Edible Insects Market Along with Statistics, Forecasts till 2024

Edible insects such as caterpillars, bees, ants and wasps, beetles, scale insects, grasshoppers, crickets, locusts, and mealworm are fit for human consumption and do not produce any toxic effect. Additionally, edible insects are considered as a rich source of protein, vitamins, and amino acids, which has a wide range of application in the food & beverage and animal feed industry. Also, they do not produce toxic gases such as ammonia, which is harmful to the environment.

The global edible insects market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). Asia Pacific is dominating the edible insects market followed by rest of the world. Thailand is a leading consumer of edible insects owing to increasing awareness about the benefits of consuming edible insect products. Also, mounting awareness towards insect farming is the key driving factor in this region.

Furthermore, increasing demand for natural ingredients in convenience food in Asia Pacific countries like China, India, and Japan are likely to boost the growth of the edible insect’s market during the review period. Additionally, Brazil and South Africa are experiencing higher consumption of edible cricket & beetle insects in food preparation, which is expected to drive the global edible insects’ market.

Increasing preference for natural ingredients in food & beverage products has surged the demand for edible insects in the global market. Edible insects contain high amount of protein, fibre, energy, minerals, vitamins, and fatty acids, which has shown a high inclination towards the edible insect’s products. Furthermore, growing environmental impact on the crop field using chemical fertilizers has surged the demand for sustainable food owing to low environmental impact, which is likely to increase the global edible insects’ market over the review period.

Also, edible insects are relatively cheaper, which has uplifted the demand for edible insects in the food & beverage industry. Furthermore, edible insects are not only used in the food and beverage industry but also has a potential application in the animal feed owing to high amount of amino acids & minerals. However, the limited availability of edible insects and absence of regulatory laws may hamper the growth of the edible insect’s market over the review period. Nevertheless, all these factors are projected to contribute to the estimated CAGR of 7.2% of edible insects market during the forecast period 2017-2023.

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Downstream Analysis:

Edible insects are segmented based on type, which includes caterpillars, bees, ants, and wasps, beetles, scale insects, grasshoppers, crickets and locusts, mealworm, and others. Edible beetle holds the major market share followed by crickets owing to presence of high amount of protein that serves as a better alternative for chicken and beef.

Based on the application, the edible insect’s market is segmented into food & beverages, bakery products, savory snacks, animal feed, and others. Among all the applications, application in savory snacks is dominating in the global market owing to presence of high protein, vitamin, potassium, zinc, calcium, and amino acid content.

Based on the distribution channel, the market is segmented into the store-based and non-store-based distribution channel. However, the store-based distribution channel is dominating the market based on the one-stop shopping experience.

Competitive Analysis:

The major players in the edible insect’s market

• Nordic Insect Economy Ltd. (Finland)
• Thailand Unique (Thiland)
• Haocheng Mealworms Inc. (China)
• Chapul Inc. (U.S.)
• Nutribug Ltd. (U.K)
• Bugsolutely Ltd. (Thiland)
• Eap Group, Sarl (France)

Market Segmentation:

Edible insects’ market is segmented based on type, application, distribution channel and region.

Cage-Free Eggs Market Share Will Generate New Growth Opportunities in Upcoming Year

Cage-free eggs are available in white and brown color. They come in small, medium, large, and other sizes. Cage-free eggs are bigger in size and also contain more yolk content over conventional caged eggs. High amount of omega-3 fatty acid in cage-free eggs marks it a good choice among the consumers, which also promotes a better heart health.

Global Cage-Free Eggs Market are considered to provide large number of Health Benefits with its consumption; the market of cage-free eggs is foreseen to be growing at an exponential rate. Cage-free eggs are poultry products produced at specialized poultry wherein the birds are allowed to wander in open. Cage-free poultry has perceived a healthier lifestyle, which ultimately uplifts the nutritional quality of the eggs. Cage-free eggs are found to have numerous health supporting qualities, these qualities have raised its consumption among the population suffering from high cholesterol level in the recent years.  Likewise, raised amount of cage-free poultry products from different food processors and food traders is foreseen to uplift the market growth. Moreover, high consumer demand has encouraged the manufacturers to go for cage-free eggs business over conventional caged eggs.

