Edible Insects Market Share, Size, Revenue, Sales 2020 to 2023

Growing demand for nutritional products is supporting the growth of edible insects market at a global stage. Market Research Future, a firm which specializes in market reports related to the Food, Beverages & Nutrition sector among others, recently forecasted in its report on ‘Global Edible Insects Market Share Research Report- Forecast to 2023’ that the market will demonstrate an exceptional CAGR during the forecast period.
Edible insects such as caterpillars, bees, ants and wasps, beetles, scale insects, grasshoppers, crickets, locusts, and mealworm are fit for human consumption and do not produce any toxic effect. Additionally, edible insects are considered as a rich source of protein, vitamins, and amino acids, which has a wide range of application in the food & beverage and animal feed industry. Also, they do not produce toxic gases such as ammonia, which is harmful to the environment.
Increasing preference for natural ingredients in food & beverage products has surged the demand for edible insects in the global market. Edible insects contains high amount of protein, fibre, energy, minerals, vitamins, and fatty acids, which has shown a high inclination towards the edible insect’s products. Furthermore, growing environmental impact on the crop field by the use of chemical fertilizers has surged the demand for sustainable food owing to low environmental impact, which is likely to increase the global edible insects market over the review period.
Also, edible insects are relatively cheaper, which has uplifted the demand for edible insects in the food & beverage industry. Furthermore, edible insects are not only used in the food and beverage industry but also has a potential application in the animal feed owing to high amount of amino acids & minerals. However, the limited availability of edible insects and absence of regulatory laws may hamper the growth of the edible insects market over the review period.  
Latest Industry Updates
Jan 2018 EU standardizes edible insect rules. European Food Safety Authority (EFSA) will approve applications for edible bugs that will then be legal to serve to Europeans throughout the EU.
Nov 2017 Coop Switzerland has followed up the launch of burgers and meatballs developed from insects with ‘Insect Bars’, a range of energy bars made from dried crickets, along with dates, apples, sultanas and cranberries.
Nov 2017 Finnish bakery and food service company, Fazer launched what it said was the world’s first insect-based bread to be offered to consumers in stores. The bread, made from flour ground from dried crickets as well as wheat flour and seeds, contains more protein than normal wheat bread.
Global Edible Insects Market - Competitive Analysis
With the entry of industry players in the Edible Insects segment, a trend of solid, volume-driven growth has been observed in the market with the development of different varieties of product types. With companies aiming to capture a considerable share of the market segment as early as possible, they are competing and experimenting with various advantage points. The best long-term growth opportunities for this sector can be captured by ensuring ongoing process improvements and financial flexibility to invest in the optimal strategies.
The key players profiled in Edible Insects market are Nordic Insect Economy Ltd. (Finland), Thailand Unique (Thiland), Haocheng Mealworms Inc. (China), Chapul Inc. (U.S.), Nutribug Ltd. (U.K), Bugsolutely Ltd. (Thiland), and Eap Group Sarl (France) among many others.

Comments

Post a Comment

Popular posts from this blog

Latest Trends Driving the Global Lingerie Market growth

  The global lingerie market overview appears very promising, with continually growing market shares. Major factors that are influencing the market growth are increasing awareness about the product and rising popularity of various lingerie brands offering unique varieties through social media platforms. Furthermore, companies expanding their global footprints in the emerging markets are accelerating market growth. According to Market Research Future (MRFR), the global  Lingerie Market growth  is projected to reach a valuation of USD 51.23 BN by 2025. In its recently published lingerie market research, MRFR asserts that the market would grow at 4.5% CAGR over the forecast period (2019 – 2025). The augmenting market sales are majorly driven by the steady growth in the global economy. Additionally, advances in product development led by improvements in technologies are considered as major growth drivers for market growth. Besides, changing fashion trends and the growing influence of socia
Read more

Synbiotic Foods Market by application, Business Opportunity by Forecast to 2024

  The global symbiotic foods market is expected to register a healthy growth during the forecast period (2017-2024), Market Research Future (MRFR) reports. Growing health awareness has given rise to the needs for nutritional benefits of food products, and synbiotic foods have become a perfect component that could increase the nutritional value of the food products. Its potential application in diverse sectors such as foods & beverages, pharmaceutical, and neutraceutical industries has given rise to its market demand. Drivers and Restraints: Rapid urbanization across the world has resulted in a shift in lifestyle and irreversible changes in well-being leading to several health problems. The increase in disposable income has generated health awareness and indirectly spurred health expenditure. Hence, the need for synbiotic foods that improve the gut health and gastrointestinal function. It plays a significant role in reducing lactose intolerance, preventing osteoporosis and mitigatin
Read more

Toys Industry Revenue and Cost Analysis with Key Company’s Profiles 2024

  The toy is an essential part of training children through enjoyable means. Toys are like the trailer of the actual world through which a child starts to discover various aspects and things present around. Educational toys help climb the steps and learn about social, physical, and emotional aspects. Increased option in the market and demand for new toys will benefit the global toys market to reach nearly 03 percent growth mark annually. Toys help keep the children busy and sharpen the mind with the help of a puzzle and other brain exercising activities. As the child grows, the demand for toys keeps on changing or developing. On seeing such changes, the companies are always working towards searching for new methods and making toys like construction toys, action toys, dolls, speaking toys, preschool and other types of toys.  Toys Industry  is a never-ending field. With the rapid growth in digitalization, the demands for smart, online and digital toys is increasing and has opened another
Read more