried, and powdered to form high protein and low-calorie flour. The
most common edible insects available for consumption in the market include
beetle, locusts, cricket, and ants. These powders are widely used in preparing low-calorie
energy bars and snacks owing to their compatibility with various natural
ingredients and flavors. Also, easy availability, protein extraction, high
nutritional profile, and economic processing techniques are making edible
insects popular among consumers which are likely to boost market demand.

The edible Insect Market size is projected to reach USD
645.2 Million units by 2027 from an estimated USD 355.3 Million unit in 2019,
growing at a CAGR of 22.4% globally.

IMR offers a comprehensive overview
of the market through the analysis of key parameters such as revenue, price,
competition, and promotions, as well as the study, synthesis, and summarization
of data from different sources. It analyzes the leading industry drivers and
shows numerous market components. The information offered is thorough,
dependable, and the result of a comprehensive primary and secondary study. IMR
market research reports offer a comprehensive global market as well as an
in-depth strategic sourcing methodology and analysis based on qualitative and
quantitative research to anticipate market growth.

The Major Players In The Edible
Insect Market Include:

HaoCheng Mealworms, Agriprotien
Technologies, Chapul, Thailand Unique, Six Foods, Crowbar Protein, Bugsolutely,
Crik Nutrition, Gathr Foods,Hexafly, Innova Feed, HiProMine

Market has segmented the global
Edible Insect market on the basis of type, application, and region:

The Edible Insect market is
segmented by type and application. Growth between segments over the period
2022-2028 provides accurate calculations and forecasts of revenue by type and
application in terms of volume and value. This analysis can help you expand
your business by targeting eligible niches.

By Type:

 Insect Flour, Cookies, Chocolate,
Tortilla Style Chips, Insect Protein Bar And Shakes, Insect Meal, Snacks, Insect
Beverages, Oils, Others

 By Application:


 By Regional Outlook
(Revenue, USD Billion, 2017 – 2028)

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain,
    Rest of Europe)
  • Asia-Pacific (China, India, Japan, Southeast Asia, Rest
    of APAC)
  • Middle East & Africa (GCC Countries, South Africa,
    Rest of MEA)
  • South America (Brazil, Argentina, Rest of South

Covid-19 Impact and Recovery
Analysis on Industry:

The COVID-19 pandemic has had
devastating effects on several industry verticals globally. To constrain the
number of cases and slow the coronavirus spread, various public health
guidelines were implemented in different countries across the globe. COVID-19
protocols ranging from declaring national emergency states, enforcing
stay-at-home orders, closing nonessential business operations and schools,
banning public gatherings, imposing curfews, distributing digital passes, and
allowing police to restrict citizen movements within a country, as well as
closing international borders. With the growing vaccination rate, governments
are uplifting the protocols to give a boost to the stagnant economy. Like other
industries, Edible Insect Market have experienced slowdown the growth,
however market is expected bounce back as restrictions are being lifted up by
governments across the globe. 

Report covered the major key points:

  • Explore key findings of the overall market
  • Strategic breakdown of market dynamics (Drivers,
    Restraints, Opportunities, Challenges)
  • Market forecasts for a minimum of 7years, along with 5
    years of historical data for all segments, sub-segments, and regions
  • Market Segmentation caters to a thorough assessment of
    key segments with their market estimations
  • Geographical Analysis: Assessments of the mentioned
    regions and country-level segments with their market share
  • Key analytics: Porter’s Five Forces Analysis, Vendor
    Landscape, Opportunity Matrix, Key Buying Criteria, etc.
  • Competitive landscape is the theoretical explanation of
    the key companies based on factors, market share, etc.
  • Company profiling: A detailed company overview,
    product/services offered, SCOT analysis, and recent strategic developments



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Email : javed.sayyad@introspectivemarketresearch.com

Source :https://pressreleasebox.com/pr/edible-insect-market-by-type-and-by-product-global-opportunity-analysis-and-industry-forecast-2022-2028

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