Edible Insects Market Research Report - Forecast till 2027

Edible Insects Market Information by Type (Caterpillars, Bees, Ants, Beetles, Grasshoppers, Crickets and Mealworm), Application (Food & Beverages, Bakery, Snacks and Feed), Distribution Channel (Store & Non-Store Based) and Region - Forecast till 2027

ID: MRFR/F-B & N/3472-HCR | February 2021 | Region: Global | 110 pages

Edible Insects Market Overview


The Edible Insects Market analysis depicts that the global market operations were valued. Most of the prominent market players that are recognized for their contribution towards the growth of the market during the historic and the ongoing forecast period are focusing on the implementation of guidelines related to edible insects. The goal for food security is witnessing a major presence of edible insects as they can be known within less time and have the ability to be farmed in small areas in huge quantities.


Covid 19 Analysis of Edible Insects Market


The pandemic has brought along a hard time for the demand of edible insects market products and the market operations since its arrival. The market players have been witnessing a hard time in keeping up with the changing trends of the market and this is majorly impacting the ability of the market operations to produce and maintain a proper flow and supply chain mechanism during the forecast period. During the pandemic period, the negligible availability of raw materials and skilled labor has led to the production and manufacturing departments of the market players take a backseat that has affected their ability to enhance their operations amid the outbreak of the pandemic. Change in the tastes, preferences in eating habits, and styles is leading the market and hence, most of the businesses are looking for alternate means to produce and meet the demands of the target audience during the ongoing forecast period. The acceleration of new demand patterns and income strata should be considered while taking steps to revive the demand of the market post the pandemic and during the current forecast period.


The governments of various global locations are planning on the initiation of awareness programs regarding edible insects, the health benefits, and the tastes of the products. This is likely to help the market operations gain the expected momentum during the period and further, help the prominent market players opt for expansion by opting for opportunities like joint ventures, mergers, and acquisitions.


Market Dynamics


Drivers


Taking the ingredients of the market products and services into a complete picture, the edible insects, as a whole, are expecting to soar high on the increased consumption levels on the global scale during the edible insects market forecast period. The countries like India and Thailand, as a part of the APAC region, are witnessing a huge surge in the sales quantum of edible insects as a whole as the consumption scale is growing many folds with each passing day. Also, most of the countries have edible insects as snacks and are available as part of the street food which gives a push to the market operations and demand of the products during the forecast period.


Opportunities


It has been witnessed that the target audience that is spread in various parts of the globe is increasing their preference for the consumption of edible insects as a whole. Also, the prominent players that are prevalent in these regions are investing in the research and development departments that are letting them develop and make edible insects market available in packed and sealed forms. Also, the edible insect’s size is growing owing to their availability in the dried form, raw form, and barbeque form.


Technology Analysis


The advent of increased investments available to the companies is helping the edible insects market operations propel towards the provision of food-grade certified insects that are fit for consumption and are based on the tastes and preferences of the target consumers. The harvesting activities of such consumable items do not require a high amount of investment and hence, is one of the best ways in which the poor sections of the society can be helped to earn better and improvise on their living standards especially during the ongoing forecast period.


Study Objectives



  • To forecast the rate of growth of the edible insects market during the forecast period and the final market value based on the market dynamics that are drivers, restraints, and opportunities available to the market.

  • To study the revenue potential that edible insects market segments possess while catering to the vibrant demands of the target audience that is spread in various global parts of the globe. Also, the report aims to analyze the scope of the segments and their ability to influence and make a difference to the final market value by the end of the period.

  • To draw a rising competitive graph by analyzing the performance of the recent players during the forecast period and hence, also, consider the recent developments undertaken by them to emerge as a dominant power in both the domestic and the international market.


Segment Overview


The edible insects market trends are more prevalent as the edible insects market has been segmented based on the following:


Based on the type


The edible insects market has been segmented based on the type of segment that includes caterpillars, beetles, scale insects, grasshoppers, scale insects, mealworms, crickets, and locusts, amongst others. Beetles hold the largest market share, and the second-largest share is expected to be held by crickets. Beetles are considered to be a source of protein that is known to serve as a better alternative to non-vegetarian food items like beef and chicken.


Based on the application


The application segment of the global market includes bakery products, animal feed, savory snacks, and food and beverages.


