Edible Insects Market Trends and Segments 2016 - 2024

Edible insects have gone through a huge transition from being famine food to a food included in the daily diet. At present, insects are not just consumed during scarcity of conventional food products but are also part of the food culture of many countries. Edible insects are not only used as human food but also as animal feed due to the presence of amino acids and essential minerals in them.

Edible insects such as ants, wasps, bees, flies, scale insects, termites, cockroaches, crickets, beetles, and grasshoppers are rich sources of nutrition for poultry. By type, the global edible insects market is segmented into beetles, termites, caterpillar, locusts, grasshoppers, mealworm, and others. Based on application the market is classified into animal feed (aquaculture and poultry), human food, and others.

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The research report provides an in-depth analysis of the growth trajectory of the global edible insects market and the opportunities that are likely to benefit the vendors of edible insects in future. It evaluates the key segments and highlights their share in the global edible insects market. The report further delves into the competitive landscape of the market and provides information about the degree of barriers to entry and exit in the market by utilizing the Porter’s five forces analysis. The study also presents projections on the volume and revenue growth of the global edible insects market. The dynamics that are likely to restrain or drive the growth of the market are also mentioned in the report.

The growth of the global edible insects market can be attributed to the increasing demand for food products with high protein value among middle class consumers and the rising population across the world. Feed and food insecurity and the high cost of animal protein are factors that have lifted the consumption of edible insects as feed and food. Entomophagy or consumption of insects is considered to have a positive impact on the livelihood and health of consumers.

The global edible insects market is anticipated to be steered by the growing practice of consuming edible in various local food cultures across the globe. In many developing countries, insects are an important source of food supplement for malnourished children as they can be easily digested. In Europe, the demand for edible insects is considerably high owing to the minimal risk of disease transfer as compared to animals and the presence of micronutrients and nutrients such as fatty acids, zinc, selenium, phosphorus, manganese, magnesium, iron, and copper.

However, the dearth of distribution and networking channels and absence of a legal framework regarding the consumption of edible insects are factors that are likely to inhibit the growth of the global edible insect market. Furthermore, negative perceptions about insect consumption among consumers and lack of awareness are also likely to impede the growth of the market over the forthcoming years.

The global edible insect market is segmented into Europe, Asia Pacific, North America, and the Rest of the World. Asia Pacific emerged as the leading region in terms of consumption of edible insects. Countries such as Sri Lanka, Malaysia, India, Bangladesh, and China are the major consumers of edible insects in the region. The edible insect market in Africa is also expected to witness strong growth owing to the demand for edible insects for nutritional value.

Leading companies operating in the global edible insect market are focusing on large scale publicity of their products and innovative packaging for increasing their consumer base. Some of the companies mentioned in the report are HaoCheng Mealworm Inc., Reese Finer Foods Inc., AgriProtein Technologies, Kreca V.O.F., LLC, and EnviroFlight.

Edible Insects Market Growth with Worldwide Industry Analysis to 2024

Protein is not only a must for those who build muscles but is also essential for a human body conducting daily life, as it is a vital component of every cell in the body and is used to build and repair tissues. And certain insects make for a delicious protein-rich diet. As the awareness regarding the edible insects expands, the demand in the market for the same is projected to expand at a formidable CAGR during the forecast period of 2016 to 2024, according to a recent business intelligence study by Transparency Market Research (TMR).

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For this research report, titled “Edible Insects Market - Global Industry Size, Market Share, Trends, Analysis, and Forecast 2016 – 2024,” extensive study was conducted by the analyst who utilized industry standard methodologies, which included primary and secondary assessments, compilation of data from reliable sources, and interviews with industry experts. The report has been developed to aid as a business tool for a pool of clientele including growers of edible insects, importers, exporters, and suppliers of edible insects, government, research organizations, and universities, and other industry bodies.

The report includes chapters that segments the market for edible insects into smaller aspects and throws light on the magnitude of demand that can be expected out of different regions and countries. Figurative data for each of the segments and regions has been provided in terms of US dollar million. The report also analyzes different factors such as drivers, restraints, and challenges that will determine the future of the edible insects market as well as identifies some of the trends that are emerging.

Expanding awareness level among the urban populations regarding the nutritious values of insects in terms of human consumption, availability of raw materials and transportation methods, and mushrooming of organizations who farm these specific insects are some of the key factors driving the demand in the global edible insects market. On the other hand, strong lack of knowledge outside the geographical boundaries, limitation in technology, and lack of a clear regulatory are some of the obstructing hindering the prosperity of this market.

