Market Research News Edible Insect Food Market | Page 2

The global edible insect food market is segmented into type such as mealworm,
locusts, grasshoppers, caterpillar, beetles, termites and others. Among these
segments, beetles segment is envisioned to grasp a remarkable CAGR by the end
of 2023. Likely, growing popularity of edible insect food in developing and
developed nations on the back of high protein content is envisioned to flourish
the growth of global edible insect food market. Apart from this, increasing
inclination of population towards health and fitness is also anticipated to foster
the growth of global edible insect food market over the forecast period.
Global edible insect food market is anticipated to showcase a tremendous CAGR
of 42.1 % during the forecast period i.e. 2015-2021. Moreover, the global edible
insect food market is projected to account exponential sales of USD 522.5 Million
by the end of 2021. Additionally, the market is riding on the back of increasing
health concerns among the consumers.
The flour segment is projected to attain a maximum number of shares in overall
edible insect food market. In terms of geography, With USD 13.0 Million, Asia-
Pacific region accounted for the lion share in the global edible insect food market
aided by China, Thailand and others. Further, wide availability of edible insect
food in this region is predicted to upsurge the growth of edible insect food
market. Apart from this, Europe edible insect food market is anticipated to grow
at robust CAGR and reach USD 46.2 Million by 2023.
High Cost of Other livestock
Rising monetary cost of conventional livestock such as pigs, chicken and others
are projected to uplift the sales of edible insect food market. Moreover, rising
awareness regarding the benefits of edible insect food such as high protein
content loaded with numerous vitamins is also predicted to fuel the demand for
edible insect food.
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Rising Health Consciousness
Increasing inclination of young generation towards the fitness and wellness and
swelled disposable income are projected to flourish the growth of edible insect
food market. Moreover, growing adoption of edible insect food due to presence of
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