100 likes | 106 Views
Insect Feed Market to Surge at 10.0% CAGR, Decelerated Demand Likely as Operations Come to a Halt due to COVID-19 outbreak, says FMI<br>
E N D
Insect Feed Market to Surpass US$ 2,204.7 Mn by 2030| FMI Report June 2020 Report Id : REP-GB-11604 Published On : May 18,2020 Category : Food and Beverages www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights © 2019 Future Market Insights, All Rights Reserved www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights
About Future Market Insights Future Market Insights (FMI) is a premier provider of syndicated research reports, custom research reports, and consulting services. We deliver a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights,aerial view of the competitive framework, and future market trends. We provide research services at a global as well as regional level; key regions include GCC, ASEAN, and BRIC. Our offerings cover a broad spectrum of industries including Chemicals, Materials, Energy, Technology,Healthcare, and Retail. We have a global presence with delivery centers across India specializing in providing global research reports and country research reports. FMI is headquartered out of London, U.K., with a state-of-the-art delivery center located in Pune, India. We combine our knowledge and learning from every corner of the world to distill it to one thing – the perfect solutionfor our client. Research Capabilities Sector Coverage Customized Research Syndicated Research Investment Research Social Media Research Automotive and Transportation Electronics, Semiconductor, and ICT Retail and Consumer Products Industrial Automation and Equipment Chemicals & Materials Food and Beverages Services and Utilities Energy, Mining, Oil, and Gas Customized Research Subscription Information Syndicated Research For detailed subscription information please contact Hari. T (Sr. Manager - Global Business Development) Investment Research T: +44 (0) 20 7692 8790 | D: +44 20 3287 4268 Social Media Research Email: hari.t@futuremarketinsights.com www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 2 © 2019 Future Market Insights, All Rights Reserved
Research Methodology (1/2) Systematic Research Approach 1 In-depth secondary research is used to ascertain overall market size, top industry players, top products, industry associations, etc. Research & Intelligence Data Collection Data Filter & Analysis Actionable Insights Business Solution Market profiling 2 FMI formulates a detailed discussion guide to conduct expert and industry interviews Identifying key opinion leaders Questionnaire design In-depth interviews Coverage across value chain Formulating discussion guide 3 A FMI develops a list of industry players (manufacturers), distributors, retailers and industry experts Primary Research Key industry experts Channel study Developments Market dynamics Products Conclusions Developing list of respondents B 4 FMI conducts interviews with industry experts, industry players, distributors and retailers SOLUTION Desk Research Data collection Market participants Key strengths Product portfolio Mapping as per value chain Key focus segments C Company Analysis Data is validated by triangulation method, wherein secondary, primary and FMI analysis contribute to the final data 5 Data validation 6 Data is scrutinized using MS-Excel to obtain qualitative and quantitative insights about the industry Data analysis Primary Research# Secondary Research # Paid Publications# Linkedin Zoominfo Salesforce Avention Company websites Company annual reports White papers Financial reports Factiva GBI Genios Meltwater 7 FMI delivers industry insights and information in the required format (PDF) Insights # includes sources of databases www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 3 © 2019 Future Market Insights, All Rights Reserved
Insect Feed Market Analysis The global insect feed market is slated to record a staggering CAGR over the forecast period, 2020- 2030. Persistent increase in mainstream animal feed prices derived from fish meal and fish oil along with other forms and the larger question of unsustainable fishing practices have prompted market players to invest in more inexpensive and environmentally friendly ingredients to manufacture animal feeds. Insect feeds have recently been poised as containing high protein content, providing more energy compared to plant and fish-based feeds. Moreover, plant-based ingredients such as soy carry their own baggage of sustainability concerns, discouraging its usage. Enhanced feed quality combined with reduction in greenhouse gas emissions during production and superior feed quality are the hallmarks propelling the insect feed market to succeed in the coming years. Insect feeds have made forays into multiple application areas, including pig & poultry nutrition, dairy nutrition and aquaculture. The utilization of organic side streams for insect rearing also reduces the possibilities of environmental damage. As more farmers switch over to insect feeds, the market is anticipated to register a positive growth curve in the years to come. Unfortunately, the ongoing coronavirus pandemic is set to present significant obstacles to the market's growth trajectory, possibly inducing stagnancy in the short-term forecast. www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 4 © 2019 Future Market Insights, All Rights Reserved
