Earthworm Farming Market
Earthworm Farming Market Forecasts to 2030 - Global Analysis By Species (Eisenia Andrei, Eisenia Foetida, Eisenia Hortensis, Eudrilus Eugeniae, Perionyx Excavatus and Other Species), End User (Farming, Fishing Bait, Fowl Feed and Other End Users) and By Geography
According to Stratistics MRC, the Global Earthworm Farming Market is accounted for $174.88 million in 2023 and is expected to reach $491.28 million by 2030 growing at a CAGR of 15.9% during the forecast period. The Earthworm Farming Market refers to the commercial cultivation and production of earthworms for various purposes, predominantly as a means of organic waste management, soil enhancement, and production of vermicompost. Earthworm farming involves the controlled breeding, feeding, and management of earthworm populations within specialized facilities or outdoor setups. Furthermore, earthworm castings, or vermicompost, produced through earthworm farming, serve as a potent organic fertilizer rich in essential nutrients and beneficial microorganisms.
According to India Brand Equity Foundation (IBEF)’s report, in 2018, the estimated food grain production in India was around 285 million tons. According to the National Survey of Fishing, Hunting, and Wildlife-Associated Recreation, in U.S., 39.6 million U.S. residents went for recreational fishing in 2016, which has fueled demand for earthworms in the North America region.
Market Dynamics:
Driver:
Growth in urban agriculture
As more urban areas embrace sustainable practices and local food production, the demand for earthworms as a vital component of vermicomposting and soil enrichment has escalated. Urban agriculture initiatives, including rooftop gardens, community gardens, and vertical farming, rely on earthworms to enhance soil quality and promote nutrient-rich environments for plant growth. Moreover, heightened awareness of environmental sustainability and the benefits of regenerative agriculture practices are driving more consumers and businesses toward earthworm farming solutions, further fueling market expansion.
Restraint:
Cost considerations
Earthworm farming involves various expenses, including initial setup costs such as acquiring suitable land, constructing infrastructure like worm beds, and procuring worms for breeding stock. Ongoing expenses encompass feeding the worms with organic waste, maintaining suitable environmental conditions, and managing potential pest infestations. However, these costs can escalate further with the need for specialized equipment, such as composting machinery or moisture control systems.
Opportunity:
Technological advancements
Automated systems for temperature, moisture, and pH control optimize earthworm habitat conditions, ensuring optimal growth and reproduction rates. IoT (Internet of Things) sensors enable real-time monitoring of environmental parameters, empowering farmers to make data-driven decisions for better management practices. Furthermore, advancements in genetic research facilitate the development of earthworm strains with desirable traits such as rapid growth, increased nutrient conversion, and resistance to diseases.
Threat:
Risk of disease and predation
Earthworms are vulnerable to various diseases and parasites, which can quickly spread within a farming environment, leading to substantial losses in stock. Predation by birds, rodents, and other animals can decimate worm populations, further jeopardizing farm productivity. Controlling disease outbreaks often requires extensive management practices and investments in preventative measures, such as sanitation protocols and biosecurity measures, which can increase operational costs. However, mitigating predation risk may involve implementing protective measures like netting or physical barriers, adding another layer of expense and logistical complexity.
Covid-19 Impact:
Disruptions in global supply chains due to lockdowns and travel restrictions affected the availability of essential inputs for earthworm farming, such as bedding materials and organic waste feedstocks. The closure of restaurants, hotels, and other hospitality businesses, major consumers of vermicompost, resulted in reduced demand for earthworm products. Economic uncertainties and reduced purchasing power among consumers further dampened market demand. However, the pandemic also prompted a heightened interest in sustainable and self-sufficient practices, leading to a potential increase in demand for vermicompost and organic farming solutions in the long term.