Based on the distribution channel


The market players include various kinds of ways to make the products available to the target audience. They are both store-based and non-store-based distribution channels. The store-based distribution channels are expected to dominate the market operations as shopping through such portals helps in providing a one-stop shopping experience.


Regional Analysis


Globally, the market operations are available in 4 major regions namely the APAC region, Europe, North America, and the rest of the world (RoW). The APAC region is dominating the market as the awareness is increasing about the benefits of consuming these products. Also, insect farming is increasing high, and this is an important factor that will drive the market towards a dominant growth during the forecast period.


Competitive Landscape


The report helps in studying the rising degree of competitive market players in the global regions. The market players are as follows:



  • Thailand Unique

  • Nordic Insect Economy Ltd.

  • Entomo Farms Ltd.

  • Kreca Ento-Food BV

  • ENTOTECH

  • Proti-Farm

  • Eat Grub Ltd.

  • Exo Inc.

  • Deli Bugs Ltd.

  • Enviro Flight,LLC


Recent Developments



  • edible insects market served in the form of savory snacks demand are doing exceedingly well in the APAC region. One of the main reasons behind this boosted growth is the high nutrition content in the form of acid content, potassium, calcium, vitamin, and a higher degree of protein. Also, the demand for convenience food and savory snacks is increasing that will lead to the market growth of the companies in this region.

  • Bug farming is increasing at a good rate that is helping the people of both the rural and the urban areas and providing great employment opportunities to them, especially during the forecast period. Also, the income of people is increasing which is helping them enhance their way of living and lead a better life and make the most of the opportunities available.

  • Crickets and mealworms are gaining major recognition in the global industry use in both human and pet food and this is an excellent opportunity for the global market players to thrive.


Intended Audience



  • Traders and manufacturers

  • Importers and exporters

  • E-commerce industry and other online shopping portals

  • Animal feed industry

  • Edible insect farms and farmers

  • Retailers and wholesales

  • Industry users and market companies


Report Overview


The global report has been curated to help edible insects market investors and buyers have deep insights related to the market operations. The report highlights the market dynamics that will either enhance or decrease the market operations post the outbreak of the pandemic. The report helps in having an idea about the performance potential of the market developments and the revenue potential of the segments that are functional in 4 major mushrooming regions across the globe.



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Frequently Asked Questions (FAQ) :


Growing realization of the high nutritional content of edible insects has been key in bringing the edible insects market to the fore.

Beetles are the majorly consumed type of edible insect, followed by crickets and mealworms.

Growing awareness about the adverse environmental effects of conventional meat farming is the major driver for the edible insect market.

Asia Pacific is the dominant force in the global edible insect market.

Key players in the edible insects market include Bugsolutely Ltd., Nordic Insect Economy Ltd., and Thailand Unique, among others.

