Meticulous Research®—a leading global market research company, published a research report titled, ‘Europe Edible Insects Market by Product (Insect Powder, Insect Meal, Insect Oil), Insect Type (Crickets, Black Soldier Fly, Mealworms, Ants, Grasshoppers), Application (Animal Feed, Pet Food, Protein Bar & Shakes, Bakery, Confectionery) - Forecast to 2030.’
According to this latest publication from Meticulous Research®, the Europe edible insects market is projected to reach $2.98 billion by 2030, at a CAGR of 29% from 2023 to 2030. In terms of volume, the Europe edible insects market is expected to reach 7,85,042.7 tones by 2030, at a CAGR of 32% during the forecast period 2023–2030. Rising inclination towards the consumption of alternative protein food, high nutritional value of insects, environmental benefits of edible insects, and rising demand for fish feed are some of the factors driving the growth of the Europe edible insects market. Furthermore, growing investments in the edible insects sector and rising demand for high-protein food offers significant growth opportunities for edible insects stakeholders in Europe.
However, the high cost of insect production and the stringent regulatory framework restrains the edible insects market growth in Europe. Low consumer acceptance of entomophagy is a major challenge for the growth of Europe’s edible insect market.
The Europe edible insects market is characterized by a moderately competitive scenario due to many large and small-sized global, regional, and local players. The key players operating in the Europe edible insects market are Ÿnsect (SAS) (France), Protix B.V. (Netherlands), InnovaFeed SAS (France), EnviroFlight, LLC (U.S.), Hargol FoodTech (Israel), Aspire Food Group (U.S.), All Things Bugs LLC (U.S.), EntoCube OY (Finland), Global Bugs Asia Co., Ltd (Thailand), JR Unique Foods Ltd (Thailand), Cricket Lab Limited (U.K.), BIOFLYTECH S.L. (Spain), TEBRIO (Spain), nextProtein SA (France), Hexafly (Ireland), Enorm Biofactory A/S (Denmark), HiProMine S.A. (Poland), SFly Comgraf SAS (France) and Protenga Pte. Ltd. (Singapore).
The Europe edible insects market is segmented by product (whole insect, insect powder, insect meal, and insect oil), insect type (crickets, mealworms, black soldier fly, buffalo worms, grasshoppers, ants, silkworms, cicadas, and other edible insects), application (food & beverages and feed), end use (human consumption and animal nutrition), and country (Netherlands, Belgium, France, Denmark, Finland, Germany, and rest of Europe [RoE]). The study also evaluates industry competitors and analyzes the market at regional and country levels.
Among all the product studied in this report, the whole insects segment is expected to account for the largest share of the Europe edible insects market in 2023. However, the insect powder segment is expected to grow at the highest CAGR during the forecast period of 2023–2030, due to the rising inclination of consumers toward fitness & wellness and growing demand for protein-rich food products. In addition, in January 2023, the European Union approved the sale of house crickets and larvae insects for human consumption in powder and other dried forms, which is further expected to increase demand for whole insects in the region.
Among all the insect types studied in this report, the black soldier fly (BSF) segment is slated to register the highest CAGR during the forecast period of 2023–2030 owing to the increasing government support for insect meal as a livestock feed and growing venture investments in the European BSF industry. Additionally, black soldier flies are gaining popularity in the European Union due to their ability to convert waste into protein, which is anticipated to further propel the growth of this market in Europe.
Among all the applications studied in this report, the food and beverages segment is expected to account for the largest share of the Europe edible insects market in 2023. The large share of this segment is mainly attributed to the growing demand for insect-infused food and beverages, the increasing consumption of processed whole insects as food, and the increasing demand for high-quality alternative protein. Moreover, the growing demand for high-protein ingredients for sports nutrition, dietetic food, or food supplements is further expected to create market growth opportunities for stakeholders in this market.
Among all the end uses studied in this report, the human consumption segment is expected to account for the largest share of the Europe edible insects market in 2023. The large market share of this segment is attributed to factors such as the rising demand for protein-enriched food, the growing demand for insect-based food products, such as protein powders, protein bars, and snacks, and the rising awareness about the nutritional benefits of insects in human nutrition. This segment is also expected to register the highest CAGR during the forecast period of 2023–2030.
Among all the countries studied in this report, in 2023, the Netherlands is expected to account for the largest share of the Europe edible insects market. The large share of this market is mainly driven by the presence of key insect manufacturers and growing initiatives from the government and other institutions to create awareness about insect foods in the Netherlands.
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