We have rarely heard about humans consuming insects. Though, it is estimated that over 2 billion people across the world consume insects as their food regularly. Also, in countries like Vietnam, China, Thailand, Laos, etc. farming of insects for human consumption is carried on by localized people to earn their livelihood. Since the past few years, edible insects have gained good attention from people. Insect farming and processing into products offer potential benefits like environmental sustainability, create potential job opportunities for people residing in poor areas, high nutritional value than the traditional meat, etc.
The most popular insect species farmed for human consumption includes crickets, termites, mealworms, silkworms, grasshoppers, migratory locusts, beetles, caterpillars, ants, bees, etc. among which crickets have the highest demand in the market. Rearing of insects is quite easier than livestock farming, and also the potential advantage offered by insect farming over livestock farming is it can thrive on organic waste, it produces 80 times more methane and is a 20 times more efficient source of proteins.
Insects can be processed further into various products like whole insects, insect soup, freeze-dried insect products, insect protein bars, insect powder, chocolate-covered insects, insect candies, etc.
A few of the factors driving the demand of insect foods in the market include no regulatory barrier for insect foods, increasing demand for protein-rich foods, rising disposable income, changing attitudes of people towards insect foods, etc.
While few of the precautions to be taken regarding insect foods are to know the toxicity of unknown species, conditions that the insects are exposed while insect rearing, pesticide residues, inborne allergy of the human body towards such foods, etc.
Keeping these conditions in mind, insect farming, as well as processing, would gain a good market in the coming years.
In this market research, we have analyzed and explained business opportunities which will become profitable if executed with proper planning and strategies.
Business Reports – “Edible Insect Farming and Processing” describes Industry Overview, Market Feasibility, Technical Feasibility, Legal feasibility, Sales Feasibility, Infrastructure Feasibility, etc. Also, emphasis on Market Position, Demand, Market Size, Statistics, Market Dynamics and Trends. These reports provide a comprehensive business feasibility analysis; Types of Business Models and Business Plan which helps you to decide to start up a business.
The Business Plan/Project Report Inclusions:
- Detailed Financial Projections & Calculations – 3 – 5 Yrs.
- Systematic Sales & Marketing Plan.
- Operational Plan
- Admin & HR Plan
- Registration and Legal information related to project set up.
- Strategic Portfolio.
- And much more.
What I will get from these reports?
- It will give you a brief idea about Insect food
- It will give you knowledge on technical, commercial aspects for starting the “Insect Farming and Processing” business.
- It will give you the information required budget, daily expenses, and profitability.
- It will provide you market-related information.
Key questions answered in the report: –
- What is the feasibility of starting Edible Insect Farming and Processing business?
- What are the most important affecting factors for Edible Insect food Industry?
- Which are the high growth market segments in Food Industry probably, edible insect food Industry?
- What are the requirements for starting the Edible Insect Farming and Processing business?
- What will be the budget for the “xx” capacity of the plant?
- What are the market forecasts and estimates from the period 2019-2022?
- What are the major drivers, trends, restraints, threats, and opportunities in the Industry?
- Who are the major players in the Edible Insects market?
- How to get loan or raise funds?
- How to operate the business?
All these and many more questions will be answered in these reports with detailed information.
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