Insects
are often considered as pests bothering crops and animals. However,
they are also a source of food at a low cost. Insects are consumed
not only during times of famine and scarcity of food, but also in
circumstances when harvesting of conventional food is difficult.
Edible insect as food and feed has emerged as an agile solution to
combat rising cost of animal protein, growing population, and the
rising demand for protein among the middle class, states Transparency
Market Research in a recent market study.
Given
below are answers by TMR analysts to three pertinent questions by
companies operating in the edible
insects market:
Q.
Will the negative perception regarding insect consumption hamper the
market?
Yes,
to a certain extent, the negative perception about eating insects
will hamper the market. The benefits of insect consumption as an
alternative animal protein source are often underplayed by negative
news reports, a factor that challenges the potential of insects
becoming a part of popular food culture.
On
the other hand, the fact that insects emit far fewer greenhouse gases
and consume much lesser water as compared to livestock, thus leaving
a negligible carbon footprint is expected to increase the ecological
appeal of eating insects. Growing grains for animal feed is an
activity that consumes huge amounts of water, whereas insects thrive
on basically anything, even organic waste. Insects can be reared on
organic side streams such as manure or pig slurry.
Such
ecological advantages of consuming insects are being propagated even
by the United Nations, which is expected to eventually help overcome
the negativity among consumers regarding insect consumption. This is
expected to drive the edible insects market.
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Q.
What are the other drivers of the edible insects market?
The
edible insects market is driven by a rising awareness among people
regarding the health benefits of consuming insects. The palatability
of insects is boosting the global edible insects market. The presence
of edible
insects in local food culture is another factor driving the market.
Moreover, since insects are a rich source of protein, they are
increasingly being opted for as a low-cost substitute for animal
proteins.
Insects
are increasingly being perceived and promoted as an
environment-friendly alternative to meat. Arable land is becoming
scarce and already being pushed to its limits. As such, it will
become essential to find an alternative for protein sources that we
currently derive from animals. Edible insects are expected to fulfil
the requirement for an alternative protein source. For instance,
ground cricket flour is being used as a protein source in North
America. Such products on retail shelves are expected to increase the
adoption of and fuel the market for edible insects.
Re-defining
the appetite of the world’s population for meat in order to tackle
and combat climate change and environmental issues is expected to
boost the market in the future years.
Q.
Which region is expected to lead in the global edible insects
market?
Asia
Pacific is expected to have the largest market for edible insects.
The region has shown exceptional growth in the edible insects market.
Countries such as China, Malaysia, Sri Lanka, Bangladesh, and India
are expected to contribute to the growth of the market in the Asia
Pacific region. The growth of the edible insects market in Africa and
the Rest of the World is also expected in the coming six years.
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