Black Soldier Fly Market Generating Revenue of $4.12 Billion By 2032, At a Booming 32.40% Growth Rate

Polaris Market Research has recently published its latest research report titled "Black Soldier Fly Market by Product Type (Protein Meal, Biofertilizers, Whole Dried Larvae, Larvae Oil, Others), Application, Region - Global Forecast to 2032." The study reveals that the market for black soldier fly was valued at USD 330.19 million in 2023 and is projected to grow to USD 4.12 billion By 2032. This industry is projected to exhibit a compound annual growth rate (CAGR) of 32.40% during the forecast period of 2024 to 2032.

𝗚𝗲𝘁 𝗙𝗿𝗲𝗲 𝗘𝘅𝗰𝗹𝘂𝘀𝗶𝘃𝗲 𝗣𝗗𝗙 𝗦𝗮𝗺𝗽𝗹𝗲 𝗖𝗼𝗽𝘆 𝗼𝗳 𝗧𝗵𝗶𝘀 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗥𝗲𝗽𝗼𝗿𝘁 @ https://www.polarismarketresearch.com/industry-analysis/black-soldier-fly-market/request-for-sample

𝗠𝗮𝗿𝗸𝗲𝘁 𝗜𝗻𝘁𝗿𝗼𝗱𝘂𝗰𝘁𝗶𝗼𝗻

The black soldier fly is a sleek-looking fly that belongs to the family Stratiomyidae. The origins of the fly can be traced back to South America. Nowadays, the black soldier fly is cosmopolitan, found across temperature climates of nations like Africa, Europe, Asia, and America. The name of the fly comes from adult flies, which bear a black color with metallic reflections. Black soldier flies are a good source of animal protein for both humans and animals as they contain a significant amount of protein in their dry state. Besides, these flies can feed on almost any organic waste, making them an apt choice for dealing with discarded foods and agricultural wastes. The larvae of black soldier flies are a good feed source for poultry, fish, and pigs. Also, they can be given to pets like dogs. Furthermore, these flies present significant potential for human consumption.

𝗚𝗿𝗼𝘄𝘁𝗵 𝗗𝗿𝗶𝘃𝗲𝗿𝘀

Black soldier fly larvae are renowned for their exceptional quality in transforming organic waste. These flies can ingest a variety of organic waste, which includes food waste, animal dung, municipal organic waste, and crop straw. Also, black solider flies can't spread diseases or parasites when utilized in feed, though they consume garbage and rotten food. The numerous environmental benefits of these files are anticipated to drive the black soldier fly market sales in the upcoming years.

𝑩𝒖𝒚 𝒕𝒉𝒊𝒔 𝑷𝒓𝒆𝒎𝒊𝒖𝒎 𝑹𝒆𝒔𝒆𝒂𝒓𝒄𝒉 𝑹𝒆𝒑𝒐𝒓𝒕 @ https://www.polarismarketresearch.com/buy/2922/2

𝗖𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀

The market for black soldier files is projected to witness competition owing to the rise in key strategic developments such as acquisitions, mergers, and collaborations.

𝗦𝗼𝗺𝗲 𝗼𝗳 𝘁𝗵𝗲 𝗺𝗮𝗷𝗼𝗿 𝗽𝗹𝗮𝘆𝗲𝗿𝘀 𝗼𝗽𝗲𝗿𝗮𝘁𝗶𝗻𝗴 𝗶𝗻 𝘁𝗵𝗲 𝗴𝗹𝗼𝗯𝗮𝗹 𝗺𝗮𝗿𝗸𝗲𝘁 𝗶𝗻𝗰𝗹𝘂𝗱𝗲:

• AgriProtein
• Bioflytech
• Enterra Feed Corporation
• Entofood
• Entobel Holding
• EnviroFlight
• F4F
• Hexafly
• InnovaFeed
• nextProtein
• Nutrition Technologies Group
• Protenga
• Protix B.V.
• Sfly

Polaris Market Research has segmented the black soldier fly market report based on product type, application, and region:

Black Soldier Fly, Product Type Outlook (Revenue - USD Billion, 2019 - 2032)
• Protein Meal
• Biofertilizers (Frass)
• Whole Dried Larvae
• Larvae Oil
• Others (Live, Larvae, Adult, Cocoon, & Pupa)

Black Soldier Fly, Application Outlook (Revenue - USD Billion, 2019 - 2032)
• Animal Feed
• Agriculture
• Pet Food
• Others

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰 @ https://www.polarismarketresearch.com/industry-analysis/black-soldier-fly-market

𝗕𝗹𝗮𝗰𝗸 𝗦𝗼𝗹𝗱𝗶𝗲𝗿 𝗙𝗹𝘆 𝗠𝗮𝗿𝗸𝗲𝘁 𝗥𝗲𝗽𝗼𝗿𝘁 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀

• Protein Meal segment is anticipated to witness the highest growth in the coming years due to its capabilities in providing healthy feed for animals.
• Animal Feed segment accounted for the largest market share owing to its cost effectiveness compared to other options.
• APAC is projected to register the largest growth rate in the study period owing to growing waste in the region and sustainable waste management initiatives.
• Europe is expected to have the fastest growth owing to the shift in consumer preferences towards sustainable proteins.
• The global players include AgriProtein, Bioflytech, Entofood, Nutrition Technologies Group, Protenga, Protix B.V. & Sfly.

𝙈𝙤𝙧𝙚 𝙏𝙧𝙚𝙣𝙙𝙞𝙣𝙜 𝙍𝙚𝙥𝙤𝙧𝙩𝙨 𝙗𝙮 𝙋𝙤𝙡𝙖𝙧𝙞𝙨 𝙈𝙖𝙧𝙠𝙚𝙩 𝙍𝙚𝙨𝙚𝙖𝙧𝙘𝙝:

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𝗖𝗼𝗻𝘁𝗮𝗰𝘁 𝗨𝘀:

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