Insect Feed Market by Product Type, End-Users, and Geography (North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa): Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2023-2030

Description

Persistence Market Research has recently published an exhaustive report on the global Insect Feed Market. The significant growth observed in this market highlights the increasing utilization of insects as a sustainable protein source in animal feed, driven by factors such as the rising demand for alternative protein sources, environmental concerns related to conventional livestock farming, and technological advancements in insect rearing and processing. The report underscores the pivotal role of insect-based feed in addressing the challenges of conventional animal agriculture while catering to the growing global demand for high-quality protein.

The global insect feed market is forecast to expand at a CAGR of 15.3% and thereby increase from a value of US$2.1 Bn in 2023, to US$6.2 Bn by the end of 2030.

Key Insights

Insect Feed Market Size (2023E): US$2.1 billion

Projected Market Value (2030F): US$6.2 billion

Global Market Growth Rate (CAGR 2023 to 2030): 15.3%

Historical Market Growth Rate (CAGR 2018 to 2022): 12.0%

Insect Feed Market - Report Scope

The Insect Feed Market report offers a comprehensive analysis of market dynamics, focusing on historical trends and future projections. Insects serve as an alternative protein source in animal feed, addressing the challenges of conventional protein sources such as soybean meal and fishmeal, which are associated with environmental concerns, resource inefficiency, and fluctuating prices. The report delves into the nuances of the insect feed market, examining factors driving market growth, key market players, and emerging trends shaping the industry landscape.

Market Growth Drivers for Insect Feed Market:

The increasing global population, coupled with rising incomes and urbanization, has led to a surge in demand for animal protein, exerting pressure on traditional livestock production systems. Insects offer a sustainable and efficient solution to meet the growing protein demand while mitigating the environmental footprint associated with conventional livestock farming. Insect-based feed ingredients, such as black soldier fly larvae, mealworms, and crickets, are rich in essential nutrients, including protein, amino acids, and micronutrients, making them suitable for various livestock species, including poultry, aquaculture, and pet food.

Advancements in insect rearing technologies, automation, and waste valorization have facilitated the scalability and cost-effectiveness of insect farming operations, driving down production costs and enhancing market competitiveness. Moreover, regulatory approvals and supportive policies recognizing the nutritional value and safety of insect-based feed ingredients have bolstered market acceptance and encouraged investment in insect farming infrastructure and value chains.

Market Restraints

Despite the promising prospects, the insect feed market faces challenges related to consumer perception, regulatory frameworks, and supply chain logistics. Consumer acceptance of insect-based products varies across regions, influenced by cultural factors, dietary preferences, and perceptions of food safety and sustainability. Educating consumers and addressing misconceptions regarding insect-based feed ingredients are essential to foster market acceptance and stimulate demand.

Regulatory frameworks governing the use of insects in animal feed vary globally, posing compliance challenges for market players operating across different jurisdictions. Harmonizing regulations and establishing clear guidelines for insect farming, processing, and product safety can facilitate market expansion and cross-border trade. Furthermore, ensuring the scalability and sustainability of insect farming operations requires addressing logistical constraints related to feedstock sourcing, waste management, and distribution networks.

Market Opportunities

Amidst the challenges lie opportunities for innovation and market growth within the insect feed market. Leveraging biotechnological tools, such as genetic engineering and microbial fermentation, can enhance the nutritional profile and functionality of insect-based feed ingredients, catering to specific animal species' dietary requirements and optimizing feed efficiency. Formulating insect-based feed blends with complementary ingredients, such as plant proteins, probiotics, and essential oils, can enhance palatability, digestibility, and animal performance, driving market adoption and customer satisfaction.

Furthermore, integrating circular economy principles into insect farming operations, such as utilizing organic waste streams and optimizing resource utilization, can enhance environmental sustainability and resource efficiency, aligning with sustainable development goals. Collaborating with stakeholders across the value chain, including farmers, feed manufacturers, retailers, and policymakers, can foster innovation, streamline supply chains, and address market barriers, unlocking new opportunities for market growth and expansion.

