Insect Feed Market By Product (Meal Worms, Fly Larvae and Others), By Application (Aquaculture, Pig Nutrition, Poultry Nutrition and Others), and By Region - Trends, Analysis and Forecast till 2029

Insect feed market accounted for USD 847.57 Billion in 2020 and is estimated to be USD 2810.17 Billion by 2030 and is anticipated to register a CAGR of 12.9%.

The insect feeds are food source for various animals such as livestock, poultry and fishes as insects feed are rich in protein and consist of natural component such amino acid, minerals, etc. The use of insects feed positively impacts on the health of animals as well as end consumers. Fish oil, soybeans, fish meal, and grains are commonly used ingredients of insect feed. Insects are a source of conventional production of protein, for direct human consumption, recomposed foods, and feedstock mixtures. Insects are natural food sources for many fish and poultry. Chickens, for example, can be found picking worms and larvae from the topsoil and litter where they walk. Insects based protein are high-quality feedstock obtained from insects that can be used as an ingredient for feed for animals, pets, and fish. They are a new food and feed source, and an effort to move away from the traditional sources of proteins like meat and soy.

Rising initiatives by government bodies

Increasing growth in aquaculture and poultry farming is a key factor that drives growth of the global insect feed market. Insect feed has major nutritional value and can deliver higher protein levels per weight in a sustainable way. Further, increasing demand of insect feed for commercial use such as sericulture are other factors also boosts the demand for global insect feed market. The industry of insects as food and feed is a developing new sector in the agricultural and food industry, which supports the growth of the global insect feed market. In addition, insect farming has major environmental advantages such as less land and water is required, greenhouse gas emissions are lower, and have high feed conversion efficiencies. This leads to growth of the global insect feed market. In some regions, for several hundreds of years, humans have been making use of a range of insects as a food source, owing to naturally high in protein and micronutrients. This is also attributed to growth of the global insect feed market.

However, stringent rules for the usage of insects as aquaculture feeds may hamper the growth of the global insect feed market. The market is still in the advanced phase and can provide considerable growth opportunities for feed suppliers and insect farmers. Adoption of insect feed in the ecosystem is expected to reduced feed costs for both farmers and suppliers, which provide a lucrative opportunity for global insect feed market.

The global insect feed market is segmented based on product, application, and region.

On the basis of product, the global insect feed market has been segmented into meal worms, fly larvae and others. Based on application, the global insect feed market has been divided into aquaculture, pig nutrition, poultry nutrition and others.

Regional Insights:

The global insect feed market accounted for US$ 847.57 billion in 2020 and is estimated to be US$ 2810.17 billion by 2030 and is anticipated to register a CAGR of 12.9%. On region the global insect feed market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Each of these regions is analyzed on the basis of market findings across major countries in these regions for a macro-level understanding of the global insect feed market. The market in Asia Pacific is expected to register highest CAGR over the forecasted period, due to high inclination of aquaculture in Asia Pacific, particularly in China and countries in Southeast Asia. Further, the North America region followed by Europe expected to dominate over the forecast period. This is attributed to the growing demand for insect feed owing to increasing meat consumption across various countries in North America regions.

Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the global insect feed market report based on product, application, and region.

Global Insect Feed Market, By Region:

• North America
  •  
    • U.S.
    • Canada
• Europe
  •  
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
• Asia Pacific
  •  
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
• Latin America
  •  
    • Brazilk
    • Mexico
    • Rest of Latin America
• Middle East & Africa
  •  
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa

The key players operating in the global insect feed market includes nextProtein, Buhler AG, Hexafly, Entofood Sdn Bhd, Diptera Nutrition S.r.l, EnviroFlight LLC, Alltech Coppens GmbH, AgriProtein Holdings Ltd., Bioflytech S.L., and HiProMine S.A. Advancements in the product as well as in manufacturing process, product launches, and strategic partnerships are some trends witnessed in the global insect feed market.

NextProtein:

They have scaled up their production after raising €1.3 million funds. The company’s innovative bioconversion process produces feedstock protein using significantly less land, water and energy resources, with less greenhouse gas emissions, than traditional agriculture.

• nextProtein
• Buhler AG
• Hexafly
• Entofood Sdn Bhd
• Diptera Nutrition S.r.l
• EnviroFlight LLC
• Alltech Coppens GmbH
• AgriProtein Holdings Ltd.
• Bioflytech S.L.
• HiProMine S.A