Edible Insects for Animal Feed Market

Edible Insects for Animal Feed Market Analysis by Meal (Powder), Oil, and Whole for Livestock, Petfood, and Aquaculture from 2024 to 2034

Analysis of Edible Insects for Animal Feed Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Edible Insects for Animal Feed Market Outlook (2024 to 2034)

Fact.MR, in its newly published research report, asserts that the global edible insects for animal feed market size is pegged at US$ 5.14 billion in 2024. The market is predicted to expand at a prolific CAGR of 23% and reach a value of US$ 40.67 billion by the end of 2034.

Growing awareness related to the environmental impacts of conventional livestock farming, including deforestation, water usage, and greenhouse gas emission, is predicted to lead to increased consumption of edible insects for animal feed.

Insects are believed to be rich sources of protein, minerals, vitamins, and healthy fats, thereby making them an attractive option to enhance the nutritional profile of products used as animal feed probiotics. Rising acknowledgment of the potential insects used in animal feed is predicted to propel their adoption as animal feed products.

Constant R&D initiatives are undertaken to discover new methods for the production, processing, and incorporation of insects into feed formulations at the mass level. Advancements taking place in farming methods and technologies are projected to contribute to the feasibility and scalability of edible insects for animal feed.

  • Sales of edible insects for animal feed in China are projected to rise at a 23.8% CAGR and reach US$ 6.64 billion by the end of 2034.
  • Worldwide demand for edible insects for animal feed for aquaculture is forecasted to increase at a 22.6% CAGR and reach a market value of US$ 16.19 billion by 2034-end.
  • North America is predicted to hold a 25.6% share of global market revenue by 2034.

The livestock industry is exploring several alternative sources of protein because of the rising prices of traditional feed to match the nutritional requirements of animals at a comparatively lower cost. In addition, increased acceptance and openness about insect-based products are predicted to influence the demand for edible insects for animal feed.

More livestock owners are opting for high-protein nutrition in several animal feeds. Moreover, government bodies are also opting to curtail the greenhouse footprints, thus boosting the demand for organic feed across geographies.

Report Attributes Details
Edible Insects for Animal Feed Market Size (2024E) US$ 5.14 Billion
Forecasted Market Value (2034F) US$ 40.67 Billion
Global Market Growth Rate (2024 to 2034) 23% CAGR
North America Market Share (2034F) 25.6%
Mexico Market Growth Rate (2024 to 2034) 26.6% CAGR
Japan Market Growth Rate (2024 to 2034) 24.7% CAGR
Aquaculture Segment Share (2024E) 39.81%
Key Companies Profiled
  • AgriProtein Holdings Ltd.
  • Protix
  • Ynsect SAS
  • InnovaFeed
  • Entomo Farms
  • EnviroFlight, LLC
  • Beta Hatch
  • Hexafly Biotech
  • Nutrition Technologies Group
  • Entobel
  • Mutatec
  • HiProMine S.A.
  • Enterra Feed Corporation
  • Kreca Ento-Feed BV
  • Entomotech S.L.
  • Delibugs
  • Haocheng Mealworms Inc.
  • Protenga
  • Nusect
  • nextProtein

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What is Driving Edible Insects for Animal Feed Market Growth?

“Robust Nutritional Profile of Edible Insects”

Increased levels of nutritive protein are available in insect-based products and edible insects. They are adopted as a great replacement for conventional sources of protein in animal feed.

Edible insects, including amino acids, are absorbed easily by animals. Chitin, antimicrobial peptides, and lauric acid with immune-boosting properties are present in several insects. Insects are generally high in protein, ‘animal’ fiber, and lipids. Further, some insects are also becoming popular due to their high vitamin and mineral content. However, the nutritional content of insects varies based on their growth environment, sex, developmental stage, diet, and species.

“Insects Emerging as Cost-effective Alternative to Expensive Traditional Protein Sources”

Conventional protein sources consumed by animals include fish oil and fish meal and plant-based proteins, including soy protein and several other grain proteins. About 60% to 70% of the manufacturing costs go toward the prices of fishmeal, meat meal, and soybean meal, making them more expensive than protein derived from insects.

Fish meat is used significantly for aquaculture farming and similar meat types in pet feed. The prices of these feed types are comparatively higher and edible insects are adopted as cheaper alternatives by manufacturers of fish feed. These aspects are projected to influence the purchasing behavior of players and customers in the aquaculture industry, ultimately leading to an inclination toward insect-based products.

Compared to the typical protein sources, insect-based proteins are more economical and minimize the prices of animal nutrition. Therefore, insect-based protein is predicted to gain popularity across geographies.

What Can Adversely Impact Global Edible Insects for Animal Feed Market Trends?

“Challenge of Addressing Societal Concerns and Stringent Quality and Safety Standards”

Farmers need to match the growing expectations of consumers, including meat and poultry manufacturers, for nutritious, high-quality, and safe products for animal feed. In addition, they are required to address certain societal challenges, including overdose of antibiotics that not only harm animal health but also profits.

Manufacturers of edible insects need to meet high standards that can put tremendous pressure to ensure the safety and quality of their respective products. These challenges are predicted to adversely impact the edible insects for animal feed market.

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What Strategies are Aiding New Companies Secure Their Market Position?

