According to FMI’s analysis, the global market for earthworm meals is currently estimated to be worth US$ 487.2 million in 2023. By 2033, the market is projected to be worth US$ 1,034.1million, growing at a CAGR of 7.8%.
The global market for earthworm meals is experiencing notable growth, driven by the rising demand for reliable and organic food sources. Earthworm meals, derived from environmentally friendly production processes, are proving to be a versatile and nutritious protein option for various industries, including aquaculture, poultry, and pet food.
The aquaculture industry, in particular, has witnessed substantial expansion, driving demand for earthworm meals. As fish and shrimp farming becomes more prominent, the need for sustainable and nutrient-rich aquafeed has intensified. Earthworm meals, with their high protein content and balanced nutrient profile, have become a valuable ingredient in aquafeed formulations.
Earthworm meals have advantages beyond aquaculture. Producers of poultry and animals have adopted this sustainable protein source as well. The vital amino acids, vitamins, and minerals found in earthworm meals ensure that animals are kept in the best possible health. Because of their adaptability, earthworm meals can be used in a variety of animal feed formulations to fulfill the varied needs of the livestock business.
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As per the study, earthworm species such as Eisenia fetida can efficiently replace unsustainable conventional animal and plant protein sources without compromising growth or having major economic and sustainability concerns when combined with proper feed management practices.
As the market for earthworm meals expands globally, business leaders, producers of animal feed, and customers are recognizing the value of sustainable protein sources. By accepting earthworm meals, they promote responsible consumption, lower the burden on traditional feed sources, and contribute to a greener future.
Key Takeaways from the Earthworm Meals Report:
- The global earthworm meals market is expected to reach a valuation of US$ 1,034.3 million by 2033
- Global demand for earthworm meals is likely to soar at 7.8% CAGR over the forecast period
- Based on form, the powder earthworm meal segment is anticipated to reach a valuation of US$ 372.2 million by 2033
- By End-use, the fertilizer segment is expected to hold a market share of 36% in 2023.
- United States is projected to hold a dominant value share of 19% in the global market in 2023
- Japan’s earthworm meals market is projected to reach a valuation of US$ 128.3 million by 2033
- India’s earthworm meals market is projected to grow with a CAGR of 6.9% over the span of the next ten years
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“The global earthworm market is experiencing robust growth, driven by the increasing demand for alternative protein sources and eco-friendly practices in various industries. Earthworm meals have emerged as a valuable solution, offering a nutritious and versatile protein ingredient for aquafeed formulations and animal nutrition. As research and innovation continue to drive the development of efficient production methods and uncover new applications, the future of the global earthworm market looks promising.” – says a lead analyst at Future Market Insights (FMI)
Who is Winning?
Mazuri, Anphu Earthworm Co., Ltd, Agricare Organic Farms Ltd, Taj Agro International, Kiryu Co., Ltd, Allworms Bio-Tech Co., Ltd., XABC Biotech Co., Ltd, Viet Delta Industrial Company, Anphu Earthworm Co., Ltd, Nature’s Healing Remedies, Inc., Ÿnsect, Vermitechnology Unlimited, VermiPro, Texas Worm Ranch, Earthworm Castings Unlimited are key earthworm meals and its product manufacturers listed in the report.
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Earthworm Meal Market by Category
By Form:
- Powder
- Pellet
- Liquid
By End-use:
- Aquafeed
- Poultry Feed
- Pet food
- Animal feed supplements
- Fertilizer
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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