The Insect Fertilizers Market is expected to reach $319.7 million by 2029, at a CAGR of 24.3% during the forecast period of 2022 to 2029. The growth of this market is attributed to factors such as the growth in the organic food industry, the growing awareness about the use of insects to convert waste into organic fertilizer, and the increasing production of waste from the restaurant, agriculture, and food & beverage industries.
Furthermore, market expansions in emerging & developed companies are expected to provide lucrative opportunities for players operating in this market. However, a non-standardized regulatory framework across the globe and lack of awareness & low adoption rate of insect fertilizers are expected to hinder the growth of this market to a notable extent.
Impact of COVID-19 on the Insect Fertilizers Market
The COVID-19 pandemic adversely affected numerous economies worldwide. The implementation of complete lockdowns and quarantines to curb the spread of COVID-19 negatively impacted many industries globally, including the agriculture industry. In the agriculture sector, the fertilizers market registered a significant decline in sales during the first quarter of 2020 due to disrupted logistics and transportation. The fertilizers market registered interruptions in the entire value chain, from raw materials supply to manufacturing, packaging, and distribution.
The impacts of the COVID-19 outbreak on the insect fertilizers market have been noticed since early 2020 in China, one of the world's largest producers and consumers of organic fertilizers. The shutting down of production plants in China and restrictions on the export and import of fertilizers and raw materials, particularly animal waste to and from China's restricted areas, negatively affected the supply chain. This scenario impacted the production, sales, and operations of this industry. The pandemic is also expected to adversely affect the insect fertilizers market in many countries globally, including the U.S., India, Australia, Brazil, and the countries in the EU.
The fertilizers industry in Southeast Asia faced numerous challenges due to the COVID-19 pandemic, impacting the fertilizer distribution within and across markets in the Asia-Pacific region. Although lockdowns were imposed in Malaysia, fertilizer production facilities were given clearance to continue operations since they are essential in maintaining the food supply. However, the lockdown created logistic hurdles for suppliers and impacted the distribution of fertilizer products within the country and across the border to Thailand.
Therefore, the complete halting of the transportation & logistics industry and reduced production in some countries due to the global lockdowns adversely affected the insect fertilizers market in terms of volume sales and market revenue in 2020 and 2021.
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Increasing Use of BSF Frass in Agricultural Practices Fuels the Growth of the Insect Fertilizers Market
Intensive crop production requires many fertilizer inputs, which are expensive and inaccessible to some farmers, especially in low to middle-income countries. Furthermore, the production of mineral fertilizers is energy-consuming, and their use in farming is increasingly being regarded as unsustainable. Therefore, exploring the black soldier fly as a novel fertilizer offers significant benefits to farmers.
A study published by the Frontiers Organization shows that the use of black soldier fly frass fertilizers increased maize plant height, chlorophyll concentration, and nitrogen and phosphorus uptake in farms.
Municipal solid waste management is a major issue in urban governance due to the effects of solid waste on environmental health. This is especially prevalent in developing countries due to inadequate infrastructure and technical inefficiencies. According to the World Bank Organization, in 2020, about 50% of the world population lived in cities and generated more than 3 million metric tons of waste (including household items, food waste, and packaging) daily. By 2025, this number is expected to double. Thus, BSFL has the potential to convert food waste into high-quality fertilizers. The benefits offered by black soldier fly frass fertilizers in agriculture, and the increasing production of wastes are expected to increase the growth of the BSF frass fertilizers market.
Key Findings in the Insect Fertilizers Market Study
Black Soldier Flies Segment to Grow at the Highest CAGR During Forecast Period
Based on insect type, the insect fertilizers market is segmented into black soldier flies, mealworms, crickets, buffalo worms, grasshoppers, ants, silkworms, cicadas, and other insects. The black soldier fly segment is expected to grow at the highest CAGR during the forecast period of 2022 to 2029. The growth of this segment is attributed to the factors such as the increasing production of waste from restaurants, agriculture, and food & beverage industries; rising urbanization in developing countries; and growing awareness about the use of black soldier fly larvae to convert waste into organic fertilizer.
