British Bank Says Eating Insects Will Soon Be a Billion Dollar Business

June 27, 2019

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A new report from British investment bank Barclays says edible insects are poised to be one of the next big food trends in the West, and could be worth $8 billion worldwide by 2030. Barclays reports the insect food business is worth less than $1 billion this year, but predicts nearly 25 percent growth for the industry yearly over the next decade. The report said members of Generation Z are “most likely to overcome the ‘yuck factor’ associated with consuming insects, as they are more likely to care about the food sources' positive environmental impact. United Nations’ Food and Agriculture Organization said crickets “need six times less feed than cattle, four times less than sheep, and twice less than pigs and broiler chickens to produce the same amount of protein.”

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