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Asia Pacific Edible Insects Market value is expected to surpass $270 million by 2024; prominent growth drivers are growing demand owing to high nutritional value and application in functional foods, low environmental impact and low cost of raw materials and transportation.
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Asia Pacific Edible Insects Market size may exceed USD 270mn by 2024: Graphical Research ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com
Key Insights from Asia Pacific Edible Insects Market: • Graphical Research says, Asia Pacific Edible Insects Market to reach USD 270 million by 2024 • Growing concern towards various health issues and shift in consumption pattern for protein rich diet may drive the Asia Pacific edible insects market size. • Asia Pacific edible insects market demand from caterpillars is likely to register over 44% by 2024. • They are easily garnered and are rich source of vitamins, minerals and proteins. • Asia Pacific edible insects market size from flour application may surpass USD 85 million by 2024. • Crickets and mealworms are primarily used in bakery products owing to its gluten free property which includes biscuits, muffins and desserts, thereby fueling the product demand. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com
Continued... • China edible insects market size may witness significant gains at over 44% by the end of forecast timeframe. • Thailand bugs market demand may surpass USD 50 million by 2024. It has over 20,000 insect farming business, most of which are limited household operations, and over 200 species are consumed. • Asia Pacific edible insects market share is fragmented with key players including HaoCheng Mealworms, Thailand Unique, Bugsolutely, Ecobars, and Entotech. Companies are investing in R&D to expand their product demand. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com
APAC Edible Insects Market ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com
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