Black Soldier Fly Market
Black Soldier Fly Market Forecasts to 2030 - Global Analysis By Product Type (Biofertilizers, Protein Meal, Whole Dried Larvae, Larvae Oil and Other Product Types), Application and By Geography
According to Stratistics MRC, the Global Black Soldier Fly Market is accounted for $0.3 billion in 2023 and is expected to reach $2.0 billion by 2030 growing at a CAGR of 32.5% during the forecast period. The Black Soldier Fly (BSF), Hermetia illucens, is a beneficial insect known for its ecological importance. With a lifespan of 5 to 8 days, its primary role lies in waste management. BSF larvae consume organic waste, converting it into nutrient-rich biomass, making them efficient in reducing landfill mass and controlling waste pollution. Their ability to thrive on various organic materials, including kitchen scraps and agricultural by-products, offers a sustainable solution for waste management.
According to U.N., the worldwide livestock industry is responsible for 14.5% of global greenhouse emissions. The production of insects is known to be around 20 times more efficient as a protein source as it produces 80 times less methane.
Market Dynamics:
Driver:
Growing awareness of the environmental impact
The growing awareness of environmental issues can attract investment into companies and start-ups involved in insect farming and related technologies. Investors are increasingly looking for opportunities that offer both financial returns and positive environmental impact, and the black soldier fly market fits well into this narrative. This influx of capital can drive innovation, research, and expansion within the industry, leading to advancements in production efficiency and product development.
Restraint:
Initial investment in infrastructure, breeding stock, and expertise
Breeding Black Soldier Flies requires expertise and time. These insects have specific environmental requirements for mating and egg laying, and it can take several weeks for larvae to mature before they can be harvested. This long breeding cycle means that it may take some time before a new black soldier fly farm becomes operational and begins generating revenue, increasing the financial risk for investors and entrepreneurs.
Opportunity:
Rising demand for protein
The rising demand for protein, coupled with growing interest in sustainable agriculture and food production, is attracting investment and driving innovation in the black soldier fly market. Companies are investing in research and development to improve breeding techniques, optimize production processes, and develop new applications for black soldier fly-derived products. This influx of capital and innovation is expected to further accelerate the growth of the black soldier fly market in response to rising protein demand.
Threat:
Limited research on long-term effects
Limited research on the health and safety aspects of black soldier fly farming and products may pose risks to workers and consumers. For example, there may be concerns about potential allergens, contaminants, or pathogens associated with black soldier fly larvae or their waste products. Without thorough research and risk assessments, these health and safety risks may not be adequately addressed, leading to potential liabilities for companies operating in the black soldier fly market.
Covid-19 Impact
While interest in sustainable waste management solutions remained, logistical challenges hindered the expansion of black soldier fly projects. Reduced access to organic waste streams, such as food scraps from commercial establishments, slowed black soldier fly larvae production. Additionally, financial constraints and shifting priorities diverted attention from sustainability initiatives. Despite these setbacks, the pandemic underscored the importance of resilient and adaptable systems, potentially driving innovation in black soldier fly farming methods and reinforcing the need for sustainable waste management practices in a post-pandemic world.
The protein meal segment is expected to be the largest during the forecast period
The protein meal segment is estimated to have a lucrative growth, due to its effectiveness in providing beneficial feed to animals from waste. Since its larvae are a high source of fat (7–39% dry matter—DM) and protein (37–63% DM) with a better amino acid profile than soybean meal, the black soldier fly has been frequently employed as an element in animal diets. Furthermore, it is a cost-effective option compared to fish meals and soy, driving its demand for animal feed in the coming years.
The animal feed segment is expected to have the highest CAGR during the forecast period
The animal feed segment is anticipated to witness the highest CAGR growth during the forecast period, due to their nutritional profile and waste-reduction abilities. The Down to Earth report claims that raising poultry is expensive, with feed accounting for up to 70% of total costs. Due to their low cost, minimal impact on the environment, and natural traits, black soldier fly larvae are a possible feed option for poultry farmers. These larvae are capable of efficiently converting organic waste into priceless vitamins and minerals that can improve the nutrition of poultry.
Region with largest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to the growing waste in the countries is leading to landfills, where it rots and decomposes, creating methane, a greenhouse gas 23 times more potent than carbon dioxide. This is driving the demand for black soldier fly, as it can convert waste into organic manure and animal feed. A start-up company in India took the initiative to use the waste generated in Dimapur, Nagaland. As companies come forward to produce black soldier flies, the supply in the market will increase, leading to stability in prices.
