According to a research report published by Spherical Insights & Consulting, the Global Insect Feed Market Size Expected to Grow from USD 1.20 Billion in 2023 to USD 3.33 Billion by 2033, at a CAGR of 10.75% during the forecast period 2023-2033.

Get a Sample PDF Brochure: https://www.sphericalinsights.com/request-sample/6868

Insect feed, which is full of nutrients and sustainability, is gaining popularity as a versatile alternative to livestock, pets, and human use. It can be used in place of or in addition to normal feeding and is available in the form of pellets and crumbles, which all conform to various feeding needs while enhancing more eco-friendly technologies. It is expected that an insect feed industry expansion will take root from this increasing acceptance of insects as sources of protein. With improved consumption of meat worldwide, quality feed products are increasingly in demand, leading to their incorporation into feed to enhance yields. Among the various factors promoting the growth of this market, one of the most prominent ones is the sustainability and eco-friendliness of the feed resource. The nutritional advantages it provides to animals count as another factor driving the market. Additionally, essential nutrients such as proteins, amino acids, vitamins, and minerals are plentiful in insects naturally. The feed’s versatility and suitability for a variety of animal species make it gain more market traction across the board. However, it is predicted that the strong laws and regulations regarding the introduction of new insect feeds will hinder the market in the years to come.

Browse key industry insights spread across 220 pages with 110 Market data tables and figures & charts from the report on the Global Insect Feed Market Size, Share, and COVID-19 Impact Analysis, By Source (Mealworms, Fly Larvae, Others), By Application (Aquaculture, Pig, Poultry, Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033

Buy Now Full Report: https://www.sphericalinsights.com/checkout/6868

The mealworms segment is anticipated to hold the largest share of the insect feed market during the forecast period.

Based on the source, the market is categorized into mealworms, fly larvae, and others. Among these, the mealworms segment is anticipated to hold the largest share during the forecast period. The growth is attributed to the fact that as the aquaculture industry booms, the demand for high-protein diets rises, continuing to spur mealworm uptake. They have high protein content along with some essential amino acids and fatty acids, making them suitable for the improvement of the sustainability of animal diets. This gives them a great opportunity to become an environmentally friendly alternative to conventional feed sources in a world that is increasingly consumer and industry-driven toward sustainability.

The aquaculture segment is expected to grow at the fastest pace during the forecast period.  

Based on the application, the market is categorized into aquaculture, pig, poultry, and others. Among these, the aquaculture segment is expected to grow at the fastest pace during the forecast period.  The growth is driven due to the insect feed in aquaculture is a perfect substitute for the classic fish meal, as such meal gets harvested from overfished oceans. The protein-rich ingredient promotes better population health and helps in the faster growth of fish and shrimp by protein supplementation in aquaculture systems. Moreover, new technologies and feed formulations improve the production efficiency and scalability of these options, making it easy for aquaculture producers to introduce insect feeds into their diets.

Inquire Before Buying This Research Report: https://www.sphericalinsights.com/inquiry-before-buying/6868

Asia Pacific is projected to hold the largest share of the global insect feed market over the forecast period.

Asia Pacific is projected to hold the largest share of the global insect feed market over the forecast period. The rapidly increasing population and demand for animal protein, Asia Pacific needs innovative and sustainable feed solutions that are accepted within the history of consuming insects for animal feeding. The potential to replace fish and shrimp feed with insect feed is greater because of the extensive aquaculture industry in the region.

North America is expected to grow at the fastest CAGR of the global insect feed market during the forecast period. A growing concern in animal nutrition is directing attention to sustainable and alternative protein sources. The cause is the need for resource-efficient options in aquaculture and agriculture, compounded by growing awareness of the negative impact on the environment. There are already strong livestock and aquaculture industries in the region that are clear enablers for this kind of adoption of insect-based feed products to meet this global concern on the sustainable supply of animal feed.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the insect feed 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 insect feed market are EnviroFlight LLC, Protix BV, InnovaFeed SAS, Nasekomo AD, Ynsect, Beta Hatch Inc., Alltech Coppens BV, Hipromine SA, nextProtein, Enterra Feed Corporation, Hexafly Enterprises Limited, Loopworm Private Limited, 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 2022, Hipromine announced to partner with WEDA Dammann & Westerkamp GmbH-the solution provider of feeding technologies. As part of this new venture, Weda will introduce HiProMine to insects, mainly in the form of Black Soldier Fly (BSFL), to assist the company in developing its nutrition products for pets and other animals.

Market Segment

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

Global Insect Feed Market, By Sources

• Mealworms
• Fly Larvae
• Others

Global Insect Feed Market, By Application

• Aquaculture
• Pig
• Poultry
• Others

Global Insect Feed Market, By 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

Browse Related URL’s:  

Global Dehydrated and Dried Beans Market Size, Share, and COVID-19 Impact Analysis, By Form (Dehydrated Beans Granules, Dehydrated Beans Powder), By Technique (Spray-dried, Freeze-dried, Vacuum-dried, and Others), By Application (Savory Snacks, Infant Foods, Soups & Sauces, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 – 2035.

Global Icing Sugar Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Organic Icing Sugar and Conventional Icing Sugar), By Application (Bakery, Confectionery, Dairy, Beverages, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 – 2035

Global Decaffeinated Coffee Market Size, Share, and COVID-19 Impact Analysis, By Product (Roasted and Raw), By Bean Species (Arabica, Robusta, and Others), By Distribution Channel (Online and Offline), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 – 2035

Global Onion Powder Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Dehydrated Onion Powder, Granulated Onion Powder, Onion Flakes, Onion Granules, Organic Onion Powder), By Application (Culinary Applications, Nutritional Supplements, Food Preservation, Flavoring Agent, Color Enhancement), By End Use (Food and Beverage, Cosmetics and Personal Care, Pharmaceutical, Animal Feed), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 – 2035.

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.

CONTACT US:

For More Information on Your Target Market, Please Contact Us Below:    

Phone: +1 303 800 4326 (the U.S.)

Phone: +91 90289 24100 (APAC)

Email: inquiry@sphericalinsights.com, sales@sphericalinsights.com

Contact Us: https://www.sphericalinsights.com/contact-us

Follow Us: LinkedIn | Facebook | Twitter