Edible Insects Market Growth Drivers, Developments, Technology and Future Trends 2018-2024

According to a new report published by FAST.MR, titled, “Edible Insects Market” witnessed a market value of USD XXX billion in 2018 and is considered to surpass USD XXX billion by 2024, recording a compound annual growth rate (CAGR) of XX% between 2018 and 2024. The Edible Insects market is analysed based on regions, by type, by end user and by distribution channel. The regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The research report also includes detailed competitive analysis of dominant market players in Edible Insects market.

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 Analysis

The edible insects market is segmented in different categories including by product type, by insect type, by application, and by distribution channel. The market is segmented by product type into whole insect, insect powder, and insect meal. Among this segment, the insect powder is expected to capture significant growth rate during the projected period. Global insect powder segment was totaled at USD XXX.X billion in 2018 and is projected to reach USD XXX.X billion in 2024 at a CAGR of XX.X% from 2019 to 2024.

Moreover, based on the application, the edible insect market is further sub-segmented into a dietary supplement, animal feed, confectionery, beverages, and others. Among which nutritional supplement segment is about to register a remarkable growth rate in upcoming years. The report is further breakdown into two more sections including by insect type (beetles, caterpillars, crickets, bees, ants and others) and by distribution channels (online stores and offline stores).

Geographical Analysis

Regionally, the report offers an analysis of North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. When it comes to edible insect market, Asia Pacific is the leader in edible insect market. The Asia Pacific region has acquired significant market shares and is poised to continue its dominance in the coming years. Asian countries such as Thailand, Vietnam, China, Australia, India are the major consumers of insects around the world.          

Competitive Analysis

The report also covers detailed competitive analysis of major market players of the global edible insects market, such as Insectéo, Goffard Sisters Ltd., Chapul Cricket Protein, DeliBugs, Eat Grub, Damhert Nutrition nv, All Things Bugs, LLC, EntomoFarms and other major & notable players. Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as financial information, revenue breakup by business segment and by geography, SWOT Analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news (acquisition, expansion, technology development, research & development and other market activities).

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.

Timeline Considered for Analysis:

- 2018: Base Year

- 2019: Estimated Year

- 2019 to 2024: Forecast Period

Research Scope and Deliverables

Overview & Executive Summary

Market Drivers, Trends, Challenges and Opportunities

Market Size and Forecast Projections

Macroeconomic Indicators of Various Countries Impacting the Growth of the Market

Extensive Coverage of Industry Players including Recent Product Launches and Market Activities

Porter’s Five Force Analysis

Market Segmentation Analysis:

Industry report analyzes the global Edible Insects market by the following segments:

- Product Type

- Insect Type

- Application

- Distribution Channel

Customization: We also offers customization’s in the industry report as per the company’s specific needs.

Key Questions Answered in the Global Edible Insects Industry Report

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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

