edible insects food market size, demand & global opportunity analysis outlook 2021

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Global Edible Insect Market Outlook :

Industry Insights & Opportunity Evaluation,

2015-2021


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Global Edible Insect Market Overview

Edible insects are sustainable source of rich protein and

other useful quantity of micronutrients and are expected

to contribute greatly to global food assurance in coming

few years. Edible insects are preferred over other livestock

such as pigs, chicken etc., as they are believed to convert

feed to consumable food more efficiently with fewer

greenhouse gas emissions and lesser requirements of

water and land.

The global edible insect market is anticipated to witness a

substantial compound annual growth rate (CAGR) of

42.1% from 2015 and reach USD 522.5 Million by the end

of 2023. Regionally, the global Edible insect market is

segmented into North America, Latin America, Western

and Eastern Europe, Asia-Pacific, Middle East and North

Africa (MENA) and Rest of World (Row).

Market Segmentation

By Type

Mealworm

Locusts

Grasshoppers

Caterpillar

Beetles

Termites

Others


By Application

Source: Primary Sources

Flour

Snacks

Protein Bars

Growth Drivers and challenges

Increasing environmental and monetary cost of

conventional livestock such as pigs, chicken, etc. is likely

to escalate the demand of edible insects over the forecast

period i.e. 2015-2021.

55%

45%

Global Edible Insects Market % share-By Application, 2015

Flour and energy bars Snacks


In addition to that, rising demand of protein from

emerging middle class is also expected to fuel the growth

of global edible insect market in future.

However, lack of proper legal framework regarding edible

insect consumption and lack of customer awareness are

anticipated to restrain the global edible insect market

growth in future.

Market Size and Forecast

Regionally, With USD 13.0 Million, Asia-Pacific held the

lion’s share in global edible insect market. China, Vietnam

and Thailand are major markets of edible insect in Asia-

Pacific region. Growth in insect farming coupled with

lower cost of transportation and raw material are the key

growth driver of Asia-Pacific edible insect market.

Europe edible insect market is forecasted to witness a

robust growth and reach at USD 46.2 Million by 2023, led

by growth in major countries including France, Belgium

and Netherlands.

North America edible insect market is dominated by the

U.S., which accounted for 45.3% of beetles and caterpillars

sales in the region in 2015.

Latin America edible insect market is led by Mexico and

Brazil, where edible insects have been traditionally used as

a food source and medicinal source. Sales of bug-based

flour reflected 40.6% in Latin America in 2015.


Key Players

Global edible insect market includes some of the top

players such as HaoCheng Mealworm Inc., Reese Finer

Foods Inc., Kreca, AgriProtein Technologies, EnviroFlight

LLC , etc.

Scope and Context

Overview of the Parent Market

Analyst View

Market Size and Growth

North America (U.S., Canada)

Latin America (Mexico, Brazil, Rest of Latin America)

Western and Eastern Europe (Germany, Italy, Spain,

France, U.K, Benelux, Hungary, Rest Of Western

Europe, Russia Poland, Rest of Eastern Europe)

Asia-Pacific (China, India, Singapore, Japan, Australia

& New Zealand & Rest of Asia)

Middle East and North Africa (MENA)

Rest of World

Segmentation

By Type

Application

By Region

Market Dynamics


Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their

Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in

current dynamic environment

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in

current dynamic environment

To know more about this research, visit:

http://www.researchnester.com/reports/global-edible-

insect-market-analysis-opportunity-outlook-2021/49


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