Bharat Book Bureau Provides the Trending Market Research Report on Global Edible Insects Market Opportunity Analysis And Industry Forecast 2018-2023 under Food & Beverages category. The report provides information on industry overview, market size, latest developments, industry trends, Key players, global presence, and their future prospects.
Edible Insects Market by Type (Edible Crickets, Mealworms, Black Soldier Fly, Grasshopper), Product (Whole Insects, Insect Flour, Cricket Protein Bars, Insect Snacks, Insect In Chocolate) – Global Opportunity Analysis and Industry Forecast (2018-2023)” provides in-depth analysis of edible insects market in five major regions and emphasizes on the current market trends, market size, market share, recent developments, and forecast till 2023. Edible insects market is expected to reach USD 1,181.6 million by 2023, supported by a CAGR of 23.8% during the forecast period of 2018 to 2023.
Growing population and decreasing food resources, increasing demand for protein rich food, high cost of animal protein, environmental sustainability with production and consumption of edible insects, high nutritional value of insects, and low risk of transmitting zoonotic diseases are driving the growth of global edible insects market. However, non-standardized regulatory framework across the globe, lack of awareness, psychological and ethical barriers, and allergies due to insect’s consumption are the major factors restraining growth of this market to some extent.
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The global edible insects market is mainly segmented by insect type (crickets, mealworms, black soldier flies, buffalos, grasshoppers, ants, silkworms, cicadas, and others), product type (whole insects, insect meal, insect powder, insect protein bars and protein shakes, insect baked product and snacks, insect confectionaries, insect beverages, insect oil, and others), application (human consumption, animal nutrition, and cosmetics and pharmaceutical), and geography.
The whole insects commanded the largest share in 2017, owing to their easy availability, less cost as compared to processed insects, and unavailability of the processing techniques in some regions.
Geographically, the global edible insects market is segmented into five major regions, namely North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. North American region is expected to witness a significant growth in global edible insects market during the forecast period, primarily due to growing demand for environmental friendly high protein diets, aversion to highly processed foods, and growing concern about meat production.
The key players operating in the global edible insects market are KrecaEnto-Food BV, Thailand Unique, Entomo Farms, Haocheng Mealworm Inc., Agriprotein, JIMINI’S (ENTOMA LTD), EnormApS, Chapul Inc., Ynsect, Eat Grub Ltd., Bitty Foods, LLC, EAP GROUP – MICRONUTRIS, Edible Inc., Bugs Solutely, Crik Nutrition, Enviro Flight, LLC, Exo Inc., Entotech SAS, Deli Bugs Ltd., Hargol Food Tech, Aspire Food Group, and All Things Bugs, LLC.
Scope of the Report
Market by Insect Type
- Black Soldier Flies
Market by Product Type
- Whole Insects
- Insect Meal
- Insect Powder
- Insect Protein Bars and Protein Shakes
- Insect Baked Products and Snacks
- Insect Confectionaries
- Insect Beverages
- Insect Oil
Market by Application
- Human Consumption
- Animal Nutrition
- Cosmetics and Pharmaceutical
Market by Geography:
• North America
- The Netherlands
- Rest of Europe
- Rest of Asia-Pacific
• Rest of World
- Latin America
- Middle East & Africa
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