Edible Insects Market by Product (Cricket, Beetles, Caterpillar), Application (Protein Bars, Powder), Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2020 to 2027

  • Publish Date: Aug, 2020
  • Report ID: 418726
  • Category: Food & Beverages
  • Pages: 228
$4700

The global edible insects market is expected to grow from USD 0.49 billion in 2019 to USD 2.06 billion by 2027, at a CAGR of 19.7% during the forecast period 2020-2027.

Insects are used as a source of food due to a rise in the population and an increased requirement for animal-based food. Production of insects generates minimum ecological footprint and the consumption pattern is dependent upon culture of the people. The edible insects market is driven by change in preferences to explore new options, awareness regarding nutritional benefits and a rise in the health consciousness among new generation. Consumers who are more focused on work out are generating higher demands as insects are rich in protein. Decreased seafood as countries are imposing restrictions on fishing as well as increase in the insect farming as it involves minimal investment, are contributing to the growth of the market. Moreover, minimal cost for farming, high nutritional benefits and low costs are driving the growth of the market.

This study delivers a comprehensive analysis of products, applications and regions. The product segment includes cricket, beetles and caterpillar. Cricket segment is expected to show a significant growth over the forecast period. High protein content, low cost and easy availability are contributing to the growth of the market. Hence, it is beneficial to utilize it as an alternative protein supplement. It is a sustainable source as it requires less water, low production cost and minimal emission during production. The application segment includes protein bars and powder. Powder segment has the highest growth in the market. Easy availability and a broad range of applications of the powder form are majorly contributing to the growth of the market. It is used as a flour and can be used by mixing it with cheese and pizza to improve its taste. Gluten free characteristic of cricket flour is generating higher demand for the market.

The market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Middle East and Africa is expected to have a significant share in the market over the forecast period. Increased consumption in emerging countries are expected to boost the growth of the market.

Some of the notable players in the edible insects market are Proti-Farm Company, Haocheng Mealworm Inc, Ynsect, Hargol Foodtech, All Things Bugs, LLC, Beta Hatch, Nordic Insect Economy, Coalo Vally Farms, Cowboy Cricket Farms, Jr Unique Foods Ltd., The Cricket Lab, Kreca Ento-Food, Entomo Farms, Deli Bugs Ltd., Tiny Farms, Rocky Mountain Micro Ranch, Global Bugs Asia Co., Ltd., Agriprotein, Entocube, Aspire Food Group and Armstrong Cricket Farm Georgia. Sainsbury launched first supermarket in UK to sell a broad range of edible insect products. Company has partnered with Eat Grub in order to deliver smoky BBQ flavored roasted crickets which results into increased market shares. Market has low entry barriers for new entrants due to low production cost and lack of proper regulations.  

This study forecasts revenue growth at global, regional, and country levels from 2020 to 2027. Fior Markets has segmented the market based on below-mentioned segments:

Global Edible Insects Market Analysis And Forecast, By Product

  • Cricket
  • Beetles
  • Caterpillar

Global Edible Insects Market Analysis And Forecast, By Application

  • Protein Bars
  • Powder

Global Edible Insects Market Analysis And Forecast, By Regional Analysis

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • Sweden
    • Netherland
    • U.K.
    • Italy
    • Spain
    • Turkey
    • Switzerland
    • Belgium
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • South Korea
    • Australia
    • Singapore
    • Malaysia
    • Thailand
    • Indonesia
    • Philippines
    • Rest of APAC
  • South America
    • Brazil
    • Argentina
    • Peru
    • Colombia
    • Rest of South America
  • Middle East And Africa
    •  UAE
    •  Saudi Arabia
    •  Egypt
    •  Nigeria
    •  South Africa
    • Rest of MEA

Report Description:

  • The base year for the study has been considered 2019, historic year 2017 and 2018, the forecast period considered is from 2020 to 2027.
  • The study delivers a comprehensive analysis of global market for all segments and region.
  • The report offers in-depth analysis of driving factors, opportunities and restraints for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2020 to 2027.
  • Porter’s Five Forces model is used in order to recognize the competitive scenario in the market. This report incorporates the industry analysis which is focused on providing an extensive view of the market.
  • The study also includes attractiveness analysis of all segments and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunist for understanding the future growth of the market.
  • The report provides company profile of the key players operating in the market and a comparative analysis based on their business overviews, product offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
  • The market estimates have been evaluated by considering the effect of different political, economic, social, technological and legal factors which are based on our extensive secondary research, primary research, and in-house databases.
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1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis By Product
          4.3.2. Market Attractiveness Analysis By Application
          4.3.3. Market Attractiveness Analysis By Region
    4.4. Industry Trends
5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. Minimal cost for farming
          5.2.2. High nutritional benefits
    5.3. Restraints
          5.3.1. Limited technology and lack of knowledge
    5.4. Opportunities
          5.4.1. Decreasing food neophobia
6. Global Edible Insects Market Analysis and Forecast, By Product
    6.1. Segment Overview
    6.2. Cricket
    6.3. Beetles
    6.4. Caterpillar
7. Global Edible Insects Market Analysis and Forecast, By Application
    7.1. Segment Overview
    7.2. Protein Bars
    7.3. Powder
8. Global Edible Insects Market Analysis and Forecast, By Regional Analysis
    8.1. Segment Overview
    8.2. North America
          8.2.1. U.S.
          8.2.2. Canada
          8.2.3. Mexico
    8.3. Europe
          8.3.1. Germany
          8.3.2. France
          8.3.3. U.K.
          8.3.4. Italy
          8.3.5. Spain
    8.4. Asia-Pacific
          8.4.1. Japan
          8.4.2. China
          8.4.3. India
    8.5. South America
          8.5.1. Brazil
    8.6. Middle East and Africa
          8.6.1. UAE
          8.6.2. South Africa
9. Global Edible Insects Market-Competitive Landscape
    9.1. Overview
    9.2. Market Share of Key Players in Global Edible Insects Market
          9.2.1. Global Company Market Share
          9.2.2. North America Company Market Share
          9.2.3. Europe Company Market Share
          9.2.4. APAC Company Market Share
    9.3. Competitive Situations and Trends
          9.3.1. Material Launches and Developments
          9.3.2. Partnerships, Collaborations, and Agreements
          9.3.3. Mergers & Acquisitions
          9.3.4. Expansions
10. Company Profiles
    10.1. Proti-Farm Company
          10.1.1. Business Overview
          10.1.2. Company Snapshot
          10.1.3. Company Market Share Analysis
          10.1.4. Company Product Portfolio
          10.1.5. Recent Developments
          10.1.6. SWOT Analysis
    10.2. Haocheng Mealworm Inc.
          10.2.1. Business Overview
          10.2.2. Company Snapshot
          10.2.3. Company Market Share Analysis
          10.2.4. Company Product Portfolio
          10.2.5. Recent Developments
          10.2.6. SWOT Analysis
    10.3. Hargol Foodtech
          10.3.1. Business Overview
          10.3.2. Company Snapshot
          10.3.3. Company Market Share Analysis
          10.3.4. Company Product Portfolio
          10.3.5. Recent Developments
          10.3.6. SWOT Analysis
    10.4. All Things Bugs LLC
          10.4.1. Business Overview
          10.4.2. Company Snapshot
          10.4.3. Company Market Share Analysis
          10.4.4. Company Product Portfolio
          10.4.5. Recent Developments
          10.4.6. SWOT Analysis
    10.5. Beta Hatch
