Edible Insects for Animal Feed Market projected to reach USD 45.5 Billion by 2030, growing at a CAGR of 37.5% during the forecast period of 2023-2030 – says MarketDigits in its latest study

The Global 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

Richmond, Jan. 31, 2024 (GLOBE NEWSWIRE) — According to a research report “Edible Insects for Animal Feed Market, by Product Type (Meal (Powder), Oil, Whole), Insect Type (Black Soldier Fly, Orthoptera, Housefly, Silkworm, Mealworm), Application (Livestock (Poultry, Swine), Pet Food, Aquaculture), and Region – Global Forecast to 2030.

Global Edible Insects for Animal Feed Market Report Scope:

Report Details
Market size value in 2023 USD 4.9 Billion
Market size value in 2030 USD 45.5 Billion
CAGR (2023-2030) 37.5%
Forecast Period 2023–2030
Historic Data 2019
Forecast Units Value (USD Million/USD Billion)
Segments Covered Product Type, Insect Type, Application and Region
Geographies Covered North America, Europe, Asia Pacific, and RoW
 
  • Beta Hatch
 
  • Delibugs
Sample of Companies Covered
  • Entobel
 
  • Entomo Farms
 
  • EnviroFlight, LLC

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TOC Covers in Depth & Breath on Edible Insects for Animal Feed Market
170 – Market Data Tables
65 – List of Figures
225 – Pages

The report includes Vendor Assessment (Company Profiles, Market Positioning, Strategies, Recent Developments, Capabilities & Product Offerings / Mapping), Technology Assessment (Developments & Economic Impact), Partner & Customer Ecosystem (Product Services, Proposition & Key Features) Competitive Index & Regional FootPrint by MarketDigits.

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.

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

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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.

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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
    • Latin America
    • Europe
    • Asia Pacific
    • Middle East & Africa

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