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

04-22-2024 11:16 AM CET | Food & Beverage

Press release from: Polaris Market Research

Black Soldier Fly Market

Black Soldier Fly Market

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.

๐—š๐—ฒ๐˜ ๐—™๐—ฟ๐—ฒ๐—ฒ ๐—˜๐˜…๐—ฐ๐—น๐˜‚๐˜€๐—ถ๐˜ƒ๐—ฒ ๐—ฃ๐——๐—™ ๐—ฆ๐—ฎ๐—บ๐—ฝ๐—น๐—ฒ ๐—–๐—ผ๐—ฝ๐˜† ๐—ผ๐—ณ ๐—ง๐—ต๐—ถ๐˜€ ๐—ฅ๐—ฒ๐˜€๐—ฒ๐—ฎ๐—ฟ๐—ฐ๐—ต ๐—ฅ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜ @

๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐—œ๐—ป๐˜๐—ฟ๐—ผ๐—ฑ๐˜‚๐—ฐ๐˜๐—ถ๐—ผ๐—ป

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.

๐—š๐—ฟ๐—ผ๐˜„๐˜๐—ต ๐——๐—ฟ๐—ถ๐˜ƒ๐—ฒ๐—ฟ๐˜€

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.

๐‘ฉ๐’–๐’š ๐’•๐’‰๐’Š๐’” ๐‘ท๐’“๐’†๐’Ž๐’Š๐’–๐’Ž ๐‘น๐’†๐’”๐’†๐’‚๐’“๐’„๐’‰ ๐‘น๐’†๐’‘๐’๐’“๐’• @

๐—–๐—ผ๐—บ๐—ฝ๐—ฒ๐˜๐—ถ๐˜๐—ถ๐˜ƒ๐—ฒ ๐—œ๐—ป๐˜€๐—ถ๐—ด๐—ต๐˜๐˜€

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.

๐—ฆ๐—ผ๐—บ๐—ฒ ๐—ผ๐—ณ ๐˜๐—ต๐—ฒ ๐—บ๐—ฎ๐—ท๐—ผ๐—ฟ ๐—ฝ๐—น๐—ฎ๐˜†๐—ฒ๐—ฟ๐˜€ ๐—ผ๐—ฝ๐—ฒ๐—ฟ๐—ฎ๐˜๐—ถ๐—ป๐—ด ๐—ถ๐—ป ๐˜๐—ต๐—ฒ ๐—ด๐—น๐—ผ๐—ฏ๐—ฎ๐—น ๐—บ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐—ถ๐—ป๐—ฐ๐—น๐˜‚๐—ฑ๐—ฒ:

โ€ข AgriProtein
โ€ข Bioflytech
โ€ข Enterra Feed Corporation
โ€ข Entofood
โ€ข Entobel Holding
โ€ข EnviroFlight
โ€ข F4F
โ€ข Hexafly
โ€ข InnovaFeed
โ€ข nextProtein
โ€ข Nutrition Technologies Group
โ€ข Protenga
โ€ข Protix B.V.
โ€ข 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)
โ€ข Protein Meal
โ€ข Biofertilizers (Frass)
โ€ข Whole Dried Larvae
โ€ข Larvae Oil
โ€ข Others (Live, Larvae, Adult, Cocoon, & Pupa)

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

๐๐ซ๐จ๐œ๐ฎ๐ซ๐ž ๐‚๐จ๐ฆ๐ฉ๐ฅ๐ž๐ญ๐ž ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ @

๐—•๐—น๐—ฎ๐—ฐ๐—ธ ๐—ฆ๐—ผ๐—น๐—ฑ๐—ถ๐—ฒ๐—ฟ ๐—™๐—น๐˜† ๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐—ฅ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜ ๐—›๐—ถ๐—ด๐—ต๐—น๐—ถ๐—ด๐—ต๐˜๐˜€

โ€ข Protein Meal segment is anticipated to witness the highest growth in the coming years due to its capabilities in providing healthy feed for animals.
โ€ข Animal Feed segment accounted for the largest market share owing to its cost effectiveness compared to other options.
โ€ข 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.
โ€ข Europe is expected to have the fastest growth owing to the shift in consumer preferences towards sustainable proteins.
โ€ข The global players include AgriProtein, Bioflytech, Entofood, Nutrition Technologies Group, Protenga, Protix B.V. & Sfly.

๐™ˆ๐™ค๐™ง๐™š ๐™๐™ง๐™š๐™ฃ๐™™๐™ž๐™ฃ๐™œ ๐™๐™š๐™ฅ๐™ค๐™ง๐™ฉ๐™จ ๐™—๐™ฎ ๐™‹๐™ค๐™ก๐™–๐™ง๐™ž๐™จ ๐™ˆ๐™–๐™ง๐™ ๐™š๐™ฉ ๐™๐™š๐™จ๐™š๐™–๐™ง๐™˜๐™:

Food Safety Testing Market
Alcoholic Beverages Market
Cheese Powder Market
Baking Ingredients Market
L-Carnitine Market

๐—–๐—ผ๐—ป๐˜๐—ฎ๐—ฐ๐˜ ๐—จ๐˜€:

Polaris Market Research

Phone: +1-929-297-9727


๐—”๐—ฏ๐—ผ๐˜‚๐˜ ๐—จ๐˜€:

Polaris Market Research is a worldwide market research and consulting organization.
We give unmatched nature of offering to our customers present all around the globe across industry verticals.
Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.
We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation,
next-gen technologies, semiconductors, chemicals, automotive, and aerospace & defense, among different ventures present globally.

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