Global Insect Feed Market is Likely to Grow at a CAGR Value of 11.20% by 2028

The global insect feed market size was worth around USD 924.50 million in 2021 and is estimated to grow to about USD 1747.97 million by 2028, with a compound annual growth rate (CAGR) of approximately 11.20% over the forecast period. The report analyzes the insect feed market drivers, restraints/challenges, and their effect on the demands during the projection period. In addition, the report explores emerging opportunities in the insect feed market.

Insect feeds are meals that have been enhanced with a lot of protein and are made from various additives and raw ingredients. These mixtures are created specifically for use as aquafeed, considering the needs of the target animal. Feed compounders produce them as meal varieties, pellets, or crumbles. As a sustainable source of protein for cattle, pets, and people, insect feed is gaining popularity. Insect feed comes in various forms, making it a useful product with various uses. Traditional feed sources can be replaced entirely or supplemented with insect feed. Additionally, eating insects as a food source is becoming increasingly popular.

The global insect feed market has been inactive for far too long. But now that a fresh batch of insect feed items is out, buyers are paying attention. There is a lot of innovation in the market for edible insects used as animal feed. Demand for food rises as the population grows. Production of meat has expanded to meet the rising global need for food. To increase the quality of the meat produced by animals, they must be given proper feed. The market for edible insects for animal feed has been introduced by the feed industry. High levels of protein found in insects are crucial for improving animal growth. To meet the growing need for protein, farmers are seeking alternate supplies. All these aspects are anticipated to drive the global market during the projection period.

The global insect feed market is segregated based on product type, application, and region. The market is separated into mealworms, fly larvae, silkworms, cicadas, and other organisms based on type. As they include a sizable amount of copper, potassium, iron, zinc, selenium, and vitamin, mealworms are anticipated to hold a sizable part of the worldwide insect feed industry. For instance, except for vitamin B12, mealworms typically contain more vitamins than beef. Additionally, it is projected that the abundance of fly larvae would boost their use in the creation of insect food. The market is split into aquaculture, pig, poultry, dairy, and other segments based on product. The market for insect feed is predicted to be significantly dominated by aquaculture. In the previous few decades, there has been significant growth in both fish output and consumption. As a result, the aquaculture industry has prospered. Currently, it provides about half of the world's fish, which is expected to increase the demand for insect feed from the aquaculture business.

The Asia-Pacific region has long dominated the global insect feed market. Still, during the anticipated time, Europe is predicted to surpass Asia-Pacific due to the region's expanding need for protein-rich animal feed, bolstered by government licensing of black soldier fly cultivation. The market share of alternative protein sources, such as insects, has increased by 38% in recent years because of the rising demand for diets high in protein. The popularity of the bug feed for cattle has increased as a result. Since insect meal is a significant source of income in rural areas, the decline in the rural market increases the income shares of the remaining rural population, driving up the market for insect feed across the country.

Key players functioning in the global insect feed market include Nextprotein, Buhler AG, Hexafly, Entofood, Diptera Nutrition, Enviroflight, Coppens, Agriprotein, and others.

Recent developments:

• Protix BV – The company claimed to increase its capacity for producing insect protein in the Netherlands when it announced in March 2021 that Rabo Corporate was funding it as a stakeholder.
• Insectta pte Ltd.: In May 2021, the business declared that Trendlines Group Ltd. had provided money. This will assist the business in developing its method for removing biological components from insects.
• Beta Hatch: In May 2021, the business said that Cavallo Ventures and Brighton Jones had invested $4 million. The business intends to start producing mealworms in large quantities by opening a manufacturing plant in North America.

Browse the full “Insect Feed Market By Product Type (Meal Worms, Fly Larvae, Silkworms, Cicadas, and Other), By Application (Aquaculture, Pig Nutrition, Poultry Nutrition, Dairy Nutrition and Others), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028.” Report at https://www.zionmarketresearch.com/report/insect-feed-market

Insect Feed Market is segmented as follows:

By Product Type:

• Meal Worms
• Fly Larvae
• Silkworms
• Cicadas
• Other

By Application

• Aquaculture
• Pig Nutrition
• Poultry Nutrition
• Dairy nutrition
• Other

???????By Region

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

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