Black Soldier Fly Market
Research Code:MRFB - 104375
Sku:MRFB - 104375
Black Soldier Fly Market by Product (Protein Meals, Biofertilizers {Frass}, Chitin/ Chitosan, Others {Cocoons, Pupa}), Application (Animal Feed, Agriculture, Pet Food, Pharmaceutical, Cosmetic, Biofuel), and Geography– Global Forecast to 2030
- Report ID: MRFB - 104375
- Pages: 159
- Apr-2021
- Formats*: PDF
- Category: Food and Beverages
- Delivery: 2 to 4 Hours
This report provides pre & post COVID-19 market estimates.
The Black Soldier Fly Market is expected to reach $3.4 billion by 2030 at a CAGR of 34.7% during the forecast period of 2020 to 2030. The growing global demand for animal products, expanding aquaculture industry, increasing demand from the animal feed industry for alternative proteins due to rising prices of soymeal, and increasing government approvals of insect meal in livestock feed are some of the major driving factors that help to boost the demand for black soldier fly.
Impact of COVID-19 on the Black Soldier Fly Market
The outbreak of COVID-19 has had a significant impact on public health and all stages of the supply chain and various industries. Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 100 countries worldwide, with the World Health Organization declaring it a public health emergency. The global impacts of the COVID-19 significantly affected the black soldier fly market in 2020.
According to WHO, the COVID-19 might have originated in bats. In contrast, others say the virus was transmitted to humans in Wuhan, China, at a wet market, where animals like bats, snakes, rabbits, and birds are illegally sold. So, the fear and delusion of coronavirus transmission from the animals and the use of animal-based products have hit hard the consumption of animal proteins. The global export for chicken, beef, pork meat trade has been reduced due to the emerging threats from the spread of the COVID-19 pandemic. This trend has plummeted the demand for animal-based products, including black soldier flies.
Furthermore, as the U.S. government implemented stay-at-home orders, many farmers resorted to panic-buying of animal feed in anticipation of potential shortages. Several concerns, such as truck shortages, reduced deliveries, and employees contracting COVID-19, compelled farmers to stock their animal feed supplies. In addition, truncated air freight capacity, port congestion, roadblocks, and logistic disruptions in Southeast Asia are expected to escalate as stricter measures are implemented by governments. The consumption of fish, poultry, pork, and beef is expected to decline in Southeast Asian economies through the second quarter. Thus, the decline in fish consumption, poultry, pork, and beef is expected to decrease the demand for black soldier flies in the market.
However, in some regions, lockdowns have been announced to control the pandemic, impacting the movement of vehicles carrying livestock, feed, and feed ingredients. Due to the risk of animal feed, suppliers are slowing their production or closing altogether. Farmers are concerned they may need to slow or stop slaughterhouse operations and keep their animals for longer due to lower demand, requiring them to use more feed than usual. Even delivery trucks are difficult to procure. These factors have led to livestock farms building up two-week supplies of feed when normally they might only keep enough for one or two days. For example, Purina Animal Nutrition LLC, which uses black soldier fly as a feed ingredient, has seen a slight increase in its livestock business sales. In addition, Cargill had seen its global feed sales volume grow by 10% or more in March 2020.
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Increasing government support for the use of insect meal in livestock feed
Many government authorities are playing a coordinating role in promoting the sustainable supply of safe, healthy feed in the global insect feed industry. The support from some of the government authorities for the consumption of BSF-based products in animal feed is growing its demand.
Europe: Insect Products and Their Expected Year of Approval in Feed Segments
|
Insect Type |
Poultry Feed |
Pig Feed |
|
Dried Insect Whole |
2020 |
2020 |
|
Dried Insect Processed |
2020 |
2020 |
|
Insect Protein |
2021 |
2022 |
Source: International Platform of Insects for Food and Feed (IPIFF), Food and Drug Administration (FDA), the Canadian Food Inspection Agency (CFIA), and Meticulous Research® Analysis
Moreover, the European government legislation prohibits using dead insects or processed insects in feed for chickens and pigs. However, it is allowed to feed live insects, insect oil, or hydrolyzed protein. According to the International Platform of Insects for Food and Feed (IPIFF), the use of insect meals in pigs and poultry feed will be the main focus after the approval of its use in aquafeed. The IPIFF expects that 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, growing government support to approve the use of insect meal in feed is expected to fuel the growth of the BSF market in the coming years.
Key Findings in the Black Soldier Fly Market Study:
BSF protein meal to grow with the fastest CAGR during the forecast period
Based on product type, in terms of value and volume, the protein meals segment is expected to witness rapid growth during the forecast period. The growing demand for alternative protein meals from animal feed manufacturers, increased fish meal and soy meal prices, and government support and approval for an insect meal are some of the major drivers for this segment. Moreover, some fish feeding trials have successfully demonstrated the BSF meal as a better substitute for fish meal in aquafeeds.
Animal feed to dominate the black soldier fly market in 2020
Based on application, animal feed commanded the largest share of the global black soldier fly market in 2020. The large share of this market is mainly attributed to the growing world population and the rapidly increasing demand for meat products. Also, the adoption of an alternative source of protein such as insects for animal feed offers a great opportunity during the forecasted period.
Europe: Growing at the fastest pace among all regions
In 2020, Asia-Pacific commanded the largest share of the global black soldier fly market. The major share of Asia-Pacific is mainly attributed to the increasing consumption of meat and seafood, growing aquaculture industry, rising awareness of BSF as an alternative protein source for use in animal feed, and increase in the prices of fish meal. However, Europe is expected to witness rapid growth during the forecast period. The rapid growth of this region is mainly attributed to the high demand for protein-rich animal feed; large supply of waste, including pre-consumer food waste from agriculture and food and beverage sectors; government approval for BSF products to be used in animal feed and pet food; and presence of supportive policies for BSF farming.
Key Players
The report includes a competitive landscape based on an extensive assessment of the key strategic developments adopted by leading market participants in the industry over the past three years. The key players profiled in the global black soldier fly market report are AgriProtein (A Part of Insect Technology Group) (England), Protix B.V. (Netherlands), Enterra Feed Corporation (Canada), InnovaFeed (France), EnviroFlight LLC (U.S.), Bioflytech (Spain), Entobel Holding PTE. Ltd. (Singapore), Entofood (Malaysia), Sfly (France), Hexafly (Ireland), F4F (Chile), Nutrition Technologies Group (Malaysia), nextProtein (France), and Protenga Pte Ltd (Singapore), among others.
Scope of the Report:
Black Soldier Fly Market, by Product Type
- Protein Meal
- Biofertilizers (Frass)
- Whole Dried Larvae
- Larvae Oil
- 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:
• What is the focus of the black soldier fly market?
• What is the value of revenue generated from the sale of black soldier fly products across the globe? At what rate their demand expected to grow for the next 7-10 years?
• Which product is estimated to hold the major share of the market?
• Which application segment is projected to create more traction in the global black soldier fly market?
• What are the key factors supporting the growth of this market? What are the major opportunities for existing market players and new entrants in the global black soldier fly market?
• Who are the major players operating in the global black soldier fly market?
• Which regions/countries are likely to offer significant growth opportunities for the vendors in this market during the analysis period?
1 Introduction
1.1. Market Ecosystem
1.2. Currency
1.3. Key Stakeholders
2 Research Methodology
2.1. Research Process
2.2. Data Collection & Validation
2.2.1. Secondary Research
2.2.2. Primary Research
2.3. Market Assessment
2.3.1. Market Size Estimation
2.3.1.1. Bottom-Up Approach
2.3.1.2. Top-Down Approach
2.3.1.3. Growth Forecast
2.4. Assumptions for the Study
2.5. Limitations for the Study
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 Fish and 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 Europe
4.4. Opportunity
4.4.1. Expansion in Emerging & Developed Economies
4.5. Challenges
4.5.1. Pricing Competition from Parent Industries
4.6. Impact of COVID-19 on the Black Soldier Fly Market
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 Opportunity Analysis: BSF-Derived Chitin and Chitosan
