China is one of the largest markets of edible insect and insect protein across the world. The tradition of consuming insect and its derivative products as a food in the country dates back to ancient times. However, in last few decades, restaurants and the hotels have started developing the dishes out of insects by enhancing its flavor, taste and appearance, which has appealed more consumers. China contributes around one-fifth of Asian edible insect and insect protein market.
The edible insect and insect protein industry in China presently accounts for $49.1 million in 2018. Factors such as rising population intending to consume natural and quality food sources that reduces the carbon foot prints, growing youngsters and middle aged population adopting healthy lifestyle and growing consumption of protein products forecasts the market revenue to capture the value of $115.7 million by 2023, registering a CAGR of 18.7% during the forecasting period.
Animal feed industry represents largest market share of all the applications of edible insect and insect protein industry compared to other applications. The demand of affordable, sustainable and high-quality nutrient containing poultry feed, fish food, pet food is growing due to increase in consumption of compound feed and growing trend of pet humanization. The strengthening compound feed industry is expected to widen the application of insect in the country. The food industry in China is well known across the world for its unique and traditional cuisines. Insect have long been a part of most of Chinese dishes. The familiarity with the insects and growing demand for protein rich food products makes China the hotspot of insect industry.
Edible insect industry employs many people across China. In rural China, insect farming is a source of income for rural population. These insects are then supplied to the food industry which is then grilled, tossed, fried or dried depending upon the requirement in the food. In Beijing, Wangfujing Snack Street and Donghuamen Night Market are famous for offering edible insect-based street food with Chinese specialties. Crickets, Scorpio, Beetles, Cicadas and meal worms are famous and popular edible insects in the country.
Beverage and dietary supplements industry are also estimated to be influenced by the application of edible insect across food industry, which would result in growing demand of insect-based drinks, juices and various other products. In China, Crick nutrition and HaoCheng Mealworm Inc. are major players in the industry. Along with these there are many small and medium sized edible insect and its derivative products producers in the country. The entry of new players in the industry is expected to continue with rising market of edible insects and its application across various industry segments.
Key Deliverables
The edible insect and insect protein industry in China presently accounts for $49.1 million in 2018. Factors such as rising population intending to consume natural and quality food sources that reduces the carbon foot prints, growing youngsters and middle aged population adopting healthy lifestyle and growing consumption of protein products forecasts the market revenue to capture the value of $115.7 million by 2023, registering a CAGR of 18.7% during the forecasting period.
Animal feed industry represents largest market share of all the applications of edible insect and insect protein industry compared to other applications. The demand of affordable, sustainable and high-quality nutrient containing poultry feed, fish food, pet food is growing due to increase in consumption of compound feed and growing trend of pet humanization. The strengthening compound feed industry is expected to widen the application of insect in the country. The food industry in China is well known across the world for its unique and traditional cuisines. Insect have long been a part of most of Chinese dishes. The familiarity with the insects and growing demand for protein rich food products makes China the hotspot of insect industry.
Edible insect industry employs many people across China. In rural China, insect farming is a source of income for rural population. These insects are then supplied to the food industry which is then grilled, tossed, fried or dried depending upon the requirement in the food. In Beijing, Wangfujing Snack Street and Donghuamen Night Market are famous for offering edible insect-based street food with Chinese specialties. Crickets, Scorpio, Beetles, Cicadas and meal worms are famous and popular edible insects in the country.
Beverage and dietary supplements industry are also estimated to be influenced by the application of edible insect across food industry, which would result in growing demand of insect-based drinks, juices and various other products. In China, Crick nutrition and HaoCheng Mealworm Inc. are major players in the industry. Along with these there are many small and medium sized edible insect and its derivative products producers in the country. The entry of new players in the industry is expected to continue with rising market of edible insects and its application across various industry segments.
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
Table of Contents
1. Introduction
2. Summary
3. Industry Dynamics
4. Market Size and Forecast
5. Competitive Analysis
6. Company Profiles
Companies Mentioned
- Proti-Farm Holding NV
- Enviroflight
- Exo Inc.
- Agriprotein Technologies
- nextProtien
- Ynsect
- Entocycle
- Enterra Feed Corporation
- Protix
- Chapul Inc.
- Innovafeed
- Thailand Unique
- Kreca
- Edible Inc.
- Crik Nutrition
- Bugso
