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PUBLISHER: Polaris Market Research | PRODUCT CODE: 1421634
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1421634
Black Soldier Fly Market Share, Size, Trends, Industry Analysis Report, By Product Type (Protein Meal, Biofertilizers, Whole Dried Larvae, Larvae Oil, Others); By Application; By Region; Segment Forecast, 2023- 2032
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The global black soldiers fly market size is expected to reach USD 4.12 billion by 2032, according to a new study by Polaris Market Research. The report "Black Soldiers Fly Market Share, Size, Trends, Industry Analysis Report, By Product Type (Protein Meal, Biofertilizers, Whole Dried Larvae, Larvae Oil, Others); By Application; By Region; Segment Forecast, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The rise in research and development activities on the black soldier fly to understand its birth and nutritional value and to explore the health benefits associated with this fly has created new growth potential for the market. For instance, a 2022 study published by PubMed aimed to identify the effective black soldier fly with substrates, including restaurant waste, fruit waste, fish waste, and commercial tilapia food, in feeding Nile tilapia. The larva fed by restaurant waste had the highest weight and length. The study revealed the effectiveness of black soldier fly as a feed in aquaculture compared to traditional commercial methods due to its nutritional profile. This may further drive its awareness among fish producers, which will fuel the demand in the study period.
Companies are working on collaborations and partnerships to work collectively to gain a competitive advantage and build new products into the market. For instance, BioMar, & Agronutris, entered the partnership in May 2023 to develop the next generation of black soldier fly meals with a focus on the needs of the aquaculture industry. This ongoing research and development activity to innovate effective insect feed for aquaculture involves the use of black soldier fly larvae in product formulations.
The increase in studies focused on finding the nutritional potential of the black soldier fly and its process of converting various wastes into nutritional feed and fertilizers is enhancing consumer awareness and driving production. A 2023 study conducted on Australian farmers revealed that the farmers are willing to adopt black soldier flies due to higher organic carbon & NPK levels. Organic farmers are willing to pay more than conventional farmers. According to the findings, farmers agreed that the BSF-derived fertilizers can increase the environmental sustainability of the agricultural sector and that they would be interested in utilizing the product. This showcases the increasing awareness about organic fertilizers like black soldier fly among farmers, driving their demand in the future.
Black Soldier Fly Market Report Highlights
- Protein Meal segment is anticipated to witness the highest growth in the coming years due to its capabilities in providing healthy feed for animals.
- Animal Feed segment accounted for the largest market share owing to its cost effectiveness compared to other options.
- APAC is projected to register the largest growth rate in the study period owing to growing waste in the region and sustainable waste management initiatives.
- Europe is expected to have the fastest growth owing to the shift in consumer preferences towards sustainable proteins.
- The global players include: AgriProtein, Bioflytech, Entofood, Nutrition Technologies Group, Protenga, Protix B.V. & Sfly.
Polaris Market Research has segmented the black soldier fly market report based on product type, application, and region:
Black Soldier Fly, Product Type Outlook (Revenue - USD Billion, 2019 - 2032)
- Protein Meal
- Biofertilizers (Frass)
- Whole Dried Larvae
- Larvae Oil
