Press release
Global Edible Insects for Animal Feed Market Outlook 2031: Revolutionizing Animal Nutrition with USD 96.82 Billion Forecast by 2031 | TMR
Edible Insects for Animal Feed Market
Access an overview of significant conclusions from our Report in this sample - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=78554
Market Size and Growth
The global edible insects for animal feed market is on a trajectory of unprecedented growth. From a valuation of US$ 5.03 billion in 2022, the market is expected to expand at a CAGR of 38.9% over the forecast period. By 2031, the market is anticipated to achieve a staggering size of US$ 96.82 billion.
Several factors contribute to this rapid growth:
Low Production Costs: Insect farming requires minimal space, water, and feed compared to traditional protein sources, significantly lowering production expenses.
Sustainability: Insects offer a sustainable protein alternative with reduced greenhouse gas emissions and waste compared to conventional feed sources.
High Nutritional Value: Rich in protein, amino acids, and essential nutrients, insects like mealworms and black soldier flies provide a superior feed option for animals.
Competitive Landscape
The edible insects for animal feed market is characterized by intense competition among a mix of multinational corporations and innovative startups. Leading players such as AgriProtein Holdings Ltd., Ynsect, Protix, InnovaFeed, and EnviroFlight, LLC dominate the market with significant investments in R&D and production technologies.
Key trends in the competitive landscape include:
Expansion of Production Facilities: Companies are increasing their production capacity to meet growing demand. For example, AgriProtein's facility in California produces 4,000 tons of edible insects annually.
Targeted Product Development: Manufacturers are focusing on customized solutions for aquaculture and livestock feed, leveraging the unique nutritional profiles of various insect species.
Investment and Collaboration: The market has seen substantial investment inflows, such as Nutrition Technologies' US$ 8.5 million funding, aimed at scaling production capabilities.
Market Segmentation
Insect Types
Mealworms dominate the market, accounting for 51.6% of the share in 2022. Their high nutritional value and lower risk of zoonotic diseases make them an attractive choice. Additionally, waste generated by animals fed on mealworms can be used as organic fertilizer, adding further value.
Product Types
The meal (powder) segment leads the market with a share of 45.2% in 2022. It is projected to grow at a CAGR of 42.0% during the forecast period, driven by its acceptance as a sustainable feed alternative for poultry and aquaculture industries.
Review our report to gain deeper insights and understanding - https://www.transparencymarketresearch.com/edible-insects-for-animal-feed-market.html
Regional Analysis
Europe
Europe held the largest share of 34.5% of the global market in 2022, driven by the region's progressive regulatory framework and high demand for sustainable feed in the livestock and aquaculture sectors. Recent legal relaxations allowing the use of insect protein in pig, poultry, and fish feed have further fueled market growth.
North America
North America accounted for approximately 33.0% of the global market in 2022, with significant growth observed in mealworms, black soldier flies, and orthoptera-based feed products. The region benefits from strong investments and advancements in insect farming technologies.
Middle East & Africa and Latin America
While the Middle East & Africa currently holds a higher market share than Latin America, the latter is anticipated to grow at a faster pace during the forecast period. This growth can be attributed to increasing awareness and adoption of insect-based feed in livestock farming.
More Trending Reports by Transparency Market Research -
Apple Sauce Market: https://www.transparencymarketresearch.com/applesauce-market.html
Castor Oil Market: https://www.transparencymarketresearch.com/castor-oil-market.html
About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact:
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Email: sales@transparencymarketresearch.com
Follow Us: LinkedIn| Twitter| Blog | YouTube
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Edible Insects for Animal Feed Market Outlook 2031: Revolutionizing Animal Nutrition with USD 96.82 Billion Forecast by 2031 | TMR here
News-ID: 3791445 • Views: …
More Releases from Transparency Market Research
Global Solar Powered Agricultural Dryer Market to Exceed USD 2.4 Billion by 2031 …
The global solar powered agricultural dryer market, valued at US$ 1.6 billion in 2022, is projected to grow at a CAGR of 5.8% from 2023 to 2031, reaching US$ 2.4 billion by the end of 2031. Rising investments in renewable energy, growing awareness of sustainable agricultural practices, and the rapid expansion of the agricultural sector driven by population growth are key factors fueling market growth.
