Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Edible insects are consumed across various regions as they are rich in various nutrients such as amino acids and essential minerals. Wasps, ants, bees, beetles, scale insects, cockroaches, flies, termites, crickets, and grasshoppers are some edible insects. They are also used across the aquaculture and poultry industries. Edible insects are roasted and dried to produced various low-calorie and nutritious food and beverage products.

The global edible insects market is projected to surpass US$ 850 million by the end of 2027, in terms of revenue, growing at CAGR of 6.7% during the forecast period (2020 to 2027).

Drivers

The advantage such as low cost of investment as compared to other conventional livestock such as pork, beef, and chicken is expected to augment the market growth of edible insects. Rising demand for protein-rich food products such as protein bars and snacks due to rising health consciousness among consumers is also expected to accelerate the market growth of edible insects over the forecast period.

Easy availability coupled with the increasing production of edible insects is expected to accelerate the market growth over the forecast period. Farming and harvesting of edible have significantly increased in the last few years due to rising awareness regarding the health benefits of the edible insects. This is projected to impact market growth positively over the forecast period. 

Regionally, Asia-pacific dominated the global edible insects market in 2019, reporting 33% market share in terms of revenue, followed by Middle East & Africa and Latin America, respectively.

Figure 1. Global Edible Insects Market, Revenue Share (%), By Region, 2019

Edible Insects  | Coherent Market Insights

Market Restraints

Human consumption of edible insects is limited to certain regions since it is considered as a taboo. This is expected to hinder the market growth of the edible insects.

Lack of a legal blueprint for the consumption of edible insects coupled with the lack of distribution channel is some of the factors expected to restrict the market growth of edible insects.

Market Opportunities

Increasing demand for mixed insect’s packs that entails various edible insects is expected to augment the market growth of the edible insects. The mixed insect's packs usually contain mealworms, crickets, and cockroaches that are packed in deli cups and this is considered under ready-to-eat food products. Thus, the rising demand for mixed insect packs will favor market growth.

The growing use of edible insects as a coloring agent across various food products is projected to foster the market growth of the edible insects over the forecast period. For example, cochineal is an insect used to color strawberry and other food products such as donuts, cakes, and pies. Cochineal extract is a natural ingredient and is FDA approved for use across various food products. 

Figure 2. Global Edible Insects Market – Opportunity Analysis

Edible Insects  | Coherent Market Insights

Market Trends

Growing cases of livestock disease are creating demand for edible insects which is further expected to fuel the market growth over the forecast period. The growing demand for cricket flour which is gluten-free which can be used for producing various food products is further expected to propel the market growth over the forecast period.

Increasing demand for invertebrates for treating malnutrition since edible insects are easy to digest is expected to foster market growth. The rising trend of consuming powder form of edible insects in pizza and other food products for enhancing the taste is estimated to accelerate the market growth.

Figure 3. Global Edible Insects Market, Revenue Share (%), By Insect Type, In 2019

Edible Insects  | Coherent Market Insights

On the basis of insect type, beetles dominated the global edible insects market in 2019 with around 30% of market share in terms of revenue, followed by caterpillar and hymenoptera, respectively.

Competitive Section

Key players are operating in the global edible insects market are Thailand Unique, Kreca, Nordic Insect Economy Ltd., Entomo Farms, Enviro Flight,LLC, Proti-Farm, Exo Inc., Entotech, Deli Bugs Ltd., and Eat Grub Ltd.

Few Recent Developments

Entomo Farms 

  • In October 2018, Entomo Farms that turns crickets into snacks has announced that it is planning to expand its business. The company is planning to increase its insects-based food catches business worldwide.

Edible insects are available in roasted, dried and powdered form and are used as low calorie ingredient for nutritious food & beverage preparations. Commonly available insects include grasshoppers, bees, ants, crickets, and wasps. These products are predominantly used for preparing nutrient supplements, healthy snacks, protein bars, and trans-fat flours because of their indistinctive taste and efficient bounding properties.

Market Dynamics

The global edible insects market has witnessed significant growth in recent past years, owing to the rise in farming and culturing of insects owing to lower cost of investment coupled with rise in cases of disease in livestock is making consumers aware for safe and economical edible insect products. Along with this, easy availability, cheaper farming and advance processing techniques is fuelling the popularity among consumers across the globe.

Major players in the global edible insects market are increasing their investment on innovative product launchings, research & development and marketing & promotional activities to capitalize on emerging trends in food & beverage industry.  This scenario is expected to fuel the market during the forecast period.

