Edible Insects Market Predicted to Show Substantial Growth in Future
The global edible insects market is projected to surpass US 850 million by the end of 2027 in terms of revenue growing at CAGR of 6 7 during the forecast period 2020 to 2027 Edible insects are consumed across various ...
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The global edible insects market is projected to surpass US$ 850 million by the end of 2027, in terms of revenue, growing at CAGR of 6.7% during the forecast period (2020 to 2027).
Edible insects are consumed across various regions as they are rich in various nutrients such as amino acids and essential minerals. Wasps, ants, bees, beetles, scale insects, cockroaches, flies, termites, crickets, and grasshoppers are some edible insects. They are also used across the aquaculture and poultry industries.
The advantage such as low cost of investment as compared to other conventional livestock such as pork, beef, and chicken is expected to augment the market growth of edible insects. Rising demand for protein-rich food products such as protein bars and snacks due to rising health consciousness among consumers is also expected to accelerate the market growth of edible insects over the forecast period.
Increasing demand for mixed insect’s packs that entails various edible insects is expected to augment the market growth of the edible insects. The mixed insect's packs usually contain mealworms, crickets, and cockroaches that are packed in deli cups and this is considered under ready-to-eat food products. Thus, the rising demand for mixed insect packs will favor market growth.
Growing cases of livestock disease are creating demand for edible insects which is further expected to fuel the market growth over the forecast period. The growing demand for cricket flour which is gluten-free which can be used for producing various food products is further expected to propel the market growth over the forecast period.
