New Research On Edible Insects Market Growth by Top Key Companies: HaoCheng Mealworm Inc., Reese Finer Foods Inc., AgriProtein Technologies, ExoProtein, Thailand Unique, Entotech, Kreca V.O.F LLC and EnviroFlight

Edible insects Market Overview
Edible insects have gone through a great transition from starvation to the foods included in the daily diet. Currently, insects are not only consumed during the shortage of conventional food products, but are also part of the food culture of many countries. Edible insects are not only used as food for humans, but also as animal feed due to the presence of essential amino acids and minerals.

The global edible insects market is expected to expand and reach USD 56 Million by 2024 growing at a CAGR of 6% during the forecast period 2016 to 2024.

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Edible insects such as ants, wasps, bees, flies, cochineals, termites, cockroaches, crickets, beetles and grasshoppers are rich sources of nutrition for poultry. By type, the world market for edible insects is segmented into beetles, termites, caterpillars, locusts, grasshoppers, mealworms and others. On the basis of the application, the market is classified as animal feed comprising aquaculture and poultry, food for humans and others.

The research report provides an in-depth analysis of the growth trajectory of the global edible insect market and the opportunities that may be available to edible food sellers in the future. It evaluates key segments and highlights its participation in the world market for edible insects. The report also analyzes the competitive market landscape and provides information on the degree of entry and exit barriers in the market using the analysis of five Porter forces. The study also presents projections of the volume and growth of the world market for edible insects. The dynamics that can hinder or stimulate market growth are also mentioned in the report.

Drivers and Restraints:
The growth of the world market for edible insects can be attributed to the growing demand for protein-rich foods among middle-class consumers and the growing world population. Food insecurity and the high cost of animal protein have led to an increase in the consumption of edible insects in the form of food and feed. It is considered that the consumption of insects has a positive impact on the means of subsistence and the health of consumers.
It is expected that the world market for edible insects is driven by the growing practice of consuming food in various local people around the world. In many developing countries, insects are an important source of dietary supplements for malnourished children because they can be easily digested. In Europe, the demand for edible insects is considerably high due to the minimal risk of disease transfer from the animals and the presence of micronutrients and nutrients such as fatty acids, zinc, selenium, phosphorus, manganese, magnesium, iron and copper

However, the shortage of distribution channels and networks, and the lack of a legal framework for the consumption of edible insects are likely to inhibit the growth of the world market for edible insects. In addition, negative perceptions of consumer about insect consumption and the lack of awareness can also hamper the market growth in the coming years.

Geographic Segmentation:
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, 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 their demand for nutritional value.

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Key Players:
Key players operating in the global edible insect market are HaoCheng Mealworm Inc., Reese Finer Foods Inc., AgriProtein Technologies, ExoProtein, Thailand Unique, Entotech, Kreca V.O.F LLC and EnviroFlight.

Scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.

The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided.

The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.

What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.

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