Global Insect Feed Market: By Product (Meal Worms, Fly Larvae and Others (Including, silkworms, cicadas etc.)), By Application (Aquaculture, Pig Nutrition, Poultry Nutrition and Others (Including cattle and dairy nutrition, etc.)) and Geography

 

The global insect feed market was valued at around US $ 611.8 Mn in 2021 and poised to grow at significant CAGR of 7% over 2022-2028. 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.