USD 0.16 billion
Canada Black Soldier Fly Market Size, Share, Growth Analysis, By Application(poultry, aquaculture, pet food, livestock and others), By Product(whole insect, protein meal, oil, frass), By Region - Industry Forecast 2025-2032
Report ID:
SQMIC30C2150 |
Region:
Country |
Published Date: February, 2024
Pages:
242
|Tables:
66
|Figures:
75
Canada Black Soldier Fly Market Insights
Canada Black Soldier Fly Market size was valued at USD 0.21 Billion in 2023 and is poised to grow from USD 0.27 Billion in 2024 to USD 2.3 Billion by 2032, growing at a CAGR of 30.5% during the forecast period (2025-2032).
The expanding aquaculture sector, increased demand for alternative proteins in the animal feed sector, and expanding government and industry support for the Canadian BSF sector are the main drivers of this market. Aside from changing eating habits and economic prosperity, the population is expanding dramatically. By 2050, there will likely be a 70% rise in demand for animal products as a result of these reasons. Due to increased feed costs, the prices of goods derived from animals are rising steadily. Currently, the cost of feed makes about 60–70% of the overall cost of raising cattle. Most of the protein used in feed comes from fish and soybean meal. These sources do, however, also meet the needs of people who need food. Additionally, the over-exploitation of marine resources has reduced the supply of fish meals, driving up the price of these feed components quickly. As a result, there is increasing demand in employing BSF as a feed element as people look for environmentally friendly options.
According to an FDA research, broiler quails and chickens had meat with a suitable flavor, fragrance, and nutritional makeup when soybean and fishmeal were swapped out for BSF larval meal in amounts ranging from 10 to 56%. This study by Van Heugten, Martinez, McComb, and Koutsos (2019) shown the usefulness of BSF oil for growing pigs. It was determined that the nursery pigs benefited from the replacement of maize oil.
Canada 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 meal
Fastest Growth
protein meal
Growth Rate
30.5% CAGR
Canada Black Soldier Fly Market ($ Bn)
Country Share for Canada (%)
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Canada Black Soldier Fly Market Segmental Analysis
Canada Black Soldier Fly Market is segmented based on application and product type. Based on application the Canada Black Soldier Fly Market is divided into poultry, aquaculture, pet food, livestock and others. Based on product the Canada Black Soldier Fly Market is divided into whole insect, protein meal, oil, frass, and others.
Canada Black Soldier Fly Market Analysis by Application
The animal feed market is anticipated to see substantial expansion over the course of the forecast period, depending on application. The increasing demand for animal-derived goods and the ensuing rise in the price of protein-rich animal feed, as well as the government's approval of BSF for use as a feed additive, are mostly to blame for this market segment's quick expansion.
Canada Black Soldier Fly Market Analysis by Type
Based on product type, the protein meals market is predicted to have considerable growth in terms of value and volume over the projected period. The increasing need for alternative protein meals from manufacturers of animal feed, growing costs for soy and fish meals, and government support and approval for an insect meal are a few of the major drivers propelling this industry. Furthermore, research on fish feeding has successfully demonstrated that BSF meal is a good substitute for fish meal in aquafeeds.
Canada Black Soldier Fly Market By product
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Canada Black Soldier Fly Market Regional Insights
Geographically, it is predicted that in 2022, the Canadian market would account for the greatest portion of the world market for black soldier flies. The significant market share is primarily related to the expanding aquaculture sector, growing interest in alternate sources of protein for use in animal feed, and rising fish meal costs. During the projection period, this area is anticipated to develop at the fastest CAGR. Additionally, this region is anticipated to own the highest proportion of the worldwide black soldier fly market in terms of volume in 2022.
