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When will a company, in any country, generate $50M revenue from edible insect product sales alone, in a single year?

Edible insects are insect species used for human consumption, e.g., whole or as an ingredient in processed food products such as burger patties, pasta, or snacks.

It is estimated that insect-eating is practised regularly by at least 2 billion people worldwide (Tao and Li, 2017). Many of these insects contain amounts of protein, fat, vitamins, and minerals comparable to commonly eaten livestock (ibid.).

The global edible insects market is estimated to be expanding supported by a compound annual growth rate of over 20% during the forecast period of 2019 to 2030. This is reported to be due to various reasons, such as growing population and decreasing food resources, increasing demand for protein-rich food, the high cost of animal protein, and a growing demand for the environment friendly protein rich food].

As of 2015, there were around a dozen US based edible insect companies. Two companies are reported to have received over a million dollar funding in a single fundraising round.

When will a company, in any country, generate $50M revenue in one year from edible insect product sales alone?


Resolution

This question resolves as the date when any company generates at least $50M revenue in one year from edible insect products that are for human consumption (i.e. livestock feed and pet food companies are excluded). These products could be whole insects, or any processed food products that with at least a 2% edible insect content by weight. However alcoholic spirits that contain insects do not count as qualifying products.

Reports supporting resolution should come from public company filings, or credible financial news sources.

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