USD 220.50 million
Black Soldier Fly Market Size, Share, Growth Analysis, By Product Type (Protein Meal, Whole Dried Larvae), By Application (Animal Feed, Aquaculture), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG30H2153 |
Region:
Global |
Published Date: December, 2024
Pages:
165
|Tables:
67
|Figures:
75
Black Soldier Fly Market Insights
Black Soldier Fly Market size was valued at USD 240.66 Million in 2023 and is poised to grow from USD 321.76 Million in 2024 to USD 4392.57 Million by 2032, growing at a CAGR of 33.7% during the forecast period (2025-2032).
The Black Soldier Fly (Hermetia illucens) is a revolutionary insect species that provide an alternative meal source to the feed industry. Larvae of the Black Soldier Fly (BSFL) can grow on any organic waste and convert it into high protein and lipid manure. It has emerged as a cheaper protein alternative source for animal feed applications due to its high protein content (40-44%) and lipid content (7-36%). Furthermore, high-quality chitin can be derived from defatted BSF exoskeleton, which is also one of the fastest-growing biopolymers.
The expanding aquaculture industry, increasing demand from the animal feed industry for alternative proteins due to rising soymeal prices, and increasing government approvals of insect meal in livestock feed are some of the major driving factors that help to boost demand for black soldier fly. Many government agencies are collaborating to promote a sustainable supply of safe, healthy feed in the global insect feed industry. Some government officials are advocating for the use of BSF-based products in animal feed, which is increasing demand.
Meat producers are focusing on the nutritional aspects of livestock rearing because it controls several aspects of meat quality due to consumer-driven demands for high-quality meat. Black soldier fly is a dry product with a protein content of 50% to 80%, adding to the animal nutrition value. Additionally, it contains amino acids, which are very easily absorbed by animals. Sales of insects for use in animal feed will therefore increase due to increased efforts to improve the quality of meat through nutrient-infused feed. Insect consumption as a source of animal protein is becoming more popular, drawing attention to this trend. Cost-effectiveness is a major factor in why people choose these as meat substitutes for animals.
US Black Soldier Fly Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Protein Meals
Fastest Growth
Protein Meals
Growth Rate
33.5% CAGR
Global Black Soldier Fly Market, 2021-2028 ($ Mn)
Country Share for North America Region- 2021 (%)
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Black Soldier Fly Market Segmental Analysis
Global Black Soldier Fly Market is segmented by product type, application and region. Based on product type, the market is segmented into protein meal, whole dried larvae, biofertilizers, larvae oil and others (live larvae, adult, cocoon, pupa). Based on application, the market is segmented into animal feed (poultry feed, swine feed, aquafeed, others), aquaculture, pet food, human nutrition, agriculture, waste management and others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Black Soldier Fly Market Analysis by Product
During the forecast period, the protein meal segment is expected to grow rapidly. Some of the major drivers for this segment include increased demand for alternative protein meals from animal feed manufacturers, increased fish meal and soy meal prices, and government support and approval for an insect meal. Moreover, some fish feeding trials have shown that BSF meal is a better substitute for fish meal in aquafeeds.
Black Soldier Fly Market Analysis by Application
In 2021, animal feed held the largest share of the global black soldier fly market. This market's large share is primarily due to the world's growing population and the rapidly increasing demand for meat products. In addition, the use of insects as a protein source for animal feed presents a significant opportunity during the forecasted period.
Global Black Soldier Fly Market By Product, 2021 (%)
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Black Soldier Fly Market Regional Insights
Asia-Pacific held the largest share of the global black soldier fly market in 2021. The Asia-Pacific region accounts for the majority of the market, owing to rising meat and seafood consumption, a growing aquaculture industry, increased awareness of BSF as an alternative protein source for use in animal feed, and an increase in fish meal prices.
Europe is expected to grow rapidly during the forecast period. This region's rapid growth can be attributed primarily to the high demand for protein-rich animal feed; a large supply of waste, including pre-consumer food waste from the agriculture and food and beverage sectors; government approval for BSF products to be used in animal feed, and pet food; and the presence of supportive policies for BSF farming.
The highlighted manufacturers' desire to increase their market share in this sector will drive demand for black soldier fly in the U.S. and Canadian markets. Numerous American manufacturers have increased their production capacity, and many more are in the process of doing so, as interest in the potential use of insects as animal feed in the near future has grown.
Global Black Soldier Fly Market By Geography, 2021-2028
- Largest
- Fastest
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Black Soldier Fly Market Dynamics
Black Soldier Fly Market Driver
- Fish oil and fish meal prices have risen as demand for farmed fish has increased. Insect feed serves as a viable and more profitable protein-rich aqua feed alternative, benefiting market growth as the aquaculture industry expands.
