Insect Feed Market

GMI Research analysis indicates that the Insect Feed Market is slated to register a double digit CAGR of 10.5% over the forecast period, till 2029.

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Market Dynamic

Key Drivers and Emerging Trends

The growing importance of alternative feeding is one of the major factors that is contributing to the growth of the global insect feed market over the coming years. The edible insects have various ample number of nutritional benefits and deliver higher protein level per weight in a better way. As per the Food and Agriculture Organization (FAO) of the United Nations, the total world’s population is predicted to reach approximately 9 billion by 2050. This will directly increase the demand for food from animal origin, thus surging the demand for protein to feed livestock. Moreover, the insect feed is an addition to the conventional feed, as insects are reared on waste streams and help in bringing livelihood incomes.

The rising population, changing diet patterns, and the strong demand for food products (particularly meat, fish, and eggs) have boosted the requirement for additional suppliers of protein from different sources, including animal feed. As per a study conducted by the Food and Agriculture Organization (FAO) of the United Nation, the total livestock production amounts for 70 percent of the total agricultural land that is in use. The insects are cold-blooded and very efficient at converting the feed into protein. For example, crickets require 12 times less feed than cattle, half as compared to pigs, and four times less than sheep. The increasing awareness related to the various health benefits of insect feed is further opening new doors for market growth. Furthermore, the insect feed has less protein and more fat, which makes them suitable for human consumption.

Restraint in the Insect Feed Market

On the other edge, the stringent rules and regulations related to the launch of new insect feed is one of the biggest factors that is expected to hamper the market growth. For example, the European approach to use insects as feed is greatly affected by the introduction of Bovine Spongiform Encephalopathy (BSE), which has a serious threat to consumer health.

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Application – Segment Analysis

Based on the application, the poultry segment is predicted to dominate the market over the forecast period. The poultry sector is expanding at a significant rate, particularly in emerging countries. Crickets, cockroaches, stink bugs, scale insects, flies, and ants, act as a complementary food source in the industry. On the other hand, the aquaculture segment is expected to grow at a higher CAGR during the forecast period. Livestock and fish act as an important source of protein for people in various countries. The strong demand for farmed fish at the global level is one of the biggest factor that is responsible for the segment growth.

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Regional – Segment Analysis:

Based on the region, North America region is expected to dominate the global insect feed market over the coming years. The continuous expansion of the Hawaii insects producing companies within the region is a key driver that is driving the growth of the region. Moreover, the rising production of Hawaii insects, followed by the increasing utilization of Hawaii insects for the production of insect feed, are some other factors that are supporting the market growth. For example, in 2016, the usage of HI Larvae in Canada was authorized for chicken feed and it was extended to aquaculture in 2017 and to poultry in 2018.

Top Market Players

Various notable players operating in the market, include Alltech Coppens, AgriBriefing Ltd., nextProtien, Enviroflight, Protix, InnovaFeed, Tiny Farms, Insect Technology Group Holding UK Ltd., and Enterra Corporation, among others.   

Key Developments:

• • In 2018, Protix launched its first insect fed salmon, branded as a friendly salmon. The new feed for salmon is derived from Portix’s Black Fly larvae meal, Proteinx.

Segments covered in the Report:

The global Insect Feed market has been segmented on the basis of Source, Application, and key regions. Based on Source, the market is segmented into Meal Worms, Fly Larvae and Others. Based on Application, the market is segmented into Aquaculture, Poultry, Pig and Others. 

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Key questions answered in this research report:

• • At what pace is global Insect Feed market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Insect Feed market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Insect Feed market?
  • Which Source generated maximum revenues in 2021 and identify the most promising Source during the forecast period?
  • What are the various Application areas of global Insect Feed market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Insect Feed Market by Source

• • Meal Worms
  • Fly Larvae
  • Others

Global Insect Feed Market by Application

• • Aquaculture
  • Poultry
  • Pig
  • Others

Global Insect Feed Market by Region

• • North America Insect Feed Market (Option 1: As a part of the free 25% customization)
    • By Source
    • By Application
    • US Market All-Up
    • Canada Market All-Up
  • Europe Insect Feed Market (Option 2: As a part of the free 25% customization)
    • By Source
    • By Application
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Insect Feed Market (Option 3: As a part of the free 25% customization)
    • By Source
    • By Application
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Insect Feed Market (Option 4: As a part of the free 25% customization)
    • By Source
    • By Application
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Insect Feed (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Alltech Coppens
  • AgriBriefing Ltd.
  • nextProtien
  • Enviroflight
  • Protix
  • InnovaFeed
  • Tiny Farms
  • Insect Technology Group Holding UK Ltd.
  • Enterra Corporation