Demand for Edible Insects for Animal Feed Market by 2031

𝐄𝐝𝐢𝐛𝐥𝐞 𝐈𝐧𝐬𝐞𝐜𝐭𝐬 𝐟𝐨𝐫 𝐀𝐧𝐢𝐦𝐚𝐥 𝐅𝐞𝐞𝐝 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 𝟐𝟎𝟑𝟏

• The global edible insects for animal feed market was valued at US$ 5.03 Bn in 2022
• The market is anticipated to grow at a CAGR of 38.9% from 2022 to 2031
• The global edible insects for animal feed market is expected to reach US$ 96.82 Bn by the end of 2031

𝐆𝐞𝐭 𝐏𝐃𝐅 𝐬𝐚𝐦𝐩𝐥𝐞 𝐟𝐨𝐫 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐚𝐧𝐝 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐜𝐞 @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=78554

𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰 𝐨𝐟 𝐆𝐥𝐨𝐛𝐚𝐥 𝐄𝐝𝐢𝐛𝐥𝐞 𝐈𝐧𝐬𝐞𝐜𝐭𝐬 𝐟𝐨𝐫 𝐀𝐧𝐢𝐦𝐚𝐥 𝐅𝐞𝐞𝐝 𝐌𝐚𝐫𝐤𝐞𝐭

Substantial growth in demand for edible insects in poultry and aquaculture industries, increase in production capacity, and high rate of investments are boosting the edible insects for animal feed market. High nutritional value, minimal space requirements, and low environmental impact are some of the other key factors driving the market.

𝐄𝐧𝐪𝐮𝐢𝐫𝐲 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 @ https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=78554

Trends in the edible insects for animal feed market indicate an increase in prices of conventional aquaculture feed ingredients. Hence, fish farmers are seeking cost-efficient sources of protein such as insect meal. Demand for insect meal as an effective solution to fish feed ingredients is high owing to its high nutritive value, lower production and processing costs, as well as lower impact on the environment. Manufacturers are increasingly concentrating on expanding their product portfolio in order to cater to the growing demand from fish farms. This can be achieved by sourcing the best edible insects for animal feed products.

𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞 𝐢𝐧 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧 𝐂𝐚𝐩𝐚𝐜𝐢𝐭𝐲 𝐚𝐧𝐝 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭𝐬 𝐢𝐧 𝐈𝐧𝐬𝐞𝐜𝐭-𝐛𝐚𝐬𝐞𝐝 𝐀𝐧𝐢𝐦𝐚𝐥 𝐅𝐞𝐞𝐝 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐬 𝐭𝐨 𝐁𝐨𝐨𝐬𝐭 𝐌𝐚𝐫𝐤𝐞𝐭

The cost incurred for the production of insect-based feed products is very low at the initial stage. Demand for edible insects is rising. Therefore, manufacturers are planning to or are in the process of increasing their production capacities. Investors are recognizing the lucrative prospects of insect-based animal feed products. For instance, AgriProtein invested in a new production facility in California, which has an annual production capacity of 4,000 tons of edible insects. Nutrition Technologies raised US$ 8.5 Mn from SEEDS Capital (the investment arm of Enterprise Singapore), Openspace Ventures, and angel investors. This would allow the company to increase its production capacity for edible insects. Thus, edible insect food for animals is emerging as a profitable market for stakeholders.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 @ https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=78554

𝐒𝐮𝐢𝐭𝐚𝐛𝐥𝐞 𝐀𝐥𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐯𝐞 𝐭𝐨 𝐇𝐢𝐠𝐡-𝐜𝐨𝐬𝐭 𝐂𝐨𝐧𝐯𝐞𝐧𝐭𝐢𝐨𝐧𝐚𝐥 𝐏𝐫𝐨𝐭𝐞𝐢𝐧 𝐒𝐨𝐮𝐫𝐜𝐞𝐬 𝐭𝐨 𝐀𝐮𝐠𝐦𝐞𝐧𝐭 𝐃𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐄𝐝𝐢𝐛𝐥𝐞 𝐈𝐧𝐬𝐞𝐜𝐭𝐬 𝐟𝐨𝐫 𝐀𝐧𝐢𝐦𝐚𝐥 𝐅𝐞𝐞𝐝

Plant-based proteins such as wheat protein, potato protein, several other grain proteins, and animal-based proteins such as fish oil and fish meal are the conventional nutrition sources for animals. Meat meal, fishmeal, and soybean meal represent around 60% to 70% of the production cost, which makes these alternatives quite costlier than insect-based protein products. Therefore, many end-consumers are turning toward insect-based animal feed as a cheaper and alternative source.

𝐕𝐢𝐞𝐰 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 @ https://www.transparencymarketresearch.com/edible-insects-for-animal-feed-market.html

Insect-based protein is a low-cost protein source vis-à-vis plant-based and animal-based conventional protein sources. It helps reduce the total cost of animal nutrition. Hence, demand for insect-based protein is increasing across the globe. Rise in inclination toward the adoption of insect-based protein is anticipated to boost the global edible insects for animal feed market.

𝐀𝐛𝐨𝐮𝐭 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

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𝐂𝐨𝐧𝐭𝐚𝐜𝐭:

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Transparency Market Research Inc.
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