Global human population is anticipated to increase by more than 2 billion by end of 2050 giving rise to food problem. Increase in food production will lead to more pressure on environment. So consumption of edible insects is one of the food alternatives through which one can get high quality protein, amino acids and vitamins at affordable costs.Edible insects possess high food conversion rate and emit less greenhouse gases than traditional livestock. Furthermore, insect farming is cost effective as compared to cattle farming. Also, these insects are considered as a protein source for direct human consumption. They can be nourished and nurtured in a natural environment.As per Global Market Insights reports, edible insects market size was evaluated at $33.1 million for 2015 and is anticipated to record higher than 40.1% CAGR by end of forecast timeline. Growing acceptance of bug consumption all across the globe is predicted to drive global edible insects industry trends.
Today, there is rise in consumption of insects and bugs due to increasing health concerns among the global population. Bugs find their application in livestock like fish and poultry farms. It is projected that one hectare of land can produce minimum 151 tons of insect proteins every year. Awareness among the customers about fitness coupled with its growing use in food sector are the factors expected to drive the edible insects market expansion.
Edible insects are rich in minerals and contain large amounts of potassium, iron, magnesium, sodium and zinc. Intake of diet rich in mineral content has a positive impact on fighting dreaded ailments. Eatable insects are main source of oils and fats and contain large proportions of polyunsaturated fatty acids. All these aspects are anticipated to expand edible insects market share during forecast timeline.
U.S. Edible Insects Market size, by application, 2012-2023 (USD Million)
Raw substance price is less that has resulted in enhancement in production and this directly affects edible insects market price trends. Cockroach oil is used as industrial lubricant or paint and this can provide new growth avenues for industry players to increase their product applications. However, edible insects can cause harm to health if they are harvested improperly. Limited regulations for edible insects can hinder industry expansion in future.
Get a Sample Copy of this Report: @ https://www.gminsights.com/request-sample/detail/501
Global industry is segmented into different products that include bees, scale insects & true bugs, beetles, wasps, caterpillars, ants and grasshoppers.
Beetles segment contributed higher than $9 million for 2015 in terms of revenue. Substituting conventional source of protein like beef or chicken can promote the demand for beetle in coming years.
Grasshoppers are considered as natural food and a rich protein source. The segment can expand substantially and is projected to record greater than 42.6% CAGR. These products are beneficial replacement for poultry and meat intake.
Industry is segmented into applications like snacks, flour and protein bars.
Snacks led the application segment and made a contribution of higher than $11.1 million for 2015. They are rich in amino acids, proteins, zinc, vitamins, calcium and potassium and these features can promote the segment expansion. Cricket based items are consumed as snacks as they are good for health and as they minimize carbohydrates and saturated fats.
Protein bars is projected to record 42.1% CAGR during forecast timeline and cross $166 million mark. They are mainly utilized in preparing smoothies, biscuits, muffins, soups, breads and desserts. Flour applications include mealworm and cricket in powdered form. Other main applications of edible insects are chocolates, protein shake and pasta.
Global edible insects market is segmented into Asia Pacific, North America, Middle East & Africa, Latin America and Europe.
Asia Pacific industry, dominated by Thailand and China, was biggest region with higher than $10.1 million of revenue production for 2015.
Europe edible insects industry is projected to experience heavy expansion during forecast timeline and is dominated by countries like France, UK and Holland.
Latin America, dominated by Brazil, can expand substantially and Brazil edible insects market is anticipated to record 42.1% CAGR and surpass $55.1 million in terms of revenue during forecast timeframe.
Key industry participants profiled in the report include Thailand Unique, AgriProtein Technologies, Gathr Foods, Crik Nutrition, Crickers, ECOBARS, Bugeater Foods, Entomo Farms, Proti-Farm and HaoCheng Mealworm Incorporation.
Author Name : Dhananjay Punekar
Commercial drone/UAV market to record an astounding CAGR of 25% over 2017-2024, agriculture sector to drive the application landscape
Over the recent years, the commercial drone/UAV market has garnered immense popularity owing to the substantial increase in civil applications of unmanned aerial vehicles. It is quite a well-known fact that the commercial utilization of unmanned aerial vehicles has been steadily rising since the early 1980s. However, a significant increase in investments and the relaxation of some regulatory norms across the globe have opened up an array of practical applications of drones across numerous business domains. This has, in consequence, acted as a pivotal factor in propelling the commercial drone/UAV market share in the recent times. In fact, as per a research report by Global Market Insights, Inc., the global commercial drone/UAV industry commanded a total valuation of over USD 2 billion in the year 2016.
U.S. Commercial Drone Market Volume Share, By Application, 2016
Extensive usage of UAVs in the agricultural sector to drive the commercial drone/UAV industry progression
Boasting of a vast expanse of application spectrum, commercial drone/UAV market has gained extensive popularity over the past few years. As far as the wide-scale deployment of UAVs is concerned, the agriculture sector has emerged as one of the most lucrative end use segment of commercial drone/UAV industry in the recent times. It would be prudent to mention that drones are increasingly being utilized across agricultural fields in analyzing soil, assessing the health of crop, appropriate spraying of pesticides, planting of seeds, and irrigating the field throughout the crop cycle.
In fact, the technological advancements in drones have made it easier to formulate a comprehensive 3D map for soil analysis which can aid farmers to seamlessly analyze seed planting patterns. Apparently, the aforementioned benefits of deploying drones in the agricultural sector have impelled the growth potential of commercial drone/UAV industry.
