Sample - Edible Insects Market Report, 2024

Edible Insects Market Size By Product (Beetles, Caterpillars, Grasshoppers, Bees, Wasps,
Ants, Scale Insects & True Bugs), By Application (Flour, Protein Bars, Snacks), Industry
Analysis Report, Regional Outlook (U.S., Belgium, Netherlands, UK, France, China, Thailand,
Vietnam, Brazil, Mexico), Application Potential, Price Trends, Competitive Market Share &
Forecast, 2018 – 2024
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Edible Insects Market Report, 2024
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Report Content
Chapter 1 Methodology & Scope

1.1 Methodology
1.2 Market definitions
1.3 Market estimation & forecast parameters
1.4 Data Sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid Sources
1.4.2.2 Public Sources
Chapter 2 Executive Summary

2.1 Edible insects industry 3600 synopsis, 2018 - 2024
2.1.1 Business trends
2.1.2 Regional trends
2.1.3 Product trends
2.1.4 Application trends
Chapter 3 Edible Insects Industry Insights

3.1 Industry segmentation
3.2 Industry landscape, 2013-2024
3.3 Industry ecosystem analysis
3.3.1 Distribution channel analysis
3.3.1.1.1 Collaboration/Partnership
3.3.1.1.2 E-commerce (Online)
3.3.1.1.3 Retailers
3.3.1.1.4 Direct
3.3.1.1.5 Street vendor and local shops
3.3.2 Vendor matrix
3.4 Innovation & sustainability
3.5 Regulatory framework
3.5.1 European Food Safety Agency (EFSA)
3.5.2 EU
3.5.3 Codex Alimentarius
3.5.4 Federal Food, Drug, and Cosmetic Act (FFDCA)
3.5.5 Health Canada
3.5.6 French Federation of Producers, Importers and
Distributors of Insects (FFPIDI)

3.6 Industry impact forces

3.6.1 Growth Drivers
3.6.1.1 Asia Pacific: Growing demand owing to high nutritional value
and application in functional foods
3.6.1.2 Europe: Rising adoption of edible insects in food application
as protein supplement
3.6.1.3 Low environmental impact
3.6.1.4 Low cost of raw materials and transportation
3.6.2 Industry pitfalls & challenges
3.6.2.1 Limited technology and lack of knowledge
3.6.2.2 Lack of regulatory clarity
3.7 Growth potential analysis, 2017
3.7.1.1 Addressable market potential
3.7.1.2 Aquaculture industry
3.7.1.3 Poultry industry
3.8 Porter’s analysis
3.9 Competitive landscape, 2017
3.10 PESTEL analysis
Chapter 4 Edible Insects Market, By Product

4.1 Key product trends
4.2 Beetles
4.2.1 Global edible insects market from beetles, 2013-2024,
(USD Million)
4.2.2 Global edible insects market from beetles, by region,
2013-2024, (USD Million)
4.3 Caterpillars
4.3.1 Global edible insects market from caterpillars, 2013-
2024, (USD Million)
4.3.2 Global edible insects market from caterpillars, by region,
4.4 Grasshoppers, locusts, & crickets
4.4.1 Global edible insects market from grasshoppers, locusts,
& crickets, 2013-2024, (USD Million)
4.4.2 Global edible insects market from grasshoppers, locusts,
& crickets, by region, 2013-2024, (USD Million)
4.5 Bees, wasps & ants
4.5.1 Global edible insects market from bees, wasps & ants,
4.5.2 Global edible insects market from bees, wasps & ants, by
region, 2013-2024, (USD Million)
4.6 Scale insects & true bugs

4.6.1 Global edible insects market from scale insects & true
bugs, 2013-2024, (USD Million)
4.6.2 Global edible insects market from scale insects & true
bugs, by region, 2013-2024, (USD Million)
4.7 Others
4.7.1 Global edible insects market from other products, 2013-
2024, (USD Million)
4.7.2 Global edible insects market from other products, by
Chapter 5 Edible Insects Market, By Application

5.1 Key application trends
5.2 Flour
5.2.1 Global edible insects market from flour, 2013-2024,
(USD Million)
5.2.2 Global edible insects market from flour, by region, 2013-
2024, (USD Million)
5.3 Bars
5.3.1 Global edible insects market from bars, 2013-2024, (USD
Million)
5.3.2 Global edible insects market from bars, by region, 2013-
2024, (USD Million)
5.4 Snacks
5.4.1 Global edible insects market from snacks, 2013-2024,
(USD Million)
5.4.2 Global edible insects market from snacks, by region,
5.5 Others
5.5.1 Global edible insects market from other applications,
5.5.2 Global edible insects market from other applications, by
Chapter 6 Edible Insects Market, By Region

6.1 Key regional trends
6.2 North America
6.2.1 North America edible insects market, 2013-2024, (USD
Million)
6.2.2 North America edible insects market, by product, 2013-
2024, (USD Million)
6.2.3 North America edible insects market, by application,
6.2.4 U.S.

6.2.4.1 U.S. edible insects market, 2013-2024, (USD Million)

6.2.4.2 U.S. edible insects market, by product, 2013-2024, (USD
Million)
6.2.4.3 U.S. edible insects market, by application, 2013-2024, (USD
Million)
6.3 Europe
6.3.1 Europe edible insects market, 2013-2024, (USD Million)
6.3.2 Europe edible insects market, by product, 2013-2024,
(USD Million)
6.3.3 Europe edible insects market, by application, 2013-2024,
(USD Million)
6.3.4 Belgium
6.3.4.1 Belgium edible insects market, 2013-2024, (USD Million)
6.3.4.2 Belgium edible insects market, by product, 2013-2024, (USD
Million)
6.3.4.3 Belgium edible insects market, by application, 2013-2024,
(USD Million)
6.3.5 Netherlands
6.3.5.1 Netherlands edible insects market, 2013-2024, (USD Million)
6.3.5.2 Netherlands edible insects market, by product, 2013-2024,
(USD Million)
6.3.5.3 Netherlands edible insects market, by application, 2013-
2024, (USD Million)
6.3.6 UK
6.3.6.1 UK edible insects market, 2013-2024, (USD Million)
6.3.6.2 UK edible insects market, by product, 2013-2024, (USD
Million)
6.3.6.3 UK edible insects market, by application, 2013-2024, (USD
Million)
6.3.7 France
6.3.7.1 France edible insects market, 2013-2024, (USD Million)
6.3.7.2 France edible insects market, by product, 2013-2024, (USD
Million)
6.3.7.3 France edible insects market, by application, 2013-2024,
(USD Million)
6.4 Asia Pacific
6.4.1 Asia Pacific edible insects market, 2013-2024, (USD
Million)
6.4.2 Asia Pacific edible insects market, by product, 2013-
2024, (USD Million)
6.4.3 Asia Pacific edible insects market, by application, 2013-
2024, (USD Million)
6.4.4 China
6.4.4.1 China edible insects market, 2013-2024, (USD Million)

6.4.4.2 China edible insects market, by product, 2013-2024, (USD

Million)
6.4.4.3 China edible insects market, by application, 2013-2024,
(USD Million)
6.4.5 Thailand
6.4.5.1 Thailand edible insects market, 2013-2024, (USD Million)
6.4.5.2 Thailand edible insects market, by product, 2013-2024, (USD
Million)
6.4.5.3 Thailand edible insects market, by application, 2013-2024,
(USD Million)
6.4.6 Vietnam
6.4.6.1 Vietnam edible insects market, 2013-2024, (USD Million)
6.4.6.2 Vietnam edible insects market, by product, 2013-2024, (USD
Million)
6.4.6.3 Vietnam edible insects market, by application, 2013-2024,
(USD Million)
6.5 Latin America (LATAM)
6.5.1 LATAM edible insects market, 2013-2024, (USD Million)
6.5.2 LATAM edible insects market, by product, 2013-2024,
(USD Million)
6.5.3 LATAM edible insects market, by application, 2013-2024,
(USD Million)
6.5.4 Brazil
6.5.4.1 Brazil edible insects market, 2013-2024, (USD Million)
6.5.4.2 Brazil edible insects market, by product, 2013-2024, (USD
Million)
6.5.4.3 Brazil edible insects market, by application, 2013-2024, (USD
Million)
6.5.5 Mexico
6.5.5.1 Mexico edible insects market, 2013-2024, (USD Million)
6.5.5.2 Mexico edible insects market, by product, 2013-2024, (USD
Million)
6.5.5.3 Mexico edible insects market, by application, 2013-2024,
(USD Million)
6.6 Middle East & Africa (MEA)
6.6.1 MEA edible insects market, 2013-2024, (USD Million)
6.6.2 MEA edible insects market, by product, 2013-2024, (USD
Million)
6.6.3 MEA edible insects market, by application, 2013-2024,
(USD Million)
Chapter 7 Company Profiles