Key features of the study:

  • This report provides in-depth analysis of global edible insects market size (US$ Million), and Compound Annual Growth Rate (CAGR %) for the forecast period (2020 – 2027), considering 2019 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights into market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players
  • It profiles leading players in the global edible insects market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study includes Thailand Unique, Kreca, Nordic Insect Economy Ltd., Entomo Farms, Enviro Flight, LLC, Proti-Farm, Exo Inc., Entotech, Deli Bugs Ltd., and Eat Grub Ltd.
  • Insights from this report would allow marketers and the management authorities of companies to make informed decision regarding their future product launches, Product Type up-gradation, market expansion, and marketing tactics
  • The global edible insects market report caters to various stakeholders in this industry including investors, suppliers, global edible insects manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analysing the global edible insects market

Detailed Segmentation:

  • Global Edible Insects Market, By Product Type:
    • As a Whole
      • Steam or Fried
      • Raw
      • BBQ
    • As an Ingredient
      • Drinks
      • Insect Confectionery
      • Snack and Backed Products
      • Others
  • Global Edible Insects Market, By Insect Type:
    • Beetles
    • Caterpillars
    • Hymenoptera
    • Orthoptera
    • True Bugs
    • Others
  • Global Edible Insects Market, By Region:
    • North America
      • U.S.
        • By Product Type
          • As a Whole
            • Steam or Fried
            • Raw
            • BBQ
          • As an Ingredient
            • Drinks
            • Insect Confectionery
            • Snack and Backed Products
            • Others
        • By Insect Type
          • Beetles
          • Caterpillars
          • Hymenoptera
          • Orthoptera
          • True Bugs
          • Others
      • Canada
        • By Product Type
          • As a Whole
            • Steam or Fried
            • Raw
            • BBQ
          • As an Ingredient
            • Drinks
            • Insect Confectionery
            • Snack and Backed Products
            • Others
        • By Insect Type
          • Beetles
          • Caterpillars
          • Hymenoptera
          • Orthoptera
          • True Bugs
          • Others
    • Latin America
      • Brazil
        • By Product Type
          • As a Whole
            • Steam or Fried
            • Raw
            • BBQ
          • As an Ingredient
            • Drinks
            • Insect Confectionery
            • Snack and Backed Products
            • Others
        • By Insect Type
          • Beetles
          • Caterpillars
          • Hymenoptera
          • Orthoptera
          • True Bugs
          • Others
      • Mexico
        • By Product Type
          • As a Whole
            • Steam or Fried
            • Raw
            • BBQ
          • As an Ingredient
            • Drinks
            • Insect Confectionery
            • Snack and Backed Products
            • Others
        • By Insect Type
          • Beetles
          • Caterpillars
          • Hymenoptera
          • Orthoptera
          • True Bugs
          • Others
      • Rest of Latin America
        • By Product Type
          • As a Whole
            • Steam or Fried
            • Raw
            • BBQ
          • As an Ingredient
            • Drinks
            • Insect Confectionery
            • Snack and Backed Products
            • Others
        • By Insect Type
          • Beetles
          • Caterpillars
          • Hymenoptera
          • Orthoptera
          • True Bugs
          • Others
    • Europe
      • France
        • By Product Type
          • As a Whole
            • Steam or Fried
            • Raw
            • BBQ
          • As an Ingredient
            • Drinks
            • Insect Confectionery
            • Snack and Backed Products
            • Others
        • By Insect Type
          • Beetles
          • Caterpillars
          • Hymenoptera
          • Orthoptera
          • True Bugs
          • Others
      • Germany
        • By Product Type
          • As a Whole
            • Steam or Fried
            • Raw
            • BBQ
          • As an Ingredient
            • Drinks
            • Insect Confectionery
            • Snack and Backed Products
            • Others
        • By Insect Type
          • Beetles
          • Caterpillars
          • Hymenoptera
          • Orthoptera
          • True Bugs
          • Others
      • U.K.
        • By Product Type
          • As a Whole
            • Steam or Fried
            • Raw
            • BBQ
          • As an Ingredient
            • Drinks
            • Insect Confectionery
            • Snack and Backed Products
            • Others
        • By Insect Type
          • Beetles
          • Caterpillars
          • Hymenoptera
          • Orthoptera
          • True Bugs
          • Others
      • Russia
        • By Product Type
          • As a Whole
            • Steam or Fried
            • Raw
            • BBQ
          • As an Ingredient
            • Drinks
            • Insect Confectionery
            • Snack and Backed Products
