Meticulous Research® Publishes Comprehensive Report on the Global Mealworms Market

 

Mealworms Market by Product Type (Whole Mealworm, Mealworm Powder, Mealworm Meal), Application (Animal Feed, Aquafeed, Pet Food, Food & Beverages), End Use (Animal Nutrition, Human Consumption)—Global Forecast to 2030

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Meticulous Research®, a leading global market research firm, has released a new report on the burgeoning mealworms market, forecasting a robust CAGR of 25.8% from 2022 to 2030. The market is projected to reach a valuation of $1.27 billion by 2030, driven by several key factors including environmental benefits, high nutritional value, and the reduced risk of zoonotic diseases associated with mealworm consumption.

Market Dynamics: The report highlights that the growing concern over greenhouse gas emissions from traditional livestock and poultry industries is fueling interest in alternative protein sources such as mealworms. Mealworms offer high nutritional value and pose lower zoonotic disease risks compared to animal-derived products. Despite these advantages, the market growth is tempered by potential allergic reactions in some consumers.

Segment Analysis:

·         Product Type: The market is categorized into whole mealworms, mealworm meal, mealworm powder, and other products. In 2022, the whole mealworm segment is anticipated to dominate the market share and is expected to maintain the highest growth rate throughout the forecast period. This growth is attributed to the segment's cost-effectiveness and ease of availability, which make whole mealworms a preferred choice for food and feed manufacturers.

·         Application: The applications of mealworms span animal feed, aquafeed, pet food, food & beverages, and other uses. The food & beverages segment is poised to exhibit the highest CAGR from 2022 to 2030. This surge is driven by increasing nutritional awareness, the rising popularity of protein supplements, and the integration of mealworms into bakery and snack products.

Geographical Insights: The report offers a detailed analysis across major regions, including North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

  • North America: Expected to register the highest CAGR over the forecast period, North America's market growth is propelled by a rising demand for sustainable, protein-rich foods, growing acceptance of insects as a food source, and changing consumer attitudes.

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Key Market Players: Prominent companies driving the mealworms market include:

  • Protix B.V. (Netherlands)
  • Ÿnsect SAS (France)
  • BETA HATCH (U.S.)
  • Armstrong Crickets Georgia (U.S.)
  • TEBRIO (Spain)
  • Tebrito AB (Sweden)
  • Entec Nutrition (U.K.)
  • Invertapro AS (Norway)
  • Keil Co., Ltd (South Korea)
  • EntoBreed Farming BV (Netherlands)
  • Goterra (Australia)

These key players are leveraging technological advancements and strategic partnerships to strengthen their market positions and meet the growing global demand.

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About Meticulous Research®

Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.

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