Nutritional Richness and Immune-boosting Properties of Edible Insects for Animal Feed Key Market Driving Factor
Rockville , Dec. 05, 2023 (GLOBE NEWSWIRE) -- A new research report by Fact.MR, a market research and competitive intelligence provider, reveals that the global Edible Insects for Animal Feed Market is estimated at US$ 5.14 billion in 2024. Worldwide demand for edible insects for animal feed is forecasted to accelerate at 23% CAGR from 2024 to 2034.
Rising awareness about the benefits of adoption of edible insects for animal feed is predicted to generate revenue streams for players. This insect meal is a rich source of nutritional protein, which is predicted to make it an ideal alternative to traditional sources of protein used in animal nutrition.
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Edible insects for animal feed also contain amino acids, which are easily digestible for animals. Several insects also contain antimicrobial peptides, lauric acid, and chitin, which have rich immune-boosting properties. Prominent manufacturers of edible insects for animal feed are focusing on producing highly nutritive and low-cost nutritive feed ingredients across geographies. They are also focusing on offering customized edible insects to target end users.
Low prices of edible insects for animal feed compared to traditional feed options are projected to widen their application scope, thereby generating lucrative market growth opportunities.
Key Segments of Edible Insects for Animal Feed Industry Research Report
By Product Type
By Insect Type
Key Takeaway from Market Study
The global edible insects for animal feed market is pegged at US$ 5.14 billion in 2024.
Worldwide demand for edible insects for animal feed is predicted to increase at 23% CAGR from 2024 to 2034.
The market is set to reach a valuation of US$ 40.67 billion by 2034-end.
North America is forecasted to hold 25.6% share of global market revenue by 2034.
Demand for edible insects for animal feed in Japan is projected to accelerate at a CAGR of 24.7% from 2024 to 2034.
The aquaculture segment is estimated to account for 39.81% share of the global market in 2024.
Sales of edible insects for animal feed in Japan are predicted to reach US$ 6.64 billion by the end of 2034.
“Low environmental impact and high nutritional value of edible insects for animal feed are key factors fueling their demand worldwide,” says a Fact.MR analyst.
High Demand for Mealworms Due to Their Rich Nutritional Profile
Based on insect type, worldwide demand for mealworms is predicted to increase owing to their higher nutritional profile along with lower chances of zoonotic diseases. In addition, the extensive adoption of mealworms as a sustainable alternative compared to traditional sources is a key market driver.
Manufacturers are embracing cutting-edge methodologies to cultivate and breed insects, aiming to enhance productivity and elevate product quality. Simultaneously, investments in research and development are driving the creation of versatile and competitive insect processing methods. Companies are prioritizing factors such as product quality, efficient supply chain management, continuous innovation, and strategic collaborations.
Ynsect, in November 2021, unveiled its inaugural product in the United States market. Collaborating with Pure Simple True LLC, the company introduced a sustainable and high-quality protein, positioning it as an essential ingredient in premium dog food.
Agriprotein Holdings, in November 2020, announced a joint venture with PreZero, an entity specializing in environmental services and recycling solutions. This collaboration aims to develop closed-loop solutions for waste management while fostering strategic partnerships in the process.
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Value Projection (2034)
USD 40.67 Billion
Growth Rate (2024-2034)
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Leading Market Players
Key suppliers of edible insects for animal feed are Protenga, AgriProtein Holdings Ltd., Protix, Ynsect SAS, InnovaFeed, Entomo Farms, EnviroFlight, LLC, Beta Hatch, Nutrition Technologies Group, Entobel, Mutatec, HiProMine S.A., Enterra Feed Corporation, Kreca Ento-Feed BV, Entomotech S.L., Delibugs, Haocheng Mealworms Inc., Nusect, Hexafly Biotech, and nextProtein.
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the edible insects for animal feed market, presenting historical demand data for 2018 to 2023 and forecast statistics for 2024 to 2034.
The study divulges essential insights into the market based on product type (meal (powder), oil, whole), insect type (black soldier fly, orthoptera, housefly, silkworm, mealworm), and application (livestock [poultry & swine], pet food, aquaculture), across six major regions of the world (North America, Europe, East Asia, Latin America, South Asia & Oceania, and MEA).
Checkout More Related Studies Published by Fact.MR Research:
Edible Insects Market: The global edible insects market has reached a valuation of US$ 1.5 billion in 2022 and is predicted to surge ahead at a CAGR of 18.5% to end up at US$ 8 billion by the end of 2032.
Edible Fiber Market: The global edible fiber market is estimated at USD 50.6 Billion in 2022 and is forecast to surpass USD 119.2 Billion by 2032, growing at a CAGR of 8.9% from 2022 to 2032.
Edible Flakes Market: The global edible flakes market size is estimated at US$ 6.1 billion in 2023 and projected to reach US$ 12 billion by 2033, expanding at a high-value CAGR of 7% during the forecast period (2023 to 2033).
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