The Eisenia Hortensis segment is expected to be the largest during the forecast period
Eisenia Hortensis segment is expected to be the largest during the forecast period due to its superior qualities as a composting and bait worm. With a voracious appetite for organic waste and a high reproduction rate, Eisenia hortensis accelerates the composting process, converting organic matter into nutrient-rich vermicompost. This nutrient-rich compost serves as a valuable soil conditioner, enhancing soil fertility and promoting plant growth. Additionally, Eisenia hortensis's resilience and adaptability make it an ideal choice for vermiculture operations in various climates and environments.
The Fishing Bait segment is expected to have the highest CAGR during the forecast period
Fishing Bait segment is expected to have the highest CAGR during the forecast period due to the high demand for earthworms as bait among anglers and fishing enthusiasts. Earthworms are prized for their effectiveness in attracting fish, making them a crucial component of various fishing techniques. This demand has spurred the growth of earthworm farming operations worldwide. As anglers seek fresher and more plentiful supplies of bait, earthworm farmers are scaling up production to meet these needs.
Region with largest share:
North America region dominated the largest share over the forecast period. Earthworms play a crucial role in vermicomposting, a process that transforms organic waste into nutrient-rich compost. With growing concerns about environmental sustainability and the need to reduce waste, businesses and municipalities are increasingly turning to earthworm farming as a solution. These industrious creatures efficiently break down organic matter, including food scraps, agricultural residues, and paper waste, into valuable compost that can be used to enrich soil and promote plant growth. Moreover, earthworm farming aligns with the principles of circular economy and resource conservation, making it an attractive option for waste management initiatives.
Region with highest CAGR:
Asia Pacific region is poised to witness lucrative growth during the extrapolated period. As consumers, farmers, and policymakers increasingly recognize the pivotal role healthy soil plays in sustainable agriculture and ecosystem balance, the demand for earthworms as natural soil enhancers has soared. Earthworms are pivotal in fostering soil fertility, improving drainage, and promoting nutrient cycling through their burrowing activities and organic matter decomposition. This heightened awareness has led to a growing preference for eco-friendly farming practices, spurring the adoption of earthworms in agricultural operations across the region.
Key players in the market
Some of the key players in Earthworm Farming market include Agrilab Technologies, Davo's Worm Farms, Earthworm Technologies, Kahariam Farms, Michigan SoilWorks, MyNoke, NutriSource Pte Ltd., Organic Sunrise Natural, Urban Worm Company and Worm Power.
Key Developments:
In December 2023, Greenta, an Italy-based startup specializing in the use of natural fertilizers for soil fertility regeneration, was reported to have received high revenue by selling vermicompost.
In July 2016, Agrilab Technologies Inc, (AGT) the leader in compost heat-recovery technology, announced the recent installation of a unique next-generation compost heat recovery system at Vern-Mont Farm in Vernon, Vermont.
Species Covered:
• Eisenia Andrei
• Eisenia Foetida
• Eisenia Hortensis
• Eudrilus Eugeniae
• Perionyx Excavatus
• Other Species
End Users Covered:
• Farming
• Fishing Bait
• Fowl Feed
• Other End Users
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
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 End User Analysis
3.7 Emerging Markets
3.8 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 Earthworm Farming Market, By Species
