The global insect feed market size is expected to reach US$ 2,204.7 Mn by the end of 2030. According to the recent study by Future Market Insights (FMI), the market will surge at 10.0% CAGR between 2020 and 2030. According to this report, insect-derived feeds and insect harvesting have significant demand for industrial uses that guarantee optimal use of the resources. This report uses unique research methods to offer the most accurate analysis of the market.
Insect Feed Market
It includes in-depth insights into the insect feed market. Some of these are:
- The estimated value of the market was at US$ 850 Mn in 2020
- The poultry nutrition segment in the developing economies has expanded rapidly
- North America is a competitive market with huge growth for the key players in the insect protein market
- Asia-Pacific remains dominant in the insect feed market as they are the largest producer in the aquaculture segment.
- The acceptance of insect feed is predicted to boost the decline in feed costs for suppliers and farmers.
“Rise in soy and fish meal prices is encouraging feed producers to change their preferences towards insect protein to meet increasing demand for aquaculture and poultry feed. Companies operating in the market are also focusing on adopting strategies that will enable them expand their portfolio strength and regional footprint,” said a lead analyst at FMI.
Who is Winning?
Companies operating in the global insect feed market are focusing on mergers and joint ventures with insect processing and rearing industries to gain market share. Some of the prominent vendors of the insect feed market are Nextprotein, Buhler AG, Hexafly, Entofood, Diptera Nutrition, Enviroflight, Coppens, and Agriprotein.
Get Valuable Insights into Insect Feed Market
Future Market Insights, in its new report, presents an unbiased analysis of the global insect feed market, covering historical demand data and forecast figures for the period between 2020 and 2030. The study divulges compelling insights into growth witnessed in the market. Based on end-use, the insect feed market can be segmented into poultry nutrition, pig nutrition, cattle and dairy nutrition, and aquaculture. Regionally, the market can be segmented into North America, Latin America, Europe, East Asia, South Asia, Oceania and MEA.
About the Food & Beverage Division at Future Market Insights
Expert analysis, actionable insights, and strategic recommendations – the food & beverage team at Future Market Insights helps clients from across the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analysed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.