Asia Pacific Region Touts Insects As Sustainable Protein Source

May 31, 2021: 12:00 AM EST

Governments and food industry players in the region are increasingly enthusiastic about the insect-based food industry as an alternative protein source that is both healthy and sustainable. Globally, the edible insect industry is expected to increase in value to hit more than $1 billion by 2023, with more than 2,100 insect species eaten as food in countries worldwide. In the Asia Pacific region, research analysts predict this market to hit $270 million by 2024. South Korea is a leader in the region, thanks to laws and frameworks already in place governing the development of the sector. As a result of the government’s investment – including its Third Comprehensive Plan For Nurturing The Insects and Sericulture Industry – farmers and food firms involved in the insect-food industry increased 280 percent to 2,535 between 2015 and 2019. Other countries actively building an insect-based food industry include Australia, Myanmar, Thailand, Vietnam, and Malaysia.

Pearly Neo , "Big bug boom: Health and sustainability bigAsia Pacific Region gest drivers as APAC governments increase backing for million-dollar edible insect industry", Food Navigator Asia, May 31, 2021, © William Reed Business Media Ltd

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Asia Pacific Region Touts Insects As Sustainable Protein Source

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