Key Questions Answered in Report::

What is the Forecast CAGR of the Insect Feed Market in 2030?
What is the Global Market Size of Insect Feed as of the End of 2023?
Which Region Dominated the Insect Feed Market in 2023?
Who are the Key Players in the Global Insect Feed Market?
Which Livestock Segments Hold the Largest Opportunities for Insect Feed Integration?

Competitive Intelligence and Business Strategy

In navigating the competitive landscape, companies in the Insect Feed Market must leverage competitive intelligence and strategic business initiatives to differentiate themselves and capitalize on emerging opportunities. Understanding market dynamics, consumer preferences, and competitor strategies is essential for informed decision-making and market positioning.

Furthermore, investing in research and development, quality control, and regulatory compliance can help companies maintain product quality and safety standards, enhancing consumer trust and brand reputation. By focusing on innovation, sustainability, and market expansion strategies, companies can strengthen their competitive advantage, drive revenue growth, and capture market share in the dynamic Insect Feed Market.

Key Companies Profiled
Nextprotein
Buhler AG
Hexafly
Entofood
Diptera Nutrition
Enviroflight
Coppens
Agriprotein

Insect Feed Market Research Segmentation

Market segmentation based on insect type, application, end-user, and region provides valuable insights into key market segments and regional dynamics, enabling companies to tailor their offerings to specific customer needs and preferences. By understanding the unique requirements of different customer segments and geographic markets, companies can develop targeted strategies to address market demands effectively, thereby gaining a competitive edge and driving growth in the Insect Feed Market.

By Insect Type:
Fly Larvae
Silkworms
Cicadas
Other Insects
By Application:
Aquaculture
Pig Nutrition
Poultry Nutrition
Diary Nutrition
Other Applications
By Region:
North America
Europe
East Asia
South Asia & Oceania
Latin America
Middle East & Africa

Product Code: PMRREP33720

1. Executive Summary

1.1. Global Insect Feed Market Snapshot, 2023 and 2030
1.2. Market Opportunity Assessment, 2023 - 2030, US$ Mn
1.3. Key Market Trends
1.4. Future Market Projections
1.5. Premium Market Insights
1.6. Industry Developments and Key Market Events
1.7. PMR Analysis and Recommendations

2. Market Overview

2.1. Market Scope and Definition
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
2.3. Insect Type Lifecycle Analysis
2.4. Insect Feed Market: Value Chain
- 2.4.1. List of Raw Material Supplier
- 2.4.2. List of Manufacturers
- 2.4.3. List of Distributors
- 2.4.4. List of Applications
- 2.4.5. Profitability Analysis
2.5. Porter Five Force's Analysis
2.6. Geopolitical Tensions: Market Impact
2.7. Macro-Economic Factors
- 2.7.1. Global Sectorial Outlook
- 2.7.2. Global GDP Growth Outlook
- 2.7.3. Global Parent Market Overview
2.8. Forecast Factors - Relevance and Impact
2.9. Regulatory and Technology Landscape

3. Global Insect Feed Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

3.1. Key Highlights
- 3.1.1. Market Volume (Units) Projections
- 3.1.2. Market Size and Y-o-Y Growth
- 3.1.3. Absolute $ Opportunity
3.2. Market Size (US$ Mn) Analysis and Forecast
- 3.2.1. Historical Market Size Analysis, 2013-2016
- 3.2.2. Current Market Size Forecast, 2018-2026
3.3. Global Insect Feed Market Outlook: Insect Type
- 3.3.1. Introduction / Key Findings
- 3.3.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Insect Type, 2018 - 2022
- 3.3.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Insect Type, 2023 - 2030
  - 3.3.3.1. Fly Larvae
  - 3.3.3.2. Silkworms
  - 3.3.3.3. Cicadas
  - 3.3.3.4. Other Insects
3.4. Market Attractiveness Analysis: Insect Type
3.5. Global Insect Feed Market Outlook: Application
- 3.5.1. Introduction / Key Findings
- 3.5.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Application, 2018 - 2022
- 3.5.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
  - 3.5.3.1. Aquaculture
  - 3.5.3.2. Pig Nutrition
  - 3.5.3.3. Poultry Nutrition
  - 3.5.3.4. Diary Nutrition
  - 3.5.3.5. Other
3.6. Market Attractiveness Analysis: Application

