Edible Insects for Animal Feed Market By Type (Raw, Dried, Steam, Fried, and Frozen), By Application (Direct and Indirect), Industry Trends, Estimation & Forecast, 2023-2030

Market Overview

Edible insects, enriched with high-quality nutrients, constitute a healthy portion of animal feed and are gradually replacing other previously abundant expensive feed products. The presence of a significant amount of protein and vitamins in edible insect feed is largely beneficial to livestock, poultry, and aquaculture rearing, providing animals with essential nourishment for healthy growth.

Edible Insects for Animal Feed market was valued at 5.9 billion US$ in 2022 and is projected to reach 43.9 billion US$ by 2030, at a CAGR of 28.5% during the forecast period.

In terms of volume, the Edible Insects for Animal Feed market will witness a CAGR of 28.5% in forecast period.

Growth Factors

The high protein content of edible insect feed and rising product use as feed for aquatic organisms are the primary factors driving the market growth. The need for enriched nourishment of animals to improve the meat quality has increased demand for edible insect feed, which would influence significant market growth. The edible insect feed is also quickly replacing expensive aquafeed products as affordable sources of protein that enhance aquaculture production. However, high production costs of edible insect feed and risk of microbial diseases might hamper the market growth. The prevalence of microbial and allergen diseases in the largely untested insect feed products would create chances of disease outbreak in cattle and poultry, restricting the market growth. The growth in funding and investments to increase production capabilities would provide lucrative opportunities for the market in the coming years. The low capital expenditure required to enter the business of edible insect feed would offer new market entrants opportunities for establishing a successful business venture.

Market Segmentation

The global Edible Insects for Animal Feed market is mainly classified based on Type and Application. Type is further segmented into Raw, Dried, Steam, Fried, and Frozen. By Application, the market is divided into Direct and Indirect.

The Dried segment by Type holds a prominent share in terms of value and volume, owing to the increased flexibility in packaging and distribution of dried feed to remote locations, high convenience of feeding to animals, and ease in mixing of dried feed into animal food.

The ease in the digestion of feed when it is thoroughly mixed with regular animal diet would improve growth prospects of the segment during the forecast period.

Regional Segmentation

Based on geography, the global Edible Insects for Animal Feed market is divided into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. North America is further divided in the U.S., Canada, and Mexico, whereas Europe consists of the UK, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific. The South America region includes Brazil, Argentina, and the Rest of South America, while the Middle East & Africa is categorized into GCC Countries, Egypt, South Africa, and Rest of Middle East & Africa.

Asia-Pacific is a significant regional market in terms of volume, with the presence of a healthy cattle population and a booming poultry industry propelling the demand for edible insect feed with high protein content. The steady growth of the aquaculture industry has also influenced higher product demand as a substitute for the available aquafeed products.

The region of North America is also expected to witness steady growth over the forecast period owing to the need to improve the animal meat quality for human consumption and high viability of edible insect feed over other animal feed products in terms of nutrient value.
 
Competitive Players

The Edible Insects for Animal Feed market is moderately fragmented, with several global players vying with local vendors for substantial market share in terms of volume and value. The continued focus on the expansion of manufacturing capabilities and extension of global market reach by top players has further intensified market competitiveness among the companies.

Key players operating in the Edible Insects for Animal Feed industry include Enviroflight, Agri Protein, Ÿnsect, Protix, Enterra Feed, Bioflytech, Proti-Farm, Entomotech, Entomo Farms, and Haocheng Mealworms Inc.

The expansion of business opportunities of through new funding and strategic partnerships and extension of manufacturing capabilities through the opening of new production facilities are the primarily followed business strategies of the top players looking to capture substantial market share.

Edible Insects for Animal Feed Market Key Segments

By Type
• Raw
• Dried
• Steam
• Fried
• Frozen

By Application
• Direct
• Indirect

By Geography

• North America
o The U.S.
o Canada
o Mexico

• Europe
o U.K
o Germany
o France
o Italy
o Rest of Europe

• Asia Pacific
o India
o China
o Japan
o South Korea
o Rest of Asia Pacific

• South America
o Brazil
o Argentina
o Rest of South America

• Middle East & Africa
o GCC Countries
o Egypt
o South Africa
o Rest of Middle East & Africa

Key Global Edible Insects for Animal Feed Industry Players

• Enviroflight
• Agri Protein
• Ÿnsect
• Protix
• Enterra Feed
• Bioflytech
• Proti-Farm
• Entomotech
• Entomo Farms
• Haocheng Mealworms Inc.

