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Edible Insects Market Size, Growth Analysis - Segmented by Insect Type (Beetles, Caterpillar, Hymnoptera, Orthoptera, Tree Bugs), By Product Type (AS a Whole, As a Ingredient), By Application, and Geography- Trends, and Forecast (2019 - 2024).

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Edible Insects Market 

The global edible insects market was valued at USD 357.2 million in 2016 and is expected to register a CAGR of 22.3% during the forecast period (2018-2023). Asia-Pacific is the biggest and the leading continent in consuming edible insects. North America and Europe are estimated to have CAGRs of 6.9% and 7.3% respectively, during the forecast period. Within Asian region, there are many countries, like China, Thailand, and Japan amongst others, where edible insects are widely consumed. The main reason behind the consumption of edible insects is that they are rich in proteins and there is increasing awareness regarding the same among the consuming countries. Low cost of farming, high population growth, and shortages in protein rich food are the key drivers for the growing trend of edible insect farming and consumption.

                                                 Edible Insects Market

Edible Insects Market Segmentation by Insect Type

Insects are categorized into different types, like beetles, caterpillar, hymenoptera, orthoptera, tree bugs, and others. Tree bugs and orthoptera markets are estimated to have high growth in future. In order to increase the productivity, farmers are given the entrepreneurship opportunities for farming the edible insects. Less water consumption, low investments, and low disease risk are the factors influencing the edible insect market in positive way.

Edible Insects to be Advantageous to Low Income Population

Edible insects contain vitamins, minerals, fiber, fat, and proteins, which are required by humans. People allergic to eggs, milk, and some derived poultry and dairy products can consume insects for their nutrients. Insects are the substitutes for the nutrient rich food and are available at cheaper cost compared to other food products. Population with low income who cannot afford high costs can go with these edible insects. Insects are also used in preparing animal feed, as they are rich in amino acids and proteins. No sweetness, artificial color, or fillers are present in insect protein and are organic.

Edible Insects Market Major Players:

  • Thailand Unique.
  • Kreca Ento Food BV.
  • Entomo Farms Ltd.
  • Nordic insect Economy Ltd.
  • Exo Inc.
  • Entotech.

Reasons to Purchase Edible Insects Market Report

  • To have an understanding of the fastest growing region in the edible insects market and growth trends during the forecast period
  • The report outlines drives, restraints, and trends that are currently effecting the market
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • The report covers in-detail insights about the competitors’ overview and company share analysis
  • Identify the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet in excel

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1. Intoduction

                1.1 Market Definition

                1.2 Key Findings of the Study

2. Research Scope & Methodology

                2.1 Study Deliverables

                2.2 Study Assumptions

                2.3 Research Methodology

                2.4 Research Phases

3. Market Dynamics

                3.1 Edible Insects Market Drivers

                                3.1.1 Higher Demand for Cheap Protein Sources

                                3.1.2 Comparatively Lesser Cost of Insect Farming

                3.2 Edible Insects Market Restraints

                                3.2.1 Lack of Awareness about Edibility of Insects

                                3.2.2 Lack of Standardization Towards Mass Production

4. Industry Analysis

                4.1 Porter's Five Forces Analysis

                                4.1.1 Bargaining Power of Suppliers

                                4.1.2 Bargaining Power of Buyers

                                4.1.3 Threat of New Entrants

                                4.1.4 Threat of Substitute Products and Services

                                4.1.5 Degree of Competition

5. Market Segmentation

                5.1 Edible Insects Market By Insect Type

                                5.1.1 Beetles

                                5.1.2 Caterpillar

                                5.1.3 Hymnoptera

                                5.1.4 Orthoptera

                                5.1.5 Tree Bugs

                                5.1.6 Others

                5.2 Edible Insects Market By Product Type

                                5.2.1 AS a Whole

                                                5.2.1.1 BBQ

                                                5.2.1.2 Stream or Fried

                                                5.2.1.3 Raw

                                5.2.2 As a Ingredient

                                                5.2.2.1 Drinks

                                                5.2.2.2 Insect Confectionery

                                                5.2.2.3 Snacks and Backed Products

                                                5.2.2.4 Others

                5.3 Edible Insects Market By Geography

                                5.3.1 North America Edible Insects Market Size (2018-2023)

                                                5.3.1.1 US Edible Insects Market Size (2018-2023)

                                                5.3.1.2 Mexico Edible Insects Market Size (2018-2023)

                                                5.3.1.3 Canada Edible Insects Market Size (2018-2023)

                                                5.3.1.4 Rest of North America

                                5.3.2 Europe Edible Insects Market Size (2018-2023)

                                                5.3.2.1 Russia Edible Insects Market Size (2018-2023)

                                                5.3.2.2 Poland Edible Insects Market Size (2018-2023)

                                                5.3.2.3 Rest of Europe

                                5.3.3 Asia-Pacific Edible Insects Market Size (2018-2023)

                                                5.3.3.1 China Edible Insects Market Size (2018-2023)

                                                5.3.3.2 Japan Edible Insects Market Size (2018-2023)

                                                5.3.3.3 Thailand Edible Insects Market Size (2018-2023)

                                                5.3.3.4 Rest of Asia-Pacific

                                5.3.4 South America Edible Insects Market Size (2018-2023)

                                                5.3.4.1 Brazil Edible Insects Market Size (2018-2023)

                                                5.3.4.2 Rest of South America

                                5.3.5 Africa & Middle-East Edible Insects Market Size (2018-2023)

6. Edible Insects Market Competitive Landscape

                6.1 Most Adopted Strategies

                6.2 Most Active Companies

                6.3 Market Share Analysis

7. Edible Insects Market Company Profiles

                7.1 Thailand Unique

                7.2 Nordic Insect Economy Ltd.

                7.3 Kreca Ento - Food BV

                7.4 Entomo Farms Ltd.

                7.5 Exo Inc.

                7.6 Proti - Farm

                7.7 Enviro Flight LLC

                7.8 Ento Tech

                7.9 Deli Bugs Ltd.

                7.10 Eat Grub Ltd

8. Edible Insects Market Future Outlook

9. Appendix

10. Disclaimer

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