Black Soldier Fly Market by Product Type (Protein Meal, Whole Dried Larvae, Oil, Biofertilizer, Live Insect, Chitin/Chitosan), Application (Animal Feed, Agriculture, Pet Food, Pharmaceutical, and Cosmetics), and Geography- Global Forecast to 2030

  • Report ID:MRFB - 104375
  • Pages: 146
  • Feb 2020
  • Formats*: PDF
  • Category: Food & Beverages
  • Delivery: 2 to 4 Hours

1. Introduction
    1.1. Market Ecosystem
    1.2. Currency and Limitations
          1.2.1. Currency
          1.2.2. Limitations
    1.3. Key Stakeholders

2. Research Methodology
    2.1. Research Process
          2.1.1. Secondary Research
          2.1.2. Primary Research
          2.1.3. Market Size Estimation

3. Executive Summary

4. Market Insights
    4.1. Introduction
    4.2. Drivers
           4.2.1. Rising Global Meat Demand
           4.2.2. Growing Aquaculture Industry
           4.2.3. Increasing Demand From Animal Feed Industry for Alternative Proteins Due to Rising Prices of Soy Meal
           4.2.4. Increasing Government Support for the Use of Insect Meal In Livestock Feed
    4.3. Restraints
           4.3.1. Non-Standardized Regulatory Framework Across the Europe
           4.3.2. Limited Acceptance & Approvals for BSFl Application In Human Diet
    4.4. Opportunity
           4.4.1. Geographic Expansion In Emerging & Developed Economies
    4.5. Challenges
          4.5.1. Pricing Competition From Parent Industries
    4.6. BSF Derived Chitin and Chitosan Opportunity Analysis
          4.6.1. BSF Derived Chitin Trends
    4.7. Regulatory Analysis
          4.7.1. North America
          4.7.2. Europe
          4.7.3. Asia-Pacific
          4.7.4. Rest of the World
    4.8. Pricing Analysis, by Product
          4.8.1. Introduction
          4.8.2. Protein Meal
          4.8.3. Biofertilizer (Frass)
          4.8.4. Whole Dried Larvae (Retail)
          4.8.5. Larvae Oil
          4.8.6. Raw Chitin
          4.8.7. Chitin/Chitosan
          4.8.8. Others (Live- Larvae, Adult, Cocoon, Pupa)

5. Global Black Soldier Fly Market, by Product
    5.1. Introduction
    5.2. Protein Meal
    5.3. Biofertilizers (Frass)
    5.4. Whole Dried Larvae
    5.5. Larvae Oil
    5.6. Chitin/Chitosan
    5.7. Other BSF Products (Live- Larvae, Adult, Cucoon, & Pupa)

6. Global Black Soldier Fly Market, by Application
    6.1. Introduction
    6.2. Animal Feed
    6.3. Agriculture
    6.4. Pet Food
    6.5. Other Applications (Industrial, Cosmetics, Pharmaceutical)

7. Geographic Analysis
    7.1. Introduction
    7.2. North America
          7.2.1. U.S.
          7.2.2. Canada
    7.3. Europe
          7.3.1. The Netherlands
          7.3.2. France
          7.3.3. U.K.
          7.3.4. Germany
          7.3.5. Finland
          7.3.6. Denmark
          7.3.7. Belgium
          7.3.8. Rest of Europe (RoE)
    7.4. Asia Pacific
          7.4.1. China
          7.4.2. South Korea
          7.4.3. Japan
          7.4.4. Malaysia
          7.4.5. Vietnam
          7.4.6. Thailand
          7.4.7. Rest of Asia-Pacific
    7.5. Latin America
    7.6 Middle East and Africa

8. Competitive Landscape
    8.1. Introduction
    8.2. Acquisitions and New Product Launches
    8.3. Partnerships and Collaborations
    8.4. Expansions
    8.5. Black Soldier Fly Startups: Funding Received and their Production Capacity

