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Animal Feed Insect Proteins Market Trends

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

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Animal Feed Insect Proteins Market Trends

One prominent trend is the increasing focus on circular economies, where insect farming utilizes organic waste materials to produce high-quality protein for animal feed. This not only addresses environmental concerns related to waste management but also contributes to the development of a more sustainable and efficient food system. Additionally, a growing emphasis on reducing dependence on traditional protein sources like soy and fishmeal has accelerated the adoption of insect proteins as a viable alternative, driven by their nutritional composition and minimal environmental footprint.

Technological advancements play a pivotal role in this market, with ongoing research aimed at optimizing insect farming processes and increasing production efficiency. Innovations in automation, climate control, and data analytics contribute to scalable and cost-effective insect protein production.

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.