Author
Manoj Kumar is a postgraduate in Life Sciences with over seven years of dedicated experience in the fields of anima.....
Vertical Insect Farming Market: By Insect Type, By Application, By Technology, By Level of Integration, By Company Size, and Geography
Vertical Insect Farming Market size was valued at US$ 6,439.2 million in 2023 and is poised to grow at a CAGR of 25.3% from 2024 to 2030. The global food system faces a monumental challenge providing enough protein to nourish a growing population while minimizing environmental impact. Traditional livestock production struggles to keep pace with population growth, while simultaneously raising concerns about environmental sustainability. Vertical insect farming, a novel and sustainable solution, is buzzing with potential. In addition, the environmental impact of traditional meat production is a major driver for vertical insect farming. Livestock contributes significantly to greenhouse gas emissions, deforestation, water pollution, and land degradation. Vertical farms require minimal land compared to traditional livestock production. Stacking insect rearing trays maximizes space utilization, allowing for protein production in urban areas or on rooftops. Also, insects require significantly less water than livestock.
Vertical farming systems can further optimize water usage through hydroponic or aeroponic techniques, minimizing water waste. Moreover, black Soldier Fly larvae have the unique ability to convert organic waste streams into valuable protein. This creates a circular bioeconomy approach, reducing waste and creating a sustainable protein source. Furthermore, consumer awareness of environmental issues is driving a shift towards sustainable food choices. This trend is fueling demand for alternative protein sources. Vertical insect farming offers several advantages such as high-quality protein, scalability, and reduced reliance on traditional meat. However, one of the biggest challenges for vertical insect farming is consumer perception. Entomophobia, the fear of insects, is a significant hurdle. Many consumers have negative associations with insects, viewing them as pests or unclean.
Study Period
2024-2030Base Year
2023CAGR
25.3%Largest Market
North AmericaFastest Growing Market
Asia Pacific
Technological advancements are playing a crucial role in driving the growth of the vertical insect farming market. Advanced automation minimizes manual labour and optimizes environmental controls, ensuring consistent and efficient insect production. In addition, selective breeding programs can enhance desired traits in insects, such as faster growth rates or higher protein content. Also, innovative methods for delivering nutrients to insects, such as aeroponics and hydroponics, maximize resource utilization and optimize growth conditions. Moreover, government initiatives play a critical role in fostering innovation and promoting the development of vertical insect farming. Government grants and research funding can accelerate technological advancements and promote the development of cost-effective vertical farming systems. Furthermore, clear and consistent regulations governing insect production for human consumption and animal feed are essential for building consumer confidence and industry growth. Also, government incentives, such as tax breaks or subsidies, can encourage investment and accelerate the adoption of vertical insect farming technologies.
Report Benchmarks |
Details |
Report Study Period |
2024-2030 |
Market Size in 2023 |
US$ 6,439.2 million |
Market CAGR |
25.3% |
By Inspect Type |
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By Application |
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By Technology |
|
By Level Of integration |
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By Company Size |
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By Region |
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The Asia Pacific is the fastest growing region in the Vertical Insect Farming Market.
The North American dominates the Vertical Insect Farming market.
The leading players in the Vertical Insect Farming Market are Viscon, Ynsect, Dematic, Grinsect, Innovafeed, Entopian Capital, Thai Union Group, Bio Insect Solutions, and Hydro Agro Limited.
Historic years considered for the market study are 2019 to 2022, 2023 is considered as the base year for market estimation and the forecast presented from 2024 to 2030.
