Edible Insects Market Size By Product (Beetles, Caterpillars, Grasshoppers, Bees, Wasps, Ants, Scale Insects & Tree Bugs), By Application (Flour, Protein Bars, Snacks), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026
Published Date: Feb 2020 | Report ID: GMI501 | Authors: Kunal Ahuja, Kritika Mamtani
Easy availability, high protein and low-fat concentration characteristics to boost product demand
Edible insects market size exceeded USD 112 million, globally in 2019 and is estimated to grow at over 47% CAGR between 2019 and 2026. Increasing demand for high protein, low fat & economical food source along with shifting trends in dietary needs is likely to stimulate market outlook.
Get more details on this report - Request Free Sample PDF
Edible insects are roasted, dried, and powdered to form high protein and low-calorie flour. Most common edible insects available for consumption in market includes beetle, locusts, cricket, and ants. These powders are widely used in preparing low calorie energy bars and snacks owing to their compatibility with various natural ingredients and flavors.
Also, easy availability, protein extraction, high nutritional profile, and economic processing techniques is making edible insects popular among consumers which is likely to boost market demand.
Increasing farming of insects owing to minimum investment along with rising cases of livestock diseases is making consumers opt for safe and economical edible insect products. Industry players are rapidly investing in R&D and marketing to capitalize on emerging trends in food & beverage sector by introducing innovative products which should boost edible insects market trends.
Insects are sustainable source of amino acids & proteins requiring less water, land and producing fewer emissions during their production process. They are also rich in omega 3, minerals, and iron which makes them compatible with manufacturing low calorie and nutritious flour. Additionally, rapid adopting of edible insect protein in food & beverage industry and increasing trends towards sustainable manufacturing practices is likely to boost edible insects market demand.
The Canadian Food Inspection Agency (CFIA) sets standards, establishes policy, and provides information on safety and nutritional value of food. CFIA has branded insects a “Novel Food Item” and allows four insect fragments & 25 dead mites for every 225 grams of cheese products. This regulation is helping industry players to introduce safe edible insect preparations which should boost the global market growth.
Edible insects are considered as food additives. These products fall under the Federal Food, Drug, and Cosmetic Act (FFDCA). Insect based products must have the standard practices of all other US foods and producers must be FDA approved. All insect products must be labeled with both scientific and common name.
This regulation is helping manufactures to introduce new innovative products in the market and gain brand recognition which is likely to edible insects boost market statistics.
Report Coverage | Details | ||
---|---|---|---|
Base Year: | 2019 | Market Size in 2019: | 55 Million (USD) |
Historical Data for: | 2015 to 2019 | Forecast Period: | 2020 to 2026 |
Forecast Period 2020 to 2026 CAGR: | 43.5% | 2026 Value Projection: | 710 Billion (USD) |
Pages: | 170 | Tables, Charts & Figures: | 121 |
Geographies covered (10): | U.S., UK, Netherlands, France, Belgium, China, Thailand, Vietnam, Brazil, Mexico | ||
Segments covered: | Product & Application | ||
Companies covered (29): | HaoCheng Mealworms, Inc., Agriprotein Technologies, Kreca, EnviroFlight, Proti-Farm, Chapul LLC, Exo Protein, Thailand Unique, Six Foods, Bitty Foods, Gathr Foods, Crowbar Protein, Green Know, Edible Inc., Crik Nutrition, Nutribug Ltd., Cricket Flours, Crickers, Bugsolutely, Bensbugs, Ecobars Pty Ltd., LaViewEye, Bugeater Foods, Insectitos, Fluker’s Cricket Farm Inc, Entomo Farms, Micronutris, Entotech, Ynsect | ||
Growth Drivers: |
|
||
Pitfalls & Challenges: |
|
Get more details on this report - Request Free Sample PDF
Rapid adoption of grasshopper powders in preparing healthy snacks to boost edible insects market outlook
Get more details on this report - Request Free Sample PDF
The market share is segmented by product into grasshoppers, caterpillars, beetles, wasps, bees, scale insects & tree bugs, and ants. Grasshopper powders are an excellent source of protein, minerals, fiber, fatty acids, and vitamins.
Also, it is considered a complete protein as it contains all nine essential amino acids. Changing consumer perceptions towards high quality nutrition and rapid adoption of natural ingredients in preparing healthy snack preparations should boost edible insects market growth.
Grasshopper powders are widely used in preparing high quality snacks such as chips, energy bars, chocolates and macarons. Increasing inclination to consume high quality protein products, along with rapid penetration of high purity grasshopper powders in food & beverage industry is likely to increase consumption and trigger the global industry demand.
