Global Mealworms Market

Global Mealworms Market Size, Share, Growth Analysis, By Product type(Whole Mealworm, Mealworm Meal), By Application(Animal Feed, Aquafeed) - Industry Forecast 2023-2030


Report ID: SQMIG30H2079 | Region: Global | Published Date: February, 2024 | Pages: 157 | Tables: 66 | Figures: 75

Global Mealworms Market Insights

Global Mealworms Market size was valued at USD 0.13 billion in 2021 and is poised to grow from USD 0.16 billion in 2022 to USD 1.27 billion by 2030, growing at a CAGR of 25.8% in the forecast period (2023-2030).

As the COVID-19 pandemic spread to more than 215 countries, it became a global public health emergency. To combat the spread of this disease, many countries declared emergencies and announced complete nationwide, statewide, or citywide lockdowns, halting all travel, transportation, manufacturing, educational institutions, and non-essential trade. These restrictions had a significant impact on many industries, reducing global manufacturing and distribution. The COVID-19 pandemic had a significant impact on the food industry, affecting meat producers worldwide. Several challenges faced the meat products sector, including the risk of continuing production, distribution, and transportation; a lack of workforce; supply chain disruptions; and delays in development activities. These factors influenced the meat products industry, increasing demand for alternative proteins such as insect protein products (mealworm proteins). The rising greenhouse gas emissions from the livestock and poultry industries, the high nutritional value of mealworms, the environmental advantages of eating edible mealworms, and the lower risk of zoonotic diseases with insect consumption compared to the consumption of animal-derived products are some of the factors driving the growth of this market. However, the possibility of adverse reactions brought on by eating mealworms is anticipated to significantly slow the growth of this industry.

US Mealworms Market is poised to grow at a sustainable CAGR for the next forecast year.

Market snapshot - 2023-2030

Global Market Size

USD 0.13 billion

Largest Segment

Whole Mealworm

Fastest Growth

Whole Mealworm

Growth Rate

25.8% CAGR

Global Mealworms Market ($ Bn)
Country Share for North America Region (%)
Global Mealworms Market By Product Type ($ Bn)
Global Mealworms Market By Product Type (%)

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Global Mealworms Market Segmental Analysis

On the basis of region, Mealworms Market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East and Africa(MEA). Europe is expected to have the largest share of the mealworms market in 2022. The presence of key mealworm manufacturers, increasing demand for alternative protein sources, high demand for protein-rich food and feed, an increasing number of government approvals for mealworms to be used in human, animal, and pet food applications, and the presence of supportive policies for insect farming all contribute to this region's large Mealworms Market share.

Mealworms Market Analysis by product type

According to product type, the whole mealworm segment is expected to account for the largest share of the market in 2022. This segment is also expected to grow at the fastest rate between 2022 and 2028. This segment's growth is primarily attributed to food and feed manufacturers' increasing preference for whole mealworms for further processing due to their ease of availability and low cost.

Mealworms Market Analysis by application

According to application, the animal feed segment is expected to account for the largest share of the mealworms market in 2022. The growing availability of products for use in animal feed, the increasing use of mealworm-based products by feed manufacturers, and the high nutritional value of mealworms in animal nutrition are driving growth in this segment. It contains a high concentration of amino acids, minerals, fats, vitamins, and energy. They have the potential to be an important source of feed for poultry, aquaculture, and pets.

Global Mealworms Market By Product Type, 2021 (%)

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Global Mealworms Market Regional Insights

North America, on the other hand, is expected to have the highest CAGR from 2022 to 2030. The growing demand for environmentally friendly protein-rich food is driving this market's rapid growth. Furthermore, growing consumer awareness of insects as food, decreasing food neophobia, and shifting consumer attitudes toward insects as food products are expected to create significant opportunities for the mealworms market to grow.

Global Mealworms Market By Region, 2023-2030
  • Largest
  • Fastest

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Global Mealworms Market Dynamics

Mealworms Market Drivers

Environmental and Health Benefits to Boost Demand for Mealworms in the Global Market

  • The increasing greenhouse gas emissions from the livestock and poultry industries, the high nutritional value of mealworms, the environmental benefits of edible mealworm consumption, and the lower risk of zoonotic diseases with insect consumption compared to animal-derived products are driving the growth of this market.
  • The high demand for insect feed in emerging economies is expected to drive up the number of insect producers' investments. Environmental Advantages of Consuming Edible Mealworms Lower Risk of Zoonotic Diseases with Insect Consumption Compared to Animal-Derived Product Consumption

Mealworms Market Restraints

Associated Health Risks to Hinder Market Growth

  • The risk of allergic reactions associated with mealworm consumption is expected to significantly limit market growth.
  • The COVID-19 pandemic had a significant impact on the food industry, affecting meat producers worldwide. Several challenges faced the meat products sector, including the risk of continuing production, distribution, and transportation; a lack of workforce; supply chain disruptions; and delays in development activities.

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Global Mealworms Market Competitive Landscape

The mealworms market includes an examination of market competition by company, including an overview, business description, product portfolio, key financials, and so on. Market probability scenarios, a PEST analysis, Porter's Five Forces analysis, supply-chain analysis, and market expansion strategies are also included.

