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Black Soldier Fly Market
Black Soldier Fly Market Size, Share, Forecast, & Trends Analysis by Product (Protein Meals, Whole Dried Larvae, Biofertilizers {Frass}, Larvae Oil, Others {Cocoons, Pupa}), Application (Aquafeed, Animal Feed, Agriculture, Pet Food), and Geography - Global Forecast to 2033
Report ID:MRFB - 104375 Pages: 229 Apr-2024 Formats*: PDF Category: Food and Beverages Delivery: 2 to 4 HoursThe Black Soldier Fly Market was valued at $0.27 billion in 2023. This market is expected to reach $3.96 billion by 2033 from an estimated $0.35 billion in 2024, at a CAGR of 31.0% during the forecast period 2024-2033
Black Soldier Fly Market Size & Forecast
The growth of the black soldier fly market is mainly driven by rising global meat demand, growing aquaculture industry, increasing demand from the animal feed industry for alternative proteins due to rising prices of soymeal and fishmeal, and increasing government support for the application of insect meal in livestock feed. In addition, expansions in developed and emerging economies are expected to offer significant opportunities for the growth of the black soldier fly market.
However, factors such as a non-standardized regulatory framework across the globe and limited acceptance & approvals for BSFL to be incorporated into the human diet hinder the overall black soldier fly market growth. Furthermore, the availability of economical substitutes, the high cost of skilled labor, and the risk of disease transmission from BSF are some of the challenges impeding the market’s growth.
Black Soldier Fly Market Growth Drivers
Growing Aquaculture Industry Driving the Demand For Black Soldier Fly
Over the last decade, the world has witnessed enormous growth in the aquaculture sector, especially in the developing countries of Asia and Africa. Nutrition and feeding play a central and essential role in the sustained development of aquaculture. Hence, fertilizers and feed resources continue to dominate aquaculture needs. In fish farming, nutrition is critical because feed represents 40–50% of the production costs.
Fish nutrition has advanced dramatically in recent years by developing new balanced commercial diets that promote optimal fish growth and health. The essential nutrients for fish growth are amino acids, fatty acids, vitamins, minerals, and energy-yielding macronutrients (protein, lipid, and carbohydrates). Furthermore, according to the Food and Agriculture Organization (FAO), aquaculture production is projected to expand to 106 million tons by 2030, with an overall growth of 22% or around 19 million tonnes compared with 2020.
BSF larvae contain high amounts of protein (~40%) and have a well-balanced profile of essential amino acids such as BSF is rich in methionine and lysine (9.05 and 22.3 g/kg DM, respectively). Therefore, it can be used as an alternative source of protein for fish feed. Owing to these factors, some countries have approved insect-based meals, such as BSFL, for aqua-feed applications.
For instance, in 2017, the European Commission (EC) officially approved the use of insect protein as a new form of aquaculture feed. Furthermore, in 2018, the Food and Drug Administration (FDA) and the Canadian Food Inspection Agency (CFIA) approved the use of insects as an ingredient in certain fish. Thus, the growing aquaculture industry and government approval of the insect as aqua feed spur the demand for BSF in the aquaculture industry.
Increasing Demand from the Animal Feed Industry for Alternative Proteins Due to Rising Prices of Fish and Soy Meal Supporting Market Growth
The developing geographies, such as Asia, Africa, and Latin America, are witnessing population increase along with economic growth and changing dietary patterns. By 2050, this will account for a 70% increase in the demand for livestock products from 2017. Furthermore, the prices of livestock-based products have increased due to a rise in feed costs. The feed cost currently contributes ~60–70% of the total livestock production cost (Source: Feedipedia—Animal Feed Resources Information System).
Fish and soybean meal are the major protein sources for feed. However, these sources compete with food production for humans. Moreover, fishmeal availability has become limited due to the over-exploitation of marine, causing a rapid increase in the cost of these feed ingredients. As a result, the search for sustainable alternatives has led to a growing interest in insects as feed ingredients.