Canada Black Soldier Fly Market By Region
- Largest
- Fastest
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Canada Black Soldier Fly Market Dynamics
Canada Black Soldier Fly Market Drivers
Its Advantages over Other Alternatives to Boost Its Demand during Forecast Period
- Numerous feed products are being suggested as alternatives due to the escalating resource deficit, with insects garnering the most attention. Insects are present in food because of their benefits to human health, the economy, and the environment. An expanded focus on insects is one of several tactics being used to ensure animal feed security on a worldwide scale. In comparison to other traditional feed items, insects have a high protein content and outstanding production efficiency.
- To generate the same amount of protein, the black soldier fly consumes four times as little feed as sheep, twelve times as little as cattle, and only half as much as broiler chickens and pigs. Egg production increased by 2.4% when dried insect meal was substituted for fish meal.
Canada Black Soldier Fly Market Restraints
Strenuous Manufacturing and Marketing Procedure to Hinder Market Growth
- The manufacturing cycle and marketing procedure encountered challenges in the animal feed sector. Reduced marketing options, restrictions on import and export trade, and diminished buying power are a few more aspects of the animal feed sector that endanger BSF farmers. The sustainability of BSF production systems in Canada at the beginning of 2020 has been gravely jeopardized by this predicament.
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Canada Black Soldier Fly Market Competitive Landscape
Business organisations are concentrating on organic growth techniques such product launches, product approvals, and others like patents and events. Acquisitions and partnerships & collaborations were examples of inorganic growth tactics that were observed in the market. The expansion of the businesses and clientele of market participants has been made possible by these actions. With the increasing demand for Black Soldier Fly in the international industry, market players from that sector should have profitable growth chances in the future. Listed below is a small selection of businesses active in the Black Soldier Fly market.
Canada Black Soldier Fly Market Top Player's Company Profiles
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Enterra Feed Corporation
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Beta Hatch Inc.
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Hermetia Biosciences
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AgriProtein
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Symton® BSF
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InnovaFeed
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Nutrinsect
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Hexafly
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NextProtein
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Ynsect
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Bioflytech
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Agriprotein Holdings Ltd.
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Protenga
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Aspire Food Group
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Horizon Insects
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Grubbly Farms
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Entobel
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BSF Biotech
Canada Black Soldier Fly Market Recent Developments
- In April 2022, Entosystem, which helps Québec produce its own food, is pleased to announce that a new factory will be built in Drummondville as a result of more than $60 million in public and private investments. Entosystem uses a zero-waste technique to recycle organic waste from the agri-food sector of Québec into a variety of goods that are beneficial to the environment.
- By 2024, constructing a new facility, a scientist from Nova Scotia who makes protein from insects hopes to greatly increase business operations. Oberland Agriscience's CEO and founder, Greg Wanger, expressed his expectation that the expansion will enable his business to produce high-quality protein with minimal negative effects on the environment.
Canada Black Soldier Fly Key Market Trends
- AgriInnovate, a five-year initiative that aids companies in commercializing cutting-edge agricultural-based goods, technologies, processes, or services that boost productivity and sustainability. These investments will provide domestic black soldier fly producers the ability to compete worldwide. The Canadian government has made investments in this industry before. The AgriInnovate program also provided CAD$ 6 million ($4.64M / €4.44M) to Entosystem, a Quebec-based provider of technology solutions for insect breeding, and Enterra Feed Corporation, a company based in Alberta, to support the development of their novel methods for using black soldier flies to create products high in protein.
Canada 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 utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Canada Black Soldier Fly Market analysis, the market is growing and will grow at a steady rate due to government support and increased technological advancement. With the production of products like protein meal, a less expensive alternative protein source to fishmeal or soybean meal for pig, poultry, and fish feeds, the black soldier fly's capacity to transform organic waste into high-quality nutrition has quickly opened up economic prospects. So, in the upcoming years, it is anticipated that the market for black army flies would rise due to the government's rising support for the approval of the use of insect meal in feed.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 0.21 Billion |
| Market size value in 2032 | USD 2.3 Billion |
| Growth Rate | 30.5% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| 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 Canada 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 Canada 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 Canada 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 Canada 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 Canada 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 Canada 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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