High Nutritious Content, Environmental Benefits Conferred by Edible Insects to Promote Greater Demand

Edible insects, although initially considered famine food, are now being included in regular diet by several people. The food culture of several countries – such as Malaysia, China, and Bangladesh – embraces both cooked and uncooked edible insects as a crucial part of their traditional recipes. Since edible insects are rich in essential minerals and amino acids, they are not just food for humans but also a key ingredient in animal feed.

Edible insects include cockroaches, bees, crickets, ants, termites, flies, wasps, beetles, scale insects, butterflies, moths, larvae, caterpillars, and grasshoppers. These insects are not only packed with protein, but also with vital minerals, good fats, and fiber. For example, mealworms contain as much of minerals, vitamins, and protein as that found in meat and fish.

Q. What are the key drivers in the global market for edible insects?

The growing preference for protein-rich food has been a key growth driver of the global edible insects market. The rising population worldwide and greater costs of animal protein are accelerating the adoption of food insects in diets. Also, the belief that entomophagy, or the consumption of insects, has a positive effect on human health is aiding the growth of the market. Moreover, recent studies suggest that eating insects is not only good for health but has a favorable impact on the planet as well. According to experts, farming insects can emit ten times lesser greenhouse gases when compared to farming livestock.

Q. Which are the major regional consumers of edible insects?

The global market for edible insects has been geographically segmented into Asia Pacific, North America, Europe, and the Rest of the World (RoW). Asia Pacific exhibits significant demand for edible insects and the edible insects market in this region is expanding at a considerable pace. Thailand, India, China, Sri Lanka, and Malaysia are likely to emerge as the key consumers of edible insects. In Thailand, for instance, it is common to find fried bugs served with beer. Several African countries are also expected to exhibit solid growth, driven by the nutritional value and easy availability of edible insects.

Fill the form for an exclusive sample of this report @ http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=10892

Q. Which are the factors restraining the growth of the global edible insects market?

Lack of distribution and networking channels can restrict the growth of the market. Since a legal framework addressing the consumption of edible insects is absent, the market will display limited growth over the next few years. Moreover, negative perceptions about the consumption of insects and disgust associated with the idea of eating insects are the major challenges faced by the global market for edible insects. The growing shift from non-vegetarian, animal-based foodstuffs and ingredients to plant-based, vegetarian and vegan diets can also inhibit the growth of the market.

Global Edible Insects Market: Growing Demand for High Protein Food Products to Encourage Growth, finds TMR

A new market research report by Transparency Market Research (TMR), titled “Edible Insects Market - Global Industry Size, Market Share, Trends, Analysis, and Forecast 2016–2024,” offers a detailed analysis of the market. The historical data and expected statistics of the global edible insects market have been mentioned in the research study to guide new and existing players in making strategic decisions. The geographical segmentation, product segmentation, lucrative opportunities, and limitations of the global market have been discussed in the research report.

Interpret a Competitive outlook Analysis Report with PDF Brochure:http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=10892

The rising demand for food products with high protein content among middle class consumers is the key factor encouraging the growth of the global edible insects market. In addition, the tremendously rising population worldwide is expected to contribute extensively towards the development of the market. The consumption of insects is considered to have a positive effect on the health and livelihood of consumers in many parts of the world. The rising awareness of this benefit is likely to drive the demand for edible insects in the next few years.

Some of the edible insects considered to be a rich source of nutrition are crickets, wasps, cockroaches, bees, flies, grasshoppers, beetles, termites, scale insects, and ants. On the basis of application, the global edible insects market has been classified into human food, animal feed (poultry and aquaculture), and others. The projected growth rate and size of each segment have been mentioned in the scope of the research report.

The global edible insects market has been classified on the basis of geography into North America, Asia Pacific, Europe, and Rest of the World. Among these, Asia Pacific is expected to emerge as the leading region, thanks to the rising demand for edible insects. In this region, India, China, Sri Lanka, Bangladesh, and Malaysia are considered as the key countries contributing towards the growth of the edible insects market in Asia Pacific. On the other hand, the rising demand for edible insects owing to its nutritional value is expected to augment the market in Africa throughout the forecast period.

Kreca V.O.F., LLC, HaoCheng Mealworm Inc., EnviroFlight, AgriProtein Technologies, and Reese Finer Foods Inc. are some of the prominent players operating in the edible insects market across the globe. In order to increase their market penetration, these players are emphasizing on innovative packaging and large-scale publicity of their products. The product portfolio, financial overview, business strategies, recent developments, and SWOT analysis of the leading players have been discussed in the research report to give a clear understanding of the market.

