Edible Insects for Animal Feed Market

Edible Insects for Animal Feed Market by Types (Raw, Dried, Steam, Fried, and Frozen) Insect Types (Crickets, Black Soldier Fly, Mealworms, Ants, Cicadas, Buffalo Worms, and Others), Applications (Direct Feed and Indirect Feed), Products (Whole Insect, Insect Powder, Insect Meal, and Insect Oil), and Regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: HC-594
  • Author: Growth Market Reports
  • Rating: 4.9
  • Total Reviews: 2
  • No. Of Pages: 155
  • Format:
  • Pub. Date: Upcoming
  • Share:

The global edible insects for animal feed market size is expected to reach USD 4.9 billion by 2028, expanding at a CAGR of 26.2 % during the forecast period, 2021 – 2028. The growth of the market is attributed to the increasing awareness about insect protein and rising demand from aquaculture sector.

Edible insects are high quality protein alternatives to conventional protein sources. They have low ecological footprint compared to other sources, which makes it a lucrative option for consumers looking for high protein nutrition for animal feed and government bodies seeking to curtail the greenhouse footprint.

Edible Insects for Animal Feed Market Key Takeaways

According to the Food and Agriculture Organization (FAO) of the US, edible insects contain superior quality of vitamins, amino acids, and proteins in contrast to the alternatives available. FOA has collaborated with worldwide organizations to promote and publish various guidance procedures for sustainable farming of edible insects.

The COVID- 19 pandemic had disrupted various industries globally. However, some of them, which includes edible insects’ industry, have started to regain the momentum. In the beginning, consumers believed that virus might have originated from animals, which negatively impacted the market growth. However, the presence of robust facts is expected to aid- the market to return to pre-COVID levels.

Market Drivers, Restraints, Trends, and Opportunities

  • Increasing demand for high quality protein has driven the edible insects for animal feed market.
  • Government bodies have encouraged food producers to adapt edible insects over the alternatives due to their relatively low greenhouse footprint, contributing to the market growth.
  • Growing demand from aquaculture sector for inexpensive alternatives over conventional sources such as fishmeal and soymeal, whose prices have increased over recent years, has brought unprecedented growth in the market.
  • The substantial amount of investments made in the companies offering insect-based products is boosting the growth of edible insects for animal feed market globally.
  • Poor supply chain networks and lack of efficient farming techniques can restrain the market growth.

Scope of the Report

The report on the edible insects for animal feed market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Edible Insects for Animal Feed Market- Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Types (Raw, Dried, Steam, Fried, and Frozen), Insect Types (Crickets, Black Soldier Fly, Mealworms, Ants, Cicadas, Buffalo Worms, and Others), Applications (Direct Feed and Indirect Feed), Products (Whole Insect, Insect Powder, Insect Meal, and Insect Oil)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Enviroflight, Agri Protein, Ynsect, Protix, Enterra Feed, Bioflytech, Proti-Farm, Entomotech, Nordic Insect Economy, Entomo Farms, Kreca, Deli Bugs, All Things Bugs, LLC, Tiny Farms, Global Bugs Asia Co., Ltd., Beta Hatch Inc., EntoCube Ltd., Rocky Mountain Micro Ranch, Armstrong Cricket Farm Georgia, Cowboy Cricket Farms, and ENTOBEL HOLDING PTE. LTD


Global Edible Insects Animal Feed Market Segment Insights

Dried segment to exhibit a high CAGR
Based on the types, edible insects for animal feed market are segregated into raw, dried, steam, fried, and frozen. The dried segment to exhibit a high CAGR during the forecast period. Growing preference for dried edible insect among consumers owing to rich protein content is driving the segment growth.

Whole insects segment to capture a major share
Based on products, the market is segregated in whole insects, insect powder, insect meal, and insect oil. The whole insects segment is anticipated to capture a large market share during the forecast period. Major factors that are driving the segment growth are its wide availability, lower cost as compared to processed form, and unavailability of processing techniques in some regions.