5.1. BSF-Derived Chitin Trends
5.2. Chitin/Chitosan
6 Global Black Soldier Fly Market, by Product
6.1. Introduction
6.2. Protein Meals
6.3. Whole Dried Larvae
6.4. Biofertilizers (Frass)
6.5. Larvae Oil
6.6. Other BSF Products
7 Global Black Soldier Fly Market, by Application
7.1. Introduction
7.2. Animal Feed
7.3. Agriculture
7.4. Pet Food
7.5. Other Applications
8 Black Soldier Fly Market, by Region
8.1. Introduction
8.2. Asia-Pacific
8.2.1. China
8.2.2. South Korea
8.2.3. Japan
8.2.4. Malaysia
8.2.5. Vietnam
8.2.6. Thailand
8.2.7. Rest of Asia-Pacific (RoAPAC)
8.3. Europe
8.3.1. Netherlands
8.3.2. France
8.3.3. U.K.
8.3.4. Germany
8.3.5. Finland
8.3.6. Denmark
8.3.7. Belgium
8.3.8. Rest of Europe (RoE)
8.4. North America
8.4.1. U.S.
8.4.2. Canada
8.5. Latin America
8.6. Middle East & Africa
9 Competitive Landscape
9.1. Introduction
9.2. Competitive Benchmarking
10 Company Profiles
10.1. AgriProtein (A Part of Insect Technology Group)
10.1.1. Business Overview
10.1.2. Funding Received
10.1.3. Product Portfolio
10.1.4. Strategic Developments
10.2. Protix B.V.
10.2.1. Business Overview
10.2.2. Funding Received
10.2.3. Product Portfolio
10.2.4. Strategic Developments
10.3. Enterra Feed Corporation
10.3.1. Business Overview
10.3.2. Funding Received
10.3.3. Product Portfolio
10.4. InnovaFeed
10.4.1. Business Overview
10.4.2. Funding Received
10.4.3. Product Portfolio
10.4.4. Strategic Development
10.5. EnviroFlight, LLC
10.5.1. Business Overview
10.5.2. Product Portfolio
10.5.3. Strategic Developments
10.6. Bioflytech
10.6.1. Business Overview
10.6.2. Funding Received
10.6.3. Product Portfolio
10.7. Entobel Holding Pte. Ltd.
10.7.1. Business Overview
10.7.2. Funding Received
10.7.3. Product Portfolio
10.7.4. Strategic Developments
10.8. Entofood Sdn Bhd
10.8.1. Business Overview
10.8.2. Product Portfolio
10.9. Sfly Comgraf SaS
10.9.1. Business Overview
10.9.2. Product Portfolio
10.10. Hexafly
10.10.1. Business Overview
10.10.2. Funding Received
10.10.3. Product Portfolio
10.11. F4F Spa
10.11.1. Business Overview
10.11.2. Product Portfolio
10.12. Nutrition Technologies Group
10.12.1. Business Overview
10.12.2. Funding Received
10.12.3. Product Portfolio
10.12.4. Strategic Developments
10.13. Protenga Pte Ltd.
10.13.1. Business Overview
10.13.2. Funding Received
10.13.3. Product Portfolio
10.14. nextProtein
10.14.1. Business Overview
10.14.2. Funding Received
10.14.3. Product Portfolio
11 Appendix
11.1. Questionnaire
11.2. Available Customization
List of Tables
Table 1 World Protein Production Outlook Until 2050
Table 2 Europe: insect Meal Potential Replacement Volume in Three Feed Market Segments, 2016
Table 3 Europe: insect Products and Their Expected Year of Approval in Feed Segments
Table 4 Average Selling Prices for Protein Meal, by Country/Region, 2018–2030 (USD/Ton)
Table 5 Average Selling Prices of Biofertilizers (Frass), by Country/Region, 2018–2030 (USD/Ton)
Table 6 Average Selling Prices of Whole Dried Larvae, by Country/Region, 2018–2030 (USD/Ton)
Table 7 Average Selling Prices of Larvae Oil, by Country/Region, 2018–2030 (USD/Ton)
Table 8 Average Selling Prices of Raw Chitin, by Country/Region, 2018–2030 (USD/Ton)
Table 9 Average Selling Prices of Chitin/Chitosan, by Country/Region, 2018–2030 (USD/Ton)
Table 10 Average Selling Prices of Other BSF Products, by Country/Region, 2018–2030 (USD/Ton)
Table 11 Chitin/Chitosan Market Size, by Country/Region, 2025—2030 (USD Thousands)
Table 12 Chitin/Chitosan Market Size, by Country/Region, 2025—2030 (Tons)
Table 13 Global Black Soldier Fly Market Size, by Product, 2018-2030 (USD Thousand)
Table 14 Global Black Soldier Fly Market Size, by Product, 2018-2030 (Tons)
Table 15 Black Soldier Fly Protein Meals Market Size, by Country/Region, 2018—2030 (USD Thousands)
Table 16 Black Soldier Fly Protein Meals Market Size, by Country/Region, 2018—2030 (Tons)
Table 17 Black Soldier Fly Whole Dried Larvae Market Size, by Country/Region, 2018—2030 (USD Thousands)
Table 18 Black Soldier Fly Whole Dried Larvae Market Size, by Country/Region, 2018—2030 (Tons)
Table 19 Black Soldier Fly Biofertilizers (Frass) Market Size, by Country/Region, 2018—2030 (USD Thousands)
Table 20 Black Soldier Fly Biofertilizers (Frass) Market Size, by Country/Region, 2018—2030 (Tons)
Table 21 Black Soldier Fly Larvae Oil Market Size, by Country/Region, 2018—2030 (USD Thousands)
Table 22 Black Soldier Fly Larvae Oil Market Size, by Country/Region, 2018—2030 (Tons)
Table 23 Other Black Soldier Fly Products Market Size, by Country/Region, 2018—2030 (USD Thousands)
Table 24 Other Black Soldier Fly Products Market Size, by Country/Region, 2018—2030 (Tons)
Table 25 Global Black Soldier Fly Market Size, by Application, 2018—2030 (USD Million)
Table 26 Black Soldier Fly Market Size for Animal Feed, by Country/Region, 2018—2030 (USD Thousands)
Table 27 Black Soldier Fly Market Size for Agriculture, by Country/Region, 2018—2030 (USD Thousands)
Table 28 Black Soldier Fly Market Size for Pet Food, by Country/Region, 2018—2030 (USD Thousands)
Table 29 Black Soldier Fly Market Size for Other Applications, by Country/Region, 2018—2030 (USD Thousands)
Table 30 Global Black Soldier Fly Market Size, by Region, 2018—2030 (USD Million)
Table 31 Global Black Soldier Fly Market Size, by Region, 2018—2030 (Tons)
Table 32 Asia-Pacific: Black Soldier Fly Market Size, by Country, 2018—2030 (USD Thousands)
Table 33 Asia-Pacific: Black Soldier Fly Market Size, by Country, 2018—2030 (Tons)
Table 34 Asia-Pacific: Black Soldier Fly Market Size, by Product, 2018—2030 (USD Thousands)
Table 35 Asia-Pacific: Black Soldier Fly Market Size, by Product, 2018—2030 (Tons)
Table 36 Asia-Pacific: Black Soldier Fly Market Size, by Application, 2018—2030 (USD Thousands)
Table 37 China: Black Soldier Fly Market Size, by Product, 2018—2030 (USD Thousands)
Table 38 China: Black Soldier Fly Market Size, by Product, 2018—2030 (Tons)
Table 39 China: Black Soldier Fly Market Size, by Application, 2018—2030 (USD Thousands)
Table 40 South Korea: Black Soldier Fly Market Size, by Product, 2018—2030 (USD Thousands)
Table 41 South Korea: Black Soldier Fly Market Size, by Product, 2018—2030 (Tons)
Table 42 South Korea: Black Soldier Fly Market Size, by Application, 2018—2030 (USD Thousands)
Table 43 Japan: Black Soldier Fly Market Size, by Product, 2018—2030 (USD Thousands)
Table 44 Japan: Black Soldier Fly Market Size, by Product, 2018—2030 (Tons)
Table 45 Japan: Black Soldier Fly Market Size, by Application, 2018—2030 (USD Thousands)
Table 46 Malaysia: Black Soldier Fly Market Size, by Product, 2018—2030 (USD Thousands)
Table 47 Malaysia: Black Soldier Fly Market Size, by Product, 2018—2030 (Tons)
Table 48 Malaysia: Black Soldier Fly Market Size, by Application, 2018—2030 (USD Thousands)
Table 49 Vietnam: Black Soldier Fly Market Size, by Product, 2018—2030 (USD Thousands)
Table 50 Vietnam: Black Soldier Fly Market Size, by Product, 2018—2030 (Tons)
Table 51 Vietnam: Black Soldier Fly Market Size, by Application, 2018—2030 (USD Thousands)
Table 52 Thailand: Black Soldier Fly Market Size, by Product, 2018—2030 (USD Thousands)
Table 53 Thailand: Black Soldier Fly Market Size, by Product, 2018—2030 (Tons)
Table 54 Thailand: Black Soldier Fly Market Size, by Application, 2018—2030 (USD Thousands)
Table 55 Rest of Asia-Pacific: Black Soldier Fly Market Size, by Product, 2018—2030 (USD Thousands)
