Mealworms Market Trends

Skyquest Technology's expert advisors have carried out comprehensive research on the mealworms market to identify the major global and regional market trends and growth opportunities for leading players and new entrants in this market. The analysis is based on in-depth primary and secondary research to understand the major market drivers and restraints shaping the future development and growth of the industry.

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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FAQs

Global Mealworms Market size was valued at USD 170 million in 2023 and is poised to grow from USD 210 million in 2024 to USD 1340 million by 2032, growing at a CAGR of 25.8% during the forecast period (2025-2032).

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. 'Ynsect (France) ', 'Protix (Netherlands) ', 'NextProtein (France) ', 'Beta Hatch (USA) ', 'Entomo Farms (Canada) ', 'InnovaFeed (France) ', 'EnviroFlight (USA) ', 'AgriProtein (South Africa) ', 'Insectta (Singapore) ', 'Better Origin (UK) ', 'Mealworm Company (Netherlands) ', 'Kreca Ento-Food BV (Netherlands) ', 'Armstrong Crickets (Canada) ', 'Entobel (Vietnam) ', 'Protenga (Singapore) ', 'Hexafly (Ireland) ', 'Livin Farms (Austria) ', 'Tiny Farms (USA) ', 'Aspire Food Group (Canada) ', 'Nutrition Technologies (Singapore)'

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
Mealworms Market

Report ID: SQMIG30H2079

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