7.1 HaoCheng Mealworms, Inc.
7.1.1 Business Overview

7.1.2 Financial Data

7.1.3 Product Landscape
7.1.4 SWOT Analysis
7.2 Agriprotein Technologies
7.2.4 SWOT Analysis
7.2.5 Strategic Outlook
7.3 Kreca
7.3.4 SWOT Analysis
7.4 EnviroFlight
7.4.4 SWOT Analysis
7.5 Proti-Farm
7.5.4 SWOT Analysis
7.6 Chapul LLC
7.6.4 SWOT Analysis
7.7 Exo Protein
7.7.4 SWOT Analysis

7.8 Thailand Unique

7.8.4 SWOT Analysis
7.9 Six Foods
7.9.4 SWOT Analysis
7.10 Bitty Foods
7.10.4 SWOT Analysis
7.11 Gathr Foods
7.12 Crowbar Protein
7.13 Green Kow
7.14 Edible Inc.
7.15 Crik Nutrition


7.16 Nutribug Ltd.
7.17 Cricket Flours
7.18 Crickers
7.19 Bugsolutely
7.20 Bensbugs
7.21 Ecobars Pty Ltd.
7.22 LaViewEye


7.23 Bugeater Foods
7.24 Insectitos
7.25 Fluker’s Cricket Farm Inc
7.26 Entomo Farms
7.27 Micronutris
7.28 Entotech
7.29 Ynsect

Data Tables
TABLE 1 Edible insects industry 3600 synopsis, 2018 - 2024
TABLE 2 Global edible insects market, 2013 – 2017, (USD Million)
TABLE 4 Global edible insects revenue, by region, 2013 – 2017, (USD Million)
TABLE 6 Global edible insects revenue, by product, 2013 – 2016, (USD Million)
TABLE 8 Global edible insects revenue, by application, 2013 – 2017, (USD Million)
TABLE 10 Edible insects distribution trends
TABLE 11 Vendor matrix
TABLE 12 Company innovation overview
TABLE 13 Maximum permissible limits of insect contamination in food products
TABLE 14 Industry impact forces
TABLE 15 Average protein content comparison among insects, proteins, fish and mammals
TABLE 16 Nutrient and mineral composition of edible insect species
TABLE 17 Amino acid spectra of edible insects
TABLE 18 Feed required for one pound of meat production from micro livestock (Insects)
TABLE 19 Global aquafeed market volume, by region, 2013-2024, (Kilo Tons)
TABLE 20 Global aquafeed market revenue, by region, 2013-2024, (USD Billion)
TABLE 21 Potential edible insects market size by replacing aquafeed, 2013-2024, (USD Billion)
TABLE 22 Global edible insects market from beetles, 2013-2017, (USD Million)
TABLE 23 Global edible insects market from beetles, 2018-2024, (USD Million)
TABLE 24 Global edible insects market revenue from beetles, by region, 2013-2017, (USD Million)
TABLE 25 Global edible insects market revenue from beetles, by region, 2018-2024, (USD Million)
TABLE 26 Global edible insects market from caterpillars, 2013-2017, (USD Million)
TABLE 27 Global edible insects market from caterpillars, 2018-2024, (USD Million)
TABLE 28 Global edible insects market revenue from caterpillars, by region, 2013-2017, (USD
Million)
TABLE 29 Global edible insects market revenue from caterpillars, by region, 2018-2024, (USD
Million)
TABLE 30 Global edible insects market from grasshoppers, locusts, & crickets, 2013-2017, (USD
Million)
TABLE 31 Global edible insects market from grasshoppers, locusts, & crickets, 2018-2024, (USD
Million)
TABLE 32 Global edible insects market revenue from grasshoppers, locusts, & crickets, by region,
TABLE 33 Global edible insects market revenue from grasshoppers, locusts, & crickets, by region,
TABLE 34 Global edible insects market from bees, wasps & ants, 2013-2017, (USD Million)
TABLE 35 Global edible insects market from bees, wasps & ants, 2018-2024, (USD Million)

TABLE 36 Global edible insects market revenue from bees, wasps & ants, by region, 2013-2017,
(USD Million)
TABLE 37 Global edible insects market revenue from bees, wasps & ants, by region, 2018-2024,
(USD Million)
TABLE 38 Global edible insects market from scale insects & true bugs, 2013-2017, (USD Million)
TABLE 39 Global edible insects market from scale insects & true bugs, 2018-2024, (USD Million)
TABLE 40 Global edible insects market revenue from scale insects & true bugs, by region, 2013-
2017, (USD Million)
TABLE 41 Global edible insects market revenue from scale insects & true bugs, by region, 2018-
2024, (USD Million)
TABLE 42 Global edible insects market from other products, 2013-2017, (USD Million)
TABLE 43 Global edible insects market from other products, 2018-2024, (USD Million)
TABLE 44 Global edible insects market revenue from other products, by region, 2013-2017, (USD
Million)
TABLE 45 Global edible insects market revenue from other products, by region, 2018-2024, (USD
Million)
TABLE 46 Global edible insects market from flour, 2013-2017, (USD Million)
TABLE 47 Global edible insects market from flour, 2018-2024, (USD Million)
TABLE 48 Global edible insects market revenue from flour, by region, 2013-2017, (USD Million)
TABLE 49 Global edible insects market revenue from flour, by region, 2018-2024, (USD Million)
TABLE 50 Global edible insects market from bars, 2013-2017, (USD Million)
TABLE 51 Global edible insects market from bars, 2018-2024, (USD Million)
TABLE 52 Global edible insects market revenue from bars, by region, 2013-2017, (USD Million)
TABLE 53 Global edible insects market revenue from bars, by region, 2018-2024, (USD Million)
TABLE 54 Global edible insects market from snacks, 2013-2017, (USD Million)
TABLE 55 Global edible insects market from snacks, 2018-2024, (USD Million)
TABLE 56 Global edible insects market revenue from snacks, by region, 2013-2017, (USD Million)
TABLE 57 Global edible insects market revenue from snacks, by region, 2018-2024, (USD Million)
TABLE 58 Global edible insects market from other applications, 2013-2017, (USD Million)
TABLE 59 Global edible insects market from other applications, 2018-2024, (USD Million)
TABLE 60 Global edible insects market revenue from other applications, by region, 2013-2017, (USD
Million)
TABLE 61 Global edible insects market revenue from other applications, by region, 2018-2024, (USD
Million)
TABLE 62 North America edible insects market, 2013 – 2017, (USD Million)
TABLE 63 North America edible insects market, 2018 – 2024, (USD Million)
TABLE 64 North America edible insects revenue, by product, 2013-2017, (USD Million)
TABLE 66 North America edible insects revenue, by application, 2013-2017, (USD Million)
TABLE 67 North America edible insects revenue, by application, 2018-2024, (USD Million)
TABLE 68 U.S. edible insects market, 2013 – 2017, (USD Million)
TABLE 69 U.S. edible insects market, 2018 – 2024, (USD Million)
TABLE 70 U.S. edible insects market revenue, by product, 2013-2017, (USD Million)

TABLE 71 U.S. edible insects revenue, by product, 2018-2024, (USD Million)