Based on product type, the market for edible insects can be segmented into grasshopers, locusts, and crickets, caterpillars, beetles, bees, wasps, and ants, sacle insects and true bugs, and others. As of now, beetle edible bugs account for the majority of the demand share, primarily gaining traction from customer’s shift off protein from other sources such as beef and chicken. In addition to protein, edible insects also contain essential amino acids, and product innovation by the players is promising great for the future of this market. Application-wise, the market can be bifurcated into snacks, bars, flours, and others.

Geographically, China and Thailand currently dominate the demand in terms of countries, making Asia Pacific the key region for the stockholders connected to the value chain of the edible insects market. In Thailand alone, more than 200 different bugs are consumed! The European edible insects market is driven by the countries of the U.K., France, and Netherlands.

Kreca, EnviroFlight, HaoCheng Mealworm Inc., and AgriProtein are some of the notable players in the global edible insects market.

Edible Insects Market To Increase at Steady Growth Rate

Protein is not only a must for those who build muscles but is also essential for a human body conducting daily life, as it is a vital component of every cell in the body and is used to build and repair tissues. And certain insects make for a delicious protein-rich diet. As the awareness regarding the edible insects expands, the demand in the market for the same is projected to expand at a formidable CAGR during the forecast period of 2016 to 2024, according to a recent business intelligence study by Transparency Market Research (TMR).

Download PDF Brochure @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=10892

For this research report, titled “Edible Insects Market - Global Industry Size, Market Share, Trends, Analysis, and Forecast 2016 – 2024,” extensive study was conducted by the analyst who utilized industry standard methodologies, which included primary and secondary assessments, compilation of data from reliable sources, and interviews with industry experts. The report has been developed to aid as a business tool for a pool of clientele including growers of edible insects, importers, exporters, and suppliers of edible insects, government, research organizations, and universities, and other industry bodies.

The report includes chapters that segments the market for edible insects into smaller aspects and throws light on the magnitude of demand that can be expected out of different regions and countries. Figurative data for each of the segments and regions has been provided in terms of US dollar million. The report also analyzes different factors such as drivers, restraints, and challenges that will determine the future of the edible insects market as well as identifies some of the trends that are emerging.

Expanding awareness level among the urban populations regarding the nutritious values of insects in terms of human consumption, availability of raw materials and transportation methods, and mushrooming of organizations who farm these specific insects are some of the key factors driving the demand in the global edible insects market. On the other hand, strong lack of knowledge outside the geographical boundaries, limitation in technology, and lack of a clear regulatory are some of the obstructing hindering the prosperity of this market.

Based on product type, the market for edible insects can be segmented into grasshopers, locusts, and crickets, caterpillars, beetles, bees, wasps, and ants, sacle insects and true bugs, and others. As of now, beetle edible bugs account for the majority of the demand share, primarily gaining traction from customer’s shift off protein from other sources such as beef and chicken. In addition to protein, edible insects also contain essential amino acids, and product innovation by the players is promising great for the future of this market. Application-wise, the market can be bifurcated into snacks, bars, flours, and others.

Geographically, China and Thailand currently dominate the demand in terms of countries, making Asia Pacific the key region for the stockholders connected to the value chain of the edible insects market. In Thailand alone, more than 200 different bugs are consumed! The European edible insects market is driven by the countries of the U.K., France, and Netherlands.

Kreca, EnviroFlight, HaoCheng Mealworm Inc., and AgriProtein are some of the notable players in the global edible insects market.

Increased Protein Emphasis in Daily Diet Driving Edible Insects Market

Protein is not only a must for those who build muscles but is also essential for a human body conducting daily life, as it is a vital component of every cell in the body and is used to build and repair tissues. And certain insects make for a delicious protein-rich diet. As the awareness regarding the edible insects expands, the demand in the market for the same is projected to expand at a formidable CAGR during the forecast period of 2016 to 2024, according to a recent business intelligence study by Transparency Market Research (TMR).

Download PDF Brochure @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=10892

For this research report, titled “Edible Insects Market - Global Industry Size, Market Share, Trends, Analysis, and Forecast 2016 – 2024,” extensive study was conducted by the analyst who utilized industry standard methodologies, which included primary and secondary assessments, compilation of data from reliable sources, and interviews with industry experts. The report has been developed to aid as a business tool for a pool of clientele including growers of edible insects, importers, exporters, and suppliers of edible insects, government, research organizations, and universities, and other industry bodies.

