According to a research report published by Spherical Insights & Consulting, Global Beneficial Insect Market Size Expected to Grow from USD 810 Million in 2023 to USD 2110 Million by 2033, at a CAGR of 10.05% during the forecast period 2023-2033.

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Beneficial insects are those that provide valuable services including pest control, pollination, decomposition, and nourishment (honey and silk). Beneficial insects protect plants, trees, shrubs, and landscapes as farmer populations grow, and they have a substantial economic benefit. Insects like honeybees and silkworms are beneficial in nature. Beneficial insects are a substitute for chemical pesticides, helping the ecosystem. Emerging ideas like integrated pest management, precision farming, organic farming, and sustainable agriculture are driving an increase in the use of beneficial insects in global agriculture. Furthermore, the rising trend of organic farming has increased the demand for beneficial insects. As people become more aware of the health and environmental impacts of traditional farming techniques, these factors raise the demand for organic foods and products. However, a reliance on traditional farming practices and resistance to change may make it more difficult to employ beneficial insects.

Browse key industry insights spread across 200 pages with 110 Market data tables and figures & charts from the report on the Global Beneficial Insect Market Size, Share, and COVID-19 Impact Analysis, By Type (Pollinators, Parasitoids, Pathogen, Predators), By Application (Crop protection and Crop production), By Crop Type (Flowers & Ornamentals, Fruits & Vegetables, and Grains & Pluses), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.

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The predator segment is anticipated to hold the highest share of the global beneficial insect market during the forecast period.  

Based on the type, the global beneficial insect market is segmented into pollinators, parasitoids, pathogens, and predators. Among these, the predator segment is anticipated to hold the highest share of the global beneficial insect market during the forecast period. Predators are used to reduce insect pest populations because pests have a negative impact on the economic worth of crops. Predators catch and eat insects and mites, among other species. The fact that both adult and larval predators constantly seek out and eliminate a wide range of prey insects is the cause of the rising demand for predators.

The crop protection segment is anticipated to hold the largest share of the global beneficial insect market during the forecast period.  

Based on the application, the global beneficial insect market is segmented into crop protection and crop production. Among these, the crop protection segment is anticipated to hold the largest share of the global beneficial insect market during the forecast period. Beneficial insects enhance crop yield by keeping pests, weeds, and crop illnesses at bay, eliminating the need for artificial pesticides. These helpful insects are commonly used as biological control agents to keep pests away from crops. The primary driver of the growing demand for crop protection is the superiority of beneficial insects over chemical pesticides in organic farming.

The fruits & vegetables segment is anticipated to hold the largest share of the global beneficial insect market during the forecast period.

Based on the crop type, the global beneficial insect market is segmented into flowers & ornamentals, fruits & vegetables, and grains & pluses. Among these, the fruits & vegetables segment is anticipated to hold the largest share of the global beneficial insect market during the forecast period. Customers’ growing interest in fruits and vegetables free of pesticides and chemical residues is driving up demand for the fruit and vegetable category.

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North America is expected to hold the largest share of the global beneficial insect market over the predicted timeframe.

North America is projected to hold the largest share of the global beneficial insect market over the predicted timeframe. In North America, farmers support the use of beneficial insects as an alternative to chemical pesticides, with a raised focus on sustainable agriculture and decreasing the use of chemical pesticides. The use of a biological control agent & techniques has risen significantly in the United States and Canada as a result of farmers’ demand for the increasing consumption of organic food, and environmental consciousness.

Asia Pacific is anticipated to grow at the fastest pace in the global beneficial insect market during the forecast period. Numerous beneficial insects find a favorable home in the vast range of ecosystems found in the Asia-Pacific region. The employment of beneficial insects is one of the sustainable farming methods that governments in the Asia-Pacific area support.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global beneficial insect market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

Major vendors in the global beneficial insect market are Applied Bionomics Ltd, ARBICO Organics, Andermatt Group AG, Biobest Group NV, BioBee Ltd, Bioline AgroSciences Ltd, BIONEMA, Evergreen Growers Supply LLC, Fargro Limited, GrowLiv Biologicals, IPM Laboratories Inc., KUNAFIN, Koppert, Nature’s Control, Natural Pest Controls, and Others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Key Market Development 

• In May 2023, in order to help consumers, get the most out of their successful biological-based crop protection and enhancement products, Bionema (UK) introduced a new Digital Biocontrol Training platform. Biological pesticides are applied first on the platform.

• In May 2023, New York-based Bioworks, a producer of superior biopesticides, was recently purchased by Biobest, a business that specializes in biological control and pollination. As a component of integrated plant health management programs, Bioworks offers growers in the horticulture and specialty agriculture markets tailored recommendations.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global beneficial insect market based on the below-mentioned segments:

Global Beneficial Insect Market, By Type

• Pollinators
• Parasitoids
• Pathogen
• Predators

Global Beneficial Insect Market, By Application

• Crop protection
• Crop production

Global Beneficial Insect Market, By Crop Type

• Flowers & Ornamentals
• Fruits & Vegetables
• Grains & Pluses

Global Beneficial Insect Market, Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa

About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company’s mission is to work with businesses to achieve business objectives and maintain strategic improvements.

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