Insect Feed Market: By Product (Meal Worms, Fly Larvae and Others (Including, Silkworms, Cicadas)), By Application (Aquaculture, Pig Nutrition, Poultry Nutrition and Others (Including Cattle and Dairy Nutrition)) and Geography  

Insect Feed Market was valued at USD 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.