The report includes chapters that segments the market for edible insects into smaller aspects and throws light on the magnitude of demand that can be expected out of different regions and countries. Figurative data for each of the segments and regions has been provided in terms of US dollar million. The report also analyzes different factors such as drivers, restraints, and challenges that will determine the future of the edible insects market as well as identifies some of the trends that are emerging.

Expanding awareness level among the urban populations regarding the nutritious values of insects in terms of human consumption, availability of raw materials and transportation methods, and mushrooming of organizations who farm these specific insects are some of the key factors driving the demand in the global edible insects market. On the other hand, strong lack of knowledge outside the geographical boundaries, limitation in technology, and lack of a clear regulatory are some of the obstructing hindering the prosperity of this market.

Based on product type, the market for edible insects can be segmented into grasshopers, locusts, and crickets, caterpillars, beetles, bees, wasps, and ants, sacle insects and true bugs, and others. As of now, beetle edible bugs account for the majority of the demand share, primarily gaining traction from customer’s shift off protein from other sources such as beef and chicken. In addition to protein, edible insects also contain essential amino acids, and product innovation by the players is promising great for the future of this market. Application-wise, the market can be bifurcated into snacks, bars, flours, and others.

Geographically, China and Thailand currently dominate the demand in terms of countries, making Asia Pacific the key region for the stockholders connected to the value chain of the edible insects market. In Thailand alone, more than 200 different bugs are consumed! The European edible insects market is driven by the countries of the U.K., France, and Netherlands.

Kreca, EnviroFlight, HaoCheng Mealworm Inc., and AgriProtein are some of the notable players in the global edible insects market.

Edible Insects Market Expected to Expand at a Steady CAGR through 2024

Global Edible Insects Market: Overview

Edible insects have gone through a huge transition from being famine food to a food included in the daily diet. At present, insects are not just consumed during scarcity of conventional food products but are also part of the food culture of many countries. Edible insects are not only used as human food but also as animal feed due to the presence of amino acids and essential minerals in them.

Download PDF Brochure @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=10892

Edible insects such as ants, wasps, bees, flies, scale insects, termites, cockroaches, crickets, beetles, and grasshoppers are rich sources of nutrition for poultry. By type, the global edible insects market is segmented into beetles, termites, caterpillar, locusts, grasshoppers, mealworm, and others. Based on application the market is classified into animal feed (aquaculture and poultry), human food, and others.

The research report provides an in-depth analysis of the growth trajectory of the global edible insects market and the opportunities that are likely to benefit the vendors of edible insects in future. It evaluates the key segments and highlights their share in the global edible insects market. The report further delves into the competitive landscape of the market and provides information about the degree of barriers to entry and exit in the market by utilizing the Porter’s five forces analysis. The study also presents projections on the volume and revenue growth of the global edible insects market. The dynamics that are likely to restrain or drive the growth of the market are also mentioned in the report.

Global Edible Insects Market: Trends and Opportunities

The growth of the global edible insects market can be attributed to the increasing demand for food products with high protein value among middle class consumers and the rising population across the world. Feed and food insecurity and the high cost of animal protein are factors that have lifted the consumption of edible insects as feed and food. Entomophagy or consumption of insects is considered to have a positive impact on the livelihood and health of consumers.

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The global edible insects market is anticipated to be steered by the growing practice of consuming edible in various local food cultures across the globe. In many developing countries, insects are an important source of food supplement for malnourished children as they can be easily digested. In Europe, the demand for edible insects is considerably high owing to the minimal risk of disease transfer as compared to animals and the presence of micronutrients and nutrients such as fatty acids, zinc, selenium, phosphorus, manganese, magnesium, iron, and copper.

However, the dearth of distribution and networking channels and absence of a legal framework regarding the consumption of edible insects are factors that are likely to inhibit the growth of the global edible insect market. Furthermore, negative perceptions about insect consumption among consumers and lack of awareness are also likely to impede the growth of the market over the forthcoming years.

Global Edible Insect Market: Regional Outlook

The global edible insect market is segmented into Europe, Asia Pacific, North America, and the Rest of the World. Asia Pacific emerged as the leading region in terms of consumption of edible insects. Countries such as Sri Lanka, Malaysia, India, Bangladesh, and China are the major consumers of edible insects in the region. The edible insect market in Africa is also expected to witness strong growth owing to the demand for edible insects for nutritional value.