Insects have high protein levels, and their production has a small footprint. Mass-reared insect species, such as the black soldier fly, have received significant attention mainly due to their ability to feed on different substrates, including organic waste streams. The ability of BSF to convert organic waste into high-quality nutrients has rapidly opened commercial opportunities with the development of products, such as protein meal, which can become a cheaper alternative protein source as compared to fishmeal or soybean meal for pig, poultry, and fish feeds.
Pig-feed fish meal has an 18.5% replacement rate by BSF meal (Source: Animal Feed Science and Nutrition, February 2022 publication). According to the FDA study, when soybean and fishmeal were replaced with BSF larvae meal in proportions of 10–56%, the broiler quails and chickens had a satisfactory taste, aroma, and nutritional composition of meat. This experiment by Van Heugten, Martinez, McComb, and Koutsos (2019) showed that BSF oil is a valuable product for nursery pigs.
It concluded that adding BSF oil at a maximum percentage of 6% to the diets of 21-day-old pigs, replacing corn oil (another replacer of soybean oil), has positive effects on the nursery pigs. In addition, BSF insects are also used as fish feed in Nile tilapia with different BSF meal levels, which result in similar growth performance and feed conversion.
With the high growth performance of BSF meals and rising prices for fishmeal and soya meals, animal feed manufacturers have increasingly started incorporating BSF ingredients into their feed products as an alternative source of protein, driving the growth of the global black soldier fly market.
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Black Soldier Fly Market Trends
Growing Focus on Sustainable Feed Production
Sustainable feed production is the practice of producing animal feed that meets the nutritional needs of animals while minimizing negative impacts on the environment and society. This involves using raw materials efficiently, reducing waste, and managing the production process in an environmentally friendly manner. In the quest for sustainable agriculture, the focus has increasingly turned towards alternative feed sources that are both environmentally friendly and nutritionally robust. The black soldier fly has garnered attention for its remarkable ability to convert organic waste into high-quality protein.
BSF larvae are nutritionally dense, boasting high protein and fat content along with essential amino acids and minerals. As a feed ingredient, they provide a sustainable alternative to traditional sources like soy and fishmeal. Moreover, the production of BSF larvae requires minimal land and water resources, making it inherently more eco-friendly. Livestock producers, aquaculture operators, and pet food manufacturers are increasingly incorporating BSF ingredients into their feed formulations. As a result, the incorporation of black soldier fly into feed production practices can contribute significantly to a more sustainable future for agriculture.
Black Soldier Fly Market Opportunity
Expansion in Emerging & Developed Economies Expected to Offer Growth Opportunities for Market Players
Over the recent years, there has been a significant increase in the demand for high-quality meat in emerging economies, such as Southeast Asia, the Middle East & Africa, and Latin America, mainly attributed to the population growth in Asia and Africa and increasing urbanization. According to FAO, global meat production is projected to expand to around 48 metric tons by 2025, predominantly in developing countries, accounting for approximately 73% of the total production.
To fulfill this demand, meat producers continuously focus on improving the meat's production and quality with the help of high-quality protein-containing feed. Such factors prompt meat producers toward adopting insect-derived feed such as BSFL protein meals. Hence, the high demand for insect feed in emerging economies encourages insect producers to invest in developing countries. Owing to this opportunity, many market players are expanding and entering this market. Some of these examples are as follows:
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In December 2023, Entobel Holding Pte. Ltd. (Singapore) opened a new insect meal production factory in Vietnam. The facility has a production capacity of 10,000 metric tons of H-meal/year.
- In April 2023, Nutrition Technologies (Singapore) and Sumitomo Corporation Group (Japan) signed an MoU. The company signed a USD 100 million trade deal with trading firm Sumitomo Corporation to expand the distribution of pet food and aquafeed products in the Japanese market.
- In March 2023, Entobel (Singapore) partnered with the International Finance Corporation (IFC) to support the sustainable aquafeed and aquaculture industry in Vietnam.
- In January 2021, The ICAR-Central Institute of Brackishwater Aquaculture, Chennai, signed a Memorandum of Understanding (MoU) with Ultra Nutri India, Pvt. Ltd. (India) to explore the possibilities of using Black Soldier Fly Meal (BSF Meal) as a sustainable ingredient in aquafeed today.