Table of Content

Chapter 1. Methodology and Scope

1.1. Research Methodology

1.1.1 Initial Data Exploration

1.1.2 Statistical Modelling and Forecast

1.1.3 Industry Insights and Validation

1.2. Data Sources

Chapter 2. Executive Summary

2.1. Edible Insects Industry Market Synopsis, 2020-2027

2.1.1 Business Trends

2.1.2 Product Type Trends

2.1.3 Product Application Trends

Chapter 3 Edible Insects Market Insights

3.1 Industry Segmentation

3.2 Industry Size and Forecast

3.3 Industry Ecosystem Analysis

3.4 Industry Impact Forces

3.4.1 Growth Drivers

3.4.1.1 Increasing demand for edible insects in food & beverages

3.4.1.2 Growing awareness regarding nutritional value in edible insects

3.4.2 Industry Pitfalls & Challenges

3.4.2.1 Limited availability of edible insects

3.4.2.2 Non-defined regulatory regulations

3.5 Growth Potential Analysis

3.6 Company Market Share Analysis, 2020

3.7 Porter’s Analysis

3.8 PESTEL Analysis

Chapter 4 Edible Insects Market by Type Insights

4.1 Global Edible Insects Market Volume Share by Type, 2020-2027

4.1.1 Caterpillars

4.1.1.1 Market Estimates & Forecast, 2020-2027

4.1.2 Bees, Ants and Wasps

4.1.2.1 Market Estimates & Forecast, 2020-2027

4.1.3 Beetles

4.1.3.1 Market Estimates & Forecast, 2020-2027

4.1.4 Scale Insects

4.1.4.1 Market Estimates & Forecast, 2020-2027

4.1.5 Grasshoppers, Crickets and Locusts

4.1.5.1 Market Estimates & Forecast, 2020-2027

4.1.6 Mealworm

4.1.6.1 Market Estimates & Forecast, 2020-2027

4.1.7 Others

4.1.7.1 Market Estimates & Forecast, 2020-2027

Chapter 5 Edible Insects Market by Application Insights

5.1 Global Edible Insects Market Volume Share by Application, 2020 & 2027

5.1.1 Food & Beverages

5.1.1.1 Market Estimates & Forecast, 2020-2027

5.1.1.2 Market Estimates & Forecast by Region, 2020-2027

5.1.2 Bakery Products

5.1.2.1 Market Estimates & Forecast, 2020-2027

5.1.2.2 Market Estimates & Forecast by Region, 2020-2027

5.1.3 Savory Snacks

5.1.3.1 Market Estimates & Forecast, 2020-2027

5.1.3.2 Market Estimates & Forecast by Region, 2020-2027

5.1.4 Animal Feed

5.1.4.1 Market Estimates & Forecast, 2020-2027

5.1.4.2 Market Estimates & Forecast by Region, 2020-2027

5.1.5 Others

5.1.5.1 Market Estimates & Forecast, 2020-2027

5.1.5.2 Market Estimates & Forecast by Region, 2020-2027

Chapter 6 Edible Insects Market by Distribution Channel Insights

6.1 Global Edible Insects Market Volume Share by Distribution Channel, 2020 & 2027

6.1.1 Store Based

6.1.1.1 Market Estimates & Forecast, 2020– 2027

6.1.1.2 Market Estimates & Forecast by Region, 2020- 2027

6.1.2 Non-Store Based

6.1.2.1 Market Estimates & Forecast, 2020 – 2027

6.1.2.2 Market Estimates & Forecast by Region, 2020 – 2027

Chapter 7 Edible Insects Market Regional Insights

7.1 Edible Insects Market Volume Share by Region, 2020 & 2027.

7.2 North America

7.2. A Market Estimates & Forecast, 2020-2027

7.2. B Market Estimates & Forecast, by Type, 2020-2027

7.2. C Market Estimates & Forecast, by Application, 2020-2027

7.2. D Market Estimates & Forecast, by Distribution Channel, 2020-2027

7.2.1 U.S.

7.2.1.1 Market Estimates & Forecast, 2020-2027

7.2.1.2 Market Estimates & Forecast, by Type, 2020-2027

7.2.1.3 Market Estimates & Forecast, by Application, 2020-2027

7.2.1.4 Market Estimates & Forecast, by Distribution Channel, 2020-2027

7.2.2 Canada

7.2.2.1 Market Estimates & Forecast, 2020-2027

7.2.2.2 Market Estimates & Forecast, by Type, 2020-2027

7.2.2.3 Market Estimates & Forecast, by Application, 2020-2027

7.2.2.4 Market Estimates & Forecast, by Distribution Channel, 2020-2027

7.2.3 Mexico

7.2.3.1 Market Estimates & Forecast, 2020-2027

7.2.3.2 Market Estimates & Forecast, by Type, 2020-2027

7.2.3.3 Market Estimates & Forecast, by Application, 2020-2027

7.2.3.4 Market Estimates & Forecast, by Distribution Channel, 2020-2027

7.3 Europe

7.3.1.1 Market Estimates & Forecast, 2020-2027