Uncover essential discoveries and trends from…
Technetium-99m Market Forecast 2034: Rising Demand for Diagnostic Imaging and Ra …
The global Technetium‐99m Market was valued at US$ 6.0 Billion in 2023 and is projected to grow at a CAGR of 3.3% from 2024 to 2034, surpassing US$ 8.6 Billion by the end of the forecast period. Advancements in nuclear imaging infrastructure, government-backed healthcare initiatives, and an increasing demand for precise diagnostic procedures are fueling this growth.
Discover essential conclusions and data from our Report in this sample -
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=77100
Analysts' Viewpoint
The Technetium‐99m…
Equine Diagnostic Services Market Outlook 2030: From US$ 168 Million in 2019 to …
The global Equine Diagnostic Services Market, valued at approximately US$ 168 million in 2019, is projected to expand at a compound annual growth rate (CAGR) of ~5% from 2020 to 2030, reaching around US$ 280 million by 2030. Equine diagnostic services, encompassing tests like genetic, infectious disease, and imaging diagnostics, are critical for managing horse health in veterinary hospitals, clinics, and mobile settings. The market is driven by increasing equine…
Digital Printing Market to Reach USD 54.4 Billion by 2034, Growing at a CAGR of …
The digital printing market is experiencing strong growth, driven by rapid technological advancements, rising demand for personalized and on-demand printing, and an increasing focus on sustainable solutions. Digital printing allows for the direct transfer of digital files onto a wide range of substrates, offering high-resolution output with greater speed and flexibility. Its adaptability has led to broad adoption across industries such as packaging, textiles, publishing, and advertising-sectors where customization, efficiency,…
More Releases for Insect
Insect-based Ingredients Market Booming Worldwide With Leading - Insect, Protix, …
DataM Intelligence has published a new research report on "Insect-based Ingredients Market Size 2024". The report explores comprehensive and insightful Information about various key factors like Regional Growth, Segmentation, CAGR, Business Revenue Status of Top Key Players and Drivers. The purpose of this report is to provide a telescopic view of the current market size by value and volume, opportunities, and development status.
Get a Free Sample Research PDF -…
Insect Repellent Apparel Market Analysis, Research Study With ExOfficio, LLC, In …
Insect Repellent Apparel Market research is an intelligence report with meticulous efforts undertaken to study the right and valuable information. The data which has been looked upon is done considering both, the existing top players and the upcoming competitors. Business strategies of the key players and the new entering market industries are studied in detail. Well explained SWOT analysis, revenue share and contact information are shared in this report analysis.
The…
Insect Protein Market by Insect Type, Application, Region – Global Forecast to …
The insect protein market is projected to reach USD 4562 million by 2027, from USD 342.66 million in 2020, at a CAGR of 45% during the forecast period. The shift in consumer preferences toward insect protein instead of animal and dairy protein, owing to the rising concerns regarding sustainability and increased private and public support for the new protein sources in both developing and developed economies are some of the…
Body Worn Insect Repellent Market Overview On Product Performance 2030 | Insect …
Global Body Worn Insect Repellent Market – Overview
Rising dependency of users on insecticide products in order to avoid the risk of insect-borne diseases is expected to propel the growth of the body worn insect repellent market in the future. The body worn insect repellent market is widely fragmented. Large number of small, medium, and large companies operate in the market at the global and domestic level. Companies are focusing on…
Insect Growth Regulators Market Displays Higher Growth Inclinations during 2019 …
The new report on the insect growth regulators market provides estimations of the size of the global market and share and size of key regional markets during the historical period of 2019 – 2027. A rise in temperatures is leading to proliferation of insects and pests which in turn creates a highly conducive environment for growth of Insect Growth Regulators Market.Fact.MR forecasts that the global market for insect growth regulators…
Insect Repellent Market 2017 By Product Type: Body Worn Insect Repellent, Non Bo …
Albany, New York, June 16, 2017 : The rise in the number of insect-borne diseases is driving the growth of the insect repellent market in Europe. In order to protect themselves from diseases caused by mosquitoes or ticks, consumers prefer different insect repellent products such as apparels, oils and creams, and stickers and patches among others. According to the European Centre for Disease Prevention and Control, the changing climatic conditions…
