The Latest Insect Protein Industry Statistics Explained
Edible insect protein market is predicted to reach $710 million by 2024.
The statistic indicates that the edible insect protein market is expected to grow significantly, reaching a total value of $710 million by the year 2024. This projection suggests a growing trend in the consumption of edible insects as a sustainable and high-protein alternative source of food. Factors such as the increasing awareness of the environmental and health benefits of consuming insect-based products, as well as the rising demand for new protein sources driven by a growing global population and food sustainability concerns, are likely to contribute to this predicted market expansion. The statistic highlights the potential economic opportunities and market growth within the edible insect protein industry in the coming years.
About 31% of the edible insects market covered by beetles.
The statistic “About 31% of the edible insects market is covered by beetles” indicates that beetles constitute a significant portion of the edible insects market, comprising nearly a third of the market share. This suggests that beetles are a popular and widely consumed type of edible insects within the industry. This information is valuable for stakeholders in the food and agriculture sectors, helping them understand the market dynamics and consumer preferences related to edible insects. Additionally, it highlights the potential market opportunity and demand for beetle-based products in the growing edible insects market.
Asia Pacific accounts for 40% of the global edible insects market.
This statistic indicates that the Asia Pacific region holds a significant share of the global edible insects market, representing 40% of the total market value. Edible insects have gained popularity as a sustainable protein source due to their nutritional benefits and lower environmental impact compared to traditional livestock farming. The Asia Pacific region, with its diverse culinary traditions and history of insect consumption, has emerged as a key player in this growing market. Factors such as increasing demand for alternative protein sources, changing dietary preferences, and rising awareness about the sustainability of insect protein have likely contributed to the region’s substantial market share in the edible insects industry.
North American edible insects market is predicted to grow at a rate of 43.5% from 2018-2023.
The statistic that the North American edible insects market is predicted to grow at a rate of 43.5% from 2018-2023 indicates a rapid and substantial expansion in the consumption and utilization of insects as a food source in the region. This growth rate suggests a significant increase in consumer acceptance and demand for edible insects as a sustainable and nutritious alternative protein source. Factors contributing to this growth may include a growing awareness of the environmental benefits of insect farming, as well as an increasing interest in alternative protein sources among consumers seeking healthier and eco-friendly food options. This projected growth rate highlights the potential for the edible insects market to play a significant role in the future of food sustainability and production in North America.
In 2017, the mealworm segment of the edible insects market was valued at $38 million.
The statistic stating that the mealworm segment of the edible insects market was valued at $38 million in 2017 indicates the monetary worth of the industry focusing specifically on mealworms as a source of edible protein. This value reflects the economic importance and market demand for mealworms within the broader edible insects sector. The figure highlights a growing trend in the consumption of alternative protein sources, with mealworms being recognized for their nutritional benefits and sustainability. The $38 million valuation suggests that there is a significant market opportunity and consumer interest in this segment of the edible insects market, indicating potential growth and further investment opportunities within the industry.
Cricket-based protein could have a market potential of $8 billion by 2030.
The statistic suggests that the market potential for cricket-based protein is projected to reach $8 billion by the year 2030. This indicates a growing interest and acceptance of cricket protein as a viable and potentially lucrative source of protein. The increasing demand for alternative and sustainable protein sources, coupled with the environmental benefits of cricket farming compared to traditional livestock agriculture, is driving the market growth. As consumers become more educated about the nutritional benefits and sustainability of cricket protein, it is expected to become a significant player in the rapidly expanding market for alternative proteins.
A pound of cricket flour contains 65% protein compared to 17.3% in chicken and 13% in beef.
The statistic provided states that a pound of cricket flour contains a significantly higher protein content, specifically 65%, in comparison to chicken which has 17.3% and beef which has 13%. This suggests that cricket flour is a rich source of protein relative to traditional meat sources such as chicken and beef. The high protein content of cricket flour could make it a valuable alternative protein source for individuals looking to increase their protein intake while considering sustainability and environmental impact, as crickets require significantly fewer resources to raise compared to livestock.
Insect farming contest for animal feed reached around $144.1 million in 2019.
The statistic “Insect farming contest for animal feed reached around $144.1 million in 2019” indicates the size and economic significance of the insect farming industry focused on producing insects for animal feed purposes. This figure reflects the total market value generated by these insect farming contests in 2019, highlighting the growing trend of utilizing insects as a sustainable and efficient source of nutrition for livestock. The substantial financial value of $144.1 million suggests increasing investments and interest in the insect farming sector within the animal feed industry, showcasing its potential to address food security challenges and contribute to more environmentally friendly farming practices.
