Insect Animal Feed Market Size, Growth, In-depth Analysis, Research Report Forecast up to 2028: Enviroflight and HiPromine are key players.

Insect Animal Feed Market is expected to grow at a CAGR of 45.45% to reach a market size worth US$18202.35 million by 2028.

The prime factors propelling the growth of the insect animal feed market are the increasing production capacity and R&D in insect-based animal feed products.

As per the report, the market about insect animal feed market is expected to grow at a steady pace.

Several animals, including fish, wild birds, and free-range poultry, ingest the insects in their natural habitats, indicating that these creatures have evolved a taste and are accustomed to eating regularly. Thus, it showcases insect proteins as a potential source of commercial feed. Insects have bioactive components, including lauric acid, antimicrobial peptides, and chitin, which have immune-boosting characteristics. Their usage as innovative feed additives to promote gut health is growing, which has also piqued consumer interest-animals, whether pets or livestock, are given many insect species as food, even in aquaculture. Many insects can be used as aquaculture feed because of their nutritional composition, notably the high protein content, and insect feed is also an appropriate, affordable, and preferred source of protein for poultry. It is anticipated that the market will grow for insect animal feed over the forecast period due to farmers' upkeep of large poultry flocks and the use of insect feed in animal feed.

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The insect feed market has been categorized based on type, animal, and geography.

By type, the market has been classified based on crickets, locusts & grasshoppers, mealworms & silkworms, black soldier flies & house flies. Mealworms are expected to account for a significant share of this market. The major factors driving mealworm demand are their high nutritional content and minimal risk of zoonotic illnesses. Also, they provide an alternative to conventional animal protein sources that is more ecologically friendly.

Based on animals, the classification has been done into swine, poultry, aqua, and others. Aqua is expected to account for a sizable share of the market for insect animal feed. Various factors often impact the demand for insects used as food changes. Notably, a survey from the International Platform of Insects for Food and Feed (IPIFF) revealed that with the acceptance of insect-derived processed animal proteins (PAPs) in aquaculture, the aquafeed sector had become the main focus for food business operators (FBOs).

By region, Asia Pacific is expected to retain a considerable market share due to the growing market for items derived from insects for livestock management and animal nutrition. Industries, including pet food and feed, livestock, and aquaculture, are growing in Asia, benefiting the insect animal feed market.

Major players operating in the insect animal feed market are Protix, Alltech, Ynsect, Aspire Food Group, Enviroflight, Entomo Farms, Innovafeed, HiPromine HEXAFLY, and Cargill Incorporated.

This insect animal feed market has been analyzed into the following segments:

• By Type

o Crickets, Locusts & Grasshoppers
o Mealworms & Silkworms
o Black Soldier Flies & House Flies

• By Animal

o Swine
o Poultry
o Aqua
o Others

• By Geography

o Americas

• USA
• others

o Europe

• Germany
• France
• United Kingdom
• Others

o Middle East and Africa

o Asia Pacific
• China
• India
• Japan
• South Korea
• Others

Related Report:

• https://www.knowledge-sourcing.com/report/animal-feed-market
• https://www.knowledge-sourcing.com/report/feed-processing-market
• https://www.knowledge-sourcing.com/report/feed-additives-market
• https://www.knowledge-sourcing.com/report/swine-feed-market
• https://www.knowledge-sourcing.com/report/animal-feed-antioxidants-market

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This release was published on openPR.