Edible Insects for Animal Feed Market 2030 by Product Type (Meal (Powder), Oil, Whole), Insect Type (Black Soldier Fly, Orthoptera, Housefly, Silkworm, Mealworm), Application and Region - Partner & Customer Ecosystem (Product Services, Proposition & Key Features) Competitive Index & Regional Footprints by MarketDigits

Industry : FMCG | Pages : 186 Pages | Published On : Apr 2024

         
     

The Edible Insects for Animal Feed Market was valued USD 4.9 Billion in 2023 and projected to reach USD 45.5 Billion by 2030, growing at a CAGR of 37.5% during the forecast period of 2023-2030.

Edible Insects for Animal Feed Market Size


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             2019                         2023-2030      

ReportDetails
Market Size ValueUSD 4.9 Billion in 2023
Market Size ValueUSD 45.5 Billion by 2030
CAGRCAGR of 37.5%
Forecast Period2023-2030
Historic Data2019
Segments CoveredProduct Type, Insect Type, Application and Region
Geographics CoveredNorth America, Europe, Asia Pacific, and RoW

Major vendors in the global Edible Insects for Animal Feed Market: Beta Hatch, Delibugs, Entobel, Entomo Farms, EnviroFlight, LLC, Haocheng Mealworms Inc., Hexafly Biotech, HiProMine S.A., InnovaFeed, Kreca Ento-Feed BV, Mutatec, nextProtein, Nusect, Nutrition Technologies Group, Protenga, Protix, Ynsect SAS and Others.

Market Overview

Edible Insects for Animal Feed, a rapidly evolving field in the realm of cybersecurity and data protection, is poised to make a significant impact in the technology sector. It is a cutting-edge approach that ensures data remains confidential and secure, even when processed in untrusted environments. As organizations grapple with increasingly complex and sophisticated threats to their sensitive information, the Edible Insects for Animal Feed market has seen substantial growth and innovation. Edible Insects for Animal Feed is an emerging technology that is designed to protect sensitive data while it is being processed by applications in the cloud or other computing environments. It aims to keep data encrypted and secure even during processing, thereby minimizing the risk of data breaches and unauthorized access. The Edible Insects for Animal Feed market has been growing as organizations increasingly recognize the importance of securing sensitive data. The demand for stronger data protection mechanisms has driven growth in this sector.

High Demand for Mealworms Due to Their Rich Nutritional Profile

The high demand for mealworms in the Edible Insects for Animal Feed Market is a significant driver, attributed to their rich nutritional profile. Mealworms are a potent source of essential nutrients, including high-quality proteins, beneficial fats, vitamins, and minerals. With a nutritional composition that aligns well with the dietary needs of livestock and aquaculture, mealworms have gained popularity as an effective and sustainable feed ingredient. Their versatility and compatibility with various animal species contribute to increased demand, addressing the growing need for alternative protein sources in animal nutrition. As the industry embraces the nutritional benefits of mealworms, the demand surge reflects a broader shift toward sustainable and nutrient-dense solutions in the animal feed sector.

Market Dynamics

Drivers:

  • High Demand for Mealworms Due to Their Rich Nutritional Profile
  • Sustainability and Environmental Concerns

Opportunities:

  • Diversification of Product Offerings
  • Integration into Circular Economies

Technology Integration in Farming Practices

Technology integration in farming practices is a prominent trend in the Edible Insects for Animal Feed Market. Insect farming operations are increasingly leveraging advanced technologies to enhance efficiency and sustainability. Automation, precision farming, and data analytics are being applied to optimize environmental conditions, automate feeding processes, and monitor insect health. These technological advancements contribute to increased production consistency, reduced resource inputs, and improved overall yields. The integration of smart farming practices not only ensures optimal conditions for insect growth but also enables real-time monitoring and control, fostering precision in insect farming operations. As the industry continues to evolve, the use of technology is poised to play a pivotal role in scaling up insect production and meeting the rising demand for sustainable animal feed solutions.

The market for Edible Insects for Animal Feed is dominated by North America.

Europe stands out as the dominating region in the Edible Insects for Animal Feed Market, holding the largest market share. The region's leadership is driven by a confluence of factors, including a strong focus on sustainable agriculture, stringent regulations promoting alternative protein sources, and a growing awareness of environmental concerns associated with traditional feed ingredients. European countries have been at the forefront of embracing insect-based solutions in animal nutrition, leveraging the rich nutritional profiles of edible insects like mealworms and crickets. The increasing acceptance of insect-derived products, coupled with supportive regulatory frameworks, has facilitated the widespread adoption of edible insects in animal feed formulations. As the demand for sustainable and protein-rich feed alternatives continues to rise, Europe is likely to maintain its prominent position in driving the growth of the Edible Insects for Animal Feed Market.