TABLE 72 U.S. edible insects market revenue, by application, 2013-2017, (USD Million)
TABLE 73 U.S. edible insects market revenue, by application, 2018-2024, (USD Million)
TABLE 74 Europe edible insects market, 2013 – 2017, (USD Million)
TABLE 75 Europe edible insects market, 2018 – 2024, (USD Million)
TABLE 76 Europe edible insects revenue, by product, 2013-2017, (USD Million)
TABLE 77 Europe edible insects revenue, by product, 2018-2024, (USD Million)
TABLE 78 Europe edible insects revenue, by application, 2013-2017, (USD Million)
TABLE 79 Europe edible insects revenue, by application, 2018-2024, (USD Million)
TABLE 80 Belgium edible insects market, 2013 – 2017, (USD Million)
TABLE 81 Belgium edible insects market, 2018 – 2024, (USD Million)
TABLE 82 Belgium edible insects market revenue, by product, 2013-2017, (USD Million)
TABLE 83 Belgium edible insects revenue, by product, 2018-2024, (USD Million)
TABLE 84 Belgium edible insects market revenue, by application, 2013-2017, (USD Million)
TABLE 85 Belgium edible insects market revenue, by application, 2018-2024, (USD Million)
TABLE 86 Netherlands edible insects market, 2013 – 2017, (USD Million)
TABLE 87 Netherlands edible insects market, 2018 – 2024, (USD Million)
TABLE 88 Netherlands edible insects market revenue, by product, 2013-2017, (USD Million)
TABLE 89 Netherlands edible insects revenue, by product, 2018-2024, (USD Million)
TABLE 90 Netherlands edible insects market revenue, by application, 2013-2017, (USD Million)
TABLE 91 Netherlands edible insects market revenue, by application, 2018-2024, (USD Million)
TABLE 92 UK edible insects market, 2013 – 2017, (USD Million)
TABLE 93 UK edible insects market, 2018 – 2024, (USD Million)
TABLE 94 UK edible insects market revenue, by product, 2013-2017, (USD Million)
TABLE 95 UK edible insects revenue, by product, 2018-2024, (USD Million)
TABLE 96 UK edible insects market revenue, by application, 2013-2017, (USD Million)
TABLE 97 UK edible insects market revenue, by application, 2018-2024, (USD Million)
TABLE 98 France edible insects market, 2013 – 2017, (USD Million)
TABLE 99 France edible insects market, 2018 – 2024, (USD Million)
TABLE 100 France edible insects market revenue, by product, 2013-2017, (USD Million)
TABLE 101 France edible insects revenue, by product, 2018-2024, (USD Million)
TABLE 102 France edible insects market revenue, by application, 2013-2017, (USD Million)
TABLE 103 France edible insects market revenue, by application, 2018-2024, (USD Million)
TABLE 104 Asia Pacific edible insects market, 2013 – 2017, (USD Million)
TABLE 105 Asia Pacific edible insects market, 2018 – 2024, (USD Million)
TABLE 106 Asia Pacific edible insects revenue, by product, 2013-2017, (USD Million)
TABLE 107 Asia Pacific edible insects revenue, by product, 2018-2024, (USD Million)
TABLE 108 Asia Pacific edible insects revenue, by application, 2013-2017, (USD Million)
TABLE 109 Asia Pacific edible insects revenue, by application, 2018-2024, (USD Million)
TABLE 110 China edible insects market, 2013 – 2017, (USD Million)

TABLE 111 China edible insects market, 2018 – 2024, (USD Million)
TABLE 112 China edible insects market revenue, by product, 2013-2017, (USD Million)
TABLE 113 China edible insects revenue, by product, 2018-2024, (USD Million)
TABLE 114 China edible insects market revenue, by application, 2013-2017, (USD Million)
TABLE 115 China edible insects market revenue, by application, 2018-2024, (USD Million)
TABLE 116 Thailand edible insects market, 2013 – 2017, (USD Million)
TABLE 117 Thailand edible insects market, 2018 – 2024, (USD Million)
TABLE 118 Thailand edible insects market revenue, by product, 2013-2017, (USD Million)
TABLE 119 Thailand edible insects revenue, by product, 2018-2024, (USD Million)
TABLE 120 Thailand edible insects market revenue, by application, 2013-2017, (USD Million)
TABLE 121 Thailand edible insects market revenue, by application, 2018-2024, (USD Million)
TABLE 122 Vietnam edible insects market, 2013 – 2017, (USD Million)
TABLE 123 Vietnam edible insects market, 2018 – 2024, (USD Million)
TABLE 124 Vietnam edible insects market revenue, by product, 2013-2017, (USD Million)
TABLE 125 Vietnam edible insects revenue, by product, 2018-2024, (USD Million)
TABLE 126 Vietnam edible insects market revenue, by application, 2013-2017, (USD Million)
TABLE 127 Vietnam edible insects market revenue, by application, 2018-2024, (USD Million)
TABLE 128 LATAM edible insects market, 2013 – 2017, (USD Million)
TABLE 129 LATAM edible insects market, 2018 – 2024, (USD Million)
TABLE 130 LATAM edible insects revenue, by product, 2013-2017, (USD Million)
TABLE 131 LATAM edible insects revenue, by product, 2018-2024, (USD Million)
TABLE 132 LATAM edible insects revenue, by application, 2013-2017, (USD Million)
TABLE 133 LATAM edible insects revenue, by application, 2018-2024, (USD Million)
TABLE 134 Brazil edible insects market, 2013 – 2017, (USD Million)
TABLE 135 Brazil edible insects market, 2018 – 2024, (USD Million)
TABLE 136 Brazil edible insects market revenue, by product, 2013-2017, (USD Million)
TABLE 137 Brazil edible insects revenue, by product, 2018-2024, (USD Million)
TABLE 138 Brazil edible insects market revenue, by application, 2013-2017, (USD Million)
TABLE 139 Brazil edible insects market revenue, by application, 2018-2024, (USD Million)
TABLE 140 Mexico edible insects market, 2013 – 2017, (USD Million)
TABLE 141 Mexico edible insects market, 2018 – 2024, (USD Million)
TABLE 142 Mexico edible insects market revenue, by product, 2013-2017, (USD Million)
TABLE 143 Mexico edible insects revenue, by product, 2018-2024, (USD Million)
TABLE 144 Mexico edible insects market revenue, by application, 2013-2017, (USD Million)
TABLE 145 Mexico edible insects market revenue, by application, 2018-2024, (USD Million)
TABLE 146 MEA edible insects market, 2013 – 2017, (USD Million)
TABLE 147 MEA Edible insects market, 2018 – 2024, (USD Million)
TABLE 148 MEA edible insects revenue, by product, 2013-2017, (USD Million)
TABLE 149 MEA edible insects revenue, by product, 2018-2024, (USD Million)
TABLE 150 MEA edible insects revenue, by application, 2013-2017, (USD Million)

TABLE 151 MEA edible insects revenue, by application, 2018-2024, (USD Million)
Charts & Figures
FIG. 1 Industry segmentation

FIG. 2 Global edible insects market estimates & forecast, (USD Million), 2013 – 2024
FIG. 3 Industry ecosystem analysis
FIG. 4 Global functional food sales, by region (USD Million), 2015– 2017
FIG. 5 Growth potential analysis, 2017
FIG. 6 Porter’s analysis
FIG. 7 PESTEL analysis
FIG. 8 SWOT Analysis, HaoCheng Mealworms Inc.
FIG. 9 SWOT Analysis, Agri-Protein Technologies
FIG. 10 SWOT Analysis, Kreca
FIG. 11 SWOT Analysis, Enviroflight
FIG. 12 SWOT Analysis, Proti-farm
FIG. 13 SWOT Analysis, Chapul LLC
FIG. 14 SWOT Analysis, Exo protein
FIG. 15 SWOT Analysis, Thailand Unique
FIG. 16 SWOT Analysis, Six Foods
FIG. 17 SWOT Analysis, Bitty Foods
FIG. 18 SWOT Analysis, Gathr Foods
FIG. 19 SWOT Analysis, Crowbar Protein
FIG. 20 SWOT Analysis, The Green Kow Company Sprl
FIG. 21 SWOT Analysis, Edible Inc.
FIG. 22 SWOT Analysis, Crik Nutrition
FIG. 23 SWOT Analysis, Nutribug Ltd.
FIG. 24 SWOT Analysis, Cricket Flours LLC
FIG. 25 SWOT Analysis, Crickers
FIG. 26 SWOT Analysis, Bugsolutely Ltd.
FIG. 27 SWOT Analysis, Bensbugs
FIG. 28 SWOT Analysis, Ecobars Pty. Ltd.
FIG. 29 SWOT Analysis, LaViewEye
FIG. 30 SWOT Analysis, Bugeater
FIG. 31 SWOT Analysis, Insectitos
FIG. 32 SWOT Analysis, Fluker’s cricket Farm Inc.
FIG. 33 SWOT Analysis, Entomo Farms
FIG. 34 SWOT Analysis, Micronutris
FIG. 35 SWOT Analysis, Entotech
FIG. 36 SWOT Analysis, Ynsect