Region with highest CAGR:
Europe is projected to have the highest CAGR over the forecast period, owing to rising consumer interest in sustainable proteins. According to the survey conducted by the Good Food Institute and Opinion Way in 2022, most consumers expressed concern about the environmental effects of traditional animal agriculture, with 60 percent saying alternatives are required in France, Germany, Italy, and Spain, and 71 percent in Italy. This will create new growth opportunities for the black soldier fly market as it is an environmentally sustainable option due to its ability to convert waste into nutritional content for animal feed.
Key players in the market
Some of the key players in the Black Soldier Fly Market include Andermatt Biocontrol AG, ARBICO Organics, Bayer AG, Beneficial Insectary, Inc, BioBee Sde Eliyahu, Biobest, Bioline AgroSciences Ltd, Bionema, Bio-nomics Ltd., Corteva, Dudutech, Fargro ltd, Koppert Biological Systems, STK bio-ag technologies, Tip Top Bio-Control, Vegalab SA, AgriProtein, Bioflytech, Entobel Holding and InnovaFeed
Key Developments:
In April 2024, Bayer signs supply contract for electricity from renewable energy sources with Wuppertaler Stadtwerke. The contract underlines Bayer's global commitment to sustainability.
In January 2024, Andermatt launched RhizoVital C5 for seed business in Poland. This collaboration has resulted in the launch of seed treated with RhizoVital C5 under the Polish brand Rhizo Seeds.
In January 2024, BioBee Sde Eliyahu partner with BloomX. BloomX enhances the grower’s ability to deal with these challenges, helping them increase crop yields and fruit quality while granting them control over the pollination process.
Product Types Covered:
• Biofertilizers
• Protein Meal
• Whole Dried Larvae
• Larvae Oil
• Other Product Types
Applications Covered:
• Animal Feed
• Organic Waste Management
• Biomedical Applications
• Industrial Applications
• Agriculture
• Pet Food
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Black Soldier Fly Market, By Product Type
