πŸ”’ Edible insects β€” a growing, multimillion-dollar industry

By Felicity Duncan

I’ve only eaten insects a few times β€” mopane worms a few times (not technically insects but certainly in the category of edible insects) and cricket tacos once. But the once-marginal business of eating bugs is now a fast-growing food sector, with North America and Europe leading the way.Β 

Spending on edible insects is expected to top $400 million in 2018, and to rise to $1.2 billion by 2023. Some 2 billion people already eat insects regularly, most of them in Asia which has hundreds of recorded edible species. Now, inspired by the low climate impact of insect farming and the impressive health profile of insects as food, more and more Westerners are getting on board with entomophagy (the eating of insects, arachnids, and myriapods). Surely there’s an opportunity here for enterprising South Africans willing to freeze-dry and export some of South Africa’s 50 or so known edible bugs.
___STEADY_PAYWALL___

In Premium today, you can listen to Alec Hogg discuss the latest on Eskom on his new podcast featuring Eskom chairman Jabu Mabuza, minister of public enterprises Pravin Gordhan, and McKinsey global chief Kevin Sneader. You can learn about how global traders are shaking up emerging market bonds and you can catch up on the latest developments in nuclear power. You can also find out what happens when airline CEOs sit in their own cheap seats.

Last but not least, another reminder that you can sign up now for our upcoming Biznews Global Portfolio webinar. The webinar is scheduled for 31 July β€” Alec Hogg will be giving you all the latest news on our high-growth global portfolio.

Visited 78 times, 1 visit(s) today