Major Key Players

Increasing demand for cage-free eggs has stimulated new market players to enter into the global poultry market in order to generate high revenues. The renowned market players are focusing more & more toward R&D in order to improve the quality of their product offerings to sustain their consumer base. The market players are competing in terms of prices and quality to attain consumers’ attention. Additionally, product promotions and high investments on R&D, advertising is among the key strategies followed by the manufacturers to strengthen their business. Strategic business expansions aid the market players to penetrate into the developing economies, and also helps in expanding their business portfolio.

The key players profiled in Cage Free Eggs are Cal-Maine Foods, Inc. (U.S.), Midwest Poultry Services, L.P. (U.S.), Eggland's Best, LLC. (U.S.), Weaver Brothers, Inc. (U.S.), Herbruck Poultry Ranch, Inc. (U.S.), Kuramochi Sangyo Co., Ltd. (Japan), and Lakes Freerange Egg Co., Ltd. (U.K) among many others.

Latest Industry Updates

Sep 2017 Bridor Company has announced its savory Bistro items would be prepared by cage-free eggs. Additionally, the company is showing high inclination towards meeting consumer expectations.

Jul 2017 Felton cage-free egg farm has a business expansion plan for 6,00,000 bird expansions. Also, the company is aiming to expand its cage-free egg business segment in the future years ahead.

Jan 2017 The Hellmann’s company has launched new mayonnaise and mayonnaise dressing products which are exclusively made from cage-free eggs.

Sep 2016 The Kroger Co., has launched a new product line of cage-free eggs. The Kroger brands with cage-free eggs are available at stores.

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Market Segments

The global cage free eggs market has been divided into color, size, distribution channel, and region.

Based on Color: White, and Brown

Based on Size: Small, Medium, Large, and Others

Based on Distribution Channel: Store-based, and Non-store based

Based on Region: North America, Europe, Asia Pacific, and ROW

Regional Analysis

The global Cage-Free Eggs Market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). North American market is expected to show a higher growth over the forecast period 2017-2023. The U.S. and Canada are leading this market and likely to continue dominating over the review period. Furthermore, changing lifestyle and consumption pattern is showing an inclination towards healthy food sources, which is another factor adding fuel to the growth of the North American cage-free eggs market.

The market is projected to experience a high growth due to growing sensitivity towards poultry health and high demand for cage-free eggs from the consumers. Additionally, the government and regulatory authorities are taking efforts to increase production of cage-free eggs, which is expected to boost cage-free eggs market in this region.

Fragrance Market Global Industry Sales, Growth and Trends 2024

Among these, North America region is dominating the market over the forecast period. The market is projected to grow at a CAGR of 4.80% during the review period. This is attributed to the high usage of spray perfumes, cosmetics, soaps & detergents, incense, body care and home care products. Among the North American countries, the U.S. is majorly driving the market of fragrances in this region. However, Asia Pacific region is expected to grow with a CAGR of 6.20% during the review period. In Asia Pacific region, China is expected to hold 24% market share in the year 2017.

The global fragrance market is segmented into North America, Europe, Asia Pacific, and rest of the world (ROW). Fragrance are used as the major ingredient in spray perfumes, cosmetics, soaps & detergents, incense, body care and home care products. However, fragrance industry holds a major share in the cosmetics and personal care industries as a major ingredient used in the products.

The global perfume market has been observing a growing trend both in the developed and developing economies, owing to the rapid urbanization, rise in disposable income and changing lifestyle of consumers. Increasing consumer spending on personal care & beauty products is expected to be one of the significant reasons for the rising growth of perfumery products which in turn escalates the sales of fragrance during the forecast period.

