The power of insect organic matter is harnessed by insect fertilisers to create nutrient supplies for plants that are sustainable. For instance, InnovaFeed produces fertiliser in France that is suited for practically all crops and is made from the insect droppings of Hermetia illucens phytophagous larva. This sort of fertiliser is rich in organic matter, which will enhance the absorption of nutrients and microbial activity for successive harvesting periods in contrast to synthetic fertilisers, which over time harm the soil microbiome. By 2030, the company, which is among the fastest-growing in the industry, plans to open 10 production sites. Numerous agricultural production techniques have been established as a result of the rapid growth in urban population and the corresponding demand for jobs and food.This growth is primarily driven by Urbanization and its Implications for Food and Farming
|Value Unit||USD (Million)|
|Key Companies in Study||KIS Organics (United States), Ynsect (France), Protix B.V. (Netherlands), nextProtein (France), Enterra Feed Corporation (Canada), Nutrition Technologies Group (Singapore), Entomo Farms (Canada), BioflyTech (Spain), InnovaFeed (France) and EnviroFlight, LLC (U.S.)|
|Customization Scope||Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility|
The Fertilizers & Agricultural Chemicals sector in the region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region.
Major Vendors, such as KIS Organics (United States), Ynsect (France), Protix B.V. (Netherlands), nextProtein (France), Enterra Feed Corporation (Canada), Nutrition Technologies Group (Singapore), Entomo Farms (Canada), BioflyTech (Spain), InnovaFeed (France) and EnviroFlight, LLC (U.S.), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 25th February 2022, Plant Response has been acquired by The Mosaic Company. Plant Response brings together a diverse portfolio of biological-based crop inputs and technologies, having recently consolidated Koch Biological Solutions (2019), Pathway BioLogic (2020), and WISErg (2021). With 16 commercialized products, Plant Response aims to enhance grower returns by improving nutrient use and efficiency, improve disease defense, biocontrol, tolerance to abiotic stress and increase overall crop yields.
On 13th April 2021, źnsect acquired Protifarm. The company will proceed to fulfil its long-term objective to provide a healthy, sustainable answer to the rapidly increasing demand of protein with the help of their combined offering, which will speed up manufacturing capacities with a third production site. As a result of the European Food Safety Authority's declaration that mealworms are safe for human consumption in January, nsect is growing its presence in the market for human food ingredients made from insect ingredients.Global Insect-based Fertilizer is a fragmented market due to the presence of various players. The companies operating in this industry are focusing on efficient growth, improvement of operational efficiency and productivity, achieving high print and digital standards, and focus on maintaining sustainable development. The players are focusing on securing a leading position in this industry.
According to the Indian Government's Department of Fertilizers, there are 30 urea units in the country out of which 27 urea units use Natural Gas (using either domestic gas/LNG or both) and remaining three urea units use Naphtha as feedstock. The MRP of urea is statutorily fixed by the Government of India and it is around 5000 rs. per MT (exclusive of the Central/State Taxes), which includes Rs. 180/MT as dealer margin for private traders/PSUs & Rs. 200/MT for Co-operatives and Rs. 50/MT to retailers for acknowledging the receipt and reporting the stock in mFMS (iFMS) as an additional incentive.
Insect-based Fertilizer Market Dynamics:
- Urbanization and its Implications for Food and Farming
- Rising Application of Insect-based Fertilizers among Farmers
- Introduction of New Insect-based Fertilizers in the Market
- Growing Interest to Recycle Organic Waste using Insect Larvae into High-Quality Frass Fertilizer through Circular Economy Approach
- Stringent Regulations on the Usage and Manufacturers of Insect-based Fertilizers
|Road Blocks / Challenges|
- Concerns with the Duplicate and Low Quality Fertilizers
- Demand for Nutritionally Crucial Proteins and Meat Products
|Gaps & Opportunities|
- Surging Implementation of Industrial Technologies can create Opportunities for the Market Growth
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Insect-based Fertilizer Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the medium utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Insect-based Fertilizer Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.The primary interviews and data collected as per the below protocols:
By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, SEC filings of Insect-based Fertilizer players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Insect-based Fertilizer Study Sheds Light on
The Insect-based Fertilizer Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Insect-based Fertilizer industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Insect-based Fertilizer industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.