1.Executive Summary |
2.Global Vertical Insect Farming Market Introduction |
2.1.Global Vertical Insect Farming Market - Taxonomy |
2.2.Global Vertical Insect Farming Market - Definitions |
2.2.1. Inspect Type |
2.2.2.Application |
2.2.3.Technology |
2.2.4.Level Of integration |
2.2.5.Region |
3.Global Vertical Insect Farming Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Product Landscape |
3.6. New Product Launches |
3.7. Impact of COVID 19 on Market |
4.Global Vertical Insect Farming Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5.Global Vertical Insect Farming Market By Inspect Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
5.1. Crickets |
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Mealworms |
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
5.3. Black Soldier Fly Larvae |
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.3.3. Market Opportunity Analysis |
5.4. Others |
5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.4.3. Market Opportunity Analysis |
6.Global Vertical Insect Farming Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
6.1. Pet Food |
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Human Food |
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
6.3. Animal Feed |
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.3.3. Market Opportunity Analysis |
7.Global Vertical Insect Farming Market By Technology, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
7.1. Aeroponics |
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Hydroponics |
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. Hybrid Systems |
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
8.Global Vertical Insect Farming Market By Level Of integration, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
8.1. Fully Integrated Farms |
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.1.3. Market Opportunity Analysis |
8.2. Decentralized Models |
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.2.3. Market Opportunity Analysis |
9.Global Vertical Insect Farming Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
9.1. North America |
9.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.1.3. Market Opportunity Analysis |
9.2. Europe |
9.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.2.3. Market Opportunity Analysis |
9.3. Asia Pacific (APAC) |
9.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.3.3. Market Opportunity Analysis |
9.4. Middle East and Africa (MEA) |
9.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.4.3. Market Opportunity Analysis |
9.5. Latin America |
9.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.5.3. Market Opportunity Analysis |
10.North America Vertical Insect Farming Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
10.1. Inspect Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.1.1.Crickets |
10.1.2.Mealworms |
10.1.3.Black Soldier Fly Larvae |
10.1.4.Others |
10.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.2.1.Pet Food |
10.2.2.Human Food |
10.2.3.Animal Feed |
10.3. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.3.1.Aeroponics |
10.3.2.Hydroponics |
10.3.3.Hybrid Systems |
10.4. Level Of integration Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.4.1.Fully Integrated Farms |
10.4.2.Decentralized Models |
10.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.5.1.United States of America (USA) |
10.5.2.Canada |
11.Europe Vertical Insect Farming Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
11.1. Inspect Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.1.1.Crickets |
11.1.2.Mealworms |
11.1.3.Black Soldier Fly Larvae |
11.1.4.Others |
11.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.2.1.Pet Food |
11.2.2.Human Food |
11.2.3.Animal Feed |
11.3. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.3.1.Aeroponics |
11.3.2.Hydroponics |
11.3.3.Hybrid Systems |
11.4. Level Of integration Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.4.1.Fully Integrated Farms |
11.4.2.Decentralized Models |
11.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.5.1.Germany |
11.5.2.France |
11.5.3.Italy |
11.5.4.United Kingdom (UK) |
11.5.5.Spain |
12.Asia Pacific (APAC) Vertical Insect Farming Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
12.1. Inspect Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.1.1.Crickets |
12.1.2.Mealworms |
12.1.3.Black Soldier Fly Larvae |
12.1.4.Others |
12.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.2.1.Pet Food |
12.2.2.Human Food |
12.2.3.Animal Feed |
12.3. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.3.1.Aeroponics |
12.3.2.Hydroponics |
12.3.3.Hybrid Systems |
12.4. Level Of integration Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.4.1.Fully Integrated Farms |
12.4.2.Decentralized Models |
12.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.5.1.China |
12.5.2.India |
12.5.3.Australia and New Zealand (ANZ) |
12.5.4.Japan |
12.5.5.Rest of APAC |
13.Middle East and Africa (MEA) Vertical Insect Farming Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
13.1. Inspect Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.1.1.Crickets |
13.1.2.Mealworms |
13.1.3.Black Soldier Fly Larvae |
13.1.4.Others |
13.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.2.1.Pet Food |
13.2.2.Human Food |
13.2.3.Animal Feed |
13.3. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.3.1.Aeroponics |
13.3.2.Hydroponics |
13.3.3.Hybrid Systems |
13.4. Level Of integration Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.4.1.Fully Integrated Farms |
13.4.2.Decentralized Models |
13.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.5.1.GCC Countries |
13.5.2.South Africa |
13.5.3.Rest of MEA |
14.Latin America Vertical Insect Farming Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
14.1. Inspect Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.1.1.Crickets |
14.1.2.Mealworms |
14.1.3.Black Soldier Fly Larvae |
14.1.4.Others |
14.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.2.1.Pet Food |
14.2.2.Human Food |
14.2.3.Animal Feed |
14.3. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.3.1.Aeroponics |
14.3.2.Hydroponics |
14.3.3.Hybrid Systems |
14.4. Level Of integration Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.4.1.Fully Integrated Farms |
14.4.2.Decentralized Models |
14.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.5.1.Brazil |
14.5.2.Mexico |
14.5.3.Rest of LA |
15. Competition Landscape |
15.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
15.2.1.Viscon |
15.2.2.Ynsect |
15.2.3.Dematic |
15.2.4.Grinsect |
15.2.5.Innovafeed |
15.2.6.Entopian Capital |
15.2.7.Thai Union Group |
15.2.8.Bio Insect Solutions |
15.2.9.Hydro Agro Limited |
16. Research Methodology |
17. Appendix and Abbreviations |
Key Market Players