Global Insect Feed Market Set for 17.9% CAGR Growth by 2033, According to Future Market Insights

The insect feed market is buzzing with potential as it undergoes a remarkable transformation in the global agricultural landscape. Traditionally, insects were seen as pests, but they’ve now emerged as a sustainable and nutritious source of animal feed. Rich in protein and low in greenhouse gas emissions, insects like black soldier fly larvae and mealworms are being farmed on a large scale.

According to our projections, the worldwide demand for insect feeds can be pegged at roughly US$ 1,561 million for 2023. Furthermore, the sales of insect feeds are projected to rise globally at a pace of 17.9% per year from 2023 to 2033. Ultimately, the global insect feed market’s net value will reach almost US$ 8,124 million by 2033.

Get PDF Sample Report

As many animals ingest the insects naturally, it makes sense to think about using insect proteins as a potential source of commercial feed additionally, because insects include bioactive components, they are increasingly being used as innovative feed additions to promote the gut health of pet animals.

Sales of animal feed additives are also expected to be constrained by the strict laws and regulations related to introducing new insect feed. For example, the Bovine Spongiform Encephalopathy problem poses a crucial threat to consumer health and safety, impacting the overall approach of using insects as feed in Europe. Another main roadblock to adopting insects as feed in many places is the lack of clear laws and standards governing their usage as food.

Prominent industries producing animal feed have started investing in research to produce cutting-edge insect feed products to expand consumer base in the international market. Besides, some insect feed suppliers are working with other producers to include their goods in preparation of the final product for livestock.” – Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.).

Key Takeaways from the Global Insect Feed Market Study Report by FMI

  • The United States captured most of the global market and is predicted to contribute US$ 491.7 million in 2023.
  • Germany is the leading supplier of insect feeds in Europe and it may contribute to nearly 5.8% of the global market share in 2023.
  • Insect feed demand is rising in China and South Korea, which is expected to lead to strong growth in the Asia Pacific. In 2023, the two countries are estimated to contribute nearly 15.8% and 2.8% of the global revenue share respectively.
  • Australia is another emerging market for insect feeds in the Asia Pacific with an estimated global market share of 1.9% in 2023.
  • With an overall market share of nearly 43% in 2023, the aquaculture segment is expected to lead the market among end users.

Regional Market Comparison

Global Market Share in Percentage

United States Insect Feed Market Share

31.5 %

Germany Insect Feed Market

5.8 %

Japan Insect Feed Market

2.8 %

Australia Insect Feed Market

1.9 %

China Insect Feed Market

15.8 %

Buy now to get An In-depth Look at the Insect Feed Market by Country and Region

Competitive Landscape

To increase their product offerings and introduce cutting-edge items, leading insect feed manufacturers spend highly on research and development. For instance, Nutrition Technologies Company declared in June 2022 to create bacteriophages to replace antibiotics in the protein found in black army flies.

Recent Developments

Protenga Incorporate obtained nearly US$ 1.6 million in July 2020 with Roslin Technologies, a British agri-tech startup. The investment has been made to discover the black soldier fly’s new, effective genetic strains for use in aquaculture, livestock, and pet feed.

Nutrition Technologies and Evonik partnered in March 2022 to do research and development on poultry insect feed. The partnership concentrated on the amino acid needs of Southeast Asian BSF to achieve sustainable results in livestock production by optimizing BSF diets.

In May 2022, Pet World Nutrition Technologies, SPCA Selangor, and Nutrition Technologies introduced a sustainable commercial dog food containing protein from black soldier fly larvae.

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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: 
sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube

About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

Leave a Reply

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

You may also like these