Title: Edible Insects Market
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2EDIBLE INSECTS MARKET ANALYSIS
- 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)), By Insect Type
(Beetles, Caterpillars, Hymenoptera, Orthoptera,
True Bugs, Others), and By Region (North America,
Latin America, Asia Pacific, Europe, Middle East
Africa) - Size, Share, Outlook, and Opportunity
Analysis, 2020 - 2027
3- Market Overview
- The global edible insects market is projected
to surpass US 850 million by the end of 2027, in
terms of revenue, growing at CAGR of 6.7 during
the forecast period (2020 to 2027). - Market Drivers
- Easy availability coupled with the increasing
production of edible insects is expected to
accelerate the market growth over the forecast
period. Farming and harvesting of edible have
significantly increased in the last few years due
to rising awareness regarding the health benefits
of the edible insects. This is projected to
impact market growth positively over the forecast
period
4Key Development
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5Figure 1. Global Edible Insects Market, Revenue
Share (), By Region, 2019
6- Market Restraints Market
Opportunities - 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. - Increasing demand for mixed insects 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.
7Figure 2. Global Edible Insects Market
Opportunity Analysis
8Figure 3. Global Edible Insects Market, Revenue
Share (), By Insect Type, In 2019
9Competitive Section
- Key players are operating in the global edible
insects market are Thailand Unique, Kreca, Nordic
Insect Economy Ltd., Entomo Farms, Enviro
Flight,LLC, Proti-Farm, Exo Inc., Entotech, Deli
Bugs Ltd., and Eat Grub Ltd. - Few Recent Developments
- Entomo Farms
- In October 2018, Entomo Farms that turns crickets
into snacks has announced that it is planning to
expand its business. The company is planning to
increase its insects-based food catches business
worldwide
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