Insect Feed Market Analysis "With the COVID-19 paralyzing the world economy, significant disruptions are anticipated in the global insect feed market. Nevertheless, leading manufacturers are striving to maintain operational flexibility to cater to burgeoning demand by farmers and ranchers, keeping the market afloat," says a lead FMI analyst. Global Insect Feed Market- Key Takeaways: The poultry nutrition segment shall be the vanguard, followed by aquaculture in the insect feed market; The European insect feed market shall emerge the kingpin, bolstered by increasing government support to switch over to sustainable alternatives; China will attract sizeable investments across the Asia-Pacific in the swine and poultry meat sectors across the forecast period; The global insect feed market shall reach a valuation of US$ 2204.7 Mn by 2030-end, up from US$ 850 Mn in 2020. • • • • www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 5 © 2019 Future Market Insights, All Rights Reserved
Insect Feed Market Analysis Global Insect Feed Market- Key Driving Factors • Preference for good quality protein in the poultry industry has provided immense traction to the global feed insects market. Insect feeds are also being increasingly used in pet markets and zoos. Increasing shift towards environmental sustainability has been weaning consumers away from traditional proteins derived from soy or meat to be used in animal feeds. Government initiatives to address food security problems are prompting increased production of insect foods and feeds. • • Global Insect Feed Market- Key Restraints • Tough regulations concerning usage of insect feeds in aquaculture feeds is anticipated to hamper market growth. For instance, Europe completely prohibited utilization of insects as livestock feed after the outbreak of the mad cow disease and strictly regulates usage in the present scenario. Hostile cultural perceptions towards insect consumption to deter consumers from choosing insect- based feeds. Insects are primarily considered filthy, unclean and disease carriers. • www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 6 © 2019 Future Market Insights, All Rights Reserved
Insect Feed Market Analysis Anticipated Impact of the COVID-19 Outbreak The insect feed market is set to register sluggishness across the duration of the covid-19 pandemic. With major industrial verticals reorienting their priorities towards the mitigation of COVID-19's impact, supply chain disruptions cannot be ruled out. With the imposition of bans on travel and transport, the logistical arrangements to avail raw materials for the processing industry has been severely affected. Consequently, production has halted, generating massive shortfalls in the demand-supply equation. Social distancing measures have prompted people to remain confined to their houses, resulting in shortage of manpower on the industrial site. Fortunately, leading market players have taken cognizance of this matter and have leveraged their production capacities in order to address possible shortfalls between demand and supply. Click here to Order a free sample www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 7 © 2019 Future Market Insights, All Rights Reserved
Insect Feed Market Analysis Competition Landscape Prominent market players in the global insect feed market include, but are not limited to, Agriprotein, Coppens, Buhler AG, Hexafly, Nextprotein, Enviroflight, Diptera Nutrition and Entofood. Besides concentration on introducing new ingredient-specific products, these companies are focusing equally on improving packaging designs to meet environmental standards. Acquiring competitive advantage by virtue of collaborations is another important market expansion strategy. For instance, in January 2017, Buhler AG collaborated with Protix to develop industrial grade solutions for feed processing, larvae processing and larvae rearing to produce quality insect supplies. www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 8 © 2019 Future Market Insights, All Rights Reserved
Insect Feed Market Analysis More about the Insect Feed Market Report FMI's 300-page market research report offers comprehensive and unbiased insights on the insect feed market. The report incorporates historical as well as forecast data from 2020 to 2030 and is divided into two segments: by product type and by application. By product type, the market is segmented into meal worms, fly larvae, silkworms, cicadas and others. In terms of application, the market is divided into aquaculture, pig nutrition, poultry nutrition, dairy nutrition and others. The market also includes a detailed regional analysis, incorporating the abovementioned segments. These regions include North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East & Africa (MEA). Press Release Source: accesswire.com/593268/Conventional-Protein-feeds-on-the-Backburner- Insect-Feeds-Alternative-Proteins-Gain-Traction--Future-Market-Insights www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 9 © 2019 Future Market Insights, All Rights Reserved
To know more about us, please visit our website: www.futuremarketinsights.com For sales queries or new topics email us on: sales@futuremarketinsights.com For media queries, contact the press office at press@futuremarketinsights.com For other queries contact: Hari. T (Sr. Manager - Global Business Development) Future Market Insights: 3rd Floor, 207 Regent Street, London W1B 3HH T: +44 20 7692 8790 | D: +44 20 3287 4268 Email: hari.t@futuremarketinsights.com Future Market Insights Global & Consulting Private Limited (FMI) Thank You www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 10 © 2019 Future Market Insights, All Rights Reserved