Edible Insects for Animal Feed Market: Introduction

The latest research report published by Transparency Market Research on the global market for edible insects for animal feed such as Europe, North America, Latin America, Oceania, East Asia, South Asia, Middle East & Africa industry analysis and growth opportunity assessment for 2021-2031. Europe holds the value share of 36.3% of the edible insects for animal feed market, which is estimated to value US$ 1.3 Bn in 2021, and it is anticipated to grow at a CAGR of 38.3% to reach US$ 22.8 Bn by 2031.

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Manufacturers Incorporating End-use Specific Features

Edible insects for animal feed have a specific application in various end-use industries. The utilization and characteristics of edible insect-based products are specified based on these industries. When it comes to end-use-specific features, the functionality and constituents are the most critical considerations.

Manufacturers produces end-use-specific products with the appropriate functionality for effective results, owing to the variety of insect-based products’ applications in various end-use applications. Thus, the range of eating bug applications increases in other end-use sector, and the demand for end-use-specific edible worms, as well as their products, is expected to increase globally.

Live or dried insect larvae are utilized as nutritious food in chicken farming, while insect-based protein powder is used as an animal feed addition for extra protein requirements.

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Increasing Production Capacity and Investments in Insect-based Animal Feed Products

The initial investment necessary for companies to begin producing insect-based animal feed products is quite natural. As the demand for insect-based protein products grows, manufacturers focuses to raise their manufacturing capacity.

Insect-based animal feed products are proving a profitable business opportunity for investors. Such investments enable manufacturers to expand their production facilities in order to meet the global demand for alternative source of protein in animal diet. The demand for edible insects for animal feed is anticipated to rise as interest grows and manufacturers’ production capacities expand.

AgriProtein invested in a new production facility in California, which has an annual production capacity of 4,000 tons. The Nutrition Technology Group invested in its Malaysia-based production facility with the aim to increase its production capacity. This investment increased the production capacity of the company by 1,000 tons per month.

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