The global edible insects market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). Asia Pacific is dominating the edible insects market followed by rest of the world. Thailand is a leading consumer of edible insects owing to increasing awareness about the benefits of consuming edible insect products. Also, mounting awareness towards insect farming is the key driving factor in this region.

Furthermore, increasing demand for natural ingredients in convenience food in Asia Pacific countries like China, India, and Japan are likely to boost the growth of the edible insect’s market during the review period. Additionally, Brazil and South Africa are experiencing higher consumption of edible cricket & beetle insects in food preparation, which is expected to drive the global edible insects’ market.

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. Nevertheless, all these factors are projected to contribute to the estimated CAGR of 7.2% of edible insects market during the forecast period 2017-2023. 

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Downstream Analysis:

Edible insects are segmented on the basis of type, which includes caterpillars, bees, ants, and wasps, beetles, scale insects, grasshoppers, crickets and locusts, mealworm, and others. Edible beetle hold the major market share followed by crickets owing to presence of high amount of protein that serves as a better alternative for chicken and beef.

On the basis of the application, the edible insects market is segmented into food & beverages, bakery products, savory snacks, animal feed, and others. Among all the applications, application in savory snacks is dominating in the global market owing to presence of high protein, vitamin, potassium, zinc, calcium, and amino acid content.

On the basis of the distribution channel, the market is segmented into the store-based and non-store based distribution channel. However, the store-based distribution channel is dominating the market based on the one-stop shopping experience.

Market Segmentation:

Edible insects market is segmented on the basis of type, application, distribution channel and region.

Competitive Analysis:

The major players in the edible insects market

• Nordic Insect Economy Ltd. (Finland)
• Thailand Unique (Thiland)
• Haocheng Mealworms Inc. (China)
• Chapul Inc. (U.S.)
• Nutribug Ltd. (U.K)
• Bugsolutely Ltd. (Thiland)
• Eap Group, Sarl (France)

Market Analysis

Global Edible Insects Market is expected to generate a CAGR growth of ~ 5.3 % during the forecast period. Edible insects are edible rich source of Vitamins, Proteins and Amino Acids and safe for human consumption. Human insect-eating is common and even popular in some cultures in Latin America, Oceania, Asia, Australia, Africa and others with over 1,000 species of insects being eaten.

The growing acceptance and availability of nutritional facts about insects, coupled with their lower cost per gram of protein nutrition is the prime driver of the market. Apart from being a rich source of protein, edible insects also provide Minerals, Fibers, Vitamins and Fatty Acids. The growing availability of insect nutrition data is represented by FAO estimates of 1900 edible insect species and approximate 2 billion insect consumers worldwide. Insect consumption has also been suggested as a solution to environmental degradation caused by livestock production especially the production of methane and ammonia. Insects have also been proposed to reduce the consumption of fertilizers.

The inclusion of insects in foods such as snacks, protein and energy bars and others such innovations will boost the market. The growing packaging industry has provided an impetus to the market in form of roasted and dried varieties of edible insect products. The potential applications in animal feeds is expected to generate fastest growth in the market.

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Major Key Players Trend

Some of the key players profiled in the Global Edible Insects Market

• Nordic Insect Economy Ltd. (Finland),
• HAOCHENG Mealworms Inc. (China),
• Thailand Unique (Thiland),
• BUGSOLUTELY Ltd. (Thiland),
• EAP Group, SARL (France)
• NUTRIBUG Ltd. (U.K)
• CHAPUL Inc. (U.S.)

Restraints

Taboo on insect consumption by the mainstream society is the single most critical restraint on the market. Concerns about safety and toxicity profile of the insects is another restraint on the market.

Some of the edible insects used in food industry are caterpillars, ants, and wasps, bees, beetles, scale insects, grasshoppers, crickets and locusts, and mealworm.

Also, edible insects used in food and beverage products are relatively cheaper, which has uplifted the demand for edible insects in the food & beverage industry. Additionally, they are not only used in food and beverage industry but also has a potential application in animal feed owing to high amount of amino acids & minerals. However, the limited availability of edible insects and the absence of regulatory laws are likely to hamper the growth of the edible insects market over the review period.

Key Findings

Crickets and mealworms are widely used edible insects in human food & pet food, this has a huge opportunity in the global food and feed market

Increasing bug farming has headed in employment in the rural and urban areas owing to growth in the income

Segments

Type - caterpillars, ants and wasps, beetles, bees, scale insects, grasshoppers, crickets and locusts, mealworm, and others. Beetles make up 40% of all edible insect species followed by crickets.

Application - food & beverages, bakery products, savory snacks, animal feed, and others.

Distribution channel - store-based and non-store based distribution channel. The store-based distribution channel is dominating the market.

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Regional Analysis

Asia Pacific is expected to dominate the Edible Insects Market followed by rest of the world. Thailand is the largest market owing to traditional acceptance of insects as food. Thailand is followed by China, Japan, Korea, Cambodia and Vietnam.

The South American region is expected to be led by Brazil, Mexico, Honduras and Nicaragua. South Africa, Angola, and others are expected to generate the fastest growth in the Middle East and Africa regions.