5.1 Introduction
5.2 Eisenia Andrei
5.3 Eisenia Foetida
5.4 Eisenia Hortensis
5.5 Eudrilus Eugeniae
5.6 Perionyx Excavatus
5.7 Other Species
6 Global Earthworm Farming Market, By End User
6.1 Introduction
6.2 Farming
6.3 Fishing Bait
6.4 Fowl Feed
6.5 Other End Users
7 Global Earthworm Farming 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 Agrilab Technologies
9.2 Davo's Worm Farms
9.3 Earthworm Technologies
9.4 Kahariam Farms
9.5 Michigan SoilWorks
9.6 MyNoke
9.7 NutriSource Pte Ltd.
9.8 Organic Sunrise Natural
9.9 Urban Worm Company
9.10 Worm Power
List of Tables
1 Global Earthworm Farming Market Outlook, By Region (2021-2030) ($MN)
2 Global Earthworm Farming Market Outlook, By Species (2021-2030) ($MN)
3 Global Earthworm Farming Market Outlook, By Eisenia Andrei (2021-2030) ($MN)
4 Global Earthworm Farming Market Outlook, By Eisenia Foetida (2021-2030) ($MN)
5 Global Earthworm Farming Market Outlook, By Eisenia Hortensis (2021-2030) ($MN)
6 Global Earthworm Farming Market Outlook, By Eudrilus Eugeniae (2021-2030) ($MN)
7 Global Earthworm Farming Market Outlook, By Perionyx Excavatus (2021-2030) ($MN)
8 Global Earthworm Farming Market Outlook, By Other Species (2021-2030) ($MN)
9 Global Earthworm Farming Market Outlook, By End User (2021-2030) ($MN)
10 Global Earthworm Farming Market Outlook, By Farming (2021-2030) ($MN)
11 Global Earthworm Farming Market Outlook, By Fishing Bait (2021-2030) ($MN)
12 Global Earthworm Farming Market Outlook, By Fowl Feed (2021-2030) ($MN)
13 Global Earthworm Farming Market Outlook, By Other End Users (2021-2030) ($MN)
14 North America Earthworm Farming Market Outlook, By Country (2021-2030) ($MN)
15 North America Earthworm Farming Market Outlook, By Species (2021-2030) ($MN)
16 North America Earthworm Farming Market Outlook, By Eisenia Andrei (2021-2030) ($MN)
17 North America Earthworm Farming Market Outlook, By Eisenia Foetida (2021-2030) ($MN)
18 North America Earthworm Farming Market Outlook, By Eisenia Hortensis (2021-2030) ($MN)
19 North America Earthworm Farming Market Outlook, By Eudrilus Eugeniae (2021-2030) ($MN)
20 North America Earthworm Farming Market Outlook, By Perionyx Excavatus (2021-2030) ($MN)
21 North America Earthworm Farming Market Outlook, By Other Species (2021-2030) ($MN)
22 North America Earthworm Farming Market Outlook, By End User (2021-2030) ($MN)
23 North America Earthworm Farming Market Outlook, By Farming (2021-2030) ($MN)
24 North America Earthworm Farming Market Outlook, By Fishing Bait (2021-2030) ($MN)
25 North America Earthworm Farming Market Outlook, By Fowl Feed (2021-2030) ($MN)
26 North America Earthworm Farming Market Outlook, By Other End Users (2021-2030) ($MN)
27 Europe Earthworm Farming Market Outlook, By Country (2021-2030) ($MN)
28 Europe Earthworm Farming Market Outlook, By Species (2021-2030) ($MN)
29 Europe Earthworm Farming Market Outlook, By Eisenia Andrei (2021-2030) ($MN)
30 Europe Earthworm Farming Market Outlook, By Eisenia Foetida (2021-2030) ($MN)
31 Europe Earthworm Farming Market Outlook, By Eisenia Hortensis (2021-2030) ($MN)
32 Europe Earthworm Farming Market Outlook, By Eudrilus Eugeniae (2021-2030) ($MN)
33 Europe Earthworm Farming Market Outlook, By Perionyx Excavatus (2021-2030) ($MN)
34 Europe Earthworm Farming Market Outlook, By Other Species (2021-2030) ($MN)
35 Europe Earthworm Farming Market Outlook, By End User (2021-2030) ($MN)
36 Europe Earthworm Farming Market Outlook, By Farming (2021-2030) ($MN)
37 Europe Earthworm Farming Market Outlook, By Fishing Bait (2021-2030) ($MN)
38 Europe Earthworm Farming Market Outlook, By Fowl Feed (2021-2030) ($MN)
