Black Soldier Fly Market by Product, Application, Distribution

Description

List of Tables

[182 Pages Report] The Black Soldier Fly Market size was estimated at USD 232.33 million in 2023 and expected to reach USD 268.37 million in 2024, at a CAGR 16.63% to reach USD 682.10 million by 2030.

Global Black Soldier Fly Market

KEY MARKET STATISTICS
Base Year [2023]	USD 232.33 million
Estimated Year [2024]	USD 268.37 million
Forecast Year [2030]	USD 682.10 million
CAGR (%)	16.63%

The Black Soldier Fly (BSF), scientifically known as Hermetia illucens, is a species of fly in the family Stratiomyidae. It is native to the tropical regions of the Americas but has swiftly adapted to a variety of climates and can now be found globally. The adult flies are known for their black, wasp-like appearance, which includes mimicking the physical features of territorial wasp species to avoid predation, despite being harmless to humans as they do not sting or carry diseases. One of the most notable aspects of the Black Soldier Fly is its lifecycle, particularly the larval stage, which possesses an extraordinary capacity for bioconversion. These larvae can consume large amounts of organic waste, including food scraps and animal waste, and convert it into high-quality protein and fat. Increasing emphasis on food waste treatment and nutrient recycling worldwide has focused on the applications of black soldier fly. Moreover, the expansion of sustainable black soldier fly farming activities and the rise of biodiesel production from black soldier fly larvae have supported the market's growth. However, the complexity of fly farming processes, production activities, and the complex legislative landscape of black soldier flies for human and environmental use may be restraining the market growth. Nevertheless, R&D focus towards the sourcing and property enhancement of black soldier fly may offer growth prospects for the market. Moreover, the emergence of black soldier fly larvae as an alternative protein source is expected to provide opportunistic growth for the market.

Regional Insights

The American Black Soldier Fly (BSF) market is rapidly growing, driven by the demand for sustainable alternatives to traditional feedstock and waste management solutions. The United States and Canada are at the forefront of this expansion, with numerous startups and established companies advancing in BSF farming and product development. The North American region increasingly adopts BSF for animal feed, pet food, and organic waste processing due to supportive regulatory frameworks and heightened sustainability awareness. The European Union's emphasis on a circular economy and stringent waste management regulations has heightened interest in BSF farming. Recent investments and government incentives in major economies are driving the market forward. The EU holds several patents on the environmental control of BSF rearing and larval processing techniques. Investment and initiatives in the EMEA region are characterized by collaboration between private entities and government bodies aiming to integrate BSF into existing waste management and food production systems. Strict animal feed and waste management regulations also accelerate the adoption of BSF-based solutions. The Asia Pacific region presents a diverse picture of BSF industry growth. In some economies, the industry is advancing quickly, with numerous commercial BSF operations capitalizing on the high demand for protein-rich feed in the aquaculture and livestock sectors. Southeast Asian countries demonstrate a strong potential for BSF cultivation due to favorable climatic conditions and the need for efficient waste management systems to support dense populations. Moreover, numerous patent activities related to the breeding and processing of BSF larvae, substantial investment in the development of technology for large-scale BSF larva production, and the growth of the startup ecosystem are contributing to exploring the potential of BSF for waste management and as a feedstock, especially in aquaculture and poultry industries.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Black Soldier Fly Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Black Soldier Fly Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Black Soldier Fly Market, highlighting leading vendors and their innovative profiles. These include Applied Bio-nomics Ltd., ARBICO Organics, Biobest Group, BioflyTech, Bioline AgroSciences Ltd., Bionema Limited, Entobel Holding Pte. Ltd., Entofood Sdn Bhd, Entomal Biotech Sdn Bhd, EnviroFlight LLC, Hexafly, HiProMine S.A., InnovaFeed, INSECTIFii, nextProtein SA, Norsk Fiskeoppdrett AS, Nutrition Technologies Sdn Bhd, Protenga Pte Ltd., Protix B.V., SFly Comgraf SAS, and Soldier Fly Technologies, Inc..

