The global insect feed market size reached US$ 976.2 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 2,334.0 Million by 2032, exhibiting a growth rate (CAGR) of 10% during 2024-2032.
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2. About IMARC Group
International Market Analysis Research and Consulting Group is a leading adviser on management
strategy and market research worldwide. We partner with clients in all regions and industry
verticals to identify their highest-value opportunities, address their most critical challenges, and
transform their businesses.
IMARC’s information products include major market, scientific, economic and technological
developments for business leaders in pharmaceutical, industrial, and high technology
organizations. Market forecasts and industry analysis for biotechnology, advanced materials,
chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods
are at the top of the company’s expertise.
IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and
markets with close cooperation at all levels of the client organization. This ensures that our clients
achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting
results.
3. Report Highlight
and Description
According to the latest report by IMARC Group, titled "Insect Feed Market:
Global Industry Trends, Share, Size, Growth, Opportunity and Forecast
2024-2032," the global insect feed market size reached US$ 976.2 Million in
2023.
Insect feed is an animal feed made from insects, such as black soldier flies,
mealworms, and crickets, primarily for livestock and aquaculture. It is
produced through various methods, including feeding insects with organic
waste and by-products from agriculture, food processing, and breweries. The
insects are then harvested, dried, and processed into protein-rich meals,
pellets, or crumbles that can be used as a supplement or a complete feed for
animals.
These insects are a rich source of protein, fat, and essential amino acids and
can help improve animal health and welfare, reduce feed costs, and increase
the profitability of livestock and aquaculture operations. Insect feed is a
sustainable alternative to traditional animal feed sources, such as soybeans
and fishmeal, which are often associated with deforestation, overfishing, and
high greenhouse gas (GHG) emissions.
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feed-market/requestsample
4. Report Description
Global Insect Feed Market Trends:
The growing consumption of meat products among individuals is primarily driving the market growth. Insect feed
does not transmit zoonotic diseases and includes bioactive components, such as lauric acid, antimicrobial
peptides, and chitin, that can improve gut health, which, in turn, is facilitating its widespread adoption. Moreover,
the expanding demand for sustainable feed solutions due to escalating consumer concerns about the environment
and animal welfare is presenting remunerative growth opportunities for the market. Additionally, the introduction
of numerous regulations by governing authorities to improve the quality and safety of animal feeds and the high
feed conversion ratio of insects in caparison to livestock and poultry are strengthening the market growth.
Furthermore, extensive investments in research and development (R&D) efforts by leading market players to
expand their market reach and explore innovative feed sources, such as insect feed, are contributing to the
market growth. Concurrently, the rising population, shifting dietary patterns of individuals, and the widespread
adoption of insect feed as a sustainable and nutritious alternative to fishmeal or traditional pet food are aiding in
market expansion.
Looking forward, the market value is projected to reach US$ 2,334.0 Million by 2032, expanding at a CAGR
of 10% during 2024-2032.
View Report TOC, Figures and Tables: https://www.imarcgroup.com/insect-feed-market
8. Key Questions
Answered in
the Report
What was the size of the global insect feed market in 2023?
What is the expected growth rate of the global insect feed
market during 2024-2032?
What are the key factors driving the global insect feed
market?
What has been the impact of COVID-19 on the global insect
feed market?
What is the breakup of the global insect feed market based on
the application?
What are the key regions in the global insect feed market?
Who are the key players/companies in the global insect feed
market?
9. Table of
Contents
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Insect Feed Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product Type
6.1 Meal W orms
6.1.1 Mark et Trends
6.1.2 Mark et Forecast
6.2 Fly Larvae
6.2.1 Mark et Trends
6.2.2 Mark et Forecast
6.3 Silk worms
6.3.1 Mark et Trends
6.3.2 Mark et Forecast
10. Table of
Contents
6.4 Cicadas
6.4.1 Mark et Trends
6.4.2 Mark et Forecast
6.5 Others
6.5.1 Mark et Trends
6.5.2 Market Forecast
7 Market Breakup by Application
7.1 Aquaculture
7.1.1 Mark et Trends
7.1.2 Mark et Forecast
7.2 Pig Nutrition
7.2.1 Mark et Trends
7.2.2 Mark et Forecast
7.3 Poultry Nutrition
7.3.1 Market Trends
7.3.2 Mark et Forecast
7.4 Dairy Nutrition
7.4.1 Mark et Trends
7.4.2 Mark et Forecast
7.5 Others
7.5.1 Mark et Trends
7.5.2 Mark et Forecast
8 Market Breakup by Region
8.1 North America
8.1.1 United States
8.1.1.1 Mark et Trends
8.1.1.2 Mark et Forecast
8.1.2 Canada
8.1.2.1 Mark et Trends
8.1.2.2 Mark et Forecast
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