Trumponomics
Trumponomics

We'll All Be Eating Bugs Sooner Than You Think

It's not tastebuds or the latest fetish at trendy health food stores that's driving the boom in bug gastronomy. Broad economic forces like climate change and population growth mean insects and grubs are appearing on more menus around the world. Bloomberg's Agnieszka de Sousa talks wit

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Executive Summary: This episode explores insect farming as an emerging response to climate pressure, food demand, and waste management challenges. Guests argue that insects can provide high-protein food and feed with lower land, water, and emissions costs, but the industry’s main hurdle is scaling production and overcoming cultural resistance. Robotics and local production are presented as key enablers of commercialization.

Main Topics: Insect farming as a new protein industry (Priority: 5/5): The discussion frames edible insects—especially mealworms, crickets, locusts/grasshoppers, and cockroaches—as a fast-growing alternative protein market for both human food and animal feed. Cultural barriers to eating insects (Priority: 5/5): Speakers emphasize that the biggest hurdle is not demand but consumer discomfort, since many cultures associate insects with dirt or disgust despite their nutritional value. Scaling and commercialization challenges (Priority: 5/5): Both guests stress that the industry needs more farms, more production capacity, and lower costs before insect ingredients can become mainstream grocery staples. Climate and resource efficiency (Priority: 4/5): Insect farming is presented as a lower-impact protein source that uses less land and water and has a better feed-conversion ratio than beef, making it attractive amid climate change and population growth. Food waste, robotics, and decentralized production (Priority: 4/5): Olympia Yarger describes automated modular systems that process food waste on-site, using insects and robots to decentralize waste management and reduce trucking costs. European and global market development (Priority: 4/5): Agneska D'Souza reports that Europe is developing a local insect-farming ecosystem, even though Asia remains the most established and cost-competitive region.

Key Arguments: Insect protein is commercially viable because it can be produced for food and feed, with demand expected to rise as consumers seek sustainable protein sources. The main barrier is not whether people will buy insect products, but whether producers can manufacture enough at commodity scale for shelf-space in mainstream retail. Insects are resource-efficient: they require less land and water than traditional livestock and can convert feed into protein more efficiently than beef. Cultural attitudes are a major obstacle; products are more acceptable when insects are hidden in familiar formats like bars, chips, flour, or crackers. Robotic, modular insect farms can be placed near waste sources, reducing transport costs and enabling on-site waste processing. The industry is emerging in both Western Europe and Australia, with local entrepreneurs and traditional farmers entering the space rather than relying solely on imported supply.

Data Points: Global industry growth: 100% growth over the next two years - Olympia says both insect food and feed production are expected to double rapidly. Market size: $1 billion industry by 2020 - Projected combined insect food/feed market size mentioned in the interview. Population by 2050: 9 billion - Aggie cites projected global population growth as a driver of alternative proteins. Food supply increase needed: At least 50% - Aggie says food supplies will need to rise by this amount by 2050. Feed conversion ratio: Five times smaller than beef - Aggie explains that crickets require much less feed per kilogram of output than beef. Protein content of mealworms: 60% protein - Olympia notes mealworms are highly protein-dense. Insect flour share in a bar: 10% of the product - Aggie says a product she tried contained only a small portion of insect flour. Thai farm count: At least 20,000 farms - Aggie references Thailand as a major insect-farming hub. Relative price in Western markets: Up to 5x higher - Crickets or cricket flour in Europe/North America can cost five times more than in Thailand. Commercialization timeline: Next 18 months - Olympia says Goterra plans to commercialize its robotic system within this period. Adoption timeline: Less than two years away - Dan speculates cricket products could appear in mainstream grocery aisles within this timeframe.

Pivotal Quotes: "There are two kinds of people in the world: people who think about climate change and people who are doing something about it." — Akshat Rati: Opening promo for the Zero podcast, framing climate action as practical rather than moralizing. "The challenge for any new industry, but in this case, this industry is the commercial capacity to produce commodity for FMCG." — Olympia Jerger: Explaining that scaling production, not consumer interest, is the main barrier to mainstream insect products. "Insect farming doesn't require as much land... they do not require huge water resources." — Agneska D'Souza: Describing why insect protein is attractive from a sustainability and resource-use perspective.

Implications: Insect protein may become a mainstream niche in the next few years, especially in processed foods and animal feed. Success depends on scaling technology, lowering costs, and normalizing insects as ingredients rather than whole foods.

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About Trumponomics

Tariffs, crypto, deregulation, tax cuts, protectionism, are just some of the things back on the table when Donald Trump returns to the Presidency. To help you plan for Trump's singular approach to economics, Bloomberg presents Trumponomics, a weekly podcast focused on the Trump administration's economic policies and plans. Editorial head of government and economics Stephanie Flanders will be joined each week by reporters in Washington D.C. and Wall Street to examine how Trump's policies are s...

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