Uploaded on Mar 17, 2021
Edible insects or insect products consumed as snack alternatives are commonly referred to as insect snacks. Insect snack is a feasible alternative to various other healthy snacks as it offers the high nutritional content at a lower cost. Insects are a rich source of proteins, minerals, vitamins, and essential amino acids as compared to other sources, such as fish and meat. Moreover, rearing of insects is a sustainable industrial farming practice as they help in lowering the ecological footprint by emitting low amounts of greenhouse gases and ammonia, in comparison to other livestock.
Insect Snacks Market Research Report Forecast to 2023
INSECT SNACKS MARKET REPORT
2023
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2023
PREPARED BY
Market Research Future
(Part of Wantstats Research & Media Pvt. Ltd.)
INSECT SNACKS MARKET 2020
Insect Snacks Market 2020: Industry Survey, Growth, Competitive
Landscape and Forecasts to 2023
Edible insects or insect products consumed as snack alternatives are commonly referred to as insect snacks.
Insect snack is a feasible alternative to various other healthy snacks as it offers the high nutritional content at a
lower cost. Insects are a rich source of proteins, minerals, vitamins, and essential amino acids as compared to
other sources, such as fish and meat. Moreover, rearing of insects is a sustainable industrial farming practice as
they help in lowering the ecological footprint by emitting low amounts of greenhouse gases and ammonia, in
comparison to other livestock
Based on insect type, the global insect snacks market has been segmented into Coleoptera, Lepidoptera,
Hymenoptera, Orthoptera, Hemiptera, and others. The Coleoptera segment is expected to gain the largest
revenue share in the global insect snacks market owing to the high protein content and their ability to convert
cellulose into digestible fat. However, the orthoptera segment is projected to register the highest CAGR as they
are available in abundance, offer high protein content, and can easily be mixed in any flavor. For instance,
crickets belonging to the order Orthoptera contain nearly 69% protein, all nine essential amino acids, vitamin
B12, iron, calcium, fiber, and omega 3 & 6.
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INSECT SNACKS MARKET 2020
MARKET SEGMENTATION
The global insect snacks market has been segmented on the basis of insect type, packaging type, end-use, and
region.
The global insect snacks market has been divided, by insect type, into Coleoptera, Lepidoptera, Hymenoptera,
Orthoptera, Hemiptera, and others.
Based on packaging type, the global insect snacks market has been segregated into cans, pouches, bottles, and
others.
By end-use, the global insect snacks market is bifurcated into food service and food retail.
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INSECT SNACKS MARKET 2020
REGIONAL ANALYSIS
The global insect snacks market has been segmented by region, into North America, Europe, Asia-Pacific, and
Rest of the World.
Asia-Pacific is projected to dominate the global insect snacks market due to the high acceptance rate of the
concept of consuming insects in the region. Moreover, several insects are being reared in various Asia-Pacific
countries, such as China, Korea, India, Thailand, Malaysia, and Vietnam for their consumption in the form of
snacks.
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INSECT SNACKS MARKET 2020
Application & Major Players in this Research:
Insect Snacks Market Prominent Players:
• Eat Grub (UK)
• Jimini’s (France)
• Thailand Unique (Thailand)
• Entomo Farms (Canada)
• Chapul Cricket Protein (US)
• Edible Inc. (Korea)
• Cricket Flours (US)
• EXO (US)
• Six Foods (US)
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