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Author
Manoj Kumar is a postgraduate in Life Sciences with over seven years of dedicated experience in the fields of anima.....
Insect Feed Market was valued at US$ 611.8 million in 2023 and is poised to grow at a significant CAGR of 7% over 2024-2030. Due to the increase in the number meat-consuming population and rising demand for livestock farming such as aquaculture, poultry, etc. rising demand for feeding supplies boosts the growth of the market. Insect feed consists of several essential nutrients which are required for the diet.
Additionally, edible insects are widely used in animal farming. However, the high cost of insect feed and the concerns related to the disease are the major factors that hinder the growth of the insect feed market. For example, Europe banned the utilization of insects as livestock feed after the outbreak of mad cow disease in the British Isles. After 2013, Europe permitted the use of insect feed for aquaculture under stringent restrictions. The global insect feed market is surging owing to frequent acquisitions and launches by the market players. In January 2017, Buhler partnered with Protix to develop industrial-scale solutions for larvae rearing, feedstock processing, and larvae processing for producing quality insect ingredients.
Study Period
2024-2030Base Year
2023CAGR
7%Largest Market
North AmericaFastest Growing Market
Asia Pacific
Insect feed consists of essential nutrients such as amino acids, proteins and others which are positively impact the health of both animals and end consumers. In recent years, the increasing in the fish consuming population demand in the increasing in the aquaculture or fish farming which boost the market growth. Low cost for the production and obtaining of natural nutrients are the some of the major reasons for the rising popularity of the insect feeds. Rising demand of natural feeding supplies will further boost the mark growth.
Asia Pacific accounted for larger revenue share in global insect feed market with considerable CAGR. The growth in this region can be attributed to rising in the livestock farming and this region is supported by high expenses in the production of meat, fishes, etc. In North America insect feed market is largely driven by the growing meat consuming population, increase in disposable incomes, and increasing investments on farms development in the region.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 611.8 million |
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Market CAGR |
7% |
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By Product |
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By Application |
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By Region |
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The global insect feed market size was valued at US$ 611.8 million in 2023 and is projected to grow at a CAGR of 23.8% from 2024 to 2030.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
AgriProtein,Diptera Nutrition, Enterra Feed, Entofood, Entomo Farms, Entomotech
Key Market Players
Author
Manoj Kumar is a postgraduate in Life Sciences with over seven years of dedicated experience in the fields of animal health and agriculture. His passion lies in unraveling the complexities of these domains through rigorous research and practical insights. Manoj Kumar’s journey has been marked by several key achievements: as a market analyst and competitive intelligence expert, he dissects data to provide actionable insights for global clients. Simultaneously, he champions animal healthcare, diagnosing ailments, and designing preventive care strategies. In the realm of agriculture, his focus on sustainable practices, emphasizing crop nutrition, soil health, and precision agriculture. His holistic approach and commitment to advancing science make him a respected figure in the ever-evolving landscape of life sciences.