Edible Insects Market Trends, Companies Analysis - Ÿnsect, Micronutris, Entomo Farms, Bitty Foods, AgriProtein, Protifarm, EnviroFlight, LLC, Exo Protein, Chapul

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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Company Profiles
1. AgriProtein
2. Protifarm
3. EnviroFlight, LLC
4. Exo Protein
5. Chapul
6. Thirty Six Foods Nigeria Ltd
7. Gathr Foods
8. Crowbar Protein Company
9. Edible, Inc. A Daniel J. Edelman Company
10. Crik Nutrition
11. NUTRIBUG LTD
12. Crickers
13. Bugsolutely
14. BenSBugS
15. ECOBARS Pty Ltd
16. Bugeater Foods
17. Flukers Cricket Farm Inc
18. Entomo Farms
19. Micronutris
20. Insectescomestibles.fr (Entotech SAS)
21. Ÿnsect
22. Thailand Unique
23. Green Kow
24. LaViewEye
25. Insectitos
26. HaoCheng Mealworms, Inc.
27. Kreca

Growing consumer awareness pertaining to various health concerns and shift in trends in consuming protein rich foods, should drive edible insects market size. Invertebrates have a vital role in plant ecosystems and minimizes cardiovascular diseases risks, thus propelling the industry growth over the forecast timeframe.
Edible insects produce less emissions during production process and require less water which act as sustainable source. The products are used in wild harvesting and semi-domestication farming practices owing to its organic properties which in turn enhances the individual and industrial farming techniques, thus increasing the product demand.
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.
Edible insects market size from snacks applications may exceed USD 240 million by 2024. Cricket based protein products are used as healthy snacks as they reduce saturated fats and carbohydrates. Grasshoppers are sold in markets as snacks on roadside. Snacks are high in protein, zinc, potassium, vitamin, amino acid and calcium which may further stimulate industry growth.
Bees, wasps & ants based edible insects market size may witness a significant growth of over 43.5%. Consumer awareness regarding health benefits and rising application in food industry has led to increase in product demand. Adult bees are often roasted and grounded into a nutritious flour. In China, ground bees are used for medicinal purpose mainly to cure sore throat.
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.
Scale insects & true bugs based edible insects market demand will witness a steady gain at over 43.5% by the end of projected timespan. Marchalina hellenica, scale bug is mainly introduced in Turkey and Greece to increase honey production and hence will increase the food source demand congruently. Carmine, a red dye produced by scale insect is used to color foods, textiles and pharmaceuticals, thus promoting industry demand.
Edible insects market size from flour applications is likely to surpass USD 230 million by 2024. The products are rich in omega 3 fats, iron and high protein and cricket flour is chiefly used due to its gluten-free characteristics, thus driving market demand.

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