Press release
Edible Insects Market Segmentation, Indepth Analysis Research Report by Foresight to 2028 | HaoCheng Mealworms, Agriprotein Technologies, Kreca, EnviroFlight, Chapul, Exo Protein, Thailand Unique
Edible Insects Market
The Edible Insects market is expected to register a moderate CAGR of 40% during the forecast period. Consumers opting for safe and economical edible insect products have led to a rise in farming of insects, which requires minimum investment along with rising livestock. Major players of the market are rapidly investing in R&D and marketing to capitalize on emerging trends in the food & beverage sector by introducing innovative products which should boost edible insects’ market trends.
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Rapid adoption of natural ingredients in preparing healthy snack preparations and a shift in consumer perception towards high quality nutrition will boost edible insects’ market growth.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT Analysis:
Bugsolutely
Agriprotein Technologies
HaoCheng Mealworms
Kreca
Chapul
EnviroFlight
Exo Protein
Six Foods
Thailand Unique
Gathr Foods
Crik Nutrition
Crowbar Protein
Nutribug
Crickers
Key Takeaways of Edible Insects Market Study
A prominent factor propelling the market growth in Europe is the usage of invertebrates for curing malnutrition as they are easy to digest.
Owing to its gluten free nature protein bars are generally preferred by athletes and sportspersons, propelling the demand for the product.
The factors restraining the market are limited distribution channel and absence of legal blueprint with respect to the consumption of insects.
The vast application and easy availability of the powder form, which can be used as flour and by mixing it with pizza, cheese, and various other food items to enhance its taste is likely to spur its demand.
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Top Market Players to Prioritize Innovative Product Offerings
The leading companies in the market are focused on the product development as well as the acquisition in the market to enhance the market share in the global market during the forecast period.
In November 2018, Sainsbury became first supermarket in UK to launch edible insect product range. The company has signed a deal with snack manufacturing startup Eat Grub to sell smokyBBQ flavored roasted crickets across 259 of its UK stores.
In July 2018, Seek Food an American firm introduced new line of cricket-based flours, to enter in the edible insects industry by introducing high purity and quality product line up. The move is expected to help the company to capitalize on growing edible insects market in U.S., gain brand recognition, and diversify product portfolio.
Major points covered in the report:
An overview of the market, including background and evolution
Macroeconomic factors affecting the market and its potential
Market dynamics, such as drivers, challenges, and trends
Detailed value chain analysis of the market
The cost structure of the products and segments covered in the study
In-depth pricing analysis, by key product segments, regions and by major market participants
Analysis of supply and demand, such as top producing and consuming geographies, imports/exports, and overall trade scenario
Analysis of the market structure, including a tier-wise categorization of key market participants
Competitive landscape of the market, including detailed profiles of the top players in this market
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Market Segmentation:
By Product
Beetles
Caterpillars
Wasps
Ants
Scales
Insects
Tree Bugs
Grasshopper
By Application
Flour
Protein bags
Snacks
By Region:
North America Edible Insects Market
By Country (US, Canada, Mexico)
By Product
By Application
Europe Edible Insects Market
By Country (Germany, Russia, UK, France, Italy, Spain, Rest of Western Europe)
By Product
By Application
Asia Pacific Edible Insects Market
By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
By Product
By Application
Middle East & Africa Edible Insects Market
By Country (UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa)
By Product
By Application
South America Edible Insects Market
By Country (Brazil, Argentina, Colombia, Rest of South America)
By Product
By Application
Customization:
We provide customization of the study to meet specific requirements:
By Segment
By Sub-segment
By Region/Country
Contact:
Quince Market Insights
Office No- A109
Pune, Maharashtra 411028
Phone: APAC +91 706 672 4848 / US +1 208 405 2835 / UK +44 121 364 6144
Email: sales@quincemarketinsights.com
Web: www.quincemarketinsights.com
ABOUT US:
QMI has the most comprehensive collection of market research products and services available on the web. We deliver reports from virtually all major publications and refresh our list regularly to provide you with immediate online access to the world’s most extensive and up-to-date archive of professional insights into global markets, companies, goods, and patterns.
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