The South East Asia Edible Insects Market is slated to register a CAGR of 24.1% from 2023 to 2030 to reach $1.58 Billion by 2030. The growth of the South East Asia edible insects market is mainly attributed to growing greenhouse gas emissions from the livestock and poultry industries, rising demand for insect protein in the animal feed industry, and the growing population and their awareness about the benefits of alternative protein. Furthermore, the rising demand for insect-infused food is expected to create market growth opportunities. However, the psychological and ethical barriers to consuming insects as food, the growing vegan population and the risk of allergies due to insect consumption are expected to hinder the growth of this market to some extent.
Key Players
The report includes a competitive landscape based on an extensive assessment of the key strategic developments by leading market participants in the industry. Some of the key players operating in the South East Asia edible insects market are Ÿnsect (SAS) (France), Protix B.V. (Netherlands), InnovaFeed (France), EnviroFlight, LLC (U.S.), Nutrition Technologies Group (Singapore), Aspire Food Group (U.S.), All Things Bugs LLC (U.S.), Global Bugs Asia Co., Ltd (Thailand), JR Unique Foods (Thailand), Cricket Lab Limited (U.K.), Enorm Biofactory A/S (Denmark), SFly Comgraf SAS (France) and Protenga Pte. Ltd. (Singapore).
Developing regions, such as South East Asia, are expected to witness exponential growth in their human populations and changes in dietary patterns in tandem with economic growth, leading to a 70% increase in the demand for livestock products by 2050. The prices of livestock products are increasing due to the rising feed costs. Presently, the cost of feed accounts for ~60–70% of the total livestock production costs. Fish and soybean meals are the major protein sources for animal feed. However, these sources compete with food production for humans. Moreover, the availability of fishmeal has become limited due to the over-exploitation of marine resources, causing a rapid increase in the cost of these feed ingredients. Hence, searching for sustainable alternatives has increased interest in using insects as feed ingredients.
Insects have high protein content, and their production has a small footprint. Mass-reared insect species, such as the black soldier fly (BSF), have drawn significant attention mainly due to their ability to feed on different substrates, including organic waste streams. The ability of BSF to convert organic waste into high-quality nutrients has rapidly spurred commercial opportunities such as the development of BSF-based products, such as protein meal, which is cheaper compared to fishmeal or soybean meal and can be used as an alternative source of protein in pig, poultry, and fish feeds. According to the FDA, when soybean and fishmeal were replaced with BSF larvae meal in proportions of 10–56%, broiler quail and chicken meat had a good taste, aroma, and nutritional composition. In addition, BSF meal was also used as fish feed for Nile tilapia (in different proportions), which resulted in similar growth performance and feed conversion.
Therefore, animal feed manufacturers have started incorporating BSF meal into their feed products as an alternative source of protein due to the high growth performance of BSF meal and the rising prices of fishmeal and soya meal, driving the growth of the South East Asia edible insects market.
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In 2023, the Whole Insects Segment to Dominate the South East Asia Edible Insects Market
Based on product, the South East Asia edible insects market is segmented into whole insects, insect powder, insect meal, and insect oil. In 2023, the whole insects segment is expected to account for the largest share of the South East Asia edible insects market. The large market share of this segment is attributed to the easy availability of whole insects, the unavailability of insect processing techniques in some South East Asian countries, the increase in the consumption of insect-based foods and the increasing popularity of insect food as an alternative protein source.
However, the insect powder segment is expected to grow at the fastest CAGR during the forecast period. The rapid growth of this segment is attributed to the rising number of health clubs & fitness centers serving insect powder, Consumers’ increasing inclination toward fitness & wellness, increasing use of insect powder in different food & beverages, and growing demand for environment-friendly alternative protein sources.
In 2023, the Crickets Segment to Dominate the South East Asia Edible Insects Market
Based on insect type, the South East Asia edible insects market is segmented into crickets, mealworms, black soldier flies, buffalo worms, grasshoppers, ants, silkworms, cicadas, and other edible insects. In 2023, the crickets segment is expected to account for the largest share of the South East Asia Edible Insects Market. The large market share of this segment is attributed to their increasing incorporation into various food recipes and products, rising government support for cricket farming, increasing innovative techniques of manufacturers by launching crickets-based products and the rising demand for cricket-based products.