- Others (Live, Larvae, Adult, Cocoon, & Pupa)
Black Soldier Fly, Application Outlook (Revenue - USD Billion, 2019 - 2032)
- Animal Feed
- Agriculture
- Pet Food
- Others
Black Soldier Fly, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Product Code: PM3964
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
- 2.1. Market Highlights
3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Black Soldier Fly Market Insights
- 4.1. Black Soldier Fly Market - Industry Snapshot
- 4.2. Black Soldier Fly Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Growth in Animal Feed Industry
- 4.2.1.2. Research and Innovation
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Regulatory Hurdles
- 4.2.1. Drivers and Opportunities
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. Black Soldier Fly Industry trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Black Soldier Fly Market, by Product Type
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Black Soldier Fly, by Product Type, 2019-2032 (USD Million)
- 5.3. Protein Meal
- 5.3.1. Global Black Soldier Fly Market, by Protein Meal, by Region, 2019-2032 (USD Million)
- 5.4. Biofertilizers (Frass)
- 5.4.1. Global Black Soldier Fly Market, by Biofertilizers (Frass), by Region, 2019-2032 (USD Million)
- 5.5. Whole Dried Larvae
- 5.5.1. Global Black Soldier Fly Market, by Whole Dried Larvae, by Region, 2019-2032 (USD Million)
- 5.6. Larvae Oil
- 5.6.1. Global Black Soldier Fly Market, by Larvae Oil, by Region, 2019-2032 (USD Million)
- 5.7. Others (Live, Larvae, Adult, Cocoon, & Pupa)
- 5.7.1. Global Black Soldier Fly Market, by Others (Live, Larvae, Adult, Cocoon, & Pupa), by Region, 2019-2032 (USD Million)
6. Global Black Soldier Fly Market, by Application
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Black Soldier Fly Market, by Application, 2019-2032 (USD Million)
- 6.3. Animal Feed
- 6.3.1. Global Black Soldier Fly Market, by Animal Feed, by Region, 2019-2032 (USD Million)
- 6.4. Agriculture
- 6.4.1. Global Black Soldier Fly Market, by Agriculture, by Region, 2019-2032 (USD Million)
- 6.5. Pet Food
- 6.5.1. Global Black Soldier Fly Market, by Pet Food, by Region, 2019-2032 (USD Million)
- 6.6. Others
- 6.6.1. Global Black Soldier Fly Market, by Others, by Region, 2019-2032 (USD Million)
7. Global Black Soldier Fly Market, by Geography
- 7.1. Key findings
- 7.2. Introduction
- 7.2.1. Black Soldier Fly Market Assessment, By Geography, 2019-2032 (USD Million)
- 7.3. Black Soldier Fly Market - North America
- 7.3.1. North America: Black Soldier Fly Market, by Application, 2019-2032 (USD Million)
- 7.3.2. North America: Black Soldier Fly Market, by Product Type, 2019-2032 (USD Million)
- 7.3.3. Black Soldier Fly Market - U.S.
- 7.3.3.1. U.S.: Black Soldier Fly Market, by Application, 2019-2032 (USD Million)
- 7.3.3.2. U.S.: Black Soldier Fly Market, by Product Type, 2019-2032 (USD Million)
- 7.3.4. Black Soldier Fly Market - Canada
- 7.3.4.1. Canada: Black Soldier Fly Market, by Application, 2019-2032 (USD Million)
- 7.3.4.2. Canada: Black Soldier Fly Market, by Product Type, 2019-2032 (USD Million)
- 7.4. Black Soldier Fly Market - Europe
- 7.4.1. Europe: Black Soldier Fly Market, by Application, 2019-2032 (USD Million)
- 7.4.2. Europe: Black Soldier Fly Market, by Product Type, 2019-2032 (USD Million)
- 7.4.3. Black Soldier Fly Market - UK
- 7.4.3.1. UK: Black Soldier Fly Market, by Application, 2019-2032 (USD Million)
- 7.4.3.2. UK: Black Soldier Fly Market, by Product Type, 2019-2032 (USD Million)
- 7.4.4. Black Soldier Fly Market - France
- 7.4.4.1. France: Black Soldier Fly Market, by Application, 2019-2032 (USD Million)
- 7.4.4.2. France: Black Soldier Fly Market, by Product Type, 2019-2032 (USD Million)
- 7.4.5. Black Soldier Fly Market - Germany
- 7.4.5.1. Germany: Black Soldier Fly Market, by Application, 2019-2032 (USD Million)
- 7.4.5.2. Germany: Black Soldier Fly Market, by Product Type, 2019-2032 (USD Million)
