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Animal Feed Insect Proteins Market Analysis

  • Report ID: GMI5358
  • Published Date: Dec 2023
  • Report Format: PDF

Animal Feed Insect Proteins Market Analysis

Animal Feed Insect Proteins Market Size, By Insect Type, 2021 - 2032 (USD Million)

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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.
 

Animal Feed Insect Proteins Market Revenue Share (%), By Livestock, (2022)

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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, 2021 - 2032 (USD Million)

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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.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Animal feed insect proteins market size was USD 523.55 million in 2022 and is expected to reach USD 942.62 million by 2032 due to the rising use in animal feed as a sustainable and high-quality alternative to traditional protein sources, such as soy and fishmeal worldwide.

Animal feed insect proteins industry size from the black soldier fly insect segment recorded USD 182.81 million in 2022 and is expected to register appreciable CAGR from 2023-2032 owing to their efficiency in converting organic waste into protein-rich larvae.

Asia Pacific animal feed insect proteins industry reached USD 233.90 million in revenue in 2022 due to the burgeoning population, the increasing demand for protein-rich animal products, and the growing awareness of sustainable agricultural practices in the region.

INSECTIFii, Celitron, Medical Technologies Kft, Bentoli, Ynsect SAS, Protix, Enviroflight, BETA HATCH, and Nutrition Technologies are some of the major animal feed insect protein companies worldwide.

Animal Feed Insect Proteins Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 136
  • Countries covered: 21
  • Pages: 210
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