Cereals & Grains Segment to Dominate the Insect Fertilizers Market in 2022
Based on application, the insect fertilizers market is segmented into cereals & grains, fruits & vegetables, and others. In 2022, the cereals & grains segment is estimated to account for the largest share of the insect fertilizers market. The large market share of this segment is attributed to the increasing demand for organic cereals from developed and developing economies due to the potential health benefits offered by organic cereals
Asia-Pacific: Fastest Growing Regional Market
Based on geography, the insect fertilizers market is segmented into five major geographies: North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The market in Asia-Pacific is expected to grow at the highest CAGR during the forecast period of 2022 to 2029. The growth of this regional market is attributed to factors such as increased consumer awareness of insect fertilizers as an alternative source to chemical fertilizers, the rise of healthy lifestyles trends due to growing consumers' awareness about health & safety, and the promotion of sustainable farming practices to reduce the hazardous chemical traces in soil & water.
Key Players
The key players operating in the insect fertilizers market include 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).
Scope of the Report:
Insect Fertilizers Market, by Insect Type
Insect Fertilizers Market, by Application
Insect Fertilizers Market, by Geography
Key Questions Answered in the Report:
This study provides valuable insights into the insect fertilizers market, segmented based on insect type, application, and geography.
The insect fertilizer market is projected to reach $319.7 million by 2029, at a CAGR of 24.3% during the forecast period.
Based on insect type, the black soldier flies segment is slated to register the fastest growth rate during the forecast period.
o Growth in the organic food industry
o Growing awareness about the use of insects to convert waste into organic fertilizer
o Growing production of waste from the restaurant, agriculture, and food & beverage industries
o Non-standardized regulatory framework across the globe
o Lack of awareness & low adoption rate of insect fertilizers
The key players operating in the global insect fertilizers market include 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).
The market in Asia-Pacific is expected to witness significant growth during the forecast period. The high growth of this regional market is attributed to factors such as increased consumer awareness of insect fertilizers as an alternative source to chemical fertilizers, the rise of healthy lifestyles trends due to growing consumers' awareness about health & safety, and the promotion of sustainable farming practices to reduce the hazardous chemical traces in soil & water.
This report provides pre & post COVID-19 market estimates.
