Edible Insects Market Research Report - Forecast till 2027

Global 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

Please note that assessment period of report has been updated from 2017-2023 to 2020-2027. Cordially fill sample form for updated data.

Market Synopsis of Edible Insects Market:

Market Definition:
Edible insects are particularly those insects, which are not harmful and are considered safe for human consumption. These insects are rich in protein, vitamin, and amino acid content. Also, they do not produce toxic gases such as ammonia, which is harmful to the environment. These insects are widely used in preparation of food & beverages, and animal feed. Some of the edible insects used in food industry are caterpillars, bees, ants, and wasps, beetles, scale insects, grasshoppers, crickets and locusts, and mealworm.

Market Scenario:
Growing consumer interest towards edible insects in the food and feed industry is increasing owing to the presence of amino acids and essential minerals, which has several health benefits associated with the consumption. Edible insects are rich source of protein, fibre, energy, minerals, vitamins, and fatty acids, which has shown a boundless inclination towards the edible insect products. Moreover, increased preference for natural ingredients in food & beverage products has surged the demand for edible insects in the global market.

Furthermore, growing environmental impact by the use of chemical fertilizers and other toxic substances in the crop field has surged the demand for sustainable food owing to low environmental impact on food and providing healthy life, which is likely to increase the global Edible Insects Market over the review period. 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 Players:
Some of the key players profiled in the global 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)

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:
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. Among all, beetles hold the major market share followed by crickets. Edible beetles are rich source of protein and serves as a better alternative for chicken and beef. Also, extensive use of edible cricket and mealworm in preparation of snack bar, protein bar and energy bar is driving the growth of the edible insects in this segment.

On the basis of the application, the edible insects market is segmented into food & beverages, bakery products, savory snacks, animal feed, and others. Increasing use of edible insects in the savory snacks is dominating this segment owing to presence of high protein, vitamin, potassium, zinc, calcium, and amino acid content. Furthermore, rising demand for convenience food and savory snacks is adding fuel to the growth of the global edible insects market over the review period.

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.

Intended Audience:

Edible insect farmers

Food and beverage industry

Animal feed industry

Retailers and wholesaler

E-commerce industry

Traders, importers, and exporters

Regional Analysis:

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 the leading consumer of edible insects owing to the increasing awareness about the benefits of consuming edible insect products. Additionally, growing awareness towards insect farming is considered to be the key driving factor in this region.

Moreover, increasing demand for natural ingredients in convenience food products in Asia Pacific countries like China, India, and Japan are likely to boost the growth of the edible insects market during the assessment period. Furthermore, 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.

The global edible insects market is segmented into the following regions

North America

U.S.

Canada

Mexico

Europe

Germany

France

Italy

Spain

U.K.

Rest of Europe

Asia Pacific

China

India

Australia

Japan

Rest of Asia Pacific

Rest of the world

Brazil

Argentina

South Africa

Others

The report for global edible insects market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macroeconomic and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the various segments and regions of the market.

Frequently Asked Questions (FAQ) :

Why has the edible insects market come to the fore?

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

What are the majorly consumed types of edible insects?

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

What is the major driver for the edible insects market?

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

Which is the leading regional edible insects market?

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

What are the key players in the edible insects 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