Moreover, according to the Food and Agriculture Organization of the United Nations (FAO), from 2017, the global demand for fish and shellfish is expected to reach almost 181 million tons in 2030. However, dried and powdered fish feed, such as anchovy, used for aquaculture feed, is becoming insufficient. According to FAO, 1.2 to 1.6 million tons of raw materials for fish feed will be required in 2025 as an alternative to fish meal.
Owing to this opportunity, the nascent insect farming sector has captured major attention, investments, and strategic developments in developed countries by some heavyweights in the animal feed business. For instance, in February 2024, InnovaFeed (France) launched a new brand, Hilucia, an insect protein brand with two new products – Protein for Monogastrics and Oil for Aqua. In June 2022, InnovaFeed (France) and Cargill, Incorporated (U.S.) extended their partnership up to 10 years from 3 years to offer innovative and healthy ingredients for aquaculture.
Thus, expansions, investments, and strategic development in both emerging and developed economies are expected to offer significant growth opportunities for BSF stakeholders.
Black Soldier Fly Market Analysis: Key Findings
By Product: In 2024, the Protein Meal Segment to Dominate the Black Soldier Fly Market
Based on product, the global black soldier fly market is segmented into protein meal, whole dried larvae, biofertilizers (frass), larvae oil, and other BSF products. In terms of value, in 2024, the protein meal segment is expected to account for the largest share of 57.4% of the global black soldier fly market. The large market share of this segment is mainly attributed to the increasing demand for BSF protein meal from the animal feed industry due to the rising awareness & demand for sustainable proteins, the rising prices of fish and soy meals, and supportive government initiatives aimed at promoting the use of insect meal in animal feed. In addition, the protein meal segment is expected to register the highest CAGR of 33.9% during the forecast period.
Moreover, in terms of volume, in 2024, the biofertilizers (frass) segment is expected to account for the largest share of 67.3% of the global black soldier market. Growing waste from restaurants, agriculture, and food & drink industries and growing awareness regarding the use of black soldier fly larvae to convert waste into organic fertilizer are some of the major factors driving the growth of the BSF biofertilizers market.
By Application: In 2024, the Aquafeed Segment to Dominate the Black Soldier Fly Market
Based on application, the global black soldier fly market is segmented into aquafeed, animal feed, agriculture, pet food, and other applications. In 2024, the aquafeed segment is expected to account for the largest share of 44.3% of the global black soldier fly market. This segment's large share is mainly attributed to the early regulatory approval of BSF for aquafeed applications, the growing adoption of BSF ingredients in fish feed, and the volatility observed in fish meal prices.
However, the animal feed segment is expected to register the highest CAGR of 34.6% during the forecast period due to the growing demand for meat products and the subsequent increase in the demand for protein-rich animal feed, rising soy meal prices, and government approval for the use of BSF as a feed ingredient.
Geographical Analysis
North America: Fastest-growing Regional Market
Based on geography, the global black soldier fly market is divided into five regions, namely, North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, Europe is expected to account for the largest share of 55.3% of the global black soldier fly market. Europe's significant market share is attributed to the growing aquaculture industry, growing awareness of alternative protein sources for animal feed, and rising fish meal prices.
However, North America is projected to register the highest CAGR of 34.4% during the forecast period. The growth of this regional market is mainly attributed to government approvals for the use of BSF in animal feed, the increasing adoption of BSF for organic waste valorization, ongoing expansion efforts by major companies in the black soldier fly processing sector, and the proliferation of end-use industries across the region.
Black Soldier Fly Market: Key Companies
The report offers a competitive analysis based on an extensive assessment of the leading players’ product portfolios and geographic presence and the key growth strategies adopted by them over the past 3–4 years. Some of the key players operating in the global black soldier fly market are Protix B.V. (Netherlands), InnovaFeed SAS (France), EnviroFlight, LLC (U.S.), Nutrition Technologies Group (Singapore), Bioflytech S.L. (Spain), Entobel Holdings Pte. Ltd. (Singapore), Entofood Sdn Bhd (Malaysia), SFly Comgraf SAS (France), Hexafly (Ireland), F4F SpA (Chile), Protenga Pte Ltd (Singapore), and NextProtein (France).