1. Introduction
1.1. Market Definition
1.2. Market Ecosystem
1.3. Currency
1.4. 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
3.1. Introduction
3.2. Segment Analysis
3.2.1. Insect Fertilizers Market Analysis, by Insect Type
3.2.2. Insect Fertilizers Market Analysis, by Application
3.3. Insect Fertilizers Market Regional Analysis
3.4. Key Players & Competitive Scenario
4. Market Dynamics
4.1. Introduction
4.2. Drivers
4.2.1. Growth in the Organic Food Industry
4.2.2. Growing Awareness About the use of Insects to Convert Waste into Organic Fertilizer
4.2.3. Growing Waste Production from Restaurants, Agriculture, and Food & Drink Industries
4.3. Restraints
4.3.1. Non-Standardized Regulatory Framework Across the Globe.
4.4. Opportunities
4.4.1. Expansion in Emerging & Developed Companies
4.5. Challenges
4.5.1. Lack of Awareness & Low Adoption Rate of Insect fertilizers
4.6. The Impact of Covid-19 on the Insect Fertilizers Market
5. Regulatory Analysis
6. Global Insect Fertilizers Market, by Insect Type
6.1. Introduction
6.2. Black Soldier Flies
6.3. Mealworms
6.4. Crickets
6.5. Buffalo Worms
6.6. Grasshoppers
6.7. Ants
6.8. Silkworms
6.9. Cicadas
6.10. Other Insects
7. Global Insect Fertilizers Market, by Application
7.1. Introduction
7.2. Cereals & Grains
7.3. Fruits & Vegetables
7.4. Other Applications
8. Insect Fertilizers Market, by Geography
8.1. Introduction
8.2. Asia-Pacific
8.2.1. China
8.2.2. Malaysia
8.2.3. South Korea
8.2.4. Vietnam
8.2.5. Rest of Asia-Pacific (RoAPAC)
8.3. Europe
8.3.1. Netherlands
8.3.2. Belgium
8.3.3. France
8.3.4. Denmark
8.3.5. Finland
8.3.6. Germany
8.3.7. 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. Key Strategic Development Analysis
9.3. Competitive Benchmarking of Key Players
9.3.1. By Product Offerings
9.3.2. BY Geographic Reach
10. Company Profiles (Business Overview, Financial Overview, Product Portfolio, Strategic Developments)
10.1. Ÿnsect (SAS)
10.2. Protix B.V.
10.3. Enterra Feed Corporation
10.4. InnovaFeed
10.5. EnviroFlight, LLC
10.6. Nutrition Technologies Group
10.7. Entomo Farms
10.8. Bioflytech
10.9. Hexafly
10.10. Protenga Pte Ltd.
11. Appendix
11.1. Questionnaire
11.2. Available Customization
List of Tables
Table 1 Global Insect Fertilizers Market Size, by Insect Type, 2020–2029 (USD Million)
Table 2 Global Insect Fertilizers Market Size, by Insect Type, 2020–2029 (Tons)
Table 3 Black Soldier Flies Fertilizers Market Size, by Country/Region, 2020–2029 (USD Million)
Table 4 Black Soldier Flies Fertilizers Market Size, by Country/Region, 2020–2029 (Tons)
Table 5 Mealworms Fertilizers Market Size, by Country/Region, 2020–2029 (USD Million)
Table 6 Mealworms Fertilizers Market Size, by Country/Region, 2020–2029 (Tons)
Table 7 Crickets Fertilizers Market Size, by Country/Region, 2020–2029 (USD Million)
Table 8 Crickets Fertilizers Market Size, by Country/Region, 2020–2029 (Tons)
Table 9 Buffalo Worms Fertilizers Market Size, by Country/Region, 2020–2029 (USD Million)
Table 10 Buffalo Worms Fertilizers Market Size, by Country/Region, 2020–2029 (Tons)
Table 11 Grasshoppers Fertilizers Market Size, by Country/Region, 2020–2029 (USD Million)
Table 12 Grasshoppers Fertilizers Market Size, by Country/Region, 2020–2029 (Tons)
Table 13 Ants Fertilizers Market Size, by Country/Region, 2020–2029 (USD Million)
Table 14 Ants Fertilizers Market Size, by Country/Region, 2020–2029 (Tons)
Table 15 Silkworms Fertilizers Market Size, by Country/Region, 2020–2029 (USD Million)
Table 16 Silkworms Fertilizers Market Size, by Country/Region, 2020–2029 (Tons)
Table 17 Cicadas Fertilizers Market Size, by Country/Region, 2020–2029 (USD Million)
