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The Middle East & Africa Black Soldier Fly Market to Reach $47.88 Million by 2033-Exclusive Report by Meticulous Research®
According to a new market research report titled, 'Middle East & Africa Black Soldier Fly Market by Product (Protein Meals, Whole Dried Larvae, Biofertilizers (Frass), Larvae Oil, Other BSF Products); Application (Animal Feed, Agriculture, Pet food, Other Applications); and Country - Forecasts to 2033' the Middle East & Africa black soldier fly market is projected to reach $47.88 Million by 2033, at a CAGR of 20.2% during the forecast period.Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5649
The growth of the Middle East & Africa black soldier fly market is mainly attributed to the high willingness of feed processors and farmers to integrate insects in their feeds, increasing demand from the animal feed industry for alternative proteins due to rising prices of fish and soy meal, and growing aquaculture industry.
However, limited acceptance and approvals for BSFL to be incorporated into the human diet are expected to hinder the growth of this market to some extent.
The Middle East & Africa black soldier fly market is segmented by product (whole dried larvae, oil, protein meals, and biofertilizers (frass), and other BSF products), by application (agriculture, animal feed, pet food, and other applications), and geography (Saudi Arabia, United Arab Emirates (UAE), South Africa, and Rest of the Middle East & Africa). The study also evaluates industry competitors and analyzes the market at country levels.
Among all the products studied in this report, the protein meals segment is slated to register the highest CAGR during the forecast period. The rapid growth of this segment is attributed to increasing demand for protein meals from the animal feed industry, increased fish meal & soy meal prices, and government support & approval for an insect meal to be used in animal feed.
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Among all the applications studied in this report, the animal feed segment is expected to account for the largest share of the Middle East & Africa black soldier fly market. The large share of this segment is mainly attributed to the growing demand for meat products and subsequent increase in the demand for protein-rich animal feed, rising soy meal prices, and high adoption of BSF meal in the animal feed industry.
The Middle East & Africa black soldier fly market has witnessed several product launches, partnerships, agreements, and collaborations in recent years. The key players operating in the Middle East & Africa black soldier fly market are BioflyTech (Spain), Entoprotech Ltd (Israel), PROTICYCLE (South Africa), KIMMY FARM (Vietnam), and NovFeed (T) Limited (Tanzania).
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About Meticulous Research®
Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.
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