Insects contain a lot of protein and produce it with little environmental impact. Because they can consume a variety of substrates, including organic waste streams, mass-produced insect species like Mealworms and Black Soldier flies have drawn a lot of attention. The creation of products like protein meal, a less expensive alternative protein source to fishmeal or soybean meal for pig, poultry, and fish feeds, has quickly increased commercial opportunities due to BSF's capacity to transform organic waste into high-quality nutrients. The Edible Insects for the Animal Feed market are being driven by the increase in global meat demand which was affected by the pandemic.

According to the FDA study, when soybean and fishmeal were replaced with BSF larvae meal in proportions ranging from 10 to 56%, the broiler quails and chickens produced meat with a satisfactory taste, aroma, and nutritional composition. Additionally, key players like Aspire Food Group announced in October 2021 that it would build a brand-new, fully automated cricket processing plant in London, Ontario, Canada. The company could produce 10,000 tonnes of products made from crickets annually with this investment. As a result, Aspire Food Group would be able to meet the rising demand from the animal feed sector.

According to Marketlook Consulting’s research report “Global Edible Insects for Animal Feed Market Analysis, 2021”, the Global Edible Insects for Animal Feed market is anticipated to grow at a CAGR of 29.1% during 2022-29 The market would reach USD 21.1 Bn by 2029.

Based on Product Type, the market is segmented in to Meal (Powder), Oil, and Whole (Dried Insects). It is expected that the meal (powder) segment would capture the major market share for edible insects used in animal feed during the forthcoming years.

Based on the Insect Type, the Edible Insects for Animal Feed market is divided into Black Soldier Fly, Orthoptera, Mealworms, and Others. In 2021, the mealworms market segment accounted for a significant market share. Moreover, During the forecast period, the segment is expected to achieve a significant growth. Mealworms are in high demand primarily due to their high nutritional value and low risk of contracting zoonotic diseases.

“Global Edible Insects for Animal Feed Market Analysis, 2021” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for Edible Insects for Animal Feed providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.

Request For Sample:- https://marketlookconsulting.com/sample-request/673

Europe Dominated the Market
Geographically, it is predicted that the market for edible insects for animal feed was most heavily concentrated in Europe. The significant demand for edible insects in the livestock, pet food, and aquaculture industries, which make up the majority of the region's economy, can be attributed to this. During the forecast period, this region is anticipated to grow at the fastest CAGR as stated in the Marketlook Consulting research report “Global Edible Insects for Animal Feed Market Analysis, 2021”.

According to Marketlook Consulting’, the key players with a considerable market share in the global Edible Insects for Animal Feed market are Protenga Pte Ltd, nextProtein, Nutrition Technologies Group, AgriProtein Holdings Ltd., Entobel Holding PTE. Ltd., Hexafly Biotech, EnviroFlight LLC, InnovaFeed, Enterra Feed Corporation, Protix B.V.

Read More:- https://marketlookconsulting.com/reports/edible-insects-for-animal-feed-market

Market Segmentation:
1. By Product Type (Meal (Powder), Oil, Whole (Dried Insects))
2. By Insect Type (Black Soldier Fly, Orthoptera, Mealworms, Others)
3. By Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa)
4. By Company (Protenga Pte Ltd, nextProtein, Nutrition Technologies Group, AgriProtein Holdings Ltd., Entobel Holding PTE. Ltd., Hexafly Biotech, EnviroFlight LLC, InnovaFeed, Enterra Feed Corporation, Protix B.V.)

Key questions answered in the study:
1. What are the current and future trends of Edible Insects for the Animal Feed industry?
2. How the industry has been evolving in terms of product, and Insect type?
3. How the competition has been shaping across the countries followed by their comparative factorial
indexing?
4. What are the key growth drivers and challenges for Edible Insects for the Animal Feed industry?
5.What is the customer orientation, purchase behavior, and expectations from the Edible Insects for Animal
Feed firms across various regions?

About Us:-
Marketlook Consulting is a world market intelligence and consulting firm that aims to offer business insights and market research reports to large as well as small & medium scale enterprises (SMEs). The company helps its clients to design business strategies and policies and accomplish sustainable growth in their relevant market area.

Contact US:-
Phone:- +91 9660950683
Name:- Mithun Jangir (Manager- Marketing & Communications)
Email:- [email protected]
LinkedIn:- https://www.linkedin.com/company/marketlook-consulting
U 26C/6, DLF Phase 3, Gurgaon 122002