| Product Code: ETC386065 | 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 |
Thailand has a rich tradition of consuming edible insects, which have been part of the local diet for centuries. In recent years, the edible insects market has seen a resurgence in popularity, driven by factors such as their high protein content, sustainability, and nutritional value. A wide range of edible insects, including crickets, mealworms, and grasshoppers, are available in various forms, from whole insects to processed snacks. This market is not only catering to local demand but also gaining international recognition as a sustainable protein source.
The Thailand edible insects market has experienced significant growth in recent years due to several key drivers. Firstly, there has been a growing awareness and acceptance of insects as a sustainable and nutritious food source. This shift in consumer perception has been driven by concerns about environmental sustainability and the need for alternative protein sources. Additionally, government initiatives and policies promoting insect farming have boosted production and availability. Furthermore, the rich cultural tradition of insect consumption in Thailand has also played a role in driving the market, as it has led to a diversified range of insect-based products and culinary innovations.
The edible insects market in Thailand faces both cultural and regulatory challenges. While edible insects are a traditional delicacy in Thailand, convincing a global audience to embrace them as a sustainable protein source is a complex task. Regulatory frameworks need to be developed and implemented to ensure the safety and quality of insect-based food products. Moreover, scaling up production to meet increasing demand while maintaining sustainable harvesting practices is a challenge. The industry must also navigate cultural perceptions and consumer aversions in some regions where insects are not traditionally consumed.
The edible insects market in Thailand faced mixed effects during the pandemic. While domestic demand for edible insects remained relatively stable, the international market suffered due to reduced exports. Export restrictions and logistic challenges impacted the supply chain, causing disruptions for businesses relying on foreign markets. The Thai government introduced measures to support the industry, including promoting insect consumption for its nutritional benefits.
The edible insects market in Thailand is gaining momentum, with companies like Bugsolutely and Thaibugs leading the way in producing insect-based food products.
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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