About Edible Insects for Animal Feed
Edible insects have excessive protein content, and their manufacturing has a small footprint. Insect species that are mass-reared, such as the black soldier fly, have drawn enormous interest due to their potential to feed on extraordinary substrates, consisting of natural waste streams. The capacity of the black soldier fly to convert natural waste into notable vitamins has hastily spurred the improvement of black soldier fly-based products, such as protein meal, which is more cost-effective than fishmeal or soybean meal and can be used as a choice supply of protein in pig, poultry, and fish feeds.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Edible Insects for Animal Feed market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Ynsect (SAS) (France), Enterra Feed Corporation (Canada), EnviroFlight, LLC (United States), Nutrition Technologies Group (Singapore), Hargol FoodTech (Israel), All Things Bugs LLC (United States), Beta Hatch (United States), Armstrong Crickets Georgia (United States), JR Unique Foods (Thailand) and BioflyTech (Spain) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Hexafly (Ireland), HiProMine S.A. (Poland) and Protenga Pte. Ltd. (Singapore).
Segmentation Overview
AMA Research has segmented the market of Global Edible Insects for Animal Feed market by Type (Whole Insects, Insect Powder, Insect Meal and Insect Oil) and Region.
On the basis of geography, the market of Edible Insects for Animal Feed has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Insects, the sub-segment i.e. Crickets will boost the Edible Insects for Animal Feed market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use, the sub-segment i.e. Human Consumption will boost the Edible Insects for Animal Feed market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Insect-Based Feed Manufacturers Are Improving the Commercialization of Insect-Based Protein
Market Growth Drivers:
High Nutritional Value of Insects and Rising Demand for Insect Protein in the Animal Feed Industry
Challenges:
Achieving Environmentally Sustainable Food Security
Restraints:
Lack of Awareness among the Consumers and Risk of Allergies Due to Insect Consumption
Opportunities:
Micronutrient Levels Vary Greatly Across Insect Species, Some Species Do Have Consistently Higher Levels of Certain Micronutrients
Market Leaders and their expansionary development strategies
On October 17, 2023, Tyson Foods partnered with Protix. This landmark announcement saw Tyson Foods, a major food company, invest in Protix, a leading insect ingredient producer. The partnership includes a minority stake acquisition and a joint venture for constructing an insect ingredient facility in the US. This signifies mainstream players entering the edible insect feed market.
In August 2023, Ÿnsect and ADM partnered to develop and market insect-based protein ingredients for animal feed in North America. This collaboration combines Ÿnsect's insect farming expertise with ADM's extensive distribution network and market reach.
According to the Green Deal of EU, a set of EU regulatory and coverage tips to relate each boosting the inexperienced economic system and environment-friendly practices has been set up. The deal consists of a criminal goal to expand natural animal feed manufacturing through 25% in the EU by way of the stop of 2030.
Key Target Audience
Edible Insects for Animal Feed Provider, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.