Mealworms Market: Meticulous Research® Reveals Why the Market is Expected to Reach $1.27 Billion by 2030 at a CAGR of 25.8%

The mealworm farming business is impactful at its root. It lessens the burden on the environment by reducing GHG emissions and water, land, and feed usage. The environmental impact of food production is increasingly brought to the forefront of sustainability debates, particularly surrounding the reduction of CO2 emission and other factors, such as water and land use. By 2025, it is estimated that at least 1.8 million people will be living in regions with inadequate freshwater supplies, and two-thirds of the global population will be in areas under pressure from falling water sources (Source: FAO). The rising demand for meat is expected to pressure natural areas to be converted to farmlands. Globally, twice as much land is used for rearing livestock than growing crops. Moreover, a third of those crops harvested are fed to livestock.

Get Inside Scoop Of The Report, Download For Free Sample PDF @ https://www.meticulousresearch.com/download-sample-report/cp_id=5264

Mealworms can play an important role in global ecosystems and provide services necessary for human survival. The energy required to produce 1 kg of mealworm protein is lower than beef and pork and slightly higher than chicken and milk (Source: FAO). Insects produce substantially less ammonia and greenhouse gases than cattle and pigs; for instance, pigs produce 10-100 times more greenhouse gas emissions per kg of weight than mealworms. Thus, the land and water usage of rearing insects are extremely low compared to that of cattle and pigs.

Moreover, GHG emissions due to mealworm production were much lower than other animals. For every one hectare of land required to produce mealworm protein, 2.5 hectares would be required to produce a similar quantity of milk protein, 2-3.5 hectares would be required to produce a similar quantity of pork or chicken protein, and 10 hectares would be required to produce a similar quantity of beef protein. Therefore, mealworms are a more environmentally friendly source of protein than animal-derived proteins.

Speak to our Analysts to Understand the In Detail Impact of COVID-19 on Your Business:
https://www.meticulousresearch.com/speak-to-analyst/cp_id=5264

Also, the high feed conversion efficiency of insects makes insect rearing a viable and environmentally friendly alternative to traditional livestock agriculture (on average, insects can convert 2 kg of feed into 1 kg of insect mass, whereas cattle require 8-10 kg of feed to produce 1 kg of body weight gain). Insect species such as yellow mealworm (Tenebrio Molitor) are very efficient at bio converting organic waste. Hence, the low environmental impact of mealworm production is expected to drive the growth of the global mealworms market. According to the latest publication on the Mealworms Market by Meticulous Research®, the mealworms market is expected to record a CAGR of 25.8% from 2022-2030 to reach $1.27 billion by 2030.

Based on geography, in 2022, Europe is expected to account for the largest share of the mealworms market. The large market share of this region is attributed to factors such as the presence of key mealworm manufacturers, increasing demand for alternative protein sources, high demand for protein-rich food & feed, the increasing number of government approvals for mealworms to be used in human, animal, and pet food applications; and the presence of supportive policies for insect farming.

However, North America is slated to register the highest CAGR during the forecast period. The rapid growth of this market is driven by the growing demand for environment-friendly protein-rich food. In addition, the growing awareness of insects-as-food, decreasing food neophobia, and the altering attitudes of consumers towards insects as food products are expected to create significant opportunities for the growth of the mealworms market.

Have Any Query? Ask Our Experts Here: https://www.meticulousresearch.com/enquire-before-buying/cp_id=5264

Based on product type, in 2022, the whole mealworm segment is expected to account for the largest share of the mealworms market. The large share of this segment is attributed to the growing preference for whole mealworms by food & feed manufacturers for further processing due to their easy availability and cost-effectiveness.

Based on application, in 2022, the animal feed segment is estimated to account for the largest share of the mealworms market. The growth of this segment is driven by the wide availability of mealworm products for use in animal feed, growing usage of mealworm-based products by feed manufacturers, and the high nutritional value of mealworms in animal nutrition. Mealworms are rich in amino acids, minerals, fats, vitamins, and energy. They have the potential to be a valuable feed source for poultry, aquaculture, and pets.

You can Buy This Report from Here : https://www.meticulousresearch.com/Checkout/68955102

Based on end use, in 2022, the animal nutrition segment is estimated to account for the largest share of the mealworms market. The growth of this segment is driven by factors such as the increasing animal population, rapidly growing pet expenditure, increasing customer willingness to provide high-quality food to their pets, lower price of insect-based feed compared to other types of animal feed, and the growing demand for insect protein in the pet food industry.

Some of the key players operating in the mealworms market are Protix B.V. (Netherlands), Ÿnsect SAS (France), BETA HATCH (U.S.), Armstrong Crickets Georgia (U.S.), TEBRIO (Formerly MealFood Europe SL) (Spain), Tebrito AB (Sweden), Entec Nutrition (U.K.), Invertapro AS (Norway), Keil Co., Ltd (South Korea), EntoBreed Farming BV (Netherlands), and Goterra (Australia).

Download For Free Sample PDF @ https://www.meticulousresearch.com/download-sample-report/cp_id=5264

Related Reports:

1. Animal Feed Probiotics Market by Source (Bacteria [Lactobacillus, Bifidobacterium, Streptococcus thermophilus, Bacillus]), Animal Type (Poultry, Ruminants, Swine, Aquaculture, Pets, Other Animals), Form (Liquid), and Geography - Global Forecast to 2029
https://www.meticulousresearch.com/product/animal-feed-probiotics-market-5288

2.Insect Protein Market by Product (Whole Insect, Insect Powder, Insect Meal), Insect Type (Crickets, Black Soldier Fly, Mealworms), Application (Animal Feed, Protein Bar & Shakes, Bakery, Confectionery, Beverages), and Geography - Global Forecast to 2030
https://www.meticulousresearch.com/product/insect-protein-market-5267

Contact:
Mr. Khushal Bombe
Meticulous Market Research Inc.
1267 Willis St, Ste 200 Redding,
California, 96001, U.S.
USA: +1-646-781-8004
Europe : +44-203-868-8738
APAC: +91 744-7780008
Email- sales@meticulousresearch.com
Visit Our Website: https://www.meticulousresearch.com/
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research

About Us:

We are the trusted research partners for leading businesses around the world, providing market intelligence focused towards building revenue transformation strategies. Our research is used by Fortune 500 organizations to attain success by scouting next generation revenue opportunities well ahead of their competition.

This release was published on openPR.