Edible Insects for Animal Feed Market By Product

Crickets to hold a major market share
In terms of insect types, the market is divided into crickets, black soldier fly, mealworms, ants, cicadas, buffalo worms, and others. The crickets segment to account for a major market share during the forecast period. This is due to its high nutritional value, relatively easy farming and processing of crickets, and rising demand for cricket-based products.

Indirect feed segment to account a significant market share
Based on applications, the market is divided into direct feed and indirect feed. The indirect feed segment to account for a significant market share during the forecast period. Indirect edible insects feed is widely used owing to presence of massive consumers in regions such as North America and Europe.

Edible Insects for Animal Feed Market By Applications

The market in Asia Pacific to grow at a substantial rate.
Based on regions, the global edible insects for animal feed market is divided into North America, Latin America, Europe, Middle East & Africa, and Asia Pacific. The markets in North America and Europe to acquire a major market share owing to presence of many startups related to the market.

The market in Asia Pacific is projected to expand at a rapid growth rate due to the increasing demand for insect-based products for animal feed and livestock farming. Sectors such as aquaculture, feed, and livestock farming have been at the forefront driving the growth of the market in the region. Countries such as China and India have adopted the use of insect-based animal feed, thus cementing themselves as the most attractive markets in the Asia Pacific region. However, government regulations can hinder the market growth in these countries.

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Edible Insects for Animal Feed Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Edible Insects for Animal Feed Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Edible Insects for Animal Feed Market - Supply Chain
  4.5. Global Edible Insects for Animal Feed Market Forecast
     4.5.1. Edible Insects for Animal Feed Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Edible Insects for Animal Feed Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Edible Insects for Animal Feed Market Absolute $ Opportunity
5. Global Edible Insects for Animal Feed Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Edible Insects for Animal Feed Market Size and Volume Forecast by Types
     5.3.1. Raw
     5.3.2. Dried
     5.3.3. Steam
     5.3.4. Fried
     5.3.5. Frozen
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Edible Insects for Animal Feed Market Analysis and Forecast by Applications
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Applications
     6.2.2. Y-o-Y Growth Projections by Applications
  6.3. Edible Insects for Animal Feed Market Size and Volume Forecast by Applications
     6.3.1. Direct Feed
     6.3.2. Indirect Feed
  6.4. Absolute $ Opportunity Assessment by Applications
  6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Edible Insects for Animal Feed Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Edible Insects for Animal Feed Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Edible Insects for Animal Feed Demand Share Forecast, 2019-2026
8. North America Edible Insects for Animal Feed Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Edible Insects for Animal Feed Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Edible Insects for Animal Feed Market Size and Volume Forecast by Types
     8.4.1. Raw
     8.4.2. Dried
     8.4.3. Steam
     8.4.4. Fried
     8.4.5. Frozen
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Edible Insects for Animal Feed Market Size and Volume Forecast by Applications
     8.7.1. Direct Feed
     8.7.2. Indirect Feed
  8.8. Basis Point Share (BPS) Analysis by Applications
  8.9. Y-o-Y Growth Projections by Applications
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Edible Insects for Animal Feed Demand Share Forecast, 2019-2026
9. Latin America Edible Insects for Animal Feed Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Edible Insects for Animal Feed Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Edible Insects for Animal Feed Market Size and Volume Forecast by Types
     9.4.1. Raw
     9.4.2. Dried
     9.4.3. Steam
     9.4.4. Fried
     9.4.5. Frozen
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Edible Insects for Animal Feed Market Size and Volume Forecast by Applications
     9.7.1. Direct Feed
     9.7.2. Indirect Feed
  9.8. Basis Point Share (BPS) Analysis by Applications
  9.9. Y-o-Y Growth Projections by Applications
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Edible Insects for Animal Feed Demand Share Forecast, 2019-2026
10. Europe Edible Insects for Animal Feed Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Edible Insects for Animal Feed Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Edible Insects for Animal Feed Market Size and Volume Forecast by Types
     10.4.1. Raw
     10.4.2. Dried
     10.4.3. Steam
     10.4.4. Fried
     10.4.5. Frozen
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Edible Insects for Animal Feed Market Size and Volume Forecast by Applications
     10.7.1. Direct Feed
     10.7.2. Indirect Feed
  10.8. Basis Point Share (BPS) Analysis by Applications
  10.9. Y-o-Y Growth Projections by Applications
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Edible Insects for Animal Feed Demand Share Forecast, 2019-2026
11. Asia Pacific Edible Insects for Animal Feed Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Edible Insects for Animal Feed Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Edible Insects for Animal Feed Market Size and Volume Forecast by Types
     11.4.1. Raw
     11.4.2. Dried
     11.4.3. Steam
     11.4.4. Fried
     11.4.5. Frozen
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Edible Insects for Animal Feed Market Size and Volume Forecast by Applications
     11.7.1. Direct Feed
     11.7.2. Indirect Feed
  11.8. Basis Point Share (BPS) Analysis by Applications
  11.9. Y-o-Y Growth Projections by Applications
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Edible Insects for Animal Feed Demand Share Forecast, 2019-2026
12. Middle East & Africa Edible Insects for Animal Feed Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Edible Insects for Animal Feed Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Edible Insects for Animal Feed Market Size and Volume Forecast by Types
     12.4.1. Raw
     12.4.2. Dried
     12.4.3. Steam
     12.4.4. Fried
     12.4.5. Frozen
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Edible Insects for Animal Feed Market Size and Volume Forecast by Applications
     12.7.1. Direct Feed
     12.7.2. Indirect Feed
  12.8. Basis Point Share (BPS) Analysis by Applications
  12.9. Y-o-Y Growth Projections by Applications
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Edible Insects for Animal Feed Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Edible Insects for Animal Feed Market: Market Share Analysis
  13.2. Edible Insects for Animal Feed Distributors and Customers
  13.3. Edible Insects for Animal Feed Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Enviroflight
     13.4.2. Agri Protein
     13.4.3. Ynsect
     13.4.4. Protix
     13.4.5. Enterra Feed
     13.4.6. Bioflytech
     13.4.7. Proti-Farm
     13.4.8. Entomotech
     13.4.9. Nordic Insect Economy
     13.4.10. Entomo Farms
     13.4.11. Kreca
Segment Covered in the Report
The global edible insects for animal feed market is segmented on the basis of