            • Others
        • By Insect Type
          • Beetles
          • Caterpillars
          • Hymenoptera
          • Orthoptera
          • True Bugs
          • Others
      • Benelux
        • By Product Type
          • As a Whole
            • Steam or Fried
            • Raw
            • BBQ
          • As an Ingredient
            • Drinks
            • Insect Confectionery
            • Snack and Backed Products
            • Others
        • By Insect Type
          • Beetles
          • Caterpillars
          • Hymenoptera
          • Orthoptera
          • True Bugs
          • Others
      • Nordic
        • By Product Type
          • As a Whole
            • Steam or Fried
            • Raw
            • BBQ
          • As an Ingredient
            • Drinks
            • Insect Confectionery
            • Snack and Backed Products
            • Others
        • By Insect Type
          • Beetles
          • Caterpillars
          • Hymenoptera
          • Orthoptera
          • True Bugs
          • Others
      • Rest of Europe
        • By Product Type
          • As a Whole
            • Steam or Fried
            • Raw
            • BBQ
          • As an Ingredient
            • Drinks
            • Insect Confectionery
            • Snack and Backed Products
            • Others
        • By Insect Type
          • Beetles
          • Caterpillars
          • Hymenoptera
          • Orthoptera
          • True Bugs
          • Others
    • Asia Pacific
      • China
        • By Product Type
          • As a Whole
            • Steam or Fried
            • Raw
            • BBQ
          • As an Ingredient
            • Drinks
            • Insect Confectionery
            • Snack and Backed Products
            • Others
        • By Insect Type
          • Beetles
          • Caterpillars
          • Hymenoptera
          • Orthoptera
          • True Bugs
          • Others
      • Japan
        • By Product Type
          • As a Whole
            • Steam or Fried
            • Raw
            • BBQ
          • As an Ingredient
            • Drinks
            • Insect Confectionery
            • Snack and Backed Products
            • Others
        • By Insect Type
          • Beetles
          • Caterpillars
          • Hymenoptera
          • Orthoptera
          • True Bugs
          • Others
      • Australia & New Zealand
        • By Product Type
          • As a Whole
            • Steam or Fried
            • Raw
            • BBQ
          • As an Ingredient
            • Drinks
            • Insect Confectionery
            • Snack and Backed Products
            • Others
        • By Insect Type
          • Beetles
          • Caterpillars
          • Hymenoptera
          • Orthoptera
          • True Bugs
          • Others
      • India
        • By Product Type
          • As a Whole
            • Steam or Fried
            • Raw
            • BBQ
          • As an Ingredient
            • Drinks
            • Insect Confectionery
            • Snack and Backed Products
            • Others
        • By Insect Type
          • Beetles
          • Caterpillars
          • Hymenoptera
          • Orthoptera
          • True Bugs
          • Others
      • Rest of the Asia-pacific
        • By Product Type
          • As a Whole
            • Steam or Fried
            • Raw
            • BBQ
          • As an Ingredient
            • Drinks
            • Insect Confectionery
            • Snack and Backed Products
            • Others
        • By Insect Type
          • Beetles
          • Caterpillars
          • Hymenoptera
          • Orthoptera
          • True Bugs
          • Others
    • Middle East & Africa
      • GCC
        • By Product Type
          • As a Whole
            • Steam or Fried
            • Raw
            • BBQ
          • As an Ingredient
            • Drinks
            • Insect Confectionery
            • Snack and Backed Products
            • Others
        • By Insect Type
          • Beetles
          • Caterpillars
          • Hymenoptera
          • Orthoptera
          • True Bugs
          • Others
      • South Africa
        • By Product Type
          • As a Whole
            • Steam or Fried
            • Raw
            • BBQ
          • As an Ingredient
            • Drinks
            • Insect Confectionery
            • Snack and Backed Products
            • Others
        • By Insect Type
          • Beetles
          • Caterpillars
          • Hymenoptera
          • Orthoptera
          • True Bugs
          • Others
      • Rest of Middle East & Africa
        • By Product Type
          • As a Whole
            • Steam or Fried
            • Raw
            • BBQ
          • As an Ingredient
            • Drinks
            • Insect Confectionery
            • Snack and Backed Products
            • Others
        • By Insect Type
          • Beetles
          • Caterpillars
          • Hymenoptera
          • Orthoptera
          • True Bugs
          • Others
  • Company Profiles
    • Thailand Unique.*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Kreca
    • Nordic Insect Economy Ltd.
    • Entomo Farms
    • Enviro Flight, LLC
    • Proti-Farm
    • Exo Inc.
    • Entotech
    • Deli Bugs Ltd.
    • Eat Grub Ltd.

