Edible Insects Market 2018 industry trends, sales, demand, analysis & forecasts to 2024 Including Key Players - Insectéo, Goffard Sisters Ltd., Chapul Cricket Protein, DeliBugs and Others

A fresh report titled “Edible Insects Market – By Product Type (whole insect, insect powder and insect meal), By Application (dietary supplement, animal feed, confectionery, beverages and others), By Insect Type (beetles, caterpillars, crickets, bees, ants and others) By Distribution Channel (Online Stores and Offline Stores) & Global Region - Market Size, Trends, Opportunity, Forecast 2018-2024” has been presented Fast.MR. It evaluates the key market trends, advantages, and factors that are pushing the overall growth of the market. The report also analyzes the different segments along with major geographies that have more demand for Edible Insects Market. The competition analysis is also a major part of the report.

Edible insects are full of high-quality protein, vitamins, and amino acids. Edible Insects such as beetles, caterpillars, grasshoppers, locusts, crickets, wasps, bees and ants are a nutrient-dense food, high in protein, vitamins, and minerals and offers many potential health benefits. Due to the strong demand for nutritional foods, the global edible insects market reached at a market valuation of USD XX.X Billion in 2018 and is estimated to grow at a CAGR of XX.X% during the forecast period, i.e., 2019-2024.

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Market Insights

Growth Drivers – Edible Insects Market

Health Benefits

Insects are nutritious and packed with all essential amino acids, and they have as much calcium as milk and iron as spinach. There are nearly 2,000 edible insects present in the world, and these insects are consumed across the globe. Entomophagy practice is growing strongly around many countries, including China, Africa, Asia, Australia, New Zealand, and some developing regions of Central and South America owing to its health benefits.

Growing Food Security

Scarcities of agricultural land, water, forest, fishery, and biodiversity resources, as well as nutrients and non-renewable energy, are foreseen to encourage the consumption of edible insects in coming years. Edible insect farming is very easy as compared to animal farming, and insect farming needs less soil, less water, and less feed. Edible insect production is likely to increase in the coming years since the world’s resources are diminishing, but the population is growing steadily. Edible insects are poised to become a weapon against food scarcity in the future. As the population is growing enormously, food manufacturers are considering edible insects as the food of the future.

Western Countries are Embracing Edible Insects

World population is poised to surpass 9 billion by 2050, and food production needs to be double to meet that demand. In western countries such as the U.S. & Canada, people have started embracing edible insects in different forms. Even fast-food outlets have started selling edible insect-based food & beverage items. Consumers in western countries are increasingly aware of environmental benefits and need of eating insects, which further have backed the adoption of edible insects in western countries.

Barriers – Edible Insects Market

Low awareness among the population regarding edible insects and its environmental & health benefits is a critical challenge in global edible insect market. Apart from this, the organized market of edible insects is at a growing stage, and major sales is generated through unorganized markets, especially in Asian countries, which is another major issue in global edible insect market.

Market Trends – Edible Insects Market

Organic Insects

With intense hype of organic food, consumers are willing to see more and more food & beverage products with organic labels. In the case of edible insects, consumers hesitate to eat insects, especially in those areas where eating insects is not a common thing. Thus, edible insect producers are growing these edible insects in an organic environment to attract more consumers.

Segmentation

By Product Type

- Whole Insect

- Insect Powder

- Insect Meal

By Insect Type

- Beetles

- Caterpillars

- Crickets

- Bees

- Ants

- Others

By Application

- Dietary supplement

- Animal Feed

- Confectionery

- Beverages

- Others

By Distribution Channel:

- Online Stores

- Offline Stores

By Geography

- North America (U.S. & Canada)

- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)

- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)

- Latin America (Brazil, Mexico, Argentina and Rest of Latin America)

- Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)

Competitive Landscape

The report profiles various major market players such as

Insectéo

Goffard Sisters Ltd.

Chapul Cricket Protein

DeliBugs

Eat Grub

Damhert Nutrition nv

All Things Bugs, LLC

EntomoFarms

Other Major & Niche Players

The study also provides a company’s positioning and market share in Edible Insects market.

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This release was published on openPR.