Types
  • Raw
  • Dried
  • Steam
  • Fried
  • Frozen
Insect types
  • Crickets
  • Mealworms
  • Black Soldier Flies
  • Buffalo Worms
  • Grasshoppers
  • Ants
  • Silkworms
  • Cicadas
  • Others
Applications
  • Direct Feed
  • Indirect Feed
Products
  • Whole Insect
  • Insect Powder
  • Insect Meal
  • Insect Oil
Regions
  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa
Key Players
  • Enviroflight
  • Agri Protein
  • Ynsect
  • Protix
  • Enterra Feed
  • Bioflytech
  • Proti-Farm
  • Entomotech
  • Nordic Insect Economy
  • Entomo Farms
  • Kreca
  • Deli Bugs
  • All Things Bugs, LLC
  • Tiny Farms
  • Global Bugs Asia Co., Ltd.
  • Beta Hatch Inc.
  • EntoCube Ltd.
  • Rocky Mountain Micro Ranch
  • Armstrong Cricket Farm Georgia
  • Cowboy Cricket Farms
  • ENTOBEL HOLDING PTE. LTD.

Key players operating in the edible insects for animal feed market are Enviroflight, Agri Protein, Ynsect, Protix, Enterra Feed, Bioflytech, Proti-Farm, Entomotech, Nordic Insect Economy, Entomo Farms, Kreca, Deli Bugs, All Things Bugs, LLC, Tiny Farms, Global Bugs Asia Co., Ltd., Beta Hatch Inc., EntoCube Ltd., Rocky Mountain Micro Ranch, Armstrong Cricket Farm Georgia, Cowboy Cricket Farms, and ENTOBEL HOLDING PTE. LTD.

 Edible Insects for Animal Feed Market By Key Players

Buy Report