Sunday, 29 December 2019

Edible Insects Market Size, Industry Status, Growth Opportunity for Leading Players 2018 – 2024


A fresh report titled “Edible Insects Market – By Product Type (whole insect, insect powder and insect meal), By Application (dietary supplement, animal feed, confectionery, beverages and others), By Insect Type (beetles, caterpillars, crickets, bees, ants and others) By Distribution Channel (Online Stores and Offline Stores) & Global Region - Market Size, Trends, Opportunity, Forecast 2018-2024” has been presented Fast.MR. It evaluates the key market trends, advantages, and factors that are pushing the overall growth of the market. The report also analyzes the different segments along with major geographies that have more demand for Edible Insects Market. The competition analysis is also a major part of the report.
Edible insects are full of high-quality protein, vitamins, and amino acids. Edible Insects such as beetles, caterpillars, grasshoppers, locusts, crickets, wasps, bees and ants are a nutrient-dense food, high in protein, vitamins, and minerals and offers many potential health benefits. Due to the strong demand for nutritional foods, the global edible insects market reached at a market valuation of USD XX.X Billion in 2018 and is estimated to grow at a CAGR of XX.X% during the forecast period, i.e., 2019-2024.  

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Market Insights

Growth Drivers – Edible Insects Market

Health Benefits

Insects are nutritious and packed with all essential amino acids, and they have as much calcium as milk and iron as spinach. There are nearly 2,000 edible insects present in the world, and these insects are consumed across the globe. Entomophagy practice is growing strongly around many countries, including China, Africa, Asia, Australia, New Zealand, and some developing regions of Central and South America owing to its health benefits. 

Growing Food Security

Scarcities of agricultural land, water, forest, fishery, and biodiversity resources, as well as nutrients and non-renewable energy, are foreseen to encourage the consumption of edible insects in coming years. Edible insect farming is very easy as compared to animal farming, and insect farming needs less soil, less water, and less feed. Edible insect production is likely to increase in the coming years since the world’s resources are diminishing, but the population is growing steadily. Edible insects are poised to become a weapon against food scarcity in the future. As the population is growing enormously, food manufacturers are considering edible insects as the food of the future.

Western Countries are Embracing Edible Insects

World population is poised to surpass 9 billion by 2050, and food production needs to be double to meet that demand. In western countries such as the U.S. & Canada, people have started embracing edible insects in different forms. Even fast-food outlets have started selling edible insect-based food & beverage items. Consumers in western countries are increasingly aware of environmental benefits and need of eating insects, which further have backed the adoption of edible insects in western countries.

Barriers – Edible Insects Market

Low awareness among the population regarding edible insects and its environmental & health benefits is a critical challenge in global edible insect market. Apart from this, the organized market of edible insects is at a growing stage, and major sales is generated through unorganized markets, especially in Asian countries, which is another major issue in global edible insect market.      

Market Trends – Edible Insects Market

Organic Insects

With intense hype of organic food, consumers are willing to see more and more food & beverage products with organic labels. In the case of edible insects, consumers hesitate to eat insects, especially in those areas where eating insects is not a common thing. Thus, edible insect producers are growing these edible insects in an organic environment to attract more consumers.  

Segmentation

By Product Type

- Whole Insect

- Insect Powder

- Insect Meal

By Insect Type

- Beetles

- Caterpillars

- Crickets

- Bees

- Ants

- Others

By Application

- Dietary supplement

- Animal Feed

- Confectionery

- Beverages

- Others

By Distribution Channel:

- Online Stores

- Offline Stores

By Geography

- North America (U.S. & Canada)

- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)

- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)

- Latin America (Brazil, Mexico, Argentina and Rest of Latin America)

- Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)

Competitive Landscape

The report profiles various major market players such as

Insectéo
Goffard Sisters Ltd.
Chapul Cricket Protein
DeliBugs
Eat Grub
Damhert Nutrition nv
All Things Bugs, LLC
EntomoFarms
Other Major & Niche Players

The study also provides a company’s positioning and market share in Edible Insects market.

Access Complete Report of Edible Insects Market@ https://fastmr.com/report/47/edible-insects-market

Table Of Content

Research Methodology

Market Definition and List of Abbreviations

1. Executive Summary
2. Growth Drivers & Issues in Global Edible Insects Market
2.1. North America
2.2. Europe
2.3. Asia Pacific
2.4. Europe
2.5. Middle East & Africa

3. Global Edible Insects Market Trends
4. Opportunities in Global Edible Insects Market
5. Recent Industry Activities, 2018
6. Porter's Five Forces Analysis
7. Macro-Economic Trends
8. PEST Analysis
9. Market Value Chain and Supply Chain Analysis

10. Global Edible Insects Market Value (USD Million), 2018-2024
11. Global Edible Insects Market Segmentation Analysis, By Insect Type
11.1. Introduction
11.2. Market Attractiveness, By Insect Type
11.3. BPS Analysis, By Insect Type
11.4. Beetles Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
11.5. Caterpillars Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
11.6. Crickets Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
11.7. Bees Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
11.8. Ants Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
11.9. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024

12. Global Edible Insects Market Segmentation Analysis, By Product Type
12.1. Introduction
12.2. Market Attractiveness, By Product Type
12.3. BPS Analysis, By Product Type
12.4. Whole Insect Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
12.5. Insect Powder Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
12.6. Insect Meal Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024

13. Global Edible Insects Market Segmentation Analysis, By Application
13.1. Introduction
13.2. Market Attractiveness, By Application
13.3. BPS Analysis, By Application
13.4. Dietary supplement Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018- 2024
13.5. Animal Feed Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
13.6. Confectionery Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
13.7. Beverages Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
13.8. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024

14. Global Edible Insects Market Segmentation Analysis, By Distribution Channel
14.1. Introduction
14.2. Market Attractiveness, By Distribution Channel
14.3. BPS Analysis, By Distribution Channel
14.4. Online Stores Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
14.5. Offline Stores Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024

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