Mealworms Market Top Player's Company Profiles

  • Proti-Farm Holding NV
  • Ynsect
  • Beta Hatch, Inc.
  • Entomo Farms
  • All Things Bugs, LLC
  • Micronutris
  • Ÿnsect SAS
  • AgriProtein Technologies
  • Protix B.V.
  • Coalo Valley Farms
  • EnviroFlight LLC
  • Enterra Feed Corporation
  • EntoCube Oy
  • Entofood Sdn Bhd
  • Innovafeed
  • Jimini's SAS
  • Livin Farms GmbH
  • MealFood Europe S.L.
  • NextProtein
  • Rainbow Mealworms & Crickets

Mealworms Market Recent Developments

  • In July 2022, Beta Hatch opened North America’s Largest Regenerative Protein Hatchery. This development will aid in the development and expansion of the company’s product portfolio.

Global Mealworms Key Market Trends

  • Increasing health & wellness trends and rising health awareness, such as the risk of viral infections, cardiovascular disease, liver disease, bone disorders, and an increased risk of certain types of cancer associated with long-term use of animal proteins, have created traction for sustainable protein sources like mealworms. Many vendors are focusing on improving their production capacities, processes, and end products in order to capture this traction in the edible insect industry.
  • To prevent zoonotic diseases, Wuhan's municipal government banned breeding, hunting, and eating wild animals for five years, increasing meat shortages and increasing demand for alternative substitutes such as edible insects and plant-based products.

Global Mealworms Market SkyQuest Analysis

SkyQuest’s ABIRAWA (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research

According to our global mealworm market analysis, they are rich in protein, vitamins, and amino acids. Mealworms have the same health benefits as meat or fish. They are high in monounsaturated fats and omega-3 fatty acids, both of which are essential components of a healthy, well-balanced diet. Many developing countries continue to face significant hunger and malnutrition problems, and a lack of sufficient food energy intake is often caused by a lack of available fat sources. Several edible insect species contain good fats that are easily converted into energy. Insects are also high in calcium, iron, and zinc, and are a good source of protein and vitamins. Such species could be an invaluable part of the diets of people in malnourished countries. Furthermore, some people are unable to digest soy, milk, or egg-derived protein due to allergic reactions. Milk sugar causes severe allergic reactions in some people, such as bloating and diarrhoea. As a result, insects can be good alternatives because they contain amino acids and high protein levels, allowing manufacturers to incorporate mealworm protein into a variety of food products. The growing population in developing countries exacerbates the problem of food security.

Report Metric Details
Market size value in 2021 USD 0.13 billion
Market size value in 2030 USD 1.27 billion
Growth Rate 25.8%
Base year 2021
Forecast period 2023-2030
Forecast Unit (Value) USD Billion
Segments covered
  • Product type
    • Whole Mealworm, Mealworm Meal, Mealworm Powder, Other Mealworm Products
  • Application
    • Animal Feed, Aquafeed, Pet Food, Food & Beverages, Other Applications.
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Proti-Farm Holding NV
  • Ynsect
  • Beta Hatch, Inc.
  • Entomo Farms
  • All Things Bugs, LLC
  • Micronutris
  • Ÿnsect SAS
  • AgriProtein Technologies
  • Protix B.V.
  • Coalo Valley Farms
  • EnviroFlight LLC
  • Enterra Feed Corporation
  • EntoCube Oy
  • Entofood Sdn Bhd
  • Innovafeed
  • Jimini's SAS
  • Livin Farms GmbH
  • MealFood Europe S.L.
  • NextProtein
  • Rainbow Mealworms & Crickets
Customization scope

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  • Segments by type, application, etc
  • Company profile
  • Market dynamics & outlook
  • Region

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Mealworms Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Mealworms Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Mealworms Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Mealworms Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Mealworms Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Mealworms Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQ's

Global Mealworms Market size was valued at USD 0.13 billion in 2021 and is poised to grow from USD 0.16 billion in 2022 to USD 1.27 billion by 2030, growing at a CAGR of 25.8% in the forecast period (2023-2030).

The mealworms market includes an examination of market competition by company, including an overview, business description, product portfolio, key financials, and so on. Market probability scenarios, a PEST analysis, Porter's Five Forces analysis, supply-chain analysis, and market expansion strategies are also included. 'Proti-Farm Holding NV', 'Ynsect', 'Beta Hatch, Inc.', 'Entomo Farms', 'All Things Bugs, LLC', 'Micronutris', 'Ÿnsect SAS', 'AgriProtein Technologies', 'Protix B.V.', 'Coalo Valley Farms', 'EnviroFlight LLC', 'Enterra Feed Corporation', 'EntoCube Oy', 'Entofood Sdn Bhd', 'Innovafeed', 'Jimini's SAS', 'Livin Farms GmbH', 'MealFood Europe S.L.', 'NextProtein', 'Rainbow Mealworms & Crickets'

The increasing greenhouse gas emissions from the livestock and poultry industries, the high nutritional value of mealworms, the environmental benefits of edible mealworm consumption, and the lower risk of zoonotic diseases with insect consumption compared to animal-derived products are driving the growth of this market.

Increasing health & wellness trends and rising health awareness, such as the risk of viral infections, cardiovascular disease, liver disease, bone disorders, and an increased risk of certain types of cancer associated with long-term use of animal proteins, have created traction for sustainable protein sources like mealworms. Many vendors are focusing on improving their production capacities, processes, and end products in order to capture this traction in the edible insect industry.

North America, on the other hand, is expected to have the highest CAGR from 2022 to 2030. The growing demand for environmentally friendly protein-rich food is driving this market's rapid growth. Furthermore, growing consumer awareness of insects as food, decreasing food neophobia, and shifting consumer attitudes toward insects as food products are expected to create significant opportunities for the mealworms market to grow.

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Global Mealworms Market

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