Insect Feed Market at a CAGR of 24.5% to Estimated $2.2 Billion Growth by 2031

According to a new report published by Allied Market Research, titled, “Insect Feed Market,” The Insect Feed Market Size was valued at $261.50 million in 2021, and is estimated to reach $2.2 billion by 2031, growing at a CAGR of 24.5% from 2022 to 2031.

Insect offers high-quality protein, amino acids, and vitamins for livestock as well as pet food. Insect based diet for livestock can potentially replace soymeal in their diet. The nutritious quality of fly larvae, meal worms, silkworm, locusts, among others are used in the diets of pigs, poultry, aquaculture, and ruminants. These insects offer 42%-63% higher protein content compared to traditional resources such as soymeal and fishmeal. Also, the palatability of insect feeds is higher and can replace 25 to 100% of soymeal and fishmeal depending on the animal for which it is being used.

Request The Free Sample PDF Of This Report : https://www.alliedmarketresearch.com/request-sample/15541

The increasing Insect Feed Market Demand for poultry products from the food service industry majorly drives the Insect Feed Market Growth. Improvements in breeding techniques for the development of environmentally low-impacting livestock, further contribute toward market growth. A healthy gut reflects the sufficient amount of protein is being consumed by the animal. Protein is required for healthy metabolism as well. Protein deficiency reduces productivity among animals. Thus, through the consumption of insect feed protein deficiency can be overcome. This factor will fuel the growth of the insect feed market during the forecast period. Moreover, the identification of insects as a more sustainable source of proteins than traditional sources will further contribute toward the market growth and is likely to bring myraid Insect Feed Market Opportunity.

However, the availability of alternative feed options such as corn meal, soy meal, canola meal, whey meal limits the growth of the insect feed market. Also, poor knowledge associated with risks related to insect toxicity, nutritional quality, diseases, and allergic reactions among animals is likely to hamper the growth of the market.

The global insect feed market is segmented into product type, end user, end use, and region. On the basis of product type, the market is categorized into meal worms, fly larvae, silkworm, cicadas, and others. By end user, it is fragmented into residential and commercial. Depending on end use, it is segregated into pet food, aquaculture, and livestock. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Singapore, New Zealand, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, Saudi Arabia, South Africa, UAE, and rest of LAMEA).

Buy Now & Get Exclusive Discount on this Report: https://www.alliedmarketresearch.com/checkout-final/fa0d321a4e042729a4286ebfc3b335cf

Key findings of the study

On the basis of product type, meal worms segment dominated the global market in 2021 with a Insect Feed Market Share of more than 32%. However, fly larvae segment is attributed to be the fastest growing segment during the forecast period.

On the basis of end use, aquaculture dominated the global market in 2021. However, livestock is likely to be the fastest growing segment with the CAGR of 26.0% during the forecast period.

On the basis of end user, commercial segment dominated the global market in the year 2021 with the market share of more than 79%. However, residential segment are likely to be the fastest growing segment during the forecast period with the CAGR of 26.2%.

Based on category, branded segment dominated the global market with the market share of more than 70% in the year 2021. However, private label segment is likely to be the fastest growing segment during the Insect Feed Market Forecast period with the CAGR of 15.1%.

Region-wise, North America was the highest revenue contributor and is estimated to reach $ 704.8 million by 2031, with a CAGR of 22.3%. However, LATAM  is likely to be the fastest growing region during the forecast period.

The players operating in the insect feed industry have adopted product launch and business expansion as their key developmental strategies to expand their market share, increase profitability, and remain competitive in the market. The key players profiled in Insect Feed Market Analysis are AgriProtein Holdings Ltd, Buhler AG, Protix, Enterra Feed, entofood, enviroflight, Nasekomo, InnovaFEED, Hexafly, Coppens, DeliBugs, Kreca Ento-Feed BV, Ynsect, Nusect, Protenga, Beta Hatch, and Entobel.

Share Your Requirements & Get Customized Reports : https://www.alliedmarketresearch.com/request-for-customization/15541

Reasons to Buy this Insect Feed Market Report:

> Mergers and acquisitions should be well-planned by identifying the best manufacturer.

> Sort new clients or possible partners into the demographic you’re looking for.

> Suitable for providing dependable and high-quality data and analysis to assist your internal and external presentations.

> Develop tactical initiatives by gaining a better grasp of the areas in which huge corporations can intervene.

> To increase and grow business potential and reach, develop and plan licencing and licencing strategies by finding possible partners with the most appealing projects.

> Recognize newcomers with potentially strong product portfolios and devise effective counter-strategies to acquire a competitive edge.

> To develop effective R&D strategies, gather information, analysis, and strategic insight from competitors

Related Reports:

Royal Jelly Market

Meat Substitute Market

Cider Market

Oatmeal Market

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com

Web: www.alliedmarketresearch.com

Allied Market Research Blog: https://blog.alliedmarketresearch.com

Follow Us on | Facebook | LinkedIn | YouTube

Leave a comment

Your email address will not be published. Required fields are marked *