Table 56 Rest of Asia-Pacific: Black Soldier Fly Market Size, by Product, 2018—2030 (Tons)
Table 57 Rest of Asia-Pacific: Black Soldier Fly Market Size, by Application, 2018—2030 (USD Thousands)
Table 58 Europe: Black Soldier Fly Market Size, by Country, 2018—2030 (USD Thousands)
Table 59 Europe: Black Soldier Fly Market Size, by Country, 2018—2030 (Tons)
Table 60 Europe: Black Soldier Fly Market Size, by Product, 2018—2030 (USD Thousands)
Table 61 Europe: Black Soldier Fly Market Size, by Product, 2018—2030 (Tons)
Table 62 Europe: Black Soldier Fly Market Size, by Application, 2018—2030 (USD Thousands)
Table 63 The Netherlands: Black Soldier Fly Market Size, by Product, 2018—2030 (USD Thousands)
Table 64 The Netherlands: Black Soldier Fly Market Size, by Product, 2018—2030 (Tons)
Table 65 The Netherlands: Black Soldier Fly Market Size, by Application, 2018—2030 (USD Thousands)
Table 66 France: Black Soldier Fly Market Size, by Product, 2018—2030 (USD Thousands)
Table 67 France: Black Soldier Fly Market Size, by Product, 2018—2030 (Tons)
Table 68 France: Black Soldier Fly Market Size, by Application, 2018—2030 (USD Thousands)
Table 69 U.K.: Black Soldier Fly Market Size, by Product, 2018—2030 (USD Thousands)
Table 70 U.K.: Black Soldier Fly Market Size, by Product, 2018—2030 (Tons)
Table 71 U.K.: Black Soldier Fly Market Size, by Application, 2018—2030 (USD Thousands)
Table 72 Germany: Black Soldier Fly Market Size, by Product, 2018—2030 (USD Thousands)
Table 73 Germany: Black Soldier Fly Market Size, by Product, 2018—2030 (Tons)
Table 74 Germany: Black Soldier Fly Market Size, by Application, 2018—2030 (USD Thousands)
Table 75 Finland: Black Soldier Fly Market Size, by Product, 2018—2030 (USD Thousands)
Table 76 Finland: Black Soldier Fly Market Size, by Product, 2018—2030 (Tons)
Table 77 Finland: Black Soldier Fly Market Size, by Application, 2018—2030 (USD Thousands)
Table 78 Denmark: Black Soldier Fly Market Size, by Product, 2018—2030 (USD Thousands)
Table 79 Denmark: Black Soldier Fly Market Size, by Product, 2018—2030 (Tons)
Table 80 Denmark: Black Soldier Fly Market Size, by Application, 2018—2030 (USD Thousands)
Table 81 Belgium: Black Soldier Fly Market Size, by Product, 2018—2030 (USD Thousands)
Table 82 Belgium: Black Soldier Fly Market Size, by Product, 2018—2030 (Tons)
Table 83 Belgium: Black Soldier Fly Market Size, by Application, 2018—2030 (USD Thousands)
Table 84 Rest of Europe: Black Soldier Fly Market Size, by Product, 2018—2030 (USD Thousands)
Table 85 Rest of Europe: Black Soldier Fly Market Size, by Product, 2018—2030 (Tons)
Table 86 Rest of Europe: Black Soldier Fly Market Size, by Application, 2018—2030 (USD Thousands)
Table 87 Top 10 Largest Animal Feed Manufacturers in The U.S., 2020
Table 88 North America: Black Soldier Fly Market Size, by Country, 2018—2030 (USD Thousands)
Table 89 North America: Black Soldier Fly Market Size, by Country, 2018—2030 (Tons)
Table 90 North America: Black Soldier Fly Market Size, by Product, 2018—2030 (USD Thousands)
Table 91 North America: Black Soldier Fly Market Size, by Product, 2018—2030 (Tons)
Table 92 North America: Black Soldier Fly Market Size, by Application, 2018—2030 (USD Thousands)
Table 93 U.S.: Black Soldier Fly Market Size, by Product, 2018—2030 (USD Thousands)
Table 94 U.S.: Black Soldier Fly Market Size, by Product, 2018—2030 (Tons)
Table 95 U.S.: Black Soldier Fly Market Size, by Application, 2018—2030 (USD Thousands)
Table 96 Canada: Black Soldier Fly Market Size, by Product, 2018—2030 (USD Thousands)
Table 97 Canada: Black Soldier Fly Market Size, by Product, 2018—2030 (Tons)
Table 98 Canada: Black Soldier Fly Market Size, by Application, 2018—2030 (USD Thousands)
Table 99 Latin America: Black Soldier Fly Market Size, by Product, 2018—2030 (USD Thousands)
Table 100 Latin America: Black Soldier Fly Market Size, by Product, 2018—2030 (Tons)
Table 101 Latin America: Black Soldier Fly Market Size, by Application, 2018—2030 (USD Thousands)
Table 102 Middle East & Africa: Black Soldier Fly Market Size, by Product, 2018—2030 (USD Thousands)
Table 103 Middle East & Africa: Black Soldier Fly Market Size, by Product, 2018—2030 (Tons)
Table 104 Middle East & Africa: Black Soldier Fly Market Size, by Application, 2018—2030 (USD Thousands)
Table 105 Number of Developments by The Major Players During 2018-2021
List of Figures
Figure 1 Market Ecosystem
Figure 2 Research Process
Figure 3 Key Secondary Sources
Figure 4 Primary Research Techniques
Figure 5 Key Executives interviewed
Figure 6 Breakdown of Primary interviews (Supply-Side & Demand-Side)
Figure 7 Market Size Estimation
Figure 8 Protein Meals to Dominate the Global Black Soldier Fly Market During the Forecast Period
Figure 9 Animal Feed to Dominate the Global Black Soldier Fly Market During the Forecast Period
Figure 10 Global Black Soldier Fly Market Share, by Geography
Figure 11 Market Dynamics
Figure 12 World Population Growth, 2010 Vs. 2050
Figure 13 Contribution of Seafood Supply, 2010 to 2030
Figure 14 Europe: Regulatory Approval for insect Use in Animal Feed, 2017
Figure 15 Average Selling Prices of Protein Meal, by Country/Region, 2018–2030 (USD/Ton)
Figure 16 Average Selling Prices of Biofertilizer (Frass), by Country/Region, 2018–2030 (USD/Ton)
Figure 17 Average Selling Prices of Whole Dried Larvae, by Country/Region, 2018–2030 (USD/Ton)
Figure 18 Average Selling Prices of BSF insect Oil, by Country/Region, 2018–2030 (USD/Ton)
Figure 19 Average Selling Prices of Raw Chitin, by Country/Region, 2018–2030 (USD/Ton)
Figure 20 Average Selling Prices of Chitin/Chitosan, by Country/Region, 2018–2030 (USD/Ton)
Figure 21 Average Selling Prices of Other BSF Product, by Country/Region, 2018–2030 (USD/Ton)
Figure 22 Swot Analysis: BSF Derived Chitin & Chitosan industry
Figure 23 Commonly Suggested Market Disruption Strategies for BSF-Derived Chitin & Chitosan
Figure 24 Global Black Soldier Fly Market Size, by Product, 2020–2030 (USD Thousand)
Figure 25 Global Black Soldier Fly Market Size, by Product, 2020–2030 (Tons)
Figure 26 Global Black Soldier Fly Market Size, by Application, 2020—2030 (USD Thousand)
Figure 27 Global Black Soldier Fly Market Size, by Region, 2020—2030 (USD Million)
Figure 28 Global Black Soldier Fly Market Size, by Region, 2020—2030 (Tons)
Figure 29 Asia-Pacific Fish Meal Production, by Country, 2019 (1,000 Mt)
Figure 30 Asia-Pacific Snapshot
Figure 31 Europe Snapshot
Figure 32 Major Commercial Fish Species Exported from Finland, 2017
Figure 33 North America Poultry industry insights, 2018
Figure 34 North America Snapshot
Figure 35 Latin America Snapshot
Figure 36 Middle East & Africa Snapshot
Figure 37 Key Growth Strategies Adopted by Leading Players, 2018-2021
Figure 38 Global Black Soldier Fly Products Market: Competitive Benchmarking
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The Black Soldier Fly Market is expected to reach $3.4 billion by 2030 at a CAGR of 34.7% during the forecast period of 2020 to 2030. The growing global demand for animal products, expanding aquaculture industry, increasing demand from the animal feed industry for alternative proteins due to rising prices of soymeal, and increasing government approvals of insect meal in livestock feed are some of the major driving factors that help to boost the demand for black soldier fly.
