Saturday 28 May 2022

Costa Rica with the potential to join the world market for edible insects

About 140 countries in the world consume insects with more than 2,000 registered species

Paying the bills

Latest

Compulsory vaccination against Covid-19 is maintained for public and private employees

QCOSTARICA - Mandatory vaccination against Covid-19 in public and...

Latin America will suffer one of its most serious crises due to the war in Ukraine

Q REPORTS (EFE) The Latin American and Caribbean region...

74% of Costa Ricans have not used a taxi in the last year

QCOSTARICA - 74 percent of Costa Ricans say that...

Argentina confirms Latin America’s first cases of monkeypox

Q24N - Argentina has confirmed the first cases of...

Bill to convert loans in dollars to colones would exempt costs

QCOSTARICA - Given the increase in the exchange rate,...

CHEC will have eight more months to complete expansion of RUTA 32

QCOSTARICA - With fingers crossed, by February 2023, the...

Has Costa Rica reached the peak of the fifth wave due to Covid-19?

QCOSTARICA - Although the growth trend of diagnoses by...

Dollar Exchange

¢675.89 Buy

¢685.03 small> Sell

28 May 2022 - At The Banks - BCCR

Paying the bills

Share

QCOSTARICA – The world industry of edible insects is in full evolution and Costa Rica has the potential to participate in a market that in 2020 was US$894 million worldwide and that is expected to grow annually, on average, 26.5% by 2027.

This was evidenced in the market study: “Mercado Internacional de Insectos Comestibles”  (International Market for Edible Insects) prepared by PROCOMER – the State agency in charge of promoting Costa Rican exportations of goods – which describes the characteristics of international marketing of edible insects and determines the most favorable segments for marketing.

Fried crickets are a popular Thai food.

The general manager of PROCOMER, Pedro Beirute Prada, pointed out that the insect industry represents an inclusive business since it allows access to small producers and production chains.

- Advertisement -

“We are facing a market with the potential to revitalize our productive sector with high environmental benefits and high nutritional value. Just to cite one example, in land use efficiency, insects require 2 to 10 times less agricultural land to produce 1kg of edible insect protein compared to 1kg of pig or cattle protein,” added Beirute.

Enrique Ulloa, economic analyst in charge of the study, reiterated that taking advantage of the market is closely linked to overcoming current market barriers, including the regulatory framework and psychological and ethical aspects related to its consumption. In addition, as an incipient industry, it has risks associated with production and demand.

In the case of Costa Rica, Ulloa acknowledges that the country can opt for the development of applications for human consumption such as insect powder and protein bars, which show greater sales dynamism in the medium term. Without neglecting animal consumption products.

“We must work on the development of a culture of consumption at the national level to promote the domestic market and, without a doubt, work on the technical training of our producers, which must be accompanied by the training of professionals in the industry who can provide them with assistance,” commented the analyst.

Worldwide, 63% of the market uses its products for human consumption and the remaining 37% for animals, with crickets (42%), the black soldier fly (20%), and mealworms (15%) being the main insects. marketed.

Other insect products include scorpions, June bugs, grasshoppers, ants, termites and pill bugs. From Farmer’s Almanac: 10 Best Edible Insects We Dare You To Try

In 2020, the main markets were Asia Pacific, Europe and North America. The United States stands out as the main destination with potential for human and animal consumption given the size of its demand and projected growth (29.3% per year for the period 2020-2027).

The numbers

  • About 140 countries in the world consume insects with more than 2,000 registered species
  • The consumption of insects by humans is known as entomophagy and is practiced in many countries around the world, but mainly in regions of Asia, Africa and Latin America
  • Insects complement the diet of approximately 2,000 million people and it is a habit that has always been present in the eating behavior of human beings
  • The use of insects as food and for the manufacture of animal feed has been analyzed by the United National Organization (FAO) for its environmental, health and social benefits, through its Edible Insects Program since 2003
- Advertisement -

 

- Advertisement -
Paying the bills
Ricohttp://www.theqmedia.com
"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

Related Articles

Ukraine and Costa Rica: A tale of two futures?

Q REPORTS - As Europe divided into armed camps in the...

President Chaves slams Costa Rica in Davos

QCOSTARICA - Costa Rica president, Rodrigo Chaves, used his first participation...

Subscribe to our stories

To be updated with all the latest news, offers and special announcements.