Black Soldier Fly Market
Black Soldier Fly Market - Global Industry Assessment & Forecast
- By Product Protein Meals, Biofertilizers, Chitin/ Chitosan, Others
- By Application Animal Feed, Agriculture, Pet Food, Pharmaceutical, Cosmetic, Biofuel
- By Region North America, Europe, Asia Pacific, Middle East & Africa, Latin America
|Forecast Years:||2022 - 2028|
|Historical Years:||2016 - 2021|
|Revenue 2021:||USD 180 Million|
|Revenue 2028:||USD 1,400 Million|
|Revenue CAGR (2022 - 2028):||34.00%|
|Fastest Growing Region (2022 - 2028)||Europe|
|Largest Region (2021):||Asia Pacific|
- Cross-segment Market Size and Analysis for Mentioned Segments
- Additional Company Profiles (Upto 5 With No Cost)
- Additional Countries (Apart From Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request Customization Speak To Analyst
Black Soldier Fly Market: By Product and Application
Global black soldier fly market is valued at USD 180 Million in 2021 and projected to attain a value of USD 1,400 Million by 2028 at a Compound Annual Growth Rate (CAGR) of 34.00% during the forecast period, 2022–2028.
Black Soldier Fly Market Size, 2021 To 2028 (USD Million)
The black soldier fly is a species of fly that is found all over the world. It is most commonly found in tropical and subtropical climates, but it can also be found in temperate climates. The black soldier fly is an important part of the food web because it helps to recycle nutrients and organic matter. The black soldier fly is also an important source of food for other animals. Many animals, including birds, turtles, and fish, eat the black soldier fly larvae. This makes the black soldier fly an important part of the food chain.
Growing Demand for Healthy and Sustainable Source of Protein to Drive Growth of Black Soldier Fly Market
The demand for black soldier fly is increasing because it is a healthy and sustainable source of protein. The larvae of the black soldier fly are high in protein and essential nutrients, and they can be used to make a wide variety of foods and products. Black soldier fly larvae are also environmentally friendly because they can be used to recycle organic waste materials. The demand for black soldier fly is also increasing because it is a safe and healthy source of protein. Black soldier fly larvae are high in protein and essential nutrients, and they are a safe source of protein for humans and animals. Black soldier fly larvae can also be used to make a variety of foods and products that are safe for humans and animals to eat.
Below tree is interactive. You can click the nodes to get more information.
By Product, Protein Segment to Witness Fastest Growth in Black Soldier Fly Market
The black soldier fly is gaining more and more popularity these days due to the high-quality protein it offers. The demand for this insect is increasing rapidly, as people are becoming more aware of its benefits. This insect is a great source of protein, healthy fats, and minerals. It also contains all the essential amino acids needed by the human body. Hence, it can be a great addition to one's diet. In addition, BSF larvae are easy to cultivate and do not require much space or special equipment. This makes them an ideal option for small-scale farmers and homesteaders.
Europe to Continue Holding Dominance in Global Black Soldier Fly Market
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. They are also a rich source of chitin and other bioactive compounds. This has made them an attractive feed ingredient for the European livestock industry. Black soldier fly larvae can be used to replace up to 50% of the traditional feed ingredients in poultry and aquaculture diets. This has helped reduce the dependence on traditional feed sources such as fishmeal and soybean meal. Black soldier fly is also being used to produce biogas and renewable energy. Its high conversion efficiency makes it an attractive option for renewable energy production. All these factors are contributing to the increasing demand for black soldier fly in Europe.
Protix B.V. (Netherlands), InnovaFeed (France), Enterra Feed Corporation (Canada), EnviroFlight LLC (U.S.), AgriProtein (A Part of Insect Technology Group) (England), Entobel Holding PTE. Ltd. (Singapore), Bioflytech (Spain), Entofood (Malaysia), Hexafly (Ireland), Sfly (France), Nutrition Technologies Group (Malaysia), F4F (Chile), Protenga Pte Ltd (Singapore), and nextProtein (France).
Black Soldier Fly Market is segmented as follows:
Regions & Countries Covered
Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST
analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market
attractiveness analysis by segments and North America, company market share analysis, and COVID-19
Black Soldier Fly Market is tabulated as follows:
Frequently Asked Question
The global Black Soldier Fly valued at USD 180 Million in 2020 and is expected to reach USD 1,400 Million in 2028 growing at a CAGR of 34.00%.
The prominent players in the market are Protix B.V. (Netherlands), InnovaFeed (France), Enterra Feed Corporation (Canada), EnviroFlight LLC (U.S.), AgriProtein (A Part of Insect Technology Group) (England), Entobel Holding PTE. Ltd. (Singapore), Bioflytech (Spain), Entofood (Malaysia), Hexafly (Ireland), Sfly (France), Nutrition Technologies Group (Malaysia), F4F (Chile), Protenga Pte Ltd (Singapore), and nextProtein (France)..
The market is project to grow at a CAGR of 34.00% between 2021 and 2028.
The driving factors of the Black Soldier Fly include
- Rising Global Meat Demand
Asia Pacific was the leading regional segment of the Black Soldier Fly in 2020.