Global Edible Insects Market Thrives on Rising Awareness, Negative Public Perception Remains Prime Concern

Transparency Market Research (TMR) announces a new report in its extensive food and beverage industry intelligence catalog. The report examines the global edible insects market and presents eight-year forecasts for the market’s development till 2024. The report is titled ‘Edible Insects Market - Global Industry Size, Market Share, Trends, Analysis, and Forecast 2016 – 2024.’

Entomophagy, or the consumption of insects for food, is an expanding field and is gaining importance due to the rising awareness about its various benefits. Insects have traditionally been considered as pests in most human societies, and the global spread of the idea of consuming insects as even a novelty food item, let alone as a staple, is relatively recent. While insects have sometimes been consumes as famine or emergency food, the rising global population means that insects may need to become the food of the future.

The increasing monetary and environmental costs of raising conventional meat-producing animals such as cattle, swine, and chicken are the major driver for the global edible insects market. Edible insects such as locusts have a much higher protein percentage in their bodies than any conventionally consumed animals. This leads to much more efficient use of animal feed into meat; for instance, one kilogram of feed produces 12 times more protein from edible insects than from cattle.

Cattle and other conventional dietary favorites also cause much more environmental damage than edible insects due not only to their higher consumption of feed but also higher excretion of greenhouse gases throughout the production chain. The difference between the water consumption of edible insects and conventional livestock is also conspicuous, while many species of edible insects have evolved to be drought-resistant, which means their water consumption is negligible in global terms.

Interpret a Competitive outlook Analysis Report with free PDF Brochure:http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=10892

Further research in the field of edible insects could also lead to the generation of genetically modified species of insects that require even less water than usual. Many edible insects can also be raised on little more than the waste products generated by other livestock, which is a major driver for the global edible insects market. Edible insects can also be healthier than traditional meats, as they contain little fat and high levels of micronutrients and vital minerals such as iron and zinc.

On the other hand, the palatability of insects has been the key issue for the global edible insects market, with consumers choosing to opt for the tastier and better established conventional protein sources instead. However, the presence of entomophagy in several local cultures is helping raise awareness about the palatability of edible insects, which could be a key factor in the global edible insects market’s growth in the coming years.

Regionally, Asia Pacific countries such as India, Sri Lanka, Bangladesh, China, and Malaysia have contributed immensely to the global edible insects market in recent years. Southeast Asian and African countries are expected to remain the major regional players in the global edible insects market in the coming years due to the presence of several insectivorous peoples in these regions.

In terms of the global edible insects market’s competitive dynamics, the report profiles key players such as EnviroFlight LLC, AgriProtein Technologies, HaoCheng Mealworm Inc., Reese Finer Foods Inc.

Ecological Appeal of Edible Insects to Boost Market Worldwide

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.

Download Free exclusive Sample of this report:http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=10892

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. 

Edible Insects Market - Global Industry Size, Forecast 2016 – 2024

Insect are often considered as pest for animals and crops. However they are fundamental part of nature and are a source of food at low cost. Insects are not merely famine food eaten at times of scarcity or situation when harvesting of conventional food becomes difficult. Edible insect as food and feed has emerged as agile issue due to rising cost of animal protein, food and feed insecurity, growing population and rising demand for protein among the middle class. The consumption of insects or entomophagy contributes to positive health and livelihood.

The edible insect market can be segmented by type as- Mealworm, Grasshoppers, Locusts, Caterpillar, Termites, Beetles and Others. Moreover it can also be segmented by application type such as- Human food, Animal feed (Poultry and Aquaculture) and Others. Geographically the market can be segmented as- North America, APAC, Europe and Rest of the World (RoW) regions.

Palatability of insect and presence of edible insects in local food culture are the driving forces which are shaping the global edible insects market. Moreover insects are rich source of protein and are low cost substitute for animal proteins. Lack of legal framework governing the insect consumption and deficit of networking and distribution channel among producers are the restraining factors hindering the growth of edible insects market. Moreover consumer awareness and negative perception about insect consumption is another growth barrier.

Asia- Pacific region has shown growth in edible insects sector. Countries such as China, Bangladesh, India, Malaysia and Sri Lanka contribute to this growth along with Africa (Rest of the World (RoW)). The global edible insect market is expected to grow over next six years with a significant growth rate.

Some of the key player of the edible insects market are- EnviroFlight, LLC, Kreca V.O.F., AgriProtein Technologies, Reese Finer Foods Inc, HaoCheng Mealworm Inc.

Enquiry before Buying@ http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=10892

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.