7.3.1.2 Market Estimates & Forecast, by Type, 2020-2027

7.3.1.3 Market Estimates & Forecast, by Application, 2020-2027

7.3.1.4 Market Estimates & Forecast, by Distribution Channel, 2020-2027

7.3.1 Germany

7.3.1.1 Market Estimates & Forecast, 2020-2027

7.3.1.2 Market Estimates & Forecast, by Type, 2020-2027

7.3.1.3 Market Estimates & Forecast, by Application, 2020-2027

7.3.1.4 Market Estimates & Forecast, by Distribution Channel, 2020-2027

7.3.2 UK

7.3.2.1 Market Estimates & Forecast, 2020-2027

7.3.2.2 Market Estimates & Forecast, by Type, 2020-2027

7.3.2.3 Market Estimates & Forecast, by Application, 2020-2027

7.3.2.4 Market Estimates & Forecast, by Distribution Channel, 2020-2027

7.3.3 France

7.3.3.1 Market Estimates & Forecast, 2020-2027

7.3.3.2 Market Estimates & Forecast, by Type, 2020-2027

7.3.3.3 Market Estimates & Forecast, by Application, 2020-2027

7.3.3.4 Market Estimates & Forecast, by Distribution Channel, 2020-2027

7.3.4 Italy

7.3.4.1 Market Estimates & Forecast, 2020-2027

7.3.4.2 Market Estimates & Forecast, by Type, 2020-2027

7.3.4.3 Market Estimates & Forecast, by Application, 2020-2027

7.3.4.4 Market Estimates & Forecast, by Distribution Channel, 2020-2027

7.4 Asia Pacific

7.4. A Market Estimates & Forecast, 2020-2027

7.4. B Market Estimates & Forecast, by Type, 2020-2027

7.4. C Market Estimates & Forecast, by Application, 2020-2027

7.4. D Market Estimates & Forecast, by Distribution Channel, 2020-2027

7.4.1 China

7.4.1.1 Market Estimates & Forecast, 2020-2027

7.4.1.2 Market Estimates & Forecast, by Type, 2020-2027

7.4.1.3 Market Estimates & Forecast, by Application, 2020-2027

7.4.1.4 Market Estimates & Forecast, by Distribution Channel, 2020-2027

7.4.2 India

7.4.2.1 Market Estimates & Forecast, 2020-2027

7.4.2.2 Market Estimates & Forecast, by Type, 2020-2027

7.4.2.3 Market Estimates & Forecast, by Application, 2020-2027

7.4.2.4 Market Estimates & Forecast, by Distribution Channel, 2020-2027

7.4.3 Japan

7.4.3.1 Market Estimates & Forecast, 2020-2027

7.4.3.2 Market Estimates & Forecast, by Type, 2020-2027

7.4.3.3 Market Estimates & Forecast, by Application, 2020-2027

7.4.3.4 Market Estimates & Forecast, by Distribution Channel, 2020-2027

7.5 RoW

7.5. A Market Estimates & Forecast, 2020-2027

7.5. B Market Estimates & Forecast, by Type, 2020-2027

7.5. C Market Estimates & Forecast, by Application, 2020-2027

7.5. D Market Estimates & Forecast, by Distribution Channel, 2020-2027

Chapter 8 Competitor Profile

8.1 Nordic Insect Economy Ltd. (Finland)

8.1.1 Business Overview

8.1.2 Financial Data

8.1.3 Product Landscape

8.1.4 Key Developments

8.1.5 Business Strategy

8.1.6 SWOT Analysis

8.2 Thailand Unique (Thiland)

8.2.1 Business Overview

8.2.2 Financial Data

8.2.3 Product Landscape

8.2.4 Key Developments

8.2.5 Business Strategy

8.2.6 SWOT Analysis

8.3 Haocheng Mealworms Inc. (China)

8.3.1 Business Overview

8.3.2 Financial Data

8.3.3 Product Landscape

8.3.4 Key Developments

8.3.5 Business Strategy

8.3.6 SWOT Analysis

8.4 Chapul Inc. (U.S.)

8.4.1 Business Overview

8.4.2 Financial Data

8.4.3 Product Landscape

8.4.4 Key Developments

8.4.5 Business Strategy

8.4.6 SWOT Analysis

8.5 Nutribug Ltd. (U.K)

8.5.1 Business Overview

8.5.2 Financial Data

8.5.3 Product Landscape

8.5.4 Key Developments

8.5.5 Business Strategy

8.5.6 SWOT Analysis

8.6 Bugsolutely Ltd. (Thiland)

8.6.1 Business Overview

8.6.2 Financial Data

8.6.3 Product Landscape

8.6.4 Key Developments

8.6.5 Business Strategy

8.6.6 SWOT Analysis

8.7 Eap Group, Sarl (France)

8.7.1 Business Overview

8.7.2 Financial Data

8.7.3 Product Landscape

8.7.4 Key Developments

8.7.5 Business Strategy

8.7.6 SWOT Analysis

Data Tables

TABLE 1 PESTLE ANALYSIS – U.S.

TABLE 2 PESTLE ANALYSIS- CANADA

TABLE 3 PESTLE ANALYSIS- CHINA

TABLE 4 PESTLE ANALYSIS- FRANCE

TABLE 5 PESTLE ANALYSIS- U.K.

