Global Edible Insects Market is expected to grow at a CAGR of 7.2%

Global Edible Insects Market Information: by Type (Caterpillars, Bees, Ants, Beetles, Grasshoppers, Crickets and Mealworm), Application (Food & Beverages, Bakery, Snacks and Feed), Distribution Channel (Store & Non-Store Based) and Region - Forecast till 2023

Growing demand for nutritional products is supporting the growth of edible insect’s market at a global stage. Market Research Future, a firm which specializes in market reports related to the Food, Beverages Nutrition sector among others, recently forecasted in its report on ‘Global Edible Insects Market Research Report- Forecast to 2023’ that the market will demonstrate an exceptional CAGR during the forecast period.

Some of the key players profiled in the global edible insects market:  Nordic Insect Economy Ltd. (Finland), Thailand Unique (Thiland), Haocheng Mealworms Inc. (China), Chapul Inc. (U.S.), Nutribug Ltd. (U.K), Bugsolutely Ltd. (Thiland), Eap Group, Sarl (France)

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Edible insects are segmented based on type, which includes caterpillars, bees, ants and wasps, beetles, scale insects, grasshoppers, crickets and locusts, mealworm, and others. Based on the application, the edible insects market is segmented into food beverages, bakery products, savory snacks, animal feed, and others. Based on the distribution channel, the market is segmented into the store-based and non-store-based distribution channel.

The Global Edible Insects Market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). Asia Pacific is dominating the edible insects market followed by rest of the world. Thailand is the leading consumer of edible insects owing to the increasing awareness about the benefits of consuming edible insect products. Additionally, growing awareness towards insect farming is the key driving factor in this region.

Jan 2018 EU standardizes edible insect rules. European Food Safety Authority (EFSA) will approve applications for edible bugs that will then be legal to serve to Europeans throughout the EU.

Nov 2017 Coop Switzerland has followed up the launch of burgers and meatballs developed from insects with ‘Insect Bars’, a range of energy bars made from dried crickets, along with dates, apples, sultanas and cranberries.

Growing consumer interest towards edible insects in the food and feed industry is increasing owing to the presence of amino acids and essential minerals, which has several health benefits associated with the consumption. Edible insects are rich source of protein, fibre, energy, minerals, vitamins, and fatty acids, which has shown a boundless inclination towards the edible insect products. Moreover, increased preference for natural ingredients in food beverage products has surged the demand for edible insects in the global market.

Browse the market data and information spread across 110 pages with 25 data tables and 15 figures of the report Edible Insects Market Research Report- Forecast till 2023 in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/edible-insects-market-4902

 

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