What is the global market size of the Mealworms Market?

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).

Global Mealworms Market Size, Share, Growth Analysis, By Product type(Whole Mealworm, Mealworm Meal), By Application(Animal Feed, Aquafeed) - Industry Forecast 2024-2031

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

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 Report Snapshots

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Global Mealworms Market size was valued at USD 0.13 billion in 2019 and is poised to grow from USD 0.16 billion in 2023 to USD 1.27 billion by 2031, growing at a CAGR of 25.8% in the forecast period (2024-2031).

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.

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Global Mealworms Market Size, Share, Growth Analysis, By Product type(Whole Mealworm, Mealworm Meal), By Application(Animal Feed, Aquafeed) - Industry Forecast 2024-2031

Global Mealworms Market Regional Insights

Global Mealworms Market Report Snapshots

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