Market Segmentation & Coverage

This research report categorizes the Black Soldier Fly Market to forecast the revenues and analyze trends in each of the following sub-markets:

Product
- Biofertilizers
- Cocoons
- Larvae Oil
- Protein Meals
- Whole Dried Larvae
Application
- Agriculture
- Animal Feed
- Aqua Feed
- Pet Food
Distribution
- Offline
- Online
Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam
- Europe, Middle East & Africa
  - Denmark
  - Egypt
  - Finland
  - France
  - Germany
  - Israel
  - Italy
  - Netherlands
  - Nigeria
  - Norway
  - Poland
  - Qatar
  - Russia
  - Saudi Arabia
  - South Africa
  - Spain
  - Sweden
  - Switzerland
  - Turkey
  - United Arab Emirates
  - United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Black Soldier Fly Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Black Soldier Fly Market?

3. What are the technology trends and regulatory frameworks in the Black Soldier Fly Market?

4. What is the market share of the leading vendors in the Black Soldier Fly Market?

5. Which modes and strategic moves are suitable for entering the Black Soldier Fly Market?

Product Code: MRR-B16853779F75

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

4.1. Introduction
4.2. Black Soldier Fly Market, by Region

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing emphasis on food waste treatment and nutrient recycling worldwide
  - 5.1.1.2. Expansion of sustainable black soldier fly farming activities
  - 5.1.1.3. Rise of biodiesel production from black soldier fly larvae
- 5.1.2. Restraints
  - 5.1.2.1. Complexity in fly farming processes and production activities
- 5.1.3. Opportunities
  - 5.1.3.1. R&D concerning the sourcing and property enhancement of black soldier fly
  - 5.1.3.2. Emergence of black soldier fly larvae as an alternative protein source
- 5.1.4. Challenges
  - 5.1.4.1. Complex legislative landscape of black soldier fly for human and environmental use
5.2. Market Segmentation Analysis
- 5.2.1. Product: Biofertilizers have organic content and the ability to improve soil health
- 5.2.2. Application: Agricultural application used black soldier fly for waste management
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter's Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework

6. Black Soldier Fly Market, by Product

6.1. Introduction
6.2. Biofertilizers
6.3. Cocoons
6.4. Larvae Oil
6.5. Protein Meals
6.6. Whole Dried Larvae

7. Black Soldier Fly Market, by Application

7.1. Introduction
7.2. Agriculture
7.3. Animal Feed
7.4. Aqua Feed
7.5. Pet Food

8. Black Soldier Fly Market, by Distribution

8.1. Introduction
8.2. Offline
8.3. Online

9. Americas Black Soldier Fly Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Black Soldier Fly Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Black Soldier Fly Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. FPNV Positioning Matrix
12.2. Market Share Analysis, By Key Player
12.3. Competitive Scenario Analysis, By Key Player
- 12.3.1. Agreement, Collaboration, & Partnership
  - 12.3.1.1. Strategic Partnership to Promote Sustainable Black Soldier Fly Larvae (BSFL), a Cause for the Stray
- 12.3.2. Investment & Funding
  - 12.3.2.1. Bunge Invests in Malaysian Black Soldier Fly Producer
- 12.3.3. Award, Recognition, & Expansion
  - 12.3.3.1. Nutrition Technologies Hails UK and EU Decision to Greenlight Malaysian Insect Products

13. Competitive Portfolio

13.1. Key Company Profiles
- 13.1.1. Applied Bio-nomics Ltd.
- 13.1.2. ARBICO Organics
- 13.1.3. Biobest Group
- 13.1.4. BioflyTech
- 13.1.5. Bioline AgroSciences Ltd.
- 13.1.6. Bionema Limited
- 13.1.7. Entobel Holding Pte. Ltd.
- 13.1.8. Entofood Sdn Bhd
- 13.1.9. Entomal Biotech Sdn Bhd
- 13.1.10. EnviroFlight LLC
- 13.1.11. Hexafly
- 13.1.12. HiProMine S.A.
- 13.1.13. InnovaFeed
- 13.1.14. INSECTIFii
- 13.1.15. nextProtein SA
- 13.1.16. Norsk Fiskeoppdrett AS
- 13.1.17. Nutrition Technologies Sdn Bhd
- 13.1.18. Protenga Pte Ltd.
- 13.1.19. Protix B.V.
- 13.1.20. SFly Comgraf SAS
- 13.1.21. Soldier Fly Technologies, Inc.
13.2. Key Product Portfolio

14. Appendix

14.1. Discussion Guide
14.2. License & Pricing