Companies Mentioned in the Report

Leading companies operating in the global edible insect market are focusing on large scale publicity of their products and innovative packaging for increasing their consumer base. Some of the companies mentioned in the report are HaoCheng Mealworm Inc., Reese Finer Foods Inc., AgriProtein Technologies, Kreca V.O.F., LLC, and EnviroFlight.

Edible Insects Market Growing Due to Low Production Cost of Insect Products as Compared to Beef, Chicken, or Pork

Persistence Market Research (PMR) delivers key insights on the global edible insects market in its upcoming outlook titled, “Edible Insects Market: Global Industry Analysis and Forecast, 2016 – 2024”. In terms of value, the global edible insects market is projected to register a healthy CAGR of 6.1% during the forecast period due to various factors, regarding which PMR offers vital insights in detail.

On the basis of product type, the market is segmented into a product as a whole and product as an ingredient. Product as a whole segment is further sub-segmented into steam or fried, raw and BBQ. As an ingredient segment is sub-segmented into drinks, insect confectionery, snack and baked products, and others. The global market is driven by low capital investment, rapid growth in global population, alternatives for egg and dairy proteins, ease of harvesting and processing, low disease risk and food safety, less land for farming, and lower water consumption.

On the basis of insect type, the market is segmented into beetles, caterpillar, hymenoptera, orthoptera, tree bugs, and others. Orthoptera and tree bugs segments are expected to account for relatively high CAGRs of 8.1% and 7.3% respectively during the forecast period.

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Insect rearing involves low capital investment as compared to that needed for another conventional livestock rearing such as cattle, swine, and chicken. Substantial increase in global population and decreasing resources are other factors expected to drive demand for alternative food sources. According to United Nations, global population in 2050 is expected to reach 9 billion, significantly outgrowing existing food resources. Insects contain high protein and amino acids and can be a sustainable food source in future.

Insects are a highly nutritious and a healthy food source with a high content of nutrients (fats, proteins, vitamins, fiber, and minerals) required by humans. Some individuals cannot palate egg, milk, or soy- derived protein due to allergic reactions. For example, milk sugar or lactose can cause severe allergic reactions that result in gastrointestinal side effects such as nausea, bloating, diarrhea etc. Insects contain high protein and amino acids, due to which some manufacturers add insect protein to various food products. Insect protein is organic and contains no artificial colors, sweeteners or fillers. Insects have high growth and feed conversion rates and low environmental footprint over their entire lifecycle. Insects are found across the globe and reproduce very rapidly. Farming and harvesting of edible insects provide farmers entrepreneurship opportunities across all economies. Insects provide a cheap source of food and can be reared to cater to the low-income population growth. These activities can directly improve diets and provide cash income through sales of excess produce as street food.

This report covers trends driving segments and offers analysis and insights of the potential of the edible insects market in specific regions. Markets in Europe and North America are expected to register highest CAGR between 2016 and 2024, accounting for 7.3% and 6.9% respectively. In value terms, APAC contributed the highest revenue to the global edible insects market, while MEA accounted for 28.4% market share in 2015 and is expected to account for 28.9% market share by 2024. Increasing consumer awareness in MEA about the benefits attached with consumption of edible insects is increasing fueling demand for such products over the forecast period.

Key players in the global edible insects market include Thailand Unique, Kreca, Nordic Insect Economy Ltd., Entomo Farms (Formerly Next Millennium Farms), Enviro Flight, LLC, Proti-Farm, Exo Inc., Entotech, Deli Bugs Ltd., and Eat Grub Ltd.

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.

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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.

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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.

Edible Insects Market to be Driven by Growing Population & Rising Demand for Protein

Global Edible Insects Market: Overview

Edible insects have gone through a huge transition from being famine food to a food included in the daily diet. At present, insects are not just consumed during scarcity of conventional food products but are also part of the food culture of many countries. Edible insects are not only used as human food but also as animal feed due to the presence of amino acids and essential minerals in them.

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

Edible insects such as ants, wasps, bees, flies, scale insects, termites, cockroaches, crickets, beetles, and grasshoppers are rich sources of nutrition for poultry. By type, the global edible insects market is segmented into beetles, termites, caterpillar, locusts, grasshoppers, mealworm, and others. Based on application the market is classified into animal feed (aquaculture and poultry), human food, and others.