The Aquaculture Segment is Anticipated to Hold the Largest Market Share During the Forecast Period

Based on application the Edible Insects for Animal Feed market is segmented into Livestock, Pet Food, and Aquaculture. Aquaculture emerges as the dominating application segment in the Edible Insects for Animal Feed Market. The inherent nutritional benefits of edible insects, such as mealworms and black soldier fly larvae, align seamlessly with the dietary requirements of aquatic species. Insects offer a rich source of proteins, essential amino acids, and other vital nutrients crucial for optimal growth and health in aquaculture. The sustainability factor further enhances their appeal, addressing the industry's need for eco-friendly and efficient protein sources. As the aquaculture sector continues to expand globally to meet the rising demand for seafood, the utilization of edible insects in aquafeed formulations has become a strategic imperative, contributing significantly to the market's growth and establishing aquaculture as a key driver within the Edible Insects for Animal Feed Market.

Segmentations Analysis of Edible Insects for Animal Feed Market: -

  • By Product Type:
    • Meal (Powder)
    • Oil
    • Whole
  • By Insect Type:
    • Black Soldier Fly
    • Orthoptera
    • Housefly
    • Silkworm
    • Mealworm
  • By Application:
    • Livestock
      • Poultry
      • Swine
    • Pet Food
    • Aquaculture
  • By Region
    • North America
      • U.S.
      • Canada
    • Latin America
      • Brazil
      • Mexico
      • Argentina
      • Colombia
      • Chile
      • Peru
      • Rest of Latin America
    • Europe
      • Germany
      • France
      • Italy
      • Spain
      • U.K.
      • BENELUX
      • CIS & Russia
      • Nordics
      • Austria
      • Poland
      • Rest of Europe
    • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Thailand
    • Indonesia
    • Malaysia
    • Vietnam
    • Australia & New Zealand
    • Rest of Asia Pacific
    • Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa
    • Nigeria
    • Egypt
    • Israel
    • Turkey
    • Rest of MEA

 Recent Developments

  • In October 2021, Aspire Food Group announced the construction of a new automated cricket processing facility located in London, Ontario, Canada. This investment would allow the company to produce 10,000 tons of crickets-based products per year. In turn, this would enable Aspire Food Group to cater to the growing demand from the animal feed industry.
  • In May 2021, InnovaFeed and Cargill expanded their partnership beyond aquaculture nutrition through a collaboration, which includes the use of insect oil for pig feed. This extended partnership is expected to benefit more than 20 million piglets by 2026 and enable the company to play a strategic role in making the global food model more sustainable.

    Answers to Following Key Questions:
  • What will be the Edible Insects for Animal Feed Market’s Trends & growth rate? What analysis has been done of the prices, sales, and volume of the top producers in the Edible Insects for Animal Feed Market?
  • What are the main forces behind worldwide Edible Insects for Animal Feed Market? Which companies dominate Edible Insects for Animal Feed Market?
  • Which companies dominate Edible Insects for Animal Feed Market? Which business possibilities, dangers, and tactics did they embrace in the market?
  • What are the global Edible Insects for Animal Feed industry's suppliers' opportunities and dangers in Edible Insects for Animal Feed Market?
  • What is the Edible Insects for Animal Feed industry's regional sales, income, and pricing analysis? In the Edible Insects for Animal Feed Market, who are the distributors, traders, and resellers?
  • What are the main geographic areas for various trades that are anticipated to have astounding expansion over the Edible Insects for Animal Feed Market?
  • What are the main geographical areas for various industries that are anticipated to observe astounding expansion for Edible Insects for Animal Feed Market?
  • What are the dominant revenue-generating regions for Edible Insects for Animal Feed Market, as well as regional growth trends?
  • By the end of the forecast period, what will the market size and growth rate be?
  • What are the main Edible Insects for Animal Feed Market trends that are influencing the market's expansion?
  • Which key product categories dominate Edible Insects for Animal Feed Market? What is Edible Insects for Animal Feed Market’s main applications?
  • In the coming years, which Edible Insects for Animal Feed Market technology will dominate the market?

Reason to purchase this Edible Insects for Animal Feed Market Report:

  • Determine prospective investment areas based on a detailed trend analysis of the global Edible Insects for Animal Feed Market over the next years.
  • Gain an in-depth understanding of the underlying factors driving demand for different Edible Insects for Animal Feed Market segments in the top spending countries across the world and identify the opportunities each offers.
  • Strengthen your understanding of the market in terms of demand drivers, industry trends, and the latest technological developments, among others.
  • Identify the major channels that are driving the global Edible Insects for Animal Feed Market, providing a clear picture of future opportunities that can be tapped, resulting in revenue expansion.
  • Channelize resources by focusing on the ongoing programs that are being undertaken by the different countries within the global Edible Insects for Animal Feed Market.
  • Make correct business decisions based on a thorough analysis of the total competitive landscape of the sector with detailed profiles of the top Edible Insects for Animal Feed Market providers worldwide, including information about their products, alliances, recent contract wins, and financial analysis wherever available.

TOC

Table and Figures

Methodology:

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Furthermore, our methodology incorporates technology-based research techniques, such as data mining, text analytics, and predictive modelling, to uncover hidden patterns, correlations, and trends within the data. This data-driven approach enhances the accuracy and reliability of our analysis, enabling us to make informed and actionable recommendations.

In addition, our analysts bring their industry expertise and domain knowledge to bear on the research process. Their deep understanding of market dynamics, emerging trends, and future prospects allows for insightful interpretation of the data and identification of strategic opportunities.

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