However, the black soldier fly (BSF) segment is slated to register the highest CAGR during the forecast period. The rapid growth of this segment is attributed to the rising demand for alternative proteins from the animal feed industry due to the rising prices of soy meal, growing aquaculture industry and increasing demand due to high protein content.
In 2023, the Food & Beverages Segment to Dominate the South East Asia Edible Insects Market
Based on application, the South East Asia Edible Insects Market is segmented into food & beverages and feed. In 2023, the food & beverages segment is expected to account for the largest share of the South East Asia edible insects market. The large market share of this segment is attributed to factors such as the rising demand for high-quality alternative protein and amino acid sources among end users, growing food shortage in the region, rising demand for environment-friendly food, and increasing use of insect powder by the food & beverages industry.
In 2023, the Human Consumption Segment to Dominate the South East Asia Edible Insects Market
Based on end use, the South East Asia Edible Insects Market is segmented into human consumption and animal nutrition. In 2023, the human consumption segment is expected to account for the largest share of the South East Asia edible insects market. The large market share of this segment is attributed to factors such as the growing demand for environment-friendly, alternative sources of protein, rising demand for insect-based foods to feed the ever-growing population and the high nutritional value of insects in human nutrition. This segment is also expected to register the highest CAGR during the forecast period.
Thailand Dominates the South East Asia Edible Insects Market, while Vietnam Leads in Growth
The South East Asia Edible Insects Market is segmented into: Thailand, Vietnam, Malaysia, Indonesia, Singapore, Indonesia, and Rest of South East Asia. In 2023, Thailand is expected to account for the largest share of the South East Asia edible insects market. The large market share of this country is attributed to factors such as consumers’ acceptance of edible insects, numerous edible insect farms, increased use of BSF (Black Soldier Fly) in animal feed, growth of the livestock industry, and rising feed prices.
However, Vietnam is slated to register the highest CAGR during the forecast period. The rapid growth of this region is mainly attributed to the growing demand for edible insects due to food shortages, high availability of raw materials, increasing exports to European countries, rising developments by manufacturers, and increasing consumer acceptance.
Scope of the Report:
South East Asia Edible Insects Market Assessment, by Product
South East Asia Edible Insects Market Assessment, by Insect Type
South East Asia Edible Insects Market Assessment, by Application
South East Asia Edible Insects Market Assessment, by End Use
South East Asia Edible Insects Market Assessment, by Country
Key Questions Answered in the Report:
The South East Asia edible insects market is projected to reach $1.58 billion by 2030, at a CAGR of 24.1% from 2023 to 2030.
The whole insects segment is expected to account for the largest share of the South East Asia edible insects market.
The Black Soldier Flies (BSF) segment is slated to register the highest CAGR during the forecast period and provide significant opportunities for players operating in this market.
The major key players operating in the South East Asia Edible Insects Market are Ÿnsect (SAS) (France), Protix B.V. (Netherlands), InnovaFeed (France), EnviroFlight, LLC (U.S.), Nutrition Technologies Group (Singapore), Aspire Food Group (U.S.), All Things Bugs LLC (U.S.), Global Bugs Asia Co., Ltd (Thailand), JR Unique Foods (Thailand), Cricket Lab Limited (U.K.), Enorm Biofactory A/S (Denmark), SFly Comgraf SAS (France) and Protenga Pte. Ltd. (Singapore).
Vietnam is slated to register the highest CAGR during the forecast period. The rapid growth of this region is mainly attributed to the growing demand for edible insects due to food shortages, high availability of raw materials, increasing exports to European countries, rising developments by manufacturers and increasing consumer acceptance.
This report provides pre & post COVID-19 market estimates.
