Global Insect Feed Market Overview:
By 2050 it is predicted that due to a steady population increase to 9 billion people, there will be a forcing increased food/feed output from available agro-ecosystems resulting in even greater pressure on the environment. Scarcities of agricultural land, water, forest, fishery and biodiversity resources, as well as nutrients and non-renewable energy, are foreseen. Insects can be grown on organic waste and are a potential source for conventional production (Mini-Livestock) of protein for direct human consumption or indirectly as recomposed food (extracted protein from insects).
- Increased Importance of Alternative Livestock Feeding Source to Add Cropland for Future Agriculture Planning
- Growing Price Rate for Raw Materials in Recent Years
- Usage of Fish for Non-Food Use, Utilizing Insect Feed for Vaccine Production
- Stringent Regulation Regarding Usage of Insects as Aquaculture Feed
- Adoption of Insect Feed in the Ecosystem Is Expected To Increase Reduced Feed Costs for both Farmers and Suppliers
- With the Increase in Population Size, Land Use is A Challenge as Nearly Two Third Land is used for Livestock Farming
The market is fragmented by many key players who are focussed on engaging themselves in mergers and joint ventures with insect processing and rearing industries to gain market share.
Some of the key players profiled in the report are AgriProtein Technologies (United States), Bioflytech (Spain), Altech Coppens (Netherlands), Diptera Nutrition, Enterra Feed (United States), Entofood (Netherlands), Entomeal (Malaysia), Entomo Farms (United States), Entomotech (Spain), EnviroFlight (United States), Hexafly (Ireland), HiProMine S.A (Poland), Innova Feed (France), Kulisha (United States), MealFood (Europe), NextProtein (Europe) and Nusect (Europe). Additionally, following companies can also be profiled that are part of our coverage like Proti-Farm (Netherlands), Protix (Netherlands), Tiny Farms (United States) and Ynsect (Europe). Analyst at AMA Research see United States Vendors to retain maximum share of Global Insect Feed market by 2026. Considering Market by Animal Type, the sub-segment i.e. Aquaculture will boost the Insect Feed market.
In 2018, 6,000 tons of insects were produced globally across 15 different countries for food and feed; in Europe, roughly 95 percent of this production was black soldier fly and yellow meal worm.
In September 2018, The Food and Drug Administration (FDA) proposed that the Association Feed Controls officials (AAFCO) allowed use of whole dried insects and protein-meal from insect larvae in poultry feeds which is a joint venture Intrexon Corp. and Darling Ingredients. The FDA and AAFCO collaborate to work in the area of feed regulation, in the setting of definition to describe new feed ingredients.
What Can be Explored with the Insect Feed Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Insect Feed Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Insect Feed
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Insect Feed market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Insect Feed market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Livestock farmers, Government and regulatory bodies, Downstream vendors and Manufacturers, Intermediaries and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.