Malaysia is one of the strong and relatively developed nation in the Asia-Pacific region. Malaysia represents around 6% of Asia-Pacific edible insect industry. Rising concern about health-related problems such as obesity, cardiovascular diseases, etc., growing youngsters in the country adopting fitness trends and growing environmental concern of animal farming driving the edible insect industry. In terms of market revenue, Malaysian edible insect industry is estimated at $13.2 million in 2018, which is forecasted to grow at $28 million by 2023, registering a CAGR of 16.3% during the forecast period.
Animal feed industry contributes highest market share of application of edible insect and insect protein industry which is followed by food industry, fertilizer industry and dietary supplements industry. The demand of affordable, efficient, sustainable and high-quality feed source is growing. Intense research is been conducted to expand the scope of application of edible insect across various segments such as poultry, aquaculture and pets. Similarly, degradation in the quality of soil due to excessive use of fertilizers has paved way for insect based fertilizers. Insects such as earthworms are long been used as a fertilizers but over the years more varieties of insects are identified as a potential ingredient for bio fertilizers.
The acceptance of insects as a potential food source is very low in the country. However, growing awareness about the benefits of insects for human health has resulted in increased population and companies showing interests in insect-based food products. At present, powder, paste and spices form of insects are used for producing wide range of breads, chocolates, cakes, pastries, cookies and other snacks products. But with growing consumers shifting towards sustainable and healthy food sources, the shift towards the insects-based meat substitute products is also growing. Other applications of edible insects include beverage, medical, pharmaceuticals, cosmetics, personal care and skin care which would aid the growth of the industry in coming years.
Key Deliverables
Animal feed industry contributes highest market share of application of edible insect and insect protein industry which is followed by food industry, fertilizer industry and dietary supplements industry. The demand of affordable, efficient, sustainable and high-quality feed source is growing. Intense research is been conducted to expand the scope of application of edible insect across various segments such as poultry, aquaculture and pets. Similarly, degradation in the quality of soil due to excessive use of fertilizers has paved way for insect based fertilizers. Insects such as earthworms are long been used as a fertilizers but over the years more varieties of insects are identified as a potential ingredient for bio fertilizers.
The acceptance of insects as a potential food source is very low in the country. However, growing awareness about the benefits of insects for human health has resulted in increased population and companies showing interests in insect-based food products. At present, powder, paste and spices form of insects are used for producing wide range of breads, chocolates, cakes, pastries, cookies and other snacks products. But with growing consumers shifting towards sustainable and healthy food sources, the shift towards the insects-based meat substitute products is also growing. Other applications of edible insects include beverage, medical, pharmaceuticals, cosmetics, personal care and skin care which would aid the growth of the industry in coming years.
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
