The global edible insect market is expected to grow at a CAGR of 18.2% from 2021 to 2028. The demand for protein-rich products has led to the development of various food substitutes such as soy and beef analogs, chickpeas and other pulses, and most recently edible insects. There are many advantages of edible insects that have resulted in their increasing popularity among consumers worldwide. This blog post will discuss the global edible insect market including types, applications, regions, etc.
Edible insects are a possible substitute for meat because they provide protein content. Edible insect startups have been popping up in recent years and producing products that contain edible arthropods. The two most popular types of edible insects currently on the market come from beetles, which include crickets, mealworms, and locusts; or from caterpillars such as silkworm pupae or Mopani worms. Other species of bugs are also available including earwigs, cicadas, wasps, and grasshoppers but these comprise a small fraction of total sales due to their less desirable taste relative to other varieties listed above.
Edible insects are a complete protein source that has been consumed for centuries, and they’re not only environmentally friendly but also provide other health benefits such as:
* Provides all nine essential amino acids required by humans.
* Contains key vitamins (A, B12), minerals (iron), and fatty acids (omega-s).
* Contains higher levels of protein and lower fat than beef or pork.
* Free from cholesterol, lactose, and soy (which are found in meat products that may be unsuitable for people with food intolerances).
* Rich in nutrients which promotes sustainable farming practices.
On the basis of type, the edible insects are segmented into caterpillar, orthoptera, beetles, true bugs, others.
Caterpillar edible insect is the larva of any moth or butterfly that feeds on plant leaves. Caterpillars are a source of protein in some countries and may be dried to make flour for other uses. They are also used as bait by fishermen to catch fish. There are many species available all over the world with different colors including black, brown, green, white, and yellow caterpillars.
Orthoptera is a type of edible insect. Orthopterans have four wings, and they belong to the order Orthoptera. There are around 12000 species in this order that includes grasshoppers, ants, locusts, crickets, and katydids. They also include cockroaches which are not considered edible because most people find them distasteful or do not like their texture when they eat these types of insects. Beetles make up the majority of orthopedic food products available on the market today such as mealworms for example. The reason why beetles dominate is largely due to their availability - there's no need to collect them from nature unlike other types of insects such as caterpillars for instance.
Beetles are a type of edible insect. Beetles have been eaten for centuries in many parts of the world, including Europe and Asia. They can be found on all continents except Antarctica. The most common types of beetle used as food include June beetles, Japanese beetles, and dung beetles such as the African Tenebrionid beetle.
True bugs belong to the order Hemiptera and are grouped into a single infraorder, Heteroptera. True bugs are primarily sap-sucking insects with mouthparts that have piercing and sucking parts on them for this purpose. There is no clear distinction between true bugs and beetle or wasps; they all fall under different orders but share many similarities in form, behavior, life cycle, habitat preference, etc., as well as phylogenetic lineage. However one of the main differences is their ecology: while beetles feed mainly on plant material (mainly leaves), some species of true bugs also consume animal matter like carcasses which can include invertebrates such as snails and slugs.
On the basis of application, the global edible insects market is segmented into hypermarkets/supermarkets, convenience stores, specialty coffee shops, online retail, and others.
In the hypermarkets/supermarkets sector, edible insects are mostly used as a means to create novelty products. Companies such as Silk supply cricket-based food items in collaboration with retail players like Marks and Spencer and Waitrose.
The convenience store industry is one of the major end-user markets for edible insects, as it provides an easy and fast alternative to traditional food products. In 2015, over 29 billion pounds of beef was consumed in the United States alone; this number does not even include chicken or pork consumption. With a growing population willing to try new foods and an increasing demand for natural resources that are needed to raise livestock, insect production may provide an environmentally sustainable substitute for meat protein sources in the future.
The application of edible insects in specialty coffee shops is to provide consumers with an alternative source for protein. Some places are using it as a marketing strategy such as the company Chirps Chips, which provides potato chips that have crickets baked into them. This will allow many people who do not eat meat to purchase something from their stores and still feel like they can participate in consuming food from there because they can get what is the most important protein! Although some companies may be doing this more for publicity than anything else, at least these individuals know that alternatives exist if they want or need them.
In the world of online retail, people are always looking for new and innovative products to purchase. Edible insects have been one of those innovations that many individuals are now turning towards as a way to spice up their salads or meals.
Insects offer an interesting perspective on food consumption in general, which has led them to be incorporated into dishes across cultures and regions around the globe. They also happen to be easy-to-prepare with minimal time spent cooking since they don’t require any real preparation other than placing them onto skewers and throwing them over some hot coals until done (a process similar to grilling meat). Furthermore, there is very little waste produced from insect consumption when compared with traditional animal protein sources such as beef.
On the basis of region, the global edible insects market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America is anticipated to be the most lucrative region in the world edible insects market owing to a wider awareness about insect consumption among people of this region which has made them more open towards trying out different flavors from around the globe. Latin America houses countries with tropical climates where there are different species of bugs available; also Australia has been registering good growth rates despite having one or two potential competitors here too including Africa since people there consume insects as an everyday part of their diet.
-The increasing population and the rising demand for protein in developing countries are driving factors of the edible insect market.
-Insects have a higher nutritional value than meat, making them an ideal replacement for livestock animal farming.
*This type of farming is more sustainable as it has a less environmental impact on land-use change, water pollution, and greenhouse gas emissions (GHGs). The reduction in GHG emissions can help mitigate climate change effects such as extreme weather events.* In addition to this, insect cultivation also helps reduce deforestation which leads to habitat loss due to forest fires or logging – resulting in biodiversity losses that will affect food security worldwide.
Up Market Research published a new report titled “Edible Insects Market research report which is segmented by Types (Caterpillar, Orthoptera, Beetles, True Bugs, Others), By Applications (Hypermarkets/Supermarkets, Convenience Stores, Specialty Coffee Shops, Online Retail, Others), By Players/Companies Thailand Unique, Kreca Ento-Food BV, Nordic Insect Economy, Entomo Farms, Enviro Flight, Proti-Farm, EXO, ENTOTECH, Deli Bugs, Eat Grub”. As per the study, the market is expected to grow at a CAGR of XX% in the forecast period.
|Report Attributes||Report Details|
|Report Title||Edible Insects Market Research Report|
|By Type||Caterpillar, Orthoptera, Beetles, True Bugs, Others|
|By Application||Hypermarkets/Supermarkets, Convenience Stores, Specialty Coffee Shops, Online Retail, Others|
|By Companies||Thailand Unique, Kreca Ento-Food BV, Nordic Insect Economy, Entomo Farms, Enviro Flight, Proti-Farm, EXO, ENTOTECH, Deli Bugs, Eat Grub|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||237|
|Number of Tables & Figures||166|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Caterpillar, Orthoptera, Beetles, True Bugs, Others and By Application Hypermarkets/Supermarkets, Convenience Stores, Specialty Coffee Shops, Online Retail, Others.
Some of the companies that are profiled in this report are:
Edible Insects Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Edible Insects Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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