Table 18 Cicadas Fertilizers Market Size, by Country/Region, 2020–2029 (Tons)
Table 19 Other Insects Fertilizers Market Size, by Country/Region, 2020–2029 (USD Million)
Table 20 Other Insects Fertilizers Market Size, by Country/Region, 2020–2029 (Tons)
Table 21 Global Insect Fertilizers Market Size, by Application, 2020–2029 (USD Million)
Table 22 Insect Fertilizers Market for Cereals & Grains, by Country/Region, 2020–2029 (USD Million)
Table 23 Insect Fertilizers Market for Fruits & Vegetables, by Country/Region, 2020–2029 (USD Million)
Table 24 Insect Fertilizers Market for Other Applications, by Country/Region, 2020–2029 (USD Million)
Table 25 Asia-Pacific: Insect Fertilizers Market Size, by Country, 2020–2029 (USD Million)
Table 26 Asia-Pacific: Insect Fertilizers Market Size, by Country, 2020–2029 (Tons)
Table 27 Asia-Pacific: Insect Fertilizers Market Size, by Insect Type, 2020–2029 (USD Million)
Table 28 Asia-Pacific: Insect Fertilizers Market Size, by Insect Type, 2020–2029 (Tons)
Table 29 Asia-Pacific: Insect Fertilizers Market Size, by Application, 2020–2029 (USD Million)
Table 30 China: Insect Fertilizers Market Size, by Insect Type, 2020–2029 (USD Million)
Table 31 China: Insect Fertilizers Market Size, by Insect Type, 2020–2029 (Tons)
Table 32 China: Insect Fertilizers Market Size, by Application, 2020–2029 (USD Million)
Table 33 Malaysia: Insect Fertilizers Market Size, by Insect Type, 2020–2029 (USD Million)
Table 34 Malaysia: Insect Fertilizers Market Size, by Insect Type, 2020–2029 (Tons)
Table 35 Malaysia: Insect Fertilizers Market Size, by Application, 2020–2029 (USD Million)
Table 36 South Korea: Insect Fertilizers Market Size, by Insect Type, 2020–2029 (USD Million)
Table 37 South Korea: Insect Fertilizers Market Size, by Insect Type, 2020–2029 (Tons)
Table 38 South Korea: Insect Fertilizers Market Size, by Application, 2020–2029 (USD Million)
Table 39 Vietnam: Insect Fertilizers Market Size, by Insect Type, 2020–2029 (USD Million)
Table 40 Vietnam: Insect Fertilizers Market Size, by Insect Type, 2020–2029 (Tons)
Table 41 Vietnam: Insect Fertilizers Market Size, by Application, 2020–2029 (USD Million)
Table 42 Rest of Asia-Pacific: Insect Fertilizers Market Size, by Insect Type, 2020–2029 (USD Million)
Table 43 Rest of Asia-Pacific: Insect Fertilizers Market Size, by Insect Type, 2020–2029 (Tons)
Table 44 Rest of Asia-Pacific: Insect Fertilizers Market Size, by Application, 2020–2029 (USD Million)
Table 45 Europe: Insect Fertilizers Market Size, by Country, 2020–2029 (USD Million)
Table 46 Europe: Insect Fertilizers Market Size, by Country, 2020–2029 (Tons)
Table 47 Europe: Insect Fertilizers Market Size, by Insect Type, 2020–2029 (USD Million)
Table 48 Europe: Insect Fertilizers Market Size, by Insect Type, 2020–2029 (Tons)
Table 49 Europe: Insect Fertilizers Market Size, by Application, 2020–2029 (USD Million)
Table 50 The Netherlands: Insect Fertilizers Market Size, by Insect Type, 2020–2029 (USD Million)
Table 51 The Netherlands: Insect Fertilizers Market Size, by Insect Type, 2020–2029 (Tons)
Table 52 The Netherlands: Insect Fertilizers Market Size, by Application, 2020–2029 (USD Million)
Table 53 Belgium: Insect Fertilizers Market Size, by Insect Type, 2020–2029 (USD Million)
Table 54 Belgium: Insect Fertilizers Market Size, by Insect Type, 2020–2029 (Tons)
Table 55 Belgium: Insect Fertilizers Market Size, by Application, 2020–2029 (USD Million)
Table 56 France: Insect Fertilizers Market Size, by Insect Type, 2020–2029 (USD Million)
Table 57 France: Insect Fertilizers Market Size, by Insect Type, 2020–2029 (Tons)
Table 58 France: Insect Fertilizers Market Size, by Application, 2020–2029 (USD Million)