          10.5.1. Business Overview
          10.5.2. Company Snapshot
          10.5.3. Company Market Share Analysis
          10.5.4. Company Product Portfolio
          10.5.5. Recent Developments
          10.5.6. SWOT Analysis
    10.6. Nordic Insect Economy
          10.6.1. Business Overview
          10.6.2. Company Snapshot
          10.6.3. Company Market Share Analysis
          10.6.4. Company Product Portfolio
          10.6.5. Recent Developments
          10.6.6. SWOT Analysis
    10.7. Coalo Vally Farms
          10.7.1. Business Overview
          10.7.2. Company Snapshot
          10.7.3. Company Market Share Analysis
          10.7.4. Company Product Portfolio
          10.7.5. Recent Developments
          10.7.6. SWOT Analysis
    10.8. Cowboy Cricket Farms
          10.8.1. Business Overview
          10.8.2. Company Snapshot
          10.8.3. Company Market Share Analysis
          10.8.4. Company Product Portfolio
          10.8.5. Recent Developments
          10.8.6. SWOT Analysis
    10.9. Jr. Unique Foods Ltd.
          10.9.1. Business Overview
          10.9.2. Company Snapshot
          10.9.3. Company Market Share Analysis
          10.9.4. Company Product Portfolio
          10.9.5. Recent Developments
          10.9.6. SWOT Analysis
    10.10. The Cricket Lab
          10.10.1. Business Overview
          10.10.2. Company Snapshot
          10.10.3. Company Market Share Analysis
          10.10.4. Company Product Portfolio
          10.10.5. Recent Developments
          10.10.6. SWOT Analysis
    10.11. Kreca Ento-Food
          10.11.1. Business Overview
          10.11.2. Company Snapshot
          10.11.3. Company Market Share Analysis
          10.11.4. Company Product Portfolio
          10.11.5. Recent Developments
          10.11.6. SWOT Analysis
    10.12. Entorno Farms
          10.12.1. Business Overview
          10.12.2. Company Snapshot
          10.12.3. Company Market Share Analysis
          10.12.4. Company Product Portfolio
          10.12.5. Recent Developments
          10.12.6. SWOT Analysis
    10.13. Deli Bugs Ltd.
          10.13.1. Business Overview
          10.13.2. Company Snapshot
          10.13.3. Company Market Share Analysis
          10.13.4. Company Product Portfolio
          10.13.5. Recent Developments
          10.13.6. SWOT Analysis
    10.14. Tiny Farms
          10.14.1. Business Overview
          10.14.2. Company Snapshot
          10.14.3. Company Market Share Analysis
          10.14.4. Company Product Portfolio
          10.14.5. Recent Developments
          10.14.6. SWOT Analysis
    10.15. Rocky Mountain Micro Ranch
          10.15.1. Business Overview
          10.15.2. Company Snapshot
          10.15.3. Company Market Share Analysis
          10.15.4. Company Product Portfolio
          10.15.5. Recent Developments
          10.15.6. SWOT Analysis
    10.16. Global Bugs Asia Co.
          10.16.1. Business Overview
          10.16.2. Company Snapshot
          10.16.3. Company Market Share Analysis
          10.16.4. Company Product Portfolio
          10.16.5. Recent Developments
          10.16.6. SWOT Analysis
    10.17. Agriprotein
          10.17.1. Business Overview
          10.17.2. Company Snapshot
          10.17.3. Company Market Share Analysis
          10.17.4. Company Product Portfolio
          10.17.5. Recent Developments
          10.17.6. SWOT Analysis
    10.18. Entocube
          10.18.1. Business Overview
          10.18.2. Company Snapshot
          10.18.3. Company Market Share Analysis
          10.18.4. Company Product Portfolio
          10.18.5. Recent Developments
          10.18.6. SWOT Analysis
    10.19. Aspire Food Group
          10.19.1. Business Overview
          10.19.2. Company Snapshot
          10.19.3. Company Market Share Analysis
          10.19.4. Company Product Portfolio
          10.19.5. Recent Developments
          10.19.6. SWOT Analysis
    10.20. Armstrong Cricket Farn Georgia
          10.20.1. Business Overview
          10.20.2. Company Snapshot
          10.20.3. Company Market Share Analysis
          10.20.4. Company Product Portfolio
          10.20.5. Recent Developments
          10.20.6. SWOT Analysis

