Edible Insects Market
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Edible Insects Market Overview
The report is titled as' ‘Edible Insects Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the edible insects market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The edible insects market is expected to grow at a significant rate in the near future.
The global edible insects market is estimated to reach at a value of US$ 669.7 Mn by the end of 2020 and expected to reach at a value of US$ 2,519.8 Mn by 2028 with a significant CAGR of 18.0%
Edible Insects Introduction
Insects in the form of food or edible insects are primarily class of insects served as human foodstuff. The edible insects are used in both ways, for instance, as a whole or in the form of ingredient in processed food items such as pasta, patties, burgers or other snacks.
Edible insects are by and large collected from the wild, in certain instances via semi-cultivation, which is the approach of amending natural habitats to improve the quantity and/or quality of gathered insects.
Edible Insects Market Dynamics
Insects are habitually believed to be a nuisance or matter of inconvenience to the humankind and are considered useful for mere pests for animals and crops. Despite that, this is far off the mark.
Insects allow food at decreased environmental cost, as well as it bestow categorically to means of subsistence, and ultimately represent a crucial role in nature. On top of that, it is universally acknowledged that the world will be hosting 9 billion people by the year 2050. To conform this count, the ongoing food production surely needs to nearly double. In the future, there is a sheer need of re-evaluation of how and what we produce and what we eat.
The food wastage needs to be reduced and inefficiencies should necessarily be rectified. Such factors are playing a major role in driving the idea of edible insects across the world, owing to which the global edible insects market is projected to rise substantially in the future years.
In addition to that, the newer alternatives to explore and rising degree of health consciousness among the population is further positive fueling the growth in the demand of edible insects in the market, as the edible insects are considered rich in protein and beneficial for overall well-being of humans.
Edible Insects Market Segmentation
The global edible insects market is segmented on the basis of insect type, product type and regions. On the basis of insect type, the edible insects market is segmented into beetles, caterpillars, hymenoptera, orthoptera, true bugs, orthoptera and others. On the basis of product type, the market is categorized into as a whole or as an ingredient. Further, as a whole segment of the edible insects market is bifurcated into steam or fried, raw or BBQ. Furthermore, as an ingredient segment is divided into drinks, insect confectionery, snacks and baked products, and others.
The research report classifies the global edible insects market based on insect type, product type and regions.
By Insect Type
Beetles
Caterpillars
Hymenoptera
Orthoptera
Others
By Product Type
As a whole
Steam or fried
Raw
BBQ
An an ingredient
Drinks
Insect Confectionery
Snacks and baked products
Others
By Region
North America
Latin America
Africa
Europe
Asia Pacific
Middle East
Edible Insects Market Key Players
The global edible insects market is dominated by Thailand Unique, Kreca Ento-Food BV, Nordic Insect Economy Ltd., Entomo Farms Ltd., Enviro Flight, LLC, Proti-Farm, Exo Inc., ENTOTECH, Deli Bugs Ltd., and Eat Grub Ltd., among others.
MMC Overview on Edible Insects Market Report
The non-identical approach of Reports and Insights stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give a better opportunity for the customers to put their effort.
A research report on the edible insects market by Reports and Insights is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. It provides a brief view of the dynamics flowing through the market, which includes the factors that support the market and the factors that are acting as impedance for the growth of the market.
Furthermore, the report includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyze the potential of the market.
Factors that are benchmarked while estimating the market
Various factors that are benchmarked while estimating the market growth includes (but not restricted to):
New product designs and launches
Current product compliance
Reimbursement
Concerns for use of edible insects
Advantages of edible insects
Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to make informed decisions.
