Global Insect Fertilizers Market

Insect Fertilizers Market Size, Share, Growth Analysis, By Application(cereals and grains, fruits and vegetables, and other applications), By Type(soldier flies, mealworms, crickets, buffalo worms), By Region - Industry Forecast 2024-2031

Report ID: SQMIG15A2140 | Region: Global | Published Date: July, 2024
Pages: 157 | Tables: 69 | Figures: 74

Insect Fertilizers Market Regional Insights

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 size was valued at USD 65.45 million in 2021 and is poised to grow from USD 68.54 million in 2022 to USD 321.2 million by 2030, growing at a CAGR of 24.3% in the forecast period (2023-2030).

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). 'Enterra Feed Corporation', 'AgriProtein Technologies', 'Protix', 'InnovaFeed', 'EnviroFlight LLC', 'Hexafly', 'Bioflytech', 'NextProtein', 'Ÿnsect', 'Beta Hatch', 'Entocycle', 'Protenga', 'AgriProtein', 'Entofood', 'Entomo Farms', 'Ÿnsect SAS', 'EnviroFlight, LLC', 'AgriProtein Holding Ltd.', 'Innovafeed'

The growth of the insect fertilisers market is fueled by the use of BSF Frass in agricultural practices. Numerous fertiliser inputs are necessary for intensive crop production, but they are expensive and unavailable to certain farmers, particularly in low- and middle-income nations.

Food waste could be turned into superior fertilisers by BSFL. The market for BSF grass fertilisers is anticipated to rise as a result of the advantages offered by these products in agriculture and the rising amount of waste.

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.

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Global Insect Fertilizers Market

Report ID: SQMIG15A2140

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