Chapter 1 Methodology & Scope

1.1 Methodology
The methodology adopted for the research is the amalgamation of multiple approaches to
provide realistic scenario of market. Extensive secondary research was conducted for
collection of data required for estimations as well as forecasting. All analyst inputs, data
obtained by authorized secondary sources and final results were validated and verified
through detailed primary interviews with key opinion leaders. (Industry experts with relevant
experience, company executives, end-users for the industry etc.)
Edible insects market was estimated using pyramid approach also referred as bottom-up
methodology, where each region is estimated separately as an individual entity. Global market
is derived by integrating regional information.
• An example of country level forecast is given below for reference:
Key parameters considered while estimating U.S. edible insects market

• Nutraceutical industry growth
• Alternative protein source demand
• Growth of processed food industry
• Regulatory scenario
Product segment share for U.S. edible insects market
Product segment U.S. Market share (2017)
Beetles 27.6%
Caterpillars 20.9%
Grasshoppers, locusts & cricket 21.2%
Bees, wasps & ants 15.9%
Scale insects & true bugs 10.0%
Others 4.3%
The product shares are based on analyst’s input, authorized data sources and were validated
through primary interviews with industry experts and key opinion leaders.

Major industry players approached during research process

Region Company
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North America
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Latin America
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Europe
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Asia Pacific
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Middle East & Africa
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List of secondary sources
Region Secondary sources
• North American Edible Insect Coalition

• North American Association of Food Equipment
North America
Manufacturers
• Association of Food Industries
• Biscuit and Cracker Manufacturers' Association

• National Pasta Association

• California Certified Organic Farmers
• National Farmers Union
• National Food Processors Association
• Snack Food Association
• International Platform of Insects for Food and Feed(IPIFF)

• European Food Safety Authority
• European Trade Associations
• European Feed Manufacturers' Federation
Europe
• European Snacks Association
• European Food Law Association
• Food Supplements Europe
• Specialised Nutrition Europe
• The European Food Information Council (EUFIC)
• The Asia Pacific Food and Feed Insects Association

• Japan Organic & Natural Foods Association
• Japanese Food Culture Association
Asia Pacific • Japan Food Additives Association
• Food & Drink Exporters Association
• International Associations for Food protection
• China Food and Drug Administration
• International Feed Industry Federation(IFIF)
1.2 Market definitions
Edible insects
Eating insects is also known as entomophagy which is a common culture in most parts of
world including North, Central and South America. Over 2000 species are found to be eatable
globally rich in protein content and other necessary minerals. Anthopods and other species of
insects are good source of nutrition.
By Product
Beetles - Beetles are a group of insects that form the order Coleoptera, in the superorder
Endopterygota. The most commonly eaten beetles are the long-horned, june, dung, and
rhinoceros varieties. They are efficient at turning cellulose from trees (indigestible to humans)
into digestible fat. Beetles supply calcium and iron, as well as a good dose of zinc. Beetles

also have more protein than most other insects: the protein content ranges from 10-20 grams
per 3.5-ounce. Beetles can be eaten once cooked (since the shell becomes tender), and taste
similar to smoked bacon.
Caterpillars - Caterpillars are the larval stage members of the order Lepidoptera. They are
an excellent source of protein, iron and other minerals. Caterpillars of most species are
herbivorous, some are insectivorous, even cannibalistic. The mopane caterpillar is one of the
most consumed and economically valuable edible insects in southern Africa and could go some
way to improving iron deficiency in the diet. Their iron content ranges from 30 to 70 mg per
100g serving.
Grasshoppers, locusts & crickets – Grasshoppers contain over six times iron content
compared to beef. A 3.5-ounce serving of raw grasshoppers contains between 14 and 28
grams of protein, which is quite high for such a small amount of food. Grasshoppers and
crickets are a good source of unsaturated fats, according to the Food and Agriculture
Organization of the United Nations, which can help lower the risk of heart disease. These
insects also supply small amounts of iron, though the exact amount depends on the size of
the bug. Cricket protein is a highly nutritious food source containing protein, fiber, vitamins,
minerals and healthy fats, which is bio-available, implying that cricket powder is easily
digestible.
Bees, wasps and ants –Ants are full of proteins, vitamins and minerals essential to the
proper functioning of the body. Honey bee larvae and pupae can be compared to beef in terms
of their protein quality and quantity. Wasp is any insect of the order Hymenoptera and
suborder Apocrita. Wasps as a group do not form a clade, but are paraphyletic with respect
to bees and ants.
Scale insects & true bugs - Depending on the species, scale insects may be found on plant
stems, twigs, trunks, foliage, or fruit. Most scale insects are small and inconspicuous. The
size of scale insects ranges from 1/8 to 1/2 inch. Color, shape, texture and other features
vary with the species. They are divided into two categories, soft scales and armored scales.
Scale insects feed by sucking sap from trees and shrubs through piercing-sucking mouth
parts.
By Application
Flour- Insects are dried, roasted and powdered to form insect flour. Most commonly
consumer insect flour includes cricket flour, locust and beetle. These powders are rice in

protein content containing essential minerals and amino acids. These products are processed
to offer consumer with low fat and high protein content. These powders are widely used in
energy bars, bread and pasta to increase the protein and nutrient content in any food.
Bars – Bars are nutrient dense combining edible insect flour offering high protein and iron
content along with other nutritional ingredients.
Snacks- Snacks are small amount of food eaten between meals. It essentially uses cricket
flour and other edible insect ingredients to cook into snacks.
1.3 Market estimation & forecast parameters
• Edible insects demand in estimated in terms of USD Million on a regional scale. The
report provides actuals for years 2013, 2014, 2015, 2016 & 2017 and forecast from
2018 to 2024.
• The information obtained, is validated via data triangulation
o Regional growth trends
o Feedback received from key manufacturers, distributors and suppliers
• Edible insects demand was derived based on the basis of product demand across all
the countries which has been bottomed up to derive the global demand. The overall
demand was further validated through primary interviews with key industry players.
• Key industry dynamics were evaluated to understand their impact on demand for the
forecast period.
• Additionally, industry pitfalls and challenges were also taken into account to depict the
demand.
• Financials of privately held companies are provided in range in the company profiles
section which includes business overview, financials (sales figure), list of products and
its features, SWOT analysis and recent innovation, launch, capacity expansion, etc. of
the company
• Recent innovations, technology developments, product capacity expansion, etc. by the
major market players has also been taken into consideration to depict demand and
forecast industry growth
• Key players in global edible insects production have been considered. To analyze
competitive landscape, geographical presence and product portfolio breakdown in a
particular country & region has been taken into consideration

1.4 Data Sources
1.4.1 Primary
• xxxxxxxxx
• xxxxxxxxx
• xxxxxxxxx
• xxxxxxxxx
• xxxxxxxxx
1.4.2 Secondary
1.4.2.1 Paid Sources
• Hoover’s
• Factiva
• OneSource
• Zauba
1.4.2.2 Public Sources
• North American Edible Insect Coalition

