Edible Insects Market

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EDIBLE 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

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• 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 

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Key Development
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Figure 1. Global Edible Insects Market, Revenue
Share (), By Region, 2019
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• 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.

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Figure 2. Global Edible Insects Market
Opportunity Analysis
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Figure 3. Global Edible Insects Market, Revenue
Share (), By Insect Type, In 2019
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Competitive 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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