Impact of COVID-19 on the Black Soldier Fly Market
The outbreak of COVID-19 has had a significant impact on public health and all stages of the supply chain and various industries. Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 100 countries worldwide, with the World Health Organization declaring it a public health emergency. The global impacts of the COVID-19 significantly affected the black soldier fly market in 2020.
According to WHO, the COVID-19 might have originated in bats. In contrast, others say the virus was transmitted to humans in Wuhan, China, at a wet market, where animals like bats, snakes, rabbits, and birds are illegally sold. So, the fear and delusion of coronavirus transmission from the animals and the use of animal-based products have hit hard the consumption of animal proteins. The global export for chicken, beef, pork meat trade has been reduced due to the emerging threats from the spread of the COVID-19 pandemic. This trend has plummeted the demand for animal-based products, including black soldier flies.
Furthermore, as the U.S. government implemented stay-at-home orders, many farmers resorted to panic-buying of animal feed in anticipation of potential shortages. Several concerns, such as truck shortages, reduced deliveries, and employees contracting COVID-19, compelled farmers to stock their animal feed supplies. In addition, truncated air freight capacity, port congestion, roadblocks, and logistic disruptions in Southeast Asia are expected to escalate as stricter measures are implemented by governments. The consumption of fish, poultry, pork, and beef is expected to decline in Southeast Asian economies through the second quarter. Thus, the decline in fish consumption, poultry, pork, and beef is expected to decrease the demand for black soldier flies in the market.
However, in some regions, lockdowns have been announced to control the pandemic, impacting the movement of vehicles carrying livestock, feed, and feed ingredients. Due to the risk of animal feed, suppliers are slowing their production or closing altogether. Farmers are concerned they may need to slow or stop slaughterhouse operations and keep their animals for longer due to lower demand, requiring them to use more feed than usual. Even delivery trucks are difficult to procure. These factors have led to livestock farms building up two-week supplies of feed when normally they might only keep enough for one or two days. For example, Purina Animal Nutrition LLC, which uses black soldier fly as a feed ingredient, has seen a slight increase in its livestock business sales. In addition, Cargill had seen its global feed sales volume grow by 10% or more in March 2020.
Click here to: Get Free Sample Pages of this Report
Increasing government support for the use of insect meal in livestock feed
Many government authorities are playing a coordinating role in promoting the sustainable supply of safe, healthy feed in the global insect feed industry. The support from some of the government authorities for the consumption of BSF-based products in animal feed is growing its demand.
Europe: Insect Products and Their Expected Year of Approval in Feed Segments
|
Insect Type |
Poultry Feed |
Pig Feed |
|
Dried Insect Whole |
2020 |
2020 |
|
Dried Insect Processed |
2020 |
2020 |
|
Insect Protein |
2021 |
2022 |
Source: International Platform of Insects for Food and Feed (IPIFF), Food and Drug Administration (FDA), the Canadian Food Inspection Agency (CFIA), and Meticulous Research® Analysis
Moreover, the European government legislation prohibits using dead insects or processed insects in feed for chickens and pigs. However, it is allowed to feed live insects, insect oil, or hydrolyzed protein. According to the International Platform of Insects for Food and Feed (IPIFF), the use of insect meals in pigs and poultry feed will be the main focus after the approval of its use in aquafeed. The IPIFF expects that 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, growing government support to approve the use of insect meal in feed is expected to fuel the growth of the BSF market in the coming years.
Key Findings in the Black Soldier Fly Market Study:
BSF protein meal to grow with the fastest CAGR during the forecast period
Based on product type, in terms of value and volume, the protein meals segment is expected to witness rapid growth during the forecast period. The growing demand for alternative protein meals from animal feed manufacturers, increased fish meal and soy meal prices, and government support and approval for an insect meal are some of the major drivers for this segment. Moreover, some fish feeding trials have successfully demonstrated the BSF meal as a better substitute for fish meal in aquafeeds.
Animal feed to dominate the black soldier fly market in 2020
Based on application, animal feed commanded the largest share of the global black soldier fly market in 2020. The large share of this market is mainly attributed to the growing world population and the rapidly increasing demand for meat products. Also, the adoption of an alternative source of protein such as insects for animal feed offers a great opportunity during the forecasted period.
Europe: Growing at the fastest pace among all regions
In 2020, Asia-Pacific commanded the largest share of the global black soldier fly market. The major share of Asia-Pacific is mainly attributed to the increasing consumption of meat and seafood, growing aquaculture industry, rising awareness of BSF as an alternative protein source for use in animal feed, and increase in the prices of fish meal. However, Europe is expected to witness rapid growth during the forecast period. The rapid growth of this region is mainly attributed to the high demand for protein-rich animal feed; large supply of waste, including pre-consumer food waste from agriculture and food and beverage sectors; government approval for BSF products to be used in animal feed and pet food; and presence of supportive policies for BSF farming.
Key Players
The report includes a competitive landscape based on an extensive assessment of the key strategic developments adopted by leading market participants in the industry over the past three years. The key players profiled in the global black soldier fly market report are AgriProtein (A Part of Insect Technology Group) (England), Protix B.V. (Netherlands), Enterra Feed Corporation (Canada), InnovaFeed (France), EnviroFlight LLC (U.S.), Bioflytech (Spain), Entobel Holding PTE. Ltd. (Singapore), Entofood (Malaysia), Sfly (France), Hexafly (Ireland), F4F (Chile), Nutrition Technologies Group (Malaysia), nextProtein (France), and Protenga Pte Ltd (Singapore), among others.
Scope of the Report:
Black Soldier Fly Market, by Product Type
- Protein Meal
- Biofertilizers (Frass)
- Whole Dried Larvae
- Larvae Oil
- 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:
1 Introduction
1.1. Market Ecosystem
1.2. Currency
1.3. Key Stakeholders
2 Research Methodology
2.1. Research Process
2.2. Data Collection & Validation
2.2.1. Secondary Research
2.2.2. Primary Research
2.3. Market Assessment
2.3.1. Market Size Estimation
2.3.1.1. Bottom-Up Approach
2.3.1.2. Top-Down Approach
2.3.1.3. Growth Forecast
2.4. Assumptions for the Study
2.5. Limitations for the Study
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 Fish and 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 Europe
4.4. Opportunity
4.4.1. Expansion in Emerging & Developed Economies
4.5. Challenges
4.5.1. Pricing Competition from Parent Industries
4.6. Impact of COVID-19 on the Black Soldier Fly Market
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 Opportunity Analysis: BSF-Derived Chitin and Chitosan
