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