List of Table

1. Global Edible Insects Market, By Product, 2019-2027 (USD Billion)

2. Global Cricket, Edible Insects Market, By Region, 2019-2027 (USD Billion)

3. Global Beetles, Edible Insects Market, By Region, 2019-2027 (USD Billion) 

4. Global Caterpillar, Edible Insects Market, By Region, 2019-2027 (USD Billion)

5. Global Edible Insects Market, By Application, 2019-2027 (USD Billion)

6. Global Protein Bars, Edible Insects Market, By Region, 2019-2027 (USD Billion)

7. Global Powder, Edible Insects Market, By Region, 2019-2027 (USD Billion) 

8. North America Edible Insects Market, By Product, 2019-2027 (USD Billion)

9. North America Edible Insects Market, By Application, 2019-2027 (USD Billion)

10. U.S. Edible Insects Market, By Product, 2019-2027 (USD Billion) 

11. U.S. Edible Insects Market, By Application, 2019-2027 (USD Billion)

12. Canada Edible Insects Market, By Product, 2019-2027 (USD Billion)

13. Canada Edible Insects Market, By Application, 2019-2027 (USD Billion)

14. Mexico Edible Insects Market, By Product, 2019-2027 (USD Billion)

15. Mexico Edible Insects Market, By Application, 2019-2027 (USD Billion)

16. Europe Edible Insects Market, By Product, 2019-2027 (USD Billion)

17. Europe Edible Insects Market, By Application, 2019-2027 (USD Billion)

18. Germany Edible Insects Market, By Product, 2019-2027 (USD Billion)

19. Germany Edible Insects Market, By Application, 2019-2027 (USD Billion)

20. France Edible Insects Market, By Product, 2019-2027 (USD Billion)

21. France Edible Insects Market, By Application, 2019-2027 (USD Billion)

22. U.K. Edible Insects Market, By Product, 2019-2027 (USD Billion)

23. U.K. Edible Insects Market, By Application, 2019-2027 (USD Billion)

24. Italy Edible Insects Market, By Product, 2019-2027 (USD Billion)

25. Italy Edible Insects Market, By Application, 2019-2027 (USD Billion)

26. Spain Edible Insects Market, By Product, 2019-2027 (USD Billion)

27. Spain Edible Insects Market, By Application, 2019-2027 (USD Billion)

28. Asia Pacific Edible Insects Market, By Product, 2019-2027 (USD Billion)

29. Asia Pacific Edible Insects Market, By Application, 2019-2027 (USD Billion)

30. Japan Edible Insects Market, By Product, 2019-2027 (USD Billion)

31. Japan Edible Insects Market, By Application, 2019-2027 (USD Billion)

32. China Edible Insects Market, By Product, 2019-2027 (USD Billion)

33. China Edible Insects Market, By Application, 2019-2027 (USD Billion)

34. India Edible Insects Market, By Product, 2019-2027 (USD Billion)

35. India Edible Insects Market, By Application, 2019-2027 (USD Billion)

36. South America Edible Insects Market, By Product, 2019-2027 (USD Billion)

37. South America Edible Insects Market, By Application, 2019-2027 (USD Billion)

38. Brazil Edible Insects Market, By Product, 2019-2027 (USD Billion)

39. Brazil Edible Insects Market, By Application, 2019-2027 (USD Billion)

40. Middle East and Africa Edible Insects Market, By Product, 2019-2027 (USD Billion)

41. Middle East and Africa Edible Insects Market, By Application, 2019-2027 (USD Billion)

42. UAE Edible Insects Market, By Product, 2019-2027 (USD Billion)

43. UAE Edible Insects Market, By Application, 2019-2027 (USD Billion)

44. South Africa Edible Insects Market, By Product, 2019-2027 (USD Billion)

45. South Africa Edible Insects Market, By Application, 2019-2027 (USD Billion)

List of Figures 

1. Global Edible Insects Market Segmentation

2. Global Edible Insects Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global Edible Insects Market Attractiveness Analysis By Product

