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PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1326521
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1326521
Global Black Soldier Fly Market Size study & Forecast, by Product (Protein Meals, Biofertilizers, Chitin/ Chitosan, Others), by Application (Animal Feed, Agriculture, Pet Food, Pharmaceutical, Cosmetic, Biofuel) and Regional Analysis, 2023-2030
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Global Black Soldier Fly Market is valued approximately at USD 6.17 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 34.7% over the forecast period 2023-2030. The Black Soldier Fly is a species of fly belonging to the family Stratiomyidae. The larvae of the Black Soldier Fly are voracious decomposers, consuming a wide range of organic waste materials, including food scraps, manure, and agricultural residues. This fly species is highly efficient in converting organic waste into valuable biomass and nutrients. The Black Soldier Fly market is experiencing rapid growth due to factors such as expanding aquaculture industry, rising demand for alternative proteins in animal feed, higher prices of soymeal, government support for insect meal use and increased investment by industry leaders.
The Black Soldier Fly market is propelled by the pet food industry, which seeks sustainable and nutritious ingredients to meet the rising demand for high-quality pet food. The recognition of the benefits of incorporating insect-based ingredients further drives the growth and expansion of the Black Soldier Fly Market. According to Statista, in 2019 the pet food market was valued USD 94.06 billion; in 2022 the market reached USD 135.50 billion and it is anticipated to reach USD 174.80 billion by 2025. As a result, the growing pet food market is anticipated to create the lucrative demand for the market. Additionally, government support for approving insect meal in feed and the adoption of an alternative source of protein create significant opportunities for the Black Soldier Fly market. However, decline in fish consumption, poultry, pork, and beef is stifling the market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Black Soldier Fly Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 with largest market share owing to factors such as the availability of abundant waste, including pre-consumer food waste from agriculture and the food and beverage sectors, along with government approvals for the use of Black Soldier Fly products in animal feed. North America is expected to grow significantly during the forecast period, owing to growing aquaculture industry, increased awareness of alternative protein sources for animal feed, and rising fish meal prices in the region.
Major market player included in this report are:
- Bio line AgroSciences Ltd.
- Fargro ltd
- Ander Matt Biocontrol AG
- ARBICO Organics,
- BioBee Sde Eliyahu
- Biological Services.
- Dud Utech
- Tip Top Bio-Control
- Beneficial Insectary, Inc.
- Koppert Biological Systems,
Recent Developments in the Market:
- In January 2023, Tuggs, a pet food startup, launches its debut product, featuring fresh insect-based dog food. The brand utilizes ingredients like black soldier fly larvae in their pet food pouches and offers a subscription service that provides proportioned meals tailored to a dog's weight, age, and diet. Dog owners can conveniently submit these details through Tuggs' website.
- In June 2022, Cargill and Innova feed have announced an extension of their partnership for developing and marketing insect meal. The collaboration, now spanning 10 years, brings together Innova feed's expertise in precision insect ingredients formulation and Cargill's global animal nutrition capabilities. The aim is to expand the utilization of insect ingredients across various types of animal feed on a larger scale.
Global Black Soldier Fly Market Report Scope:
- Historical Data: 2020 - 2021
- Base Year for Estimation: 2022
- Forecast period: 2023-2030
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Product, Application, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
