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Global Edible Insects For Animal Feed Market Forecast to 2030- COVID-19 Impact and Analysis By Insect Type (Black Soldier Fly, Orthoptera, Housefly, Silkworm, Mealworm, and Others); Product (Meal, Oil, and Whole); Application (Livestock, Aquaculture, and Pet Food); and Geography

  • Industry : Food & Beverage
  • No. of Pages : 200
  • Report Code : YVFB10035

Global Edible Insects For Animal Feed Market Overview

Insect feed is used as a source of the meal for various animals, including livestock fish, poultry, and pet food. Edible insects are a high nutrient-dense food, vitamins, high in protein, and minerals and offer many benefits. It also contains amino acids, which are highly digestible for animals. Some insects contain antimicrobial peptides, lauric acid, and chitin. This makes an ideal alternative to conventional protein sources in animal nutrition. The rising need for novel and diverse sources of protein to feed the animals, and the rapid expansion of the aquaculture and poultry sector across the globe are fueling the demand for edible insects for animal feed market during the forecast period.

The various benefits of edible insects over conventional meals such as high nutritional value, more protein, low fat, and low risk of transmitting zoonotic diseases are anticipating in the growth of the edible insects for animal feed market. However, low awareness regarding edible insects and their health & environmental benefits may hamper the growth of the edible insects for animal feed market. Also, in countries such as India cultural beliefs, scarce distribution channels, and the absence of a legal blueprint with respect to the insects are anticipated to restrain the edible insects for animal feed market growth. Furthermore, the rising demand for good quality protein in the livestock and aquaculture industry along with the high utilization of insect feed in the zoos and pet markets are influencing the edible insects for animal feed market over the forecast period 2021-2030. Insect feed is increasingly used in pig and poultry nutrition, and both this sector witness high demand as the rising population across the world. Hence, the demand for consumption and production of edible insects is increasing pertaining to their high demand, thereby fueling the demand for edible insects for animal feed market globally. Moreover, edible insect feed companies are focusing on introducing new and ingredient-specific products and new methods in nutritious protein feed products, which are expected to provide ample growth opportunities for the edible insects for animal feed market players in the coming years. 

·        Expansion of the aquaculture and livestock sector and growing demand for nutritional animal feed

The growing population is rising demand for food, which results in the expansion of the aquaculture, poultry, and livestock sector. Due to the high feed conversion ratios, high feed quality, and reduced greenhouse gas (GHG) emissions, and minimizing damage to the environment, the edible insects feed market is witnessing higher growth. The edible insects have high demand among these sectors as comparable to meal owing to good quality protein and key ingredients. Additionally, these insect’s food is being used in poultry and pig nutrition. Edible insect feed supplies nutrition promoting healthy growth in livestock as well as other animal feed. Thereby, increasing demand for protein rich food from livestock, fish, and poultry sector is booming the demand for edible insects for animal feed market. The requirement of nutritional animal feed and expansion of the aquaculture and livestock sector are driving the growth of edible insects for animal feed market growth. Furthermore, the farmers and poultry businesses across the globe are seeking alternative and inexpensive sources of protein, thereby, the edible insects for animal feed market will witness attractive growth opportunities in the future.

COVID-19 Impact on Global Edible Insects For Animal Feed Market

The COVID-19 pandemic has largely impacted globally since December 2019. According to the latest World Health Organization (WHO) report, the US, India, Russia, Brazil, Italy, France, Argentina, Spain, Colombia, the UK, and Mexico are some of the worst affected countries due to the COVID-19. The pandemic is hampering the growth of economies worldwide, and it is likely to continue in 2021. The outbreak of the covid-19 pandemic has both advantages and disadvantages in all the sectors. The outbreak disrupts various industries, such as manufacturing, construction, automotive, textiles, chemicals, cosmetics, tourism, hospitality, consumer goods, transportation, IT and telecom, pharmaceutical, and among others. This results in several obstacles in the supply chain of raw materials required for packaging, resulting in demand-supply gaps. This scenario is expected to a negative impact on the global edible insects for animal feed market.

With Corona Virus Disease 2019 (COVID-19) pandemic, the world is fighting against Covid-19 pandemic and also economic pandemic, almost impacting trillions of dollars of revenues. Our company brings a high-level insight as well as very deep insights relevant to several promising markets. The study will cover:

·        Rapid shifts in top 100 companies across each sector

·        Growth and decline in each sector due to COVID-19 pandemic

 

Global Edible Insects For Animal Feed Market Strategy

Players operating in the global edible insects for animal feed market are mainly focusing on the adoption of various strategies to expand their footprint across the world and taking the initiative for the development of efficient and advanced products.

·        In 2020, Beta Hatch Inc. raised $3m Series A1 funding from Wilbur-Ellis’ venture capital arm, Cavallo Ventures, and early-stage venture firm Innova Memphis for animal feed startup.

