Insect Snacks Market Research Report: Information by Insect Type (Coleoptera, Lepidoptera, Hymenoptera, Orthoptera), Packaging Type (Cans, Pouches), End-Use (Food Retail, Food Service), Region (North America, Europe, Asia-Pacific, RoW) — Global Forecast till 2027

Market Scenario

The global insect snacks market is projected to witness a significant growth rate during the forecast period, owing to the surging acceptance of the consumption of insects and insect-based ingredients in the form of snacks. Increasing consumption of convenience snacks due to the busy lifestyle of people is yet another determinant fuelling the growth of the insect snacks market. Being nutritive in nature, snacks prepared from insects offer most of the nutrients required by the human body, such as protein, vitamins, and minerals.

A major market restraint is the growing trend of veganism. According to a data cited by the Food Revolution Network, the number of consumers in the US identifying themselves as vegan increased by approximately 600%, reaching a share of 6% in 2017, as compared to the 1% of US consumers in 2014. Similarly, the UK witnessed an increase of 350% in the number of consumers identifying themselves as vegan.

Rearing of insects for food is an environment-friendly alternative as insects offer a high feed conversion efficiency. For instance, crickets require only 2 kilograms of feed for every 1 kilogram of body weight gain. The feed provided to insects while rearing is mainly food or kitchen leftovers, leading to lowered dumping of waste in landfills. Hence, insect rearing for food is a crucial emerging trend in sustainable industrial farming and is expected to pave the way for several profitable growth opportunities for the market players during the coming years.

Segmentation

The global insect snacks market has been segmented based on insect type, packaging type, end-use, and region.

By insect type, the global insect snacks market has been classified as Coleoptera, Lepidoptera, Hymenoptera, Orthoptera, Hemiptera, and others.

The global insect snacks market has also been segregated, on the basis of packaging type, into cans

pouches, bottles, and others.

By end-use, the global insect snacks market is categorized into food service and food retail.

The global insect snacks market has been studied with regard to four key regions—North America, Europe, Asia-Pacific, and the rest of the world.

The North American insect snacks market has further been segmented into the US, Canada, and Mexico. The European insect snacks market has been classified as the UK, Germany, France, Italy, Spain, and the rest of Europe. The insect snacks market in Asia-Pacific has been divided into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific. The insect snacks market in the rest of the world has been segmented into South America, the Middle East, and Africa.

Regional Market Summary

Global Insect Snacks Market Share (%), by Region, 2017

Source: Secondary Sources and MRFR Analysis

Asia-Pacific is projected to dominate the insect snacks market during the forecast period as entomophagy is a common practice in a majority of Asia-Pacific countries. Being a rich source of various nutrients, insect snacks are gaining demand among the consumers in North America. In Europe, the demand for insect snacks is comparatively low owing to the growing trend of veganism and low adoption of entomophagy.

Global Insect Snacks Market, by Insect Type

• Coleoptera


• Lepidoptera


• Hymenoptera


• Orthoptera


• Hemiptera


• Others

Global Insect Snacks Market, by Packaging Type

• Cans


• Pouches


• Bottles


• Others

Global Insect Snacks Market, by End-Use

• Food Service


• Food Retail

Global Insect Snacks Market, by Region

• 
  North America
  
  
  
  • US
  
  
  • Canada
  
  
  • Mexico
  
  
  
  


• 
  Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • Italy
  
  
  • Spain
  
  
  • UK
  
  
  • Rest of Europe
  
  
  
  


• 
  Asia-Pacific
  
  
  
  • Japan
  
  
  • China
  
  
  • India
  
  
  • Australia and New Zealand
  
  
  • Rest of Asia-Pacific
  
  
  
  


• 
  Rest of the World (RoW)
  
  
  
  • South America
  
  
  • Middle East
  
  
  • Africa
  
  
  
  

Key Players in the Global Insect Snacks Market

• Eat Grub (UK)  


• Jimini’s (France)


• Thailand Unique (Thailand)


• Entomo Farms (Canada)


• Chapul Cricket Protein (US)


• Edible Inc. (Korea)


• Cricket Flours (US)


• EXO (US)


• Six Foods (US)

Intended Audience

• Insect snacks producers/processors


• Food & beverage manufacturers


• Raw material suppliers and distributors


• Traders, exporters, and importers