It is assumed that the share of edible insects in the animal feed market will reach $ 267.9 million in monetary terms by the end of 2019, and $ 2,385.6 million by the end of 2029.
This is stated in a new report by Persistance Market Research entitled Edible Insects for Animal Feed: World Market Analysis 2013–2017. and forecast for 2019–2029. ”
Edible insects for feeding animals are an ideal solution and attract the attention of investors.
Currently, a lot of innovation comes from edible insects in the animal feed market. Population growth leads to increased demand for food. To meet the growing demand for food worldwide, meat production has increased. To improve the quality of meat, it is necessary to provide animals with high-quality feed.
The feed industry introduced the market for edible insects for animal feed. Insects contain a large amount of protein, which is important for better livestock growth. Farmers are looking for alternative resources to meet the growing demand for protein.
Edible insects for feeding animals are an ideal solution and attract the attention of investors. Investments in these insects for the animal feed market are growing. In 2018, the largest investments were made by companies producing edible insects for animal feed, for example, the British company AgriProtein, the Dutch Protix, the French company InnovaFeed and Ynsect, which produces flour worm in France, etc.
The Aquafeed industry is actively looking for alternative sources of protein, which stimulates the demand for edible insects as animal feed. Due to its advantages over fishmeal and soybean meal, edible insects for animal feed are in increasing demand over the forecast period.