·        In 2020, Nestlé launched the new range of its Purina pet food which is made from insect protein specifically black soldier fly larvae. The company builds on alternative proteins to make better use of the planet’s resources. The new line includes insects as well as plant protein from fava beans and millet.

Geographical Framework

The global edible insects for animal feed market report offers a complete overview of the industry including both qualitative and quantitative information. It offers a complete overview and forecast of the global edible insects for animal feed market based on various segments. It also offers market size and forecast estimation from the year 2018 to 2030 with respect to four major regions North America, Europe, Asia-Pacific (APAC), Latin America & Middle East and Africa (LAMEA). The global edible insects for animal feed market by each region is further sub-segmented across respective countries and segments. The global edible insects for animal feed market report covers a complete analysis and forecast across all regions along with the current trend and opportunities happening in the region.

The report analyzes aspects that are mainly affecting the global edible insects for animal feed market from both the demand and supply side and afterward estimates market dynamics affecting the global edible insects for animal feed market globally over the forecast period i.e., drivers, restraints, opportunities, and future trends. The global edible insects for animal feed market report also offers exhaustive PEST analysis for all four regions namely; North America, Europe, APAC, LAMEA after evaluating political, economic, social, and technological factors affecting the global edible insects for animal feed market in these regions. This information can help stakeholders to make appropriate decisions before investing. The global edible insects for animal feed market report also describes Porter’s five forces analysis which examines the five forces that make a company competitive while helping identify its strength and weakness. The global edible insects for animal feed market analysis will also identify competition, new entrants in the market, supplier power, buyer power, and threat of substitute products and services in the global edible insects for animal feed market.



Global Edible Insects For Animal Feed Market Insights

The global edible insects for animal feed market study offers a complete overview of leading companies and their successful marketing strategies and market contribution, such as business overview, key financial information, SWOT analysis, NOISE analysis, improvement Venn diagram and strategies, such as recent developments, market expansion, partnership, merger & acquisitions, product launch, product update, and other contexts. By examining the data collected from primary and secondary methods, the global edible insects for animal feed market report offers actionable insights into future growth based on inputs from industry experts to help readers formulate effective strategies. The global edible insects for animal feed market report also covers the investment pocket analysis for various verticals with respect to the market.

 

Global Edible Insects For Animal Feed Market Segmentation

 


 

Global Edible Insects For Animal Feed Market – by Insect Type

·        Black Soldier Fly

·        Orthoptera

·        Housefly

·        Silkworm

·        Mealworm

·        Others

Global Edible Insects For Animal Feed Market – by Product

·        Meal

·        Oil

·        Whole

Global Edible Insects For Animal Feed Market – by Application

·        Livestock

·        Aquaculture

·        Pet Food

Global Edible Insects For Animal Feed Market – by Geography

·        North America

o   US

o   Canada

o   Mexico

·        Europe

o   Germany

o   France

o   Italy

o   UK

o   Russia

o   Spain

o   Netherlands

o   Rest of Europe

·        Asia-Pacific (APAC)

o   China

o   India

o   South Korea

o   Japan

o   Australia

o   Singapore

o   Rest of APAC

·        LAMEA

o   Latin America

o   Middle East

o   Africa

Key Players

1.      Alltech Coppens

2.      Agriprotein

3.      Beta Hatch Inc.

4.      Enterra Corporation

5.      EnviroFlight, LLC

6.      FishScience 

7.      Hexafly

8.      HiProMine S.A

9.      Innovafeed

10.   Kreca Ento-Feed BV

11.   nextProtein

12.   Nutrition Technologies Group

13.   Protenga

14.   Protix

15.   Ynsect

Brand Recall

Brand awareness is the methodology by which customers are able to recall or recognize a brand (unaided/aided) under several different conditions with respect to global edible insects for animal feed market. These strategies will help the company to make people more aware of your brand — especially by targeting relevant, high-quality audiences for global edible insects for animal feed market.

 

Key Questions Answered

·        Several players are operating in the edible insects for animal feed market globally. Do you know who is leading the overall global edible insects for animal feed market, and what strategies have been adopted by them?

·        What are the upcoming trends in the global edible insects for animal feed market? What impact would these trends make in the coming years for the global edible insects for animal feed market?

Key Benefits For Stakeholders

·        This study presents the analytical description of the global edible insects for animal feed market analysis along with the current trends and future estimations to describe coming up investment pockets

·        The complete global edible insects for animal feed market opportunity is resolute by knowing profitable trends to gain a stronger foothold

·        The report describes insights associated with key drivers, restraints, and opportunities of the global edible insects for animal feed market with thorough impact analysis

·        The current global edible insects for animal feed market is quantitatively analyzed from 2018 to 2030 to focus on the monetary ability

·        PEST analysis defines the potency of the consumers and suppliers in the edible insects for animal feed industry

·        The Porter’s five forces analysis examines the five forces that makes a company competitive while helping identify its strength and weakness. The analysis will also identify competition, new entrants in the market, supplier power, buyer power, and threat of substitute products and services in the global edible insects for animal feed market

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