Table 59 Denmark: Insect Fertilizers Market Size, by Insect Type, 2020–2029 (USD Million)
Table 60 Denmark: Insect Fertilizers Market Size, by Insect Type, 2020–2029 (Tons)
Table 61 Denmark: Insect Fertilizers Market Size, by Application, 2020–2029 (USD Million)
Table 62 Finland: Insect Fertilizers Market Size, by Insect Type, 2020–2029 (USD Million)
Table 63 Finland: Insect Fertilizers Market Size, by Insect Type, 2020–2029 (Tons)
Table 64 Finland: Insect Fertilizers Market Size, by Application, 2020–2029 (USD Million)
Table 65 Germany: Insect Fertilizers Market Size, by Insect Type, 2020–2029 (USD Million)
Table 66 Germany: Insect Fertilizers Market Size, by Insect Type, 2020–2029 (Tons)
Table 67 Germany: Insect Fertilizers Market Size, by Application, 2020–2029 (USD Million)
Table 68 Rest of Europe: Insect Fertilizers Market Size, by Insect Type, 2020–2029 (USD Million)
Table 69 Rest of Europe: Insect Fertilizers Market Size, by Insect Type, 2020–2029 (Tons)
Table 70 Rest of Europe: Insect Fertilizers Market Size, by Application, 2020–2029 (USD Million)
Table 71 North America: Insect Fertilizers Market Size, by Country, 2020–2029 (USD Million)
Table 72 North America: Insect Fertilizers Market Size, by Country, 2020–2029 (Tons)
Table 73 North America: Insect Fertilizers Market Size, by Insect Type, 2020–2029 (USD Million)
Table 74 North America: Insect Fertilizers Market Size, by Insect Type, 2020–2029 (Tons)
Table 75 North America: Insect Fertilizers Market Size, by Application, 2020–2029 (USD Million)
Table 76 U.S.: Insect Fertilizers Market Size, by Insect Type, 2020–2029 (USD Million)
Table 77 U.S.: Insect Fertilizers Market Size, by Insect Type, 2020–2029 (Tons)
Table 78 U.S.: Insect Fertilizers Market Size, by Application, 2020–2029 (USD Million)
Table 79 Canada: Insect Fertilizers Market Size, by Insect Type, 2020–2029 (USD Million)
Table 80 Canada: Insect Fertilizers Market Size, by Insect Type, 2020–2029 (Tons)
Table 81 Canada: Insect Fertilizers Market Size, by Application, 2020–2029 (USD Million)
Table 82 Latin America: Insect Fertilizers Market Size, by Insect Type, 2020–2029 (USD Million)
Table 83 Latin America: Insect Fertilizers Market Size, by Insect Type, 2020–2029 (Tons)
Table 84 Latin America: Insect Fertilizers Market Size, by Application, 2020–2029 (USD Million)
Table 85 Middle East & Africa: Insect Fertilizers Market Size, by Insect Type, 2020–2029 (USD Million)
Table 86 Middle East & Africa: Insect Fertilizers Market Size, by Insect Type, 2020–2029 (Tons)
Table 87 Middle East & Africa: Insect Fertilizers Market Size, by Application, 2020–2029 (USD Million)
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 The Black Soldier Flies Segment to Dominate the Global Insect Fertilizers Market in 2022
Figure 9 The Cereals & Grains Segment to Dominate the Global Insect Fertilizers Market in 2022
Figure 10 Asia-Pacific: A Lucrative and Growing Market for Global Stakeholders
Figure 11 Market Dynamics
Figure 12 Global Insect Fertilizers Market Size, by Insect Type, 2022 Vs. 2030 (USD Million)
Figure 13 Global Insect Fertilizers Market Size, by Insect Type, 2022 Vs. 2030 (Tons)
Figure 14 Global Insect Fertilizers Market Size, by Application, 2022 Vs. 2030 (USD Million)
Figure 15 Insect Fertilizers Market Size, by Region, 2022–2030 (USD Million)
Figure 16 Key Growth Strategies Adopted by Leading Players, 2018-2022
Figure 17 Global Insect Fertilizers Market: Competitive Benchmarking
This report provides pre & post COVID-19 market estimates.
This report provides pre & post COVID-19 market estimates.
Published Date: Aug-2022
Published Date: Apr-2022
