Around the world and mainly in Asia, insects are a key part of the diet of up to two billion people. Farming insects is a fraction of the cost of producing beef, pork and poultry. According to United Nations' Food & Agriculture Organization data published by Bloomberg, producing a kilogram of crickets requires less than a fifth of the feed that a cow would eat to produce the same amount of beef. Insects also negate the need for antibiotics, growth hormones and require far less water than conventional livestock.
As a result, insect farming has become more common and with nearly 2,000 different species edible, expect them to come to a menu near you in the not too distant future. By 2023, the value of the global edible insect market is expected to triple and its value will climb from $44 million to $154 million in the U.S. alone by 2023. As can be seen by the following map, insect farming has huge potential across much of the world.
This chart shows the expected growth of the edible insect market and number of edible species by country.
The Statista "Chart of the Day", made available
under the Creative Commons License CC BY-ND 3.0, may be used
and displayed without charge by all commercial and
non-commercial websites. Use is, however, only permitted with
proper attribution to Statista. When publishing one of these graphics,
please include a backlink to the respective infographic URL.
The Statista "Chart of the Day" currently focuses
on two sectors: "Media and Technology", updated
daily and featuring the latest statistics from the media,
internet, telecommunications and consumer electronics
industries; and "Economy and Society", which
current data from the United States and around the
world relating to economic and political issues as well as
sports and entertainment.
For individual content and infographics in your Corporate Design,
please visit our agency website
Any more questions?
Get in touch with us quickly and easily. We are happy to help!