Edible Insects led Insect Protein bars market to grow at over 42% CAGR up to 2023

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Edible Insects Market to grow at over 40 CAGR by
2023 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Edible Insects Market

• Edible insects are rich in minerals and contain
  large amounts of potassium, iron, magnesium,
  sodium and zinc.
• Eatable insects are main source of oils and fats
  and contain large proportions of polyunsaturated
  fatty acids. All these aspects are anticipated to
  expand edible insects market share during
  forecast timeline.
• Cockroach oil is used as industrial lubricant or
  paint and this can provide new growth avenues for
  industry players to increase their product
  applications.
• Global industry is segmented into different
  products that include bees, scale insects true
  bugs, beetles, wasps, caterpillars, ants and
  grasshoppers.

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Continued...

• Industry is segmented into applications like
  snacks, flour and protein bars.
• Protein bars is projected to record 42.1 CAGR
  during forecast timeline and cross 166 million
  mark. They are mainly utilized in preparing
  smoothies, biscuits, muffins, soups, breads and
  desserts. Flour applications include mealworm and
  cricket in powdered form. Other main applications
  of edible insects are chocolates, protein shake
  and pasta.
• Latin America, dominated by Brazil, can expand
  substantially and Brazil edible insects market is
  anticipated to record 42.1 CAGR and surpass
  55.1 million in terms of revenue during forecast
  timeframe.
• Europe edible insects industry is projected to
  experience heavy expansion during forecast
  timeline and is dominated by countries like
  France, UK and Holland.

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U.S. Edible Insects Market size, by application,
2012-2023 (USD Million)

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360 Analysis

• Product Analysis
• Global industry is segmented into different
  products that include bees, scale insects true
  bugs, beetles, wasps, caterpillars, ants and
  grasshoppers. Grasshoppers are considered as
  natural food and a rich protein source.
• Regional Analysis
• Europe edible insects industry is projected to
  experience heavy expansion during forecast
  timeline and is dominated by countries like
  France, UK and Holland.
• Asia Pacific industry, dominated by Thailand and
  China, was biggest region with higher than 10.1
  million of revenue production for 2015.
• Competitive Market Share
• Key industry participants profiled in the report
  include Thailand Unique, AgriProtein
  Technologies, Gathr Foods, Crik Nutrition,
  Crickers, ECOBARS, Bugeater Foods, Entomo Farms,
  Proti-Farm and HaoCheng Mealworm Incorporation.

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