Egypt Edible Insect & Insect Protein Market- Size, Trends, Competitive Analysis and Forecasts (2018-2023)

Egypt is also among the strongest nations in the Africa region in terms of economy. The country has recorded considerable developments in last few years with increase in effort from Government to roll put various schemes and policies that attracts the foreign investors and aids the local companies to expand by providing financial support. The protein industry in Egypt is not highly developed due to low awareness about its health benefits. However, increasing penetration of social media and rising number of smartphone users, the knowledge about health trends in developed countries is growing resulting in growing demand of highly nutritious food products.

Edible insect and insect protein market in Egypt holds around 18% of African edible insect industry. The awareness about the insect as a potential food source is very low among the Egyptian consumers. Due to yuck factor and low acceptability involved in consumers attitude, the application of edible insect across various industry segments including food, beverage and dietary supplements is very low in the country. However, majority of the population in Egypt falls in middle and lower income class, hence the demand of high quality, affordable and healthy ingredients is growing which would provide major boost to the edible insect market in the country. Moreover, breeding and raising of insects will provide huge employment opportunity for African population. Considering these advantages, the market revenue of edible insect is estimated to capture the value of $18.2 million by 2023, registering a CAGR of 11.1% during the forecasting period.

Animal feed industry shares highest application of edible insect and insect protein market. The concern about the use of artificial fertilizer has increased in past few years due to degradation of soil. As insects are used as a catalyst since many years to boost the soil health, research has been intensified to use it as an ingredient to produce range of fertilizer for various crops which will result in growing application of insects across fertilizer industry. Though, there are various factors that constraints the growth of edible insect market but cost effectiveness of edible insect would play major role in boosting the market growth.

Key Deliverables

• Market trends since 2014 and five year forecasts of market growth


• Detailed analysis of the micro and macro elements influencing demand trends


• Identifying opportunity spaces across segments and countries


• Supply & demand side trend and analysis


• Price trend analysis, investment prospects and competition pattern


• Insights on growth potential of the market


• Detailed analysis of major producers covering financial investments & strategies adopted


• Competitive landscape of the industry