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By Insect Type
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Supply Side Drivers
        • Demand Side Drivers
        • Economic Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • PEST Analysis
      • PORTER’s Analysis
      • New Product Approvals/Launch
      • Promotion and Marketing Initiatives
  4. Global Edible Insects Market, By Product Type 2017 - 2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
      • Segment Trends
    • As a Whole
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
      • Sub-Segment Trends
        • Steam or Fried
        • Raw
        • BBQ
    • As an Ingredient
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
      • Sub-Segment Trends
        • Drinks
        • Insect Confectionery
        • Snack and Backed Products
        • Others
  5. Global Edible Insects Market, By Insect Type, 2017 - 2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
      • Segment Trends
    • Beetles
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million)
    • Caterpillars
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million)
    • Hymenoptera
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million)
    • Orthoptera
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million)
    • True Bugs
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million)
  6. Global Edible Insects Market, By Region, 2017- 2027 (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Region, 2020 - 2027
    • North America
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
        • U.S.
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Insect Type, 2017- 2027 (US$ Million)
        • Canada
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Insect Type, 2017- 2027 (US$ Million)
    • Latin America
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
        • Brazil
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Insect Type, 2017- 2027 (US$ Million)
        • Argentina
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Insect Type, 2017- 2027 (US$ Million)
        • Mexico
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Insect Type, 2017- 2027 (US$ Million)
        • Rest of Latin America
          • Sub-region/Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Insect Type, 2017- 2027 (US$ Million)
    • Europe
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
        • France
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Insect Type, 2017- 2027 (US$ Million)
        • Germany
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Insect Type, 2017- 2027 (US$ Million)
        • Italy
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Insect Type, 2017- 2027 (US$ Million)
        • Spain
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Insect Type, 2017- 2027 (US$ Million)
        • U.K.
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Insect Type, 2017- 2027 (US$ Million)
        • Nordic
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Insect Type, 2017- 2027 (US$ Million)
        • Benelux
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Insect Type, 2017- 2027 (US$ Million)
        • Russia
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Insect Type, 2017- 2027 (US$ Million)
        • Poland
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Insect Type, 2017- 2027 (US$ Million)
        • Rest of Europe
          • Sub-region/Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Insect Type, 2017- 2027 (US$ Million)
    • Asia Pacific
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
        • China
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Insect Type, 2017- 2027 (US$ Million)
        • India
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Insect Type, 2017- 2027 (US$ Million)
        • Japan
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Insect Type, 2017- 2027 (US$ Million)
        • Oceania
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Insect Type, 2017- 2027 (US$ Million)
        • ASEAN
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Insect Type, 2017- 2027 (US$ Million)
        • Rest of Asia Pacific
          • Sub-region/Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Insect Type, 2017- 2027 (US$ Million)
    • Middle East & Africa
      • Market Share Analysis, By Country/ Sub-region, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country/ Sub-region, 2020 - 2027
        • GCC
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Insect Type, 2017- 2027 (US$ Million)
        • South Africa
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Insect Type, 2017- 2027 (US$ Million)
        • Rest of Middle East & Africa
          • Sub-region/Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Insect Type, 2017- 2027 (US$ Million)
  7. Competitive Landscape
    • Market Share Analysis
    • Company Profiles
      • Thailand Unique.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Kreca
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Nordic Insect Economy Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Entomo Farms
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Enviro Flight, LLC
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Proti-Farm
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Exo Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Entotech
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Deli Bugs Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Eat Grub Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
    • References
    • Research Methodology
    • About us and Sales Contact

* Browse 45 market data tables* and 30 figures* on "Global Edible Insects Market” – global forecast to 2027

Frequently Asked Questions

The market for global edible insects is forecast to surpass US$ 8.5 Million by 2027 witnessing a CAGR of 6.7% between 2020 and 2027.
Low cost of investment as compared to other conventional livestock and easy availability coupled with the increasing production of edible insects is fuelling the growth of the 3D printing materials market in the region.
Growing cases of livestock disease are creating demand for edible insects and increasing demand for invertebrates for treating malnutrition are expected to favour market growth over the forecast period.
Lack of a legal blueprint for the consumption of edible insects coupled with the lack of distribution channel and human consumption of edible insects is still considered as a taboo is expected to hamper the growth the market during the forecast period.
Major players operating in the global edible insects market include BASF SA, DANONE, Kellogg’s, Arla Foods, Nestle SA, General Mills, and AMWAY Malaysia Holdings Bhd.
The global edible insects market was estimated to be valued around US$ 5.0 million in terms of revenue in 2019.
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