TABLE 6 KEY SUPPLIERS OF EDIBLE INSECTS

TABLE 7 GLOBAL MARKET FOR EDIBLE INSECTS, BY TYPE, (2020-2027), USD MILLION

TABLE 8 GLOBAL MARKET FOR EDIBLE INSECTS, BY APPLICATION, (2020-2027), USD MILLION

TABLE 9 GLOBAL MARKET FOR EDIBLE INSECTS, BY DISTRIBUTION CHANNEL, (2020-2027), USD MILLION

TABLE 10 GLOBAL EDIBLE INSECTS SALES AND GROWTH RATE (2020-2027) USD MILLION

TABLE 11 GLOBAL MARKET FOR EDIBLE INSECTS TOP 5 COUNTRIES

TABLE 12 GLOBAL MARKET FOR EDIBLE INSECTS TOP COMPANIES-USD MILLION

TABLE 13 NORTH AMERICAN MARKET FOR EDIBLE INSECTS, BY TYPE, (2020-2027) USD MILLION

TABLE 14 NORTH AMERICAN MARKET FOR EDIBLE INSECTS, BY APPLICATION, (2020-2027), USD MILLION

TABLE 15 NORTH AMERICAN MARKET FOR EDIBLE INSECTS, BY DISTRIBUTION CHANNEL, (2020-2027), USD MILLION

TABLE 16 EUROPEAN MARKET FOR EDIBLE INSECTS, BY TYPE, (2020-2027) USD MILLION

TABLE 17 EUROPEAN MARKET FOR EDIBLE INSECTS, BY APPLICATION, (2020-2027), USD MILLION

TABLE 18 EUROPEAN MARKET FOR EDIBLE INSECTS, BY DISTRIBUTION CHANNEL, (2020-2027), USD MILLION

TABLE 19 APAC MARKET FOR EDIBLE INSECTS, BY TYPE, (2020-2027) USD MILLION

TABLE 20 APAC MARKET FOR EDIBLE INSECTS, BY APPLICATION, (2020-2027), USD MILLION

TABLE 21 APAC MARKET FOR EDIBLE INSECTS, BY DISTRIBUTION CHANNEL, (2020-2027), USD MILLION

TABLE 22 REST OF THE WORLD MARKET FOR EDIBLE INSECTS, BY TYPE, (2020-2027) USD MILLION

TABLE 23 REST OF THE WORLD MARKET FOR EDIBLE INSECTS, BY APPLICATION, (2020-2027), USD MILLION

TABLE 24 REST OF THE WORLD MARKET FOR EDIBLE INSECTS, BY DISTRIBUTION CHANNEL, (2020-2027), USD MILLION

TABLE 25 COMPETITIVE LANDSCAPING BASED ON FINACIALS DURING THE YEAR 2020 

Charts & Figures

LIST OF FIGURES

FIGURE 1 RESEARCH METHODOLOGY

FIGURE 2 PRIMARY DATA ANALYSIS APPROACH

FIGURE 3 SECONDARY DATA ANALYSIS APPROACH

FIGURE 4 TRENDS IN EDIBLE INSECTS IMPORTS 2020

FIGURE 5 GROWTH RATE IN EDIBLE INSECTS IMPORTS 2020

FIGURE 6 EDIBLE INSECTS IMPORTS MARKET SHARE BY TOP 5 IMPORTERS (2020)

FIGURE 7 TRENDS IN EDIBLE INSECTS EXPORTS 2020

FIGURE 8 GROWTH RATE EDIBLE INSECTS EXPORTS 2020

FIGURE 9 EDIBLE INSECTS EXPORTS MARKET SHARE BY TOP 5 EXPORTERS (2020)

FIGURE 10 VALUE CHAIN ANALYSIS

FIGURE 11 COST ANALYSIS: EDIBLE INSECTS

FIGURE 12 PORTER’S FIVE FORCES ANALYSIS

FIGURE 13 GLOBAL MARKET FOR EDIBLE INSECTS TRENDS BY TYPE

FIGURE 14 GLOBAL MARKET FOR EDIBLE INSECTS TRENDS BY APPLICATION

FIGURE 15 GLOBAL MARKET FOR EDIBLE INSECTS TRENDS BY DISTRIBUTION CHANNEL

FIGURE 1 FINANCIALS