A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s products sales, previous growth rates and market expansion plans are considered to generate market share in the global market
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1. Global Edible Insects Market Report Overview
1.1. Introduction
1.2. Report Description
1.3. Methodology
2. Global Edible Insects Market Overview
2.1. Introduction
2.1.1. Introduction
2.1.2. Market Taxonomy
2.2. Executive Summary
2.3. Why Insects?
2.4. Farming Overview
2.4.1. Breeding Containers Techniques
2.4.2. Production Cost
2.4.3. Product and Marketing Network of Edible Insects
2.5. Global Edible Insects Market Snapshot
2.6. Global Edible Insects Market Size And Forecast, 2020–2028
2.6.1. Introduction
2.6.2. Market Value Forecast And Annual Growth Rate (AGR) Comparison (2020–2028)
2.7. Global Edible Insects Market Dynamics
2.7.1. Drivers
2.7.2. Restraints
2.7.3. Opportunity
2.7.4. Trends
2.8. Porter’s Five Forces Model
2.9. SWOT Analysis
3. Edible Insects Assessment and Analysis
3.1. Impact Analysis
3.2. Actions to encourage use of Edible Insects Market
3.3. Recommendation
3.4. Road Map Analysis
3.5. GAP Analysis
3.6. Potential Analysis
4. Global Edible Insects Market, By Insects
4.1. Introduction
4.1.1. Annual Growth Rate Comparison, By Insects
4.1.2. BPS Analysis, By Insects
4.2. Market Revenue (US$Mn) and Forecast, By Insects
4.2.1. Beetles
4.2.2. Caterpillar
4.2.3. Hymenoptera
4.2.4. Orthoptera
4.2.5. True Bugs
4.2.6. Others
4.3. Global Edible Insects Market Attractiveness Index, By Insects
5. Global Edible Insects Market, By Product Type
5.1. Introduction
5.1.1. Annual Growth Rate Comparison, By Product Type
5.1.2. BPS Analysis, By Product Type
5.2. Market Revenue (US$Mn) and Forecast, By Product Type
5.2.1. As a Whole
5.2.1.1. Steam or Fried
5.2.1.2. Raw
5.2.1.3. BBQ
5.2.2. As an Ingredient
5.2.2.1. Drinks
5.2.2.2. Insect Confectionery
5.2.2.3. Snacks and Backed Products
5.2.2.4. Others
5.3. Global Edible Insects Market Attractiveness Index, By Product Type
6. Global Edible Insects Market, By Region
6.1. Introduction
6.1.1. Annual Growth Rate Comparison, By Region
6.1.2. BPS Analysis, By Region
6.2. Market Revenue (US$Mn) and Forecast, By Region
6.2.1. North America
6.2.2. Latin America
6.2.3. Europe
6.2.4. Asia Pacific
6.2.5. Middle East
6.2.6. Africa
6.3. Global Edible Insects Market Attractiveness Index, By Region
7. North America Edible Insects Market Analysis and Forecast, 2020–2028
7.1. Introduction
7.1.1. Annual Growth Rate Comparison, By Country
7.1.2. BPS Analysis, By Country
7.2. Market Revenue (US$Mn) and Forecast, By Country
7.2.1. U.S. Edible Insects Market
7.2.2. Canada Edible Insects Market
7.3. North America Edible Insects Market, By Insects
7.3.1. Beetles
7.3.2. Caterpillar
7.3.3. Hymenoptera
7.3.4. Orthoptera
7.3.5. True Bugs
7.3.6. Others
7.4. North America Edible Insects Market Revenue (US$Mn) and Forecast, By Product Type
7.4.1. As a Whole
7.4.1.1. Steam or Fried
7.4.1.2. Raw
7.4.1.3. BBQ
7.4.2. As an Ingredient
7.4.2.1. Drinks
7.4.2.2. Insect Confectionery
7.4.2.3. Snacks and Backed Products
7.4.2.4. Others