- Protein Meals
- Biofertilizers
- Chitin/ Chitosan
- Others
By Application:
- Animal Feed
- Agriculture
- Pet Food
- Pharmaceutical
- Cosmetic
- Biofuel
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Black Soldier Fly Market, by region, 2020-2030 (USD Billion)
- 1.2.2. Black Soldier Fly Market, by Product, 2020-2030 (USD Billion)
- 1.2.3. Black Soldier Fly Market, by Application, 2020-2030 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Black Soldier Fly Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Black Soldier Fly Market Dynamics
- 3.1. Black Soldier Fly Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Growing aquaculture industry
- 3.1.1.2. Increasing demand from the animal feed industry
- 3.1.2. Market Challenges
- 3.1.2.1. Lack of specific regulations and guidelines
- 3.1.2.2. Limited acceptance & approvals for BSFL application in human diet
- 3.1.3. Market Opportunities
- 3.1.3.1. Government support for approving insect meal in feed
- 3.1.3.2. Adoption of an alternative source of protein
- 3.1.1. Market Drivers
Chapter 4. Global Black Soldier Fly Market: Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economic
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Black Soldier Fly Market, by Product
- 5.1. Market Snapshot
- 5.2. Global Black Soldier Fly Market by Product, Performance - Potential Analysis
- 5.3. Global Black Soldier Fly Market Estimates & Forecasts by Product 2020-2030 (USD Billion)
- 5.4. Black Soldier Fly Market, Sub Segment Analysis
- 5.4.1. Protein Meals
- 5.4.2. Biofertilizers
- 5.4.3. Chitin/ Chitosan
- 5.4.4. Others
Chapter 6. Global Black Soldier Fly Market, by Application
- 6.1. Market Snapshot
- 6.2. Global Black Soldier Fly Market by Application, Performance - Potential Analysis
- 6.3. Global Black Soldier Fly Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
- 6.4. Black Soldier Fly Market, Sub Segment Analysis
- 6.4.1. Animal Feed
- 6.4.2. Agriculture
- 6.4.3. Pet Food
- 6.4.4. Pharmaceutical
- 6.4.5. Cosmetic
- 6.4.6. Biofuel
Chapter 7. Global Black Soldier Fly Market, Regional Analysis
- 7.1. Top Leading Countries
- 7.2. Top Emerging Countries
- 7.3. Black Soldier Fly Market, Regional Market Snapshot
- 7.4. North America Black Soldier Fly Market
- 7.4.1. U.S. Black Soldier Fly Market
- 7.4.1.1. Product breakdown estimates & forecasts, 2020-2030
- 7.4.1.2. Application breakdown estimates & forecasts, 2020-2030
- 7.4.2. Canada Black Soldier Fly Market
- 7.4.1. U.S. Black Soldier Fly Market
- 7.5. Europe Black Soldier Fly Market Snapshot
- 7.5.1. U.K. Black Soldier Fly Market
- 7.5.2. Germany Black Soldier Fly Market
- 7.5.3. France Black Soldier Fly Market
- 7.5.4. Spain Black Soldier Fly Market
- 7.5.5. Italy Black Soldier Fly Market
- 7.5.6. Rest of Europe Black Soldier Fly Market
- 7.6. Asia-Pacific Black Soldier Fly Market Snapshot
- 7.6.1. China Black Soldier Fly Market
- 7.6.2. India Black Soldier Fly Market
- 7.6.3. Japan Black Soldier Fly Market
- 7.6.4. Australia Black Soldier Fly Market
- 7.6.5. South Korea Black Soldier Fly Market
- 7.6.6. Rest of Asia Pacific Black Soldier Fly Market
- 7.7. Latin America Black Soldier Fly Market Snapshot
- 7.7.1. Brazil Black Soldier Fly Market
- 7.7.2. Mexico Black Soldier Fly Market
- 7.8. Middle East & Africa Black Soldier Fly Market
- 7.8.1. Saudi Arabia Black Soldier Fly Market
- 7.8.2. South Africa Black Soldier Fly Market
- 7.8.3. Rest of Middle East & Africa Black Soldier Fly Market
Chapter 8. Competitive Intelligence
- 8.1. Key Company SWOT Analysis
- 8.1.1. Company 1
- 8.1.2. Company 2
- 8.1.3. Company 3
- 8.2. Top Market Strategies
- 8.3. Company Profiles
- 8.3.1. Bio line AgroSciences Ltd.
- 8.3.1.1. Key Information
- 8.3.1.2. Overview
- 8.3.1.3. Financial (Subject to Data Availability)
- 8.3.1.4. Product Summary
- 8.3.1.5. Recent Developments
- 8.3.2. Fargro ltd
- 8.3.3. Ander Matt Biocontrol AG
- 8.3.4. ARBICO Organics,
- 8.3.5. BioBee Sde Eliyahu
- 8.3.6. Biological Services.
- 8.3.7. Dud Utech
- 8.3.8. Tip Top Bio-Control
- 8.3.9. Beneficial Insectary, Inc.
- 8.3.10. Koppert Biological Systems,
- 8.3.1. Bio line AgroSciences Ltd.
