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The Edible Insects Market is projected to reach $17.9 billion by 2033, at a CAGR of 28.6% during the forecast period of 2024 to 2033, while in terms of volume, the market is expected to reach 4.7 million tons by 2033, at a CAGR of 36.3% from 2024 to 2033. The report provides an in-depth analysis of the edible insects market across five major regions, emphasizing the current market trends, market sizes, recent developments, and forecasts till 2033.
The growth of the edible insects market is mainly driven by growing greenhouse gas emissions from the livestock & poultry industries, the high nutritional value of edible insects, the environmental benefits of edible insects, the rising demand for insect protein in the animal feed industry, and the low risk of transmitting zoonotic diseases with the consumption of edible insects. In addition, business expansion in emerging & developed economies is expected to generate growth opportunities for the players operating in this market.
However, the lack of a standardized regulatory framework, psychological & ethical barriers to consuming insects as food, and the risk of allergies due to insect consumption restrain the growth of this market. Furthermore, the lack of awareness regarding the benefits of insect consumption and limitations in scaling up production are major challenges impacting market growth.
Here are the top 10 companies operating in the Edible Insects Market
Founded in 2009 and headquartered in Dongen, the Netherlands, Protix manufactures and supplies insect ingredients for animal feed and human consumption. The company converts organic residual streams through various insect species, such as black soldier fly, cricket, mealworm, and locust. Protix is supported by the European program Plattelandsontwikkelingsprogramma (POP3) in developing smart insect farming technologies. Protix also produces chicken feed and sells its brand of eggs, OERei, laid by chickens that eat its feed. OERei eggs are commercially available in 750 supermarkets.
The company’s products are available in 18 countries, ranging from pig & poultry feed to specialty pet foods. With more than 15 partners, the company has a geographical presence across Europe, North America, and Asia-Pacific.
Ÿnsect (SAS) (France)
Founded in 2011 and headquartered in Paris, France, Ÿnsect is engaged in designing, building, and operating insect production and processing facilities to provide ingredients for feed manufacturing. The company transforms farmed insects into premium ingredients required for animal feed. The company offers its products through three segments: Animal Nutrition, Human Nutrition, and Plants.
The company has over 380 patents or over 50% of the entire patent portfolio of the industry. The company has a geographical presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. As of March 2024, the company has over 300 employees worldwide.
Founded in 2016 and headquartered in Paris, France, InnovaFeed is a biotech company that produces natural and sustainable ingredients for animal feed and plant nutrition from insect rearing. The company also specializes in producing and marketing meals and oil (used in poultry and swine feed as an alternative to imported oils) extracted from the hermetia illucens larva and a supply of fertilizer made with insect droppings. The company offers hermetia illucens products for animal feed and aquaculture.
With more than 100 collaborators and two production sites in operation, and a third one announced in the U.S., the company has a geographical presence across Europe, North America, Asia-Pacific, and Latin America.
EnviroFlight, LLC (U.S.)
Founded in 2009 and headquartered in Kentucky, the U.S., EnviroFlight develops insect-based ingredients for animals and plants. The company operates in six markets, namely, poultry, aquaculture, pets, exotics, young animals, and fertilizers. EnviroFlight produces black soldier fly larvae (BSFL) products from oven-dried larvae without chemicals.
In January 2020, EnviroFlight was acquired by Darling Ingredients Inc., an international producer of organic ingredients used in sustainable protein and fat products and renewable clean energy. Darling operates on five continents. It collects waste from the agri-food industry and repurposes it into specialty ingredients, such as hydrolyzed collagen, edible and feed-grade fats, animal proteins and meals, plasma, pet food ingredients, fuel feedstocks, and green bioenergy.
The company has a geographical presence across North America, Latin America, Europe, and Asia-Pacific.
