The fast growth of this segment is mainly attributed to the increasing inclination of young generation towards the fitness and wellness, the rising number of health clubs and fitness centers, and busy lifestyle and swelled disposable income which demands highly nutritious and convenient food.Īn in-depth analysis of the geographical scenario of the industry provides detailed qualitative and quantitative insights about the five major geographies (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa) along with the coverage of major countries in each region. Also, increasing demand for cricket-based products, such as protein powder, protein bars, and snacks, among others further supports the growth of this segment.īased on application, the insect protein bars and protein shake application segment is expected to grow at the highest CAGR during the forecast period. The growth of this type is primarily attributed to its high nutritional value, easy farming, easy processing, and growing use in various food recipes & products. However, non-standardized regulatory framework across the globe, lack of awareness, psychological and ethical barriers, and allergies due to insect's consumption are the major factors restraining the growth of this market to some extent.īased on insect type, crickets commanded the largest share in 2018 and expected to dominate the global edible insects market during the forecast period. The factors such as growing population and decreasing food resources, increasing demand for protein-rich food, the high cost of animal protein, environment sustainability with production and consumption of edible insects, the high nutritional value of insects, and low risk of transmitting zoonotic diseases are driving the growth of the global edible insects market. Also, in terms of volume, this market is poised to grow at a CAGR of 27.8% during the forecast period to reach 732,684.1 tonnes by 2030. The global edible insects market is expected to reach USD 7,956.7 million by 2030, supported by a CAGR of 24.4% during the forecast period of 2019 to 2030. styles/icons/theage/medium/mostly_clear.Dublin, Ap(GLOBE NEWSWIRE) - The "Edible Insects Market by Product Type (Whole Insect, Insect Powder, Insect Meal, Insect Type (Crickets, Black Soldier Fly, Mealworms), Application (Animal Feed, Protein Bar and Shakes, Bakery, Confectionery, Beverages) - Global Forecast to 2030" report has been added to 's offering. styles/icons/theage/medium/mostly_clear.png styles/icons/theage/medium/possible_thunderstorm.png styles/icons/theage/medium/possible_shower.png = Check the latest Coastal Waters Forecast or Local Waters Forecast at for information on wind, wave and weather conditions for these coastal zones. Strong Wind Warning for Port Phillip & West, Central and Central Gippsland coastsĪustralian Government Bureau of Meteorology Victoria Marine Wind Warning Summary for Victoria Issued at 10:00 AM EST on Friday 08 July 2022 for the period until midnight EST Saturday 09 July 2022 Wind Warnings for Friday 08 July Gale Warning for the following areas: East Gippsland Coast Strong Wind Warning for the following areas: Port Phillip, West Coast, Central Coast and Central Gippsland Coast Wind Warnings for Saturday 09 July Strong Wind Warning for the following areas: East Gippsland Coast The next marine wind warning summary will be issued by 4:40 pm EST Friday.
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