Black Soldier Fly Market Generating Revenue of $4.12 Billion By 2032, At a Booming 32.40% Growth Rate
Polaris Market Research has recently published its latest research report titled "Black Soldier Fly Market by Product Type (Protein Meal, Biofertilizers, Whole Dried Larvae, Larvae Oil, Others), Application, Region - Global Forecast to 2032." The study reveals that the market for black soldier fly was valued at USD 330.19 million in 2023 and is projected to grow to USD 4.12 billion By 2032. This industry is projected to exhibit a compound annual growth rate (CAGR) of 32.40% during the forecast period of 2024 to 2032.๐๐ฒ๐ ๐๐ฟ๐ฒ๐ฒ ๐๐ ๐ฐ๐น๐๐๐ถ๐๐ฒ ๐ฃ๐๐ ๐ฆ๐ฎ๐บ๐ฝ๐น๐ฒ ๐๐ผ๐ฝ๐ ๐ผ๐ณ ๐ง๐ต๐ถ๐ ๐ฅ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ @ https://www.polarismarketresearch.com/industry-analysis/black-soldier-fly-market/request-for-sample
๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐๐ป๐๐ฟ๐ผ๐ฑ๐๐ฐ๐๐ถ๐ผ๐ป
The black soldier fly is a sleek-looking fly that belongs to the family Stratiomyidae. The origins of the fly can be traced back to South America. Nowadays, the black soldier fly is cosmopolitan, found across temperature climates of nations like Africa, Europe, Asia, and America. The name of the fly comes from adult flies, which bear a black color with metallic reflections. Black soldier flies are a good source of animal protein for both humans and animals as they contain a significant amount of protein in their dry state. Besides, these flies can feed on almost any organic waste, making them an apt choice for dealing with discarded foods and agricultural wastes. The larvae of black soldier flies are a good feed source for poultry, fish, and pigs. Also, they can be given to pets like dogs. Furthermore, these flies present significant potential for human consumption.
๐๐ฟ๐ผ๐๐๐ต ๐๐ฟ๐ถ๐๐ฒ๐ฟ๐
Black soldier fly larvae are renowned for their exceptional quality in transforming organic waste. These flies can ingest a variety of organic waste, which includes food waste, animal dung, municipal organic waste, and crop straw. Also, black solider flies can't spread diseases or parasites when utilized in feed, though they consume garbage and rotten food. The numerous environmental benefits of these files are anticipated to drive the black soldier fly market sales in the upcoming years.
๐ฉ๐๐ ๐๐๐๐ ๐ท๐๐๐๐๐๐ ๐น๐๐๐๐๐๐๐ ๐น๐๐๐๐๐ @ https://www.polarismarketresearch.com/buy/2922/2
๐๐ผ๐บ๐ฝ๐ฒ๐๐ถ๐๐ถ๐๐ฒ ๐๐ป๐๐ถ๐ด๐ต๐๐
The market for black soldier files is projected to witness competition owing to the rise in key strategic developments such as acquisitions, mergers, and collaborations.
๐ฆ๐ผ๐บ๐ฒ ๐ผ๐ณ ๐๐ต๐ฒ ๐บ๐ฎ๐ท๐ผ๐ฟ ๐ฝ๐น๐ฎ๐๐ฒ๐ฟ๐ ๐ผ๐ฝ๐ฒ๐ฟ๐ฎ๐๐ถ๐ป๐ด ๐ถ๐ป ๐๐ต๐ฒ ๐ด๐น๐ผ๐ฏ๐ฎ๐น ๐บ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ถ๐ป๐ฐ๐น๐๐ฑ๐ฒ:
โข AgriProtein
โข Bioflytech
โข Enterra Feed Corporation
โข Entofood
โข Entobel Holding
โข EnviroFlight
โข F4F
โข Hexafly
โข InnovaFeed
โข nextProtein
โข Nutrition Technologies Group
โข Protenga
โข Protix B.V.
โข 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)
โข Protein Meal
โข Biofertilizers (Frass)
โข Whole Dried Larvae
โข Larvae Oil
โข Others (Live, Larvae, Adult, Cocoon, & Pupa)
Black Soldier Fly, Application Outlook (Revenue - USD Billion, 2019 - 2032)
โข Animal Feed
โข Agriculture
โข Pet Food
โข Others
๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ @ https://www.polarismarketresearch.com/industry-analysis/black-soldier-fly-market
๐๐น๐ฎ๐ฐ๐ธ ๐ฆ๐ผ๐น๐ฑ๐ถ๐ฒ๐ฟ ๐๐น๐ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ ๐๐ถ๐ด๐ต๐น๐ถ๐ด๐ต๐๐
โข Protein Meal segment is anticipated to witness the highest growth in the coming years due to its capabilities in providing healthy feed for animals.
โข Animal Feed segment accounted for the largest market share owing to its cost effectiveness compared to other options.
โข 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.
โข Europe is expected to have the fastest growth owing to the shift in consumer preferences towards sustainable proteins.
โข The global players include AgriProtein, Bioflytech, Entofood, Nutrition Technologies Group, Protenga, Protix B.V. & Sfly.
๐๐ค๐ง๐ ๐๐ง๐๐ฃ๐๐๐ฃ๐ ๐๐๐ฅ๐ค๐ง๐ฉ๐จ ๐๐ฎ ๐๐ค๐ก๐๐ง๐๐จ ๐๐๐ง๐ ๐๐ฉ ๐๐๐จ๐๐๐ง๐๐:
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๐๐ผ๐ป๐๐ฎ๐ฐ๐ ๐จ๐:
Polaris Market Research
Phone: +1-929-297-9727
Email: sales@polarismarketresearch.com
๐๐ฏ๐ผ๐๐ ๐จ๐:
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We give unmatched nature of offering to our customers present all around the globe across industry verticals.
Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.
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