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Animal Feed Insect Proteins Market Size By Insect Type (Black Soldier Fly, Housefly, Crickets, Mealworms, Beetles, Caterpillars, Grasshopper, Locusts, Bees, Wasps & Ants, Scale Insects & True Bugs), By Livestock (Poultry {Broiler, Layer, Turkey}, Aquaculture {Salmon, Trout, Shrimp}, Swine {Starter, Grower, Sow}, Pet Food {Dogs, Cats, Birds, Fish}), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2022 – 2030

  • Report ID: GMI5358
  • Published Date: Sep 2022
  • Report Format: PDF

Industry Overview

Animal Feed Insect Proteins Market size was recorded at more than USD 511 million in 2021. Driven by the high nutritious content of insects, the industry is expected to grow at over 10% CAGR from 2022 to 2030.
 

Animal Feed Insect Proteins Market

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Livestock animals are gaining massive attention for their significance in a protein-rich diet. Compared to other feed types, insects provide greater amounts of protein, dietary fiber, unsaturated fats, and several vitamins, which are necessary for animal health. A shift in diet trends, in line with the increasing global population, has fueled the need for additional supplies of protein from sustainable sources for inclusion in animal feed.
 

The surging investment in insect-based protein production is slated to be lucrative for the animal feed insect proteins market. For Instance, in July 2022, the Canadian government, through its AgriInnovate Program, invested more than USD 6 million to help Aspire Food Group construct a cricket protein production facility in London, Ontario. The fund was intended to aid Aspire in monitoring and growing billions of crickets for the premium health food and pet food industries.
 

Moreover, the growing adoption rate of pets around the world is primed to impel the expansion of the animal feed insect proteins market. Companies operating in the industry primarily focus on increasing their production capacity, forming strategic partnerships and collaborations with other public & private business firms, and broadening their product portfolio by introducing new insect types, to strengthen their business presence, thereby propelling the overall market scenario.
 

Expensive production may restrain industry progression

High production cost is a major cause hampering the growth of the global market. Insect production is costly as it requires optimized equipment and procedures to drive large-scale production as compared to other types of animal feed products, such as plant-based protein, fungus, algae, or artificial protein. However, the mounting availability of advanced equipment and machines at lower prices will enable companies to eventually overcome this obstacle and improve their production capacity.
 

Low farming cost to push beetles protein segment growth

Animal Feed Insect Proteins Market, By Insect Type

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By insect type, the animal feed insect proteins market is categorized into black soldier fly, housefly, crickets, mealworms, beetles, caterpillars, grasshopper, locusts, bees, wasps & ants, scale insects & true bugs, and others. The beetles segment is anticipated to cross USD 100 million in valuation by 2030. Beetles provide substantial amounts of protein. A giant beetle offers 20 grams per 3.5-ounce while a June beetle provides around 13.4 grams. In addition, snowballing inclination toward invertebrates owing to their minimal cost for farming and high zinc, iron, and calcium content of beetles are primed to support segmental expansion in the forthcoming years.
 

Rising adoption in pet food to define the industry landscape

Animal Feed Insect Proteins Market, By Livestock

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In terms of livestock, the animal feed insect proteins market is segregated into poultry, aquaculture, swine, pet food, and others. The pet food segment is forecast to progress at a CAGR of over 8% through the review timeframe. Pet food is usually prepared as the sole food source for pets and therefore, needs to contain all essential nutrients, including protein, energy, vitamins, and minerals. These compound diets are expected to be digestible, nutritionally balanced, palatable, and safe for pet consumption. As insect-based protein provides higher nutritional value, extensive product uptake in the pet food industry is likely to energize business expansion.
 

Latin America industry to benefit from increasing meat consumption

Animal Feed Insect Proteins Market, By Region

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Regionally, the global animal feed insect proteins market is divided into Latin America, Europe, North America, Asia Pacific, and the Middle East & Africa. The Latin America industry is estimated to witness robust growth at more than 10% CAGR through the study timespan backed by the flourishing agricultural and animal husbandry industries. The escalating meat consumption due to rising economic standards is set to amplify animal feed demand, which is projected to augment insect-based protein feed production for animal feed application in the LATAM region.
 

Strategic alliances to strengthen animal feed insect proteins industry outlook

INSECTIFii, Celitron Medical Technologies Kft, Bentoli, Ynsect SAS, Protix, Enviroflight, BETA HATCH, Nutrition Technologies, Hexafly Biotech, Enterra Feed Corporation, Innovafeed, NextProtein, HiProMine S.A., and Entobel are some of the key players in the animal feed insect proteins market. These firms are undertaking strategic acquisitions and mergers and improving their production capacity to remain ahead in the competitive landscape.
 

Impact of COVID-19 on the global market trends

During the COVID-19 pandemic, the industry witnessed a negative impact due to decreased consumption of animal products owing to the risks of exposure to the coronavirus, labor shortages, strict lockdowns, and supply chain disruptions. Nevertheless, the recent surge in awareness pertaining to the benefits of insect protein in animal feed has bolstered consumer interest. Moreover, several studies have indicated that insect farming for animal feed could help meet the nutritional requirements of the booming global population, create employment opportunities, and increase food and feed production, which is foreseen to positively impact the overall market landscape.
 

The animal feed insect proteins market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in tons and revenue in USD million from 2017 to 2030 for the following segments:

By Type

  • Black soldier fly
  • Housefly
  • Crickets
  • Mealworms
  • Beetles
  • Caterpillars
  • Grasshopper, Locusts
  • Bees, Wasps & Ants
  • Scale Insects & True Bugs
  • Others

By Livestock

  • Poultry Feed
    • Broiler
    • Layer
    • Turkey
    • Others
  • Swine
    • Starter
    • Grower
    • Sow
  • Aquaculture
    • Salmon
    • Trout
    • Shrimp
    • Others
  • Pet Food
    • Dogs
    • Cats
    • Birds
    • Fish
  • Other

The above information is provided on a regional and country basis for the following:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Russia
    • Italy
    • Netherlands
    • Poland
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • Australia
    • Vietnam
    • Thailand
  • Latin America
    • Brazil
    • Argentina
    • Mexico
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa

 

Authors: Kunal Ahuja, Tushar Malkani

Frequently Asked Questions (FAQ) :

The size of animal feed insect proteins industry was valued at more than USD 511 million in 2021 and is set to progress at a CAGR of over 10% through the forecast period.

The pet food segment is expected to grow at a rate of over 8% through 2030 as insect-based protein provides higher nutritional value in pet food.

The beetles segment is poised to cross USD 100 million in valuation by the end of 2030 as a result of snowballing inclination toward invertebrates owing to their minimal cost for farming and favorable protein content.

Latin America animal feed insect proteins industry is slated to witness robust growth at more than 10% CAGR through the analysis timeframe

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Premium Report Details

  • Base Year: 2021
  • Companies covered: 15
  • Tables & Figures: 249
  • Countries covered: 24
  • Pages: 200

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