The insect feed market in Japan is witnessing remarkable growth, with sales projected to reach US$ 23.5 million in 2023 and expected to surge to US$ 156.8 million by 2033, boasting a phenomenal CAGR of 20.9%. This growth is attributed to the increasing adoption of insect feed in the aquaculture and poultry farming sectors, driven by the need to ensure the health of animals and sustain the demand for meat and seafood. Key trends such as the rising popularity of poultry farming, the incorporation of insect feed in zoological parks, and the demand for cost-effective alternatives to traditional fish dinners are shaping the market landscape.
In Japan, the demand for insect feed is driven by several factors. The longstanding tradition of fish consumption in Japan has led to a thriving aquaculture sector, where insect feed is increasingly being utilized to support the health of farmed fish. Additionally, the growing poultry farming industry in Japan relies on insect feed to maintain the health and productivity of poultry animals. Moreover, the continued consumption of meat and seafood in Japan fuels the demand for healthy edible fish and animals, further boosting the adoption of insect feed as a nutritious and sustainable alternative.
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Growing Factor:
- Rising Poultry Farming: The expanding poultry farming industry in Japan is driving the demand for insect feed to ensure the health and productivity of poultry animals, thereby fueling market growth.
- Aquaculture Sector: Insect feed is gaining traction in the aquaculture sector as a cost-effective and nutritious alternative to traditional fish dinners, contributing to the growth of the market.
- Consumer Preference for Protein-rich Meat: With consumers seeking protein-rich meat for health benefits, the use of insect feed to raise healthy animals is becoming increasingly popular, driving market expansion.
- Incorporation in Zoological Parks: Zoological parks and animal care centers in Japan are incorporating insect feed to support the well-being of animals, further boosting market demand.
- Import Opportunities: Japan imports significant quantities of insect feed, particularly for use in aquaculture and poultry farming, presenting opportunities for international suppliers to enter the market and meet growing demand.
Key Takeaway:
The insect feed market in Japan presents lucrative opportunities for investors, with a projected CAGR of 20.9% and a forecasted valuation of US$ 156.8 million by 2033. Key drivers such as the rising poultry farming industry, the growing aquaculture sector, and consumer preferences for protein-rich meat are fueling market growth. Investors looking to capitalize on this growth should focus on companies offering innovative insect feed products tailored to the needs of the aquaculture and poultry farming sectors. Collaborations between local and international players also present opportunities for market expansion and diversification in Japan’s dynamic insect feed industry.
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Competitive Landscape
Local companies have a strong foothold in Japan. However, foreign companies are entering Japan to disrupt the landscape of insect feed in the country. Companies are forming partnerships to penetrate the Japanese insect feed industry. By establishing partnerships, players aim to combine capabilities in various areas of insect feed production to progress further.
Recent Developments Observed in Insect Feed in Japan
- In April 2023, the local company Sumitomo Corp. announced its entry into the insect feed industry. The company’s insect feed is intended for farmed fish.
- In March 2023, the local trading house Marubeni brokered a partnership with the French company Ynsect. The French player raises insect farms, and Marubeni intends to use Ynsect’s insects as feed for farmed fish.
Some of the Key Players Offering Insect Feed in Japan
- Ento Protein
- Protifarm
- Cricket One
- Insect Future
- AgriProtein
- Greenbug Protein
- Next Protein
- Entomo Farms
- Mealworm Protein
- InsectFeed
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Key Segments
By Product Type:
- Meal (Powder)
- Live insect meal
- Whole (Dried Insects)
By Insect Type:
- Black Soldier Flies
- Fly Larvae
- Silkworms
- Cicadas
- Other Insects
By Nutrition:
- Aquaculture
- Pig Nutrition
- Poultry Nutrition
- Dairy Nutrition
- Others
By City:
- Kanto
- Chubu
- Kinki
- Kyushu & Okinawa
- Tohoku
- Rest of Japan
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