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

The edible insect and insect protein industry in Canada possess similar attributes to that of the edible insect and insect protein market of the U.S. Food industry in Canada is highly developed. Financial support from the Government to drive research and innovation would aid the growth of edible insect market in the country. The acceptability of insect consumption as a food source is very low in the country. There are many reasons to explain this but low awareness about the health advantages of insect is one of the major factors that hinder the growth of the edible insect market.

Canada’s edible insect market represents around one-fifth of North America’s edible insect market share and is estimated to be valued at $54.1 million by 2023. With rising awareness among the population as a result of aggressive marketing push from major players and awareness campaign from research institutes, the edible insect market is forecasted to grow at a CAGR of 16.2% during 2018 to 2023. The application of edible insect across animal feed is growing at a rapid pace. It is one of fastest growing segments in terms of application of edible insect. Animal feed industry in past few years has recorded significant change in terms of affordability, nutritional value and quality of ingredients in the feed. Fish feed and poultry feed shares highest market share of edible insect compared to the other feeds. Insects are found to be easy to raise and produce very less greenhouse gases during the production hence it is one of the efficient and effective way compared to producing feed with the help of animal-based derivatives and plant-based derivatives.

The application of edible insect across food, dietary supplements and beverage is growing due to rising research and development in the insect as a food source. Though, the market share of application of edible insect across all these industries is very low, however with rising awareness about its health and environmental benefits will greatly increase the demand and supply of insect based products. The platform to develop innovative and consumer oriented edible insect products would lead to ever growing market of edible insect in the country. The industry of dietary supplements is growing at a rapid rate in Canada due to increasing consumers intending to build strong muscle and attractive body psyche. Thus, dietary supplements industry will provide good opportunity for the edible insect producer.
The number of edible insect and insect protein producers are relatively low. Crick Nutrition and Enterra Feed Corporation are major players in the industry. Crick nutrition is producing cricket powder that can be used in bakery and confectionery industries while Enterra Feed Corporation produces insect-based feed for poultry, fish and domestic animal segments. The industry of insect protein faces many restraint including the popularity of other protein types and low acceptability among the consumers. However, experts believe that the positive opinion of food and health experts towards insect products would play major role in changing the dynamics of the market.

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