Edible Insects Market : Creepy-crawlies are unlikely to replace meat patties in between hamburger buns any time soon but their popularity as a food option is on the rise!!!

Edible insects are consumed across various regions as they are rich in various nutrients such as amino acids and essential minerals. Wasps, ants, bees, beetles, scale insects, cockroaches, flies, termites, crickets, and grasshoppers are some edible insects. They are also used across the aquaculture and poultry industries. Edible insects are roasted and dried to produced various low-calorie and nutritious food and beverage products.

Drivers

The advantage such as low cost of investment as compared to other conventional livestock such as pork, beef, and chicken is expected to augment the market growth of edible insects. Rising demand for protein-rich food products such as protein bars and snacks due to rising health consciousness among consumers is also expected to accelerate the market growth of edible insects over the forecast period.

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Market Restraints

Human consumption of edible insects is limited to certain regions since it is considered as a taboo. This is expected to hinder the market growth of the edible insects.

Lack of a legal blueprint for the consumption of edible insects coupled with the lack of distribution channel is some of the factors expected to restrict the market growth of edible insects.

Market Opportunities

Increasing demand for mixed insect’s packs that entails various edible insects is expected to augment the market growth of the edible insects. The mixed insect's packs usually contain mealworms, crickets, and cockroaches that are packed in deli cups and this is considered under ready-to-eat food products. Thus, the rising demand for mixed insect packs will favor market growth.

Key features of the study:

This report provides in-depth analysis of global edible insects market size (US$ Million), and Compound Annual Growth Rate (CAGR %) for the forecast period (2020 – 2027), considering 2019 as the base year

It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights into market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players

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Detailed Segmentation:

Global Edible Insects Market, By Product Type:
As a Whole
Steam or Fried
Raw
BBQ

As an Ingredient
Drinks
Insect Confectionery
Snack and Backed Products
Others

Global Edible Insects Market, By Insect Type:
Beetles
Caterpillars
Hymenoptera
Orthoptera
True Bugs
Others

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This release was published on openPR.