Headlines in the edible insect space are often similar throughout the year. New companies launching edible insect products, articles pronouncing edible insect are food trend of the year (2016, 2017, 2018…I guess they just keep doing that?), or videos of people trying crickets or mealworms for the first time. All of these we love to help spread the word for those that may be hearing about this option for a sustainable food source for the first time.
While it is said that “All News is Good News,” not everyone is a fan of eating cricket powder or trying edible insect. We SOO understand that but love getting the chance to talk about it all the time. The good and the bad help to spread the word about the potential, the availability, and the practicality of using edible insects such as crickets as a food source.
But while these articles and videos do a great job about spreading the word, fundraising rounds and acquired companies in this space are few and far between and this latest one is exciting news for the industry. While the details are still forthcoming, it was recently announced that the cricket protein bar company EXO just was acquired by the Aspire Food Group for an undisclosed amount. After being founded in 2014 and raising over $5.2M in funding, this acquisition is exciting for the edible insect space. For a company just 4-years old with a strong history of subscribers to their protein bar lineup and list of investors such as Marc Bell Ventures, Nasir “Nas” Jones, Dentsu Ventures, Accel Foods, and Tim Ferriss this great news for an early exit for them and exciting for the industry as a whole.
Related Cricket Flours & Edible Insect Posts:
- Why We Should Eat More Bugs Eating Insects is the Future In this video created by BuzzFeed titled, "Why We should Eat More Bugs," individuals are exposed to eating bugs for the first time. Around the world there are over a thousand different types of edible bugs ranging from scorpians, crickets, mealworms, and more. The act of eating insects is called entomophpagy and around 2 billion people around the world are eating insects as food. Eating insects can take the form…
- Top Food Trends for 2018 Each year we all see the same articles. "Top 5 Food Trends of 2018" or "7 Food Trends We KNOW You'll Love..." While a new year starts fresh with the emergence of 2018, the same topics and titles are reused again but with a new year added. So what do we do when we are constantly flooded with new trends and exciting new ideas? Not a lot...and by that I mean we continue to do…
- Shark Tank Chapul Cricket Protein Bar At some of our events we get a lot of questions about our products, inspiration, and who first thought about this "crazy" idea about using insects as a sustainable food and protein source? We love those types of questions, and they are good ones. Not a lot of people have tried crickets, or our milled cricket flour or cricket powder, so of course there would be questions. However, we always like to remind people that…
- Roasted Crickets & Dried Crickets The news recently has covered a lot of great stories about edible insects, roasted crickets, and even cockroach milk! A lot of the world currently eats insects, but for many people living in the US and Western cultures, this is a new idea. Eating roasted crickets for added protein and as a snack is not something you commonly find on menus, but to many of our ancestors this wouldn't seem so strange. It is really…
