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

Mexico is among the fastest growing countries in terms of development in the North America region. Strong trade ties with neighboring countries particularly Canada and U.S, has helped the country to grow considerably in last few decades. The Government of the country is highly committed to concentrate on industrialization, foreign investment and infrastructure development. The food and beverage industry in the country has been undergoing rapid developments and innovations in the country. The edible insect and insect protein industry has attracted focus of food manufacturers as a cheaper and sustainable source of protein ingredients. Presently, Mexico contributes around 19% of total North American edible insect industry and is valued at $25.6 million in 2018. Rising health consciousness and growing demand for affordable protein sources for animal feed are major drivers of edible insect market. The industry is estimated to be worth $58.7 million by 2023, growing at a CAGR of 18%.

The application of edible insect and its derivative products across animal feed in the country is highest compared to the other applications in Mexico. Animal feed shares around 64% of edible insect market share. Rapidly growing compound feed industry augments the growth of insect protein market. Affordability is one of the major factor that drives the growth of edible insect across animal feed industry. In addition, the production of feed by using insects as a food source requires less time and is effective in terms of cost. Hence, increasing animal feed producers are considering to add insects as an ingredient across variety of feed including poultry feed, fish feed and pet food. Insect based fertilizers represent market share of 8% of all the applications. Insect based fertilizers are proven to improve the soil health and also prevent many diseases related to crop growth. Moreover, it is also cost effective over artificial fertilizers and hence its demand is growing rapidly in the country.

Since past few years, health has become one of the major concerns among Mexicans. Growing population in Mexico are intending to consume the food that are less in fat and provides high nutritional value. Insect products contains many important minerals, vitamins and amino acids that can aid to improve the health. It is also highly sustainable production process and creates less harm to environment compared to other protein types. Food industry, beverage industry and dietary supplements industry possess around 13%, 2% and 6% of edible insect market share. Consumer acceptance is the major hindrance for the insects industry. However, with rising awareness and its potential as a food source, the demand is expected to rise. Other applications of edible insects include chemical, pharmaceuticals, personal care and skin care industries.

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