Edible Insects Market to Create Lucrative Opportunities for Existing Companies as Well as New Players

Edible insects have been a part of the human diet since a long time. Majority of scientific research has also proved that edible insects have contributed to the food, diet, ecosystem in the developed and developing countries. Companies are also focusing on the processing of insects into food and feed products. Also, consumption of insects is considered to be the most sustainable yet peculiar mode of meeting increasing food demand across the world. Adverse weather condition and limited land are also making cultivation of crops difficult, hence, companies are finding new ways to offer food products with enhanced taste and nutrient contents. Various research are also being conducted to identify nutritional value of insects. New processing and storage methodologies are also being established. Majority of the population in Asia and Africa consume various species of insects.

For In-Depth Competitive Analysis, Buy Now @ https://www.persistencemarketresearch.com/checkout/11491

Companies are also researching on all the insects as the source of vitamins, minerals, protein, and fat. New products are also being launched with insects as ingredients. However, the human trial of insect consumption is still being researched on, to identify insects that are suitable for human consumption.

As per the report by Persistence Market Research (PMR), the global market for edible insects is likely to witness strong growth during 2017-2024. Towards the end of 2024, the global edible insects market is estimated to bring in more than US$ 700 Million revenue.

Edible Insects as a Whole to Witness Highest Growth in the Global Market for Edible Insects

Based on the product type, edible insects as a whole to witness the highest growth during 2017-2024. By product type, edible insects as a whole including raw, steam, BBQ, fried are estimated to surpass US$ 400 Million in terms of value by the end of 2024. Meanwhile, edible insects are also consumed on a large scale as ingredients in snacks, baked products, and drinks.

On the basis of insects, beetles are likely to emerge as the highly consumed insects. By the end of the forecast period, beetles are projected to exceed US$ 200 Million revenue. The most commonly consumed beetles are june, long-horned, and dung.

Request for Sample Report: https://www.persistencemarketresearch.com/samples/11491

Asia Pacific to Lead the Global Edible Insects Market

Asia Pacific (APAC) is expected to lead the global market for edible insects. Asia Pacific has a long history of consuming insects as a food. In Thailand, insects have been a part of the normal diet. Moreover, some edible insects in Thailand are also sold as ingredients to be used in various dishes and to be consumed as snacks. The business of edible insects is flourishing in Asia Pacific as companies are supplying edible insects to supermarkets and small retailers. Similarly, in China, the business of edible insects is also gaining a lot of traction.

Key Companies in the Global Market for Edible Insects

  • Thailand Unique
  • Kreca Ento-Food BV
  • Nordic Insect Economy Ltd.
  • Entomo Farms Ltd.
  • Enviro Flight,LLC
  • Proti-Farm
  • Exo Inc.
  • Deli Bugs Ltd.
  • Eat Grub Ltd.

Request for methodology: https://www.persistencemarketresearch.com/methodology/11491

About us:

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Our client success stories feature a range of clients from Fortune 500 companies to fast-growing start-ups. PMR’s collaborative environment is committed to building industry-specific solutions by transforming data from multiple streams into a strategic asset.

Contact us:

Jayprakash Sharma

Persistence Market Research

Address – 305 Broadway, 7th Floor New York City,

NY 10007 United States

U.S. Ph. – +1-646-568-7751

USA-Canada Toll-free – +1 800-961-0353

Sales – sales@persistencemarketresearch.com

Website – https://www.persistencemarketresearch.com

Recommended For You

About the Author: yogesh sengar

Leave a Reply

Your email address will not be published. Required fields are marked *