9. Company Profiles (Business Overview, Financial Overview, Product Portfolio, Strategic Developments, and Funding Received)
    9.1. AgriProtein
    9.2. BioflyTech
    9.3. Protix B.V.
    9.4. Enterra Feed Corporation
    9.5. Entobel
    9.6. Entofood Sdn Bhd
    9.7. EnviroFlight Corporation
    9.8. SFly COMGRAF SAS
    9.9. Hexafly
    9.10. F4F SpA
    9.11. InnovaFeed
    9.12. Nutrition Technologies Group
    9.13. Protenga Pte Ltd
    9.14. Next Protein

10. Appendix
    10.1.Questionnaire
    10.2 Available Customization

List of Tables

Table 1  Europe: Insect Meal Potential Replacement Volume In Three Feed Market Segments, 2016
Table 2  Europe: Insect Products and their Expected Year of Approval In Feed Segments
Table 3  Average Selling Prices for Protein Meal, by Country, 2017-2025 ($/Ton)
Table 4  Average Selling Prices of Biofertilizer (Frass), by Country, 2017-2025 ($/Ton)
Table 5  Average Selling Prices of Whole Dried Larvae, by Country, 2017-2025 ($/Ton)
Table 6  Average Selling Prices of Larvae Oil, by Country, 2017-2025 ($/Ton)
Table 7  Average Selling Prices of Raw Chitin, by Country, 2017-2025 ($/Ton)
Table 8  Average Selling Prices of Chitin/Chitosan, by Country, 2017-2025 ($/Ton)
Table 9  Average Selling Prices of Other BSF Products, by Country, 2017-2025 ($/Ton)
Table 10 Global Black Soldier Fly Market Size, by Product, 2017-2030 ($Million)
Table 11 Global Black Soldier Fly Market Size, by Product, 2017-2030 (Tons)
Table 12 Black Soldier Fly Protein Meal Market Size, by Country/Region, 2017—2030 ($Thousands)
Table 13 Black Soldier Fly Protein Meal Market Size, by Country/Region, 2017—2030 (Tons)
Table 14 Black Soldier Fly Biofertilizers (Frass) Market Size, by Country/Region, 2017—2030 ($Thousands)
Table 15 Black Soldier Fly Biofertilizers (Frass) Market Size, by Country/Region, 2017—2030 (Tons)
Table 16 Black Soldier Fly Whole Dried Larvae Market Size, by Country/Region, 2017—2030 ($Thousands)
Table 17 Black Soldier Fly Whole Dried Larvae Market Size, by Country/Region, 2017—2030 (Tons)
Table 18 Black Soldier Fly Larvae Oil Market Size, by Country/Region, 2017—2030 ($Thousands)
Table 19 Black Soldier Fly Larvae Oil Market Size, by Country/Region, 2017—2030 (Tons)
Table 20 Chitin/Chitosan Market Size, by Country/Region, 2017—2030 ($Thousands)
Table 21 Chitin/Chitosan Market Size, by Country/Region, 2017—2030 (Tons)
Table 22 Other Black Soldier Fly Products Market Size, by Country/Region, 2017—2030 ($Thousands)
Table 23 Other Black Soldier Fly Products (Live- Larvae, Adult, Cocoon, Pupa) Market Size, by Country/Region, 2017—2030 (Tons)
Table 24 Global Black Soldier Fly Market Size, by Application, 2017—2030 ($Million)
Table 25 Black Soldier Fly Market Size for Animal Feed, by Country/Region, 2017—2030 ($Thousands)
Table 26 Black Soldier Fly Market Size for Agriculture, by Country/Region, 2017—2030 ($Thousands)
Table 27 Black Soldier Fly Market Size for Pet Food, by Country/Region, 2017—2030 ($Thousands)
Table 28 Black Soldier Fly Market Size for Other Applications, by Country/Region, 2017—2030 ($Thousands)