5.1. BSF-Derived Chitin Trends
5.2. Chitin/Chitosan
6 Global Black Soldier Fly Market, by Product
6.1. Introduction
6.2. Protein Meals
6.3. Whole Dried Larvae
6.4. Biofertilizers (Frass)
6.5. Larvae Oil
6.6. Other BSF Products
7 Global Black Soldier Fly Market, by Application
7.1. Introduction
7.2. Animal Feed
7.3. Agriculture
7.4. Pet Food
7.5. Other Applications
8 Black Soldier Fly Market, by Region
8.1. Introduction
8.2. Asia-Pacific
8.2.1. China
8.2.2. South Korea
8.2.3. Japan
8.2.4. Malaysia
8.2.5. Vietnam
8.2.6. Thailand
8.2.7. Rest of Asia-Pacific (RoAPAC)
8.3. Europe
8.3.1. Netherlands
8.3.2. France
8.3.3. U.K.
8.3.4. Germany
8.3.5. Finland
8.3.6. Denmark
8.3.7. Belgium
8.3.8. Rest of Europe (RoE)
8.4. North America
8.4.1. U.S.
8.4.2. Canada
8.5. Latin America
8.6. Middle East & Africa
9 Competitive Landscape
9.1. Introduction
9.2. Competitive Benchmarking
10 Company Profiles
10.1. AgriProtein (A Part of Insect Technology Group)
10.1.1. Business Overview
10.1.2. Funding Received
10.1.3. Product Portfolio
10.1.4. Strategic Developments
10.2. Protix B.V.
10.2.1. Business Overview
10.2.2. Funding Received
10.2.3. Product Portfolio
10.2.4. Strategic Developments
10.3. Enterra Feed Corporation
10.3.1. Business Overview
10.3.2. Funding Received
10.3.3. Product Portfolio
10.4. InnovaFeed
10.4.1. Business Overview
10.4.2. Funding Received
10.4.3. Product Portfolio
10.4.4. Strategic Development
10.5. EnviroFlight, LLC
10.5.1. Business Overview
10.5.2. Product Portfolio
10.5.3. Strategic Developments
10.6. Bioflytech
10.6.1. Business Overview
10.6.2. Funding Received
10.6.3. Product Portfolio
10.7. Entobel Holding Pte. Ltd.
10.7.1. Business Overview
10.7.2. Funding Received
10.7.3. Product Portfolio
10.7.4. Strategic Developments
10.8. Entofood Sdn Bhd
10.8.1. Business Overview
10.8.2. Product Portfolio
10.9. Sfly Comgraf SaS
10.9.1. Business Overview
10.9.2. Product Portfolio
10.10. Hexafly
10.10.1. Business Overview
10.10.2. Funding Received
10.10.3. Product Portfolio
10.11. F4F Spa
10.11.1. Business Overview
10.11.2. Product Portfolio
10.12. Nutrition Technologies Group
10.12.1. Business Overview
10.12.2. Funding Received
10.12.3. Product Portfolio
10.12.4. Strategic Developments
10.13. Protenga Pte Ltd.
10.13.1. Business Overview
10.13.2. Funding Received
10.13.3. Product Portfolio
10.14. nextProtein
10.14.1. Business Overview
10.14.2. Funding Received
10.14.3. Product Portfolio
11 Appendix
11.1. Questionnaire
11.2. Available Customization
List of Tables
Table 1 World Protein Production Outlook Until 2050
Table 2 Europe: insect Meal Potential Replacement Volume in Three Feed Market Segments, 2016
Table 3 Europe: insect Products and Their Expected Year of Approval in Feed Segments
Table 4 Average Selling Prices for Protein Meal, by Country/Region, 2018–2030 (USD/Ton)
Table 5 Average Selling Prices of Biofertilizers (Frass), by Country/Region, 2018–2030 (USD/Ton)
Table 6 Average Selling Prices of Whole Dried Larvae, by Country/Region, 2018–2030 (USD/Ton)
Table 7 Average Selling Prices of Larvae Oil, by Country/Region, 2018–2030 (USD/Ton)
Table 8 Average Selling Prices of Raw Chitin, by Country/Region, 2018–2030 (USD/Ton)
Table 9 Average Selling Prices of Chitin/Chitosan, by Country/Region, 2018–2030 (USD/Ton)
Table 10 Average Selling Prices of Other BSF Products, by Country/Region, 2018–2030 (USD/Ton)
Table 11 Chitin/Chitosan Market Size, by Country/Region, 2025—2030 (USD Thousands)
Table 12 Chitin/Chitosan Market Size, by Country/Region, 2025—2030 (Tons)
Table 13 Global Black Soldier Fly Market Size, by Product, 2018-2030 (USD Thousand)
Table 14 Global Black Soldier Fly Market Size, by Product, 2018-2030 (Tons)
Table 15 Black Soldier Fly Protein Meals Market Size, by Country/Region, 2018—2030 (USD Thousands)
Table 16 Black Soldier Fly Protein Meals Market Size, by Country/Region, 2018—2030 (Tons)
Table 17 Black Soldier Fly Whole Dried Larvae Market Size, by Country/Region, 2018—2030 (USD Thousands)
Table 18 Black Soldier Fly Whole Dried Larvae Market Size, by Country/Region, 2018—2030 (Tons)
Table 19 Black Soldier Fly Biofertilizers (Frass) Market Size, by Country/Region, 2018—2030 (USD Thousands)
Table 20 Black Soldier Fly Biofertilizers (Frass) Market Size, by Country/Region, 2018—2030 (Tons)
Table 21 Black Soldier Fly Larvae Oil Market Size, by Country/Region, 2018—2030 (USD Thousands)
Table 22 Black Soldier Fly Larvae Oil Market Size, by Country/Region, 2018—2030 (Tons)
Table 23 Other Black Soldier Fly Products Market Size, by Country/Region, 2018—2030 (USD Thousands)
Table 24 Other Black Soldier Fly Products Market Size, by Country/Region, 2018—2030 (Tons)
Table 25 Global Black Soldier Fly Market Size, by Application, 2018—2030 (USD Million)
Table 26 Black Soldier Fly Market Size for Animal Feed, by Country/Region, 2018—2030 (USD Thousands)
Table 27 Black Soldier Fly Market Size for Agriculture, by Country/Region, 2018—2030 (USD Thousands)
Table 28 Black Soldier Fly Market Size for Pet Food, by Country/Region, 2018—2030 (USD Thousands)
Table 29 Black Soldier Fly Market Size for Other Applications, by Country/Region, 2018—2030 (USD Thousands)
Table 30 Global Black Soldier Fly Market Size, by Region, 2018—2030 (USD Million)
Table 31 Global Black Soldier Fly Market Size, by Region, 2018—2030 (Tons)
Table 32 Asia-Pacific: Black Soldier Fly Market Size, by Country, 2018—2030 (USD Thousands)
Table 33 Asia-Pacific: Black Soldier Fly Market Size, by Country, 2018—2030 (Tons)
Table 34 Asia-Pacific: Black Soldier Fly Market Size, by Product, 2018—2030 (USD Thousands)
Table 35 Asia-Pacific: Black Soldier Fly Market Size, by Product, 2018—2030 (Tons)
Table 36 Asia-Pacific: Black Soldier Fly Market Size, by Application, 2018—2030 (USD Thousands)
Table 37 China: Black Soldier Fly Market Size, by Product, 2018—2030 (USD Thousands)
Table 38 China: Black Soldier Fly Market Size, by Product, 2018—2030 (Tons)
Table 39 China: Black Soldier Fly Market Size, by Application, 2018—2030 (USD Thousands)
Table 40 South Korea: Black Soldier Fly Market Size, by Product, 2018—2030 (USD Thousands)
Table 41 South Korea: Black Soldier Fly Market Size, by Product, 2018—2030 (Tons)
Table 42 South Korea: Black Soldier Fly Market Size, by Application, 2018—2030 (USD Thousands)
Table 43 Japan: Black Soldier Fly Market Size, by Product, 2018—2030 (USD Thousands)
Table 44 Japan: Black Soldier Fly Market Size, by Product, 2018—2030 (Tons)
Table 45 Japan: Black Soldier Fly Market Size, by Application, 2018—2030 (USD Thousands)
Table 46 Malaysia: Black Soldier Fly Market Size, by Product, 2018—2030 (USD Thousands)
Table 47 Malaysia: Black Soldier Fly Market Size, by Product, 2018—2030 (Tons)
Table 48 Malaysia: Black Soldier Fly Market Size, by Application, 2018—2030 (USD Thousands)
Table 49 Vietnam: Black Soldier Fly Market Size, by Product, 2018—2030 (USD Thousands)
Table 50 Vietnam: Black Soldier Fly Market Size, by Product, 2018—2030 (Tons)
Table 51 Vietnam: Black Soldier Fly Market Size, by Application, 2018—2030 (USD Thousands)
Table 52 Thailand: Black Soldier Fly Market Size, by Product, 2018—2030 (USD Thousands)
Table 53 Thailand: Black Soldier Fly Market Size, by Product, 2018—2030 (Tons)
Table 54 Thailand: Black Soldier Fly Market Size, by Application, 2018—2030 (USD Thousands)
Table 55 Rest of Asia-Pacific: Black Soldier Fly Market Size, by Product, 2018—2030 (USD Thousands)
Table 56 Rest of Asia-Pacific: Black Soldier Fly Market Size, by Product, 2018—2030 (Tons)
