The latest research study “insect feed market”: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that
The global insect feed market size reached US$ US$ 780.3 Million. Looking forward, IMARC Group expects the market to reach a value of US$ 1,488.92 Million by 2027 exhibiting a CAGR of 11.20% during 2022-2027.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Industry Definition and Application:
Insect feed represents the insect species utilized for meeting the specific requirements of various animals. They are prepared in the form of pellets, meals, or crumbles and aid in reducing the dependency on traditional spread streams while bringing valuable ingredients back into the food chain from organic waste materials.
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Insect feed lowers the environmental impact of livestock production as its mass manufacturing delivers more useful protein quantities. As a result, these species find widespread applications in aquaculture and pig, poultry, and dairy nutrition across the global.
Insect Feed Market Trends and Drivers:
The escalating demand for meat products among individuals, which has expanded the utilization of high-quality spreads for achieving higher yields, is primarily driving the insect feed market.
Besides this, the elevating requirement for insects as novel meal additives to improve gut health, owing to bioactive components, such as lauric acid, antimicrobial peptides, and chitin, is further augmenting the market growth. Moreover, the rising population across countries and the changing dietary patterns of individuals are also catalyzing the global market.
Apart from this, the growing popularity of several insect species for human consumption, on account of high protein and low-fat contents, is acting as another significant growth-inducing factor.
Additionally, the inflating product need as it does not transmit zoonotic diseases, and the increased feed conversion ratio of insects compared to livestock and poultry are also stimulating the market growth.
Furthermore, the development of innovative variants that can be produced on organic waste and emit fewer greenhouse gases and ammonia than conventional livestock is anticipated to propel the insect feed market over the forecasted period.
|Insect Feed Market Report Scope|
|Market size value in 2021||US$ US$ 780.3 Million|
|Market forecast in 2027||1,488.92 Million|
|Growth Rate||CAGR of 11.20% from 2022 to 2027|
|Base year for estimation||2021|
|Report coverage||Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, and Trends|
|Segments covered||on product type and application|
|Regional scope||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Key companies profiled||Alltech Coppens, Bühler Holding AG, Enterra Corporation, Entofood Sdn Bhd., EnviroFlight LLC (Darling Ingredients Inc.), Hexafly, InnovaFeed, Multibox, nextProtein, Protix and Ÿnsect.|
|Market Dynamics||Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,|
|Customization purview||If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.|
The report has been segmented the market into following categories:
Breakup by Product Type:
- Meal Worms
- Fly Larvae
Market Breakup by Application:
- Pig Nutrition
- Poultry Nutrition
- Dairy Nutrition
- North America
- United States
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
List of Major Key Players:
The major players in the market are Alltech Coppens, Bühler Holding AG, Enterra Corporation, Entofood Sdn Bhd., EnviroFlight LLC (Darling Ingredients Inc.), Hexafly, InnovaFeed, Multibox, nextProtein, Protix and Ÿnsect.
Key highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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