Edible Insects Market

Report Snippet Chapter 1 : Table of Contents Chapter 2: Market Purview Chapter 3: Market Dynamics Chapter 4: Global Edible Insects Market , By Product Chapter 6: Global Edible Insects Market , By Application Chapter 5: Global Edible Insects Market , By Insect Type Chapter 7: Global Edible Insects Market , By Region Chapter 8: Company Profiles Investment Outlook Future of the Market 2 Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved

Table of Content Sr. No. Content 1.0 Chapter 1 Research Methodology Research Objective and Assumption Research Process Scope & Coverage Currency Conversion Rate 2.0 Chapter 2 2.1 Market Purview 2.2 Executive Summary Market Snippet, By Product Market Snippet, By Insect Type Market Snippet, By Application Market Snippet, By Region Opportunity Map Analysis 3.0 Chapter 3 Drivers 4 Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved

Table of Content Sr. No. Content Restrains Opportunities Trends DR Impact Analysis Porter’s Five Forces Analysis COVID-19 Impact on the Market Key Highlights Market Penetration 4.0 Chapter 4 4.0.1 Global Edible Insects Market Value (US$ Bn), By Product Segment Overview Market Value and Forecast (US$ Bn), and Share (%) Analysis, 2019 – 2030 Y-o-Y Growth (%) Analysis, 2019 – 2030 4.1 Whole Insect Overview Market Value and Forecast (US$ Bn), and Y-o-Y Growth (%) Analysis, 2019 – 2030 5 Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved

Table of Content Sr. No. Content 4.2 Insect Powder Overview Market Value and Forecast (US$ Bn), and Y-o-Y Growth (%) Analysis, 2019 – 2030 4.3 Insect Meal Overview Market Value and Forecast (US$ Bn), and Y-o-Y Growth (%) Analysis, 2019 – 2030 4.4 Insect Oil Overview Market Value and Forecast (US$ Bn), and Y-o-Y Growth (%) Analysis, 2019 – 2030 5.0 Chapter 5 5.0.1 Global Edible Insects Market Value (US$ Bn), By Insect Type Segment Overview Market Value and Forecast (US$ Bn), and Share (%) Analysis, 2019 – 2030 Y-o-Y Growth (%) Analysis, 2019 – 2030 5.1 Crickets Overview 6 Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved

Table of Content Sr. No. Content Market Value and Forecast (US$ Bn), and Y-o-Y Growth (%) Analysis, 2019 – 2030 5.2 Black Soldier Fly Overview Market Value and Forecast (US$ Bn), and Y-o-Y Growth (%) Analysis, 2019 – 2030 5.3 Meal Worms Overview Market Value and Forecast (US$ Bn), and Y-o-Y Growth (%) Analysis, 2019 – 2030 6.0 Chapter 6 6.0.1 Global Edible Insects Market Value (US$ Bn), By Application Segment Overview Market Value and Forecast (US$ Bn), and Share (%) Analysis, 2019 – 2030 6.1 Animal Feed Overview Market Value and Forecast (US$ Bn), 2019 – 2030 6.2 Protein Bar & Shakes Overview 7 Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved

Table of Content Sr. No. Content Market Value and Forecast (US$ Bn), and Y-o-Y Growth (%) Analysis, 2019 – 2030 6.3 Bakery Overview Market Value and Forecast (US$ Bn), and Y-o-Y Growth (%) Analysis, 2019 – 2030 6.4 Confectionery Overview Market Value and Forecast (US$ Bn), and Y-o-Y Growth (%) Analysis, 2019 – 2030 6.5 Others Overview Market Value and Forecast (US$ Bn), and Y-o-Y Growth (%) Analysis, 2019 – 2030 7.0 Chapter 7 7.0.1 Global Edible Insects Market Value (US$ Bn), By Region Overview Market Value and Forecast (US$ Bn), and Share (%) Analysis, 2019 – 2030 Y-o-Y Growth (%) Analysis, 2019 – 2030 7.1 North America 8 Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved

Table of Content Sr. No. Content Overview Market Value and Forecast (US$ Bn), 2019 – 2030 North America Edible Insects Market , By Product North America Edible Insects Market , By Insect Type North America Edible Insects Market , By Application North America Edible Insects Market , By Country U.S. Market Value and Forecast (US$ Bn), 2019 – 2030 Canada Market Value and Forecast (US$ Bn), 2019 – 2030 7.2 Europe Overview Market Value and Forecast (US$ Bn), 2019 – 2030 Europe Edible Insects Market, By Product Europe Edible Insects Market, By Insect Type Europe Edible Insects Market, By Application 9 Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved

Table of Content Sr. No. Content Europe Edible Insects Market, By Country Germany Market Value and Forecast (US$ Bn), 2019 – 2030 UK Market Value and Forecast (US$ Bn), 2019 – 2030 France Market Value and Forecast (US$ Bn), 2019 – 2030 Russia Market Value and Forecast (US$ Bn), 2019 – 2030 Italy Market Value and Forecast (US$ Bn), 2019 – 2030 Rest of Europe Market Value and Forecast (US$ Bn), 2019 – 2030 7.3 Asia Pacific Overview Market Value and Forecast (US$ Bn), 2019 – 2030 10 Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved

Table of Content Sr. No. Content Asia Pacific Edible Insects Market , By Product Asia Pacific Edible Insects Market , By Insect Type Asia Pacific Edible Insects Market , By Application Asia Pacific Edible Insects Market , By Country Market Value and Forecast (US$ Bn), 2019 – 2030 India Market Value and Forecast (US$ Bn), 2019 – 2030 Japan Market Value and Forecast (US$ Bn), 2019 – 2030 South Korea Market Value and Forecast (US$ Bn), 2019 – 2030 Rest of Asia-Pacific Market Value and Forecast (US$ Bn), 2019 – 2030 7.4 Latin America Overview Market Value and Forecast (US$ Bn), 2019 – 2030 11 Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved

Table of Content Sr. No. Content Latin America Edible Insects Market , By Product Latin America Edible Insects Market , By Insect Type Latin America Edible Insects Market , By Application Latin America Edible Insects Market , By Country Brazil Market Value and Forecast (US$ Bn), 2019 – 2030 Mexico Market Value and Forecast (US$ Bn), 2019 – 2030 Rest of Latin America Market Value and Forecast (US$ Bn), 2019 – 2030 7.5 Middle East & Africa Overview Market Value and Forecast (US$ Bn), 2019 – 2030 Middle East & Africa Edible Insects Market , By Product Middle East & Africa Edible Insects Market , By Insect Type Middle East & Africa Edible Insects Market , By Application 12 Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved

Table of Content Sr. No. Content Middle East & Africa Edible Insects Market , By Country GCC Market Value and Forecast (US$ Bn), 2019 – 2030 Israel Market Value and Forecast (US$ Bn), 2019 – 2030 South Africa Market Value and Forecast (US$ Bn), 2019 – 2030 Rest of Middle East & Africa Market Value and Forecast (US$ Bn), 2019 – 2030 8.0 Chapter 8 8.0.1 Company Profiles 8.1 Ÿnsect (SAS) Company Overview Product Portfolio Key Highlights Financial Overview 13 Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved

Table of Content Sr. No. Content Business Strategies SWOT Analysis 8.2 Protix B.V. Company Overview Product Portfolio Key Highlights Financial Overview Business Strategies SWOT Analysis 8.3 Enterra Feed Corporation Company Overview Product Portfolio Key Highlights Financial Overview Business Strategies SWOT Analysis 14 Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved

Table of Content Sr. No. Content 8.4 InnovaFeed Company Overview Product Portfolio Key Highlights Financial Overview Business Strategies SWOT Analysis 8.5 EnviroFlight, LLC Company Overview Product Portfolio Key Highlights Financial Overview Business Strategies SWOT Analysis 8.6 Nutrition Technologies Group Company Overview 15 Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved

Table of Content Sr. No. Content Product Portfolio Key Highlights Financial Overview Business Strategies SWOT Analysis 8.7 Entomo Farms Company Overview Product Portfolio Key Highlights Financial Overview Business Strategies SWOT Analysis 8.8 Hargol FoodTech Company Overview Product Portfolio Key Highlights 16 Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved

Table of Content Sr. No. Content Financial Overview Business Strategies SWOT Analysis 8.9 Aspire Food Group Company Overview Product Portfolio Key Highlights Financial Overview Business Strategies SWOT Analysis 8.10 All Things Bugs LLC Company Overview Product Portfolio Key Highlights Financial Overview Business Strategies 17 Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved

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Research Methodology Identification of data Collection of Verification Collaboration and Analysis Evaluation of of Data Data Market Dynamics 2.This process consists of gathering accessing databases, and reaching out to key participants operate in the market across the value chain. It also involves studying several patternsin the historical data and comparing it with the current scenario. 3.This stage involves the validation of arrival at actual statistics, and evolution market over the years. It entails the analyzes various segments and Applications of the market. An impact analysis is also performed observe which factors will affect the market in the next few years. 4. This is the final stage, which involves quantity and checks. Although process verification is an integral part of the process, all data points and statistics and figures are re-checked to uphold their authenticity validity. 1. This step involves identification of several primary and secondary data research sources, including Prophecy internal data sources. The primary sources consist of in-depth discussions and interviews with policy makers, industry experts, and data evaluators, whereas secondary sources include a thorough study of market journals, press releases, annual reports, and Pharmaceuticals and non Pharmaceuticals agencies websites. This phase includes a detailed evaluation of several factors that are likely to affect the market dynamics. It involves a comprehensive assessment of major market pain points, drivers, and trends. data, data and both quality proprietary of the the data industry that of study and research to and Source: Prophecy Market Insights 22 Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved

Research Objective To analyze several micro-market indicators considering factors, market strategic market contribution To offer wide ranging market statistics with classification along with the market size of each segment growth and To predict the size of the market a detailed prospects, To analyze key strengths, opportunities, and strategies of major companies To Governance, Risk Management and Compliance (GRC) market in globally based on segmentation and region outline and forecast the To study market opportunities for participants and stakeholders by identifying high growth sectors in the market To examine competitive scenarios such as collaborations, mergers and acquisitions, R&D activities, and advanced developments To information about factors that affect market dynamics provide comprehensive Source: Prophecy Market Insights 23 Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved

Research Process PROJECT REPORT POST-SALE SCOPE DELIVERY SERVICE PROJECT REPORT KICKOFF SYNTHESIS MARKET PRELIMINARY ANALYSIS & RESEARCH SEGMENTATION Source: Prophecy Market Insights 24 Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved

Research Methodology Global Market Size Market/Revenue share split by each market segment such as By Product Fracturing Fluids/Fracturing Fluids sector/end user Market/Revenue share of each key player in each Type segment Market/Revenue share of each key player in the global market Market/Revenue share split by each region and country in the global market Top-down Approach – Bottom-up Approach – Market size and analysis validation through primary and secondary research participants and key opinion leaders. Primary Sources:  Demand Side Key Opinion Leaders  Supply Side Key Opinion Leaders Secondary Sources:  Annual Reports  Financial Reports and Presentations  Press Releases  Research Journals  Paid Data Sources Collection of market related data and information from primary and secondary sources, and data analysis. Primary Sources:  Demand Side Key Opinion Leaders  Supply Side Key Opinion Leaders Secondary Sources:  Annual Reports  Financial Reports and Presentations  Press Releases  Research Journals  Paid Data Sources Source: Prophecy Market Insights 25 Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved

Research Methodology Definition and Scope – Prophecy Market Insights provide the market definition to understand the target Type/service and provide the market scope to understand the report coverage after thoroughly understanding of target market and market specific requirements. Primary Research – We formulates a detailed discussion guide to perform primary research. In primary research collection of data is performed through telephonic interview, E-mail questionnaire’s, and in-depth discussion with industry experts, manufacturers, suppliers, and distributors. The primary research participant includes but not limited to CEO’s, Managers, Directors, VP’s, Suppliers, CSO’s, and etc. Secondary Research – Our research analyst performs in-depth secondary research and extensive data mining to collect market related information through various authentic data sources such as Annual Reports, Trade Publications, Magazines, Research Publications, Company Press Release, and some paid data sources. In-house Data Analysis – After extensive data mining, we perform in-house market analysis by using various data tools, statistical methods, and data analysis tools to arrive on a conclusion and reduce the margin of error. We provide our overviews and market forecast for the target market after thoroughly understanding and analyzing of collected data, historic market trends, and research outputs. Report Delivery – Prophecy Market Insights provide report in required electronic format (preferablyin PDF format), as PDF format is easy to read and present. Source: Prophecy Market Insights 26 Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved

Scope & Coverage The report considers 2019 as the base year. All calculations involving quantitative data are based on 2019. The values represented in the report are actual values for 2019, whereas, the values are estimated for the period 2020−2030. 2019 2020 2021-2030 Base Year Estimated Year Forecast Years Source: Prophecy Market Insights 28 Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved

Market Segmentation Global Edible Insects Market By Product By Region By Insect Type By Application  North America  Europe  Asia Pacific  Latin America  Middle East & Africa  Animal Feed  Protein Bar & Shakes  Bakery  Confectionery  Others  Whole Insect  Insect Powder  Insect Meal  Insect Oil  Crickets  Black Soldier Fly  Meal Worms Source: Prophecy Market Insights 29 Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved

Currency Conversion Currency Conversion 2013-2018 The standard currency used throughout the report is USD ($). However, in the case of other currencies, the annual average currency rate (January 1 to December 31) is used for conversion. These conversion rates are rounded to the nearest decimal place. The chart below represents the standardconversion rates used in the report. Currency Conversion 2013 2014 2015 2016 2017 2018 $/€ USD/EUR 0.7532 0.7535 0.8969 0.8988 0.8605 0.8566 $/£ USD/GBP 0.6395 0.6072 0.6526 0.7309 0.7607 0.7586 $/¥ USD/JPY 98.58 105.84 120.9 107.5269 113.8867 111.0019 $/₭ USD/SEK 6.5127 6.8587 8.404 8.9328 8.4135 8.8826 $/A$ USD/AUD 1.0362 1.1094 1.3112 1.343 1.3042 1.3578 $/¥ USD/RMB (CNY) 6.1905 6.1432 6.1606 6.61 6.6294 6.6675 30 Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved

Executive Summary (1/9) Overview  The Edible Insects Market is expected to reach $9.6 billion by 2030, at a CAGR of 28.3% during the forecast period 2022–2030. In terms of volume, the edible insects market is expected to reach 3,139,035.10 tonnes by 2030, at a CAGR of 31.1% during the forecast period 2022–2030. Source: Prophecy Market Insights 32 Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved

Executive Summary (3/9) Table 2.1: Global Edible Insects Market Overview Parameters 2020 (E) 2030 (F) xx Bn 9.6 Bn| CAGR: 28.3% | Global Edible Insects Market Value (US$ Bn) By Product Segment with Largest Value (US$ Bn) Whole Insect: XX Whole Insect: XX By Product Segment with Highest CAGR (%)-2019-2029 CAGR- XX% By Insect Type Segment with Largest Value (US$ Bn) Crickets: XX Crickets: XX By Insect Type Segment with Highest CAGR (%)-2019-2029 CAGR-XX% By Application with Largest Value (US$ Bn) XX XX By Application Segment with Highest CAGR (%)-2019-2029 CAGR- XX% Source: Prophecy Market Insights To be Continued … 33 Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved

Executive Summary (4/9) Table 2.2: Global Edible Insects Market Overview Parameters 2019 (E) 2029 (F) By Region with Largest Value (US$ Bn) Asia Pacific : XX Asia Pacific xx By Region with Highest CAGR (%)-2019-2029 CAGR- XX% Key Market Players: Ÿnsect (SAS), Protix B.V., Enterra Feed Corporation, InnovaFeed, EnviroFlight, LLC, Nutrition Technologies Group, Entomo Farms, Hargol FoodTech, Aspire Food Group, and All Things Bugs LLC. Source: Prophecy Market Insights 34 Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved

Executive Summary (5/9) Figure 2.1: Global Edible Insects Market Value Share (%), By Product – 2020 (E) Description  The growth of this market is driven by the growing greenhouse gas emissions from the livestock and poultry industries, the high nutritional value of insects, the environmental benefits of edible insects, the rising demand for insect protein in the animal feed industry, and the low risk of transmitting zoonotic diseases with the consumption of edible insects. Whole Insect Insect Powder Insect Meal Insect Oil Analysis  The insect powder segment is expected to grow at the highest CAGR during the forecast period 2020—2030.  The increasing inclination of consumers toward fitness & wellness, the rising number of health clubs & fitness centers serving insect powder, the emergence of several start-ups producing insect protein bars & shakes, and busy lifestyles demanding highly nutritious & convenient foods, such as insect powder are some of the major drivers of growth in this segment. Source: Prophecy Market Insights 35 Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved

Executive Summary (6/9) Figure 2.2: Global Portable 2020 (E) Figure 2.2: Global Edible Insects Market Value Share (%), By Insect Type – Figure 2.3: Global Edible Insects Market Value Share (%), By Application - Figure 2.4: Global Edible Insects Market Value Share (%), By Region – 2019 (E 2020(E) Animal Feed Crickets Protein Bar & Shakes Black Soldier Fly Bakery Confectionery Mealworms Beverages Analysis and Outcome  Based on insect type, the edible insects market is segmented into crickets, mealworms, black soldier flies, buffalo worms, grasshoppers, ants, silkworms, cicadas, and others. In 2022, the crickets segment is estimated to account for the largest share of the edible insects market. The growth of the crickets segment is attributed to the high nutritional value and easy farming & processing of crickets, their incorporation into various recipes and foods products, and the rising demand for cricket-based food products, such as protein powders, protein bars, and snacks. Source: Prophecy Market Insights 36 Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved

Executive Summary (5/9) Description Figure 2.4: Global Edible Insects Market Value Share (%), By Region – 2020 (E)  North America is slated to register the highest CAGR during the forecast period. The increasing demand for edible insects in this region is due to the growing demand for environment-friendly protein-rich food. Moreover, increasing familiarity with insects-as- food, decreasing food neophobia, and altering attitudes towards insects, both in general and as food, are the key factors responsible for the rising acceptance of edible insects in North America. North America Asia Pacific Europe Latin America Middle East & Africa Source: Prophecy Market Insights 37 Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved

Executive Summary Market at Glance (2020) Europe: XX Mn CAGR: XX% North America: XX Mn CAGR: XX% APAC: XX Mn CAGR: XX% Latin America: XX Mn CAGR: XX% MEMA: XX Mn CAGR: XX% 38 Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved

Drivers (1/4) Rising demand for insect protein in the animal feed industry fuels the growth of the edible insects market  Developing regions, such as Asia, Africa, and Latin America, are expected to witness exponential growth in their human population and changes in dietary patterns in tandem with economic growth, leading to a 70% increase in the demand for livestock products by 2050. The prices of livestock products are increasing due to the rising feed costs.  Presently, the cost of the feed accounts for 60–70% of the total livestock production costs. Fish and soybean meal are the major protein sources for animal feed. However, these sources compete with food production for humans. Moreover, the availability of fishmeal has become limited due to the over-exploitation of marine resources, causing a rapid increase in the cost of feed ingredients. Hence, the search for sustainable alternatives has led to a growing interest in using insects as feed ingredients. Source: Prophecy Market Insights 40 Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved

Drivers and Restraints Impact Analysis Drivers Rising Demand for Insect Protein in the Animal Feed Industry High D1 Growing Greenhouse Gas Emissions from the Livestock and Poultry Industries D2 Impact on Market Growth Rate High Nutritional Value of Insects D3 Likely Growth Environmental Benefits of Edible Insects Consumption D4 Restraints Lack of a Standardized Regulatory Framework R1 Psychological and Ethical Barriers to Consuming Insects as Food R2 Low Low Impact on Market Value High Source: Prophecy Market Insights 47 Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved

PORTER’S FIVE FORCES ANALYSIS Analysis Outcome  The Porter’s five forces model studies the five identified competitive forces that shape every industry and market, in order to determine the intensity of the competition, and thus, the profitabilityand attractiveness of the industry.  The objective of the growth strategy is to adapt to these competitive forces in a manner that may improve the position of the organization. This study includes an exhaustive Porter’s five forces framework, incorporating the factors influencing each force, to analyze the market from a microeconomic perspective. COMPETITIVE RIVALRY  In the study, Porter’s five forces are analyzed considering the factors influencing each force and quantifying the factors, through primaries and quantitative analysis. The quantified factors are further mapped out, to derive the impact of each force on competitive dynamics. High Source: Prophecy Market Insights 48 Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved

PORTER’S Five Forces Analysis Threat of New Entrants 01 Medium Buyer Power 02 High Supplier Power 03 High Threats of Substitutes 04 High Competitive Rivalry 05 High 49 Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved

Key Highlights 02 04 03 01 In Agrotech undertook the initiative to develop an innovative insect feeding machine. At insects are largely fed manually, making them labor-intensive. However, the development of the feeding machine expected to automate the feeding process, leading to higher volumes at comparatively lower costs. April 2020, VDL present, is production 50 Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved

Edible Insects Market