7.5. North America Edible Insects Market Attractiveness Index
7.5.1. By Country
7.5.2. By Insects
7.5.3. By Product Type
8. Latin America Edible Insects Market Analysis and Forecast, 2020–2028
8.1. Introduction
8.1.1. Annual Growth Rate Comparison, By Country
8.1.2. BPS Analysis, By Country
8.2. Market (US$Mn) Forecast, By Country
8.2.1. Brazil Edible Insects Market
8.2.2. Mexico Edible Insects Market
8.2.3. Rest Of Latin America Edible Insects Market
8.3. Latin America Edible Insects Market, By Insects
8.3.1. Beetles
8.3.2. Caterpillar
8.3.3. Hymenoptera
8.3.4. Orthoptera
8.3.5. True Bugs
8.3.6. Others
8.4. Latin America Edible Insects Market Revenue (US$Mn) and Forecast, By Product Type
8.4.1. As a Whole
8.4.1.1. Steam or Fried
8.4.1.2. Raw
8.4.1.3. BBQ
8.4.2. As an Ingredient
8.4.2.1. Drinks
8.4.2.2. Insect Confectionery
8.4.2.3. Snacks and Backed Products
8.4.2.4. Others
8.5. Latin America Edible Insects Market Attractiveness Index
8.5.1. By Country
8.5.2. By Insects
8.5.3. By Product Type
9. Europe Edible Insects Market Analysis and Forecast, 2020–2028
9.1. Introduction
9.1.1. Annual Growth Rate Comparison, By Country
9.1.2. BPS Analysis, By Country
9.2. Market (US$Mn) Forecast, By Country
9.2.1. U.K. Edible Insects Market
9.2.2. Germany Edible Insects Market
9.2.3. Italy Edible Insects Market
9.2.4. France Edible Insects Market
9.2.5. Spain Edible Insects Market
9.2.6. Russia Edible Insects Market
9.2.7. Poland Edible Insects Market
9.2.8. BENELUX Edible Insects Market
9.2.9. NORDIC Edible Insects Market
9.2.10. Rest Of Europe Edible Insects Market
9.3. Europe Edible Insects Market, By Insects
9.3.1. Beetles
9.3.2. Caterpillar
9.3.3. Hymenoptera
9.3.4. Orthoptera
9.3.5. True Bugs
9.3.6. Others
9.4. Europe Edible Insects Market Revenue (US$Mn) and Forecast, By Product Type
9.4.1. As a Whole
9.4.1.1. Steam or Fried
9.4.1.2. Raw
9.4.1.3. BBQ
9.4.2. As an Ingredient
9.4.2.1. Drinks
9.4.2.2. Insect Confectionery
9.4.2.3. Snacks and Backed Products
9.4.2.4. Others
9.5. Europe Edible Insects Market Attractiveness Index
9.5.1. By Country
9.5.2. By Insects
9.5.3. By Product Type
10. Asia Pacific Edible Insects Market Analysis and Forecast, 2020–2028
10.1. Introduction
10.1.1. Annual Growth Rate Comparison, By Country
10.1.2. BPS Analysis, By Country
10.2. Market (US$Mn) Forecast, By Country
10.2.1. China Edible Insects Market
10.2.2. India Edible Insects Market
10.2.3. Japan Edible Insects Market
10.2.4. Australia and New Zealand Edible Insects Market
10.2.5. South Korea Edible Insects Market
10.2.6. Rest of Asia Pacific Edible Insects Market
10.3. Asia Pacific Edible Insects Market, By Insects
10.3.1. Beetles
10.3.2. Caterpillar
10.3.3. Hymenoptera
10.3.4. Orthoptera
10.3.5. True Bugs
10.3.6. Others
10.4. Asia Pacific Edible Insects Market Revenue (US$Mn) and Forecast, By Product Type
10.4.1. As a Whole
10.4.1.1. Steam or Fried
10.4.1.2. Raw
10.4.1.3. BBQ
10.4.2. As an Ingredient
10.4.2.1. Drinks
10.4.2.2. Insect Confectionery
10.4.2.3. Snacks and Backed Products
10.4.2.4. Others
10.5. Asia Pacific Edible Insects Market Attractiveness Index
10.5.1. By Country
