Edible Insects Market Complete Analysis by Global Players- Ynsect, Entotech, Micronutris, Entomo Farms, Fluker’s Cricket Farm Inc, Insectitos, Bugeater Foods, LaViewEye, Ecobars Pty Ltd., Bensbugs, Bugsolutely

Edible Insects Market was more than $33 million for 2015 and predicted to register greater than 40% CAGR by 2023. Change in focus towards accepting insect consumption for human beings and animals are predicted to drive the industry growth. Rise in consumption of insects due to increasing health issues and avoiding unhealthy diet can favour product demand.

It is predicted that one-hectare land produces approximately about 150 tons of bug protein every year. Eatable insect production can rise in future, especially in nations like Brazil, U.S., China and UK. Health awareness among the consumers and growing use of insects in food sector has resulted in edible insect industry expansion.

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Rise in consumption of insects has resulted in increase of sustainable food due to low environmental effect. Sustainable foods are safe and healthy, inexpensive, nutritious and easily available for consumption. Insects have great nutritional value which includes fatty acids, protein, dietary energy, vitamins, minerals and fibres. Intake of minerals increases resistance power of the body against diseases. Further, eatable insects are source of oils & fats rich in polyunsaturated fatty acids. As per reports of FAO (Food & Agricultural Organization) of United Nations (UN), insects emit low proportion of greenhouse gases and can be consumed as sustainable diet. All these aspects are predicted to drive the industry growth during forecast timeframe.

Bug consumption has led to rise in demand due to reasonable price of raw materials, transportation and deployment. Low raw material price can result in production increase and directly affect edible insect market price trend. Capital investment by firms to increase their product portfolio can drive the industry demand. Insects can be hazardous if not harvested properly. Limited guidelines and rules for edible insects rearing can hinder the industry expansion.

 Product Overview

Beetle edible insects segment was evaluated at more than $9.1 million for 2015. Food items use mealworm powders and cricket powders which are protein rich. Further, mealworm and cricket bars are used as energy bars, snack bars and protein bars.

Grasshoppers are considered as natural food. These insects are predicted to record more than 42.6% of CAGR and can grow substantially. They are protein rich and can prove to be advantageous as compared to poultry or meat consumption.

Application Overview

Snacks led the application segment and were evaluated at more than $11.1 million for 2015. They are rich in zinc, protein, amino acid, vitamin, calcium and amino acid. This aspect may drive the edible insects market size.

Cricket based protein items are consumed as healthy snacks as they minimize proportion of carbohydrates and saturated fats in human body. Insect protein bars segment is predicted to record more than 42.2% of CAGR by end of 2023. They mainly contain mealworm, grasshopper and cricket and promoted as energy bars.

Insect based flour applications are predicted to witness CAGR of 42.3% and cross $166 million mark by end of forecast period. They are mainly used in production of muffins, biscuits, smoothies, breads, soups, cookies and desserts. Mealworm and cricket are utilized in powder form and found in flour items. Other key applications include roasted food, chocolates, insect protein shake, chips, pasta, roasted food and live feeder bug.

 Regional Overview

APAC was the biggest region which produced more than $10 million revenue for 2015. It was led by Thailand and China edible insects market. In Thailand, more than 201 insects are consumed while in China produces raw silk as sericulture is originated there. Both these countries sell both fresh and cooked eatable insects in local as well as wholesale markets.

Europe edible insects market share, dominated by France, UK and Holland is predicted to experience high rate of expansion during forecast timeframe. Most of the European Union nations consume or intake mealworms and crickets in their pet or regular diet.

Latin America, dominated by Brazil, is predicted to expand substantially in future. Brazil is predicted to register more than 42.4% of CAGR and surpass $55 million mark by end of forecast timeframe.

 Competitive Trends

Key industry participants profiled in the report include Chapul Incorporation,Bugsolutely, Insectitos, Bodhi, Exo Protein, Gathr Foods, Six Foods,ECOBARS, Edible Incorporation,Crik Nutrition, Bitty Foods, EnviroFlight, Micronutris, HaoCheng Mealworm Incorporation, Thailand Unique, Proti-Farm, GetSharp, Kreca, Cricket Flours, Entomo Farms, LaViewEye, Nutribug,Bugeater Foods, AgriProtein Technologies,Crickers,Bensbugs and Fluker farms.

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Data Tables

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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