To improve the website's functionality, we use cookies, including third-party cookies. Read our Privacy Policy for more information

I Agree

Black Soldier Fly Market

Black Soldier Fly Market By Product Type (Protein Meal, Frass, Whole Dried Larvae, Larvae Oil), By Application (Animal Feed, Pet Food, Agriculture) & By Region (North America, Latin America, Western Europe) - Global Market Insights 2022-2032

Analysis of Black Soldier Fly Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Black Soldier Fly Market Outlook (2022-2032)

The global market for black soldier fly market is valued at USD 0.21 Billion at present in 2022. The market is expected to grow with a CAGR of 30.5% in the forecast period. The arcade is likely to cross a valuation of USD 3.03 Billion by end of 2032.

In comparison to former years, there is prosperity in sustainability awareness. Sustainability preferences have touched every aspect of consumer preferences. Dietary preferences by people are now inclining more toward nutrition-rich and environmentally friendly options.

Demand for food rises as the population grows. Production of meat has expanded to meet the rising global need for food by expelling the population. To increase the quality of the meat produced by animals, proper feed must be given to them.

Increasing plea for farmed fish has led to a rise in fish oil and fish meal prices. Insect feed serves as a viable and more profitable protein-rich aqua feed alternative thus benefiting the growth of the market with the expansion of the aquaculture industry.

The market for edible insects for animal feed has been introduced by the feed industry. Moreover, high levels of protein found in insects are crucial for improving livestock growth. With the intention to meet the growing demand for protein, farmers are looking for alternative resources.

Report Attributes

Details

Market size (2022 A)

USD 0.21 Billion

Base Year for Estimation

2022

Forecast duration for this research

2022-2032

Forecasted Market value (2032 F)

USD 3.03 Billion

Global Market Growth rate (2022-2032 E)

CAGR of 30.5%

Key Companies Profiled

  • EnviroFlight
  • LLC
  • Entomo Farms
  • Beta Hatch
  • Nutritional Technologies Group
  • Hexafly Biotech
  • Entobel
  • HiProMine S.A.
  • Protenga

Don't Need a Global Report?

Save 40% on Country & Region specific reports

What drives demand for this market?

Consumer-oriented demands in meat quality have motivated meat producers to concentrate on the nutritional aspects of livestock rearing as it controls several aspects of meat quality. As a dry product, black soldier fly contains 50% to 80% of protein, which is added to the animal nutrition value. It also contains amino acids, which are highly digestible for animals. Thus, increased efforts to upgrade the quality of meat through nutrient-infused feed will proliferate sales of insects for use in animal feed.

There is a rise in preferences for the consumption of insects as a part of the diet in animal protein which is gaining attention. Cost-effectiveness is a key driver for people to include these as alternatives for animal meat. The appearance of insects in feed is attributable to their nutritional, economic, and environmental value.

The increased scrutiny of insects is part of multifaceted strategies for achieving global feed security for animals. Insects have high protein content and excellent production efficiency compared to other conventional feed products.

Black soldier fly needs four times less feed than sheep, 12 times less than cattle, and half as much as broiler chickens and pigs to produce the same amount of protein. Replacement of fish meals with dried insects has shown an increase in egg production by 2.4%. Thus, with the high protein content insects are increasingly gaining popularity among animal rearers as an efficient alternative to high-cost protein sources.

Black Soldier Fly Market

More Insights, Lesser Cost (-50% off)

Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR

What restraints are faced by the market?

The COVID-19 outbreak created an anxious situation among animal nutrition manufacturers due to trade barriers, but the steady demand from the animal feed industry has had minimal impact on the insect market. The higher demand pattern for cost-effective sustainable solutions is expected to offer significant growth for the insect industry. Disruption in agriculture and trading activities may lead to fluctuation in agri-commodity prices thus positively impacting the growth of edible insects for offering proteins to animals.