- Meat quality demands have motivated meat producers to focus on the nutritional aspects of livestock rearing, which control several aspects of meat quality. As a dry product, the black soldier fly contains 50% to 80% protein, which contributes to the animal nutrition value. It also contains amino acids that are easily digested by animals. As a result of increased efforts to improve meat quality through nutrient-infused feed, sales of insects for use in animal feed will boost.
- Insect-based animal feed products have also been identified as a lucrative prospect for increased profits by investors. As a result of increased investment by investors, manufacturers have been able to increase production capacities in order to meet the growing demand for insects. This growing interest, combined with manufacturers' increasing production capacities, is expected to drive significant growth in insect-based animal feed.
Black Soldier Fly Market Restraint
- Insect protein is one of the most unusual and promising animal feed proteins owing to its functional, environmental, and nutritional benefits. High costs, legislation, and restricted production capacity continue to be the major obstacles to market growth. Insect-based proteins are generally expensive to generate, and the equipment and techniques required for large-scale manufacturing need to be optimized. Few consumers are willing to pay higher prices for insect protein's health and environmental benefits, but many are priced out of the market.
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Black Soldier Fly Market Competitive Landscape
The market includes both international and domestic participants. The key players profiled in the global black soldier fly market report are AgriProtein (A Part of Insect Technology Group) (England), Protix B.V. (Netherlands), Enterra Feed Corporation (Canada), InnovaFeed (France), EnviroFlight LLC (U.S.), Bioflytech (Spain), Entobel Holding PTE. Ltd. (Singapore), Entofood (Malaysia), Sfly (France), Hexafly (Ireland), F4F (Chile), Nutrition Technologies Group (Malaysia), next protein (France), and Protenga Pte Ltd (Singapore), among others.
Black Soldier Fly Market Top Player’s Company Profiles
- Protix B.V.
- Enterra Feed Corporation
- InnovaFeed
- EnviroFlight LLC
- Bioflytech
- Entobel Holding PTE. Ltd.
- Entofood
- Sfly
- Hexafly
- F4F
- Nutrition Technologies Group
- nextProtein
Black Soldier Fly Market Recent Developments
- In March 2022, Singapore-based company Protenga Pte Ltd, has raised a debt funding of USD 2 Million from a Singapore capital firm. This capital will be used to develop a new insect-based pet food product under the brand of YumGrubs.
- In February 2022, Innovafeed announced that it will expand its pet food chain to a commercial scale in the United States thanks to the merger with the pet food company ADM petfoods.
- In January 2021, Aspire Food Group and its collaborators were awarded approximately USD 13.2 million from Next Generation Manufacturing (NGen) to help construct a cricket protein plant in Canada.
- In January 2021, EnviroFlight LLC constructed its first commercial production plant in Kentucky, United States, to expand its production of insect protein from black army flies. The construction of this new facility cost approximately USD 32 million.
Black Soldier Fly Key Market Trends
- Protein as a food-nutritional component is in high demand because to the growing world population and wellbeing. The use of insect-based protein in the food & beverage market has been growing due to the increasing need for alternative protein among food & beverage makers to meet customers' increasing demand.
- Protein is ubiquitous for today's customers, from next-generation plant-based meats to on-the-go protein snacks to dairy protein bioactive for sports performance. Buyers' growing interest in protein is spawning new economic prospects centered on the functional benefits of various proteins, dietary protein diversity, and new protein sources.
- Insect protein is used in a variety of goods, including animal feed, food and beverage, cosmetics, and personal care products. As the world's population grows, so does the demand for food goods. Insect protein has a lot of potential in eliminating world hunger.
Black Soldier Fly Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, food scarcity is becoming a major concern around the world as the world's population grows. As a result of the shortage of land for cattle production and water supplies, meeting this rising demand is becoming increasingly difficult. As a result, insect protein is the best feasible substitute for traditional protein because it uses a fraction of the resources. Taste, texture, and appearance are some of the most important sensory characteristics to consider when developing insect protein-based products. Apart from that, rules established by governments and associated edible insect organizations aid in earning consumer confidence by providing assurance of safety and hygiene.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 240.66 Million |
| Market size value in 2032 | USD 4392.57 Million |
| Growth Rate | 33.7% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Black Soldier Fly Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Black Soldier Fly Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Black Soldier Fly Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Black Soldier Fly Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Black Soldier Fly Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Black Soldier Fly Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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