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

Africa is the slowest growing region in the world. However, in last few years, the situation of most of the countries is improving due to the support from the developed countries and various international organizations which has led to growing rate of urbanization, infrastructure development and industrialization. The protein industry in most of the countries is growing at a steady rate and is in initial phase of development due to low awareness about its health advantages, and less affordability. Insect consumption is more common in Africa as compared to any other region in the world. However insect farming and insect ingredients is a new trend in the Africa region. Edible insects and insect protein market is relatively new industry hence Africa shares relatively low market share of around 14% compared to other regions across the world.

In terms of market revenue, African edible insect and insect protein market holds the market value of $65 million in 2018 and is estimated to capture $130.3 million by 2023, registering a CAGR Of 14.9% during the period of forecast. South Africa captures highest share of edible insect industry followed by Egypt and Nigeria. Growing disposable income of middle and lower-class population, rising population demanding affordable and high-quality food products and surging demand of alternate food sources are some of the general factors that drives the edible insect and insect protein market in most of the countries. Many insect producers from the Asian countries such as China, Japan and South Korea are planning to invest in the African market due to large consumer based who are demanding for affordable food products such as bakery items, confectionery items, dairy alternative and meat substitute products.

The edible insect industry in Africa is highly unorganized. Insect protein industry in Africa is in nascent stage in most of the countries in this region due to less know-how about the insect processing. Global edible insect manufacturers are eyeing towards the market due to huge consumer base with familiarity with insect consumption. There are number of factors which affect the growth of edible insect and insect protein market in Africa which includes ever growing market of alternative protein types, improperly defined rules and regulation related to edible insect industry and less knowledge about the extraction and processing method of edible insect. However, rising demand of dietary supplements products due to growing trend of hitting gym and fitness studio particularly among the young consumers is the opportunity segments for the application of edible insect and its derivate ingredients which would result in increasing market size of African edible insect industry.

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