Insect Feed Market is projected to reach a value of USD 1,996.4 million by 2032

The global insect feed market size is expected to reach US$ 2,204.7 Mn by the end of 2032. According to the recent study by Future Market Insights (FMI), the market will surge at 10.0% CAGR between 2022 and 2032. According to this report, insect-derived feeds and insect harvesting have significant demand for industrial uses that guarantee optimal use of the resources. This report uses unique research methods to offer the most accurate analysis of the market.

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It includes in-depth insights into the insect feed market. Some of these are:

  • The estimated value of the market was at US$ 850 Mn in 2022
  • The poultry nutrition segment in the developing economies has expanded rapidly
  • North America is a competitive market with huge growth for the key players in the insect protein market
  • Asia-Pacific remains dominant in the insect feed market as they are the largest producer in the aquaculture segment.
  • The acceptance of insect feed is predicted to boost the decline in feed costs for suppliers and farmers.

“Rise in soy and fish meal prices is encouraging feed producers to change their preferences towards insect protein to meet increasing demand for aquaculture and poultry feed. Companies operating in the market are also focusing on adopting strategies that will enable them expand their portfolio strength and regional footprint,” said a lead analyst at FMI.

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Who is Winning?

Companies operating in the global insect feed market are focusing on mergers and joint ventures with insect processing and rearing industries to gain market share. Some of the prominent vendors of the insect feed market are Nextprotein, Buhler AG, Hexafly, Entofood, Diptera Nutrition, Enviroflight, Coppens, and Agriprotein.

Emerging Insect Protein Applications To Boost Growth Prospects

In recent years, research on protein sources has increased. Novel sources of protein need to provide nutrition as well as essential amino acids while enhancing taste and maintaining cost. As insect protein industry is expanding its application is getting more acceptance. Insect based protein ingredients are generally extracted from insect muscles, fat body and layers covering the body.

Nature of these can be found in water soluble form and water insoluble form. This has boosted bug feed sales all over the world. Insect feed provides nourishment to livestock, fostering healthy growth. The insect feed business will experience strong development potential in the future, as farmers seek alternate protein sources in insects.

he Europe market Is Expected To Grow At The Fastest Rate.

Asia-Pacific region has dominated the industry, but Europe is likely to overtake Asia-Pacific during the forecasted period as there is a growing demand for protein rich animal feed in the region and it is supported by government approval on black soldier fly farming. In recent years, increasing demand for protein rich diet has supported alternative sources of protein such as insects to grow the market share by 38%.

As a result, the insect feed for cattle has grown in popularity. Because insect meal is a major source of revenue in the countryside, the downfall in the rural market raises the income shares of the remaining rural population, thus pushing the nation’s insect feed market.

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Get Valuable Insights into Insect Feed Market

Future Market Insights, in its new report, presents an unbiased analysis of the global insect feed market, covering historical demand data and forecast figures for the period between 2022 and 2032. The study divulges compelling insights into growth witnessed in the market. Based on end-use, the insect feed market can be segmented into poultry nutrition, pig nutrition, cattle and dairy nutrition, and aquaculture. Regionally, the market can be segmented into North America, Latin America, Europe, East Asia, South Asia, Oceania and MEA.

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