Edible Insect Food Market Trends

Growth Drivers

Insect Farming

Insect farming would likely be able to produce lower greenhouse gases than that of a livestock. Insects feed on bio-waste, uses considerably less water than that of a livestock, and can be farmed more effortlessly. These are the factors contributing towards the insect farming and has a huge global potential for both animal feed and food production, which, in turn, will lead to the overall market growth of edible insects. Additionally, insect farming also provides essential livelihoods to people in rural areas as minimal technical and capital investment is necessary for basic harvesting and rearing equipment.

Rising Health And Fitness Consciousness

Edible insects are extensively used in the manufacturing of low calorie and high protein bars in order to increase the muscle growth. Their easy solubility, neutral taste, and performance-enhancing characteristics making it well-suited with several kinds of protein bar products in the market which is likely to boost the edible insects market growth.

Furthermore, the escalating geriatric population and growing demand for lean protein sources is projected to positively impact the market growth. Furthermore, increasing usability of edible insects in keto diets and raising awareness on the high amino acid, mineral, and vitamin concentration are likely to boost the demand for edible insects.

Challenges

Safety and health issues, legislative requirements, negative perceptions related to insect consumption among consumers, lack of distribution and networking channels, and lack of awareness are a few of the key factors that might hamper the growth of the global edible insect market.