5.1 Introduction
5.2 Biofertilizers
5.3 Protein Meal
5.4 Whole Dried Larvae
5.5 Larvae Oil
5.6 Other Product Types
6 Global Black Soldier Fly Market, By Application
6.1 Introduction
6.2 Animal Feed
6.3 Organic Waste Management
6.4 Biomedical Applications
6.5 Industrial Applications
6.6 Agriculture
6.7 Pet Food
6.8 Other Applications
7 Global Black Soldier Fly Market, By Geography
7.1 Introduction
7.2 North America
7.2.1 US
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 UK
7.3.3 Italy
7.3.4 France
7.3.5 Spain
7.3.6 Rest of Europe
7.4 Asia Pacific
7.4.1 Japan
7.4.2 China
7.4.3 India
7.4.4 Australia
7.4.5 New Zealand
7.4.6 South Korea
7.4.7 Rest of Asia Pacific
7.5 South America
7.5.1 Argentina
7.5.2 Brazil
7.5.3 Chile
7.5.4 Rest of South America
7.6 Middle East & Africa
7.6.1 Saudi Arabia
7.6.2 UAE
7.6.3 Qatar
7.6.4 South Africa
7.6.5 Rest of Middle East & Africa
8 Key Developments
8.1 Agreements, Partnerships, Collaborations and Joint Ventures
8.2 Acquisitions & Mergers
8.3 New Product Launch
8.4 Expansions
8.5 Other Key Strategies
9 Company Profiling
9.1 Andermatt Biocontrol AG
9.2 ARBICO Organics
9.3 Bayer AG
9.4 Beneficial Insectary, Inc
9.5 BioBee Sde Eliyahu
9.6 Biobest
9.7 Bioline AgroSciences Ltd
9.8 Bionema
9.9 Bio-nomics Ltd.
9.10 Corteva
9.11 Dudutech
9.12 Fargro ltd
9.13 Koppert Biological Systems
9.14 STK bio-ag technologies
9.15 Tip Top Bio-Control
9.16 Vegalab SA
9.17 AgriProtein
9.18 Bioflytech
9.19 Entobel Holding
9.20 InnovaFeed
List of Tables
1 Global Black Soldier Fly Market Outlook, By Region (2021-2030) ($MN)
2 Global Black Soldier Fly Market Outlook, By Product Type (2021-2030) ($MN)
3 Global Black Soldier Fly Market Outlook, By Biofertilizers (2021-2030) ($MN)
4 Global Black Soldier Fly Market Outlook, By Protein Meal (2021-2030) ($MN)
5 Global Black Soldier Fly Market Outlook, By Whole Dried Larvae (2021-2030) ($MN)
6 Global Black Soldier Fly Market Outlook, By Larvae Oil (2021-2030) ($MN)
7 Global Black Soldier Fly Market Outlook, By Other Product Types (2021-2030) ($MN)
8 Global Black Soldier Fly Market Outlook, By Application (2021-2030) ($MN)
9 Global Black Soldier Fly Market Outlook, By Animal Feed (2021-2030) ($MN)
10 Global Black Soldier Fly Market Outlook, By Organic Waste Management (2021-2030) ($MN)
11 Global Black Soldier Fly Market Outlook, By Biomedical Applications (2021-2030) ($MN)
12 Global Black Soldier Fly Market Outlook, By Industrial Applications (2021-2030) ($MN)
13 Global Black Soldier Fly Market Outlook, By Agriculture (2021-2030) ($MN)
14 Global Black Soldier Fly Market Outlook, By Pet Food (2021-2030) ($MN)
15 Global Black Soldier Fly Market Outlook, By Other Applications (2021-2030) ($MN)
16 North America Black Soldier Fly Market Outlook, By Region (2021-2030) ($MN)
17 North America Black Soldier Fly Market Outlook, By Product Type (2021-2030) ($MN)
18 North America Black Soldier Fly Market Outlook, By Biofertilizers (2021-2030) ($MN)
19 North America Black Soldier Fly Market Outlook, By Protein Meal (2021-2030) ($MN)
20 North America Black Soldier Fly Market Outlook, By Whole Dried Larvae (2021-2030) ($MN)
21 North America Black Soldier Fly Market Outlook, By Larvae Oil (2021-2030) ($MN)
22 North America Black Soldier Fly Market Outlook, By Other Product Types (2021-2030) ($MN)
23 North America Black Soldier Fly Market Outlook, By Application (2021-2030) ($MN)
24 North America Black Soldier Fly Market Outlook, By Animal Feed (2021-2030) ($MN)
25 North America Black Soldier Fly Market Outlook, By Organic Waste Management (2021-2030) ($MN)
26 North America Black Soldier Fly Market Outlook, By Biomedical Applications (2021-2030) ($MN)
27 North America Black Soldier Fly Market Outlook, By Industrial Applications (2021-2030) ($MN)
28 North America Black Soldier Fly Market Outlook, By Agriculture (2021-2030) ($MN)
29 North America Black Soldier Fly Market Outlook, By Pet Food (2021-2030) ($MN)
30 North America Black Soldier Fly Market Outlook, By Other Applications (2021-2030) ($MN)
31 Europe Black Soldier Fly Market Outlook, By Region (2021-2030) ($MN)
32 Europe Black Soldier Fly Market Outlook, By Product Type (2021-2030) ($MN)
33 Europe Black Soldier Fly Market Outlook, By Biofertilizers (2021-2030) ($MN)
34 Europe Black Soldier Fly Market Outlook, By Protein Meal (2021-2030) ($MN)
35 Europe Black Soldier Fly Market Outlook, By Whole Dried Larvae (2021-2030) ($MN)
36 Europe Black Soldier Fly Market Outlook, By Larvae Oil (2021-2030) ($MN)
37 Europe Black Soldier Fly Market Outlook, By Other Product Types (2021-2030) ($MN)
38 Europe Black Soldier Fly Market Outlook, By Application (2021-2030) ($MN)
