October 14, 2019
According to the new research available at MarketStudyReport.com under the title ‘Global (United States, European Union and China) Edible Insects Market Research Report 2019-2025’, the worldwide edible insects market is presumed to register a substantial growth by the year 2025.
With rising demand for animal-based food and the need to feed the large population, insects are now being included in food category due to their low ecological footprint requirement for production. Increasing population, along with different food preferences based on cultures will augment the industry growth.
Growing demand for edible insects has enabled manufacturers to develop new technologies which allow the harvest of insects in a more efficient way, and advanced storage system to keep the insects fresh for a longer time span. However, legislative requirements and uncertainty about health issues caused by insects are likely to hinder edible insects market growth.
The report summarizes the production and consumption graphs thoroughly, while offering a detailed synopsis regarding the customer base, distribution channels, and expansion strategies adopted by the key market players. Furthermore, it provides a comprehensive insight about the segmental growth, trends, drivers, challenges, and opportunities impacting the industry growth.
The global edible insects market is examined on the basis of application spectrum, type and regional outlook. Speaking of the application spectrum, the market is fragmented as convenience stores, online retail, supermarkets/hypermarkets, specialty coffee shops, and others. While based on the type, the market is segmented as orthoptera, true bugs, caterpillar, beetles, and others.
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Considering the regional outlook, the market is bifurcated into four major regions which are China, European Union, United States and rest of the world which includes India, Korea, Southeast Asia and Japan. Moreover, Asian countries like China and Thailand are presumed to dominate edible insects market over the forecast period, as the product is largely consumed by the people in these regions.
The prominent companies operating in edible insects market include Eat Grub, Thailand Unique, Deli Bugs, Kreca Ento-Food BV, ENTOTECH, Nordic Insect Economy, EXO, Entomo Farms, Proti-Farm, and Enviro Flight.