Insect Farming - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Insect (Silkworms, Honeybees, Waxworms, Lac Insects, Cochineal, Crickets, Others), By Product (Whole Insect, Insect Protein, Insect Oil, Others), By Application (Silk, Lac, Honey, Animal Feed, Food Colorant, Insect Protein Bars & Protein Shakes, Insect Baked Products & Snacks, Others), By Region and Compe
Published Date: February - 2025 | Publisher: MIR | No of Pages: 320 | Industry: Agriculture | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationInsect Farming - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Insect (Silkworms, Honeybees, Waxworms, Lac Insects, Cochineal, Crickets, Others), By Product (Whole Insect, Insect Protein, Insect Oil, Others), By Application (Silk, Lac, Honey, Animal Feed, Food Colorant, Insect Protein Bars & Protein Shakes, Insect Baked Products & Snacks, Others), By Region and Compe
The global insect farming market, valued at around USD 1.5 billion in 2023, is projected to reach USD 2 billion by 2033, growing at a CAGR of 4.3%
The global insect farming market is anticipated to grow at an impressive CAGR in the forecast period, 2024-2028. The market growth can be attributed to growing use of insects as an ingredient in foodstuffs across various cuisines.
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Edible insects are rich in proteins, healthy fats, iron, and calcium, and low in carbohydrates, even more nutritious than most consumed meats, such as beef, chicken, and others. Increasing greenhouse gas emissions from the livestock and poultry farming has led to a surge in need for finding cheap and sustainable protein alternatives, which is contributing to the growth of global insect farming market. Insect farming involves breeding, rearing, and harvesting of various types of insects that can be utilized for consumption purposes, and for the commodities they produce such as silk, honey, lac, and others.
For instance, The American Association of Feed Control Officials, whose members control the sale and distribution of animal feeds in the U.S., has accepted the larvae as feed for poultry, certain fish, and pigs.
. For instance, almost 2 billion people across the world eat bugs on a regular basis which is over 25 percent of the world’s population.
For instance, Protix, a producer of sustainable ingredients from insects, declared it has obtained $57.2 million investments from the European Circular Bioeconomy Fund (ECBF), the Prince Albert II Fund, BNP Paribas, and The Good Investors. The investments were also funded by the company’s existing backers Aqua-Spark, Invest-NL, and Rabo Investments.
Market Segmentation
The global insect farming market is segmented by insect, product, application, and regional distribution. Based on insect, the market is divided into silkworms, honeybees, waxworms, lac insects, cochineal, crickets, others. Based on product, the market is divided whole insect, insect protein, insect oil, others. Based on application, the market is divided into silk, lac, honey, animal feed, food colorant, insect protein bars & protein shakes, insect baked products & snacks, others. In terms of country, the United States is expected to be a lucrative market in the forecast period due to rising number of tech startups in the country.
Market Players
Several companies are leading the way in insect farming, focusing on various applications such as animal feed, human consumption, and waste management. Notable players include
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Ynsect A French company specializing in the breeding of insects for animal feed and plant fertilizers. Ynsect operates one of the world's largest insect farms, producing high-quality protein and oil from mealworms.
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Protix Based in the Netherlands, Protix is a multinational manufacturer and supplier of insect ingredients for animal feed and human consumption. The company operates the world's largest insect factory, located in Bergen op Zoom.
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Beta Hatch An American company focused on breeding black soldier flies for animal feed, aiming to provide sustainable protein alternatives.
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Farmers Business Network A U.S.-based company involved in insect farming, contributing to the development of sustainable agricultural practices.
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Flourish Farm A company dedicated to producing insect-based products for various applications, including animal feed and fertilizers.
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Attribute |
Details |
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Base Year |
2022 |
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Historic Data |
2018 – 2021 |
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Estimated Year |
2023 |
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Forecast Period |
2024 – 2028 |
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Quantitative Units |
Revenue in USD Million, and CAGR for 2018-2022 and 2024-2028 |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
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Segments covered |
· Insect · Product · Application |
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Regional scope |
North America; Asia Pacific; Europe & CIS; South America; Middle East & Africa |
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Country scope |
United States; Canada; Mexico; China; India; Japan; South Korea; Australia; Singapore; Thailand; Germany; United Kingdom; France; Italy; Spain; Brazil; Argentina; Colombia; Saudi Arabia; South Africa; UAE |
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Key companies profiled |
Viscon Group, Bühler Insect Technology Solutions, Protenga Pte. Ltd., nextProtein SAS, NextAlim SAS, AgriProtein Holdings UK Ltd, Ÿnsect SAS, Thai Union Group, Deli Bugs Ltd., EntoCube Ltd. |
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Customization scope |
10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
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Pricing and purchase options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
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Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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