Table 57 Rest of Asia-Pacific: Black Soldier Fly Market Size, by Application, 2018—2030 (USD Thousands)
Table 58 Europe: Black Soldier Fly Market Size, by Country, 2018—2030 (USD Thousands)
Table 59 Europe: Black Soldier Fly Market Size, by Country, 2018—2030 (Tons)
Table 60 Europe: Black Soldier Fly Market Size, by Product, 2018—2030 (USD Thousands)
Table 61 Europe: Black Soldier Fly Market Size, by Product, 2018—2030 (Tons)
Table 62 Europe: Black Soldier Fly Market Size, by Application, 2018—2030 (USD Thousands)
Table 63 The Netherlands: Black Soldier Fly Market Size, by Product, 2018—2030 (USD Thousands)
Table 64 The Netherlands: Black Soldier Fly Market Size, by Product, 2018—2030 (Tons)
Table 65 The Netherlands: Black Soldier Fly Market Size, by Application, 2018—2030 (USD Thousands)
Table 66 France: Black Soldier Fly Market Size, by Product, 2018—2030 (USD Thousands)
Table 67 France: Black Soldier Fly Market Size, by Product, 2018—2030 (Tons)
Table 68 France: Black Soldier Fly Market Size, by Application, 2018—2030 (USD Thousands)
Table 69 U.K.: Black Soldier Fly Market Size, by Product, 2018—2030 (USD Thousands)
Table 70 U.K.: Black Soldier Fly Market Size, by Product, 2018—2030 (Tons)
Table 71 U.K.: Black Soldier Fly Market Size, by Application, 2018—2030 (USD Thousands)
Table 72 Germany: Black Soldier Fly Market Size, by Product, 2018—2030 (USD Thousands)
Table 73 Germany: Black Soldier Fly Market Size, by Product, 2018—2030 (Tons)
Table 74 Germany: Black Soldier Fly Market Size, by Application, 2018—2030 (USD Thousands)
Table 75 Finland: Black Soldier Fly Market Size, by Product, 2018—2030 (USD Thousands)
Table 76 Finland: Black Soldier Fly Market Size, by Product, 2018—2030 (Tons)
Table 77 Finland: Black Soldier Fly Market Size, by Application, 2018—2030 (USD Thousands)
Table 78 Denmark: Black Soldier Fly Market Size, by Product, 2018—2030 (USD Thousands)
Table 79 Denmark: Black Soldier Fly Market Size, by Product, 2018—2030 (Tons)
Table 80 Denmark: Black Soldier Fly Market Size, by Application, 2018—2030 (USD Thousands)
Table 81 Belgium: Black Soldier Fly Market Size, by Product, 2018—2030 (USD Thousands)
Table 82 Belgium: Black Soldier Fly Market Size, by Product, 2018—2030 (Tons)
Table 83 Belgium: Black Soldier Fly Market Size, by Application, 2018—2030 (USD Thousands)
Table 84 Rest of Europe: Black Soldier Fly Market Size, by Product, 2018—2030 (USD Thousands)
Table 85 Rest of Europe: Black Soldier Fly Market Size, by Product, 2018—2030 (Tons)
Table 86 Rest of Europe: Black Soldier Fly Market Size, by Application, 2018—2030 (USD Thousands)
Table 87 Top 10 Largest Animal Feed Manufacturers in The U.S., 2020
Table 88 North America: Black Soldier Fly Market Size, by Country, 2018—2030 (USD Thousands)
Table 89 North America: Black Soldier Fly Market Size, by Country, 2018—2030 (Tons)
Table 90 North America: Black Soldier Fly Market Size, by Product, 2018—2030 (USD Thousands)
Table 91 North America: Black Soldier Fly Market Size, by Product, 2018—2030 (Tons)
Table 92 North America: Black Soldier Fly Market Size, by Application, 2018—2030 (USD Thousands)
Table 93 U.S.: Black Soldier Fly Market Size, by Product, 2018—2030 (USD Thousands)
Table 94 U.S.: Black Soldier Fly Market Size, by Product, 2018—2030 (Tons)
Table 95 U.S.: Black Soldier Fly Market Size, by Application, 2018—2030 (USD Thousands)
Table 96 Canada: Black Soldier Fly Market Size, by Product, 2018—2030 (USD Thousands)
Table 97 Canada: Black Soldier Fly Market Size, by Product, 2018—2030 (Tons)
Table 98 Canada: Black Soldier Fly Market Size, by Application, 2018—2030 (USD Thousands)
Table 99 Latin America: Black Soldier Fly Market Size, by Product, 2018—2030 (USD Thousands)
Table 100 Latin America: Black Soldier Fly Market Size, by Product, 2018—2030 (Tons)
Table 101 Latin America: Black Soldier Fly Market Size, by Application, 2018—2030 (USD Thousands)
Table 102 Middle East & Africa: Black Soldier Fly Market Size, by Product, 2018—2030 (USD Thousands)
Table 103 Middle East & Africa: Black Soldier Fly Market Size, by Product, 2018—2030 (Tons)
Table 104 Middle East & Africa: Black Soldier Fly Market Size, by Application, 2018—2030 (USD Thousands)
Table 105 Number of Developments by The Major Players During 2018-2021
List of Figures
Figure 1 Market Ecosystem
Figure 2 Research Process
Figure 3 Key Secondary Sources
Figure 4 Primary Research Techniques
Figure 5 Key Executives interviewed
Figure 6 Breakdown of Primary interviews (Supply-Side & Demand-Side)
Figure 7 Market Size Estimation
Figure 8 Protein Meals to Dominate the Global Black Soldier Fly Market During the Forecast Period
Figure 9 Animal Feed to Dominate the Global Black Soldier Fly Market During the Forecast Period
Figure 10 Global Black Soldier Fly Market Share, by Geography
Figure 11 Market Dynamics
Figure 12 World Population Growth, 2010 Vs. 2050
Figure 13 Contribution of Seafood Supply, 2010 to 2030
Figure 14 Europe: Regulatory Approval for insect Use in Animal Feed, 2017
Figure 15 Average Selling Prices of Protein Meal, by Country/Region, 2018–2030 (USD/Ton)
Figure 16 Average Selling Prices of Biofertilizer (Frass), by Country/Region, 2018–2030 (USD/Ton)
Figure 17 Average Selling Prices of Whole Dried Larvae, by Country/Region, 2018–2030 (USD/Ton)
Figure 18 Average Selling Prices of BSF insect Oil, by Country/Region, 2018–2030 (USD/Ton)
Figure 19 Average Selling Prices of Raw Chitin, by Country/Region, 2018–2030 (USD/Ton)
Figure 20 Average Selling Prices of Chitin/Chitosan, by Country/Region, 2018–2030 (USD/Ton)
Figure 21 Average Selling Prices of Other BSF Product, by Country/Region, 2018–2030 (USD/Ton)
Figure 22 Swot Analysis: BSF Derived Chitin & Chitosan industry
Figure 23 Commonly Suggested Market Disruption Strategies for BSF-Derived Chitin & Chitosan
Figure 24 Global Black Soldier Fly Market Size, by Product, 2020–2030 (USD Thousand)
Figure 25 Global Black Soldier Fly Market Size, by Product, 2020–2030 (Tons)
Figure 26 Global Black Soldier Fly Market Size, by Application, 2020—2030 (USD Thousand)
Figure 27 Global Black Soldier Fly Market Size, by Region, 2020—2030 (USD Million)
Figure 28 Global Black Soldier Fly Market Size, by Region, 2020—2030 (Tons)
Figure 29 Asia-Pacific Fish Meal Production, by Country, 2019 (1,000 Mt)
Figure 30 Asia-Pacific Snapshot
Figure 31 Europe Snapshot
Figure 32 Major Commercial Fish Species Exported from Finland, 2017
Figure 33 North America Poultry industry insights, 2018
Figure 34 North America Snapshot
Figure 35 Latin America Snapshot
Figure 36 Middle East & Africa Snapshot
Figure 37 Key Growth Strategies Adopted by Leading Players, 2018-2021
Figure 38 Global Black Soldier Fly Products Market: Competitive Benchmarking
1 Introduction
1.1. Market Ecosystem
1.2. Currency
1.3. Key Stakeholders
2 Research Methodology
2.1. Research Process
2.2. Data Collection & Validation
2.2.1. Secondary Research
2.2.2. Primary Research
2.3. Market Assessment
2.3.1. Market Size Estimation
2.3.1.1. Bottom-Up Approach
2.3.1.2. Top-Down Approach
2.3.1.3. Growth Forecast
2.4. Assumptions for the Study
2.5. Limitations for the Study
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 Fish and 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 Europe
4.4. Opportunity
4.4.1. Expansion in Emerging & Developed Economies
4.5. Challenges
4.5.1. Pricing Competition from Parent Industries
4.6. Impact of COVID-19 on the Black Soldier Fly Market
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 Opportunity Analysis: BSF-Derived Chitin and Chitosan
