Beneficial Insects Market for Sustainable Agriculture Nature's Tiny Allies: The Booming

Beneficial Insects Market

Beneficial Insects Market to reach over USD 2.18 million by the year 2031 - Exclusive Report by InsightAce Analytic

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Beneficial Insects Market Size, Share & Trends Analysis Report By Application (Crop protection, Crop production), Type (Predators, Parasitoids, Pathogens, and Pollinators), Crop Type (Fruits & Vegetables, Flowers & Ornamentals, and Grains & Pulses), Region, Market Outlook And Industry Analysis 2031"

The global Beneficial Insects market is estimated to reach over USD 2.18 billion by 2024-2031, exhibiting a CAGR of 12.25% during the forecast period.

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Beneficial insects are much more than just creepy crawlies; they're vital contributors to sustainable agriculture, organic food production, and healthy ecosystems. These industrious creatures provide a multitude of services that benefit agricultural, horticultural, and other natural environments:

• Pollination Powerhouses: Beneficial insects, particularly bees, are the backbone of plant pollination. They ensure the reproduction of crops and flowering plants, playing a critical role in food production.

• Natural Pest Control: Acting as biological pest controllers, beneficial insects prey on or parasitize harmful insects. This natural approach reduces reliance on chemical pesticides, protecting human health and the environment.

• Ecosystem Enhancers: Beneficial insects contribute to a richer ecological balance. By promoting biodiversity and overall ecosystem health, they create a thriving environment for all living things.
The global beneficial insect market encompasses their production, trade, and application for diverse purposes:

• Agricultural Solutions: Farmers are increasingly turning to beneficial insects for biological pest management. This sustainable approach minimizes reliance on chemical alternatives and creates a healthier agricultural ecosystem.

• Horticultural Applications: Gardeners are embracing the benefits of these natural pest controllers in their gardens and landscaping, fostering healthier and more vibrant personal spaces.

• Ecological Restoration: Beneficial insects play a crucial role in restoring ecological balance in disturbed environments. Their presence helps rebuild healthy ecosystems after deforestation, pollution, or other environmental disruptions.
The demand for beneficial insects is driven by several key factors:

• Growing Awareness of Sustainability: Consumers and producers alike are becoming increasingly aware of the importance of sustainable practices in agriculture and food production. Beneficial insects offer a natural and effective solution that aligns with these values.

• Harmful Effects of Pesticides: The rise of environmental concerns regarding chemical pesticides fuels the demand for natural alternatives like beneficial insects. By reducing reliance on chemicals, we can protect human health, safeguard the environment, and promote biodiversity.

• Organic Food Movement: The organic food movement thrives on natural pest control solutions. Beneficial insects are a perfect fit for organic farming practices, ensuring that organic food production remains truly sustainable.
Beneficial insects come in a variety of forms, each with its own role to play:

• Predators: Ladybugs, lacewings, and praying mantises are some examples of predatory beneficial insects that actively hunt and consume harmful pests. Their presence helps to control pest populations naturally.

• Parasites: Wasps and certain fly species act as parasites, laying their eggs within the bodies of pest insects. This effectively controls pest populations without harming the broader ecosystem.

• Pollinators: Bees, butterflies, and certain flies ensure the fertilization of plants, leading to increased crop yields and biodiversity. By facilitating plant reproduction, these beneficial insects play a vital role in the food chain.
Looking Ahead:
The beneficial insects market is poised for continued growth in the coming years, fueled by:

• Technological Advancements: Innovations in insect rearing and distribution methods are expected to enhance efficiency and affordability. This will make beneficial insects a more accessible and cost-effective solution for farmers and gardeners.

• Government Regulations: Stricter regulations on chemical pesticide use could further propel the market for natural pest control solutions. As governments prioritize environmental protection, beneficial insects are likely to become an increasingly attractive alternative.

This report delves into the exciting world of beneficial insects, exploring their role in sustainable agriculture, organic food production, and environmental health. It analyzes the drivers and challenges of the beneficial insects market, providing valuable insights for businesses, farmers, and consumers alike. By embracing the power of these tiny allies, we can cultivate a greener future for our planet and our food systems.