1. Market Definition & Scope
1.1. Market Definition
1.2. Market Ecosystem
1.3. Currency
1.4. Key Stakeholders
2. Research Methodology
2.1. Research Approach
2.2. Process of Data Collection and Validation
2.2.1. Secondary Research
2.2.2. Primary Research / Interviews with Key Opinion Leaders of the Industry
2.3. Market Sizing and Forecasts
2.3.1. Market Size Estimation Approach
2.3.2. Growth Forecast Approach
2.4. Assumptions for the Study
3. Executive Summary
3.1. Overview
3.2. Segment Analysis
3.2.1. South East Asia Edible Insects Market, By Product
3.2.2. South East Asia Edible Insects Market, By Insect Type
3.2.3. South East Asia Edible Insects Market, By Application
3.2.4. South East Asia Edible Insects Market, By End Use
3.3. South East Asia Edible Insects Market Analysis, By Country
3.4. Competitive Landscape & Market Competitors
4. Market Insights
4.1. Overview
4.2. Drivers
4.2.1. Increasing Greenhouse Gas Emissions from the Livestock and Poultry Industries
4.2.2. Rising Demand for Insect Protein in the Animal Feed Industry
4.2.3. Growing Population and Awareness About the Benefits of Alternative Protein
4.3. Restraints
4.3.1. Psychological and Ethical Barriers to Consuming Insects as Food
4.3.2. Growing Vegan Population
4.3.3. Risk of Allergies Due to Insect Consumption
4.4. Opportunities
4.4.1. Rising Demand for Insect-infused Food
4.5. Challenges
4.5.1. Lack of Awareness
4.6. Pricing Analysis
4.6.1. Whole Insects
4.6.2. Insect Powder
4.6.3. Insect Meal
4.6.4. Insect Oil
4.7. Key Edible Insect Companies and their Production Capacities (Tonnes/Year)
4.8. Regulatory Analysis
4.9. Edible Insects Market: Venture Investments/Funding Scenario
5. South East Asia Edible Insects Market Assessment —By Product
5.1. Overview
5.2. Whole Insects
5.3. Insect Powder
5.4. Insect Meal
5.5. Insect Oil
6. South East Asia Edible Insects Market Assessment —By Insect Type
6.1. Overview
6.2. Crickets
6.3. Black Soldier Flies
6.4. Mealworms
6.5. Buffalo Worms
6.6. Grasshoppers
6.7. Ants
6.8. Silkworms
6.9. Cicada
6.10. Other Edible Insects
7. South East Asia Edible Insects Market Assessment —By Application
7.1. Overview
7.2. Food & Beverages
7.2.1. Processed Whole Insects
7.2.2. Processed Insect Powder
7.2.3. Protein Bars & Protein Shakes
7.2.4. Baked Products & Snacks
7.2.5. Insect Confectioneries
7.2.6. Insect Beverages
7.2.7. Other Food & Beverage Applications
7.3. Feed
7.3.1. Animal Feed
7.3.2. Aquaculture Feed
7.3.3. Pet Food
8. South East Asia Edible Insects Market Assessment —By End Use
8.1. Overview
8.2. Human Consumption
8.3. Animal Nutrition
9. South East Asia Edible Insects Market Assessment —By Country
9.1. Overview
9.2. Thailand
9.3. Vietnam
9.4. Malaysia
9.5. Indonesia
9.6. Singapore
9.7. Rest of South East Asia
10. Competition Analysis
10.1. Overview
10.2. Key Growth Strategies
10.3. Competitive Dashboard
10.3.1. Industry Leaders
10.3.2. Market Differentiators
10.3.3. Vanguards
10.3.4. Emerging Companies
10.4 Competitive Benchmarking
11. Company Profile (Company Overview, Financial Overview, Product Portfolio, Strategic Developments)
11.1. Ÿnsect (SAS)