39 Europe Earthworm Farming Market Outlook, By Other End Users (2021-2030) ($MN)
40 Asia Pacific Earthworm Farming Market Outlook, By Country (2021-2030) ($MN)
41 Asia Pacific Earthworm Farming Market Outlook, By Species (2021-2030) ($MN)
42 Asia Pacific Earthworm Farming Market Outlook, By Eisenia Andrei (2021-2030) ($MN)
43 Asia Pacific Earthworm Farming Market Outlook, By Eisenia Foetida (2021-2030) ($MN)
44 Asia Pacific Earthworm Farming Market Outlook, By Eisenia Hortensis (2021-2030) ($MN)
45 Asia Pacific Earthworm Farming Market Outlook, By Eudrilus Eugeniae (2021-2030) ($MN)
46 Asia Pacific Earthworm Farming Market Outlook, By Perionyx Excavatus (2021-2030) ($MN)
47 Asia Pacific Earthworm Farming Market Outlook, By Other Species (2021-2030) ($MN)
48 Asia Pacific Earthworm Farming Market Outlook, By End User (2021-2030) ($MN)
49 Asia Pacific Earthworm Farming Market Outlook, By Farming (2021-2030) ($MN)
50 Asia Pacific Earthworm Farming Market Outlook, By Fishing Bait (2021-2030) ($MN)
51 Asia Pacific Earthworm Farming Market Outlook, By Fowl Feed (2021-2030) ($MN)
52 Asia Pacific Earthworm Farming Market Outlook, By Other End Users (2021-2030) ($MN)
53 South America Earthworm Farming Market Outlook, By Country (2021-2030) ($MN)
54 South America Earthworm Farming Market Outlook, By Species (2021-2030) ($MN)
55 South America Earthworm Farming Market Outlook, By Eisenia Andrei (2021-2030) ($MN)
56 South America Earthworm Farming Market Outlook, By Eisenia Foetida (2021-2030) ($MN)
57 South America Earthworm Farming Market Outlook, By Eisenia Hortensis (2021-2030) ($MN)
58 South America Earthworm Farming Market Outlook, By Eudrilus Eugeniae (2021-2030) ($MN)
59 South America Earthworm Farming Market Outlook, By Perionyx Excavatus (2021-2030) ($MN)
60 South America Earthworm Farming Market Outlook, By Other Species (2021-2030) ($MN)
61 South America Earthworm Farming Market Outlook, By End User (2021-2030) ($MN)
62 South America Earthworm Farming Market Outlook, By Farming (2021-2030) ($MN)
63 South America Earthworm Farming Market Outlook, By Fishing Bait (2021-2030) ($MN)
64 South America Earthworm Farming Market Outlook, By Fowl Feed (2021-2030) ($MN)
65 South America Earthworm Farming Market Outlook, By Other End Users (2021-2030) ($MN)
66 Middle East & Africa Earthworm Farming Market Outlook, By Country (2021-2030) ($MN)
67 Middle East & Africa Earthworm Farming Market Outlook, By Species (2021-2030) ($MN)
68 Middle East & Africa Earthworm Farming Market Outlook, By Eisenia Andrei (2021-2030) ($MN)
69 Middle East & Africa Earthworm Farming Market Outlook, By Eisenia Foetida (2021-2030) ($MN)
70 Middle East & Africa Earthworm Farming Market Outlook, By Eisenia Hortensis (2021-2030) ($MN)
71 Middle East & Africa Earthworm Farming Market Outlook, By Eudrilus Eugeniae (2021-2030) ($MN)
72 Middle East & Africa Earthworm Farming Market Outlook, By Perionyx Excavatus (2021-2030) ($MN)
73 Middle East & Africa Earthworm Farming Market Outlook, By Other Species (2021-2030) ($MN)
74 Middle East & Africa Earthworm Farming Market Outlook, By End User (2021-2030) ($MN)
75 Middle East & Africa Earthworm Farming Market Outlook, By Farming (2021-2030) ($MN)
76 Middle East & Africa Earthworm Farming Market Outlook, By Fishing Bait (2021-2030) ($MN)
77 Middle East & Africa Earthworm Farming Market Outlook, By Fowl Feed (2021-2030) ($MN)
78 Middle East & Africa Earthworm Farming Market Outlook, By Other End Users (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.
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