Marketing & Advertising

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

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.

Based on end-use, the global insect snacks market has been segmented into food service and food retail. The food retail segment is expected to garner the larger market share during the review period owing to the abundant availability of ready-to-eat insect snacks on store shelves and e-retail platforms. However, the food service segment is projected to grow at a higher CAGR during the forecast period due to the increasing number of insect-based menus in the HoReCa (Hotels, Restaurants, Café) industry. In addition, the growing tourism industry is also fueling the segment growth as there is a strong inclination of tourists toward native insect snacks and recipes.

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.

Key Players

Some of the key players in the global insect snacks market are Eat Grub (UK), Jimini’s (France), Thailand Unique (Thailand), Entomo Farms (Canada), Chapul Cricket Protein (US), Edible Inc. (Korea), Cricket Flours (US), EXO (US), and Six Foods (US).

Complete Report Details @ https://www.marketresearchfuture.com/reports/insect-snacks-market-7524

About Market Research Future:

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

• Avoid scams by acting locally or paying with PayPal
• Never pay with Western Union, Moneygram or other anonymous payment services
• Don't buy or sell outside of your country. Don't accept cashier cheques from outside your country
• This site is never involved in any transaction, and does not handle payments, shipping, guarantee transactions, provide escrow services, or offer "buyer protection" or "seller certification"