11.2. Protix B.V.
11.3. InnovaFeed
11.4. EnviroFlight, LLC
11.5. Nutrition Technologies Group
11.6. Aspire Food Group
11.7. All Things Bugs, LLC
11.8. Global Bugs Asia Co., Ltd.
11.9. Jr Unique Foods Ltd.
11.10. Cricket Lab Limited
11.11. Enorm Biofactory A/S
11.12. SFly Comgraf SAS
11.13. Protenga Pte Ltd.
12 Appendix
12.1. Available Customization
12.2. Related Reports
List of Tables
Table 1 Average Selling Prices of Whole Insect, by Country, 2021–2030 (USD/KG)
Table 2 Average Selling Prices of Insect Powder, by Country, 2021–2030 (USD/KG)
Table 3 Average Selling Prices of Insect Meal, by Country, 2021–2030 (USD/KG)
Table 4 Average Selling Prices of Insect Oil, by Country, 2021–2030 (USD/KG)
Table 5 Insect Application and Approval Status
Table 6 South East Asia Edible Insects Market, by Product, 2021–2030 (USD Million)
Table 7 South East Asia Edible Insects Market, by Product, 2021–2030 (Tonnes)
Table 8 South East Asia Edible Whole Insects Market, by Country, 2021–2030 (USD Million)
Table 9 South East Asia Edible Whole Insects Market, by Country, 2021–2030 (Tonnes)
Table 10 South East Asia Edible Insect Powder Market, by Country, 2021–2030 (USD Million)
Table 11 South East Asia Edible Insect Powder Market, by Country, 2021–2030 (Tonnes)
Table 12 South East Asia Edible Insect Meal Market, by Country, 2021–2030 (USD Million)
Table 13 South East Asia Edible Insect Meal Market, by Country, 2021–2030 (Tonnes)
Table 14 South East Asia Edible Insect Oil Market, by Country, 2021–2030 (USD Million)
Table 15 South East Asia Edible Insect Oil Market, by Country, 2021–2030 (Tonnes)
Table 16 South East Asia Edible Insects Market, by Insect Type, 2021–2030 (USD Million)
Table 17 Cricket Species as Feed for Animals and Pets
Table 18 South East Asia Crickets Market, by Country, 2021–2030 (USD Million)
Table 19 South East Asia Black Soldier Flies Market, by Country, 2021–2030 (USD Million)
Table 20 South East Asia Mealworms Market, by Country, 2021–2030 (USD Million)
Table 21 South East Asia Buffalo Worms Market, by Country, 2021–2030 (USD Million)
Table 22 South East Asia Grasshoppers Market, by Country, 2021–2030 (USD Million)
Table 23 South East Asia Ants Market, by Country, 2021–2030 (USD Million)
Table 24 South East Asia Silkworms Market, by Country, 2021–2030 (USD Million)
Table 25 South East Asia Cicadas Market, by Country, 2021–2030 (USD Million)
Table 26 South East Asia Other Edible Insects Market, by Country, 2021–2030 (USD Million)
Table 27 South East Asia Edible Insects Market, by Application, 2021–2030 (USD Million)
Table 28 South East Asia Edible Insects Market for Food & Beverage, by Product Type, 2021–2030 (USD Million)
Table 29 South East Asia Edible Insects Market for Food & Beverage, by Country, 2021–2030 (USD Million)
Table 30 South East Asia Edible Insects Market for Processed Whole Insects, by Country, 2021–2030 (USD Million)
Table 31 South East Asia Edible Insects Market for Processed Insect Powder, by Country, 2021–2030 (USD Million)
Table 32 South East Asia Edible Insects Market for Protein Bars & Protein Shakes, by Country, 2021–2030 (USD Million)
Table 33 South East Asia Edible Insects Market for Baked Products & Snacks, by Country, 2021–2030 (USD Million)
Table 34 South East Asia Edible Insects Market for Insect Confectioneries, by Country, 2021–2030 (USD Million)
Table 35 South East Asia Edible Insects Market for Insect Beverages, by Country, 2021–2030 (USD Million)
Table 36 South East Asia Edible Insects Market for Other Food & Beverage Applications, by Country, 2021–2030 (USD Million)
Table 37 South East Asia Edible Insects Market for Feed, by Product Type, 2021–2030 (USD Million)
