Global Edible Insects Market showed crucial growth in the recent years and is anticipated to witness a steep rise by generating an estimated revenue of US$ xx.xx over the forecast period. According to latest study conducted by our analysts and industry experts, the global market is expected to grow at a CAGR of 43.5% during the forecast period, i.e. 2017-2025. Edible insects are those insects that are taken into account for the purpose of animal as well as human feed. The demand for edible insects are increasing as they are rich in Calcium, Phosphorous, Protein, Magnesium, Iron and Zinc, which makes them ideal to be used in manufacturing nutritive food items.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global edible insects market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global edible insects market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.

Market Dynamics:

The Global Edible Insects Market is anticipated to grow significantly over the forecast period, owing to increase in population especially in developing countries, which has generated the demand for affordable protein-rich food. According to the United Nations Department of Economic and Social Affairs, the world population is expected to reach 8.5 billion by 2030. High cost of animal and plant based protein is aiding the growth of global edible insects market, as they are cost effective. Furthermore, less complexity associated in the manufacturing of food products made up of edible insects protein, coupled with increased governmental support to edible insect-based food production are escalating the growth of edible insects market. According to Food and Agriculture Organization of the United Nations, insects are capable of converting food at a faster rate, for instance, crickets require four times less feed than sheep and six times less feed than cattle for the production of similar amount of protein. However, lack of awareness towards the benefits of consumption of edible insects, allergies among some individuals and psychological barriers related to insect consumption can hinder the growth of the global edible insects market.

By Insects Type Insights: Beetles are anticipated to be the most widely used edible insects over the forecast period, owing to the availability of a number of beetle species such as ground beetles, Rove beetles, water beetles and others, coupled with health benefits associated with consumption of beetles. Crucial role played by beetles in biodegradation and their ability to convert tree cellulose into digestible fat are fueling the growth of edible beetles based food products. The demand for mopane caterpillars are anticipated to rise over the forecast period owing to the high iron content present in them along with their higher economical value. According to the World Health Organization (WHO), nearly one-third of the world population is affected by iron deficiency anemia, which creates a huge demand for iron-rich diet.

By Application Insights: On the basis of application, animal feed is expected to hold the largest market share due to their higher adaptation for animal feeding. Escalation in prices of soybean meal and fishmeal is driving the demand for cost-effective and sustainable feed solutions for animals, which is creating great scope for the growth of edible insects market in animal feeding. Lower capital investment and less water required for the production of edible insect based animal feed will boost the growth of edible insects market over the forecast period. Rising demand for cost-effective protein-rich snacks, especially in poor countries such as Pakistan, Bangladesh, Zambia and others are anticipated to encourage the edible insect food products manufacturers to manufacture snacks made up of insect protein, which will further aid the growth of edible insects market.

Regional Analysis

The global edible insects market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. North America is expected to hold the major revenue share in the global edible insects market over the forecast period, due to rising demand for sustainable feed in the region as well as higher adaptation of edible insects by the population of US and Canada. Rising concern over production and consumption of meat for fulfillment of protein requirement is driving the growth of edible insects market. Furthermore, presence of prominent players such as EnviroFlight and Aspire Food Group are contributing to the growth of edible insects market in the region. Asia Pacific region is projected to be the fastest growing region for the edible insects market, as the population in Asian countries such as China and India is increasing at a faster pace, which in turn is generating the demand for cost-effective nutritive food to feed the population. Availability of some insects such as beetles and crickets in abundance and their use in the production of food items such as smoothies and breads are driving the growth for edible insects market in the region. Asia Pacific held the largest share of the global market in 2018 and will expand at the highest CAGR during the forecast years.

Global Edible Insects Market Size, Share Analysis By Region 2017

Global Edible Insects Market Study Objective

1. To forecast the market size of edible insects market, along with describing and defining the market, in terms of volume and revenue.

2. Market analysis and forecast of edible insects market on the basis of region, substrate and application or end-use industry.

3. To analyze and elaborate significant factors that will have major impact on the growth of edible insects market, such as drivers, restraints, challenges and opportunities.

4. Regional analysis of edible insects market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa and Asia Pacific.

5. Strategic analysis of micromarkets, in terms of individual prospects, opportunities, growth trends and their involvement in overall market.

6. To provide detailed analysis of competitive and strategic developments in the edible insects market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

Key Players Landscape

Key market players operating in Edible insects market include Haocheng Mealworm Inc., Reese Finer Foods Inc., AgriProtein Technologies, EnviroFlight LLC., Kreca V.O.F LLC., Ynsect, Exo Inc., Thailand Unique, Entomo Farms Ltd., Bitty Foods LLC, and Aspire Food Group. Prominent market players are focusing on merger & acquisition activities to strengthen their product portfolio and maintain their prominence in the market. For instance, in March 2018, Aspire Food Group, USA based company that specializes in edible insect farming technology acquired Exo Inc., manufacturer of protein bars made up of cricket. This merger aimed at combining Aspire’s farming operations with Exo’s product line to develop new products.

Global Edible Insects Market Study Report Offer You!

The global market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.