Edible Insects For Animal Feed Market
Global Market Study on Edible Insects for Animal Feed: Growing Demand for Economic Alternative Protein Sources to Uplift Consumption
- Report code : PMRREP12394 |
- Industry : Food Innovation |
- Published On : Apr-2019 |
- Pages : 220 Pages |
- Format :
Edible Insects for Animal Feed Market: Introduction
The latest market report by PMR on the global edible insects for animal feed market evaluates the opportunities and current market scenario, and provides insights and updates about the corresponding segments involved in the global edible insects for animal feed market during the forecast period 2019-2029. The global edible insects for animal feed market report further exhibits the estimated data for 2019, and forecast data up to 2029 in the terms of value (US$ millions) and volume (Tons).
The present study exhibits the trends and market dynamics of the edible insects for animal feed market in five major regions - North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. The edible insects for animal feed market report also includes the study of the current issues with consumers, and various future opportunities for the edible insects for animal feed market.
Edible Insects for Animal Feed Market: Report Description
The report explores the global edible insects for animal feed market for the period 2019–2029. The primary objective of the global edible insects for animal feed market report is to provide insights into the opportunities in the market that are consistently supporting the transformation of global businesses that are associated with edible insects for animal feed. It is very important to consider that, in an ever-wavering economy, we provide the estimated (Y-o-Y) year-on-year growth rate in addition to the compound annual growth rate (CAGR) for the overall forecast, to better understand the analysis and evaluation of the global edible insects for animal feed market, and to discover equitable opportunities.
Yet another key feature of this report is that, the estimation of the global edible insects for animal feed market and the corresponding revenue forecast are carried out in terms of absolute dollar opportunity. This is usually not prioritized while forecasting overall market numbers. Absolute dollar opportunity analysis is very essential in evaluating the degree of opportunity that a provider can expect to execute, as well as to contrast the potential resources from a sales perspective in the global edible insects for the animal feed market.
The global edible insects for animal feed market report starts with an elaborate executive summary, market definition of various segmentations that are included, and their respective shares in the market. The report further incorporates the major macro- and micro-economic factors that have an effect on the growth of the edible insects for animal feed market. The report also highlights various market dynamics, which include the drivers and restraints in the global edible insects for animal feed market. Current opportunities as well as on-going trends in the edible insects for animal feed market are also discussed in this report. The edible insects for animal feed report further underlines the study of the present issues with industrial processing and opportunities for the edible insects for animal feed market. It also encompasses a supply chain analysis, which provides a structural view of overall profitability from the manufacturer to the end user in the edible insects for animal feed market.
In order to provide users with a clear view of the global edible insects for animal feed market, we have exhibited a competitive analysis of key market players and their strategic expansions. The competitive dashboard presents a detailed comparison of edible insects for animal feed manufacturers on valuable parameters such as key product offerings, total revenue, key developments, and key strategies. The study intensifies the global edible insects for animal feed market attractiveness analysis by insect type, product type, end use, and region.
To evaluate the overall market size of edible insects for animal feed, the report considers various fundamental aspects based on secondary research. Furthermore, it emphasizes on quantitative evaluation such as market shares by insect type, product type, end use, and region. Other qualitative data from primary respondents, which has been consolidated to arrive at clear and accurate market estimations has also been included.
We collected base data by analyzing the production capacity of key market players and future plans of business and production capacity expansion. During the research phase, we have collected sales volume of targeted products. Based on the collected data for each company, we have statistically analyzed the market share of key industry players. This data is scrutinized from annual reports and company document submissions. In case where data is not available, we interview individuals in the targeted countries to understand the market scenario. Key players are identified based on key parameters such as production capacity, revenue, business presence, and strategic developments. The types of edible insects for animal feed products were mainly identified from product portfolio of market competitors.
Edible Insects for Animal Feed Market: Competition Analysis
Detailed profiles of companies that manufacture edible insects for animal feed are included in the report to analyze their developmental strategies, key product offerings, and recent developments. Key companies in the edible insects for animal feed market include EnviroFlight, LLC, Ynsect, AgriProtein Holdings Ltd, Enterra Feed Corporation, Protix, Entomotech S.L., Kreca Ento-Feed BV, DeliBugs, Haocheng Mealworms Inc, Entomo Farm, NextProtein, Beta Hatch, Nutrition Technologies, Hexafly Biotech, Entobel, HiProMine, InnovaFeed, Nusect, Protenga, and Mutatec.
Edible Insects for Animal Feed Market: Segmentation
The subsequent sections analyze the global edible insects for animal feed market on the basis of insect type, product type, end use, and region to present a forecast for the period 2019–2029. The market for edible insects for animal feed is segmented as follows:
On the basis of insect type, the global edible insects for animal feed market has been segmented as –
- Black Soldier Fly
- Orthoptera
- Housefly
- Silkworm
- Mealworm
- Others
On the basis of product type, the global edible insects for animal feed market has been segmented as –
- Meal (Powder)
- Oils
- Whole (Dried Insects)
On the basis of end use, the global edible insects for animal feed market has been segmented as –
- Livestock
- Poultry
- Swine
- Pet Food
- Aquaculture
On the basis of region, global edible insects for animal feed market has been segmented as-
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Argentina)
- Europe (EU5, Russia, Turkey, Rest of Europe)
- Asia Pacific (China, India, Japan, ASEAN, A&NZ, Rest of Asia Pacific)
- Middle East & Africa (GCC, South Africa, Egypt, Rest of MEA)
PMR Research Methodology
PMR is committed to providing unbiased market research solutions to its clients. PMR follows a robust methodology for deducing the data that is included in the edible insects for animal feed report. A demand-side approach is followed to estimate the sales of target products, followed by an in-depth supply-side assessment of value generated, key trends, and events over a predefined period.
