Edible Insects Market - PDF

Edible Insects Market share to exceed $ 710 Million
by 2024: Global Market Insights Inc.
The research report Global “Edible Insects Market Size By Product (Beetles,
Caterpillars, Grasshoppers, Bees, Wasps, Ants, Scale Insects & True Bugs), By
Application (Flour, Protein Bars, Snacks), Industry Analysis Report, Regional
Outlook, Application Potential, Price Trends, Competitive Market Share &
Forecast, 2018 – 2024” says, Global Edible Insects Market size is set to exceed USD
710 Million by 2024
Global human population is anticipated to increase by more than 2 billion by end of
2050 giving rise to food problem. Increase in food production will lead to more pressure
on environment. So consumption of edible insects is one of the food alternatives
through which one can get high quality protein, amino acids and vitamins at affordable
costs.Edible insects possess high food conversion rate and emit less greenhouse
gases than traditional livestock. Furthermore, insect farming is cost effective as
compared to cattle farming. Also, these insects are considered as a protein source for
direct human consumption. They can be nourished and nurtured in a natural
environment.As per Global Market Insights reports, edible insects market size was
evaluated at $33.1 million for 2015 and is anticipated to record higher than 40.1%
CAGR by end of forecast timeline. Growing acceptance of bug consumption all across
the globe is predicted to drive global edible insects industry trends.
Today, there is rise in consumption of insects and bugs due to increasing health
concerns among the global population. Bugs find their application in livestock like fish
and poultry farms. It is projected that one hectare of land can produce minimum 151
tons of insect proteins every year. Awareness among the customers about fitness
coupled with its growing use in food sector are the factors expected to drive the edible
insects market expansion.
Edible insects are rich in minerals and contain large amounts of potassium, iron,
magnesium, sodium and zinc. Intake of diet rich in mineral content has a positive
impact on fighting dreaded ailments. 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.
Raw substance price is less that has resulted in enhancement in production and this
directly affects edible insects market price trends. Cockroach oil is used as industrial
lubricant or paint and this can provide new growth avenues for industry players to
increase their product applications. However, edible insects can cause harm to health
if they are harvested improperly. Limited regulations for edible insects can hinder
industry expansion in future.
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U.S. Edible Insects Market Size, By Application, 2017 & 2024, (USD
Million)
Browse key industry insights spread across 210 pages with 151 market data
tables and 36 figures & charts from the report, “Edible Insects Market Size By
Product (Beetles, Caterpillars, Grasshoppers, Bees, Wasps, Ants, Scale Insects
& True Bugs), By Application (Flour, Protein Bars, Snacks), Industry Analysis
Report, Regional Outlook (U.S., Belgium, Netherlands, UK, France, China,
Thailand, Vietnam, Brazil, Mexico), Application Potential, Price Trends,
Competitive Market Share & Forecast, 2018 – 2024” in detail along with the table
of contents:
https://www.gminsights.com/industry-analysis/edible-insects-market
Global industry is segmented into different products that include bees, scale insects &
true bugs, beetles, wasps, caterpillars, ants and grasshoppers.
Beetles segment contributed higher than $9 million for 2015 in terms of revenue.
Substituting conventional source of protein like beef or chicken can promote the
demand for beetle in coming years.
Grasshoppers are considered as natural food and a rich protein source. The segment
can expand substantially and is projected to record greater than 42.6% CAGR. These
products are beneficial replacement for poultry and meat intake.
Industry is segmented into applications like snacks, flour and protein bars. Snacks led
the application segment and made a contribution of higher than $11.1 million for 2015.
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They are rich in amino acids, proteins, zinc, vitamins, calcium and potassium and
these features can promote the segment expansion. Cricket based items are
consumed as snacks as they are good for health and as they minimize carbohydrates
and saturated fats.
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.
Global edible insects market is segmented into Asia Pacific, North America, Middle
East & Africa, Latin America and Europe. Asia Pacific industry, dominated by Thailand
and China, was biggest region with higher than $10.1 million of revenue production for
2015.
Europe edible insects industry is projected to experience heavy expansion during
forecast timeline and is dominated by countries like France, UK and Holland.
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.
Segmentation of Edible Insects Market:
Edible insects market research report includes in-depth coverage of the industry, with
estimates & forecast in terms of revenue in USD from 2013 to 2024, for the following
segments:
Edible Insects Market, By Product
• Beetles
• Caterpillars
• Grasshoppers, locusts & crickets
• Bees, wasps & ants
• Scale insects & true bugs
• Others
Edible Insects Market, By Application
• Flours
• Bars
• Snacks
• Others
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