Press release
Edible Insects for Animal Feed Market Size & Share to See Modest Growth Through 2031
The latest research report published by Transparency Market Research on the global market for edible insects for animal feed such as Europe, North America, Latin America, Oceania, East Asia, South Asia, Middle East & Africa industry analysis and growth opportunity assessment for 2021-2031. Europe holds the value share of 36.3% of the edible insects for animal feed market, which is estimated to value US$ 1.3 Bn in 2021, and it is anticipated to grow at a CAGR of 38.3% to reach US$ 22.8 Bn by 2031.
๐๐๐๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ - https://www.transparencymarketresearch.com/edible-insects-for-animal-feed-market.html
๐๐๐ง๐ฎ๐๐๐๐ญ๐ฎ๐ซ๐๐ซ๐ฌ ๐๐ง๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐ง๐ ๐๐ง๐-๐ฎ๐ฌ๐ ๐๐ฉ๐๐๐ข๐๐ข๐ ๐ ๐๐๐ญ๐ฎ๐ซ๐๐ฌ
Edible insects for animal feed have a specific application in various end-use industries. The utilization and characteristics of edible insect-based products are specified based on these industries. When it comes to end-use-specific features, the functionality and constituents are the most critical considerations.
Manufacturers produces end-use-specific products with the appropriate functionality for effective results, owing to the variety of insect-based products' applications in various end-use applications. Thus, the range of eating bug applications increases in other end-use sector, and the demand for end-use-specific edible worms, as well as their products, is expected to increase globally.
๐๐๐ญ ๐๐๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ซ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐๐ง๐ ๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ ๐๐ง๐ญ๐๐ฅ๐ฅ๐ข๐ ๐๐ง๐๐ - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=78554
Live or dried insect larvae are utilized as nutritious food in chicken farming, while insect-based protein powder is used as an animal feed addition for extra protein requirements.
๐๐ง๐๐ซ๐๐๐ฌ๐ข๐ง๐ ๐๐ซ๐จ๐๐ฎ๐๐ญ๐ข๐จ๐ง ๐๐๐ฉ๐๐๐ข๐ญ๐ฒ ๐๐ง๐ ๐๐ง๐ฏ๐๐ฌ๐ญ๐ฆ๐๐ง๐ญ๐ฌ ๐ข๐ง ๐๐ง๐ฌ๐๐๐ญ-๐๐๐ฌ๐๐ ๐๐ง๐ข๐ฆ๐๐ฅ ๐ ๐๐๐ ๐๐ซ๐จ๐๐ฎ๐๐ญ๐ฌ
The initial investment necessary for companies to begin producing insect-based animal feed products is quite natural. As the demand for insect-based protein products grows, manufacturers focuses to raise their manufacturing capacity.
Insect-based animal feed products are proving a profitable business opportunity for investors. Such investments enable manufacturers to expand their production facilities in order to meet the global demand for alternative source of protein in animal diet. The demand for edible insects for animal feed is anticipated to rise as interest grows and manufacturers' production capacities expand.
AgriProtein invested in a new production facility in California, which has an annual production capacity of 4,000 tons. The Nutrition Technology Group invested in its Malaysia-based production facility with the aim to increase its production capacity. This investment increased the production capacity of the company by 1,000 tons per month.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ ๐๐๐ฌ๐๐๐ซ๐๐ก - https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=78554
๐๐ซ๐๐๐๐ซ๐๐ง๐๐ ๐จ๐ ๐๐ง๐ฌ๐๐๐ญ ๐ ๐๐๐ ๐จ๐ฏ๐๐ซ ๐๐จ๐ง๐ฏ๐๐ง๐ญ๐ข๐จ๐ง๐๐ฅ ๐ ๐๐๐
Fish meal is used for aquaculture farming, and other types of meat are used in pet feed. The cost of these types of feed is very high, and edible insects are a cheaper alternative for manufacturers of fish feed. These factors are influencing the buying behavior of customers and players in the aquaculture industry, and ultimately, they show an inclination toward use of insect-based products for animal feed. This has increased the popularity of edible insects for animal feed, especially in Europe and North America. The rising popularity of edible insects is anticipated to boost the growth of the edible insects for animal feed market across the globe.
๐๐ซ๐ ๐๐ง๐ข๐ ๐ ๐๐๐ ๐๐ง๐ ๐ซ๐๐๐ข๐๐ง๐ญ๐ฌ ๐ญ๐จ ๐๐๐ข๐ง ๐๐ซ๐๐๐ญ๐ข๐จ๐ง
Consumers are more aware of the benefits of utilizing organic products lead to increase in the demand for organic products in the feed industry that offers growth opportunities for edible insect growers and insect protein producers to provide high-quality standard products.
Insect farmers and insect protein manufacturers focus on best practices for organic insect farming by which they can offer organic bug feed that meets quality standards and norms.
According to the Green Deal of EU, a set of EU regulatory and policy guidelines to relate both boosting the green economy and environment-friendly practices has been set up. The deal includes a legal target to increase organic animal feed production by 25% in the EU by the end of 2030.
๐๐๐ค๐ ๐๐ง ๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ - https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=78554
๐๐ฅ๐จ๐๐๐ฅ ๐๐๐ข๐๐ฅ๐ ๐๐ง๐ฌ๐๐๐ญ๐ฌ ๐๐จ๐ซ ๐๐ง๐ข๐ฆ๐๐ฅ ๐ ๐๐๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง
Edible Insects for Animal Feed Market by Insects Type
Black Soldier Fly
Orthopteran
Housefly
Silkworm
Mealworm
Others
Edible Insects for Animal Feed Market by Product Type
Meal (Powder)
Oil
Whole (Dried Insects)
Edible Insects for Animal Feed Market by End-Use
Livestock
Poultry
Swine
Pet Food
Aquaculture
Edible Insects for Animal Feed Market by Region
North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East & Africa
๐๐๐จ๐ฎ๐ญ ๐๐ซ๐๐ง๐ฌ๐ฉ๐๐ซ๐๐ง๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports
๐๐จ๐ง๐ญ๐๐๐ญ
Rohit Bhisey
Transparency Market Research Inc.
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