Table 29 Global Black Soldier Fly Market Size, by Region, 2017—2030 ($Million)
Table 30 Global Black Soldier Fly Market Size, by Region, 2017—2030 (Tons)
Table 31 North America: Black Soldier Fly Market Size, by Country, 2017—2030 ($Thousands)
Table 32 North America: Black Soldier Fly Market Size, by Country, 2017—2030 (Tons)
Table 33 North America: Black Soldier Fly Market Size, by Product, 2017—2030 ($Thousands)
Table 34 North America: Black Soldier Fly Market Size, by Product, 2017—2030 (Tons)
Table 35 North America: Black Soldier Fly Market Size, by Application, 2017—2030 ($Thousands)
Table 36 U.S.: Black Soldier Fly Market Size, by Product, 2017—2030 ($Thousands)
Table 37 U.S.: Black Soldier Fly Market Size, by Product, 2017—2030 (Tons)
Table 38 U.S.: Black Soldier Fly Market Size, by Application, 2017—2030 ($Thousands)
Table 39 Canada: Black Soldier Fly Market Size, by Product, 2017—2030 ($Thousands)
Table 40 Canada: Black Soldier Fly Market Size, by Product, 2017—2030 (Tons)
Table 41 Canada: Black Soldier Fly Market Size, by Application, 2017—2030 ($Thousands)
Table 42 Europe: Black Soldier Fly Market Size, by Country, 2017—2030 ($Thousands)
Table 43 Europe: Black Soldier Fly Market Size, by Country, 2017—2030 (Tons)
Table 44 Europe: Black Soldier Fly Market Size, by Product, 2017—2030 ($Thousands)
Table 45 Europe: Black Soldier Fly Market Size, by Product, 2017-2030 (Tons)
Table 46 Europe: Black Soldier Fly Market Size, by Application, 2017-2030 ($Thousands)
Table 47 The Netherlands: Black Soldier Fly Market Size, by Product, 2017—2030 ($Thousands)
Table 48 The Netherlands: Black Soldier Fly Market Size, by Product, 2017—2030 (Tons)
Table 49 The Netherlands: Black Soldier Fly Market Size, by Application, 2017—2030 ($Thousands)
Table 50 France: Black Soldier Fly Market Size, by Product, 2017—2030 ($Thousands)
Table 51 France: Black Soldier Fly Market Size, by Product, 2017—2030 (Tons)
Table 52 France: Black Soldier Fly Market Size, by Application, 2017—2030 ($Thousands)
Table 53 U.K.: Black Soldier Fly Market Size, by Product, 2017—2030 ($Thousands)
Table 54 U.K.: Black Soldier Fly Market Size, by Product, 2017—2030 (Tons)
Table 55 U.K.: Black Soldier Fly Market Size, by Application, 2017—2030 ($Thousands)
Table 56 Germany: Black Soldier Fly Market Size, by Product, 2017—2030 ($Thousands)
Table 57 Germany: Black Soldier Fly Market Size, by Product, 2017—2030 (Tons)
Table 58 Germany: Black Soldier Fly Market Size, by Application, 2017—2030 ($Thousands)
Table 59 Finland: Black Soldier Fly Market Size, by Product, 2017—2030 ($Thousands)
Table 60 Finland: Black Soldier Fly Market Size, by Product, 2017—2030 (Tons)
Table 61 Finland: BSF Market Size, by Application, 2017—2030 ($Thousands)
Table 62 Denmark: BSF Market Size, by Product, 2017—2030 ($Thousands)
Table 63 Denmark: BSF Market Size, by Product, 2017—2030 (Tons)
Table 64 Denmark: BSF Market Size, by Application, 2017—2030 ($Thousands)
Table 65 Belgium: BSF Market Size, by Product, 2017—2030 ($Thousands)
Table 66 Belgium: BSF Market Size, by Product, 2017—2030 (Tons)
Table 67 Belgium: BSF Market Size, by Application, 2017—2030 ($Thousands)
