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Animal Feed Insect Proteins Market Size

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

Animal Feed Insect Proteins Market Size

Animal Feed Insect Proteins Market was valued at around USD 523.55 million in 2022 and is poised to witness more than 5.9% CAGR between 2023 and 2032. The use of insect proteins in animal feed has gained traction as a sustainable and high-quality alternative to traditional protein sources such as soy and fishmeal. Insects, particularly black soldier fly larvae and mealworms, are rich in protein, essential amino acids, and other nutrients crucial for animal nutrition.

 

Animal Feed Insect Proteins Market

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This market's expansion is fueled by the increasing demand for animal protein products, coupled with the need for environmentally friendly and resource-efficient feed solutions. The adoption of insect-based feed is driven by its positive environmental impact, as insect farming generally requires less land, water, and feed compared to traditional livestock farming. Additionally, insects can thrive on organic waste, contributing to waste reduction and circular economy practices.

The upfront investment required for insect production facilities, including controlled environments and automated systems, can be considerable. Maintaining optimal conditions for insect growth demands advanced technological solutions, such as climate control and waste management systems, further contributing to operational expenses. The lack of widespread infrastructure for large-scale insect farming adds another layer of complexity, hindering the industry's ability to achieve cost-effective production. Furthermore, research and development efforts to enhance efficiency and reduce production costs are ongoing but require substantial investments. Without significant advancements in technology and infrastructure, the scalability of insect protein production remains a considerable challenge.

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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