Edible Insects Market is Expected to Rise at CAGR of 23.8% By 2023
LONDON, March 21, 2018 (GLOBE NEWSWIRE) -- According to this
latest publication from Meticulous Research™, the global edible insects market is
expected to be valued at USD 1,181.6 million by 2023, growing at a CAGR of
23.8% from 2018, mainly due to “growing population and decreasing food
resources, increasing demand for protein rich food, high cost of animal
protein, environmental sustainability with production and consumption of edible
insects, high nutritional value of insects, and low risk of transmitting
zoonotic disease.”
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The report also notes that, crickets commanded the largest
of the global edible insects market in 2017, primarily attributed to “its
high nutritional value, easy farming, easy processing and incorporation into
various food recipes & products, and increasing demand for cricket-based
products, such as protein powder, protein bars, and snacks, among others”.
Geographically, North America (U.S and Canada) is slated to
register the highest growth during the forecast period, primarily due to “growing
demand for environmental friendly high protein diets, aversion to highly
processed foods, increasing demand for insect based foods, presence of large
number of insect based food manufactures, and growing concerns about meat
production”.
The key players operating in this market are KrecaEnto-Food
BV, Thailand Unique, Entomo Farms, Haocheng Mealworm Inc., AgriProtein Holdings
Ltd, JIMINI’S (ENTOMA LTD), EnormApS, Chapul Inc., Ynsect, Eat Grub Ltd., Bitty
Foods, LLC, EAP GROUP - MICRONUTRIS, Edible Inc., Bugs Solutely, Crik
Nutrition, Enviro Flight, LLC, Exo Inc., Entotech SAS, Deli Bugs Ltd., Hargol
Food Tech, Aspire Food Group, and All Things Bugs, LLC.
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Scope
Insect Type
- Crickets
- Mealworms
- Black
Soldier Flies
- Buffalo's
- Grasshoppers
- Ants
- Silkworms
- Cicadas
- Others
Product Type
- Whole
Insects
- Insect
Meal
- Insect
Powder
- Insect
Protein Bars and Protein Shakes
- Insect
Baked Products and Snacks
- Insect
Confectionaries
- Insect
Beverages
- Insect
Oil
- Others
Application
- Human
Consumption
- Animal
Nutrition
- Cosmetics
and Pharmaceutical
Geography:
- North
America
- U.S.
- Canada
- Europe
- The
Netherlands
- Belgium
- France
- U.K
- Denmark
- Rest
of Europe
- Asia-Pacific
- Thailand
- China
- Vietnam
- Rest
of Asia-Pacific
- Rest
of World
- Latin
America
- Middle
East & Africa
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Contact Info:
Viren Shrivastava
Email: viren@meticulousresearch.com
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