5.1. BSF-Derived Chitin Trends
5.2. Chitin/Chitosan
6 Global Black Soldier Fly Market, by Product
6.1. Introduction
6.2. Protein Meals
6.3. Whole Dried Larvae
6.4. Biofertilizers (Frass)
6.5. Larvae Oil
6.6. Other BSF Products
7 Global Black Soldier Fly Market, by Application
7.1. Introduction
7.2. Animal Feed
7.3. Agriculture
7.4. Pet Food
7.5. Other Applications
8 Black Soldier Fly Market, by Region
8.1. Introduction
8.2. Asia-Pacific
8.2.1. China
8.2.2. South Korea
8.2.3. Japan
8.2.4. Malaysia
8.2.5. Vietnam
8.2.6. Thailand
8.2.7. Rest of Asia-Pacific (RoAPAC)
8.3. Europe
8.3.1. Netherlands
8.3.2. France
8.3.3. U.K.
8.3.4. Germany
8.3.5. Finland
8.3.6. Denmark
8.3.7. Belgium
8.3.8. Rest of Europe (RoE)
8.4. North America
8.4.1. U.S.
8.4.2. Canada
8.5. Latin America
8.6. Middle East & Africa
9 Competitive Landscape
9.1. Introduction
9.2. Competitive Benchmarking
10 Company Profiles
10.1. AgriProtein (A Part of Insect Technology Group)
10.1.1. Business Overview
10.1.2. Funding Received
10.1.3. Product Portfolio
10.1.4. Strategic Developments
10.2. Protix B.V.
10.2.1. Business Overview
10.2.2. Funding Received
10.2.3. Product Portfolio
10.2.4. Strategic Developments
10.3. Enterra Feed Corporation
10.3.1. Business Overview
10.3.2. Funding Received
10.3.3. Product Portfolio
10.4. InnovaFeed
10.4.1. Business Overview
10.4.2. Funding Received
10.4.3. Product Portfolio
10.4.4. Strategic Development
10.5. EnviroFlight, LLC
10.5.1. Business Overview
10.5.2. Product Portfolio
10.5.3. Strategic Developments
10.6. Bioflytech
10.6.1. Business Overview
10.6.2. Funding Received
10.6.3. Product Portfolio
10.7. Entobel Holding Pte. Ltd.
10.7.1. Business Overview
10.7.2. Funding Received
10.7.3. Product Portfolio
10.7.4. Strategic Developments
10.8. Entofood Sdn Bhd
10.8.1. Business Overview
10.8.2. Product Portfolio
10.9. Sfly Comgraf SaS
10.9.1. Business Overview
10.9.2. Product Portfolio
10.10. Hexafly
10.10.1. Business Overview
10.10.2. Funding Received
10.10.3. Product Portfolio
10.11. F4F Spa
10.11.1. Business Overview
10.11.2. Product Portfolio
10.12. Nutrition Technologies Group
10.12.1. Business Overview
10.12.2. Funding Received
10.12.3. Product Portfolio
10.12.4. Strategic Developments
10.13. Protenga Pte Ltd.
10.13.1. Business Overview
10.13.2. Funding Received
10.13.3. Product Portfolio
10.14. nextProtein
10.14.1. Business Overview
10.14.2. Funding Received
10.14.3. Product Portfolio
11 Appendix
11.1. Questionnaire
11.2. Available Customization
List of Tables
Table 1 World Protein Production Outlook Until 2050
Table 2 Europe: insect Meal Potential Replacement Volume in Three Feed Market Segments, 2016
Table 3 Europe: insect Products and Their Expected Year of Approval in Feed Segments
Table 4 Average Selling Prices for Protein Meal, by Country/Region, 2018–2030 (USD/Ton)
Table 5 Average Selling Prices of Biofertilizers (Frass), by Country/Region, 2018–2030 (USD/Ton)
Table 6 Average Selling Prices of Whole Dried Larvae, by Country/Region, 2018–2030 (USD/Ton)
Table 7 Average Selling Prices of Larvae Oil, by Country/Region, 2018–2030 (USD/Ton)
Table 8 Average Selling Prices of Raw Chitin, by Country/Region, 2018–2030 (USD/Ton)
Table 9 Average Selling Prices of Chitin/Chitosan, by Country/Region, 2018–2030 (USD/Ton)
Table 10 Average Selling Prices of Other BSF Products, by Country/Region, 2018–2030 (USD/Ton)
Table 11 Chitin/Chitosan Market Size, by Country/Region, 2025—2030 (USD Thousands)
Table 12 Chitin/Chitosan Market Size, by Country/Region, 2025—2030 (Tons)
Table 13 Global Black Soldier Fly Market Size, by Product, 2018-2030 (USD Thousand)
Table 14 Global Black Soldier Fly Market Size, by Product, 2018-2030 (Tons)
Table 15 Black Soldier Fly Protein Meals Market Size, by Country/Region, 2018—2030 (USD Thousands)
Table 16 Black Soldier Fly Protein Meals Market Size, by Country/Region, 2018—2030 (Tons)
Table 17 Black Soldier Fly Whole Dried Larvae Market Size, by Country/Region, 2018—2030 (USD Thousands)
Table 18 Black Soldier Fly Whole Dried Larvae Market Size, by Country/Region, 2018—2030 (Tons)
Table 19 Black Soldier Fly Biofertilizers (Frass) Market Size, by Country/Region, 2018—2030 (USD Thousands)
Table 20 Black Soldier Fly Biofertilizers (Frass) Market Size, by Country/Region, 2018—2030 (Tons)
Table 21 Black Soldier Fly Larvae Oil Market Size, by Country/Region, 2018—2030 (USD Thousands)
Table 22 Black Soldier Fly Larvae Oil Market Size, by Country/Region, 2018—2030 (Tons)
Table 23 Other Black Soldier Fly Products Market Size, by Country/Region, 2018—2030 (USD Thousands)
Table 24 Other Black Soldier Fly Products Market Size, by Country/Region, 2018—2030 (Tons)
Table 25 Global Black Soldier Fly Market Size, by Application, 2018—2030 (USD Million)
Table 26 Black Soldier Fly Market Size for Animal Feed, by Country/Region, 2018—2030 (USD Thousands)
Table 27 Black Soldier Fly Market Size for Agriculture, by Country/Region, 2018—2030 (USD Thousands)
Table 28 Black Soldier Fly Market Size for Pet Food, by Country/Region, 2018—2030 (USD Thousands)
Table 29 Black Soldier Fly Market Size for Other Applications, by Country/Region, 2018—2030 (USD Thousands)
Table 30 Global Black Soldier Fly Market Size, by Region, 2018—2030 (USD Million)
Table 31 Global Black Soldier Fly Market Size, by Region, 2018—2030 (Tons)
Table 32 Asia-Pacific: Black Soldier Fly Market Size, by Country, 2018—2030 (USD Thousands)
Table 33 Asia-Pacific: Black Soldier Fly Market Size, by Country, 2018—2030 (Tons)
Table 34 Asia-Pacific: Black Soldier Fly Market Size, by Product, 2018—2030 (USD Thousands)
Table 35 Asia-Pacific: Black Soldier Fly Market Size, by Product, 2018—2030 (Tons)
Table 36 Asia-Pacific: Black Soldier Fly Market Size, by Application, 2018—2030 (USD Thousands)
Table 37 China: Black Soldier Fly Market Size, by Product, 2018—2030 (USD Thousands)
Table 38 China: Black Soldier Fly Market Size, by Product, 2018—2030 (Tons)
Table 39 China: Black Soldier Fly Market Size, by Application, 2018—2030 (USD Thousands)
Table 40 South Korea: Black Soldier Fly Market Size, by Product, 2018—2030 (USD Thousands)
Table 41 South Korea: Black Soldier Fly Market Size, by Product, 2018—2030 (Tons)
Table 42 South Korea: Black Soldier Fly Market Size, by Application, 2018—2030 (USD Thousands)
Table 43 Japan: Black Soldier Fly Market Size, by Product, 2018—2030 (USD Thousands)
Table 44 Japan: Black Soldier Fly Market Size, by Product, 2018—2030 (Tons)
Table 45 Japan: Black Soldier Fly Market Size, by Application, 2018—2030 (USD Thousands)
Table 46 Malaysia: Black Soldier Fly Market Size, by Product, 2018—2030 (USD Thousands)
Table 47 Malaysia: Black Soldier Fly Market Size, by Product, 2018—2030 (Tons)
Table 48 Malaysia: Black Soldier Fly Market Size, by Application, 2018—2030 (USD Thousands)
Table 49 Vietnam: Black Soldier Fly Market Size, by Product, 2018—2030 (USD Thousands)
Table 50 Vietnam: Black Soldier Fly Market Size, by Product, 2018—2030 (Tons)
Table 51 Vietnam: Black Soldier Fly Market Size, by Application, 2018—2030 (USD Thousands)
Table 52 Thailand: Black Soldier Fly Market Size, by Product, 2018—2030 (USD Thousands)
