Description
This study covers the world outlook for edible insects across more than 190 countries. For each year reported, estimates are given for the latent demand, or potential industry earnings (P.I.E.), for the country in question (in millions of U.S. dollars), the percent share the country is of the region, and of the globe. These comparative benchmarks allow the reader to quickly gauge a country vis-à-vis others. The use of econometric models which project fundamental economic dynamics within each country and across countries, latent demand estimates are created. This report does not discuss the specific players out there serving the latent demand, nor specific details at the product level. The study also does not imagine short-term cyclicalities that might have an effect on realized sales. The study, subsequently, is strategic in nature, taking an aggregate and long-run view, irrespective of the players or products involved. This study does not report actual sales data (which are simply unavailable, in a comparable or consistent manner in virtually the entire countries of the world). This study gives, on the other hand, my estimates for the worldwide latent demand, or the P.I.E., for edible insects. It also shows how the P.I.E. is divided across the world’s regional and national markets. For each country, I also show my estimates of how the P.I.E. grows over the years (positive or negative growth). With the intention to make these estimates, a multi-stage methodology was employed that is incessantly taught in courses on international strategic planning at graduate schools of business.