9. Global Edible Insects Market Attractiveness Analysis By Application

10. Global Edible Insects Market Attractiveness Analysis By Region

11. Global Edible Insects Market: Dynamics

12. Global Edible Insects Market Share by Product(2020 & 2027)

13. Global Edible Insects Market Share by Application(2020 & 2027)

14. Global Edible Insects Market Share by Regions (2020 & 2027)

15. Global Edible Insects Market Share by Company (2019)

Research Methodology

Market research is a method of gathering, assessing and deducing data & information about a particular market. Market research is very crucial in these days. The techniques analyze about how a product/service can be offered to the market to its end-customers, observe the impact of that product/service based on the past customer experiences, and cater their needs and demands. Owing to the successful business ventures, accurate, relevant and thorough information is the base for all the organizations because market research report/study offers specific market related data & information about the industry growth prospects, perspective of the existing customers, and the overall market scenario prevailed in past, ongoing present and developing future. It allows the stakeholders and investors to determine the probability of a business before committing substantial resources to the venture. Market research helps in solving the marketing issues challenges that a business will most likely face.

Market research is valuable because of the following reasons:

  • Market research helps businesses strengthen a company’s position
  • Market research helps in minimizing the investment risks associated with the businesses in any industry vertical
  • Market research helps in identifying the potential threats and opportunities associated with the business industry
  • Market research aids in spotting the emerging trends and facilitates strategic planning in order to stay ahead in the competition

Our research report features both the aspects; qualitative and quantitative. Qualitative part provides insights about the market driving forces, potential opportunities, customer’s demands and requirement which in turn help the companies to come up with new strategies in order to survive in the long run competition. The quantitative segment offers the most credible information related to the industry. Based on the data gathering, we use to derive the market size and estimate their future growth prospects on the basis of global, region and country.

Our market research process involves with the four specific stages.

  • Data Collection
  • Data Synthesis
  • Market Deduction & Formulation
  • Data Screening & Validation

Data Collection: This stage of the market research process involves with the gathering and collecting of the market/industry related data from the sources. There are basically two types of research methods:

  • Primary Research: By conducting primary research, it involves with the two types of data gathering; exploratory and specific. Exploratory data is open-ended and helps us to define a particular problem involving surveys, and pilot study to the specific consumer group, knowing their needs and wants catering to the industry related product/service offering. Explanatory data gathering follows with the bit of unstructured way. Our analyst group leads the study by focusing on the key crowd, in this manner picking up bits of knowledge from them. In light of the points of view of the clients, this data is used to plan advertise techniques. In addition, showcase overviews causes us to comprehend the current scenario of the business. Specific data gathering on the hand, involves with the more structured and formal way. The primary research usually includes in telephonic conversations, E-mail collaborations and up close and personal meetings/interviews with the raw material suppliers, industrial wholesalers, and independent consultants/specialists. The interviews that we conduct offers important information on showcase size and industry development patterns. Our company likewise conducts interviews with the different business specialists so as to increase generally bits of knowledge of the business/showcase.
  • Secondary Research: The secondary research incorporates with the data gathering from the non-profit associations and organizations, for example, World bank, WHO, investor relations and their presentations, statistical databases, yearly(annual reports) reports, national government records, factual databases, websites, articles, white papers, press releases, blogs and others. From the annual report, we deduce an organization's income/revenue generation to comprehend the key product segment related to the market. We examine the organization sites and implement product mapping strategy which is significant for determining the segment revenue. In the product mapping technique, we choose and categorize the products offered by the companies catering to the industry specific market, derive the segment revenue for each of the organizations to get the market estimation. We also gather data & Information based on the supply and demand side of the value chain involved with the domain specific market. The supply side denotes the distributors, wholesalers, suppliers and the demand side denotes the end-consumers/customers of the value chain. The supply side of the market is analyzed by examining the product growth across industry in each of the region followed by its pricing analysis. The demand side is analyzed by the evaluating the penetration level and adoption rates of the product by referring to the historical/past data, examine the present usage and forecasting the future trends. 
  • Purchased Database: Our purchased data provides insights about the key market players/companies along with their financial analysis. Additionally, our data base also includes market related information. 
    • We also have the agreements with various reputed data providers, consultants and third party vendors who provide information which are not limited to:
      • Export & Import Data
      • Business Information related to trade and its statistics
      • Penetration level of a particular product/service based on geography mainly focusing on the unmet prerequisites of the customers.
  • In-house Library: Apart from these third-party sources, we have our in-house library of quantitative and qualitative data & information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, internal audit reports, historic databases, archives and journal publications. Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those particular cases, we utilize our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopts a robust research technique in order to deduce the market size and its estimates:
  • Examining demographic along with psychographic segmentation for market evaluation
  • Analyzing the macro and micro-economic indicators for each demography
  • Evaluating the current industry trends popular in the market.

