Middle East & Africa Edible Insects Market to be Worth $282.9 Million by 2030

 

 

Middle East & Africa Edible Insects Market to be Worth $282.9 Million by 2030

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 


Meticulous Research®—a leading global market research company, published a research report titled, ‘Middle East & Africa Edible Insects Market by Product (Whole Insect, Insect Powder, Insect Meal), Insect Type (Crickets, Black Soldier Fly, Mealworms, Ants), Application (Animal Feed, Protein Bar & Shakes, Bakery, Confectionery), and Geography - Forecast to 2030.’

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According to this latest publication from Meticulous Research®, the Middle East & Africa edible insects market is expected to reach $282.9 million by 2030, at a CAGR of 22.4% from 2023 to 2030. The growth of this market is attributed to several factors, including the high nutritional value of insects, the increasing greenhouse gas emissions from the livestock and poultry industries, the environmental benefits associated with consuming edible insects, the increasing utilization of insects in animal feeds by feed processors and farmers, and the low risk of transmitting zoonotic diseases through the consumption of edible insects. Moreover, the rising consumer demand for more sustainable food and feed products, along with government support for insect farming, offers significant growth opportunities for market players.

However, the absence of a standardized regulatory framework, psychological and ethical barriers to consuming insects as food, and the potential risk of allergies associated with insect consumption restrain the market’s growth. Additionally, the lack of awareness regarding the benefits of insect consumption remains a major challenge for the growth of this market.

Key Players

The key players operating in the Middle East & Africa edible insects market are Ÿnsect (SAS) (France), Enterra Feed Corporation (Canada), InnovaFeed (France), EnviroFlight, LLC (U.S.), Nutrition Technologies Group (Singapore), Protix B.V. (Netherlands), Entomo Farms (Canada), Hargol FoodTech (Israel), All Things Bugs LLC (U.S.), Global Bugs Asia Co., Ltd (Thailand), JR Unique Foods (Thailand), Cricket Lab Limited (U.K.), BioflyTech (Spain), InsectiPro Ltd. (Kenya), Mana Biosystems Ltd (Kenya), Marula Proteen Ltd (Uganda), ProtiCycle (South Africa), Inseco (Pty) Ltd. (South Africa), Maltento (Pty) Ltd. (South Africa), and Nambu Group (South Africa).

The Middle East & Africa edible insects market study presents historical market data in terms of value (2021 and 2022), estimated current data (2023), and forecasts for 2030. This market is segmented based on product, insect type, application, end use, and country.

Based on product, the Middle East & Africa edible insects market is segmented into whole insects, insect powder, insect meal, and insect oil. In 2023, the whole insects segment is expected to account for the largest share of the Middle East & Africa edible insects market. The large market share of this segment is attributed to the easy availability of whole insects, the increase in the consumption of insect-based foods, and the increasing popularity of insect food as an alternative protein source.

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Based on insect type, the Middle East & Africa edible insects market is segmented into crickets, mealworms, black soldier flies, buffalo worms, grasshoppers, ants, silkworms, cicadas, and other edible insects. In 2023, the crickets segment is expected to account for the largest share of the Middle East & Africa edible insects market. The large market share of this segment is attributed to the growing utilization of crickets in various food recipes and products, supportive government initiatives aimed at promoting cricket farming, increasing launches of new cricket-based products by manufacturers, and the rising consumer demand for such products. However, the black soldier fly (BSF) segment is slated to register the highest CAGR during the forecast period.

Based on application, the Middle East & Africa edible insects market is segmented into food & beverages and feed. In 2023, the food & beverages segment is expected to account for the largest share of the Middle East & Africa edible insects market. The large market share of this segment can be attributed to several factors, including the widespread acceptance of whole insects as food, increasing demand for high-quality alternative protein and amino acid sources among end users, a growing food shortage in the region, rising demand for nutrition-rich food, and the increasing use of insect powder by the food & beverage sector.

Based on end use, the Middle East & Africa edible insects market is segmented into human consumption and animal nutrition. In 2023, the human consumption segment is expected to account for the largest share of the Middle East & Africa edible insects market. The large market share of this segment can be attributed to several factors, including the increasing demand for environmentally friendly sources of protein, the rising need for insect-based foods to sustain the ever-growing population, and the high nutritional value of insects. The human consumption segment is also projected to register the highest CAGR during the forecast period.

Geographic Review

The Middle East & Africa edible insects market is segmented into South Africa, Saudi Arabia, Kenya, Egypt, Uganda, and the Rest of the Middle East & Africa. In 2023, South Africa is expected to account for the largest share of the Middle East & Africa edible insects market. South Africa’s significant market share can be attributed to several factors, such as the widespread acceptance of edible insects as a source of food and feed, the increasing demand for edible insects driven by food shortages, the abundant availability of various types of edible insects, and the continued efforts of manufacturers to develop edible insect products.

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Key questions answered in the report-

·  Which are the high-growth market segments in terms of product, insect type, application, end use, and country?

·  What was the historical market size for edible insects across the Middle East & Africa?

·  What are the market forecasts and estimates for the period of 2023 to 2030?

·  What are the major drivers, restraints, challenges, opportunities, and trends in the Middle East & Africa Edible insects market?

·  What is the competitive landscape like?

·  What are the recent developments in the Middle East & Africa edible insects 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 Middle East & Africa edible insects market, and how do they compete with other players?

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Meticulous Research®
Email- sales@meticulousresearch.com
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research

 

 

 

 

 

 

 

 

 

 

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