Worldwide Edible Insects Market by Segment [Raw; Coated (Bars, Candy, Chocolate, Cookie, Chips, Crackers, Snack Packs); Powdered (Flour, Baking Powder, Protein Powder, Salts); Paste]: Market Size, Forecasts, Insights and Opportunities (2016 – 2021)
The 2016 Arcluster Market Analysis and Forecasting Report on Edible Insects provides insights into key market requirements gathered from consumers, stores, retail outlets, and shops and their preferences, priorities and perception of commercially available edible insects. The study also covers key adoption factors such as user preferences on palate, tastes, age groups, consumption patterns, and coatings.
The Edible Insects market report provides an in-depth analysis on the market size and forecasts of the variety of segments of commercial available edible insects and bugs, including market opportunities across the globe. The study also covers additional market forecast data on four segments within the edible insect ecosystem – Raw, Coated, Powdered and Paste. Further to this, the report also provides market data for sub-segments within the Coated and Powdered Edible Insect market – including bars, candy, chocolate, cookies, chips, crackers, snack packs, flours, baking powders, protein powders, salts and others.
The report also provides the market opportunities, sizes and forecasts of edible insects by ten different types of insect. The analysis in this report will help both edible bug vendors, suppliers, harvesters and food and beverage companies to develop strategies, marketing goals and business decisions based on the actionable market intelligence from this report.
The market for edible insects is segmented into three categories – Segments, Insect Types and Regions.
By Segments – the market size and forecasts for edible insects is provided by four segment types – Raw, Coated, Powdered, and Paste. Coated is further segmented by Bars, Candy, Chocolate, Cookies, Chips, Crackers, Snack Packs and Others. Powdered is further segmented by Flour, Baking Powder, Protein Powder, Salts and Others.
By Types of Insect – Beetles; Caterpillars; Bees, Wasps and Ants; Grasshoppers, Locusts and Crickets; Cicadas, Plant Hoppers, Scale Insects, True bugs; Termites; Dragonflies; Flies; Others.
By Regions – the market size and forecasts are provided for 5 regions – North America, Europe, Middle-East & Africa, Central/Latin America and Asia-Pacific.
Companies covered in the report: Green Kow, Goffard Sisters, Damhert , Entomo Farms, Micronutris, Insecteo, Jimini's, Sexy Food, Snack Insect, DeliBugs, Insectable, Grub, Bush Grub, Tiny Farms, Exo, Big Cricket Farms, Chapul, Hopper Foods, All Things Bugs, Aspire, Bitty Foods, Six Foods, Don Bugito, HotLix
The 2016 syndicated study report on Edible Insects is part of an ongoing series of market reports that focus on micro emerging trends in the sustainable food and beverage markets across multiple regions and countries.
More than 2 billion people around the world eat insects. Entomophagy is not a new practice but commercially available processed and packaged edible insects is. This market is quite new with western countries lapping up this trend as part of food discovery, sustainability and food trail culture. The rise in the importance towards nutrient rich foods is an important trend that mimics into a driver for this market. The major nutritional value that edible insects carry is its ability to delivery higher levels of protein per weight in a sustainable way. When compared to popular meat options, insect harvesting for commercial purposes promises sizeable environmental and resource utilization advantages.
The biggest challenge to this market is the icky factor. Popular opinion for insect eating is not favorable. In many parts of the west and some parts in the east, entomophagy is viewed with a certain level of perceived disgust and is often identified with primitiveness. Pre-existing psychological aversion towards insects combined with religious and cultural beliefs is a key challenge for mass market adoption.
Regulations are also a critical factor in the mass market adoption of edible insects. Food administrations across the world are evaluating guidelines and rulebooks for the use of commercially available edible insects. In fact, for the use of bugs in the feed sector, lobbying is underway through private sector forces and US-based companies to obtain FDA approval. The same trend is prevalent in Europe as well. With an improving regulatory environment for edible insects, marketplace acceptance is beginning to happen as more stores and shops have begun to stock edible bugs in the food sections.
The market for edible insects across many parts of the world is quite substantial and is expected to pick up momentum over the next 5 years. The edible insect market is a nestled in niche opportunity that has begun to provide incremental ROIs to value investors and market stakeholders.
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