Insect Feed Market Outlook 2023, Opportunities and Forecast Research Report 2032

The latest report on the Insect Feed Market is 200 pages long and includes a number of tables and figures. This report covers the period from 2023 to 2032 and offers valuable insights into the market landscape.

Report Ocean has recently released a survey report focusing on the worldwide Insect Feed Market. The study provides significant insights into growth strategies, prospects for business expansion, emerging trends and innovations, as well as the competitive landscape for the year 2023. Furthermore, the report includes a regional analysis encompassing North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa.

Global Insect Feed Market is valued at approximately USD $$ billion in 2021 and is anticipated to grow with a healthy growth rate of more than 11.7% over the forecast period 2022-2029.

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Insect Feeds are meals for animals which are enriched with high protein and nutrients. The Insect Feed market is expanding because of factors such as rising demand for farmed fish and fish oil as well as increase in production capacity. This market is dominated by Alltech Coppens, Protix, Ynsect, Enviroflight and Loopworm.

Fish Farmers have become more efficient by breeding fishes that are omnivorous such as tilapia and using feeds containing soybeans and other grains. Today, salmon diets typically consist of less than 10% fishmeal. About 80% less forage fish is used per pound of production than it was 15 years ago. It could be much lower, says Rick Burroughs, who has been developing fish food for the past 30 years at the U.S. Department of Agriculture’s Bozeman, Montana lab. “Fish don’t need fishmeal,” says Burroughs. “They need nourishment” for which insect feed is very helpful. With the increasing demand of seafood has already caused overfishing of many marine fish stocks and almost half of all seafood now comes from aquaculture. Most of the growth is happening in Asia where it has 90% of the farms. China, the world leader, imports additional fish to make fish oil, fish feed and other products. Furthermore, the advancement in technology is expected to increase the opportunity in the forecated years. However, the stringent rules and regulations for new insect feed stifle market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Insect Feed Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the dominance of branded products. In June 2021, Chile’s venture capital firm KeyyakVenture invested $4.5 million in an insect food startup named Food for the Future (F4F). As a result, the increased investment by these VC firms demonstrates their belief in expanding this market. Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising target populations, an increase in the number of collaborations for development, geographic expansion of key players, and active participation of government and nonprofit organizations in the market space.

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Major market players included in this report are:

Loopworm Private Limited

Alltech Coppens B.V.


InnovaFeed SAS



Hipromine S.A.


EnviroFlight LLC


Recent Developments in the Market:

In 2022, insect breeder Protix, which produces protein for fish, livestock, and pet feed, has raised €50 million for further international expansion and groundbreaking research and development.
In February 2021, Innovafeed, together with Auchan, expanded its insect-fed pet food line by introducing insect-fed pork fed with insect oil to reduce its carbon footprint while focusing on sustainability.
In May 2022, Hipromine declared a partnership with WEDA Dammann & Westerkamp GmbH, a provider of feeding technology solutions. As part of this effort, Weda supplies his HiProMine with insects, including Black Soldier Fly (BSFL), to support the development of the company’s pet and animal food products.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

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The detailed segments and sub-segment of the market are explained below:

By Animal Type:




Other Animal Types

By Region:

North America










Asia Pacific





South Korea


Latin America




Rest of the World

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Our sample report encompasses the following elements:

  • Introduction, Overview, and In-depth Industry Analysis: A comprehensive analysis of the industry, providing an updated report introduction along with an in-depth examination of key aspects.
  • Research Report of 200+ Pages: The report consists of more than 100 pages, incorporating the latest research findings and insights.
  • Chapter-wise Guidance: We offer chapter-wise guidance upon request, allowing you to navigate the report and delve into specific areas of interest.
  • Updated Regional Analysis with Graphical Representation: Our report includes an updated regional analysis, presented in a graphical format to illustrate the size, share, and emerging trends within each region.
  • List of Tables and Figures: It features an updated list of tables and figures that support the information presented in the report.
  • Top Market Players: The report includes a comprehensive analysis of the leading market players, highlighting their business strategies, sales volume, and revenue analysis.
  • Facts and Factors Research Methodology: Our research methodology is based on a rigorous approach, ensuring the accuracy and reliability of the information presented in the report.

Here are the key questions addressed in the report:

  • What is the potential for growth in the Insect Feed market?
  • Which product segment is expected to dominate the market?
  • Which regional market is likely to emerge as a frontrunner in the future?
  • Which application segment is poised for strong growth?
  • What are the potential growth opportunities that may arise in the Insect Feed industry?
  • What are the major challenges that the Insect Feed market may face in the future?
  • Who are the leading companies in the Insect Feed market?
  • What are the key trends positively impacting the market’s growth?
  • What growth strategies are being considered by the market players to maintain their position in the Insect Feed market?

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