Insects are generally considered pests for crops and animals. However, the usage of insects for eatable purposes has seen an uplift 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 humans. Rising consumption of sustainable diets due to their affordability, safety, and easy accessibility has intensified the demand for edible insects across the globe.
The global edible insect market is growing at a significant pace and is anticipated to observe robust growth over the next seven years until 2023. Rising health consciousness, as well as the avoidance of unhealthy food consumption, are expected to strengthen the demand for edible insects and the market's growth during the forecast period. Apart from this, rising edible insect utilization for animal feed, primarily poultry, is likely to propel the demand for edible insects until 2023.
At present, the Asia-Pacific region captured the maximum share in revenue from the edible insect market and is anticipated to dominate over the forecast period. Rising awareness related to the benefits of eating edible insects, along with increasing demand by various companies in the confectionary and drinks segments, is projected to boost the demand for edible insects in the 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 the manufacturing of cookies, biscuits, soups, smoothies, desserts, and bread is further anticipated to impel the growth of the global edible insect market during the forecast period.
The global edible insect market is mainly concentrated in Asia. Major players are adopting different market strategies to enter and enhance their market position and distribution network.
The global edible insects market is segmented on the following bases:
By Insect 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
U.S.
Canada
Europe
U.K.
France
Germany
Italy
Russia
Rest of Europe
Asia Pacific
Japan
China
India
Australasia
Rest of APAC
Rest of the World
Latin America
Brazil
rest of Latin America
Middle East and Africa
Africa
Key players identified across the value chain in the edible insect market include but are not limited to:
Market trends assessment for the period 2016-2023, with historical information for 2013 and 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, launches, 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 an 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 insect market.
Frequently Asked Question:
The market for Edible Insects Market is expected to reach USD$ XX in 2023.
The Edible Insects Market is expected to see significant CAGR growth over the coming years, at XX%.
The report is forecasted from 2016 -2023.
The base year of this report is 2015.
Kreta, Nordic Insect Economy Ltd., Proti-Farm, Deli Bugs Ltd., Enviro Flight LLC, Exo Inc., AgriProtein, Entomo Farms, Fluker Farms, Hao Cheng Mealworm Inc. ,are some of the major players in the global market.
