- Meal Worms
- Fly Larvae
- Others (Including, silkworms, cicadas etc.)
Insect Feed Market was valued at USD 611.8 million in 2022 and is poised to grow at a significant CAGR of 7% over 2023-2029. Due to the increase in the number meat consuming population and rising demand of livestock farming such as aquaculture, poultry, etc. which rising the demand of feeding supplies which boosts the growth of the market. Insect feed consist of number of essential nutrients which are required for the diet. Additionally, edible insect are widely used in animal farming. However, high cost of insect feed and the concerns related with disease are the major factors that hinder the growth of the insect feed market. For example, Europe banned the utilization of insects as livestock feed after the outbreak of mad cow disease in British Isles. After 2013, Europe permitted the use of insect feed for aquaculture under stringent restrictions.
This report gives comprehensive outlook on insect feed across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The report gives historical, current, and future market sizes (US$ Mn) on the basis of product, application and region. This report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, This report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global insect feed market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities). Key stakeholders of the global market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in global insect feed products. Global insect feed market is surging owing to frequent acquisitions and launchings by the market players. In January 2017, Buhler partnered with Protix to develop industrial scale solutions for larvae rearing, feedstock processing, and larvae processing for producing quality insect ingredients.
Fastest Growing Market
Insect feed consists of essential nutrients such as amino acids, proteins and others which are positively impact the health of both animals and end consumers. In recent years, the increasing in the fish consuming population demand in the increasing in the aquaculture or fish farming which boost the market growth. Low cost for the production and obtaining of natural nutrients are the some of the major reasons for the rising popularity of the insect feeds. Rising demand of natural feeding supplies will further boost the mark growth.
The insect feed market size was valued at USD 611.8 million in 2022
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
AgriProtein,Diptera Nutrition, Enterra Feed, Entofood, Entomo Farms, Entomotech