This methodology is based on the use of standard market structures, methods, and definitions that are based on inputs from local sources in over 5 regions, i.e. Europe, Asia Pacific, the Middle East and Africa, Latin America, and North America, which PMR considers for segmenting the global market. Statistics, characteristics, and variances are collected at a regional level, aggregated at the same level, and then synthesized at a worldwide level to create global market measurements. Our main sources of research include,
- Primary Research
- Secondary Research
- Trade Research
- Social Media Analysis
Edible Insects for Animal Feed Market: Overview
Edible insects are considered as famine food but in recent past years they have joined the conventional food category. In many countries, people eat insects by choice as a part of their food culture. There are many types of edible insects such as centipede, bamboo worms, cockroaches, ants, bees, grasshoppers, cicada, and dragonfly. Edible insects are used to make animal feed as well. Edible insects are easily available, affordable, safe, and can be easily used to make animal feed. In aquaculture and poultry, edible insects for animal feed are used.
The demand for edible insects for animal feed is expected to rise with growing aquaculture production. This will push the development and innovation in the edible insects for animal feed market. In animal feed market, fishmeal and soymeal are main source of protein. If edible insects for animal feed are used over other feed products, it will decrease the cost of production for animal feed. As compared to other conventional livestock, capital investment for edible insects for animal feed is significantly low. Global animal population is increasing substantially, which leads to an increase in demand for alternative food sources such as edible insects for animal feed.
Edible Insects for Animal Feed Market: Segmentation
On the basis of insect type, the global edible insects for animal feed market has been segmented as –
- Black Soldier Fly
- Orthoptera
- Housefly
- Silkworm
- Mealworm
- Others
On the basis of product type, the global edible insects for animal feed market has been segmented as –
- Meal (Powder)
- Oils
- Whole (Dried Insects)
On the basis of end use, the global edible insects for animal feed market has been segmented as –
- Livestock
- Poultry
- Swine
- Pet Food
- Aquaculture
On the basis of region, the global edible insects for animal feed market has been segmented as-
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Argentina)
- Europe (EU5, Russia, Turkey, Rest of Europe)
- Asia Pacific (China, India, Japan, ASEAN, A&NZ, Rest of Asia Pacific)
- Middle East & Africa (GCC, South Africa, Egypt, Rest of MEA)
Edible Insects for Animal Feed Market: Drivers
Insect Raising Requires Low Capital Investment as Compared to Other Animal Feed, which Drives the Market for Edible Insects for Animal Feed
Most animal feeds contain animal byproducts to fulfill the protein requirements. Insects are a rich source of protein. Insect proteins are used in various animal feeds such as fish feed, pet food, and poultry feed. The edible insects for animal feed market is growing due to affordability and nutritional value of edible insects for animal feed.
High Amount of Protein in Edible Insects for Animal Feed Propelling the Edible Insects for Animal Feed Market
It is very important to find high quality protein sources for livestock. Genetically modified maize and soy are mostly used in animal feed as a protein source. Livestock farmers are looking for better protein alternatives with affordable prices. More than 19000 insect species are included in the edible segment. Edible insects for animal feed is an abundant source of alternative protein. Insects such as black soldier flies, silkworms, and yellow mealworms contain protein that helps the growth of animals. Birds such as chickens, eat insects as food. In aquaculture, edible insects are used as feed.
Fish farmers use edible insects for animal feed as it is effective for the growth of fish. It is a conventional and cheaper way as compared to fishmeal and meat meal feeds. Most of the animal feed making companies produce their own insects to make animal feed. It is a very easy and inexpensive process and thus, fueling the edible insects for animal feed market demand.
Use of Edible Insects for Animal Feed to Ensure Sustainability
Most of the world population prefers beef meat. To increase the quality of beef or any other meat, it is important to give animals quality feed. Protein is an important factor that affects the growth of the livestock. To enhance product value, feed which contains genetically modified protein sources such as soybeans and maize are used. This ultimately increases the overall costs.
Livestock farmers are looking for other alternative protein options which provide same amount of protein at an affordable price. Insects are rich in protein and micronutrients such as iron and vitamins, thus, the edible insects for animal feed market is growing in the forecasted period. Owing to all these factors, the global edible insects for animal feed market is expected to grow in terms of value and volume in the forecasted period.
Company Profiles:
- EnviroFlight, LLC
- Ynsect SAS
- AgriProtein Holdings Ltd
- Enterra Feed Corporation
- Protix
- Entomotech S.L.
- Kreca Ento-Feed BV
- DeliBugs
- Haocheng Mealworms Inc.
- Entomo Farm
- NextProtein
- Beta Hatch
- Nutrition Technologies
- Hexafly Biotech
- Entobel
- HiProMine
- InnovaFeed
- Nusect
- Protenga
- Mutatec
