- In October 2024, London unveiled its first fully insect-based restaurant, Yum Bug, located in Finsbury Park. This pioneering establishment aims to transform the food industry by showcasing how edible insects can enhance sustainability and contribute to a healthier food system
- In November 2023, Entobel, a Singapore-based company, opened the largest insect protein production facility in Vietnam, making it the largest in Asia. This cutting-edge facility, dedicated to cultivating black soldier fly larvae, has an impressive annual production capacity of 10,000 tons of protein meal
- In September 2022, Lotte Confectionery, a prominent South Korean snack and ice cream manufacturer, entered into a memorandum of understanding (MOU) with Aspire Food Group, a Canadian leader in advanced insect agriculture and food technology. This collaboration aims to explore opportunities in protein alternatives and edible insects
- In September 2022, InnovaFeed, a French company, made significant strides in the edible insect sector by raising USD 250 million in investments, supported by ADM and Cargill. This funding will be used to enhance the production facility for black soldier flies located in Decatur, Illinois
- In April 2022, the ValuSect consortium, comprising European insect producers, allocated EUR 460,000 (approximately USD 496,600) to assist 18 edible insect enterprises. The selected companies will receive support from expert partners to develop innovative ideas that aim to improve insect production and boost consumer acceptance in North-West Europe
Frequently Asked Questions
The market is segmented based on Segmentation, By Insect Type (Crickets, Mealworms, Black Soldier Flies, Buffalo's, Grasshoppers, Ants, Silkworms, Cicadas, and Others), Insect Category (Regular Insects, and Premium Diet-Fed Insects), Application (Human Consumption Products, Animal Nutrition, Insect Oil, Pharmaceuticals, Cosmetics, Personal Care, and Others), Distribution Channel (Direct and Indirect) – Industry Trends and Forecast to 2031
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The Global Edible Insects Market size was valued at USD 789.79 USD Million in 2023.
The Global Edible Insects Market is projected to grow at a CAGR of 24.8% during the forecast period of 2024 to 2031.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