• North American Association of Food Equipment Manufacturers
• Association of Food Industries
• Biscuit and Cracker Manufacturers' Association
• National Pasta Association
• California Certified Organic Farmers
• National Farmers Union
• National Food Processors Association
• Snack Food Association
• International Platform of Insects for Food and Feed(IPIFF)
• European Food Safety Authority
• European Trade Associations
• European Feed Manufacturers' Federation
• European Snacks Association
• European Food Law Association
• Food Supplements Europe
• Specialised Nutrition Europe

• The European Food Information Council (EUFIC)

• The Asia Pacific Food and Feed Insects Association
• Japan Organic & Natural Foods Association
• Japanese Food Culture Association
• Japan Food Additives Association
• Food & Drink Exporters Association
• International Associations for Food protection
• China Food and Drug Administration
• International Feed Industry Federation(IFIF)
• Annual Reports

Chapter 2 Executive Summary

2.1 Edible insects industry 3600 synopsis, 2018 - 2024
TABLE 1 Edible insects industry 3600 synopsis, 2018 - 2024
Industry Factor Description
Market size & forecast

USD xx Million (2017) USD xx Million (2024)
(Revenue)
Beetles– 27.6%
Caterpillars – 20.9%
Product trend (2017) Grasshoppers, locusts & cricket – 21.2%
(Revenue) Bees, wasps & ants – 15.9%
Scale insects & true bugs- 10.0
Others – 4.3%
North America – 11.5%

Europe– 9.3%
Regional trend (2017)
Asia Pacific – 37.4%
(Revenue)
LATAM – 32.1%
MEA – 9.7%
Shift in trend towards bug consumption as an alternative source of

protein and avoiding unhealthy foods should drive industry growth.
Bugs play a vital role in plant ecosystems and have lower emissions
Growth summary along with consuming significantly less water and natural resources
compared to cattle and swine which has driven industry penetration.
Limited regulatory governing body for insects as feed and food
sources, has led to decline in edible insects consumption.
Edible Insects are consumed in many parts of the world and are
perceived as food or supplement. They are well appreciated food
consumed in many parts of APAC, Americas and Africa. Their
consumption is regulated in countries such as Switzerland and
Thailand for human and animal feed consumption. Public health,
namely with regard to food security and cardiovascular diseases, is
Industry analysis summary
perhaps one of the most relevant areas that have the potential to be
positively affected by the advent of new nutrient sources. Lack of
regulation coupled with high raw material prices owing to supply
shortage may hamper edible insects production capacity and block
capacity expansion plans. Insect farming emit low GHGs compared to
livestock production which help to keep carbon emission under limits.

2.1.1 B u si n e s s t r e n d s
2013 2014 2015 2016 2017
USD Million 20.59 26.56 xx xx xx

CAGR
2018 2019 2020 2021 2022 2023 2024 (2018-
24)
USD xx xx xx xx xx xx xx xx
Million
Increase in bugs consumption owing to growing health concerns and avoiding unhealthy foods
may favor edible insects market. Insects are also used as animal feed mainly in fish and
poultry. Insects offer a sustainable and economical source for human as well as animal feed,
with comparatively lower greenhouse (GHG) emissions as well as costs.
Insects can be grown on organic waste and therefore are rich in protein, vitamins and amino
acids. Therefore, insects are a potential source for conventional production (mini-livestock)
of protein, either for direct human consumption (DHC) or in recomposed foods (with extracted
protein from insects) and as a protein source into feedstock mixtures.
Regulatory restraints faced by this market is adding and convincing U.S. FDA to add crickets,
mealworms and other insects-based products to the agency’s database of Generally
Recognized as Safe (GRAS) ingredients. Companies need a better regulatory certainty to
encourage more infrastructure investment as well as setting up wide distribution network
along with marketing spending.

2.1.2 R e g i on a l t r e n d s
Region 2013 2014 2015 2016 2017
North America 2.37 3.05 xx xx xx
Europe 1.95 2.50 xx xx xx
Asia Pacific 7.63 9.87 xx xx xx
LATAM 6.59 8.51 xx xx xx
MEA 2.05 2.63 xx xx xx
Total 20.59 26.56 xx xx xx
Increase in edible insects demand puts pressure on source populations due to new
technologies used to harvest bugs more efficiently and to store them safely for longer periods.
The over harvesting of edible insects from different tropic levels will have an adverse
implication for ecosystem processes in Asia Pacific and other regions. USDA is involved in bug
farming through their Animal and Plant Health Inspection Service (APHIS) agency. China
includes wild insect harvesting as food, insect farming and usage of insects in small village
for animal production as fish or poultry.
In Asian countries such as China and Thailand, edible insects are sold as whole to be
consumed by people. They are also the part of street food in these regions. With the rising
preferences ascribed to consumers in the region, companies are also providing packaged
edible insects in BBQ and raw form. The key industry participants are also moving towards
providing food-grade certified insects for consumption.

CAGR
Region 2018 2019 2020 2021 2022 2023 2024
(2018-24)
North
xx xx xx xx xx xx xx xx
America
Europe xx xx xx xx xx xx xx xx
Asia Pacific xx xx xx xx xx xx xx xx
LATAM xx xx xx xx xx xx xx xx
MEA xx xx xx xx xx xx xx xx
Total xx xx xx xx xx xx xx xx
Demand for edible insects are also growing due to number of benefits offered by them along
with rise in globalization. They are being produced by these regions by adopting wild
harvesting, farming and semi-domestication. These methods require very minimal
investment. Asia Pacific is considered to be the largest region accounting for maximum edible
species available. Harvesting, gathering, and processing insects is also becoming an important
business in some countries especially for locals as very little investment is required. Various
types of insects are considered edible including caterpillar, orthoptera, beetles, true bugs, etc.
However, among these, beetles are likely to be consumed on a large scale in the near future.

2.1.3 Product trends
Product 2013 2014 2015 2016 2017
Beetles 5.702 7.349 xx xx xx
Caterpillars 4.286 5.537 xx xx xx
Grasshoppers,
locusts & 4.299 5.568 xx xx xx
crickets
Bees, wasps &

3.269 4.219 xx xx xx
ants
Scale insects
2.063 2.659 xx xx xx
& true bugs
Others 0.968 1.226 xx xx xx
Total 20.587 26.557 xx xx xx
CAGR
Product 2018 2019 2020 2021 2022 2023 2024
(2017 – 24)
Beetles xx xx xx xx xx xx xx xx
Caterpillars xx xx xx xx xx xx xx xx
Grasshoppers,
locusts & xx xx xx xx xx xx xx xx
crickets
Bees, wasps &
ants
Scale insects &

true bugs
Others xx xx xx xx xx xx xx xx
Most commonly consumed insects are beetles and caterpillars. Other popular insect foods are
bees, wasps and ants, grasshoppers, locusts & crickets, scale insects & true bugs, dragon
flies, flies and termites. Beetle larvae are consumed by tribes in Australia and Africa as their
subsistence diets, whereas fried beetles and locusts are consumed in Thailand. Beetles

contaminated with pathogenic bacteria could pose risks to consumers, and the retailers were
recommended to ensure proper heating of the products to eliminate pathogens.
Recent decline in seafood resource and restrictions imposed by countries on fishing also
should bolster product demand. It has created a need for alternative food sources. Lower risk
of transmitting disease and lower investment of production should drive industry growth.
2.1.4 Application trends
Application 2013 2014 2015 2016 2017
Flour 6.87 8.85 xx xx xx
Bars 4.43 5.72 xx xx xx
Snacks 6.82 8.82 xx xx xx
Others 2.46 3.16 xx xx xx
Total 20.6 26.6 xx xx xx
CAGR
Application 2018 2019 2020 2021 2022 2023 2024
(2017 – 24)
Flour xx xx xx xx xx xx xx xx
Bars xx xx xx xx xx xx xx xx
Snacks xx xx xx xx xx xx xx xx
Insects are wild-harvested or reared in a domesticated setting; they are killed by freeze-
drying, sun-drying or boiling. They can be processed and consumed as whole insects, paste
or ground form and as protein extract, fat or chitin for fortifying food and feed products. They
are also fried live and consumed.

