The Insect Feed Market is estimated to be USD 2826.77 Billion by 2030

The Insect Feed Market was valued at USD 847.57 Billion in 2020 and is estimated to reach USD 2826.77 Billion by 2030, registering a CAGR of 12.8%. Different types of insects can be used as feed for industrial animal production and aquaculture due to their nutritional profile, especially their high protein content. In scientific studies, pigs, chickens and edible fish were fed an insect-based diet. Insects can replace soybean meal in rations of pork and poultry with sufficient protein and essential amino acids. The inclusion of black soldier fly larvae in the fish rearing diet resulted in satisfactory results with no difference in odor or texture.

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The report “Global Insect Feed Market by Product (Mealworms, Fly Larvae & Others), by Application (Fisheries, Pig Feed, Poultry Feed & Others) and by Region (North America, Europe, Asia Pacific, Latin America & Middle East and Africa) – Trends, Analysis and Forecast to 2029”

Key points:
• In December 2021, Ecuador launches LatAm’s first insect feed production plant.
• In March 2021, the first Italian insect farm for animal feed is about to open in the province of Alessandria: an integrated insect breeding system for the bioconversion of food waste into protein meal and oil for use in feed production.

Analyst View:
The increase in global consumption of meat and meat products has resulted in an increase in livestock productivity, which necessitates the use of high-quality feed products to achieve high yields. Insects have a higher protein and lower fat content than conventional meats such as poultry and game. As a result, they can be prepared for human consumption or as a source of protein in feedstock compounds. As the demand for meat increases, the demand for grain and protein feed is also predicted to increase. A key element that will drive growth in the global insect feed market is the expansion of the aquaculture and poultry sectors.

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Key market insights from the report:
The Global Insect Feed Market was valued at USD 847.57 Billion in 2020 and is estimated to reach USD 2826.77 Billion by 2030, registering a CAGR of 12.8%. Global Insect Feed is segmented by product, application, and region.
• On the basis of product, the Global Insect Feed Market is segmented into Mealworms, Fly Larvae and Others.
• On the basis of application, the Global Insect Feed Market is segmented into Aquaculture, Swine Nutrition, Poultry Nutrition and Others.
• By region, the Global Insect Feed Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Competitive Landscape of Global Insect Feed Market and Their Strategies:
Key players in the Global Insect Feed Market include nextProtein, Buhler AG, Hexafly, Entofood Sdn Bhd, Diptera Nutrition Srl, EnviroFlight LLC, Alltech Coppens GmbH, AgriProtein Holdings Ltd., Bioflytech SL and HiProMine SA.
The market provides detailed information on industry base, productivity, strengths, and latest trends that will help manufacturers and companies expand their businesses and promote financial growth. Furthermore, the report displays dynamic factors including segments, sub-segments, regional markets, competition, dominant key players and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across various regions that are influencing the trajectory of the market. The report includes the latest technological advancements and innovations affecting the global market.

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