Table 38 South East Asia Edible Insects Market for Feed, by Country, 2021–2030 (USD Million)
Table 39 South East Asia Edible Insects Market for Animal Feed, by Country, 2021–2030 (USD Million)
Table 40 South East Asia Edible Insects Market for Aquaculture Feed, by Country, 2021–2030 (USD Million)
Table 41 South East Asia Edible Insects Market for Pet Food, by Country, 2021–2030 (USD Million)
Table 42 South East Asia Edible Insects Market, by End Use, 2021–2030 (USD Million)
Table 43 Key Players Offering Insect-Based Products for Human Consumption
Table 44 South East Asia Edible Insects Market for Human Consumption, by Country, 2021–2030 (USD Million)
Table 45 Key Players Offering Insect-Based Products for Animal Nutrition
Table 46 South East Asia Edible Insects Market for Animal Nutrition, by Country, 2021–2030 (USD Million)
Table 47 South East Asia: Edible Insects Market, by Country, 2021–2030 (USD Million)
Table 48 South East Asia: Edible Insects Market, by Country, 2021–2030 (Tonnes)
Table 49 South East Asia: Edible Insects Market, by Product, 2021–2030 (USD Million)
Table 50 South East Asia: Edible Insects Market, by Product, 2021–2030 (Tonnes)
Table 51 South East Asia: Edible Insects Market, by Insect Type, 2021–2030 (USD Million)
Table 52 South East Asia: Edible Insects Market, by Application, 2021–2030 (USD Million)
Table 53 South East Asia: Edible Insects Market for Food & Beverage, by Product Type, 2021–2030 (USD Million)
Table 54 South East Asia: Edible Insects Market for Feed, by Product Type, 2021–2030 (USD Million)
Table 55 South East Asia: Edible Insects Market, by End Use, 2021–2030 (USD Million)
Table 56 Thailand: Edible Insects Market, by Product, 2021–2030 (USD Million)
Table 57 Thailand: Edible Insects Market, by Product, 2021–2030 (Tonnes)
Table 58 Thailand: Edible Insects Market, by Insect Type, 2021–2030 (USD Million)
Table 59 Thailand: Edible Insects Market, by Application, 2021–2030 (USD Million)
Table 60 Thailand: Edible Insects Market for Food & Beverage, by Product Type, 2021–2030 (USD Million)
Table 61 Thailand: Edible Insects Market for Feed, by Product Type, 2021–2030 (USD Million)
Table 62 Thailand: Edible Insects Market, by End Use, 2021–2030 (USD Million)
Table 63 Vietnam: Edible Insects Market, by Product, 2021–2030 (USD Million)
Table 64 Vietnam: Edible Insects Market, by Product, 2021–2030 (Tonnes)
Table 65 Vietnam: Edible Insects Market, by Insect Type, 2021–2030 (USD Million)
Table 66 Vietnam: Edible Insects Market, by Application, 2021–2030 (USD Million)
Table 67 Vietnam: Edible Insects Market for Food & Beverage, by Product Type, 2021–2030 (USD Million)
Table 68 Vietnam: Edible Insects Market for Feed, by Product Type, 2021–2030 (USD Million)
Table 69 Vietnam: Edible Insects Market, by End Use, 2021–2030 (USD Million)
Table 70 Malaysia: Edible Insects Market, by Product, 2021–2030 (USD Million)
Table 71 Malaysia: Edible Insects Market, by Product, 2021–2030 (Tonnes)
Table 72 Malaysia: Edible Insects Market, by Insect Type, 2021–2030 (USD Million)
Table 73 Malaysia: Edible Insects Market, by Application, 2021–2030 (USD Million)
Table 74 Malaysia: Edible Insects Market for Food & Beverage, by Product Type, 2021–2030 (USD Million)
Table 75 Malaysia: Edible Insects Market for Feed, by Product Type, 2021–2030 (USD Million)
Table 76 Malaysia: Edible Insects Market, by End Use, 2021–2030 (USD Million)
Table 77 Indonesia: Edible Insects Market, by Product, 2021–2030 (USD Million)
Table 78 Indonesia: Edible Insects Market, by Product, 2021–2030 (Tonnes)
Table 79 Indonesia: Edible Insects Market, by Insect Type, 2021–2030 (USD Million)
Table 80 Indonesia: Edible Insects Market, by Application, 2021–2030 (USD Million)