Data Synthesis: This stage includes the evaluation and assessment of all the data acquired from the primary and secondary research. It likewise includes in evaluating the information for any disparity watched while information gathering identified with the market. The data & information is gathered with consideration to the heterogeneity of sources. Scientific and statistical methods are implemented for synthesizing dissimilar information sets and provide the relevant data which is fundamental for formulating strategies. Our organization has broad involvement with information amalgamation where the information goes through different stages:

  • Information Screening: Information screening is the way toward examining information/data gathered from the sources for errors/mistakes and amending it before data integration process. The screening includes in looking at raw information, identifying and distinguishing mistakes and managing missing information. The reason for the information screening is to ensure information is effectively entered or not. Our organization utilizes objective and precise information screening grades through repetitive quality checks.
  • Data Integration: The data integration method involves with the incorporation of numerous information streams. The data streams is important so as to deliver investigate examines that give overall market scenario to the investors. These information streams originate from different research contemplates and our in house database. After the screening of the information, our analysts conduct efficient integration of the data streams, optimizing connections between integrated surveys and syndicated data sources. There are two research approaches that we follow so as to coordinate our information; top down methodology and bottom up methodology. 
    • Top-down analysis generally refers to using broad factors as a basis for decision making. The top-down approach helps in identifying the overall market scenario along with the external and internal factors effecting the market growth.
    • The bottom-up approach takes a completely different approach. Generally, the bottom-up approach focuses its analysis on micro attributes and specific characteristics of the domain specific market.

Market Formulation & Deduction: The last stage includes assigning the data & information in a suitable way in order to derive market size. Analyst reviews and domain based opinions based on holistic approach of market estimation combined with industry investigation additionally features a crucial role in this stage.

This stage includes with the finalization of the market size and numbers that we have gathered from primary and secondary research. With the data & information addition, we ensure that there is no gap in the market information. Market trend analysis is finished by our analysts by utilizing data extrapolation procedures, which give the most ideal figures to the market.

Data Validation: Validation is the most crucial step in the process. Validation & re-validation through scientifically designed technique and process that helps us finalize data-points to be used for final calculations. This stage also involves with the data triangulation process. Data triangulation generally implicates the cross validation and matching the data which has been collected from primary and secondary research methods.

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Hi Rahul,
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Dear Siddhartha,
The report looks good, and we believe the material mix is more realistic now. It is good to know you report “Net” Manufacturing Selling Price, as that can make a difference in how we view the numbers. The reports were great and we appreciate your working with us.
Thanks for all your help!

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Hello Sapna,
Thanks for the report. We've been going through it and see some good data on the market and players.

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