Insects are generally considered as bug for crops and animals. However the usage of insects for eatable purpose has showcased an upliftment over the past few years due to varied advantages. It has been noticed that the consumption of edible insects has contributed to positive livelihood and health for both animals and human being. Rising consumption of sustainable based diets due to affordability, safety and easy accessibility has intensified the demand for edible insects across the globe.
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The global edible insects market is growing at a significant pace and is anticipated to observe robust growth over the next seven years till 2023. Rising health consciousness as well as avoiding unhealthy consumption of food is expected to strengthen the demand for edible insects and the market growth during the forecast period. Apart from this, rising edible insect’s utilization for animal feed majorly for poultry is likely to impel the demand for edible insects till 2023.
At present, Asia-Pacific region captured the maximum share in revenue of edible insects market and is anticipated to dominate over the forecast period. Rising awareness related to benefits of eating edible insects along with increasing demand by various companies in confectionary and drinks segment is projected to boost the demand for edible insects in Asia Pacific region over the coming few years and will expand the growth of the market during the forecast period. Rising consumption and usage of edible insects in manufacturing of cookies, biscuits, soups, smoothies, desserts and bread is further anticipated to impel the growth of global edible insects market during the forecast period.
The global edible insects market is mainly concentrated in Asia. Major players are adopting different market strategies to enter and enhance their market position and distribution network.
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Global Edible Insects market is segmented on the following bases:
- By Insects Type
Grasshoppers, Bees, Wasps, Ants, Beetles, Others
- By Usage
Protein Bars, Snacks, Flour, Drinks, Others
- By Form
Raw, Steam or Fried, BBQ
- By Geography
North America, Europe, Asia Pacific, Rest of World
Key Players Identified Across the Value Chain in the Edible Insects Market include but are not limited to:
Kreca, Nordic Insect Economy Ltd., Proti-Farm, Deli Bugs Ltd., Enviro Flight LLC., Exo Inc., AgriProtein, Entomo Farms, Fluker Farms, HaoCheng Mealworm Inc. and others.
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This report offers:
- An overview of the global Edible Insects market
- Market trends assessment for the period 2016-2023, with historical information for 2013 & 2014, and projections through 2023, with respective CAGRs during 2016-2023 and 2015 as the base year
- Qualitative assessment tools such as market drivers, challenges and future prospects, and competitive analysis: market positioning of key market players
- Focus on each level of market segmentation based on product approvals, launch, and current and anticipated market dynamics
- A general overview of the industry structure
- Company profiles highlighting key information about the major players operating in the global Edible Insects market
- This report includes estimation of market sizes for value. Both, top-down and bottom-up approaches have been used to estimate and validate the size of the Edible Insects market
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