Table 81 Indonesia: Edible Insects Market for Food & Beverage, by Product Type, 2021–2030 (USD Million)
Table 82 Indonesia: Edible Insects Market for Feed, by Product Type, 2021–2030 (USD Million)
Table 83 Indonesia: Edible Insects Market, by End Use, 2021–2030 (USD Million)
Table 84 Singapore: Edible Insects Market, by Product, 2021–2030 (USD Million)
Table 85 Singapore: Edible Insects Market, by Product, 2021–2030 (Tonnes)
Table 86 Singapore: Edible Insects Market, by Insect Type, 2021–2030 (USD Million)
Table 87 Singapore: Edible Insects Market, by Application, 2021–2030 (USD Million)
Table 88 Singapore: Edible Insects Market for Food & Beverage, by Product Type, 2021–2030 (USD Million)
Table 89 Singapore: Edible Insects Market for Feed, by Product Type, 2021–2030 (USD Million)
Table 90 Singapore: Edible Insects Market, by End Use, 2021–2030 (USD Million)
Table 91 Singapore: Edible Insects Market, by Product, 2021–2030 (USD Million)
Table 92 Rest of South East Asia: Edible Insects Market, by Product, 2021–2030 (USD Million)
Table 93 Rest of South East Asia: Edible Insects Market, by Product, 2021–2030 (Tonnes)
Table 94 Rest of South East Asia: Edible Insects Market, by Insect Type, 2021–2030 (USD Million)
Table 95 Rest of South East Asia: Edible Insects Market, by Application, 2021–2030 (USD Million)
Table 96 Rest of South East Asia: Edible Insects Market for Food & Beverage, by Product Type, 2021–2030 (USD Million)
Table 97 Rest of South East Asia: Edible Insects Market for Feed, by Product Type, 2021–2030 (USD Million)
Table 98 Rest of South East Asia: Edible Insects Market, by End Use, 2021–2030 (USD Million)
List of Figures
Figure 1 Market Ecosystem
Figure 2 Research Process
Figure 3 Key Secondary Sources
Figure 4 Primary Research Techniques
Figure 5 Key Executives Interviewed
Figure 6 Breakdown of Primary Interviews (Supply-Side & Demand-Side)
Figure 7 Market Size Estimation
Figure 8 The Crickets Segment to Dominate the South East Asia Edible Insects Market
Figure 9 The Whole Insect Segment to Dominate the South East Asia Edible Insects Market
Figure 10 In 2023, The Food & Beverage Segment to Dominate the South East Asia Edible Insects Market
Figure 11 In 2023, The Human Consumption Segment to Dominate the South East Asia Edible Insects Market
Figure 12 Thailand Dominates the South East Asia Edible Insects Market, While Vietnam Leads in Growth
Figure 13 Factors Affecting Market Growth
Figure 14 Resources Required: Livestock Farming Vs. Insect Farming
Figure 15 South East Asia: Regulatory Approval for Insect Use in Animal Feed
Figure 16 South East Asia Edible Insects Market, by Product, 2023 Vs. 2030 (USD Million)
Figure 17 South East Asia Edible Insects Market, by Product, 2023 Vs. 2030 (Tonnes)
Figure 18 South East Asia Edible Insects Market, by Insect Type, 2023 Vs. 2030 (USD Million)
Figure 19 South East Asia Edible Insects Market, by Application, 2023 Vs. 2030 (USD Million)
Figure 20 South East Asia Edible Insects Market, by End Use, 2023 Vs. 2030 (USD Million)
Figure 21 South East Asia: Edible Insects Market Snapshot (2023)
Figure 22 South East Asia Edible Insects Market, by Country, 2023 Vs. 2030 (USD Million)
Figure 23 South East Asia Edible Insects Market, by Country, 2023 Vs. 2030 (Tonnes)
Figure 24 Key Growth Strategies Adopted by Leading Players, 2020–2023
Figure 25 Competitive Dashboard: South East Asia Edible Insects Market
Figure 26 South East Asia Edible Insects Market: Competitive Benchmarking, by Product Type
This report provides pre & post COVID-19 market estimates.
This report provides pre & post COVID-19 market estimates.
Published Date: Apr-2024
Published Date: Nov-2023
Published Date: Oct-2023
Published Date: Oct-2023
Published Date: Jul-2023
