Global Edible Insect Market Research (foodaily)

according to
Persistence
Global Edible Insect Market Research: Industry Analysis and Prospects,
2016-2024
report shows that
the global edible insect market will grow at a compound annual rate of
6.1% between
and
2024

.the market's growth drivers include a growing global population and a decline in resources, leading to the search for new alternative food and protein sources. At the same time, less land and money is needed to raise insects, compared with much more land and money to raise cattle, poultry and pigs. In addition, the resources of sea products are also decreasing, which is the main factor driving the increase in demand for alternative food sources, all of which have led to an explosive trend in the growth of demand for edible insects. Edible insects are less likely to become vectors of disease and have high protein content, which contributes to the expansion of global markets.the product type, the global edible insect market is divided into two categories: "full consumption" and "ingredient consumption". To eat in its entirety is to steam, fry, eat raw, or grill insects. "Ingredient consumption" is the insect in the form of ingredients into drinks, insect candy, snacks, baked goods and other foods. "Full consumption" dominates and is
expected to account for the vast majority of market share and taxes by the end of
2016, as this form of consumption does not require harvesting and processing.By insect type, the global market is divided into: beetles, caterpillars, membrane fin insects (including wasps, bees and ants), straight-winged insects (ticks, grasshoppers and locusts), treeworms, and others (termites, dragonflies, flies, etc.). The compound annual growth rate of direct-winged insects will reach
8.1%
, and it is predicted that the grasshopper-based Granola cereal bars, cookies, cookies and chocolates will become increasingly popular. By
the end of
2016, the beetles are expected to have a market share of
30.8%
, while caterpillars are expected to have a market share of
17.9%
and treeworms will have a market share of
7.3%
.global edible insect market is geographically divided into North America, Latin America, Europe, Asia Pacific, Middle East and Africa. The Asia-Pacific region is the largest market and generates the highest taxes, mainly because edible insects are very popular in these regions, especially in Southeast Asia and China. The Middle East and Africa region is expected to account for
28.9%
of the market, while the region is already accounting for
28.4% of the
market by
2015
as awareness of the health benefits of edible insects continues to grow.

-2024
2016, the compound annual growth rates in Europe and North America are expected to reach
7.3%
and
6.9%
.major manufacturers of edible insect products worldwide include:
Exo Inc., Entomo Farms Ltd., Nordic Insect Economy Ltd., ENTOTECH, Kreca Ento-Food BV, Thailand Unique, Enviro Flight, LLC., Eat Grub Ltd., Deli Bugs Ltd., Proti-Farm.source of this article is
FoodAILY
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