Global Insect Feed Market Was 159447 Kilo US$ In 2019 And Is Expected To 677289 Kilo US$ By The End Of 2025
Warning: date() expects parameter 2 to be long, string given in /www/wwwroot/www.globalinforesearch.com/static/themes/default/info_detail.php on line 32
Insects can be grown on organic waste. Therefore, insects are a potential source for conventional production (mini-livestock) of protein, either for direct human consumption, or indirectly in recomposed foods (with extracted protein from insects); and as a protein source into feedstock mixtures. This report only focuses on the insect products for animal feeding purposes. These insect feed products include fully dried larvae, ready blended meal, insect oil and a few other types of end products.
Insect Feed are mainly classified into the following types: meal worms, fly larvae, others. Fly larvae is the most widely used type which takes up about 64% of the total in 2018 in Global
Insect Feed have aquaculture, Pet Food, Animal Feed, others. And aquaculture was the most widely used area which took up about 45% of the global total in 2018.
The large downstream demand for Insect Feed has been and still remains fairly stable. The Global market size for Insect Feed reached 125469 Kilo US$ in 2019 from 54650 Kilo US$ in 2014.
Europe ranks the top in terms of market size of Insect Feed globally, it consists of 55% of the international market in 2018. North America comes the second, with 19% of the global market. North America, Europe, Asia Pacific, South America, Middle East and Africa together consists of the global insect feed market in the same year.
Proti-Farm ranks the first in terms of revenue share in global market of insect feed, occupies 12% of the global market share in 2018; While, Ynsect, with a market share of 9%, comes the second; All the other manufacturers which are not included in the report together consist of approximately 67% of the Global market in 2018.
In the next five years, the global consumption of Insect Feed will show upward tendency further, market size is expected to be about 677289 Kilo US$ by 2025. Despite the presence of fierce competition and the trend of price decrease, due to the stable demand, together with the development of the related industries. Investors are quite optimistic about this industry. There will be more new investors entering this field in the near future.