Personally, I’m thinking of the lack of nutritional value. How nutritious can a worm be whose sole source of nutrition for it is wood pulp?
How nutritious can an animal be whose sole source of nutrition is dried grass?
Anyway, I grew up hearing that our 21st century descendants would be eating processed algae, so bug and worm eating seems like part of the general plan.
Wood is primarily the substrate that they live in, and are protected by.
Per Wikipedia:
Like most marine based bivalves, teredo worms are primarily filter feeders and consume mostly seston, and not wood.[2] Wood supplements their primary diet and is consumed with the assistance of bacteria inside their [gill] cells.[3] However, wood is not a necessary part of their diet and they can live on the surface both of wooden and non-wooden structures.[4]