Global Insect Feed Market Insights Forecasts to 2033

• The Global Insect Feed Market Size was Valued at USD 1.20 Billion in 2023
• The Market Size is Growing at a CAGR of 10.75% from 2023 to 2033
• The Worldwide Insect Feed Market Value is Expected to Reach USD 3.33 Billion by 2033
• North America is Expected to Grow the fastest during the forecast period.

The Insect Feed Market Size is Anticipated to Exceed USD 3.33 Billion by 2033, Growing at a CAGR of 10.75% from 2023 to 2033. 

Market Overview

Packed with sustainability and nutrition, insect feed is becoming more and more popular as a flexible substitute for human consumption, pets, and cattle. It can be used in place of or in addition to conventional feed and comes in pellet and crumble form, satisfying a variety of dietary requirements while promoting environmentally sustainable methods. Insect feed industry expansion is also fueled by the growing acceptability of insects as a source of protein. Higher demand for quality feed products has resulted from the current trend of rising meat consumption, which has led to the use of the feed to boost yields.  Additionally, it has the benefit of being a safer alternative for animal nutrition because it does not spread zoonotic diseases. Additionally, the sector is adopting the product due to its high feed conversion ratio when compared to traditional cattle and poultry. Furthermore, the market has also been boosted by the bioactive components of insects, such as chitin, lauric acid, and antimicrobial peptides, which have established them as innovative feed additives that improve animal gut health. Also, the market share is anticipated to continue growing and to be widely used in the aquaculture and agricultural industries as the advantages of the feed become more apparent in terms of animal nutrition, environmental impact, and overall sustainability. These factors will create an opportunity for manufacturers to stay competitive position in the market using cutting-edge technologies in the insect feed industry.

Report Coverage

This research report categorizes the insect feed market share based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global insect feed industry. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the market.  

Driving Factors

Being a sustainable and eco-friendly feed source is one of the key factors propelling the market's expansion. The nutritional benefits it provides to animals are another important component driving the market. Furthermore, essential nutrients such as protein, amino acids, vitamins, and minerals are abundant in insects by nature. The feed's adaptability and compatibility for a range of animal species propel its market expansion across many industries. Aquaculture, pig, poultry, and dairy nutrition are just a few of the many industries that use the feed. Moreover, insects' high protein content is essential for enhancing animal growth. Farmers are looking for alternative sources of protein to meet the increased demand. During the forecast period, it is expected that all of these factors will propel the worldwide market.

Restraining Factors

The strict laws and guidelines pertaining to the introduction of new insect feed are anticipated to hinder market expansion in the years to come.  

Market Segmentation

The insect feed market share is classified into source and application.

• The mealworms segment is expected to hold the largest share of the insect feed market during the forecast period.       

Based on the source, the market is categorized into mealworms, fly larvae, and others. Among these, the mealworms segment is expected to hold the largest share during the forecast period. The rising aquaculture sector increases demand for high-protein diets, which boosts mealworm adoption even further. Mealworms are high in protein, necessary amino acids, and fatty acids; thus, they are a good choice for improving animal diet sustainability. As consumers and industry prioritize sustainability, mealworms provide an environmentally favorable alternative to traditional feed sources.

• The aquaculture segment is expected to grow at the fastest CAGR during the forecast period.   

Based on the application, the market is categorized into aquaculture, pig, poultry, and others. Among these, the aquaculture segment is expected to grow at the fastest CAGR during the forecast period. In aquaculture, insect feed is an excellent alternative to traditional fishmeal, which is typically sourced from overfished areas. In aquaculture systems, protein-rich composition promotes healthier populations and accelerates fish and shrimp growth. Furthermore, novel techniques and feed formulations improve production efficiency and scalability, making it easier for aquaculture producers to incorporate insect feeds into their diets.

Regional Segment Analysis of the Insect Feed Industry

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Asia Pacific is projected to hold the largest share of the insect feed market over the forecast period.

Asia Pacific is projected to hold the largest share of the global market over the forecast period. Asia Pacific is in need of creative and sustainable feed solutions due to the region's expanding population and growing demand for animal protein. Since the area has a long history of eating insects, there is a comparatively greater acceptance of their use in animal feeding. Furthermore, there is a lot of potential to use insect feed as a substitute protein source for fish and shrimp due to the sizeable aquaculture industry. Additionally, to provide livestock with a high-protein diet, companies have developed innovative insect feeds. The increasing consumption of meat has consequently led to an increase in the need for nutrient-rich insect feed for animals in recent years. Additionally, the industry's investments have helped the nation's insect feed business.

North America is expected to grow at the fastest CAGR growth of the insect feed market during the forecast period.  A growing emphasis in animal nutrition on sustainable and alternative protein sources. The need is driven by the need for resource-efficient solutions in aquaculture and agriculture as well as growing awareness of the effects on the environment. The adoption of insect-based feed products is facilitated by the region's strong livestock and aquaculture businesses. These companies are also expanding their operations and generating capital to satisfy the global need for sustainable animal feed. Consequently, the rise in the cost of conventional animal feeds like fish and soybean meal is stimulating the animal feed market. The FDA and other powerful agencies have deregulated insect feed, which encourages industry growth.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the insect feed market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• EnviroFlight LLC
• Protix BV
• InnovaFeed SAS
• Nasekomo AD
• Ynsect
• Beta Hatch Inc.
• Alltech Coppens BV
• Hipromine SA
• nextProtein
• Enterra Feed Corporation
• Hexafly Enterprises Limited
• Loopworm Private Limited
• Others

Key Market Developments

• In May 2022, Hipromine and WEDA Dammann & Westerkamp GmbH, a provider of feeding technology solutions, announced their collaboration. Weda provides HiProMine with insects, such as Black Soldier Fly (BSFL), as part of this endeavor to help the business enhance its pet and animal nutrition products.

• In February 2022, Protix, an insect farmer that makes proteins for fish, farm animals, and pet feed, raised EUR 50 million (USD 51.4 million) for innovative research and development and for more international expansion.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs) 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the insect feed market based on the below-mentioned segments: 

Insect Feed Market, By Source

• Mealworms
• Fly Larvae
• Others

Insect Feed Market, By Application

• Aquaculture
• Pig
• Poultry
• Others

Insect Feed Market, By Regional

• North America
  • US
  • Canada
  • Mexico

• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe

• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific

• South America
  • Brazil
  • Argentina
  • Rest of South America

• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa