Canada Black Soldier Fly Market

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.

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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).

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. ' Enterra Feed Corporation ', ' Beta Hatch Inc. ', ' Hermetia Biosciences ', ' AgriProtein ', ' Symton® BSF ', ' Protix ', ' InnovaFeed ', ' Nutrinsect ', ' Hexafly ', ' NextProtein ', ' Ynsect ', ' Bioflytech ', ' Agriprotein Holdings Ltd. ', ' Protenga ', ' Aspire Food Group ', ' Horizon Insects ', ' Grubbly Farms ', ' Entobel ', ' BSF Biotech ', ' Entosystem '

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.

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.

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.

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Canada Black Soldier Fly Market

Report ID: SQMIC30C2150

$3,500
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