GLOBAL INSECT FARMING MARKET

INTRODUCTION

Insect farming, often known as minilivestock or micro stock, is the technique of growing and developing insects as livestock. Insects may be raised for their own sake or for the products they generate (such as silk, honey, lac, or bug tea), which can then be utilised for food, feed, dye, or other purposes.

Since many insects are only present in nature during specific seasons or months, insect farming in a controlled or indoor environment is an important way to ensure that food is available all year round.

In order to improve food supply and lessen environmental effect, it is especially crucial to expand scale (along with reduced cost) and efficiency of insect and insect-based food production and usage. For those who live in cities, this is extremely important.

The food supply will decline, government aid programs will be more constrained, and the human population will continue to grow, creating a major threat to survival. As a result, this component will become more crucial in the years to come. Both rural and urban areas will see an increase in the proportion of low-income people who are malnourished and go hungry.

GLOBAL INSECT FARMING MARKET SIZE AND FORECAST

The Global insect farming market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2022 to 2030.

NEW PRODUCT LAUNCH

The market for insect farming is anticipated to reach billions, growing . The market for insect farming is anticipated to reach tonnes in volume .

The growing preference for novel protein sources in light of the rising greenhouse gas emissions from the animal industries, the environmental benefits of insect proteins, the rising demand for insect farming in the animal feed industry, and the low risk of zoonotic disease transmission with insect protein consumption are the main factors positively affecting the growth of the insect farming market.

The rising greenhouse gas emissions from the livestock and poultry sectors, the high nutritional value of insects, the advantages of edible insects for the environment, the rising demand for insect protein in the animal feed sector, and the low risk of zoonotic disease transmission with insect consumption are the main factors driving the growth of this market.

MARKET DYNAMIC

In Cashmere, a sustainable protein manufacturer named Beta Hatch unveiled its newest mealworm factory.

In addition to manufacturing space for animal feed proteins and frass byproducts for use in fertiliser, the 50,000 square foot facility has facilities for mealworm hatching and growth.

In addition to offering ample production space, the facility also has a lab with R&D capabilities that will be utilised to investigate additional applications for using insects in the production of medications and vaccines.

RECENT PRODUCT DEVELOPMENT

Insect meal from Next Millennium Farms Similar to cricket flour, but manufactured using finely ground meal worms, flour is made from meal worms that have been fed on a certified organic grain-based diet.

Next Currently, Millennium Farms has North America's broadest selection of edible insect products, with anything from basic cricket flour to upscale spiced meal worm nibbles.

This company, which has a long history of raising insects for the pet trade, has expanded their insect-growing skills into the burgeoning gourmet edible insect sector.

From meal worms raised specifically for human consumption, meal worm flour is made.

In Washington State's Beta Hatch indoor, vertical farm, entire dried mealworms raised in the United States are produced for use by backyard fowl.

For the safest, healthiest treats for backyard hens and wild birds, Beta Hatch uses feed-grade leftovers from Wenatchee Valley farmers.

Up to 80% of the meals of farmed fish might be made up of mealworms, which are the insect of choice to replace fishmeal. Mealworms naturally contain vital nutrients like riboflavin, folacin, and vitamins E and B12 and are more nutrient dense than other farmed insects.

Mealworms offer a complete and customisable amino acid profile, are both highly digestible and extremely appetising, and offer a complete amino acid profile, in contrast to plant-based diets, which can promote inflammation in fish digestive tracts and contain an unbalanced amino acid profile.

RECENT PARTNERSHIP

An agreement for a strategic relationship between the French company InnovaFeed and the US agriculture behemoth ADM will see the two work together to produce insect protein.

In order to produce "high-quality nutritional" goods with "a much smaller carbon footprint and land demand" than traditional animal protein," the Paris-based business would provide its black soldier fly protein to ADM's pet foods division.

COMPANY PROFILE

• Aspire Food Group 
• EntomoFarms 
• Protifarm 
• Jimini’s 
• Chapul Cricket Protein 
• Swarm Nutrition GmbH

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. What is the average cost perGlobal insect farming marketright now and how will it change in the next 5-6 years?
2. Average cost to set up aGlobal insect farming marketin the US, Europe and China?
3. How manyGlobal insect farming marketare manufactured per annum globally? Who are the sub-component suppliers in different regions?
4. What is happening in the overall public, globally?
5. Cost breakup of aGlobal insect farming marketand key vendor selection criteria
6. Where is theGlobal insect farming market manufactured? What is the average margin per equipment?
7. Market share ofGlobal insect farming marketmanufacturers and their upcoming products
8. The most important plannedGlobal insect farming marketin next 2 years
9. Details on network of majorGlobal insect farming marketand pricing plans
10. Cost advantage for OEMs who manufactureGlobal insect farming marketin-house
11. 5 key predictions for next 5 years inGlobal insect farming market
12. Average B-2-BGlobal insect farming marketprice in all segments
13. Latest trends inGlobal insect farming market, by every market segment
14. The market size (both volume and value) ofGlobal insect farming marketin 2022-2030 and every year in between?
15. Global production breakup ofGlobal insect farming market, by suppliers and their OEM relationship