About Fly Larvae
The larvae of flies are called maggots. It is useful in particular to the Brachycera flies, like houseflies, black soldier flies, and blowflies. Fly larvae market is mainly driven by the growing demand for meat and the aquaculture industry. Also rising demands from the animal feed industry for substitute proteins. The growing support of the government for the use of insect meals for livestock feed, and hence there is growth in investments by the key players in the fly larvae industry. Based on the applications of animal feed the fly larvae market is expected to cover a large part of the share of the overall market in upcoming years.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new modifications in the existing products and collaborations as per their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a large competitive advantage through the combined synergies. Analyst at AMA Research estimates that European Manufacturers will contribute the maximum growth to Global Fly Larvae market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Intrexon Corp (United States), Hexafly (Ireland), AgriProtein (United Kingdom), Entofood (Malasia), Entomo Farms (Canada), HiProMine (United Kingdom), Innova Feed(France), MealFood Europe (United Kingdom) and Proti-Farm (Netherland) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Enterra Feed (Canada), EnviroFlight, LLC. (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Fly Larvae market by Type (Houseflies, Black Soldier Fly, Blow Flies, Botfly and Others), Application (Fishing, Forensic Science, Medical Treatment, Organic Waste and Others) and Region.
On the basis of geography, the market of Fly Larvae 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 Industry Vertical, the sub-segment i.e. Pharmaceutical will boost the Fly Larvae market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Demand for Alternative Protein Meals from Animal Feed Manufacturers, Increase in Sustainable Supplies of Safe and Healthy Feed in the Global Feed Industry and Rise in the Supply of Organic Waste
Market Growth Drivers:
Increasing Global Meat Demand, Growing Aquaculture Industry and Increase in Governmental Support and Approval for the Use of Protein Meal as a Feed Ingredient
Challenges:
Growing Threat of Fly Larvae towards Household Pets and Livestock and High Growth Rate of Fly Larvae Can Cause Myiasis
Restraints:
Regulations lay down by the Government for Feed Industry
Opportunities:
Rising Prices of Genetically Modified Protein Sources Such As Soybean and Maize and Increase in the Use of Insect Protein as a New Form of Aquaculture Feed
In November 2023, Insectum has announced the launch of a cost-effective and transportable black soldier fly facility that offers a 75 percent reduction in capex for its operators.
Key Target Audience
Manufacturers of Fly Larvae, Suppliers of Fly Larvae, Feed Industry and Regulatory Bodies
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.