Home > Food, Nutrition & Animal Feed > Edible Insects Market
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.
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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.
|Market Size in 2019:||55 Million (USD)|
|Forecast Period:||2020 to 2026|
|Forecast Period 2020 to 2026 CAGR:||43.5%|
|2026 Value Projection:||710 Billion (USD)|
|Historical Data for:||2015 to 2019|
|No. of Pages:||170|
|Tables, Charts & Figures:||121|
|Segments covered:||Product & Application|
|Pitfalls & Challenges:|
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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.
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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.
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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.
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.
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:
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