The global edible insect industry is expected to increase in value to hit over US$1bn by 2023, with over 2,100 insect species eaten as food in hundreds of countries worldwide. Western countries such as the United States and Europe are leading this in terms of value, but within the Asia Pacific region, research analysts still predict this market to hit US$270 million by 2024
One of the region’s edible insect market leaders, especially in terms of industry organization, is undoubtedly South Korea, which has a number of legislations and frameworks already in place governing the development of the sector.
The East Asian nation recently also announced its ‘Third Comprehensive Plan For Nurturing The Insects and Sericulture Industry’.
“The objective of this plan is to foster the fields of insects and sericulture (silkworms) into high-tech industries as these markets are expected to…