Table 68 RoE: BSF Market Size, by Product, 2017—2030 ($Thousands)
Table 69 RoE: BSF Market Size, by Product, 2017—2030 (Tons)
Table 70 RoE: BSF Market Size, by Application, 2017—2030 ($Thousands)
Table 71 Asia Pacific: BSF Market Size, by Country, 2017—2030 ($Thousands)
Table 72 Asia Pacific: BSF Market Size, by Country, 2017—2030 (Tons)
Table 73 Asia Pacific: BSF Market Size, by Product, 2017—2030 ($Thousands)
Table 74 Asia Pacific: BSF Market Size, by Product, 2017—2030 (Tons)
Table 75 Asia Pacific: BSF Market Size, by Application, 2017—2030 ($Thousands)
Table 76 China: BSF Market Size, by Product, 2017—2030 ($Thousands)
Table 77 China: BSF Market Size, by Product, 2017—2030 (Tons)
Table 78 China: BSF Market Size, by Application, 2017—2030 ($Thousands)
Table 79 South Korea: BSF Market Size, by Product, 2017—2030 ($Thousands)
Table 80 South Korea: BSF Market Size, by Product, 2017—2030 (Tons)
Table 81 South Korea: Black Soldier Fly Market Size, by Application, 2017—2030 ($Thousands)
Table 82 Japan: Black Soldier Fly Market Size, by Product, 2017—2030 ($Thousands)
Table 83 Japan: Black Soldier Fly Market Size, by Product, 2017—2030 (Tons)
Table 84 Japan: Black Soldier Fly Market Size, by Application, 2017—2030 ($Thousands)
Table 85 Malaysia: Black Soldier Fly Market Size, by Product, 2017—2030 ($Thousands)
Table 86 Malaysia: Black Soldier Fly Market Size, by Product, 2017—2030 (Tons)
Table 87 Malaysia: Black Soldier Fly Market Size, by Application, 2017—2030 ($Thousands)
Table 88 Vietnam: Black Soldier Fly Market Size, by Product, 2017—2030 ($Thousands)
Table 89 Vietnam: Black Soldier Fly Market Size, by Product, 2017—2030 (Tons)
Table 90 Vietnam: Black Soldier Fly Market Size, by Application, 2017—2030 ($Thousands)
Table 91 Thailand: Black Soldier Fly Market Size, by Product, 2017—2030 ($Thousands)
Table 92 Thailand: Black Soldier Fly Market Size, by Product, 2017—2030 (Tons)
Table 93 Thailand: Black Soldier Fly Market Size, by Application, 2017—2030 ($Thousands)
Table 94 RoAPAC: Black Soldier Fly Market Size, by Product, 2017—2030 ($Thousands)
Table 95 RoAPAC: Black Soldier Fly Market Size, by Product, 2017—2030 (Tons)
Table 96 RoAPAC: Black Soldier Fly Market Size, by Application, 2017—2030 ($Thousands)
Table 97 Latin America: Black Soldier Fly Market Size, by Product, 2017—2030 ($Thousands)
Table 98 Latin America: Black Soldier Fly Market Size, by Product, 2017—2030 (Tons)
Table 99 Latin America: Black Soldier Fly Market Size, by Application, 2017—2030 ($Thousands)
Table 100 Middle East and Africa: Black Soldier Fly Market Size, by Product, 2017—2030 ($Thousands)
Table 101 Middle East and Africa: Black Soldier Fly Market Size, by Product, 2017—2030 (Tons)
Table 102 Middle East and Africa: Black Soldier Fly Market Size, by Application, 2017—2030 ($Thousands)
Table 103 Number of Developments by Companies (2017—2019)
Table 104 Key Acquisitions and New Product Launches, (2017-2019)
Table 105 Key Partnerships and Collaborations, (2017-2019)
Table 106 Key Expansions (2017-2019)
Table 107 Black Soldier Fly Producing Companies, Funding Received, and their Production Capacities