Increasing utilization in manufacturing protein bars to boost edible insects industry statistics
Get more details on this report - Request Free Sample PDF
Based on application, the market is segmented into flour, protein bars, and snacks. Protein bars segment is anticipated to hold significant market share owing to growing demand for high quality protein and amino acid sources. Also, increasing competition in market is making manufacturers to opt for high quality, economical, easily available, and nutrition rich ingredients to gain competitive edge in the global market.
The market is also gaining strengthening owing to rising health and fitness trends, Edible insects are widely used in manufacturing low calorie and high protein bars to boost muscle growth. Their easy solubility, neutral taste, and performance enhancing characteristics makes it compatible with various kinds of protein bar products which is likely to boost edible insects market demand.
Rising awareness on nutritional benefits of edible insects to boost demand in Europe
Get more details on this report - Request Free Sample PDF
The market report covers regions including North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. The market is also gaining strength owing to rapid penetration of edible insects in food & beverage consumer goods. Insect flour is widely used to supplement bakery and confectionery products to enhance nutritional profile.
Rising geriatric population and increasing demand for lean protein sources should positively influence the market trends. Edible insect protein is utilized in manufacturing low carbohydrate, fat and protein rich diets. Furthermore, increasing adoption of edible insects in keto diets & rising awareness on high amino acid, mineral, and vitamins concentration is likely to boost product demand.
New product development among industry players to capitalize on emerging nutrition trends remains key growth strategy
Global edible insects market is fragmented, and major players include HaoCheng Mealworms, Agriprotein Technologies, Kreca, EnviroFlight, Chapul, Exo Protein, Thailand Unique, Six Foods, Gathr Foods, Crowbar Protein, Crik Nutrition, Nutribug, Crickers, and Bugsolutely.
Industry players are rapidly investing in R&D to capitalize on emerging trends towards adopting high protein and low-fat products. Manufactures are developing novel techniques to manufacture edible insects products and investing in marketing to increase awareness on potential benefits of edible insects.
In July 2018, Seek Food an American firm introduced new line of cricket-based flours. The company is trying to enter in the edible insects industry by introducing high purity and quality product line up. This will help the company to capitalize on growing edible insects market in U.S., diversify product portfolio, and gain brand recognition.
In November 2018, Sainsbury became first supermarket in UK to launch edible insect product range. The company has signed a deal with snack manufacturing startup Eat Grub to sell smoky BBQ flavored roasted crickets across 250 of its UK stores. This move will help Sainsbury to enter edible insect market and gain maximum business share.
The edible insects market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue in USD from 2015 to 2026, for the following segments:
By Product
- Beetles
- Caterpillars
- Grasshoppers
- Bees
- Wasps
- Ants
- Scale Insects & Tree Bugs
By Application
- Flour
- Protein Bars
- Snacks
- Others
The above information has been provided for the following regions and countries:
- North America
- U.S.
- Europe
- UK
- France
- Belgium
- Netherlands
- Asia Pacific
- China
- Indonesia
- Thailand
- Vietnam
- Latin America (LATAM)
- Brazil
- Mexico
- Middle East & Africa (MEA)
Frequently Asked Questions (FAQ) :
Buy Now
Need a Discount? Get in touch with us for special pricing
Request DiscountConnect with our sales team
- Phone: 1-302-846-7766
- Toll Free: 1-888-689-0688
- Email: sales@gminsights.com
- Chat With Us: Click here to start
Premium Report Details
Benefits of Association
Data Coverage & Quality
GMI reports provide the most comprehensive coverage of any focus industry, ensuring a holistic and deep understanding of the market, along with actionable and granular data. We also take pride in our commitment to quality and strive to ensure that our clients get their moneys worth.
Client Trust & Security
GMI maintains strict code of conduct as a business and is committed to ensure that the privacy and trust of our clients are always maintained. As an organization, we also strive to be fully compliant with privacy laws, PCI and information security guidelines.
Customer Service
Our customers rely on us to produce accurate, reliable and timely information. Service orientation is a key mission for us as an organization; our process is guided by the desire to ensure that our clients are provided the best possible solutions in optimal timeframe. GMI stands by its commitment to service, providing timely assistance in both pre-sales and post-sales support for our clients.
GMIPulse, our report store
We have introduced ‘GMIPulse’, which is our report store; designed to offer clients a one-stop platform for all market research and business intelligence requirements. Clients can access reports, presentations, raw data excel sheets as well as detailed company profiles. GMIPulse allows you to track relevant industries and stay informed with latest innovation, competitive and regulatory developments to help design strategic framework.