The research report provides an in-depth analysis of the growth trajectory of the global edible insects market and the opportunities that are likely to benefit the vendors of edible insects in future. It evaluates the key segments and highlights their share in the global edible insects market. The report further delves into the competitive landscape of the market and provides information about the degree of barriers to entry and exit in the market by utilizing the Porter’s five forces analysis. The study also presents projections on the volume and revenue growth of the global edible insects market. The dynamics that are likely to restrain or drive the growth of the market are also mentioned in the report.

Global Edible Insects Market: Trends and Opportunities

The growth of the global edible insects market can be attributed to the increasing demand for food products with high protein value among middle class consumers and the rising population across the world. Feed and food insecurity and the high cost of animal protein are factors that have lifted the consumption of edible insects as feed and food. Entomophagy or consumption of insects is considered to have a positive impact on the livelihood and health of consumers.

The global edible insects market is anticipated to be steered by the growing practice of consuming edible in various local food cultures across the globe. In many developing countries, insects are an important source of food supplement for malnourished children as they can be easily digested. In Europe, the demand for edible insects is considerably high owing to the minimal risk of disease transfer as compared to animals and the presence of micronutrients and nutrients such as fatty acids, zinc, selenium, phosphorus, manganese, magnesium, iron, and copper.

However, the dearth of distribution and networking channels and absence of a legal framework regarding the consumption of edible insects are factors that are likely to inhibit the growth of the global edible insect market. Furthermore, negative perceptions about insect consumption among consumers and lack of awareness are also likely to impede the growth of the market over the forthcoming years.

Global Edible Insect Market: Regional Outlook

The global edible insect market is segmented into Europe, Asia Pacific, North America, and the Rest of the World. Asia Pacific emerged as the leading region in terms of consumption of edible insects. Countries such as Sri Lanka, Malaysia, India, Bangladesh, and China are the major consumers of edible insects in the region. The edible insect market in Africa is also expected to witness strong growth owing to the demand for edible insects for nutritional value.

Companies Mentioned in the Report

Leading companies operating in the global edible insect market are focusing on large scale publicity of their products and innovative packaging for increasing their consumer base. Some of the companies mentioned in the report are HaoCheng Mealworm Inc., Reese Finer Foods Inc., AgriProtein Technologies, Kreca V.O.F., LLC, and EnviroFlight.

Growing Awareness about Nutritional Benefits of Insect Consumption to Fuel Demand for Edible Insects, Reports TMR

A new study by Transparency Market Research (TMR) presents a comprehensive analysis of the global market for edible insects. According to the report, the rise in the awareness level regarding the nutritional benefits of insect consumption has augmented the demand for edible insects remarkably in the recent times.

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The research report, titled “Edible Insects Market - Global Industry Size, Market Share, Trends, Analysis, and Forecast 2016 - 2024,” further states that the growing concerns over health among people across the world are likely to fuel the trend of insect consumption, resulting in significant growth in this market over the forecast period. The surge in the use of insects as pet food is also projected to influence the market’s growth positively in the near future.

For this study, analysts have examined the global market for edible insects on the basis of type of insect, application, and its regional spread. By insect type, this market has been categorized into locusts, termites, grasshoppers, caterpillars, beetles, and other insects. Beetles have been seeing high demand and are likely to remain the most preferred insect for consumption across the world throughout the forecast period. Grasshoppers are also expected to witness a steady rise in demand over the next few years due to the increasing use of dried grasshoppers in pet food.

Based on application, the report classifies the market into animal feed (aquaculture and poultry), human food, and other application. Hitherto, edible insects are mostly utilized in animal feed; however, due to the growing awareness regarding the nutritional value these insects add to the regular diet of a human, their use in human food has also been gaining momentum over the recent years, notes the study.

North America, Asia Pacific, Europe, and the Rest of the World have been identified as the key geographical segments of the global market for edible insects in this research report. Asia Pacific has emerged as the leading consumer of edible insects across the world. Led by Thailand and China, this regional market is likely to remain dominant during the forecast period. The growing demand from India, Bangladesh, Sri Lanka, and Malaysia is also expected to contribute considerably to this market’s growth over the years to come, states the report.

The competitive landscape of the worldwide market for edible insects has also been studied in this report in order to identify the current market hierarchy. Crik Nutrition, Nutribug, Edible Inc., GetSharp, Gathr Foods, Bitty Foods, Six Foods, Thailand Unique, Exo Protein, Chapul Inc., Chapul Inc., EnviroFlight, Kreca, AgriProtein Technologies, and HaoCheng Mealworm Inc. are some of the key players operating in this market, states the research study.

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.

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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.

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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. 

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.

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