- 7.4.6. Black Soldier Fly Market - Italy
- 7.4.6.1. Italy: Black Soldier Fly Market, by Application, 2019-2032 (USD Million)
- 7.4.6.2. Italy: Black Soldier Fly Market, by Product Type, 2019-2032 (USD Million)
- 7.4.7. Black Soldier Fly Market - Spain
- 7.4.7.1. Spain: Black Soldier Fly Market, by Application, 2019-2032 (USD Million)
- 7.4.7.2. Spain: Black Soldier Fly Market, by Product Type, 2019-2032 (USD Million)
- 7.4.8. Black Soldier Fly Market - Netherlands
- 7.4.8.1. Netherlands: Black Soldier Fly Market, by Application, 2019-2032 (USD Million)
- 7.4.8.2. Netherlands: Black Soldier Fly Market, by Product Type, 2019-2032 (USD Million)
- 7.4.9. Black Soldier Fly Market - Russia
- 7.4.9.1. Russia: Black Soldier Fly Market, by Application, 2019-2032 (USD Million)
- 7.4.9.2. Russia: Black Soldier Fly Market, by Product Type, 2019-2032 (USD Million)
- 7.5. Black Soldier Fly Market - Asia Pacific
- 7.5.1. Asia Pacific: Black Soldier Fly Market, by Application, 2019-2032 (USD Million)
- 7.5.2. Asia Pacific: Black Soldier Fly Market, by Product Type, 2019-2032 (USD Million)
- 7.5.3. Black Soldier Fly Market - China
- 7.5.3.1. China: Black Soldier Fly Market, by Application, 2019-2032 (USD Million)
- 7.5.3.2. China: Black Soldier Fly Market, by Product Type, 2019-2032 (USD Million)
- 7.5.4. Black Soldier Fly Market - India
- 7.5.4.1. India: Black Soldier Fly Market, by Application, 2019-2032 (USD Million)
- 7.5.4.2. India: Black Soldier Fly Market, by Product Type, 2019-2032 (USD Million)
- 7.5.5. Black Soldier Fly Market - Malaysia
- 7.5.5.1. Malaysia: Black Soldier Fly Market, by Application, 2019-2032 (USD Million)
- 7.5.5.2. Malaysia: Black Soldier Fly Market, by Product Type, 2019-2032 (USD Million)
- 7.5.6. Black Soldier Fly Market - Japan
- 7.5.6.1. Japan: Black Soldier Fly Market, by Application, 2019-2032 (USD Million)
- 7.5.6.2. Japan: Black Soldier Fly Market, by Product Type, 2019-2032 (USD Million)
- 7.5.7. Black Soldier Fly Market - Indonesia
- 7.5.7.1. Indonesia: Black Soldier Fly Market, by Application, 2019-2032 (USD Million)
- 7.5.7.2. Indonesia: Black Soldier Fly Market, by Product Type, 2019-2032 (USD Million)
- 7.5.8. Black Soldier Fly Market - South Korea
- 7.5.8.1. South Korea: Black Soldier Fly Market, by Application, 2019-2032 (USD Million)
- 7.5.8.2. South Korea: Black Soldier Fly Market, by Product Type, 2019-2032 (USD Million)
- 7.6. Black Soldier Fly Market - Middle East & Africa
- 7.6.1. Middle East & Africa: Black Soldier Fly Market, by Application, 2019-2032 (USD Million)
- 7.6.2. Middle East & Africa: Black Soldier Fly Market, by Product Type, 2019-2032 (USD Million)
- 7.6.3. Black Soldier Fly Market - Saudi Arabia
- 7.6.3.1. Saudi Arabia: Black Soldier Fly Market, by Application, 2019-2032 (USD Million)
- 7.6.3.2. Saudi Arabia: Black Soldier Fly Market, by Product Type, 2019-2032 (USD Million)
- 7.6.4. Black Soldier Fly Market - UAE
- 7.6.4.1. UAE: Black Soldier Fly Market, by Application, 2019-2032 (USD Million)
- 7.6.4.2. UAE: Black Soldier Fly Market, by Product Type, 2019-2032 (USD Million)
- 7.6.5. Black Soldier Fly Market - Israel
- 7.6.5.1. Israel: Black Soldier Fly Market, by Application, 2019-2032 (USD Million)
- 7.6.5.2. Israel: Black Soldier Fly Market, by Product Type, 2019-2032 (USD Million)
- 7.6.6. Black Soldier Fly Market - South Africa
- 7.6.6.1. South Africa: Black Soldier Fly Market, by Application, 2019-2032 (USD Million)
- 7.6.6.2. South Africa: Black Soldier Fly Market, by Product Type, 2019-2032 (USD Million)
- 7.7. Black Soldier Fly Market - Latin America
- 7.7.1. Latin America: Black Soldier Fly Market, by Application, 2019-2032 (USD Million)
- 7.7.2. Latin America: Black Soldier Fly Market, by Product Type, 2019-2032 (USD Million)
- 7.7.3. Black Soldier Fly Market - Mexico
- 7.7.3.1. Mexico: Black Soldier Fly Market, by Application, 2019-2032 (USD Million)
