About Black Soldier Fly
The Black Soldier Fly belongs to the family of flies that are widely classified and identified in temperate and tropical regions. They are highly involved in decomposing wastes, especially organic matter. The larvae of the Black Soldier Fly have proven to be an efficient resource in transforming waste such as food waste, manure, and agricultural residues into valuable products, including protein-rich biomass and fat. This has attracted much attention for potential applications in sustainable waste management and alternative protein sources for animal feed and even human consumption. The life cycle of the Black Soldier Fly includes egg, larval, pupal, and adult stages, and the larvae are the most valuable as they are highly nutrient-rich. The larvae can utilize organic waste of varying origin, breaking it down quickly with a volume reduction effect. After harvesting, the larvae can be processed to produce protein meal and oils, thereby providing hope for a profitable substitute for traditional feed ingredients. In addition, its ability to convert waste into useful products while emitting minimal greenhouse gases places them as a sustainable approach to both waste management and sustainable agriculture. Black Soldier Flies are, too, quite friendly to the environment since they don't transfer any disease pathogen and could be farmed within controlled environmental setups with low space.
Attributes | Details |
---|
Study Period | 2020-2032 |
Base Year | 2024 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. 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.
Entobel B.V. (Netherlands), Darling Ingredients Inc. (USA), InnovaFeed S.A. (France), Kynsect Technologies Ltd. (United Kingdom), Protix Biosystems B.V. (Netherlands), Enterra Pty Ltd. (Canada), CP Group (Thailand), Troilus Family Farms (Canada), Green Cricket Protein Ltd. (United Kingdom), Blue Ocean Mariculture S.A. (Greece), Meal Food Europe B.V. (Netherlands), Aspire Food Group Ltd. (Canada), AgriProtein Technologies Ltd. (South Africa) and VinsBio Ltd. (Israel) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Black Soldier Fly market by Type (Live Black Soldier Flies, Black Soldier Fly Larvae, Black Soldier Fly Frass and Black Soldier Fly Oil) and Region.
On the basis of geography, the market of Black Soldier Fly 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 End-Users, the sub-segment i.e. Feed Manufacturers will boost the Black Soldier Fly market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Production Methods, the sub-segment i.e. Industrial-Scale Farming will boost the Black Soldier Fly market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Exploration of black soldier fly larvae as a human food ingredient, Development of value-added products from black soldier fly frass and Vertical farming and indoor production systems
Market Growth Drivers:
Rising concerns about food security and sustainability, Growing demand for eco-friendly protein sources and Technological advancements in insect farming
Challenges:
Limited consumer acceptance in some regions and Regulations and certification challenges
Restraints:
Competition from traditional protein sources and Production scalability issues
In November 2023, Insectum launched mobile, modular black soldier fly farms. The new 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
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations, End-Use Industries 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.