The Edible Insects Market is expected to reach $16.39 billion by 2030, at a CAGR of 29% during the forecast period 2023–2032. The growth of this market is driven by the increasing greenhouse gas emissions from the animal industries, the environmental benefits of insect proteins, the rising demand for insect protein in the animal feed industry, and the low risk of transmitting zoonotic diseases with the consumption of insect proteins.
However, the lack of a standardized regulatory framework, psychological and ethical barriers to consuming insects as food, and the risk of allergies due to insect consumption is expected to restrain the growth of this market. Emerging economies are expected to provide significant growth opportunities for the players operating in the edible insects market, and a lack of awareness regarding the benefits of insect consumption is expected to remain a major challenge for the growth of this market.
Here are the top 10 companies operating in the Edible Insects Market
Founded in 2011 and headquartered in Paris, France, Ÿnsect is engaged in designing, building, and operating insect production and processing facilities to provide ingredients used to produce feed for aquaculture and pets. 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.
Ÿnsect is currently building its second production unit, one of the world’s largest vertical farms, in Amiens, France. As of December 2021, Ÿnsect has raised more than $435 million in funding and recruited 130 employees. The company has its geographic presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Protix B.V. (Netherlands)
Founded in 2009 and headquartered in Dongen, Netherlands, Protix produces ingredients for feed and food for chicken, shrimp, pets, and humans. The company also converts organic residual streams through insect species, such as black soldier fly, cricket, mealworm, and locust. Protix is supported by a European program— Plattelandsontwikkelingsprogramma (POP3) for developing smart insect farming technologies. Protix also produces chicken feed.
The company was awarded the World Economic Forum the Technology Pioneer award. In 2020, Protix was nominated as the fastest growing Dutch company with a social mission by the Erasmus Centre for Entrepreneurship. Protix was recognized as the most innovative Dutch company and won the Dutch Innovation award in 2020.
The company’s products are available in 13 countries. With more than 15 partners, the company has its presence across Europe, North America, and Asia-Pacific.
Founded in 2014 and headquartered in Ontario, Canada, Entomo Farms manufactures cricket flour, cricket powder, and insect protein. The company offers its products through segments: Powder, Whole Roasted, Seasoned Snacks, Pet Food, Swag, and Frass. Entomo Farms offers its products for both human consumption and pet food applications.
The company has a production capacity of 50 million crickets per week. Entomo Farms has its primary presence in North America.
Aspire Food Group (U.S.)
Founded in 2013 and headquartered in Texas, U.S., Aspire Food Group commercially farms and processes usable ingredients for food and feed. In the U.S., the company rears 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 locally raise palm weevils.
In March 2018, Aspire Food Group acquired Exo to produce cricket bars, high protein powder, and whole roasted crickets.
The company has its geographic presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Founded in 2011 and headquartered in Oklahoma, the U.S., All Things Bugs is involved in the production and sales of finely milled whole cricket powder. The company offers its products under the brand name ‘Griopro.’ All Thing Bugs grinds its insects before spray drying them and turning them into a fine powder with a neutral flavor and smaller particle size (<100 microns).
The company has its geographical presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Meticulous Research in its latest publication on Edible Insects Market has predicted the growth of 29% during the forecast year 2023-2032.
Global Bugs Asia Co., Ltd (Thailand)
Founded in 2016 and headquartered in Bangkok, Thailand, Global Bugs Asia is involved in producing and marketing edible insect products. The company rears crickets and manufactures cricket powder, snacks, and protein bars. It controls the whole value chain from the organic farming of cricket feed, house cricket, and black soldier flies, production, and processing to sales and distribution. Furthermore, the company has a separate online trading platform for distributors and private label products.
The company has its geographical presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
JR Unique Foods Ltd (Thailand)
Founded in 2003 and headquartered in Thailand, JR Unique Foods is engaged in producing insect powder and whole roasted insects for human consumption. It produces insects with Grade A BRC food safety certification. It produces crickets that are entirely fed on vegetarian feed formula, which is GMO-free. The company also offers crickets-based food products through its trading company Thailand Unique (Thailand). Its product line includes edible insects, insect candy, insect powder, and insect foods.
The company has a geographical presence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
InnovaFeed (France)
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.
The company offers its hermetia illucens products for animal feed and aquaculture. The company produces insect products using a complete zero-waste approach by converting insects frass into organic fertilizer. With a large production capacity and research in biotechnology, InnovaFeed produces high-quality insect meals at an industrial scale and competitive price.
The company has its geographical presence across Europe, North America, Asia-Pacific, and Latin America.
Founded in 2009 and headquartered in Kentucky, U.S., EnviroFlight develops insect-based ingredients for animals and plants. The company operates in six markets: poultry, aquaculture, pets, exotics, young animals, and fertilizers. EnviroFlight produces black soldier fly larvae 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 & fat products and renewable clean energy. The company collects waste from the agri-food industry and repurposes it into specialty ingredients, such as hydrolyzed collagen, edible and feed-grade fats, animal proteins & meals, plasma, pet food ingredients, fuel feedstocks, and green bioenergy.
The company has a geographic presence in 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).
Nutrition Technologies feeds its insects with diverse feedstocks. The company collects agricultural & industrial organic waste directly from farms, plantations, and factories. Then, it uses software to formulate insect feed with a unique and dedicated fermentation technique to control the pH and microbiome in the feed substrate. This ability to utilize a heterogeneous supply creates a resilient and highly adaptable model.
The vertical insect production system of Nutrition Technologies is optimized for the tropical conditions in Southeast Asia. It uses automated equipment and Industry 4.0 principles to ensure strict biosafety and European production standards. As a zero-waste facility, Nutrition Technologies aims for the facility to be carbon negative at full capacity.
The company’s main production site is in Johor Bahru, Malaysia, and supporting sites and offices in Vietnam and Singapore. The company opened its first industrial-scale insect protein factory in Malaysia, where it has grown a unique modular black soldier fly larvae production system that incorporates several cost-saving green technologies. This is the first large-scale insect protein factory in Southeast Asia, growing over three trillion bugs at a time to produce sustainable proteins for the animal feed sector.
Popular Mentions: Enterra Feed Corporation (Canada), Hargol FoodTech (Israel), Beta Hatch (U.S.), Armstrong Crickets Georgia (U.S.), Cricket Lab Limited (U.K.), BioflyTech (Spain), nextProtein (France), ENORM Biofactory A/S (Denmark), Hexafly (Ireland), HiProMine S.A. (Poland), and Protenga Pte. Ltd. (Singapore).
Authoritative Research on the Edible Insects Market – Global Opportunity Analysis and Industry Forecast (2023-2032)
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