10.5.2. By Insects
10.5.3. By Product Type
11. Middle East Edible Insects Market Analysis and Forecast, 2020–2028
11.1. Introduction
11.1.1. Annual Growth Rate Comparison, By Country
11.1.2. BPS Analysis, By Country
11.2. Market (US$Mn) Forecast, By Country
11.2.1. GCC Countries Edible Insects Market
11.2.2. Israel Edible Insects Market
11.2.3. Rest Of Middle East Edible Insects Market
11.3. Middle East Edible Insects Market, By Insects
11.3.1. Beetles
11.3.2. Caterpillar
11.3.3. Hymenoptera
11.3.4. Orthoptera
11.3.5. True Bugs
11.3.6. Others
11.4. Middle East Edible Insects Market Revenue (US$Mn) and Forecast, By Product Type
11.4.1. As a Whole
11.4.1.1. Steam or Fried
11.4.1.2. Raw
11.4.1.3. BBQ
11.4.2. As an Ingredient
11.4.2.1. Drinks
11.4.2.2. Insect Confectionery
11.4.2.3. Snacks and Backed Products
11.4.2.4. Others
11.5. Middle East Edible Insects Market Attractiveness Index
11.5.1. By Country
11.5.2. By Insects
11.5.3. By Product Type
12. Africa Edible Insects Market Analysis and Forecast, 2020–2028
12.1. Introduction
12.1.1. Annual Growth Rate Comparison, By Country
12.1.2. BPS Analysis, By Country
12.2. Market (US$Mn) Forecast, By Country
12.2.1. South Africa Countries Edible Insects Market
12.2.2. Egypt Edible Insects Market
12.2.3. North Africa Edible Insects Market
12.2.4. Rest of Africa Edible Insects Market
12.3. Africa Edible Insects Market, By Insects
12.3.1. Beetles
12.3.2. Caterpillar
12.3.3. Hymenoptera
12.3.4. Orthoptera
12.3.5. True Bugs
12.3.6. Others
12.4. Africa Edible Insects Market Revenue (US$Mn) and Forecast, By Product Type
12.4.1. As a Whole
12.4.1.1. Steam or Fried
12.4.1.2. Raw
12.4.1.3. BBQ
12.4.2. As an Ingredient
12.4.2.1. Drinks
12.4.2.2. Insect Confectionery
12.4.2.3. Snacks and Backed Products
12.4.2.4. Others
12.5. Africa Edible Insects Market Attractiveness Index
12.5.1. By Country
12.5.2. By Insects
12.5.3. By Product Type
13. Competitive Landscape
13.1. Competition Dashboard
13.2. Company Profiles
13.2.1. Thailand Unique
13.2.1.1. Company Overview
13.2.1.2. Financial Overview
13.2.1.3. Key Developments
13.2.1.4. Strategies
13.2.1.5. Product Analysis
13.2.2. Kreca Ento-Food BV
13.2.3. Nordic Insect Economy Ltd.
13.2.4. Entomo Farms Ltd.
13.2.5. Enviro Flight,LLC
13.2.6. Proti-Farm
13.2.7. Exo Inc.
13.2.8. ENTOTECH
13.2.9. Deli Bugs Ltd.
13.2.10. Eat Grub Ltd.
14. Acronyms
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Frequently Asked Questions
The global edible insects market is estimated to reach at a value of US$ 669.7 Mn by the end of 2020 and expected to reach at a value of US$ 2,519.8 Mn by 2028 with a significant CAGR of 18.0%
The newer alternatives to explore and rising degree of health consciousness among the population is further positive fueling the growth in the demand of edible insects
The research report classifies the global edible insects market based on insect type, product type and regions
The global edible insects market is dominated by Thailand Unique, Kreca Ento-Food BV, Nordic Insect Economy Ltd., Entomo Farms Ltd., Enviro Flight, LLC, Proti-Farm, Exo Inc., ENTOTECH, Deli Bugs Ltd., and Eat Grub Ltd.