Beneficial Insects Market Size, Share, Growth, Trends, and Global Industry Analysis: By Type (predators, Parasitoids, Pathogens, Pollinators), By Application (crop production and crop protection), and Region Forecast 2019-2030

Beneficial Insect Market size was valued at USD 297.5 million in 2023 and is expected to grow at a CAGR of 9.7% from 2024 to 2030. Several factors are driving the substantial expansion of the beneficial insect’s market, which includes insects that offer ecosystem services including pest control, pollination, and soil enhancement. Growing public awareness of organic agricultural methods and sustainable agriculture, which prioritize natural rather than chemical pesticides, are among the motivators. Beneficial insects support biodiversity preservation and increase crop yields, which drives the industry further due to consumer desire for organic and environmentally friendly produce. Technological developments in insect rearing and application techniques also improve the productivity and efficacy of these insects in agricultural environments in the beneficial insects’ market. The market faces restraints such as challenges in scalability and cost-effectiveness regarding insect-rearing technologies.

The initial investment concerning the setup of an insect production facility can be quite high. There are many opportunities in the industry, especially as the need for sustainable agriculture methods increases on a worldwide scale. A significant possibility is the creation of novel insect species and strains suited for certain pest control or crop pollination requirements. Beneficial trends that are revealed include an increase in the numbers used in large-scale commercial agriculture, as well as those used in small-scale urban farming. Such a rise is with precision agriculture and digital technologies that enable increasingly precise and effective application of beneficial insects. Interest in the potential for beneficial insects in non-agricultural applications is growing, such as forestry and landscaping. Overall, the market is dynamic, with the need for continuous enterprise in new methodologies that ensure sustainability within the environmental and agricultural contexts of the beneficial insect’s market.

Beneficial Insect Market Key Developments:

• In May 2023: The declaration was made by Biobest, a leader in biological control and pollination worldwide, which signed a non-binding letter of intent to acquire BioWorks, Inc., a company based in New York that manufactures and markets the best biopesticides available. The acquisition will expedite Biobest Group's entry into the biopesticide industry by leveraging BioWorks' state-of-the-art portfolio of biopesticides for disease and insect control, as well as its expertise in product development, marketing, and logistics.
• In February 2021: Bioline Agrosciences announced the acquisition of the Kenyan biocontrol business Dudutech from British Flamingo Group International. To support the agricultural and food shift toward an unstoppable agrosystem by developing cutting-edge and accessible products and solutions.