Meticulous Research

The name of our company defines our services, strengths, and values. Since the inception, we have endeavoured to research, analyze and present the critical market data with great attention to details.

  • 18-Dec-2020

Currently, most of the protein comes from livestock meat. ~70% of agricultural land and 30% of the total land on earth is used to raise livestock to meet the protein need. Thus, it is neither feasible nor sustainable to expand the amount of land needed for livestock production. Moreover, the global livestock industry already takes an enormous toll on the environment, gobbling up land and water. This industry emits more greenhouse gases than planes, trains and automobiles combined. Thus, it is vital to reconsider the current eating habits, and the adoption of high-quality alternative protein sources, such as edible insects, has become of utmost significance. This is expected to reduce pollution, habitat destruction, and natural resource abuse in the long run.

According to the Population Reference Bureau (PRB), the global human population is expected to grow by 75 million annually or by 1.1% per year. By 2050, the world population is expected to reach 9.9 billion, increasing 33% from ~7.4 billion in 2017. This population growth is expected to put pressure on the demand for food. Hence, considering the world’s growing population and the increasing demand for traditional meat production, edible insects could be an elegant solution to many of these problems, as insects are full of protein and rich in essential micronutrients, such as iron and zinc. Breeding of insects offers environmental advantages because of low greenhouse gas emissions, water pollution, and land use impacts. To produce the same amount of protein as cattle, crickets need 12x less feed, 15x less land, 2000x less water, and produce 100x fewer greenhouse gasses. Crickets can be fed food waste, like banana peels or rice bran.

Further, insect meals could also replace some of the expensive ingredients, such as soybeans and fishmeal, fed to farm animals, potentially lowering the cost of livestock products and freeing up feed crops for human consumption. As a bonus, bugs can be fed with food scraps and animal manure, so insect farms could increase the world’s protein supply while reducing and recycling waste.

Thus, as edible insects are an important alternative of protein sources for conventional production or other animal-based protein sources for human consumption, there is an increasing demand for edible insects and edible insects-based products worldwide.

Meticulous Research® estimates that in terms of value, the global edible insects market is expected to grow at a CAGR of 26.5% from 2020 to 2027 to reach USD 4.63 billion by 2027. moreover, in terms of volume, the global edible insects market is expected to grow at a CAGR of 28.5% from 2020 to 2027 to reach 13,98,862.6 tonnes by 2027.

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