Edible Insects Market Size

Edible Insects Market Size

Edible Insects Market size is expected to grow at over 47% CAGR between 2023 and 2032. There is a rising demand for alternative protein sources as the global population burgeons. The traditional protein production methods are facing challenges such as resource scarcity and environmental degradation. Edible insects provide a highly effective and sustainable solution, requiring minimal land, water, and feed compared to traditional livestock, making them an attractive option to meet the escalating need for protein in a resource-constrained world. As per NIH, data extracted from two extensive U.S. cohort studies, it has been determined that, on average, adults derive around 18% of their energy intake from protein.

There is a growing awareness of the environmental impact of conventional agriculture. Insects produce fewer greenhouse gases and have a smaller ecological footprint compared to traditional livestock. The cultivation of insects for intake also aligns with the principles of circular economy, as insects can be reared on organic waste.

Further, the rising interest in exotic and novel food experiences contributes to the growth of edible insects market. As global cuisine becomes more diverse, adventurous consumers seek out unique and culturally significant foods, including those incorporating edible insects. The fusion of culinary creativity and nutritional benefits position edible insects as an exciting option in the evolving landscape of global food consumption.
 

There is a psychological barrier among consumers in many Western societies, where the acceptance of insects as a mainstream food source remains limited. Deep-seated cultural aversions and perceptions of insects as pests rather than as a viable and nutritious protein source pose a formidable challenge. Overcoming these ingrained biases needs extensive education and awareness campaigns to reshape consumer attitudes and dispel misconceptions surrounding the consumption of edible insects. Additionally, regulatory frameworks and standards for insect-based products differ widely across regions, creating a barrier to market growth.