Table of Content

1. Market Introduction
1.1. Executive Summary
1.2. Market Definition
1.3. Market Scope

2. Research Methodology
2.1. Primary Research
2.2. Research Methodology
2.3. Assumptions & Exclusions
2.4. Secondary data sources

3. Edible Insects for Animal Feed Market Overview
3.1. Report Segmentation & Scope
3.2. Key Market Trend
3.3. Drivers
3.3.1. High protein content of edible insect feed
3.3.2. Rising product use as feed for aquatic organisms
3.4. Restraints
3.4.1. High product cost of edible insect feed and risk of microbial diseases
3.5. Opportunity
3.5.1. Growth in funding and investments to increase production capabilities
3.6. Porter’s Five Forces Analysis
3.6.1. Porter’s Five Forces Analysis
3.7. Market Share Analysis

4. Type Overview
4.1. Introduction
4.1.1. Market Size & Forecast
4.2. Raw
4.2.1. Market Size & Forecast
4.3. Dried
4.3.1. Market Size & Forecast
4.4. Steam
4.4.1. Market Size & Forecast
4.5. Fried
4.5.1. Market Size & Forecast
4.6. Frozen
4.6.1. Market Size & Forecast

5. Application Overview
5.1. Introduction
5.1.1. Market Size & Forecast
5.2. Direct
5.2.1. Market Size & Forecast
5.3. Indirect
5.3.1. Market Size & Forecast

6. Edible Insects for Animal Feed Market Regional Overview
6.1. Introduction
6.1.1. Market Size & Forecast
6.2. North America Edible Insects for Animal Feed Market
6.2.1. North America Market Size & Forecast, By Country
6.2.2. North America Market Size & Forecast, By Type
6.2.3. North America Market Size & Forecast, By Application
6.2.4. U.S.
6.2.4.1. Market Size and Forecast
6.2.5. Canada
6.2.5.1. Market Size and Forecast
6.2.6. Mexico
6.2.6.1. Market Size and Forecast
6.3. Europe Edible Insects for Animal Feed Market
6.3.1. Europe Market Size & Forecast, By Country
6.3.2. Europe Market Size & Forecast, By Type
6.3.3. Europe Market Size & Forecast, By Application
6.3.4. Germany
6.3.4.1. Market Size and Forecast
6.3.5. France
6.3.5.1. Market Size and Forecast
6.3.6. UK
6.3.6.1. Market Size and Forecast
6.3.7. Italy
6.3.7.1. Market Size and Forecast
6.3.8. Spain
6.3.8.1. Market Size and Forecast
6.3.9. Rest of Europe
6.3.9.1. Market Size and Forecast
6.4. Asia-Pacific Edible Insects for Animal Feed Market
6.4.1. Asia-Pacific Market Size & Forecast, By Country
6.4.2. Asia-Pacific Market Size & Forecast, By Type
6.4.3. Asia-Pacific Market Size & Forecast, By Application
6.4.4. Japan
6.4.4.1. Market Size and Forecast
6.4.5. China
6.4.5.1. Market Size and Forecast
6.4.6. Australia
6.4.6.1. Market Size and Forecast
6.4.7. India
6.4.7.1. Market Size and Forecast
6.4.8. South Korea
6.4.8.1. Market Size and Forecast
6.4.9. Rest of Asia-Pacific
6.4.9.1. Market Size and Forecast
6.5. South America Edible Insects for Animal Feed Market
6.5.1. South America Market Size & Forecast, By Country
6.5.2. South America Market Size & Forecast, By Type
6.5.3. South America Market Size & Forecast, By Application
6.5.4. Brazil
6.5.4.1. Market Size and Forecast
6.5.5. Argentina
6.5.5.1. Market Size and Forecast
6.5.6. Rest of South America
6.5.6.1. Market Size and Forecast
6.6. Middle East & Africa Edible Insects for Animal Feed Market
6.6.1. Middle East & Africa Market Size & Forecast, By Country
6.6.2. Middle East & Africa Market Size & Forecast, By Type
6.6.3. Middle East & Africa Market Size & Forecast, By Application
6.6.4. GCC Countries
6.6.4.1. Market Size and Forecast
6.6.5. Egypt
6.6.5.1. Market Size and Forecast
6.6.6. South Africa
6.6.6.1. Market Size and Forecast
6.6.7. Rest of Middle East & Africa
6.6.7.1. Market Size and Forecast

7. Company Profile
7.1. Enviroflight
7.1.1. Company Basic Information, Manufacturing Base, Sales Area and Its Competitors
7.1.2. Enviroflight Product Category, Application, and Specification
7.1.3. Enviroflight Financial Performance (2016-2018)
7.1.4. Main Business/Business Overview
7.2. Agri Protein
7.3. Ÿnsect
7.4. Protix
7.5. Enterra Feed
7.6. Bioflytech
7.7. Proti-Farm
7.8. Entomotech
7.9. Entomo Farms
7.10. Haocheng Mealworms Inc.