Chapter 9. Research Process
- 9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
- 9.2. Research Attributes
- 9.3. Research Assumption
LIST OF TABLES
- TABLE 1. Global Black Soldier Fly Market, report scope
- TABLE 2. Global Black Soldier Fly Market estimates & forecasts by Region 2020-2030 (USD Billion)
- TABLE 3. Global Black Soldier Fly Market estimates & forecasts by Product 2020-2030 (USD Billion)
- TABLE 4. Global Black Soldier Fly Market estimates & forecasts by Application 2020-2030 (USD Billion)
- TABLE 5. Global Black Soldier Fly Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 6. Global Black Soldier Fly Market by region, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 7. Global Black Soldier Fly Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 8. Global Black Soldier Fly Market by region, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 9. Global Black Soldier Fly Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 10. Global Black Soldier Fly Market by region, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 11. Global Black Soldier Fly Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 12. Global Black Soldier Fly Market by region, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 13. Global Black Soldier Fly Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 14. Global Black Soldier Fly Market by region, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 15. U.S. Black Soldier Fly Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 16. U.S. Black Soldier Fly Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 17. U.S. Black Soldier Fly Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 18. Canada Black Soldier Fly Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 19. Canada Black Soldier Fly Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 20. Canada Black Soldier Fly Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 21. UK Black Soldier Fly Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 22. UK Black Soldier Fly Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 23. UK Black Soldier Fly Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 24. Germany Black Soldier Fly Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 25. Germany Black Soldier Fly Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 26. Germany Black Soldier Fly Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 27. France Black Soldier Fly Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 28. France Black Soldier Fly Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 29. France Black Soldier Fly Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 30. Italy Black Soldier Fly Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 31. Italy Black Soldier Fly Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 32. Italy Black Soldier Fly Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 33. Spain Black Soldier Fly Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 34. Spain Black Soldier Fly Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 35. Spain Black Soldier Fly Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 36. RoE Black Soldier Fly Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 37. RoE Black Soldier Fly Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 38. RoE Black Soldier Fly Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 39. China Black Soldier Fly Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 40. China Black Soldier Fly Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 41. China Black Soldier Fly Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 42. India Black Soldier Fly Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 43. India Black Soldier Fly Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 44. India Black Soldier Fly Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 45. Japan Black Soldier Fly Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 46. Japan Black Soldier Fly Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 47. Japan Black Soldier Fly Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 48. South Korea Black Soldier Fly Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 49. South Korea Black Soldier Fly Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 50. South Korea Black Soldier Fly Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 51. Australia Black Soldier Fly Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 52. Australia Black Soldier Fly Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 53. Australia Black Soldier Fly Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 54. RoAPAC Black Soldier Fly Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 55. RoAPAC Black Soldier Fly Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 56. RoAPAC Black Soldier Fly Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 57. Brazil Black Soldier Fly Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 58. Brazil Black Soldier Fly Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 59. Brazil Black Soldier Fly Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 60. Mexico Black Soldier Fly Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 61. Mexico Black Soldier Fly Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 62. Mexico Black Soldier Fly Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 63. RoLA Black Soldier Fly Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 64. RoLA Black Soldier Fly Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 65. RoLA Black Soldier Fly Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 66. Saudi Arabia Black Soldier Fly Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 67. South Africa Black Soldier Fly Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 68. RoMEA Black Soldier Fly Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 69. List of secondary sources, used in the study of global Black Soldier Fly Market
- TABLE 70. List of primary sources, used in the study of global Black Soldier Fly Market
- TABLE 71. Years considered for the study
- TABLE 72. Exchange rates considered
List of tables and figures are dummy in nature, final lists may vary in the final deliverable
LIST OF FIGURES
- FIG 1. Global Black Soldier Fly Market, research methodology
- FIG 2. Global Black Soldier Fly Market, Market estimation techniques
- FIG 3. Global Market size estimates & forecast methods
- FIG 4. Global Black Soldier Fly Market, key trends 2022
- FIG 5. Global Black Soldier Fly Market, growth prospects 2023-2030
- FIG 6. Global Black Soldier Fly Market, porters 5 force model
- FIG 7. Global Black Soldier Fly Market, pest analysis
- FIG 8. Global Black Soldier Fly Market, value chain analysis
- FIG 9. Global Black Soldier Fly Market by segment, 2020 & 2030 (USD Billion)
- FIG 10. Global Black Soldier Fly Market by segment, 2020 & 2030 (USD Billion)
- FIG 11. Global Black Soldier Fly Market by segment, 2020 & 2030 (USD Billion)
- FIG 12. Global Black Soldier Fly Market by segment, 2020 & 2030 (USD Billion)
- FIG 13. Global Black Soldier Fly Market by segment, 2020 & 2030 (USD Billion)
- FIG 14. Global Black Soldier Fly Market, regional snapshot 2020 & 2030
- FIG 15. North America Black Soldier Fly Market 2020 & 2030 (USD Billion)
- FIG 16. Europe Black Soldier Fly Market 2020 & 2030 (USD Billion)
- FIG 17. Asia pacific Black Soldier Fly Market 2020 & 2030 (USD Billion)
- FIG 18. Latin America Black Soldier Fly Market 2020 & 2030 (USD Billion)
- FIG 19. Middle East & Africa Black Soldier Fly Market 2020 & 2030 (USD Billion)
List of tables and figures are dummy in nature, final lists may vary in the final deliverable
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