Press release
Edible Insects Market Trends, Growth, key Profiles - Ÿnsect, Micronutris, Entomo Farms, Bitty Foods, AgriProtein, Protifarm, EnviroFlight, LLC, Exo Protein, Chapul
Edible Insects Market
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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
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.
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. Increasing sports & dietary supplements consumption by sportspersons & athletes owing to presence of protein, vitamins, and amino acids will drive edible insects market demand. Stringent government norms regarding fishing and decline in seafood resources will enhance product demand.
Browse key industry insights spread across 210 pages with 151 market data tables and 36 figures & charts from the report, “Edible Insects Market Size By Product (Beetles, Caterpillars, Grasshoppers, Bees, Wasps, Ants, Scale Insects & True Bugs), By Application (Flour, Protein Bars, Snacks), Industry Analysis Report, Regional Outlook (U.S., Belgium, Netherlands, UK, France, China, Thailand, Vietnam, Brazil, Mexico), Application Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2024” in detail along with the table of contents: @ https://www.gminsights.com/industry-analysis/edible-insects-market
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.
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.
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.
EnviroFlight, AgriProtein and Haocheng mealworm are key operators in edible insects market. Strong R&D spending by manufacturers in order to fulfill with various environmental guidelines may advance product portfolio thereby stimulating industry growth.
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