4. Global Insect Feed Market Outlook: Region

4.1. Key Highlights
4.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Region, 2018 - 2022
4.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Region, 2023 - 2030
- 4.3.1. North America
- 4.3.2. Europe
- 4.3.3. East Asia
- 4.3.4. South Asia & Pacific
- 4.3.5. Latin America
- 4.3.6. Middle East & Africa (MEA)
4.4. Market Attractiveness Analysis: Region

5. North America Insect Feed Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

5.1. Key Highlights
5.2. Pricing Analysis
5.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 5.3.1. By Country
- 5.3.2. By Insect Type
- 5.3.3. By Application
5.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 5.4.1. U.S.
- 5.4.2. Canada
5.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Insect Type, 2023 - 2030
- 5.5.1. Fly Larvae
- 5.5.2. Silkworms
- 5.5.3. Cicadas
- 5.5.4. Other Insects
5.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 5.6.1. Aquaculture
- 5.6.2. Pig Nutrition
- 5.6.3. Poultry Nutrition
- 5.6.4. Diary Nutrition
- 5.6.5. Other
5.7. Market Attractiveness Analysis

6. Europe Insect Feed Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

6.1. Key Highlights
6.2. Pricing Analysis
6.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 6.3.1. By Country
- 6.3.2. By Insect Type
- 6.3.3. By Application
6.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 6.4.1. Germany
- 6.4.2. France
- 6.4.3. U.K.
- 6.4.4. Italy
- 6.4.5. Spain
- 6.4.6. Russia
- 6.4.7. Turkey
- 6.4.8. Rest of Europe
6.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Insect Type, 2023 - 2030
- 6.5.1. Fly Larvae
- 6.5.2. Silkworms
- 6.5.3. Cicadas
- 6.5.4. Other Insects
6.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 6.6.1. Aquaculture
- 6.6.2. Pig Nutrition
- 6.6.3. Poultry Nutrition
- 6.6.4. Diary Nutrition
- 6.6.5. Other
6.7. Market Attractiveness Analysis

7. East Asia Insect Feed Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

7.1. Key Highlights
7.2. Pricing Analysis
7.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 7.3.1. By Country
- 7.3.2. By Insect Type
- 7.3.3. By Application
7.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 7.4.1. China
- 7.4.2. Japan
- 7.4.3. South Korea
7.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Insect Type, 2023 - 2030
- 7.5.1. Fly Larvae
- 7.5.2. Silkworms
- 7.5.3. Cicadas
- 7.5.4. Other Insects
7.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 7.6.1. Aquaculture
- 7.6.2. Pig Nutrition
- 7.6.3. Poultry Nutrition
- 7.6.4. Diary Nutrition
- 7.6.5. Other
7.7. Market Attractiveness Analysis

8. South Asia & Oceania Insect Feed Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

8.1. Key Highlights
8.2. Pricing Analysis
8.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 8.3.1. By Country
- 8.3.2. By Insect Type
- 8.3.3. By Application
8.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 8.4.1. India
- 8.4.2. Southeast Asia
- 8.4.3. ANZ
- 8.4.4. Rest of South Asia & Oceania
8.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Insect Type, 2023 - 2030
- 8.5.1. Fly Larvae
- 8.5.2. Silkworms
- 8.5.3. Cicadas
- 8.5.4. Other Insects
8.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 8.6.1. Aquaculture
- 8.6.2. Pig Nutrition
- 8.6.3. Poultry Nutrition
- 8.6.4. Diary Nutrition
- 8.6.5. Other
8.7. Market Attractiveness Analysis

