Europe Black Soldier Fly Market to Reach $2.29 Billion by 2033

Europe Black Soldier Fly Market by Product (Protein Meals, Whole Dried Larvae, Biofertilizers {Frass}, Larvae Oil, Others {Cocoons, Pupa}), by Application (Animal Feed, Agriculture, Pet Food, Others), and Country - Forecast to 2033

Meticulous Research^®—a leading global market research company, published a research report titled, ‘Europe Black Soldier Fly Market by Product (Protein Meals, Whole Dried Larvae, Biofertilizers {Frass}, Larvae Oil, Others {Cocoons, Pupa}), by Application (Animal Feed, Agriculture, Pet Food, Others), and Country - Forecast to 2033.’

According to this latest publication from Meticulous Research^®, the Europe black soldier fly market is projected to reach $2.29 billion by 2033, at a CAGR of 31.3% from 2023 to 2033. In terms of volume, the europe black soldier fly market is expected to reach 4,605,369.9 tons by 2033, at a CAGR of 40.6% during the forecast period 2023–2033.The growth of the Europe black soldier fly market is mainly attributed to the increasing government support for the use of insect meal in livestock feed, increasing demand from the animal feed industry for alternative proteins due to rising prices of fish and soy meal, rising demand for alternative protein, and environmental sustainability with production and consumption of alternative protein. Furthermore, minimizing dependency on imported protein sources is expected to create market growth opportunities. However, the non-standardized regulatory framework across Europe and the risk of allergies due to insect consumption are expected to hinder the growth of this market to some extent. However, the risk of disease transmission from BSF and lack of awareness challenge market growth.

Key Players

The Europe Black Soldier Fly market is characterized by a moderately competitive scenario due to many large and small-sized global, regional, and local players. The key players operating in the Europe black soldier fly market are Protix B.V. (Netherlands), InnovaFeed SAS (France), EnviroFlight, LLC (U.S.), BioflyTech (Spain), nextProtein (France), Hexafly (Ireland), SFly Comgraf SAS (France), and Protenga Pte. Ltd. (Singapore).

The Europe black soldier fly market study presents historical market data in terms of value (2021 and 2022), estimated current data (2023), and forecasts for 2033. This market is segmented based on product (protein meals, whole dried larvae, biofertilizers [frass], larvae oil and other BSF products), application (animal feed, agriculture, pet food, and other applications), and country (Netherlands, France, Germany, Finland, Denmark, Belgium, Turkey, and Rest of Europe). The study also evaluates industry competitors and analyzes the market at regional and country levels.

Among all the products studied in this report, the protein meals segment is expected to account for the largest share of the Europe black soldier fly market in 2023. The large market share of this segment is attributed to the increasing demand for alternative protein, increasing demand for protein meals from the animal feed industry, increased fish meal and soy meal prices, and high protein efficacy in BSF. This segment is expected to grow at the highest CAGR during the forecast.

Among all the applications in this report, the animal feed segment is expected to account for the largest share of the Europe black soldier fly market in 2023. The large market share of this segment is attributed to the rising aquaculture farming, subsequent increase in the demand for protein-rich animal feed and entry of leading animal feed companies in the edible insects’ space. This segment is expected to grow at the highest CAGR during the forecast.

Among all the countries studied in this report, in 2023, the Netherlands is expected to account for the largest share of the Europe black soldier fly market. The large market share of this country is attributed to the high government support for insect processing, rising expansion by major BSF companies in the country, and rising awareness about alternative protein among people.

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Key Questions Answered in the Report-

What is the current value of revenue generated by the Europe black soldier fly market?
At what rate is the Europe black soldier fly market demand projected to grow for the next 5–7 years?
What are the historical market sizes and growth rates of the Europe black soldier fly market?
What are the major factors impacting the growth of this market at the regional level? What are the major opportunities for existing players and new entrants in the market?
Which segments in terms of product and application create major traction for the manufacturers in this market?
What are the key country-level trends in this market? Which countries are expected to offer significant growth opportunities for the European black soldier fly market manufacturers?
Who are the major players in the Europe black soldier fly market? What are their specific product offerings in this market?
What are the recent strategic developments in the Europe black soldier fly market? What are the impacts of these strategic developments on the market?

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