Insect Feed Market Size Forecast 2022-2028

Precision Business Insights published a research report on "Insect Feed Market: By Product (Meal Worms, Fly Larvae and Others (Including, silkworms, cicadas etc.)), By Application (Aquaculture, Pig Nutrition, Poultry Nutrition and Others (Including cattle and dairy nutrition, etc.)) - Global/Region/Country Forecast to 2028"

Insect feeds are utilised as a source of nutrition for a variety of animals, including livestock, poultry, and fish. Insect feed is high in protein and contains natural ingredients like as amino acids, minerals, and other nutrients. Insect feeds are an important part of a poultry's diet. Insect feed has a good impact on the health of both animals and end consumers. Insect feed often contains components such as soybeans, fish oil, fish meal, and cereals. Insects are a direct possible supply of protein for traditional protein synthesis, whether food for human consumption, recomposed meals, or as a protein source in feedstock blends. Many insect species are cultivated on organic waste streams, minimising pollution and converting trash into high-protein feed that can be used to replace exorbitantly expensive compound feed ingredients like fish meal. Insect feeds have several advantages, including providing essential nutrients, releasing fewer greenhouse emissions during processing, and being less expensive than conventional feeds.

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By 2050, the world's population is predicted to reach 9.5 billion people. Future food security difficulties will be posed by a growing population and increased demand for protein-rich foods from livestock, poultry, and seafood. As a result of their excellent nutritional value and low danger of transmitting zoonotic diseases, the demand for edible insect production and consumption is growing. Insects have a higher protein content and lower fat content than typical meats like poultry and animals. They also produce fewer greenhouse emissions and ammonia than traditional animals and can be fed organic waste. This is what is propelling the market forward. Insects are also good at turning food into protein. To generate the same amount of protein, crickets require nearly twice less feed than cattle, 4 times less feed than sheep, as well as half as much feed as pigs & broiler chickens. As a result, the cultivation of these insects and their use as animal feed has become popular in both developed and emerging nations.

In terms of Source, the market is bifurcated into Coleoptera and Orthoptera. On the basis of Application, the market is segregated into Animal Nutrition and Food & Beverages. Coleoptera held the largest market share in 2020, with a revenue share of more than 25%. Aquatic beetles, Edible beetles, wood-boring larvae, and dung beetles are all included in this category. Coleoptera is safe to eat and is available in a variety of insect-based goods such as insect-based oil, protein powder, flour, and more.

Asia-Pacific has the highest share of the global market, while Europe is expected to be the fastest-growing industry in the next years. In recent years, the need for nutritious insect feed in Asia-Pacific has risen due to rising meat consumption. In addition, market growth has been supported by investments made by insect feed firms in the region. Likewise, in Europe, government measures, together with farmers' upkeep of large flocks of poultry, are expected to drive the insect feed market revenue throughout the projection period.

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There are several industry players working in the Insect Feed Market, which include AgriProtein, Diptera Nutrition, Enterra Feed, Entofood, Entomo Farms, Entomotech, Hexafly

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