USD 65.45 million
Report ID:
SQMIG15A2140 |
Region:
Global |
Published Date: July, 2024
Pages:
157
|Tables:
69
|Figures:
74
Insect Fertilizers Market size was valued at USD 0 Million in 2023 and is poised to grow from USD 0 Million in 2024 to USD 0 Million by 2032, growing at a CAGR of 24.3% during the forecast period (2025-2032).
By giving the soil the proper ratio of nutrients, fertilisers are necessary to boost output and ensure healthy food. Without the drawbacks of chemical fertilisers, insect fertilisers are of comparable quality to commercial fertiliser products. After being sterilised at 70 degrees Celsius for an hour, insect products are utilised as fertilisers or soil enhancers.
This process is required to make sure that the fertilizer is free of weeds and pathogens. Insect fertilisers aid in soil improvement, plant growth, and plant protection by serving as a biopesticide and providing frost-protective seed coats. Insect fertilisers are thus more in demand in the agriculture sector due to their many advantages. In addition, the transformation and buildup of heavy metals in food crops are restricted by the use of insect fertilisers in farming. Additionally, it improves crop productivity, nutrient availability in the soil, and the storage and quality of organic carbon in the soil. Because of these benefits, insect frass is anticipated to become more popular for use as organic compost in the future.
US Insect Fertilizers Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 65.45 million
Largest Segment
Cereals and grains
Fastest Growth
Cereals and grains
Growth Rate
24.3% CAGR
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The insect fertilisers market is classified by insect type, application, and region. On the basis of insect type Insect Fertilizers Market includes black soldier flies, mealworms, crickets, buffalo worms, grasshoppers, ants, silkworms, cicadas, and others. By application, Insect Fertilizers Market is divided into cereals and grains, fruits and vegetables, and other applications. Based on region, the Insect Fertilizers Market is segmented into North America, Latin America, Europe, Asia Pacific, and MEA.
Insect Fertilizers Market Analysis by Type
In terms of insect type, the segment of black soldier flies is expected to account for the largest share of the insect fertilisers market in 2022. During the forecast period, the segment is also expected to grow at the fastest CAGR. The increasing production of waste from restaurants, agriculture, and the food and beverage industries; rising urbanisation in developing countries; and growing awareness about the use of black soldier fly larvae to convert waste into organic fertiliser are all factors driving the growth of this market.
Insect Fertilizers Market Analysis by Application
According to application, the cereals & grains segment is expected to account for the largest share of the insect fertilisers market in 2022. This segment's large market share can be attributed to the growing demand for organic cereals from both developed and developing economies, owing to the potential health benefits offered by organic cereals. The fruits and vegetables segment, on the other hand, is expected to grow at the fastest CAGR during the forecast period. The increasing global production of fruits and vegetables, rising demand for chemical-free organic fruits and vegetables, and an increasing number of diseases affecting fruit and vegetable crops are driving the rapid growth of this segment.
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Europe is anticipated to hold the greatest market share for insect fertilisers in 2022. The market expansion in Europe is primarily attributed to the high demand for organic fertiliser, the abundant supply of waste, including pre-consumer food waste from the food and beverage sector, the presence of important insect fertiliser producers, and the rising demand for alternatives to chemical fertilisers.
However, throughout the anticipated growth period, Asia-Pacific is anticipated to develop at the highest CAGR. Increased consumer awareness of insect fertilisers as an alternative to chemical fertilisers, the rise of healthy lifestyle trends as a result of increasing consumer concern for their health and safety, and the promotion of sustainable farming practises to reduce the presence of dangerous chemical traces in soil and water are all factors that have contributed to the high growth of this regional market.
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Insect Fertilizers Market Drivers
Benefits to Crops will Bolster Demand for Insect Fertilizers
Insect Fertilizers Market Restraints
International Trade Tariff to Hinder Market Growth
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Some of the key players operating in the insect fertilizers market are Ÿnsect (SAS) (France), Protix B.V. (Netherlands), Enterra Feed Corporation (Canada), InnovaFeed (France), EnviroFlight, LLC (U.S.), Nutrition Technologies Group (Singapore), Entomo Farms (Canada), BioflyTech (Spain), nextProtein (France), Hexafly (Ireland), and Protenga Pte. Ltd. (Singapore).
Insect Fertilizers Market Top Player's Company Profiles
Insect Fertilizers Market Recent Developments
SkyQuest’s ABIRAWA (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global insect fertilizers market analysis, This market's expansion is attributable to a number of factors, including the expansion of the organic food sector, rising public awareness of the use of insects to turn trash into organic fertilizer, and rising waste generation in the restaurant, agricultural, and food and beverage sectors.
Additionally, market expansions in developed and emerging markets are anticipated to offer profitable prospects for industry participants. However, it is anticipated that a lack of awareness and a low acceptance rate of insect fertilisers, as well as a globally unstandardized regulatory environment, will significantly impede the growth of this market. The market for insect fertilisers was negatively impacted by the complete shutdown of the transportation and logistics sector and decreased production in some nations as a result of the worldwide lockdowns.
Report Metric | Details |
---|---|
Market size value in 2021 | USD 65.45 million |
Market size value in 2030 | USD 321.2 million |
Growth Rate | 24.3% |
Base year | 2023 |
Forecast period | 2023-2030 |
Forecast Unit (Value) | USD Million |
Segments covered |
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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 |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Insect Fertilizers 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 Insect Fertilizers 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.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Insect Fertilizers Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Insect Fertilizers 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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Report ID: SQMIG15A2140
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