Black Soldier Fly Industry Overview: Latest Developments from Key Industry Players
Some of the recent developments in the global black soldier fly market are as follows:
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In February 2024, InnovaFeed SAS (France) launched a new brand, Hilucia, with two new products–Protein for Monogastrics and Oil for Aqua.
- In January 2024, EnviroFlight LLC (U.S.) partnered with Entocycle, a U.K.-based provider of insect farms and insect farming technology, to develop and trial the Entosight Neo. Entosight Neo is Entocycle’s black soldier fly breeding technology solution for neonate counting and dosing to optimize our production efficiencies.
- In October 2023, Protix B.V. (Netherlands) partnered with Tyson Foods, Inc. (U.S.) to produce more sustainable protein. This strategic development is expected to support the growth of the emerging insect ingredient industry and expand the use of insect ingredient solutions to create efficient, sustainable proteins and lipids.
- In April 2023, InnovaFeed SAS (France) opened an extension of its Nesle production site in northern France. This expansion is expected to increase the company's production capacity by 15,000 tons of insect protein per year.
- In April 2023, Nutrition Technologies Group (Singapore) and Sumitomo Corporation Group (Japan) signed a MoU agreement. The company signed a USD 100 million trade deal with trading firm Sumitomo Corporation to expand the pet food and aquafeed products distribution (Singapore) in the Japanese market.
- In March 2022, Nutrition Technologies Group and Evonik Industries (Germany) signed an agreement to jointly conduct a research and development project on the amino acid requirements of Black Soldier Flies (BSF) in Southeast Asia.
- In October 2021, Entobel Holding Pte. Ltd. (Singapore) partnered with Vinh Hoan Corp. (Vietnam) to explore sustainable ways to produce insect-fed seafood with a reduced carbon footprint. As part of this partnership, IFC is expected to support Entobel’s expansion in Vietnam and the region.
Black Soldier Fly Market Research Summary:
|
Particulars |
Details |
|
Page No. |
229 |
|
Format |
|
|
Forecast Period |
2024–2033 |
|
Base Year |
2023 |
|
CAGR (Value) |
31% |
|
Market Size (Value) |
$3.96 Billion by 2033 |
|
CAGR (Volume) |
40.4% |
|
Market Size (Volume) |
8.23 Million Tons by 2033 |
|
Segments Covered |
By Product
By Application
|
|
Countries Covered |
North America (U.S. and Canada), Europe (Netherlands, France, Germany Finland, Denmark, Belgium, and Rest of Europe), Asia-Pacific (China, South Korea, Japan, Malaysia, Vietnam, Thailand, Australia, India, and Rest of Asia-Pacific), Latin America, and the Middle East & Africa. |
|
Key Companies |
Protix B.V. (Netherlands), InnovaFeed SAS (France), EnviroFlight, LLC (U.S.), Nutrition Technologies Group (Singapore), Bioflytech S.L. (Spain), Entobel Holdings Pte. Ltd. (Singapore), Entofood Sdn Bhd (Malaysia), SFly Comgraf SAS (France), Hexafly (Ireland), F4F SpA (Chile), Protenga Pte Ltd (Singapore), and NextProtein (France) |
Key questions answered in the black soldier fly market report:
The Black Soldier Fly market report covers the collective revenue of all commercial BSF products, including protein meal, whole dried larvae, larvae oil, frass/biofertilizer, and other BSF Products such as eggs, pupa, slurry, and crushed larvae. This report provides detailed market insights and includes market sizes & forecasts for black soldier fly in terms of value (by product, application, and geography) & volume (by product and geography). Each segment provides the market sizes & forecasts for five key regions (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa) along with the prominent countries in each region.
The global black soldier fly market is projected to reach $3.96 billion by 2033, at a CAGR of 31% during the forecast period.
