About Earthworm Powder
Earthworm Powder as the name suggests is produced using earthworms which are dried, cleaned and mixed with organic acids to produce earthworm powder. The earthworm powder is further used in production of functional foods such as insect protein based meals, or dietary supplements and even pharmaceuticals. The earthworm powder is said to possess several properties such as it helps in weight add on, has high protein and amino acid contents. Other than that, the powder is also mixed with animal feed as domesticated animals especially poultry animals are much prone to consume feed comprised of earth worm powder. The market of earthworm powder is expected to grow steadily with increasing demand for high protein content meal at affordable costs, although because of insects and worms still being considered as taboo, the growth prospect is limited in the short term. Asia Pacific accounts for significant portion of the market.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Growing demand for high protein supplements has led to growth of the earthworm powder demand. Other driver has been the growth of the worm based drugs. The market of earthworm powder is expected to grow steadily as the product is yet less known and the taboo around worm consumption remains. Asia Pacific is expected to be a prominent market of earth worm powder. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Taj Agro International (India), Kiryu Co., Ltd. (Japan), Allworms Bio-Tech Co., Ltd. (China), XABC Biotech Co., Ltd. (China), Viet Delta Industrial Company (Vietnam), Anphu Earthworm Co., Ltd. (Vietnam), Ÿnsect (France) and Nature's Healing Remedies, Inc. (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Earthworm Powder market by Type (30% Protein, 60% Protein and Others), Application (Functional Foods, Pharmaceuticals, Dietary Supplements, Animal Feed and Others) and Region.
On the basis of geography, the market of Earthworm Powder 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 Distribution Channel, the sub-segment i.e. Direct will boost the Earthworm Powder market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Packaging Type, the sub-segment i.e. Packets will boost the Earthworm Powder market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Pharmaceuticals Account for Larger Market Share
Market Growth Drivers:
Growing Demand for High Protein Supplements and Enhanced Research in Nature based Drugs
Challenges:
Less Awareness about the Benefits of the Product
Restraints:
Insects are looked as Subject of Taboo by the Consumers
Opportunities:
Functional Foods and Insect based Food as well as Dietary Supplements Present Huge Opportunity for Growth
Market Leaders and their expansionary development strategies
In 2021, Ÿnsect, a France based leader in insect based protein has announced acquisition of Protifarm, which has established itself as global leader in mealworm ingredients used in human meals. The two companies will complement each other’s product portfolio and look to expand their markets as well as capabilities combining their expertise and synergy.
Key Target Audience
Earthworm Powder Manufacturers, Suppliers and Distributors, Raw Material Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industries
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.