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Edible Insects Market Share

Report ID: GMI501
Published Date: Nov 2023
Report Format: PDF

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Edible Insects Market Share

Leading edible insects industry companies, including Six Foods, are focussing to expand their regional footprint with strategic partnerships, mergers, and product launches. The company, known for its cricket-based snacks under the brand name Chirps, has played a vital role in mainstreaming insect consumption by creating palatable and familiar products such as chips. Six Foods has successfully leveraged consumer-friendly packaging and effective marketing strategies to gain prominence. Similar steps are being undertaken by other industry players, namely:

Crik Nutrition
HaoCheng Mealworms
Exo Protein
Agriprotein Technologies
Crowbar Protein
Kreca
Crickers
Thailand Unique
EnviroFlight
Bugsolutely
Gathr Foods
Nutribug

Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

The market size of edible insects is projected to witness 47% CAGR during 2023 to 2032, backed by the rising interest in exotic and novel food experiences, along with cognizance of rich protein profile of insects.

The protein bars application segment will generate notable revenues by 2032, owing to rising demand for high quality protein and amino acid sources.

Europe market size will expand substantially between 2023 and 2032, as there is a rising emphasis on sustainability and eco-friendly food sources in the region, that is encouraging consumers to shift to sustainable protein alternatives.

Crik Nutrition, HaoCheng Mealworms, Exo Protein, Agriprotein Technologies, Crowbar Protein, Kreca, Crickers, Thailand Unique, and EnviroFlight.