The protein meal segment is expected to account for the largest share of the global black soldier fly market in 2024.
The animal feed segment is projected to register the highest growth rate during the forecast period, providing significant opportunities for players operating in this market.
The growth of the black soldier fly market is mainly driven by rising global meat demand, growing aquaculture industry, increasing demand from the animal feed industry for alternative proteins due to rising prices of soymeal and fishmeal, and increasing government support for the application of insect meal in livestock feed. In addition, expansions in developed and emerging economies are expected to provide significant opportunities for the growth of the black soldier fly market.
The key players operating in the global black soldier fly market are Protix B.V. (Netherlands), InnovaFeed SAS (France), EnviroFlight, LLC (U.S.), Nutrition Technologies Group (Singapore), Bioflytech S.L. (Spain), Entobel Holdings Pte. Ltd. (Singapore), Entofood Sdn Bhd (Malaysia), SFly Comgraf SAS (France), Hexafly (Ireland), F4F SpA (Chile), Protenga Pte Ltd (Singapore), and NextProtein (France).
North America is expected to register the highest growth rate during the forecast period of 2024–2033. The growth of this regional market is mainly attributed to government approvals for the use of BSF in animal feed, the increasing adoption of BSF for organic waste valorization, ongoing expansion efforts by major companies in the black soldier fly processing sector, and the proliferation of end-use industries across the region.
1. Introduction
1.1. Market Definition & Scope
1.2. Market Ecosystem
1.3. Currency
1.4. Key Stakeholders
2. Research Methodology
2.1. Research Approach
2.2. Data Collection & Validation
2.2.1. Secondary Research
2.2.2. Primary Research/Interviews With Key Opinion Leaders from the Industry
2.3. Market Sizing and Forecasting
2.3.1. Market Size Estimation Approach
2.3.2. Growth Forecast Approach
2.4. Assumptions for the Study
3. Executive Summary
3.1. Overview
3.2. Segment Analysis
3.2.1. Black Soldier Fly Market, by Product
3.2.2. Black Soldier Fly Market, by Application
3.3. Black Soldier Fly Market, by Region
3.4. Competitive Landscape & Market Competitors
4. Market Insights
4.1. Overview
4.2. Factors Affecting Market Growth
4.2.1. Rising Global Meat Demand Driving the Consumption of Black Soldier Fly
4.2.2. Growing Aquaculture Industry Driving the Demand for Black Soldier Fly
4.2.3. Increasing Demand from the Animal Feed Industry for Alternative Proteins Due to Rising Prices of Fish and Soy Meal Supporting Market Growth
4.2.4. Increasing Government Support for the Use of Insect Meal In Livestock Feed, Driving the Adoption of Black Soldier Fly
4.2.5. Non-standardized Regulatory Framework Across the Globe Restraining Market Growth
4.2.6. Limited Acceptance and Approvals for BSFL to be Incorporated Into the Human Diet Limits the Adoption of BSF
4.2.7. Expansion in Emerging & Developed Economies Expected to Offer Growth Opportunities for Market Players
4.2.8. Availability of Cheaper Substitutes Impacting Market Growth
4.2.9. High Cost of Skilled Labor Challenges the Growth of the Global BSF Market
4.2.10. Risk of Disease Transmission from BSF Poses A Significant Challenge to the Market's Growth
4.3. Regulatory Analysis