List of Prominent Players in the Beneficial Insects Market:
• Bugs For Bugs (Australia)
• Rincon-Vitova Insectaries (US)
• Harmony Farm Supply & Nursery (US)
• FAR INC (US)
• Organic Control, Inc. (US)
• Eco Bugs India Private Limited (India)
• Applied Bionomics Ltd (Canada)
• Biobest Group NV (Belgium)
• Bioline AgroSciences Ltd (UK)
• Fargro Limited (UK)
• Andermatt Group AG (Switzerland)
• ARBICO Organics (US)
• BioBee Ltd (Israel)
• BIONEMA (UK)
• Koppert (Netherlands)
• Tip Top Bio-Control (US)
• Evergreen Growers Supply, LLC (US)
• Anatis Bioprotection (Canada)
• GrowLiv Biologicals (Canada)
• Planet Natural (US)
• Natural Pest Controls (US)
• KUNAFIN (US)
• IPM Laboratories, Inc. (US)
• Nature's Control (US)
• Associates Insectary (US)

Market Dynamics:
Drivers-
One of the essential aspects fueling the growth of the market for beneficial insects is the rise in environmental concerns worldwide. The increased demand for pest-specific biocontrol agents and the increased focus on agricultural productivity and better food grain quality are driving the market's expansion.

The growth in regulatory demands and negative impacts associated with synthetic plant protectants, as well as the increased usage of beneficial insects to combat pests and other bacteria that may harm crops naturally, all impact the market. Additionally, the market for beneficial insects is positively impacted by the growing trends in organic farming, precision farming, and investment.

Challenges:
Unlike traditional animal feed products, the insect feed industry faces problems like commercial-scale production. However, due to the market's increasing demand on a global scale, significant factors, such as new investments by private venture capital (VC) firms in the insect feed market, were identified over the study period. For instance, KeyyakVenture, a venture capital firm based in Chile, invested USD 4.5 million in Food for the Future (F4F), a start-up that produces insect feed and is based in Chile,

in June 2021. As a result, the increasing investments made by major VC firms show their support for strengthening this sector. The insect feed market is also driven by insects' high feed conversion ratio, little spatial needs, favourable regulatory framework, etc.

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Regional Trends:
The North America Beneficial Insects market is expected to register a major market share and is projected to expand at a high CAGR shortly. The largest producer and consumer of beneficial insects worldwide is found in North America. On the other hand, Latin America is anticipated to experience the fastest increase during the forecast period. Additionally, Europe is a significant market for beneficial insects, accounting for more than one-third of global demand. Beneficial pesticides are also being used more frequently in a variety of areas in the Middle East, Africa, and Asia Pacific.

Recent Developments:

• In September 2022, Aspire Food Group, a Canadian company famous for its cutting-edge insect agricultural and Food Technology, and Lotte Confectionery, a leading South Korean snack and ice cream manufacturer, signed an MOU to collaborate in the fields of protein alternatives and edible insects.

• In April 2022, 18 edible insect businesses received services worth EUR 460,000 (USD 496,600) from the ValuSect consortium of European insect manufacturers. The chosen companies will receive assistance from knowledgeable partners as they develop their cutting-edge concepts, which will increase insect production and consumer acceptance in North-West Europe.

Segmentation of Beneficial Insects Market-
By Type-

• Parasitoids
• Pollinators
• Pathogens
• Predators

By Crop Type

• Flowers & Ornamentals
• Fruits & Vegetables
• Grains And Pulses

By Application-

• Crop Production
• Crop Protection

By Region-
North America-

• The US
• Canada
• Mexico

Europe-

• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe

Asia-Pacific-

• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific

Latin America-
• Brazil
• Argentina
• Rest of Latin America

Middle East & Africa-

• GCC Countries
• South Africa
• Rest of Middle East and Africa

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This release was published on openPR.