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Based on insect type, the black soldier fly segment accounted for USD 182.81 million in 2022. Black soldier flies hold a substantial market share, given their efficiency in converting organic waste into protein-rich larvae. Houseflies, though less commonly used, are being explored for their potential in nutrient-rich larval development.
Based on livestock, the aquaculture segment held a dominant market share of around 37.79% in 2022 and is expected to grow at a lucrative pace by 2032. Aquaculture, a rapidly expanding industry, is adopting insect-based proteins to address the growing demand for sustainable and protein-rich feed. The unique amino acid profile of insect proteins aligns well with the nutritional requirements of various aquatic species, securing a noteworthy market share in aquaculture feed formulations.
Asia Pacific animal feed insect proteins market size surpassed USD 233.90 million in 2022. The region's prominence can be attributed to a confluence of factors, including a burgeoning population, increasing demand for protein-rich animal products, and a growing awareness of sustainable agricultural practices. Countries within Asia Pacific, such as China, India, and Southeast Asian nations, are witnessing a surge in the adoption of insect proteins in animal feed formulations. China, in particular, has emerged as a major contributor to the market share, driven by its strategic focus on developing sustainable protein sources and reducing dependence on traditional feed ingredients.