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Redding, California - June 7, 2024

Edible Grasshoppers Market to be Worth $236.35 Million by 2030

Edible Grasshoppers Market by Product Type (Dried Grasshoppers, Powdered Grasshoppers, Frozen Grasshoppers), End Use (Human Nutrition, Animal Nutrition), Distribution Channel (Offline, Online) - Global Forecast to 2030

Meticulous Research^®—a leading global market research company, published a research report titled, ‘Edible Grasshoppers Market by Product Type (Dried Grasshoppers, Powdered Grasshoppers, Frozen Grasshoppers), End Use (Human Nutrition, Animal Nutrition), Distribution Channel (Offline, Online) - Global Forecast to 2030.’

According to this latest publication from Meticulous Research^®, the edible grasshoppers market is expected to record a CAGR of 20.4% from 2024 to 2030 to reach $236.35 million by 2030. The growth of this market is attributed to environmental benefits associated with grasshoppers; the growing need for protein alternatives as global food scarcity grows, and the rising demand for grasshoppers in the animal feed industry. Additionally, increasing awareness about edible insects offers significant growth opportunities for edible grasshopper vendors. However, the lack of a standardized regulatory framework and psychological and ethical barriers to consuming insects as food restrains the edible grasshoppers market growth.

Key Players

The key players operating in the edible grasshoppers market are Proscientia (China), Hargol FoodTech (Israel), Protix B.V. (Netherlands), Kreca Ento-Feed BV (Netherlands), and Heze Jianuojia Pet Products Co., Ltd. (China).

The edible grasshoppers market is segmented based on product type, end use, distribution channel, and geography. The study also evaluates industry competitors and analyses the market at the regional and country levels.

Based on product type, the edible grasshoppers market is segmented into dry grasshoppers, powdered grasshoppers, frozen grasshoppers, and other product types. In 2024, the dry grasshoppers segment is expected to account for the largest share of the edible grasshoppers market. The large market share of this segment is attributed to easy availability, the requirement for lower costs compared to processed grasshopper products, and the inaccessibility of processing techniques in some regions. However, the powdered grasshoppers segment is expected to register the highest CAGR during the forecast period.

Based on end use, the edible grasshoppers market is segmented into human nutrition and animal nutrition. In 2024, the human nutrition segment is expected to account for the largest share of the edible grasshoppers market. The large market share of this segment is attributed to their acceptance and adoption as a food source, a diverse nutrient profile, and high demand for innovative and unique products. This segment is also expected to register the highest CAGR during the forecast period due to grasshoppers being considered a reliable source of protein in health products.

Based on distribution channel, the edible grasshoppers market is segmented into offline distribution and online distribution. In 2024, the offline distribution segment is expected to account for the largest share of the edible grasshoppers market. The major market share of offline distribution channels is attributed to the higher preference of consumers for traditional shopping experiences from physical stores offering easy accessibility, quick purchase for fresh produce, and conventional trust and familiarity.

Based on geography, in 2024, Europe is expected to account for the largest share of the edible grasshoppers market. Europe’s major market share is attributed to the consumers’ positive attitude toward the consumption of insects as food & feed, government approval for the grasshoppers, a well-established commercial farming market for edible insects, and the presence of well-established manufacturers. However, North America is projected to register the highest CAGR during the forecast period. The growth of this regional market is attributed to the growing demand for a sustainable protein diet, growing concerns about meat production, and increasing demand for insect-based products.

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5558

Key questions answered in the report-

What are the high-growth market segments regarding product type, end use, distribution channel, and country/region?
What is the historical market for edible grasshoppers across the globe?
What are the market forecasts and estimates for 2024 to 2030?
What are the major drivers, restraints, challenges, opportunities, and trends in the edible grasshoppers market?
Who are the major players in the global market, and what are their market shares?
Who are the major players in various countries, and what are their market shares?
How is the competitive landscape?
What are the recent developments in the edible grasshoppers market?
What are the different growth strategies adopted by the major players in the market?
What are the key geographic trends, and which are the high-growth countries?
Who are the local emerging players in the edible grasshoppers market, and how do they compete with other players?

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Redding, California - June 7, 2024

Edible Grasshoppers Market to be Worth $236.35 Million by 2030

Edible Grasshoppers Market by Product Type (Dried Grasshoppers, Powdered Grasshoppers, Frozen Grasshoppers), End Use (Human Nutrition, Animal Nutrition), Distribution Channel (Offline, Online) - Global Forecast to 2030

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