Edible Insects Market Ultimate Analysis by Top Players - AgriProtein, EnviroFlight, Proti-Farm, Chapul Inc
Beetles dominated demand and were valued at USD 9.7 million in 2015. Key human consumption patterns involve the use of insects as a whole or in powder form for flour, protein bars and other snacks. Grasshoppers, locusts and crickets could see significant demand gains, estimated at more than 42% CAGR up to 2023. Pet foods have seen increasing use of grasshoppers as dried, whole or frozen form for fish, turtles, birds and pets.
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Food products use cricket, mealworm and grasshopper powders, rich in protein content having all essential mineral and amino acids. Black soldier fly larvae and maggots considered as substitute in fishmeal feed in aquaculture industry, are consumed either whole or as processed meal. Grasshoppers, beetles, crickets, cockroaches, termites, scale insects, flies, bees, wasps and ants are food sources for poultry which may fuel edible insects market growth.
A robust and clearly define regulatory guideline for registration, classification and commercialization of insect-based foods will be critical for industry evolution. Presently, while bug-based foods are sold across the U.S. as well as EU, participants are somewhat in the dark with respect to labelling and selling guidelines.
Browse key industry insights spread across 86 pages with 72 market data tables & 10 figures & charts from the report Edible Insects Market in detail along with the table of contents:
Global edible insects market size will exceed USD 522 million in sales by 2023, with estimated gains at 42% CAGR. Bug-based flour and energy bars together saw over 54% of all edible insects market share in 2015.
APAC, dominated by Thailand, China and Vietnam edible insects market size, was dominant and generated more than USD 12 million in 2015. Insect farming, low raw material cost and transportation cost are influencing industry growth.
Europe, led by UK, Belgium, France and Netherlands edible insects market share may see sales of more than USD 46 million by 2023. The EU allows use of insect feed for fish in aquaculture which may drive regional industry growth.
North America, led by U.S. edible insects market size, may grow significantly. Strong consumer awareness levels and acceptance will drive regional growth. Beetles and caterpillars together were responsible for more than 45% of regional sales in 2015.
Brazil and Mexico are largest LATAM markets, as insects have been traditionally consumed not only as a source of food but also due to their medicinal properties. Bug-based flour accounted for over 40% of regional sales in 2015.
Edible insects market share is fairly competitive. HaoCheng Mealworm Inc, AgriProtein, EnviroFlight and Kreca are among major industry players. Other significant companies include Proti-Farm, Chapul Inc, Eat Grub, Bitty Foods, Micronutris, Edible Inc, Thailand Unique.
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TABLE 1 Edible insect’s industry 3600 synopsis, 2018 - 2024
TABLE 2 Global edible insects market, 2013 – 2017, (USD Million)
TABLE 3 Global edible insects market, 2018 – 2024, (USD Million)
TABLE 4 Global edible insect’s revenue, by region, 2013 – 2017, (USD Million)
TABLE 5 Global edible insect’s revenue, by region, 2018 – 2024, (USD Million)
TABLE 6 Global edible insect’s revenue, by product, 2013 – 2016, (USD Million)
TABLE 7 Global edible insect’s revenue, by product, 2018 – 2024, (USD Million)
TABLE 8 Global edible insect’s revenue, by application, 2013 – 2017, (USD Million)
TABLE 9 Global edible insect’s revenue, by application, 2018 – 2024, (USD Million)
TABLE 10 Edible insect’s distribution trends
TABLE 11 Vendor matrix
TABLE 12 Company innovation overview
TABLE 13 Maximum permissible limits of insect contamination in food products
TABLE 14 Industry impact forces
TABLE 15 Average protein content comparison among insects, proteins, fish and mammals
TABLE 16 Nutrient and mineral composition of edible insect species
TABLE 17 Amino acid spectra of edible insects
TABLE 18 Feed required for one pound of meat production from micro livestock (Insects)
TABLE 19 Global aquafeed market volume, by region, 2013-2024, (Kilo Tons)
TABLE 20 Global aquafeed market revenue, by region, 2013-2024, (USD Billion)
TABLE 21 Potential edible insects market size by replacing aquafeed, 2013-2024, (USD Billion)
TABLE 22 Global edible insects market from beetles, 2013-2017, (USD Million)
TABLE 23 Global edible insects market from beetles, 2018-2024, (USD Million)
TABLE 24 Global edible insects market revenue from beetles, by region, 2013-2017, (USD Million)
TABLE 25 Global edible insects market revenue from beetles, by region, 2018-2024, (USD Million)
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