What’s happening in the edible insects industry around the world is pretty clear.
The most forward-looking companies are trying to expand themselves buying other companies or being bought by bigger ones. The last news on the topic is that Aspire Group acquired Exo.
The entrepreneurs are understanding that if this industry wants to grow strong and strongly holding a position in the food market, then the hundreds micro startups era is finished.
The period in which was sufficient to invest a handful of euros for a WordPress page and some others for twenty nice pics of an inexisisting product is finished.
The stage of trying to farm some thousands crickets in the backyard garage is finished.
The transitory period of the Novel Food regulation will be finished really soon, a couple of clic…we all know time runs fast!
Companies that have the aim to be still alive and developing in 2019 must seriously think about fusions, acquisitions or whatever to grow in dimensions, competences and skilled people working together. This is also a great signal given to new potential investors.
Yes, not easy. But nobody said it would be.
Necessary, this for sure.