Chapter 3 Edible Insects Industry Insights

3.1 Industry segmentation
FIG. 1 Industry segmentation
Crickets
Beetles
Catterpillars
Product Grasshoppers
North America
Bees, wasps & ants
Europe
Edible Insects
Scale Insects & true

bugs Asia Pacific
Others Latin America
MEA
Flours
Bars
Application
Snacks
Others
Insects are important in plant reproduction, improve soil fertility, control harmful species, and
provide products for humans such as honey and silk. Some edible insects include crickets,
beetles, caterpillars, mealworms, grasshoppers, bees, wasps & ants, scale insects and true
bugs, locusts, termites, dragonflies, flies and scorpion. Edible insects are farmed and
harvested for human and animal consumption. They are rich in protein, vitamin, and mineral,
considered nutritious, healthy, and emit less greenhouse gases than animal meat. Edible
insects are consumed whole and powdered form. Asia Pacific led by China and Thailand
dominated overall edible insect market production. Europe edible insects market, led by UK,
Netherlands and France is set to witness high growth rate during the forecast period.

Demand for insects as food has increased along with rising standards of living and increasing
globalization in parts of Africa, Asia and Latin America where cost of insects can exceed the
cost of more conventional animal meats. Instead of a simple supply chain of insects collected
by people as a subsistence diet or to be traded or sold at local markets, the chain involves
traders who sell to wholesalers that distribute insects to small retailers or to larger
supermarkets. Increasing commercialization is accompanied by more effective collective
technique, improved transport network, storage facilities so that out of season demand can
be met.
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

3.2 Industry landscape, 2013-2024
FIG. 2 Global edible insects market estimates & forecast, (USD Million), 2013 – 2024
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Food industry remains an attractive and underutilized avenue for edible insects, which has
led to produce cricket and mealworm products. Insects are good source of proteins and are
comparable to conventional livestock. Insects are rich in high quality protein, containing
amino acids that can easily be digested and thus can replace other protein sources such as
soy. Fat content shows higher amount of essential fatty acids than other animal fats and
amount of carbohydrates is low which is derived mainly from the chitin that constitute the
exoskeleton. These factors are expected to favor edible insects market growth.
Absence of clear norms and legislation regarding insect use as food and feed is expected to
hinder market growth. Regulations are largely absent in the U.S. and Europe, while in Asia
Pacific, insects use for human consumption in practice is more tolerated than regulated. Wild
harvesting of edible insects is the conventional method of production which are methods often
depending on the knowledge of particular people and their experience in doing so, who also
monitor the development of the target species and know appropriate times to collect,
appropriate collecting methods, and the land or water management regimes required to
increase insect.


3.3 Industry ecosystem analysis
FIG. 3 Industry ecosystem analysis
Insect Processing/
Insect farming Distribution Applications
Product manufacturing
Forward integration
Eg: Micronutris, Fluker farms
Flours
Snacks
Raw material Distribution
Manufacturers
providers channels
Bars
Agents or Packaging &
wholesale storage
buyers Animal feed
•Dealers
Eg: Fluker farms, Entomo Eg: •Organic shops
farms, Proti Farms, Nutribug,Exoprotein, •Online retail
Micronutris Bitty foods •Street Vendors
•Supermarkets
•Local shops
•Restaurants
Currently, it is common for insect farmers to sell fresh farmed produce to an agent (wholesale
buyer). The agent further processes (boils), packages and freezes the product and markets
them to end-user industries such as restaurants, snacks, bars and flours. Some of the
companies are forward integrated which farms and sells the final product to end-use
industries. These companies are expected to generate high profit margins as there are no
retailers or resellers in between. They tie up directly with restaurants, snack and bar industry
to supply product on long term contract basis.

3.3.1 D i s t r i b u t i o n c h a n n e l a n a l y si s
TABLE 10 Edible insects distribution trends
Channel Model
Collaboration/Partnership
xxxxxxxxxxxxxxxxxxxxxxxxxxx
xxxxxxxxxxxxxxxxxxxxxxxxxx
E-commerce (Online)
Retailers
Direct
Local Shops
3.3.1.1 Collaboration/Partnership
Companies collaborate for product launch and technology development. This strategy would
help the company to establish supply guarantees and royalties for supplying the desired
products.
Some companies take help of consultants and experts in different fields to get support in the
development and production of insect food products which conveys a professionalism image
for marketing the products.

3.3.2 Vendor matrix
TABLE 11 Vendor matrix

Regional
Company Role Products/Brands
Presence
HaoCheng
• •
Mealworms, Inc.
AgriProtein
•
Technologies
Kreca •
EnviroFlight •
Proti-Farm •

3.4 Innovation & sustainability
TABLE 12 Company innovation overview

Company Location Business Innovation
Bioflytech
Ynsect
Protix
Eat Grub
Entotech
Lower feed cost has led to rise in alternative feed products in aquaculture and poultry industry.
Insects are sustainable and economical feed source accounts to natural diets in fish and
poultry feed. Black soldier fly larvae is used as an alternative to fishmeal feed in aquaculture
industry. Insect species suitable for use as feed include maggots of common housefly, desert
locust, grasshoppers, silkworms, termites and mealworms.
Maggots are important animal protein source for poultry. Maggots can replace fishmeal in
broiler chicken production. Silkworm caterpillar meal is less expensive and is used as an
alternative to fishmeal feed.

3.5 Regulatory framework
3 . 5 . 1 E u r o p e a n F o od S a f e t y A g e nc y ( E F S A )
The European Food Safety Agency (EFSA) ensure consumer protection and maintain food
safety. The EFSA started to collect information about edible insects and include insects in
normal diet for both animal and human feed.
There are several legislative requirements that impact the use of insects as food and feed.
Currently, the feed ban provisions of Regulation (EC) No 999/20011 (TSE Regulation) do not
allow insect Processed Animal Protein (PAP) to be fed to farmed animals due to lack of a safety
profile. With respect to feed/substrate for insects, Annex III to Regulation (EC) No 767/20092
prohibits the feeding of faeces and separated digestive tract content even though these
materials are used in other parts of the world as substrates in insect production. The
legislative framework specifically related to insects used as food and feed, however, is still
under development. The processing and storage of insects and their products should follow
the same health and sanitation regulations as for any other traditional food or feed items in
order to ensure food safety. Issues to be considered include microbial, chemical and allergic
hazards. In addition, general animal (vertebrate) health and welfare rules should also apply
for insects.

3.6 Industry impact forces
TABLE 13 Industry impact forces
Growth driver Short term Medium term Long term
Asia Pacific: Growing demand owing to high

nutritional value and application in functional
foods
Europe: Rising adoption of edible insects in
food application as protein supplement
Low environmental impact
Low cost of raw materials and transportation
Industry pitfall Short term Medium term Long term
Limited technology and lack of knowledge
Lack of regulatory clarity
3.6.1 G r ow t h D r i v e r s
3.6.1.1 Asia Pacific: Growing demand owing to high nutritional

value and application in functional foods
Increasing applicability in functional food along with positive outlook towards consumer health
benefits is likely to drive edible insects market. Nutritional value of edible insects include
protein, fibres, dietary energy, minerals, vitamins, and fatty acids. Increase in edible insects
consumption has led to rise in sustainable diet owing to low environmental impact to food and
leading healthy life. Sustainable diets are healthy and safe, easily accessible, affordable and
nutritious for human consumption.
Edible insects are excellent alternative to traditional meat production as breeding of insects
has little environmental impact. Insects have a faster rate of reproduction compared to
mammals and require fewer resources (water, food and energy). An edible insect farm
pollutes less than traditional breeding and produced products with better nutritional values.
Many current agriculture methods are not sustainable and are a major cause of pollution and

therefore, global warming. Insects can be grown using less water and land than conventional
livestock.
Edible insects are rich in protein content which increase dietary quality. Protein content
depends on feed such as vegetables or waste and it varies by species. Food products uses
cricket and mealworm powders which are high in protein source containing all the essential
amino acids. Bugs are used in dietary supplements owing to health benefits and product
consumption by sportsmen and athletes.

