Global Insect Feed Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Insect Type;

Fly Larvae, Silkworms, Cicadas, and Other Insects.

By Application;

Aquaculture, Pig Nutrition, Poultry Nutrition, Diary Nutrition, and Other Applications.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn676102925 Published Date: February, 2024 Updated Date: March, 2024

Introduction

Global Insect Feed Market (USD Million), 2020 - 2030

In the year 2023, the Global Insect Feed Market was valued at USD 850.40 million. The size of this market is expected to increase to USD 2,733.14 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 18.2%.

The global demand for Insect Feed is witnessing a remarkable surge owing to the escalating requirement for nutrient-rich feed and high-quality protein sources. Insect feed stands out as a concentrated protein characteristic compared to vegetarian alternatives, fueling its accelerated growth trajectory in the market. This trend is further bolstered by the expanding utilization of insect feed in poultry farms and the aquaculture sector, driven by its efficacy in meeting the nutritional needs of livestock and aquatic species.

The adoption of insect feed in various end-use sectors, particularly in poultry and duck farming, plays a pivotal role in propelling market expansion. By providing essential minerals and protein, insect feed ensures optimal growth and health outcomes for these livestock. The burgeoning popularity of alternative protein sources such as fishmeal, bug food, and soy meal in animal husbandry augments the demand for insect feed, contributing to the market's robust growth trajectory. The increasing utilization of insect feed in zoological parks and other commercial animal care facilities presents lucrative opportunities for market players to diversify their revenue streams and broaden their market presence.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Insect Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Insect Feed Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising Demand for Animal-Based Food Products
        2. Health Benefits and Immune System Support
        3. Emergence of Aquafeed Substitutes
        4. Increasing Availability of Year-Round Alternatives
        5. Stringent Regulatory Environment
      2. Restraints
        1. Limited Awareness
        2. Cultural Resistance
        3. High Production Costs
      3. Opportunities
        1. Expansion in Aquaculture Industry
        2. Product Diversification
        3. Strategic Partnerships and Collaborations
        4. Investment in Research and Development
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Insect Feed Market, By Insect Type, 2022 - 2032 (USD Million)
      1. Fly Larvae
      2. Silkworms
      3. Cicadas
      4. Other Insects
    2. Global Insect Feed Market, By Application , 2022 - 2032 (USD Million)
      1. Aquaculture
      2. Pig Nutrition
      3. Poultry Nutrition
      4. Diary Nutrition
      5. Other Applications
    3. Global Insect Feed Market, By Geography, 2022 - 2032 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Nextprotein
      2. Buhler AG
      3. Hexafly
      4. Entofood
      5. Diptera Nutrition
      6. Enviroflight
      7. Coppens
      8. Agriprotein
  7. Analyst Views
  8. Future Outlook of the Market

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