The edible insect market could reach $6.3 billion by 2030.
The statistic “The edible insect market could reach $6.3 billion by 2030” indicates a potential significant growth in the market for edible insects over the next decade. This projection suggests that there is increasing interest and acceptance of consuming insects as a food source, likely driven by trends in sustainability, health, and culinary innovation. The estimated market value of $6.3 billion highlights the potential economic impact of this emerging industry and presents opportunities for businesses that are involved in insect farming, processing, and product development to tap into a growing market demand.
Global insect protein market is forecast to grow at a CAGR of 24.1% from 2019 to 2025.
This statistic indicates that the global insect protein market is expected to grow at a compound annual growth rate (CAGR) of 24.1% from 2019 to 2025. A CAGR provides a smooth average growth rate over a specified period and takes into account the compounding effect of growth over time. In this case, the forecasted CAGR suggests a rapid and significant expansion in the insect protein market, driven by factors such as increasing consumer interest in sustainable protein sources, growing awareness of the nutritional benefits of insect-based products, and a shift towards more environmentally friendly food production practices. The forecasted growth rate of 24.1% reflects a strong market potential for insect protein products in the coming years, highlighting opportunities for businesses operating within this sector.
Farming insects emits 1% of the greenhouse gases that come from raising cattle for beef.
This statistic indicates that the emissions of greenhouse gases from farming insects are significantly lower compared to raising cattle for beef, with farming insects emitting only 1% of the amount emitted by cattle production. This highlights the potential environmental benefits of insect farming as a more sustainable protein source, as it produces a much smaller carbon footprint. Given the growing concerns about the environmental impact of traditional livestock farming, such as methane emissions from cattle, exploring alternative protein sources like insect farming could play a crucial role in mitigating climate change and reducing greenhouse gas emissions in the agricultural sector.
Europe held 30% of the global insect protein market share in 2018.
The statistic “Europe held 30% of the global insect protein market share in 2018” signifies the presence and influence of Europe in the growing market for insect protein as a sustainable and innovative food source. The fact that Europe captured 30% of the global market share indicates a significant market presence in the industry. This statistic implies that European countries are actively participating in the utilization of insects as a viable protein source, likely driven by increasing awareness of sustainability, environmental concerns, and the potential health benefits of insect-based products. This data highlights Europe’s role in the global market for insect proteins and suggests that the region is a key player in the development and adoption of insect-based food products.
Insect protein provides up to 20 times less greenhouse gas emissions than traditional livestock farming.
This statistic indicates that production of insect protein generates significantly lower levels of greenhouse gas emissions compared to traditional livestock farming practices. The environmental impact of food production is a key consideration in the context of climate change, with greenhouse gases such as methane and carbon dioxide contributing to global warming. Insect farming is more efficient and sustainable in terms of resource use, such as feed and water, resulting in lower emissions per unit of protein produced. This suggests that incorporating insect protein into the human diet could be a promising strategy to reduce the environmental footprint of food production and mitigate the effects of climate change.
The edible insects industry’s CAGR is projected to hit 23.8% from 2019–2026.
This statistic indicates the Compound Annual Growth Rate (CAGR) for the edible insects industry from 2019 to 2026 is projected to be 23.8%. CAGR is a measure used to determine the annual growth rate of an investment over a specified period of time, assuming the investment grows at a steady rate. In this context, it suggests that the edible insects industry is expected to experience significant growth over the specified time frame, highlighting the increasing interest and consumption of edible insects as a food source. This projection may be influenced by factors such as shifting consumer preferences towards sustainable and alternative protein sources, as well as advancements in farming and processing techniques within the edible insect sector.
The.Yellow mealworm is the highest speculated insect to increase in terms of consumption, expected to register a growth rate of 24.4% from 2020-2027.
The statistic provided indicates that the Yellow mealworm is projected to experience a significant surge in consumption, with an expected growth rate of 24.4% between the years 2020 to 2027. This suggests a substantial increase in the demand for Yellow mealworms as a food source during this period. Such growth may be driven by factors like changing dietary preferences, increased focus on sustainable protein sources, and the rising popularity of edible insects as a nutritious and environmentally friendly food option. The statistic highlights the potential for Yellow mealworms to play a key role in addressing global food security challenges and sustainable food production practices in the coming years.
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