TABLE 14 Average protein content comparison among insects, proteins, fish and mammals
Animal group Species Edible Protein content
product (g/100g fresh weight)
Insects (raw)
Cattle
Reptiles (cooked)
Fish (raw)


3.7 Growth potential analysis, 2017
FIG. 4 High Growth potential analysis, 2017

Growth potential
Low
Flour Bars Snacks Others
Low Moderate High
Ability to capture
Growth potential denotes the revenue opportunity offered by the segment while the ability to
capture denotes the potential of a new entrant to capture market share, taking into
consideration the intensity of competition. Bubble size represents the present revenue
Snacks dominated the market and are likely to exhibit significant high growth rate over the
forecast period. Cricket based protein products are used as healthy snacks. Cricket snack are
used to reduce saturated fats and carbohydrates. Snacks are high in protein, vitamin,
potassium, zinc, calcium, amino acid.

3.7.1.1 Addressable market potential
By 2024 Europe North America
Population
% of population likely to
add edible insects in diet
Target group (15-44)
% of population with
allergies
% of people willing to
include insect in their diet
today
Market size
Amount of USD consumed

per person/year

TABLE 15 Global aquafeed market volume, by region, 2013-2024, (Kilo Tons)

CAGR
Region 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 (2018-
24)
North America xx xx xx xx xx xx xx xx xx xx xx xx xx
Europe xx xx xx xx xx xx xx xx xx xx xx xx xx
Asia Pacific xx xx xx xx xx xx xx xx xx xx xx xx xx
LATAM xx xx xx xx xx xx xx xx xx xx xx xx xx
MEA xx xx xx xx xx xx xx xx xx xx xx xx xx
Total xx xx xx xx xx xx xx xx xx xx xx xx xx
TABLE 16 Global aquafeed market revenue, by region, 2013-2024, (USD Billion)

CAGR
Region 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 (2018-
24)
xx xx xx xx xx xx xx xx xx xx xx xx xx
North America
Europe xx xx xx xx xx xx xx xx xx xx xx xx xx
Asia Pacific xx xx xx xx xx xx xx xx xx xx xx xx xx
LATAM xx xx xx xx xx xx xx xx xx xx xx xx xx
MEA xx xx xx xx xx xx xx xx xx xx xx xx xx
Total xx xx xx xx xx xx xx xx xx xx xx xx xx

TABLE 17 Potential edible insects market size by replacing aquafeed, 2013-2024, (USD
Billion)
CAGR
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 (2018-
24)
xx xx xx xx xx xx xx xx xx xx xx xx xx
Revenue (USD Million)
3.7.1.2 Aquaculture industry
Use of insects as feed in aquaculture industry may drive the market. Aquaculture is the fastest
growing animal food sector and is expected to expand with increasing demand for fish.
Increase in fishmeal price owing to alternative protein source in aquaculture industry.
Black soldier fly larvae are used as an alternative to protein source in prawn diet. The larvae
are used as high protein and fat ingredient for carnivorous fish including bluegill, rainbow
trout, perch and bass. Dried black soldier fly prepupae contain 42% protein and 35% fat. In
rainbow trout, larvae use 25% of fishmeal and 38% fish oil.

3.8 Porter’s analysis
FIG. 5 Porter’s analysis
Threat of new entrants (xx → xx)
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Supplier power (xx → xx) Industry rivalry (xx → xx) Buyer power (Medium → Medium)
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx Large number of buyers present

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx particularly in China and South East
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx Asian countries such as Thailand,
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx Malaysia and Vietnam. Easy availability of
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx product with end-user industries prefer to
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx directly purchase from insect farmers.
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx Low threat of backward integration as
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx there is lack of regulatory policy which
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx concerns the investors which might not
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx prove to be a potential option for
traditional nutritional replacement .
Threat of substitutes (xx → xx)

3.9 Competitive landscape, 2017
Global edible insects market is highly fragmented with industry participants accounting to
high use of bugs products for human consumption.
EnviroFlight uses black soldier fly larvae as alternative to fishmeal feed. It is a leading
company in U.S. Fly larvae is high in protein content, low fat and consider as feed for
omnivorous species such as prawns, catfish and tilapia. The larvae are properly cooked, dried
and converted into meal.

3.10 PESTEL analysis
FIG. 6 PESTEL analysis
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Economic
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Political
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Technological
Social
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx Insect farming when optimized is suggested to emit lower
Environmental
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx emission of GHGs and ammonia than cattle or pigs and
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx higher efficiency in converting feed to protein. Insect
Legal
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx rearing/farming may be a low-tech activity and requires low-

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx capital investment.

Chapter 4 Edible Insects Market, By Product

4.1 Key product trends
Product Trends
A giant water beetle supplies about 20 grams of protein per 3.5-

Beetles
ounce, whereas June beetle supplies about 13.4. The nutritional
benefits related to beetles will foster the market demand.
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Caterpillars
Grasshoppers, locusts & These products are rich in protein source and prove beneficial for
crickets replacing meat and poultry consumption, which further stimulate

the industry demand.
Bees, wasps & ants
Scale insects & true bugs
Others

4.2 Beetles
4.2.1 G l o b a l e d i b l e i n se c t s m a r k e t f r o m be e t l e s, by r e gi o n, 2 0 1 3 - 2 0 2 4 ,
( U S D M i l l i on )
TABLE 18 Global edible insects market revenue from beetles, by region, 2013-2017,
(USD Million)
Region 2013 2014 2015 2016 2017
North America 0.59 xx xx xx xx
Europe 0.51 xx xx xx xx
Asia Pacific 2.19 xx xx xx xx
LATAM 1.77 xx xx xx xx
MEA 0.64 xx xx xx xx
Total 5.70 xx xx xx xx
TABLE 19 Global edible insects market revenue from beetles, by region, 2018-2024,
(USD Million)
CAGR
Region 2018 2019 2020 2021 2022 2023 2024
(2018-24)
North
America
Replacement of tradition source of protein from sources such as chicken and beef may drive
beetle demand over the foreseeable period. Beetles are efficient at turning cellulose from
trees (indigestible to humans) into digestible fat.
Aquatic beetles, dung beetles and wood-boring are different types of edible beetles. In
addition, beetles and their larvae are an important food source for many mammals and larger
birds. A giant water beetle supplies about 20 grams of protein per 3.5-ounce, whereas June
beetle supplies about 13.4. Palmworm beetle can have as much as 36 grams of protein.
Beetles are good source of iron, protein, calcium and zinc. They are also used to control water
hyacinth invasions.

Chapter 5 Edible Insects Market, By Application

5.1 Key application trends
Application Trends
Food products use cricket, mealworm and

grasshopper powders, rich in protein content
Flour
having all essential mineral and amino acids,
thereby driving the industry growth.
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Bars
Snacks
Others

5.2 Flour
5.2.1 G l o b a l e d i b l e i n se c t s m a r k e t f r o m f l o u r , by r e gi o n, 2 0 1 3 - 2 0 2 4 , ( U S D
Million)
TABLE 20 Global edible insects market revenue from flour, by region, 2013-2017, (USD
Million)
Region 2013 2014 2015 2016 2017
North America 0.95 xx xx xx xx
Europe 0.72 xx xx xx xx
Asia Pacific 2.53 xx xx xx xx
LATAM 1.97 xx xx xx xx
MEA 0.70 xx xx xx xx
TABLE 21 Global edible insects market revenue from flour, by region, 2018-2024, (USD
Million)
CAGR
Region 2018 2019 2020 2021 2022 2023 2024
(2018-24)
North
America
Key human consumption patterns involve the use of insects as a whole or in powder form for
flour, protein bars and other snacks. Food products use cricket, mealworm and grasshopper
powders, rich in protein content having all essential mineral and amino acids. Black soldier fly
larvae and maggots considered as substitute in fishmeal feed in aquaculture industry, are
consumed either whole or as processed meal. Grasshoppers, beetles, crickets, cockroaches,
termites, scale insects, flies, bees, wasps and ants are food sources for poultry and human
which may fuel edible insects market growth. Companies including Bitty, uses high protein
baking flours that are blend of cassava flour, milled crickets, tapioca starch and coconut flour.
Aketta grows its own crickets and sell or markets whole roasted and cricket flour.

