What is Earthworm Powder?
Earthworm Powder as the name suggests is produced using earthworms which are dried, cleaned and mixed with organic acids to produce earthworm powder. The earthworm powder is further used in production of functional foods such as insect protein based meals, or dietary supplements and even pharmaceuticals. The earthworm powder is said to possess several properties such as it helps in weight add on, has high protein and amino acid contents. Other than that, the powder is also mixed with animal feed as domesticated animals especially poultry animals are much prone to consume feed comprised of earth worm powder. The market of earthworm powder is expected to grow steadily with increasing demand for high protein content meal at affordable costs, although because of insects and worms still being considered as taboo, the growth prospect is limited in the short term. Asia Pacific accounts for significant portion of the market.
The market study is broken down by Type (30% Protein, 60% Protein and Others), by Application (Functional Foods, Pharmaceuticals, Dietary Supplements, Animal Feed and Others) and major geographies with country level break-up.
Growing demand for high protein supplements has led to growth of the earthworm powder demand. Other driver has been the growth of the worm based drugs. The market of earthworm powder is expected to grow steadily as the product is yet less known and the taboo around worm consumption remains. Asia Pacific is expected to be a prominent market of earth worm powder. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Taj Agro International (India), Kiryu Co., Ltd. (Japan), Allworms Bio-Tech Co., Ltd. (China), XABC Biotech Co., Ltd. (China), Viet Delta Industrial Company (Vietnam), Anphu Earthworm Co., Ltd. (Vietnam), źnsect (France) and Nature's Healing Remedies, Inc. (United States) are some of the key players that are part of study coverage.
AdvanceMarketAnalytics has segmented the market of Global Earthworm Powder market by Type, Application and Region.
On the basis of geography, the market of Earthworm Powder has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Direct will boost the Earthworm Powder market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Packaging Type, the sub-segment i.e. Packets will boost the Earthworm Powder market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In 2021, źnsect, a France based leader in insect based protein has announced acquisition of Protifarm, which has established itself as global leader in mealworm ingredients used in human meals. The two companies will complement each other’s product portfolio and look to expand their markets as well as capabilities combining their expertise and synergy.
- Pharmaceuticals Account for Larger Market Share
- Growing Demand for High Protein Supplements
- Enhanced Research in Nature based Drugs
- Functional Foods and Insect based Food as well as Dietary Supplements Present Huge Opportunity for Growth
- Insects are looked as Subject of Taboo by the Consumers
- Less Awareness about the Benefits of the Product
Key Target AudienceEarthworm Powder Manufacturers, Suppliers and Distributors, Raw Material Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industries
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
Frequently Asked Questions (FAQ):
1. What all players are profiled in the study?
The standard version of the report profiles players such as Taj Agro International (India), Kiryu Co., Ltd. (Japan), Allworms Bio-Tech Co., Ltd. (China), XABC Biotech Co., Ltd. (China), Viet Delta Industrial Company (Vietnam), Anphu Earthworm Co., Ltd. (Vietnam), źnsect (France) and Nature's Healing Remedies, Inc. (United States) etc.
2. Can we have customized study for Earthworm Powder Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. What would be the Market Size of Earthworm Powder Market by 2026?
Analysts at AMA estimates Earthworm Powder Market to reach USD Million by 2026.