List of Figures

Figure 1  Scope of the Global Black Soldier Fly Market
Figure 2  Key Stakeholders In the Global Black Soldier Fly Market
Figure 3  Research Process
Figure 4  Key Executives Interviewed
Figure 5  Primary Research Techniques
Figure 6  Market Size Estimation
Figure 7  Protein Meal to Dominate the Global Black Soldier Fly Market During the forecast Period
Figure 8  Animal Feed Application to Dominate the Global Black Soldier Fly Market During the forecast Period
Figure 9  Global Black Soldier Fly Market Share (2019) and CAGR (2019-2025), by Geography
Figure 10 Market Dynamics
Figure 11 World Population Growth, 2010 Vs. 2050
Figure 12 Contribution of Seafood Supply to 2030
Figure 13 Swot Analysis: BSF Derived Chitin & Chitosan Industry
Figure 14 Commonly Suggested Market Disruption Strategies for BSF Derived Chitin & Chitosan
Figure 15 Europe: Regulatory Approval for Insect Use In Animal Feed, 2017
Figure 16 Average Selling Prices of Protein Meal, by Country, 2017-2025 ($/Ton)
Figure 17 Average Selling Prices of Biofertilizer (Frass), by Country, 2017-2025 ($/Ton)
Figure 18 Average Selling Prices of Whole Dried Larvae, by Country, 2017-2025 ($/Ton)
Figure 19 Average Selling Prices of BSF Insect Oil, by Country, 2017-2025 ($/Ton)
Figure 20 Average Selling Prices of Raw Chitin, by Country, 2017-2025 ($/Ton)
Figure 21 Average Selling Prices of Chitin/Chitosan, by Country, 2017-2025 ($/Ton)
Figure 22 Average Selling Prices of Other BSF Product, by Country, 2017-2025 ($/Ton)
Figure 23 Global Black Soldier Fly Market Size, by Product, 2019-2025 ($Million)
Figure 24 Global Black Soldier Fly Market Size, by Product, 2019-2025 (Tons)
Figure 25 Global Black Soldier Fly Market Size, by Application, 2019-2025 ($Million)
Figure 26 Future Geographic Outlook, 2025
Figure 27 Key Adopters of Black Soldier Fly Products (2019)
Figure 28 Major Commercial Fish Species Exported From Finland, 2017
Figure 29 Asia-Pacific Fish Meal Production, by Country, 2019 (1,000 Mt)
Figure 30 Fish Meal Production In Peru and Chile From 2013-2016 (In Thousand Mt)
Figure 31 Key Growth Strategies Adopted by Key Players -2017—2019

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The global black soldier fly market is expected to reach $2.57 billion by 2030 with a CAGR of 33.3% during the forecast period of 2019 to 2030. The growth in the BSF market is mainly driven by increasing global meat demand, growing aquaculture industry, increasing demand from animal feed industry for alternative proteins due to rising prices of soymeal, growing government support for the use of insect meal in livestock feed, and growing investment by the key players in the BSF industry.

Growing government approvals for the use of insect meal in livestock feed to drive the growth of the black soldier fly market

Across the globe, in many countries, the government authorities are playing key role to ensure sustainable supplies of safe and healthy feed in the global feed industry. This include the approval from some of the key government authorities for the consumption of BSF based products in livestock feed and food. For instance, in 2018, the Food and Drug Administration (FDA) and the Canadian Food Inspection Agency (CFIA) have approved the use of insects as an ingredient in the diet of certain fish and poultry species. Also, in 2017, the European government approved the use of feed ingredients derived from BSF larvae in aquaculture feed.

According to the International Platform of Insects for Food and Feed (IPIFF), in Europe, the amendments for pig and poultry feed will take place in 2020. This will create more market opportunities for insect meal producers to enter the huge poultry feed market as of 2023. Thus, these government approvals for BSF based products to be used in the livestock feed helps to boost the demand for BSF products.

Black Soldier Fly Market

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Key findings in the global black soldier fly market study:

BSF protein meal expected to witness rapid growth through 2030

Based on product type, in terms of value and volume, BSF protein meal is expected to witness a rapid growth in the overall black soldier fly market during 2019-2030. The rapid growth in this segment is majorly attributed to the growing demand for alternative protein meals from animal feed manufacturers due to increased soy meal and fish meal prices and government support and approval for the use of protein meal as a feed ingredient.