- 7.7.3.2. Mexico: Black Soldier Fly Market, by Product Type, 2019-2032 (USD Million)
- 7.7.4. Black Soldier Fly Market - Brazil
- 7.7.4.1. Brazil: Black Soldier Fly Market, by Application, 2019-2032 (USD Million)
- 7.7.4.2. Brazil: Black Soldier Fly Market, by Product Type, 2019-2032 (USD Million)
- 7.7.5. Black Soldier Fly Market - Argentina
- 7.7.5.1. Argentina: Black Soldier Fly Market, by Application, 2019-2032 (USD Million)
- 7.7.5.2. Argentina: Black Soldier Fly Market, by Product Type, 2019-2032 (USD Million)
8. Competitive Landscape
- 8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
- 8.2. Partnerships/Collaborations/Agreements/Exhibitions
9. Company Profiles
- 9.1. AgriProtein
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Recent Development
- 9.2. Bioflytech
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Recent Development
- 9.3. Enterra Feed Corporation
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Recent Development
- 9.4. Entofood
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Recent Development
- 9.5. Entobel Holding
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Recent Development
- 9.6. EnviroFlight
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Recent Development
- 9.7. F4F
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Recent Development
- 9.8. Hexafly
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Recent Development
- 9.9. InnovaFeed
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Recent Development
- 9.10. nextProtein
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Product Benchmarking
- 9.10.4. Recent Development
- 9.11. Nutrition Technologies Group
- 9.11.1. Company Overview
- 9.11.2. Financial Performance
- 9.11.3. Product Benchmarking
- 9.11.4. Recent Development
- 9.12. Protenga
- 9.12.1. Company Overview
- 9.12.2. Financial Performance
- 9.12.3. Product Benchmarking
- 9.12.4. Recent Development
- 9.13. Protix B.V.
- 9.13.1. Company Overview
- 9.13.2. Financial Performance
- 9.13.3. Product Benchmarking
- 9.13.4. Recent Development
- 9.14. Sfly
- 9.14.1. Company Overview
- 9.14.2. Financial Performance
- 9.14.3. Product Benchmarking
- 9.14.4. Recent Development
Product Code: PM3964
List of Tables
- Table 1 Global Black Soldier Fly Market, by Application, 2019-2032 (USD Million)
- Table 2 Global Black Soldier Fly Market, by Product Type, 2019-2032 (USD Million)
- Table 3 Black Soldier Fly Market Assessment, By Geography, 2019-2032 (USD Million)
- Table 4 North America: Black Soldier Fly Market, by Application, 2019-2032 (USD Million)
- Table 5 North America: Black Soldier Fly Market, by Product Type, 2019-2032 (USD Million)
- Table 6 U.S.: Black Soldier Fly Market, by Application, 2019-2032 (USD Million)
- Table 7 U.S.: Black Soldier Fly Market, by Product Type, 2019-2032 (USD Million)
- Table 8 Canada: Black Soldier Fly Market, by Application, 2019-2032 (USD Million)
- Table 9 Canada: Black Soldier Fly Market, by Product Type, 2019-2032 (USD Million)
- Table 10 Europe: Black Soldier Fly Market, by Application, 2019-2032 (USD Million)
- Table 11 Europe: Black Soldier Fly Market, by Product Type, 2019-2032 (USD Million)
- Table 12 UK: Black Soldier Fly Market, by Application, 2019-2032 (USD Million)
- Table 13 UK: Black Soldier Fly Market, by Product Type, 2019-2032 (USD Million)
- Table 14 France: Black Soldier Fly Market, by Application, 2019-2032 (USD Million)
- Table 15 France: Black Soldier Fly Market, by Product Type, 2019-2032 (USD Million)
- Table 16 Germany: Black Soldier Fly Market, by Application, 2019-2032 (USD Million)
- Table 17 Germany: Black Soldier Fly Market, by Product Type, 2019-2032 (USD Million)
- Table 18 Italy: Black Soldier Fly Market, by Application, 2019-2032 (USD Million)
- Table 19 Italy: Black Soldier Fly Market, by Product Type, 2019-2032 (USD Million)
- Table 20 Spain: Black Soldier Fly Market, by Application, 2019-2032 (USD Million)
