Edible Insects Market 2018 to Showing Impressive Growth by 2024 With COVID -19 Impact
by Jason Lee Marketing ManagerA 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.
Get Latest Sample for Edible Insects Market@ https://fastmr.com/request-s/47
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
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Created on Jun 11th 2020 14:01. Viewed 452 times.