As the Earth’s growing population puts more pressure on global food production, insects are increasingly seen as a viable food source. The global edible insect market is poised to boom, according to investment bank Barclay’s, citing data from Meticulous Research that forecasts it will grow from less than $1 billion in 2019 to $8 billion by 2030. The EU approved insect protein as feed for fish farming in 2017. Regulatory change has also made things easier for European companies looking to market insects directly to consumers. The EU didn’t previously govern edible insects because they weren’t considered food, leaving individual countries to impose their own rules.

Source: thestar July 15, 2021 13:53 UTC