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.
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.
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 |
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.
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.
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.
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.
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.
The global edible insects for animal feed market is segmented on the basis of
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.
The global edible insects for animal feed market is segmented on the basis of
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.
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