“Development of New Line of Sensory and Functional Edible Insects”

Start-ups can create a new line of edible insects with superior sensory and functional qualities, especially for cattle and pet nutrition. New entrants aiming to be involved in the production of edible insects for animal feed are focusing on providing more qualitative facilities for increased demand for affordable and high-nutritional feed components. In addition, they can also focus on manufacturing specialized products.

Country-wise Insights

North America is forecasted to hold 25.6% edible insects for animal feed market share by 2034. Growth opportunities in the regional market are attributed to the increased demand for several types of edible insects from the animal feed sector. Aquaculture, pet food, and livestock are some popular edible insects for animal feed adopted in the regional market.

What is the Contribution of the United States in Driving Sales of Edible Insects for Animal Feed?

“Market Benefitting from Shift toward Sustainable Feed Options”

Attribute United States
Market Value (2024E) US$ 853.5 Million
Growth Rate (2024 to 2034) 24% CAGR
Projected Value (2034F) US$ 7.34 Billion

The market in the United States is projected to hold a 70.5% share of regional market revenue in North America by 2034. Producers of livestock are opting for sustainable and diverse feed options to improve the overall health and nutrition of animals. Edible insects provide a nutritious addition to animal diets, offering a novel way to improve feed formulations.

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Category-wise Insights

As per the report by Fact.MR, a market research and competitive intelligence provider, the worldwide demand for mealworms is predicted to increase due to their higher nutritional value. Waste generated after consumption of these feed options can serve as an organic fertilizer.

Which Insect Type is Set to Account for a Significant Market Share?

“Sustainability Feature of Mealworms Driving Their Increased Demand”

Mealworms held a 51% share of global market revenue in 2023. The increased demand for mealworms is attributed to their high nutritional value. In addition, lower risks of getting zoonotic diseases with the consumption of this feed option are predicted to increase their demand. Compared to traditional animal protein sources, they are adopted as a sustainable option. Waste generated by animals after mealworm consumption can be used as an ideal organic fertilizer.

What is the Primary Application of Edible Insects for Animal Feed?

“Widespread Adoption of Edible Insects in Aquaculture Industry”

Attribute Aquaculture
Segment Value (2024E) US$ 2.1 Billion
Growth Rate (2024 to 2034) 22.6% CAGR
Projected Value (2034F) US$ 16.19 Billion

The aquaculture segment is predicted to hold 39.81% share of the global market by 2034. This dominance is owing to the increased adoption of dietary insect meal in crustacean and fish feed, which has no negative effects on their performance and growth. The incorporation of insect protein into several aquafeeds is predicted to raise the FCR (feed conversion ratio), as seen in giant water prawn or juvenile rainbow trout.

Competitive Analysis

Manufacturers are adopting cutting-edge approaches to breed and grow insects to increase productivity as well as improve product quality. In addition, businesses are investing in R&D activities for the creation of versatile and competitive insect processing methods. They are focusing on ensuring product quality, efficient supply chain system management, new developments, and collaborations.

For instance :

  • Ynsect, in November 2021, announced the launch of its first product in the market in the United States. The company collaborated with Pure Simple True LLC for this launch. As a sustainable and high-quality protein, it is adopted as an essential product in dog food.
  • Agriprotein Holdings, in November 2020, announced its joint venture with PreZero. The latter is operating in environmental services and recycling solutions and develops several closed-loop solutions for waste while establishing collaborations.

Key players in the edible insects for animal feed industry are AgriProtein Holdings Ltd., Protix, Ynsect SAS, InnovaFeed, Entomo Farms, EnviroFlight, LLC, Beta Hatch, Hexafly Biotech, Nutrition Technologies Group, Entobel, Mutatec, HiProMine S.A., Enterra Feed Corporation, Kreca Ento-Feed BV, Entomotech S.L., Delibugs, Haocheng Mealworms Inc., Protenga, Nusect, and nextProtein.

Segmentation of Edible Insects for Animal Feed Market Research

  • 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
    • Europe
    • East Asia
    • Latin America
    • Middle East & Africa
    • South Asia & Oceania

- FAQs -

What share of the edible insects for animal feed market does the aquaculture segment occupy?

The aquaculture segment is set to hold 39.81% share of the edible insects for animal feed market in 2024.

What is the valuation of edible insects for animal feed market?

Sales of edible insects for animal feed are pegged at US$ 5.14 billion in 2024.

What is the forecasted edible insects for animal feed market value for 2034?

The global edible insects for animal feed market projected to reach US$ 40.67 billion by the end of 2034.

At what rate is the demand for edible insects for animal feed projected to increase?

Demand for edible insects for animal feed is forecasted to boom at 23% CAGR from 2024 to 2034.

How much share of the global market is North America projected to account for?

North America is forecasted to account for 25.6% share of the global market by 2034.

What is the projected value of the market in China for 2034?

The market in China is forecasted to reach US$ 6.64 billion by the end of 2034.

At what rate is the demand for edible insects for animal feed predicted to rise in Japan?

Demand for edible insects for animal feed in Japan is projected to accelerate at 24.7% CAGR from 2024 to 2034.

- Also of Interest -

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Edible Insects Market

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Organic Feed Market

Organic Feed Market Study by Pellets and Crumbles for Poultry, Ruminants, Swine, and Aquaculture from 2023 to 2033

Edible Insects for Animal Feed Market

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