- Table 21 Spain: Black Soldier Fly Market, by Product Type, 2019-2032 (USD Million)
- Table 22 Netherlands: Black Soldier Fly Market, by Application, 2019-2032 (USD Million)
- Table 23 Netherlands: Black Soldier Fly Market, by Product Type, 2019-2032 (USD Million)
- Table 24 Russia: Black Soldier Fly Market, by Application, 2019-2032 (USD Million)
- Table 25 Russia: Black Soldier Fly Market, by Product Type, 2019-2032 (USD Million)
- Table 26 Asia Pacific: Black Soldier Fly Market, by Application, 2019-2032 (USD Million)
- Table 27 Asia Pacific: Black Soldier Fly Market, by Product Type, 2019-2032 (USD Million)
- Table 28 China: Black Soldier Fly Market, by Application, 2019-2032 (USD Million)
- Table 29 China: Black Soldier Fly Market, by Product Type, 2019-2032 (USD Million)
- Table 30 India: Black Soldier Fly Market, by Application, 2019-2032 (USD Million)
- Table 31 India: Black Soldier Fly Market, by Product Type, 2019-2032 (USD Million)
- Table 32 Malaysia: Black Soldier Fly Market, by Application, 2019-2032 (USD Million)
- Table 33 Malaysia: Black Soldier Fly Market, by Product Type, 2019-2032 (USD Million)
- Table 34 Japan: Black Soldier Fly Market, by Application, 2019-2032 (USD Million)
- Table 35 Japan: Black Soldier Fly Market, by Product Type, 2019-2032 (USD Million)
- Table 36 Indonesia: Black Soldier Fly Market, by Application, 2019-2032 (USD Million)
- Table 37 Indonesia: Black Soldier Fly Market, by Product Type, 2019-2032 (USD Million)
- Table 38 South Korea: Black Soldier Fly Market, by Application, 2019-2032 (USD Million)
- Table 39 South Korea: Black Soldier Fly Market, by Product Type, 2019-2032 (USD Million)
- Table 40 Middle East & Africa: Black Soldier Fly Market, by Application, 2019-2032 (USD Million)
- Table 41 Middle East & Africa: Black Soldier Fly Market, by Product Type, 2019-2032 (USD Million)
- Table 42 Saudi Arabia: Black Soldier Fly Market, by Application, 2019-2032 (USD Million)
- Table 43 Saudi Arabia: Black Soldier Fly Market, by Product Type, 2019-2032 (USD Million)
- Table 44 UAE: Black Soldier Fly Market, by Application, 2019-2032 (USD Million)
- Table 45 UAE: Black Soldier Fly Market, by Product Type, 2019-2032 (USD Million)
- Table 46 Israel: Black Soldier Fly Market, by Application, 2019-2032 (USD Million)
- Table 47 Israel: Black Soldier Fly Market, by Product Type, 2019-2032 (USD Million)
- Table 48 South Africa: Black Soldier Fly Market, by Application, 2019-2032 (USD Million)
- Table 49 South Africa: Black Soldier Fly Market, by Product Type, 2019-2032 (USD Million)
- Table 50 Latin America: Black Soldier Fly Market, by Application, 2019-2032 (USD Million)
- Table 51 Latin America: Black Soldier Fly Market, by Product Type, 2019-2032 (USD Million)
- Table 52 Mexico: Black Soldier Fly Market, by Application, 2019-2032 (USD Million)
- Table 53 Mexico: Black Soldier Fly Market, by Product Type, 2019-2032 (USD Million)
- Table 54 Brazil: Black Soldier Fly Market, by Application, 2019-2032 (USD Million)
- Table 55 Brazil: Black Soldier Fly Market, by Product Type, 2019-2032 (USD Million)
- Table 56 Argentina: Black Soldier Fly Market, by Application, 2019-2032 (USD Million)
- Table 57 Argentina: Black Soldier Fly Market, by Product Type, 2019-2032 (USD Million)
List of Figures
- Figure 1 Global Black Soldier Fly Market, 2019-2032 (USD Million)
- Figure 2 Integrated Ecosystem
- Figure 3 Research Methodology: Top-Down & Bottom-Up Approach
- Figure 4 Market by Geography
- Figure 5 Porter's Five Forces
- Figure 6 Market by Application
- Figure 7 Global Black Soldier Fly Market, by Application, 2022 & 2032 (USD Million)
- Figure 8 Market by Product Type
- Figure 9 Global Black Soldier Fly Market, by Product Type, 2022 & 2032 (USD Million)
- Figure 10 Black Soldier Fly Market Assessment, By Geography, 2019-2032 (USD Million)
- Figure 11 Strategic Analysis - Black Soldier Fly Market
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