Global Mealworms Market

Mealworms Market Size, Share, Growth Analysis, By Product type(Whole Mealworm, Mealworm Meal, Mealworm Powder, Other Mealworm Products), By Application(Animal Feed, Aquafeed, Pet Food, Food & Beverages), By Region - Industry Forecast 2025-2032


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

Mealworms Market Insights

Mealworms Market size was valued at USD 0.16 Billion in 2023 and is poised to grow from USD 0.2 Billion in 2024 to USD 1.6 Billion by 2032, growing at a CAGR of 25.8% during the forecast period (2025-2032).

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.

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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.

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

Report ID: SQMIG30H2079

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