9. Latin America Insect Feed Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

9.1. Key Highlights
9.2. Pricing Analysis
9.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 9.3.1. By Country
- 9.3.2. By Insect Type
- 9.3.3. By Application
9.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 9.4.1. Brazil
- 9.4.2. Mexico
- 9.4.3. Rest of Latin America
9.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Insect Type, 2023 - 2030
- 9.5.1. Fly Larvae
- 9.5.2. Silkworms
- 9.5.3. Cicadas
- 9.5.4. Other Insects
9.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 9.6.1. Aquaculture
- 9.6.2. Pig Nutrition
- 9.6.3. Poultry Nutrition
- 9.6.4. Diary Nutrition
- 9.6.5. Other
9.7. Market Attractiveness Analysis

10. Middle East & Africa Insect Feed Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

10.1. Key Highlights
10.2. Pricing Analysis
10.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 10.3.1. By Country
- 10.3.2. By Insect Type
- 10.3.3. By Application
10.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 10.4.1. GCC
- 10.4.2. Egypt
- 10.4.3. South Africa
- 10.4.4. Northern Africa
- 10.4.5. Rest of Middle East & Africa
10.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Insect Type, 2023 - 2030
- 10.5.1. Fly Larvae
- 10.5.2. Silkworms
- 10.5.3. Cicadas
- 10.5.4. Other Insects
10.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 10.6.1. Aquaculture
- 10.6.2. Pig Nutrition
- 10.6.3. Poultry Nutrition
- 10.6.4. Diary Nutrition
- 10.6.5. Other
10.7. Market Attractiveness Analysis

11. Competition Landscape

11.1. Market Share Analysis, 2022
11.2. Market Structure
- 11.2.1. Competition Intensity Mapping By Market
- 11.2.2. Competition Silkworms
- 11.2.3. Apparent Product Capacity
11.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 11.3.1. Nextprotein
  - 11.3.1.1. Overview
  - 11.3.1.2. Segments and Product
  - 11.3.1.3. Key Financials
  - 11.3.1.4. Market Developments
  - 11.3.1.5. Market Strategy
- 11.3.2. Buhler AG
  - 11.3.2.1. Overview
  - 11.3.2.2. Segments and Product
  - 11.3.2.3. Key Financials
  - 11.3.2.4. Market Developments
  - 11.3.2.5. Market Strategy
- 11.3.3. Hexafly
  - 11.3.3.1. Overview
  - 11.3.3.2. Segments and Product
  - 11.3.3.3. Key Financials
  - 11.3.3.4. Market Developments
  - 11.3.3.5. Market Strategy
- 11.3.4. Entofood
  - 11.3.4.1. Overview
  - 11.3.4.2. Segments and Product
  - 11.3.4.3. Key Financials
  - 11.3.4.4. Market Developments
  - 11.3.4.5. Market Strategy
- 11.3.5. Diptera Nutrition
  - 11.3.5.1. Overview
  - 11.3.5.2. Segments and Product
  - 11.3.5.3. Key Financials
  - 11.3.5.4. Market Developments
  - 11.3.5.5. Market Strategy
- 11.3.6. Enviroflight
  - 11.3.6.1. Overview
  - 11.3.6.2. Segments and Product
  - 11.3.6.3. Key Financials
  - 11.3.6.4. Market Developments
  - 11.3.6.5. Market Strategy
- 11.3.7. Coppens
  - 11.3.7.1. Overview
  - 11.3.7.2. Segments and Product
  - 11.3.7.3. Key Financials
  - 11.3.7.4. Market Developments
  - 11.3.7.5. Market Strategy
- 11.3.8. Agriprotein
  - 11.3.8.1. Overview
  - 11.3.8.2. Segments and Product
  - 11.3.8.3. Key Financials
  - 11.3.8.4. Market Developments
  - 11.3.8.5. Market Strategy
- 11.3.9. Others

12. Appendix

12.1. Research Methodology
12.2. Research Assumptions
12.3. Acronyms and Abbreviations