Get a Sample Copy of this Report: @ https://www.gminsights.com/request-sample/detail/115
Elaborating further, it has been observed that numerous leading commercial drone/UAV market participants have been forming robust alliances with government institutions to tap into the steadily evolving agricultural drones space. Citing an instance to highlight this trend, Parrot Drones has recently announced a share-cost initiative with the Technical Centre for Agriculture and Rural Cooperation (CTA) to use drones in the agriculture sector of the sub-Saharan African region. Reportedly, the announcement of the latest collaboration comes in the backdrop of Parrot’s recent launch of its thermal imaging drone, the Parrot Bluegrass, that is particularly designed for precision agriculture. The innovative drone is equipped with both a multispectral sensor and a video camera along with a unique processing cloud platform.
For the record, CTA is a joint institution of European Union and the African, Caribbean, and Pacific Group of States which aims to enhance agricultural productivity in its member countries by precise resource management and ensuring food security. Needless to mention, the latest partnership comes on the heels of the overall commercial drone/UAV market in the African continent.
Citing yet another instance of the technological advancement in the commercial drone/UAV industry, it has been reported that scientists in the UK have successfully grown the world’s first crop of barley by deploying drones. Apparently, the project was named as Hands Free Hectare, given that researchers automated agricultural machines by using drone technology and no agronomists set foot in the land utilized to grow the crop. Moreover, an autopilot drone was used to get the tractors working for seeding, harvesting, and monitoring purposes. Considering the aforementioned instances which highlight the inventive usage of drones, the prospective growth of commercial drone/UAV market undoubtedly looks promising.
With a marked increase in the number of collaborations between technology leaders, governments, and industry players, the utilization of drones is bound to witness a transformative change in the forthcoming years. Furthermore, the deployment of drones across various end use domains including Wildlife Research & Preservation, Aerial Photography, Inspection & Monitoring, Emergency Management, and Remote Sensing & Mapping has observed a substantial increase. All these factors are certain to positively influence the growth potential of commercial drone/UAV market, which is forecast to surpass a remuneration portfolio of more than USD 17 billion by 2024.
Author Name : Saif Ali Bepari
Fuel cell market to garner heavy returns from the stationary and transport applications, rising investments by government bodies to spur the industry growth over 2017-2024
The massively increasing demand for renewable energy has served as a major boost to fuel cell market, the growth graph of which is projected to display a marked ascent over 2017-2024. It is prudent to note that a fuel cell is rather different from a battery – it is basically an electrochemical mechanism that can produce electricity through the combination of hydrogen and oxygen and is a renewable source of energy that keeps generating electricity as long as the combination of source fuels is available. As the fuel is not burnt in power generation, it is an unobtrusive process and truly pollution free with zero carbon dioxide emission, which is one of the principal concerns of most industry verticals worldwide. As governments in various nations are undertaking positive steps to decrease carbon dioxide emissions, fuel cell industry share is projected to climb exponentially high in the next few years.
Europe Fuel Cell Market Size, By Product, 2016 & 2024 (USD Million)
Fuel cell industry growth is driven by three main application segments, namely stationary power, transportation and portable power. It is imperative to state that stationary applications among these would emerge as one of the most profitable segments of fuel cell market, driven by the demand for heating in commercial, residential and industrial spaces. Furthermore, the requirement of backup power sources in schools, hotels, hospitals, telecommunication base stations, and data centers will also propel the stationary fuel cell market. Portable fuel cell market size on the other hand, will be augmented by the product’s widespread usage as a power source for laptops, torches, radios, MP3 players, cameras etc. Subject to the product’s rapid rechargeability, reliability, longer run time and low operating cost, portable fuel cell industry is projected to generate significant revenue in the forecast period.
It is noteworthy to mention that analysts forecast transport applications to be inherently responsible for propelling fuel cell market to the farthest extent. Japan and Korea for instance, had introduced light duty fuel cell operated vehicles, post which the concept gained huge prominence. Most of the heavy automotive hitters such as Honda, Hyundai, Ford, Toyota, etc., have now manufactured their own fuel cell electric vehicles. The rapid increase in the production of fuel cell driven buses, forklifts, airplanes, motorbikes and boats vividly indicate that fuel cell industry stands to substantially profit from the expanding electric vehicle market.
Get a Sample Copy of this Report: @https://www.gminsights.com/request-sample/detail/621
The U.S. and Europe are undeniably the expansion hubs for fuel cell market in the years ahead, primarily on account of the rising number of government initiatives and increased commercialization of the fuel cell technology. While the Department of Energy of the USA has announced the investment of $130 million towards developing hydrogen fueling infrastructure in the country in 2015, the UK government invested $30.6 million towards developing hydrogen fuel vehicle infrastructure in 2017. China has emerged as a major revenue contributor of APAC fuel cell market with a target CAGR estimation of 20% over 2017-2024, driven by the country’s widespread manufacturing of fuel cell driven buses, trucks and light vehicles and the favorable policy support provided by the Chinese government.
As regional and international governments and regulatory bodies across the globe are intent toward decreasing carbon emissions, the popularity of fuel cells is expected to soar as an alternate power source, driven by its renewable and cost-effective nature. With the robust growth witnessed across global renewable energy sector, it is projected that fuel cell industry size would surpass 900 megawatts by 2024 in terms of volume, with an estimated target valuation of USD 6 billion at the end of seven years in terms of revenue.
Author Name :Paroma Bhattacharya