Furthermore, increasing affinity towards skin lightning & color cosmetic products, owing to the increasing obsession towards fair complexion among the youth and women population is driving the fragrance market in Asian and the Middle Eastern regions. Also, increasing prevalence towards male centric cosmetic products coupled with robust growth of men grooming products is considered to be a major factor, which has uplifted the global fragrance market. Demand for long lasting fragrances in masculine cologne and after shave products, including expensive perfumes and deodorants has raised the demand for male cosmetics products. However, allergies and intolerance caused by extensive use of synthetic fine fragrance, owing to skin and respiratory organs is expected to have a negative impact on the global fragrance market. Also, fragrance which are used to enhance olfactory properties in cosmetic industry is a concern, because they cause intolerance to such cosmetic products.

Owing to the rising health awareness, consumers are found to have a high demand for natural ingredients for fragrance products. Rising health concerns among the consumers about the demerits of synthetically manufactured fragrances has a positive impact on the natural fragrance in the fragrance market. The rising consumers’ preference for natural fragrances will be considered as one of the major drivers for fragrance products market.

All the factors are augmenting the global fragrance market to grow at the CAGR of 5.30% during the forecast period of 2017-2023.

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Competitive Analysis

This report includes a study of strategies used in the market, mergers, and acquisitions and multiple product launch by fragrance market players. It further includes product portfolios and developments of leading players, which includes

• Givaudan SA (Switzerland)
• International Flavors & Fragrances, Inc. (U.S.)
• Firmenich International SA (Switzerland)
• Symrise AG (Germany)
• Takasago International Corporation (Japan)
• MANE FILS SA (France)
• Sensient Technologies Corporation (U.S.)

Key manufacturers are more focused on geographical expansion, product launches, partnerships and acquisitions to seek consumers’ attention towards their product range. They are also involved expanding its operations across the geographies, augmenting its capabilities and investing in research and development to offer products with better functionality. Furthermore, companies are focusing more on products with natural fragrances owing to high demand from consumers for natural ingredients derived products.

Organic Fertilizers Market Growth future challenges & threats for new entrants

Fertilizers are chemical or natural substance which is added to the soil or land to increase fertility. Organic fertilizers are fertilizers extracted from animal manure, plant extracts as well as minerals and vegetable matter. Since organic fertilizers are derived from natural substances, therefore, damage to the environment is less of a concern. Organic fertilizers are rich in growth hormones and micronutrients as well as help to reduce the risk of diseases in humans, as they find their way to food as well. Due to depletion of soil quality, use of fertilizers is being propelled to help farmers to increase crop production, as well as the surge in crop acreage and requirement to increase crop production is encouraging farmers to use organic fertilizers. Organic fertilizers are selected according to the requirement of the nutrients by the crop. They have gained status globally, as they help in increasing the quantity as well as improve the quality produced.

The global Organic Fertilizers Market Growth is growing due to increasing population as well as their increasing willingness to pay for organic foods. Farmers’ preference towards organic farming due to favorable pricing of the products has helped to increase the area under cultivation as well as growing agriculture land area for organic cultivation, has led to the increasing demand for organic fertilizers. In addition to the increasing population, the growing demand for food, rise in the crop production, increasing soil efficiency, growing economy, increasing demand for biofuels and high-quality yield are expected to drive the organic fertilizers market.

Increased awareness about the organic fertilizers due to government policies and rules towards the growth of organic fertilizers has raised the bar for quality, which, in turn, increase the market share of organic fertilizers globally. Major market dispersion is leading to the introduction of new products based out of the organic fertilizers and their retail across various regions. The market players are responding to these new opportunities by expanding their service offerings/product lines, which has fueled up the share of organic fertilizers in the global market. High nutritional benefits obtained from organic fertilizers are also supporting the sale of organic fertilizers globally. Additionally, the augmentation of the product development together with research advancements are other significant reasons for the increasing growth of the organic fertilizers market during the forecast period 2017-2023.

Competitive Analysis:

Some of the key players in the global Organic fertilizers market are:

• Tata Chemicals Ltd. (India)
• Midwestern BioAg (U.S.)
• Coromandel International Limited (India)
• Agrocare Canada (Canada)
• Italpollina S.p.A. (Italy)
• The Scotts Miracle-Gro Company (U.S.)
• Suståne Natural Fertilizer, Inc. (U.S.)

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Downstream Market Analysis:

Globalization and urbanization are key factors for the growth of this market. Furthermore, the admiration of organic fertilizers and its involvement of nutritional attributes as well as extra micronutrients are encouraging the growth of the liquid fertilizers market. The consumer’s willingness to pay for organic foods as well government’s policies and rules towards the organic fertilizers is expected to play a significant role in the growth of this market during the forecast period. Additionally, the augmentation of the product development together with research advancements are other significant reasons for the increasing growth of the organic fertilizers market during the forecast period 2017-2023.

U.S. Cheese Market Professional Survey Report by Key Companies Profile and Cost Structure Analysis

Cheese is perhaps one of the most popular food products in the world and is renowned for its variety which holds appeal across all age groups. Rising populations and growing demand for food have resulted in the steady and consistent growth in demand for cheese.

The U.S. Cheese Market is expected to account for over a quarter of global cheese by volume and Market Research Future (MRFR) has projected the market to reach an estimated 6787kilo tons by 2023. MRFR has further found that the U.S cheese market is set to grow at a CAGR of 3.55% during the forecast period of 2017 to 2023.

Increasing demand and use of several yield increasing agricultural practices have led to increased milk production, which has been a major driver of the cheese market. Moreover, authenticity, product innovation and the advancement in the cheese making process in the region are expected to increased demand for cheese. Cheese is available in a wide variety with each kind of cheese having several sub-varieties, thus increasing the sales and demand for varied cheeses. Increasing product innovation and the launches of various uniquely flavored cheeses is expected to provide market expansion opportunities.

Market Segmentation

MRFR's segmental analysis of the U.S cheese market is based on product type, source, application, and states. Based on product type, cheeses have been segmented into fest, Hispanic, mozzarella, cheddar, other Italian cheeses, other American cheeses, Muenster, Colby jack, cream cheese, Monterey jack, pepper jack, cottage cheese, and others. Mozzarella is the most popular cheese in the U.S cheese market with more than 50% of the total market share. The increasing popularity of pizza and other Italian dishes which use mozzarella, and the strong preference for mozzarella string cheese as a snack is expected to keep the segment in its leadership position over the forecast period.

By source, the market is segmented into whole cow milk, skimmed cow milk, and others. Skimmed cow milk accounts for over 80% of the market due to its extensive use in the cheese making process.

By type, the market is segmented into aged fresh, soft white, fresh, semi-soft, hard, blue, flavored, and others.

By application, the market is categorized into cheese processing, cheese dips, cheese spreads, fast food snacks, bakery foods, processed foods, savory snacks, alcohol accompaniments, and others. Fast food snacks are projected to reach an approximate 1,705-kilo tons by 2023 and witness a CAGR of 4.46% during the forecast period.

The region is analyzed and divided by states which include Wisconsin, California, New York, Idaho, New Mexico, Minnesota, and the Rest of U.S.

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Regional Analysis

Wisconsin captures close to 30% of the market and is projected to reach around 1900 kilotons by 2023. Wisconsin is one of the region’s largest cheese producing states and is closely followed by California which is also expected to witness considerable growth over the forecast period. Wisconsin has a strong presence of various market players and many small artisan cheese producers who are encouraging market growth and inducing an increase in demand for a variety of cheeses. Mozzarella cheese is one of the largest segments in Wisconsin. The state is also well known as a producer of various types of American cheeses which are expected to maintain Wisconsin's position in the U.S market.