Press release
Global Edible Insects for Animal Feed Market Outlook 2031: Revolutionizing Animal Nutrition with USD 96.82 Billion Forecast by 2031 | TMR
The global edible insects for animal feed market is experiencing explosive growth, driven by the rising demand for sustainable, cost-effective, and nutritionally rich protein sources for animal feed. Valued at US$ 5.03 billion in 2022, the market is projected to surge at a CAGR of 38.9% during the forecast period, reaching an impressive US$ 96.82 billion by 2031. This robust growth is attributed to increasing investments, advancements in insect-based feed production, and a shift toward environmentally friendly alternatives to conventional feed ingredients. Below is a comprehensive analysis of this thriving 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.
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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.
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