Know thy Competitors

Competitive landscape highlights only certain players
Complete list available upon request

Regional Outlook

According to U.N., the worldwide livestock industry is responsible for 14.5% of global greenhouse emissions. The production of insects is known to be around 20 times more efficient as a protein source as it produces 80 times less methane. Thus, demand is expected to be steady with the increasing government’s efforts in the US towards including sustainable products for animal feed.

Demand for black soldier fly in U.S. and Canadian markets will be led by highlighted manufacturers’ interest in increasing their market share in this industry. With increased focus on the potential of insects for animal feed in the near future, many manufacturers in the U.S. have increased their production capacity and many are in process of increasing it.

The European market has undergone rapid growth for edible insects during the last years, especially after the EU commission allowed the use of insects in feed for pets and aquaculture animals starting in July 2017. Several start-ups, small/medium enterprises, and a few large-scale companies were founded across Europe with the aim of improving insect-rearing methods which attracted the interest of important investors.

The International Platform of Insects for Food and Feed, an EU non-profit organization, promotes the use of insects and insect-derived products as a source of nutrients for human consumption and animal feed. In 2019, its member companies raised US$ 685 Mn to produce more than 6000 tons of insects 2019. Thus, the increasing commercialization of edible insects for animal feed in Europe is expected to benefit the market growth of the black soldier fly market.

Competitive Landscape

Investors have also identified insect-based animal feed products to be a lucrative prospect for increased profits. Thus, increased investment by investors has enabled manufacturers to increase production capacities to cater to the increasing demand for insects. This growing interest and increasing production capacities of the manufacturers are expected to drive substantial growth for insect-based animal feed in U.S. and Canada during the forecast period.

Key manufacturers like AgriProtein Holdings Ltd, and others are focusing on the expansion of their production facilities as well as strategic alliances/partnerships with regional feed manufacturers in Western Europe, Asia Pacific, and the Middle East, to increase their market presence and product offerings in the global market.

Additionally, manufacturers including Nutrition Technologies Group, HiProMine S.A are introducing novel techniques and methods for black soldier fly raising and breeding to improve the quality of their products as well as increase production. Companies are investing in R&D intending to develop competitive and adaptable insect production and processing technologies.

Black Soldier Fly Market: Segmentation

  • By Product Type :

    • Protein Meal
    • Frass
    • Whole Dried Larvae
    • Larvae Oil
    • Others (Live, Larvae, Cocoon, & Pupa)
  • By Application :

    • Animal Feed
    • Pet Food
    • Agriculture
    • Others
  • By Region :

    • North America
      • US & Canada
    • Latin America
      • Brazil, Mexico, and Others
    • Western Europe
      • EU5
      • Nordics
      • Benelux
    • Eastern Europe
    • Asia Pacific
      • Australia and New Zealand (ANZ)
      • Greater China
      • India
      • ASEAN
      • Rest of Asia Pacific
    • Japan
    • Middle East and Africa
      • GCC Countries
      • Other Middle East
      • North Africa
      • South Africa
      • Other Africa

- Premium Report Details -

Black Soldier Fly Market

- Let's Connect -

Talk To an Expert Today Connect

- Get Started -

Get insights that lead to new growth opportunities

Pre Book

Get A Special pricing for start-ups and universities

Enquiry Before Buying

- Humble, Yet Honored -

Our prestigious clients

- Research Methodology -

An Adaptive Approach to Modern-day Research Needs

Get Methodology

- FAQs -

The global market for black soldier fly market is valued at USD 0.21 Billion at present in 2022.

The arcade is likely to cross a valuation of USD 3.03 Billion by end of 2032.

The market is expected to grow with a CAGR of 30.5% in the forecast period.

The key companies in this sector are- • EnviroFlight • LLC • Entomo Farms • Beta Hatch • Nutritional Technologies Group • Hexafly Biotech • Entobel • HiProMine S.A. • Protenga

North American markets led by USA and Canada are dominant in this market.

The black soldier fly market has high growth potential due to the rising demand for insect meal in livestock feed.

Exclusive Report

Need An Exclusive Report For Your Unique Requirement?

Google translate