Chapter 6 Edible Insects Market, By Region

6.1 Key regional trends
Region Trends
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
North America
France and UK allow insect imports but the

procedure is lengthy and expensive, which may
hinder industry growth. It is used for tomato
Europe
sauce production from insect flour, thereby
driving the industry growth.
In many parts of APAC, edible insects are

accepted as dietary substitute. Many insects
including caterpillars, beetles, crickets,
Asia Pacific grasshoppers, locusts are widely consumed in
the region, thereby propelling the industry
growth.
Latin America
Middle East & Africa

6.2 North America
6.2.1 N or t h A m e r i c a e d i b l e i nse c t s m a r k e t , by p r o du c t , 2 0 1 3 - 2 0 2 4 , ( U S D
Million)
Product 2013 2014 2015 2016 2017
Beetles 0.591 xx xx xx xx
Caterpillars 0.497 xx xx xx xx
Grasshoppers,
locusts & 0.664 xx xx xx xx
crickets
Bees, wasps &

0.355 xx xx xx xx
ants
Scale insects 0.188 xx xx xx xx

& true bugs
Others 0.070 xx xx xx xx
CAGR
Product 2018 2019 2020 2021 2022 2023 2024
(2017 – 24)
Beetles xx xx xx xx xx xx xx xx
Caterpillars xx xx xx xx xx xx xx xx
Grasshoppers,
locusts & xx xx xx xx xx xx xx xx
crickets
Bees, wasps &
ants
Scale insects &

true bugs

6.2.2 N or t h A m e r i c a e d i b l e i n se c t s m a r k e t , by a p pl i c a t i o n, 2 0 1 3 - 2 0 2 4 ,
( U S D M i l l i on )
TABLE 24 North America edible insects revenue, by application, 2013-2017, (USD

Million)
Application 2013 2014 2015 2016 2017
Flour 0.947 xx xx xx xx
Bars 0.663 xx xx xx xx
Snacks 0.615 xx xx xx xx
Others 0.141 xx xx xx xx
TABLE 25 North America edible insects revenue, by application, 2018-2024, (USD

Million)
CAGR
Application 2018 2019 2020 2021 2022 2023 2024
(2017 – 24)
Flour xx xx xx xx xx xx xx xx
Bars xx xx xx xx xx xx xx xx
Snacks xx xx xx xx xx xx xx xx
Increase in insect consumption as traditional food mainly in the U.S. is likely to drive edible
insects market demand in the region. Approximately 2,000 edible insects species are
described globally, and almost over 90 are used as food in North America. Insects are mostly
consumed in processed form, which range from granules to pastes and powders that are
usually added to drinks, confectionery, snacks, or baked goods.
Crickets are consumed in North America region, either as fried, roasted and boiled. According
to North American Edible Insect Coalition, is to foster collaboration amongst stakeholders and
create a consolidated voice to encourage insect growth as both food and feed. North America
is expected to witness strong gains during forecast period owing to rising population demand
and acceptance of edible insect as novel food product.

Chapter 7 Company Profiles

7.1 EnviroFlight
7 . 1 . 1 B u si n e s s O v e r v i e w
Snapshot
Headquarters U.S.
Year of Establishment 2009
Employees 16 (As of 2016)
Regional Presence U.S.
D-U-N-S Number 02-188-2557
Traded N/A
Net Worth N/A
Market Value N/A
EnviroFlight is engaged in producing animal and plant feed by producing processing waste
distillers’ grains through the use of black soldier fly larvae. The company offers feed to pet
food distributors, zoos, and freshwater prawn farmers. The company markets its products
through online distribution channels in the U.S. It also produces antibiotic-free nutrients from
the co-products of bio-fuels, breweries, and food manufacturing. All the products of the
company are natural and free of antibiotics and pesticides and raised without added
hormones.
The estimated net sales in 2016 were USD 2.5 million.

Application
Product Feature
• The products are premium dried

Black Soldier Fly Larvae (BFSL),
which are manufactured from
oven-dried larvae without the use
• Poultry, aquaculture, and
Enviro Bug of chemicals or microwave
exotics
• It contains protein content of
approximately 40-43%, fat
content of 12-20%, and a fiber
content of 6-8%
• The meal is pressed larvae, which

are BFSL, produced from oven-
dried larvae
Enviro Meal
• The products are approved by
• Poultry, aquaculture,
The Association of American Feed
pets, young animals, and
Control Officials (AAFCO)
exotics
• Enviro oil is mechanically
produced from oven-dried larvae
Enviro Oil
providing a high-fat oil rich in
lauric acid

7 . 1 . 4 S W O T A n a l y si s
FIG. 7 SWOT Analysis, Enviroflight
• Strong focus on research & development

Wide regional presence
S •
• Growing market penetration capabilities
• The company is not vertically integrated
W • Weak global presence
• Focus on strategic capacity expansion initiatives to enhance the product

portfolio
O • Acquisitions and partnerships to expand the regional presence
• Other manufacturers in the same segment of the industry

Raw material procurement risks
T •
• In April 2016, Intrexon, a biotech company based in the U.S. acquired EnviroFlight
and aims to scale up its production through a joint venture with Darling Ingredients
Note: The final report will contain profiles of the following companies based on the above
mentioned attributes (company overview, revenue, products, applications, and strategic
developments):

7.2 HaoCheng Mealworms, Inc.

7.3 Agriprotein Technologies
7.4 Kreca
7.5 Proti-Farm
7.6 Chapul LLC
7.7 Exo Protein
7.8 Thailand Unique
7.9 Six Foods
7.10 Bitty Foods
7.11 Gathr Foods
7.12 Crowbar Protein
7.13 Green Kow
7.14 Edible Inc.
7.15 Crik Nutrition
7.16 Nutribug Ltd.
7.17 Cricket Flours
7.18 Crickers
7.19 Bugsolutely
7.20 Bensbugs
7.21 Ecobars Pty Ltd.
7.22 LaViewEye
7.23 Bugeater Foods
7.24 Insectitos
7.25 Fluker’s Cricket Farm Inc
7.26 Entomo Farms
7.27 Micronutris
7.28 Entotech
7.29 Ynsect

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Edible Insects Market Size By Product (Beetles, Caterpillars, Grasshoppers, Bees, Wasps,

Global Market Insights, Inc.

Copyright © 2017 Global Market Insights

©Global Market Insights. All Rights Reserved. Page | 2

©Global Market Insights. All Rights Reserved. Page | 3

Chapter 1 Methodology & Scope

Chapter 2 Executive Summary

Chapter 3 Edible Insects Industry Insights

©Global Market Insights. All Rights Reserved. Page | 4

3.6 Industry impact forces

Chapter 4 Edible Insects Market, By Product

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Chapter 5 Edible Insects Market, By Application

Chapter 6 Edible Insects Market, By Region

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6.2.4.1 U.S. edible insects market, 2013-2024, (USD Million)

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6.4.4.2 China edible insects market, by product, 2013-2024, (USD

Chapter 7 Company Profiles

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7.1.2 Financial Data

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7.8 Thailand Unique

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7.15.1 Business Overview

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7.22.2 Financial Data

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TABLE 71 U.S. edible insects revenue, by product, 2018-2024, (USD Million)

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Charts & Figures

FIG. 1 Industry segmentation

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Chapter 1 Methodology & Scope

• An example of country level forecast is given below for reference:

Key parameters considered while estimating U.S. edible insects market

Product segment share for U.S. edible insects market

Product segment U.S. Market share (2017)

Grasshoppers, locusts & cricket 21.2%

Bees, wasps & ants 15.9%

Scale insects & true bugs 10.0%

©Global Market Insights. All Rights Reserved. Page | 18

Major industry players approached during research process

List of secondary sources

Region Secondary sources

• North American Edible Insect Coalition

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• National Pasta Association

• International Platform of Insects for Food and Feed(IPIFF)

• The Asia Pacific Food and Feed Insects Association

1.2 Market definitions

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1.3 Market estimation & forecast parameters

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1.4 Data Sources

1.4.2.1 Paid Sources

1.4.2.2 Public Sources

• North American Edible Insect Coalition

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