15. Geographical Analysis
       15.1. Introduction
       15.2. North America Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
             15.2.1. By Insect Type
                   15.2.1.1. Introduction
                   15.2.1.2. Market Attractiveness, By Insect Type
                   15.2.1.3. BPS Analysis, By Insect Type
                   15.2.1.4. Beetles Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
                   15.2.1.5. Caterpillars Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
                   15.2.1.6. Crickets Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
                   15.2.1.7. Bees Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
                   15.2.1.8. Ants Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
                   15.2.1.9. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
             15.2.2. By Product Type
                   15.2.2.1. Introduction
                   15.2.2.2. Market Attractiveness, By Product Type
                   15.2.2.3. BPS Analysis, By Product Type
                   15.2.2.4. Whole Insect Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
                   15.2.2.5. Insect Powder Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
                   15.2.2.6. Insect Meal Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
             15.2.3. By Application
                   15.2.3.1. Introduction
                   15.2.3.2. Market Attractiveness, By Application
                   15.2.3.3. BPS Analysis, By Application
                   15.2.3.4. Dietary supplement Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
                   15.2.3.5. Animal Feed Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
                   15.2.3.6. Confectionery Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
                   15.2.3.7. Beverages Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
                   15.2.3.8. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
             15.2.4. By Distribution Channel
                   15.2.4.1. Introduction
                   15.2.4.2. Market Attractiveness, By Distribution Channel
                   15.2.4.3. BPS Analysis, By Distribution Channel
                   15.2.4.4. Online Stores Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
                   15.2.4.5. Offline Stores Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
             15.2.5. By Country
                   15.2.5.1. Market Attractiveness, By Country
                   15.2.5.2. BPS Analysis, By Country
                   15.2.5.3. U.S. Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
                   15.2.5.4. Canada Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
             15.3. Europe Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
                   15.3.1. By Insect Type
                                     15.3.1.1. Introduction
                                     15.3.1.2. Market Attractiveness, By Insect Type
                                     15.3.1.3. BPS Analysis, By Insect Type
                                     15.3.1.4. Beetles Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
                                     15.3.1.5. Caterpillars Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
                                     15.3.1.6. Crickets Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
                                     15.3.1.7. Bees Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
                                     15.3.1.8. Ants Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
                                     15.3.1.9. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
                   15.3.2. By Product Type
                                     15.3.2.1. Introduction
                                     15.3.2.2. Market Attractiveness, By Product Type
                                     15.3.2.3. BPS Analysis, By Product Type
                                     15.3.2.4. Whole Insect Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
                                     15.3.2.5. Insect Powder Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
                                     15.3.2.6. Insect Meal Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
                   15.3.3. By Application
                                     15.3.3.1. Introduction
                                     15.3.3.2. Market Attractiveness, By Application
                                     15.3.3.3. BPS Analysis, By Application
                                     15.3.3.4. Dietary supplement Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
                                     15.3.3.5. Animal Feed Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
                                     15.3.3.6. Confectionery Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
                                     15.3.3.7. Beverages Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
                                     15.3.3.8. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
                   15.3.4. By Distribution Channel
                                 15.3.4.1. Introduction
                                 15.3.4.2. Market Attractiveness, By Distribution Channel
                                 15.3.4.3. BPS Analysis, By Distribution Channel
                                 15.3.4.4. Online Stores Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
                                 15.3.4.5. Offline Stores Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
                   15.3.5. By Country
                                 15.3.5.1. Market Attractiveness, By Country
                                 15.3.5.2. BPS Analysis, By Country
                                 15.3.5.3. Germany Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
                                 15.3.5.4. United Kingdom Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
                                 15.3.5.5. France Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
                                 15.3.5.6. Italy Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
                                 15.3.5.7. Spain Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
                                 15.3.5.8. Russia Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
                                 15.3.5.9. Rest of Europe Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
                   15.4. Asia Pacific Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
                       15.4.1. By Insect Type
                                 15.4.1.1. Introduction
                                 15.4.1.2. Market Attractiveness, By Insect Type
                                 15.4.1.3. BPS Analysis, By Insect Type
                                 15.4.1.4. Beetles Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
                                 15.4.1.5. Caterpillars Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
                                 15.4.1.6. Crickets Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
                                 15.4.1.7. Bees Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
                                 15.4.1.8. Ants Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
                                 15.4.1.9. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
                       15.4.2. By Product Type
                                             15.4.2.1. Introduction
                                             15.4.2.2. Market Attractiveness, By Product Type
                                             15.4.2.3. BPS Analysis, By Product Type
                                             15.4.2.4. Whole Insect Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
                                             15.4.2.5. Insect Powder Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
                                             15.4.2.6. Insect Meal Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
                       15.4.3. By Application
                                             15.4.3.1. Introduction
                                             15.4.3.2. Market Attractiveness, By Application
                                             15.4.3.3. BPS Analysis, By Application
                                             15.4.3.4. Dietary supplement Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
                                             15.4.3.5. Animal Feed Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
                                             15.4.3.6. Confectionery Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
                                             15.4.3.7. Beverages Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
                                             15.4.3.8. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
                       15.4.4. By Distribution Channel
                                             15.4.4.1. Introduction
                                             15.4.4.2. Market Attractiveness, By Distribution Channel
                                             15.4.4.3. BPS Analysis, By Distribution Channel
                                             15.4.4.4. Online Stores Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
                                             15.4.4.5. Offline Stores Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
                       15.4.5. By Country
                                             15.4.5.1. Market Attractiveness, By Country
                                             15.4.5.2. BPS Analysis, By Country
                                             15.4.5.3. China Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
                                             15.4.5.4. India Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
                                             15.4.5.5. Japan Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
                                             15.4.5.6. South Korea Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
                                             15.4.5.7. Indonesia Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
                                             15.4.5.8. Taiwan Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
                                             15.4.5.9. Australia Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
                                             15.4.5.10. New Zealand Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
                                             15.4.5.11. Rest of Asia Pacific Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024

15.5. Latin America Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
                       15.5.1. By Insect Type
                                             15.5.1.1. Introduction
                                             15.5.1.2. Market Attractiveness, By Insect Type
                                             15.5.1.3. BPS Analysis, By Insect Type
                                             15.5.1.4. Beetles Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
                                             15.5.1.5. Caterpillars Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
                                             15.5.1.6. Crickets Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
                                             15.5.1.7. Bees Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
                                             15.5.1.8. Ants Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
                                             15.5.1.9. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
                       15.5.2. By Product Type
                                             15.5.2.1. Introduction
                                             15.5.2.2. Market Attractiveness, By Product Type
                                             15.5.2.3. BPS Analysis, By Product Type
                                             15.5.2.4. Whole Insect Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
                                             15.5.2.5. Insect Powder Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
                                             15.5.2.6. Insect Meal Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024

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