Animal feed to offer high growth avenues – opportunity through 2030

Based on the application, animal feed application is expected to command the largest share of the overall black soldier fly market during 2019-2030. Due to growing concerns over genetically modified protein sources such as soybean and maize and their rising prices, the livestock producers are actively looking for other reliable protein feed alternatives. Thus, alternatives such as insect proteins for animal feed have gained significant attraction since couple of years. Moreover, considering the potential, the European Commission (EC) has officially approved the use of insect protein as a new form of aquaculture feed in 2017. The U.S. Food and Drug Administration (FDA) and the Canadian Food Inspection Agency (CFIA) have approved the use of insects as an ingredient in certain fish and poultry feed.

Europe: The fastest-growing market

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Asia-Pacific commanded the largest share of the overall black soldier fly market in 2019; however, Europe is expected to witness the rapid growth during the forecast period. The rapid growth of this region is mainly attributed to the government approvals for the use of BSF in animal feed and pet food; growing funding and investments in BSF industry; and the presence of large number of startups. Moreover, factors such as high demand for protein-rich animal feed; large supply of organic waste, including pre-consumer food waste from agriculture and food and beverage sectors; and supportive government policies for BSF farming condition are also encouraging the BSF insect farming and their consumption in food, feed, and other industrial applications.

Key Players

The key players profiled in the global black soldier fly market report are Agriprotein (South Africa), BioflyTech (Spain), Protix B.V. (the Netherlands), Enterra Feed Corporation (Canada), Entobel (Vietnam), Entofood Sdn Bhd (Malaysia), EnviroFlight Corporation (U.S.), SFly Comgraf SAS (France), Hexafly (Ireland), F4F SpA (Chile), InnovaFeed (France), Nutrition Technologies Group (Malaysia), Protenga Pte Ltd (Malaysia), and nextProtein (France).

Scope of the Report:

Black Soldier Fly Market by Product Type

  • Protein Meal
  • Biofertilizers (Frass)
  • Whole Dried Larvae
  • Larvae Oil
  • Chitin/Chitosan
  • Others (Live, Larvae, Adult, Cocoon, & Pupa)

Black Soldier Fly Market by Application

  • Animal Feed
  • Agriculture
  • Pet Food
  • Others

Black Soldier Fly Market by Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • The Netherlands
    • France
    • U.K.
    • Germany
    • Finland
    • Denmark
    • Belgium
    • Rest of Europe (RoE)
  • Asia-Pacific (APAC)
    • China
    • South Korea
    • Japan
    • Malaysia
    • Vietnam
    • Thailand
    • Rest of Asia-Pacific (RoAPAC)
  • Latin America
  • Middle East and Africa

Key questions answered in the report:

Black soldier fly (Hermetia illucens) is a revolutionary insect species that provides solution to feed industry with an alternative meal source. Black soldier fly market comprises of protein meal, biofertilizer, whole dried larvae, larvae oil, chitin/ chitosan, and other BSF products that are used in animal feed, agriculture, pet food, and other industries.
The global black soldier fly market is expected to reach $2.57 billion by 2025 with a CAGR of 33.3% from 2019 to 2025.
In terms of value, protein meal was estimated to be the largest and fastest growing product segment of the BSF market during the forecast period.
Animal feed and agriculture are the fastest growing application segment of the black soldier fly market
The black soldier fly market is majorly driven by the factors such as the increasing global meat demand, growing aquaculture industry, increasing demand from animal feed industry for alternative proteins due to rising prices of soy meal, growing government support for the use of insect meal in livestock feed, and growing investments by key players in the BSF industry
The BSF market is restrained by non-standardized regulatory framework across the Europe and limited acceptance & approval for BSFL application in human diet
Geographic expansion in emerging and developed economies is one of the major opportunities in the global BSF market
The major players operating in the global black soldier fly market are Agriprotein (South Africa), BioflyTech (Spain), Protix B.V. (the Netherlands), Enterra Feed Corporation (Canada), Entobel (Vietnam), Entofood Sdn Bhd (Malaysia), EnviroFlight Corporation (U.S.), SFly Comgraf SAS (France), Hexafly (Ireland), F4F SpA (Chile), InnovaFeed (France), Nutrition Technologies Group (Malaysia), Protenga Pte Ltd (Malaysia), and nextProtein (France).
Some of the high growth countries in the global black soldier fly market are U.K., France, The Netherlands, China, and Germany.
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