Insect Feed Market

Insect Feed Market Size, Share, Growth Analysis, By Type(Meal Worms, Fly Larvae, Others), By Application(Aquaculture, Pet Food, Animal Feed, Others), By Region(North America, U.S., Canada, Mexico) - Industry Forecast 2024-2031


Report ID: UCMIG30I2046 | Region: Global | Published Date: Upcoming |
Pages: 165 | Tables: 55 | Figures: 60

Insect Feed Market Insights

Market Overview:

The demand for insect feed for poultry is rising as the market for high animal protein rises. Edible insects may have reached a point in their popularity where they can compete with very well markets such as soymeal as well as fishmeal, which are major constituents in livestock feed and aquafeed formulas. Insect protein is in short supply in zoos and the commercial pet food industry. In the last five years, the demand for bug feed has reached an all-time high. Protein source research has increased in recent years. Novel protein sources must provide nutrition as well as necessary amino acids while improving taste and keeping costs low. As the insect protein industry grows, its application is becoming more popular.

Insect Feed Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.

Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.

The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Packaged Foods & Meats by segment aggregation, the contribution of the Packaged Foods & Meats in Food, Beverage & Tobacco and vendor share.

To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.

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FAQs

The market for Insect Feed was estimated to be valued at US$ XX Mn in 2021.

The Insect Feed Market is estimated to grow at a CAGR of XX% by 2028.

The Insect Feed Market is segmented on the basis of Type, Application, Region.

Based on region, the Insect Feed Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the Insect Feed Market are AgriProtein, Enterra Feed, Entofood, Entomo Farms, Intrexon Corp, Hexafly, HiProMine, Innova Feed, MealFood Europe, Proti-Farm, Protix, Ynsect.

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Insect Feed Market

Report ID: UCMIG30I2046

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