Yes correct—just the Insects as Food and Feed industry. Though note these estimates were from 2020 - my best guess is that there are at least 4-7x as many insects farmed by the industry today (mainly because it’s going through a lot of industrialization /​ scale up, and a bunch of new major factories have opened in the last few years).
Thanks. For reference, Grand View Research forecasted an annual growth of insect protein of 16.9 % from 2024 to 2030, and Meticulous Research determined an annual growth of edible insects of 28.6 % from 2024 to 2033.
Nice—yeah, it wouldn’t surprise me if that period is slower than the last ~5 years, as a lot of the capital that has gone into the space seems like it has been spent, and it doesn’t seem like recent capital inflows have been as high. My 4-7x guess is based on a crude estimate done by Sagar Shah of how much production capacity can be bought with the capital that companies have available to do it, with a delay baked in for construction time.
Hi Abraham,
This excludes silkworms, right?
Yes correct—just the Insects as Food and Feed industry. Though note these estimates were from 2020 - my best guess is that there are at least 4-7x as many insects farmed by the industry today (mainly because it’s going through a lot of industrialization /​ scale up, and a bunch of new major factories have opened in the last few years).
Thanks. For reference, Grand View Research forecasted an annual growth of insect protein of 16.9 % from 2024 to 2030, and Meticulous Research determined an annual growth of edible insects of 28.6 % from 2024 to 2033.
Nice—yeah, it wouldn’t surprise me if that period is slower than the last ~5 years, as a lot of the capital that has gone into the space seems like it has been spent, and it doesn’t seem like recent capital inflows have been as high. My 4-7x guess is based on a crude estimate done by Sagar Shah of how much production capacity can be bought with the capital that companies have available to do it, with a delay baked in for construction time.