39 Europe Black Soldier Fly Market Outlook, By Animal Feed (2021-2030) ($MN)
40 Europe Black Soldier Fly Market Outlook, By Organic Waste Management (2021-2030) ($MN)
41 Europe Black Soldier Fly Market Outlook, By Biomedical Applications (2021-2030) ($MN)
42 Europe Black Soldier Fly Market Outlook, By Industrial Applications (2021-2030) ($MN)
43 Europe Black Soldier Fly Market Outlook, By Agriculture (2021-2030) ($MN)
44 Europe Black Soldier Fly Market Outlook, By Pet Food (2021-2030) ($MN)
45 Europe Black Soldier Fly Market Outlook, By Other Applications (2021-2030) ($MN)
46 Asia Pacific Black Soldier Fly Market Outlook, By Region (2021-2030) ($MN)
47 Asia Pacific Black Soldier Fly Market Outlook, By Product Type (2021-2030) ($MN)
48 Asia Pacific Black Soldier Fly Market Outlook, By Biofertilizers (2021-2030) ($MN)
49 Asia Pacific Black Soldier Fly Market Outlook, By Protein Meal (2021-2030) ($MN)
50 Asia Pacific Black Soldier Fly Market Outlook, By Whole Dried Larvae (2021-2030) ($MN)
51 Asia Pacific Black Soldier Fly Market Outlook, By Larvae Oil (2021-2030) ($MN)
52 Asia Pacific Black Soldier Fly Market Outlook, By Other Product Types (2021-2030) ($MN)
53 Asia Pacific Black Soldier Fly Market Outlook, By Application (2021-2030) ($MN)
54 Asia Pacific Black Soldier Fly Market Outlook, By Animal Feed (2021-2030) ($MN)
55 Asia Pacific Black Soldier Fly Market Outlook, By Organic Waste Management (2021-2030) ($MN)
56 Asia Pacific Black Soldier Fly Market Outlook, By Biomedical Applications (2021-2030) ($MN)
57 Asia Pacific Black Soldier Fly Market Outlook, By Industrial Applications (2021-2030) ($MN)
58 Asia Pacific Black Soldier Fly Market Outlook, By Agriculture (2021-2030) ($MN)
59 Asia Pacific Black Soldier Fly Market Outlook, By Pet Food (2021-2030) ($MN)
60 Asia Pacific Black Soldier Fly Market Outlook, By Other Applications (2021-2030) ($MN)
61 South America Black Soldier Fly Market Outlook, By Region (2021-2030) ($MN)
62 South America Black Soldier Fly Market Outlook, By Product Type (2021-2030) ($MN)
63 South America Black Soldier Fly Market Outlook, By Biofertilizers (2021-2030) ($MN)
64 South America Black Soldier Fly Market Outlook, By Protein Meal (2021-2030) ($MN)
65 South America Black Soldier Fly Market Outlook, By Whole Dried Larvae (2021-2030) ($MN)
66 South America Black Soldier Fly Market Outlook, By Larvae Oil (2021-2030) ($MN)
67 South America Black Soldier Fly Market Outlook, By Other Product Types (2021-2030) ($MN)
68 South America Black Soldier Fly Market Outlook, By Application (2021-2030) ($MN)
69 South America Black Soldier Fly Market Outlook, By Animal Feed (2021-2030) ($MN)
70 South America Black Soldier Fly Market Outlook, By Organic Waste Management (2021-2030) ($MN)
71 South America Black Soldier Fly Market Outlook, By Biomedical Applications (2021-2030) ($MN)
72 South America Black Soldier Fly Market Outlook, By Industrial Applications (2021-2030) ($MN)
73 South America Black Soldier Fly Market Outlook, By Agriculture (2021-2030) ($MN)
74 South America Black Soldier Fly Market Outlook, By Pet Food (2021-2030) ($MN)
75 South America Black Soldier Fly Market Outlook, By Other Applications (2021-2030) ($MN)
76 Middle East & Africa Black Soldier Fly Market Outlook, By Region (2021-2030) ($MN)
77 Middle East & Africa Black Soldier Fly Market Outlook, By Product Type (2021-2030) ($MN)
78 Middle East & Africa Black Soldier Fly Market Outlook, By Biofertilizers (2021-2030) ($MN)
79 Middle East & Africa Black Soldier Fly Market Outlook, By Protein Meal (2021-2030) ($MN)
80 Middle East & Africa Black Soldier Fly Market Outlook, By Whole Dried Larvae (2021-2030) ($MN)
81 Middle East & Africa Black Soldier Fly Market Outlook, By Larvae Oil (2021-2030) ($MN)
82 Middle East & Africa Black Soldier Fly Market Outlook, By Other Product Types (2021-2030) ($MN)
83 Middle East & Africa Black Soldier Fly Market Outlook, By Application (2021-2030) ($MN)
84 Middle East & Africa Black Soldier Fly Market Outlook, By Animal Feed (2021-2030) ($MN)
85 Middle East & Africa Black Soldier Fly Market Outlook, By Organic Waste Management (2021-2030) ($MN)
86 Middle East & Africa Black Soldier Fly Market Outlook, By Biomedical Applications (2021-2030) ($MN)
87 Middle East & Africa Black Soldier Fly Market Outlook, By Industrial Applications (2021-2030) ($MN)
88 Middle East & Africa Black Soldier Fly Market Outlook, By Agriculture (2021-2030) ($MN)
89 Middle East & Africa Black Soldier Fly Market Outlook, By Pet Food (2021-2030) ($MN)
90 Middle East & Africa Black Soldier Fly Market Outlook, By Other Applications (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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