Table 53 Thailand: Black Soldier Fly Market Size, by Product, 2018—2030 (Tons)
Table 54 Thailand: Black Soldier Fly Market Size, by Application, 2018—2030 (USD Thousands)
Table 55 Rest of Asia-Pacific: Black Soldier Fly Market Size, by Product, 2018—2030 (USD Thousands)
Table 56 Rest of Asia-Pacific: Black Soldier Fly Market Size, by Product, 2018—2030 (Tons)
Table 57 Rest of Asia-Pacific: Black Soldier Fly Market Size, by Application, 2018—2030 (USD Thousands)
Table 58 Europe: Black Soldier Fly Market Size, by Country, 2018—2030 (USD Thousands)
Table 59 Europe: Black Soldier Fly Market Size, by Country, 2018—2030 (Tons)
Table 60 Europe: Black Soldier Fly Market Size, by Product, 2018—2030 (USD Thousands)
Table 61 Europe: Black Soldier Fly Market Size, by Product, 2018—2030 (Tons)
Table 62 Europe: Black Soldier Fly Market Size, by Application, 2018—2030 (USD Thousands)
Table 63 The Netherlands: Black Soldier Fly Market Size, by Product, 2018—2030 (USD Thousands)
Table 64 The Netherlands: Black Soldier Fly Market Size, by Product, 2018—2030 (Tons)
Table 65 The Netherlands: Black Soldier Fly Market Size, by Application, 2018—2030 (USD Thousands)
Table 66 France: Black Soldier Fly Market Size, by Product, 2018—2030 (USD Thousands)
Table 67 France: Black Soldier Fly Market Size, by Product, 2018—2030 (Tons)
Table 68 France: Black Soldier Fly Market Size, by Application, 2018—2030 (USD Thousands)
Table 69 U.K.: Black Soldier Fly Market Size, by Product, 2018—2030 (USD Thousands)
Table 70 U.K.: Black Soldier Fly Market Size, by Product, 2018—2030 (Tons)
Table 71 U.K.: Black Soldier Fly Market Size, by Application, 2018—2030 (USD Thousands)
Table 72 Germany: Black Soldier Fly Market Size, by Product, 2018—2030 (USD Thousands)
Table 73 Germany: Black Soldier Fly Market Size, by Product, 2018—2030 (Tons)
Table 74 Germany: Black Soldier Fly Market Size, by Application, 2018—2030 (USD Thousands)
Table 75 Finland: Black Soldier Fly Market Size, by Product, 2018—2030 (USD Thousands)
Table 76 Finland: Black Soldier Fly Market Size, by Product, 2018—2030 (Tons)
Table 77 Finland: Black Soldier Fly Market Size, by Application, 2018—2030 (USD Thousands)
Table 78 Denmark: Black Soldier Fly Market Size, by Product, 2018—2030 (USD Thousands)
Table 79 Denmark: Black Soldier Fly Market Size, by Product, 2018—2030 (Tons)
Table 80 Denmark: Black Soldier Fly Market Size, by Application, 2018—2030 (USD Thousands)
Table 81 Belgium: Black Soldier Fly Market Size, by Product, 2018—2030 (USD Thousands)
Table 82 Belgium: Black Soldier Fly Market Size, by Product, 2018—2030 (Tons)
Table 83 Belgium: Black Soldier Fly Market Size, by Application, 2018—2030 (USD Thousands)
Table 84 Rest of Europe: Black Soldier Fly Market Size, by Product, 2018—2030 (USD Thousands)
Table 85 Rest of Europe: Black Soldier Fly Market Size, by Product, 2018—2030 (Tons)
Table 86 Rest of Europe: Black Soldier Fly Market Size, by Application, 2018—2030 (USD Thousands)
Table 87 Top 10 Largest Animal Feed Manufacturers in The U.S., 2020
Table 88 North America: Black Soldier Fly Market Size, by Country, 2018—2030 (USD Thousands)
Table 89 North America: Black Soldier Fly Market Size, by Country, 2018—2030 (Tons)
Table 90 North America: Black Soldier Fly Market Size, by Product, 2018—2030 (USD Thousands)
Table 91 North America: Black Soldier Fly Market Size, by Product, 2018—2030 (Tons)
Table 92 North America: Black Soldier Fly Market Size, by Application, 2018—2030 (USD Thousands)
Table 93 U.S.: Black Soldier Fly Market Size, by Product, 2018—2030 (USD Thousands)
Table 94 U.S.: Black Soldier Fly Market Size, by Product, 2018—2030 (Tons)
Table 95 U.S.: Black Soldier Fly Market Size, by Application, 2018—2030 (USD Thousands)
Table 96 Canada: Black Soldier Fly Market Size, by Product, 2018—2030 (USD Thousands)
Table 97 Canada: Black Soldier Fly Market Size, by Product, 2018—2030 (Tons)
Table 98 Canada: Black Soldier Fly Market Size, by Application, 2018—2030 (USD Thousands)
Table 99 Latin America: Black Soldier Fly Market Size, by Product, 2018—2030 (USD Thousands)
Table 100 Latin America: Black Soldier Fly Market Size, by Product, 2018—2030 (Tons)
Table 101 Latin America: Black Soldier Fly Market Size, by Application, 2018—2030 (USD Thousands)
Table 102 Middle East & Africa: Black Soldier Fly Market Size, by Product, 2018—2030 (USD Thousands)
Table 103 Middle East & Africa: Black Soldier Fly Market Size, by Product, 2018—2030 (Tons)
Table 104 Middle East & Africa: Black Soldier Fly Market Size, by Application, 2018—2030 (USD Thousands)
Table 105 Number of Developments by The Major Players During 2018-2021
List of Figures
Figure 1 Market Ecosystem
Figure 2 Research Process
Figure 3 Key Secondary Sources
Figure 4 Primary Research Techniques
Figure 5 Key Executives interviewed
Figure 6 Breakdown of Primary interviews (Supply-Side & Demand-Side)
Figure 7 Market Size Estimation
Figure 8 Protein Meals to Dominate the Global Black Soldier Fly Market During the Forecast Period
Figure 9 Animal Feed to Dominate the Global Black Soldier Fly Market During the Forecast Period
Figure 10 Global Black Soldier Fly Market Share, by Geography
Figure 11 Market Dynamics
Figure 12 World Population Growth, 2010 Vs. 2050
Figure 13 Contribution of Seafood Supply, 2010 to 2030
Figure 14 Europe: Regulatory Approval for insect Use in Animal Feed, 2017
Figure 15 Average Selling Prices of Protein Meal, by Country/Region, 2018–2030 (USD/Ton)
Figure 16 Average Selling Prices of Biofertilizer (Frass), by Country/Region, 2018–2030 (USD/Ton)
Figure 17 Average Selling Prices of Whole Dried Larvae, by Country/Region, 2018–2030 (USD/Ton)
Figure 18 Average Selling Prices of BSF insect Oil, by Country/Region, 2018–2030 (USD/Ton)
Figure 19 Average Selling Prices of Raw Chitin, by Country/Region, 2018–2030 (USD/Ton)
Figure 20 Average Selling Prices of Chitin/Chitosan, by Country/Region, 2018–2030 (USD/Ton)
Figure 21 Average Selling Prices of Other BSF Product, by Country/Region, 2018–2030 (USD/Ton)
Figure 22 Swot Analysis: BSF Derived Chitin & Chitosan industry
Figure 23 Commonly Suggested Market Disruption Strategies for BSF-Derived Chitin & Chitosan
Figure 24 Global Black Soldier Fly Market Size, by Product, 2020–2030 (USD Thousand)
Figure 25 Global Black Soldier Fly Market Size, by Product, 2020–2030 (Tons)
Figure 26 Global Black Soldier Fly Market Size, by Application, 2020—2030 (USD Thousand)
Figure 27 Global Black Soldier Fly Market Size, by Region, 2020—2030 (USD Million)
Figure 28 Global Black Soldier Fly Market Size, by Region, 2020—2030 (Tons)
Figure 29 Asia-Pacific Fish Meal Production, by Country, 2019 (1,000 Mt)
Figure 30 Asia-Pacific Snapshot
Figure 31 Europe Snapshot
Figure 32 Major Commercial Fish Species Exported from Finland, 2017
Figure 33 North America Poultry industry insights, 2018
Figure 34 North America Snapshot
Figure 35 Latin America Snapshot
Figure 36 Middle East & Africa Snapshot
Figure 37 Key Growth Strategies Adopted by Leading Players, 2018-2021
Figure 38 Global Black Soldier Fly Products Market: Competitive Benchmarking