4.3.1. North America
4.3.2. Europe
4.3.3. Asia-Pacific
4.3.4. Rest of the World
4.4. Porter's Five Forces Analysis
4.4.1. Bargaining Power of Suppliers
4.4.2. Bargaining Power of Buyers
4.4.3. Threat of Substitutes
4.4.4. Threat of New Entrants
4.4.5. Degree of Competition
4.5. SWOT Analysis: Black Soldier Fly Market
4.6. Marketing Mix and Strategies
4.6.1. Pricing Strategy
4.6.2. Product Approvals
4.6.3. Expansion Plans
5. BSF Processing
5.1. Introduction
5.1.1. Feedstock Preparation
5.1.2. Rearing Units
5.1.2.1. BSF: Life Cycle
5.1.3. Processing Units
5.1.3.1. BSF Oil Extraction Process
5.1.3.1.1. Processing Method
5.1.3.1.2. Processing Equipment
5.1.3.2. Protein Extraction Process
5.1.3.2.1. Processing Method
5.1.3.2.2. Processing Equipment
5.1.4. Storage
6. Cost Analysis
6.1. BSF Farms Operating Cost Analysis, by Farm Capacity
6.2. Pricing Analysis, by Product
6.2.1. Protein Meal
6.2.2. Whole Dried Larvae
6.2.3. Biofertilizer (Frass)
6.2.4. Larvae Oil
6.2.5. Other BSF Products
7. Opportunity Analysis: BSF-Derived Chitin and Chitosan
7.1. BSF-Derived Chitin Trends
7.2. SWOT Analysis: BSF-Derived Chitin & Chitosan Industry
7.3. Chitin/Chitosan
7.3.1. Potential Pricing Analysis
7.3.2. Potential Use of Chitin and Chitosan In Industrial Applications
8. Global Black Soldier Fly Market Assessment—by Product
8.1. Overview
8.2. Protein Meal
8.3. Whole Dried Larvae
8.4. Biofertilizers (Frass)
8.5. Larvae Oil
8.6. Other BSF Products
9. Global Black Soldier Fly Market Assessment—by Application
9.1. Overview
9.2. Aquafeed
9.3. Animal Feed
9.4. Agriculture
9.5. Pet Food
9.6. Other Applications
10. Black Soldier Fly Market Assessment—by Geography
10.1. Overview
10.2. Europe
10.2.1. Netherlands
10.2.2. France
10.2.3. Germany
10.2.4. Finland
10.2.5. Denmark
10.2.6. Belgium
10.2.7. Rest of Europe (RoE)
10.3. Asia-Pacific
10.3.1. China
10.3.2. South Korea
10.3.3. Japan
10.3.4. Malaysia
10.3.5. Vietnam
10.3.6. Thailand
10.3.7. Australia
10.3.8. India
10.3.9. Rest of Asia-Pacific (RoAPAC)
10.4. North America
10.4.1. U.S.
10.4.2. Canada
10.5. Latin America
10.6. Middle East & Africa
11. Competitive Landscape
11.1. Overview
11.2. Key Growth Strategies
11.3. Competitive Benchmarking
11.4. Competitive Dashboard
11.4.1. Industry Leaders
11.4.2. Market Differentiators
11.4.3. Vanguards
11.4.4. Emerging Companies
11.5. Global Black Soldier Fly Market: Company Market Position Analysis
11.6. Production Capacity of Key Players
12. Company Profiles
12.1. Protix B.V.
12.2. InnovaFeed SAS
12.3. EnviroFlight, LLC
12.4. Nutrition Technologies Group
12.5. Bioflytech S.L.
12.6. Entobel Holding Pte. Ltd.
12.7. Entofood Sdn Bhd
12.8. SFly Comgraf SAS
12.9. Hexafly
12.10. F4f SpA
12.11. Protenga Pte Ltd.
12.12. NextProtein
13. Emerging Startups
13.1. BugEra
13.2. Entoprotech Ltd
13.3. Insectta
13.4. Entosystem Inc.
13.5. Other Emerging Startups
13.5.1. Insectifii India Pvt. Ltd.
13.5.2. Agroloop Hungary Kft.
13.5.3. Soldier Fly Technologies, Inc.
13.5.4. Life Origin
13.5.5. Insectum Aps
13.5.6. Keetup and Co.
13.5.7. Loopworm Pvt. Ltd.
13.5.8. Ento Proteins Private Limited
13.5.9. Ultranutri
13.5.10. Insectika Biotech Private Limited (IBPL)
13.5.11. Freshrooms Lifesciences Private Limited
13.5.12. KovaiBSF
13.5.13. Exocycle
13.5.14. Bioforte Biotechnology (Shenzhen) Co., Ltd.
13.5.15. Guangzhou Unique Biotechnology Co., