Eating Bugs is the Future
Insect Food is the Future
In order sustainably feed the rapidly growing appetite or our world, we need to change our diets.
And none other than the UN has declared insects to be part of the solution in a 200-page report they released and which has been downloaded over 7 million times.Subsequently, the biggest newsoutlets from around the world have been spreading the word. Insects are the future of food.
Insects are already a staple of a quarter of the world’s diet and unintentionally eaten by us anyways (up to two pounds a year!). So now — and with the backing of major organizations like the UN — eating insects is about to go mainstream.
A Symbiotic Relationship
Insects are amazingly sustainable and nutritious. They are good for us and for Mother Nature.
Crickets, the “gateway bug”, need fractions of the water, feed, and space that traditional livestock do, and they emit almost zero greenhouse gases.
They’re also superfoods, higher in protein and vital micronutrients than the meats (and veggies) we typically eat.
Oh, and they’re tasty. Depending on who you ask, they are either nutty, shrimp-like, pretty tasteless, or just like bacon.
Biting Into the Market
Insect-powered products including chips, bars, sauces, and protein powders are breaking into the market, backed by swarms of early adopters who have got them off the ground through successful Kickstarter campaigns.
And now insect foods are taking the first steps towards mainstream market penetration. Trailblazing Mark Cuban-backed energy bar company Chapul is now available in upwards of 1,000 US-wide retail locations, including Publix and Sprouts.
Rumours are also swirling of big food companies reaching out to cricket farmers and doing their own R&D. It’s just a matter of time before insect food is as prevalent as quinoa.
Time for Metamorphosis
The insect food phenomenon has reached the antennae of the venture capital world. Cricket-bar manufacturer Exo closed a $4 million round earlier this year and Tiny Farms got Mark Zuckerberg’s sister on board for an undisclosed sum.
Market research reports back the wisdom of these investments. They forecast the US market to grow from a just few million today to as much as $60 million in 2023 and globally to upwards of $1.5 billion by 2021.
Spreading Like Locusts
Insect farmers are racing to keep up with this rapidly growing demand. Entomo Farms, the largest producer in North America, has grown from 5,000 square feet in 2014 to 60,000 square feet today, and estimates to be up to 100,000 by the end of the year. Now, many other insect farms are jumping on board to get in on the action.
As the industry scales up, expertise, technology, and costs are improving just as rapidly. Entomo Farms says that wholesale costs have gone down 40% in the past year alone.
It’s just a matter of time before the burgeoning insect industry catches up with its less sustainable, conventional competition.
Join the Colony
Insect food is no fad. It’s here for the long run and going to play a pivotal role in nourishing us and future generations sustainably (and deliciously).
Pretty soon not just your garden will be overrun with insects, but your pantry will be too.