Global Black Soldier Fly Market

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 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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FAQs

Based on the application, the black soldier fly market is segmented into animal feed, agriculture, pet food, pharmaceutical, cosmetic, and biofuel.

Decline in fish consumption, poultry, pork, and beef restrains the black soldier fly market, whereas, non-standardized regulatory framework across Europe will challenge market growth.

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 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. 'Protix B.V. ', 'Enterra Feed Corporation ', 'InnovaFeed ', 'EnviroFlight LLC ', 'Bioflytech ', 'Entobel Holding PTE. Ltd. ', 'Entofood ', 'Sfly ', 'Hexafly ', 'F4F ', 'Nutrition Technologies Group ', 'nextProtein'

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.

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.

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.

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Global Black Soldier Fly Market

Report ID: SQMIG30H2153

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