| Product Code: ETC386069 | Publication Date: Aug 2022 | Updated Date: Feb 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The market for edible insects is an emerging sector in the Philippines, driven by factors such as environmental sustainability and the nutritional benefits of consuming insects. Edible insects are rich in protein, vitamins, and minerals, making them an attractive source of nutrition. Although still relatively novel, the market is gradually expanding as more people embrace these alternative protein sources.
Edible insects are gaining traction in the Philippines as a sustainable and nutritious food source. This market is driven by the need to address food security and sustainability challenges while providing a protein-rich dietary option. The market growth is supported by the country`s cultural acceptance of edible insects as a traditional food source and the exploration of innovative recipes and processing techniques to enhance their appeal.
The Philippines edible insects market faces challenges related to consumer perceptions and regulatory hurdles. Overcoming the "ick factor" and cultural biases against consuming insects as food is a significant challenge. Establishing a reliable and safe supply chain for sourcing insects and ensuring their proper processing and packaging for human consumption are key challenges. The market also needs to navigate regulations related to food safety, labeling, and marketing of insect-based products.
The Philippines edible insects market faced challenges during the pandemic due to supply chain disruptions and restrictions on markets and food establishments. Reduced mobility affected the collection, processing, and distribution of edible insects. However, there was growing interest in sustainable protein sources, which could potentially boost the market. The recovery depended on adapting to changing consumer preferences, ensuring food safety standards, and educating consumers about the benefits of edible insects.
The Philippines edible insects market is a developing sector, and various small-scale entrepreneurs, local producers, and startups are venturing into this space. Companies like Hapinoy and EntrePinoys Atbp. are examples of organizations that have been exploring the production and commercialization of edible insects. Additionally, collaborations with universities and research institutions are driving research into insect farming and consumption.
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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