Nutrition Technologies Group (Singapore)
Founded in 2015 and headquartered in Singapore, Nutrition Technologies manufactures and supplies sustainable insect proteins, oils, and frass for animal feed, cosmetics, and organic fertilizers. The company derives its products from black soldier flies. Nutrition Technologies has research partnerships with key institutions to develop its products and conduct several feed trials on key consumer species. The company’s research partners include the National University of Singapore (NUS), Curtin University (Australia), Crops for the Future (Malaysia), USM (Malaysia), UTM (Malaysia), Nong Lam University (Vietnam), RMIT (Vietnam), and Kasetsart University (Thailand).
The company’s main production site is in Johor Bahru, Malaysia, with supporting sites and offices in Vietnam and Singapore. The company has a geographical presence in Asia-Pacific, Latin America, and Europe.
Meticulous Research in its latest publication on Edible Insects Market has predicted the growth of 28.6% during the forecast year 2024-2033.
Aspire Food Group (U.S.)
Founded in 2013 and headquartered in Texas, the U.S., Aspire Food Group commercially farms and processes usable ingredients for food and feed. In the U.S., the company raises food-grade crickets on a commercial scale. In Ghana, it commercially farms palm weevil larvae and runs a program that empowers peri-rural farmers to raise palm weevils locally.
The company has a geographical presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Global Bugs Asia Co., Ltd. (Thailand)
Founded in 2016 and headquartered in Bangkok, Thailand, Global Bugs Asia produces and markets edible insect products. The company manufactures crickets, cricket powder, snacks, and protein bars. It controls the whole value chain, from the organic farming of cricket feed and house cricket production and processing to sales and distribution.
The company has a geographical presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Entomo Farms (Canada)
Founded in 2014 and headquartered in Ontario, Canada, Entomo Farms mainly manufactures cricket protein products. The company offers its products through five segments: powder, Whole Roasted, Starter Pack, Pets, and Fertilizer. Entomo Farms offers its products for both human and pet consumption. Apart from offering cricket powder, roasted crickets, and frozen crickets at wholesale pricing, the company also offers white-label services, pet foods, and livestock feed.
Further, the company also sells its products through the D2C sales channel. The company has a production capacity of 50 million crickets per week. The company has a geographical presence in North America.
Founded in 2014 and headquartered in Tnuvot, Israel, Hargol FoodTech (formerly Steak TzarTzar) operates as a commercial grasshopper farm. The company is engaged in insect farming and produces protein from edible insects. Hargol FoodTech offers protein powder from Grasshoppers.
The company supplies high-quality nutrients and healthy grasshoppers to markets around the world. For its first line of products, Hargol FoodTech relies on methods and technologies of intensive breeding and growing three grasshopper species that are processed into protein powders. The company has a geographic presence in North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
All Things Bugs, Llc (U.S.)
Founded in 2011 and headquartered in Oklahoma, the U.S., All Things Bugs manufactures and sells finely milled whole crickets’ powder. The company offers its products under the brand name ‘Griopro.’ All Thing Bugs grinds its insects before spray drying them, creating a paler, fine powder with a neutral flavor and smaller particle size (<100 microns).
The company has a geographical presence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Popular Mentions: Bioflytech S.L. (Spain), Entobel Holding Pte. Ltd. (Singapore), Entofood Sdn Bhd (Malaysia), SFly Comgraf SAS (France), Hexafly (Ireland), F4F SpA (Chile), Protenga Pte Ltd. (Singapore), nextProtein (France), Enorm Biofactory A/S (Denmark), Beta Hatch (U.S.), Armstrong Crickets Georgia (U.S.), JR Unique Foods Ltd. (Thailand), Tebrio (Spain), and HiProMine S.A. (Poland).
Authoritative Research on the Edible Insects Market – Global Opportunity Analysis and Industry Forecast (2024-2033)
Need more information? Meticulous Research®’s new report covers each of these companies in much more detail, providing analysis on the following:
- Recent financial performance
- Key products
- Significant company strategies
- Partnerships and acquisitions
The Comprehensive report provides global market size estimates, market share analysis, revenue numbers, and coverage of key issues and trends.
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