First To Market – What it Means for Edible Insect Companies

 

The horizon is vast, and the journey will be long, but I’m excited so many edible insect companies are coming along!

Wendy Lu McGill, CEO of Rocky Mountain Micro Ranch, made a great point during her presentation at Eating Insects Detroit. She mentioned that most of the entomo-enthusiasts in the room had something in common: they were, or are, first to market *mic drop*.

What does it mean to be first to market? The edible insect market is relatively new in our modern industrial timeline. It’s beautiful / cool / exciting / invigorating to be at the precipice of a new industry – to be a part of a community where the rules are still being written! One could also say, however, it’s confusing / stressful / risky / an uphill battle to be at the precipice of a new industry where the rules are still being written. It depends how you look at it.

McGill noted that as the first micro cricket farm in Colorado, she was left to answer a lot of questions on her own. The early days of her company involved her calling government regulatory offices with questions like, “Hi – I’m starting the first company out here focused on producing insects for human consumption. What do I need to do to be in compliance?” She recalled that it took a while for these regulatory offices to even figure out who had enough knowledge to discuss the subject, let alone even get back to her.

While pioneering the regulatory landscape of edible insects in a new market is not without its challenges, it does present an exciting and unique opportunity to shape the field we choose to work in. I believe that it is essential that this herculean task be taken on collaboratively, using the wisdom and taking into account the needs of all the stakeholders in the industry. The importance, and lasting consequences, of setting precedent cannot be overstated.

Additionally, being first to market presents a different landscape to pursue paid and earned media attention. First, the bad news: in a new industry like edible insects, we have to create the market. It’s not just the regulators that have some catching up to do – consumers need to be educated and primed for market adoption. We lack the audiences that are already grouped in to channels that are available for mass marketing – far and few between are the Facebook fan pages for edible insects (currently a few exist with <1500 followers), the Twitter accounts for little livestock enthusiasts, or other email lists with suitable crowds. In addition, we have to catch the attention of the press – they’re certainly not looking for beats on a topic many don’t even know exists! On the positive side, however, once that initial media attention is sparked, the novelty of edible insects may make them more likely to get picked up by reporters. These stories might carry more potential virility in them. This is, however, a double edged sword. It’s up to us to ensure that these stories stay within our control and do not shape our industry in a creepy-crawler way. It’s essential that we do not sacrifice the integrity of our new marketplace for quick press. The collective group of emerging businesses in the edible insect space must stand together to deliver a message to consumers that is consistent. Insects are an ingredient. Insects are food. Insects are safe. Insects are sustainable. Insects are not a gimmick or stunt or fad food.

How long will the novelty and the earned media of this last? We don’t know. Soon this will become like the marketing of any other food…. we hope! I’ve reached out to a few pioneers for their views: Mark Nagy -CEO of Incredible Foods, Julia Plevin – Cofounder of Critter Bitters, and Wendy Lu McGil – CEO of Rocky Mountain Micro Ranch.

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What does it mean to be first to market?

What was your biggest challenge in being first to market?

On the brighter side, what was the biggest advantage you had from being early to the insect game?

How long do you think it will take for crickets and other insects to appear in major grocery store chains with frequency?

Do you have any concerns with how our industry is currently marketing edible insects?

Many thanks to our wise sages for their insight. Be sure to support these pioneers at: Incredible FoodsCritter Bitters, and Rocky Mountain Micro Ranch.

 

 

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