Black Soldier Fly Market

The global Black Soldier Fly Market is valued at USD 422.8 Million in 2024 and is projected to reach a value of USD 8339.2 Million by 2035 at a CAGR (Compound Annual Growth Rate) of 31.00% between 2025 and 2035.

Key highlights of Black Soldier Fly Market

• Europe dominated the market in 2024, obtaining the largest revenue share of 33.3%.
• The Animal Feed segment dominated the Black Soldier Fly market with the largest market share of 47.9% in 2024.
• The Protein Meals segment dominated the Black Soldier Fly market with the largest market share of 39.4% in 2024.
• The technological factors consist of the relevant current and future technological innovations and the new and advanced innovations in proteins are favorable for the growth of the market.

Black Soldier Fly Market: Regional Overview

Europe Dominated Sales with a 33.3% share in 2024. The demand for black soldier fly is increasing in Europe due to its high nutritional value. The larvae of black soldier fly are a good source of protein, essential lipids, minerals, and vitamins. In addition, they are a great source of chitin and other bioactive substances. As a result, the European cattle industry finds them to be a desirable feed element. The number of the unsettled to the number of the unsettled who’s to of, and a little.se to Due to this, the reliance on conventional feed sources like fishmeal and soybean meal has decreased. The high demand for protein-rich animal feed, the abundance of waste, including pre-consumer food waste from the food and beverage industry, the government's approval of BSF products for use in pet food and animal feed, and the existence of policies that encourage BSF farming are the main causes of the region's rapid growth.

Rest of Europe Black Soldier Fly Market Overview

In rest of Europe Netherlands, Switzerland, Greece, Poland, etc. are considered. The expanding pet food product portfolio investments are the primary driver of Switzerland's pet food market growth. The leading pet food manufacturers are investing significantly in the premium pet food market. Also, many businesses are diversifying their product offerings to give customers more choices. For instance, regarding value share, Mars Schweiz remained the market leader in dog food in 2020. The business continued to profit from a broad portfolio of well-known, powerful brands backed by substantial marketing and research expenditures that enabled effective advertising activities and innovations. Another business that consistently invests in marketing and introducing new products to satisfy consumer interests and stay one step ahead of the competition is Vitakraft Schweiz.

The global Black Soldier Fly market can be categorized as Application, Product, and Region.

Black Soldier Fly Market: Application Overview

In 2024, the Animal Feed segment dominated the market, with the largest share accounting for 47.9% of the overall market. The Black Soldier Fly market, segmented by the Application, includes Animal feed, agriculture, pet food, pharmaceuticals, cosmetic, and biofuels. The significant market share is mostly related to the rising demand for meat products and the expanding world population. During the anticipated period, there is also a fantastic possibility to use insects as an alternate protein source for animal feed. The primary drivers of the market's expansion are the increased demand for meat and other animal products and the resulting rise in commercial livestock production. Due to the increased health consciousness among consumers, there is a burgeoning demand for dairy and meat products as a source of various nutrients, positively impacting the animal feed requirement. Another significant reason fueling the market's expansion is growing knowledge of the advantages algae-based compounds in animal feed have for human health.

Black Soldier Fly Market: Product Overview

In 2024, the Protein Meals segment dominated the market, with the largest share accounting for 39.4% of the overall market. The Black Soldier Fly market, segmented by the Product, includes Protein Meals, Biofertilizers, Chitin/Chitosan, and Other Product. Key factors driving this market are the rising need for alternative protein meals from animal feed producers, rising costs for soy and fish meals, and government backing and permission for an insect meal. Also, certain fish-feeding studies have effectively shown that BSF meal is a superior replacement for fish meal in aquafeeds. The high-quality protein the black soldier fly provides is one reason it is becoming increasingly well-liked these days. This bug is becoming increasingly popular as people learn more about its advantages. This insect is a fantastic source of minerals, good lipids, and protein. BSF larvae are also simple to grow and only need a little room or specialized tools. They are, therefore, a great choice for hobbyists and small-scale growers.

Key Trends

• In 2024, the animal feed category dominate the market and is projected to continue its dominant position in the coming years.
• In 2024, the protein meals had a major share. Moreover, protein meals category to witness the fastest growth over the forecast period.
• In 2024, Europe Region had a major share in the market. However, the Asia Pacific to witness the fastest growth during the forecast period.

Premium Insights

The global market is projected to witness a substantial growth. This is majorly due to the increase in demand for technogically advanced products. As COVID-19 waves hit the countries worldwide, the demand for BSF is expected to witness susbtantial growth in the long run. The major companies are continously investing heavily to enhance the production which is projected to enhance the global market growth over the coming years. The steady growth in the demand of protein and increased investments by major companies for the adoption of advanced technologies are presumed to be favorable for market growth.

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Market Dynamics

Increasing Need for Sustainable Sources of Protein Will Fuel the Black Soldier Fly Market's Growth

Black soldier flies are becoming increasingly popular since they are a sustainable and healthful source of protein. The black soldier fly's larvae can create a wide range of foods and products since they are rich in protein and other vital components. Because they may be used to recycle organic waste, black soldier fly larvae are also eco-friendly. Because black soldier flies are a secure and beneficial source of protein, demand for them is also rising. Black soldier fly larvae are a healthy source of protein for both people and animals since they are rich in protein and other vital nutrients. Also, a variety of goods that are healthy for both people and animals to consume can be made from black soldier fly larvae.

Increasing demand of meat

Meat producers focus on the nutritional aspects of livestock raising since it regulates various aspects of meat quality due to consumer-driven demands for high-quality meat. Growing meat consumption is fueling the growth of the fresh meat sector. According to data from the Australian Department of Agriculture, Water, and the Environment, meat consumption in Australia has increased by 58% over the last 20 years, reaching 360 million tonnes. In 2024, Spain's population consumed 46.2 kg of meat per person, with chicken being the most popular type of fresh meat. A study published in an international journal suggests that eating red meat, processed meat, and chicken may raise your risk of cardiovascular disease by 3-7% and your likelihood of dying from any cause by 3%, respectively. Black soldier fly is a dry product with a 50% to 80% protein content, adding to the animal nutrition value. Moreover, it contains amino acids, which mammals very easily absorb. Therefore, sales of insects for use in animal feed will increase due to greater efforts to improve the quality of meat through the nutrient -infused feed.

Competitive Landscape

The global market is a competitive and fragmented market due to the high presence of players in the market. Only a few companies account for a major market share, and hence, the degree of competition among the suppliers is high as the players in the market are active at global, regional, and country level. Also, the increasing rivalry between the players to obtain the majority of the market share for global has played a major role in intensifying the level of competition. The key companies in the global market are majorly focusing on partnerships and collaborations, mergers and acqusitions, and new product launch. The Major key players are Protix B.V, InnovaFeed, EnviroFlight LLC, Entobel Holding PTE. Ltd, Bioflytech, Entofood, Hexafly, Sfly, Nutrition Technologies Group, Protenga Pte Ltd.

Recent Developments

• In February 2022, For the first time in the insect food and feed industry, Protix and Hendrix Genetics have shown that animal selection in Black Soldier Fly (BSF) can have considerable advantages. The longest insect selection program in history has materialized and succeeded.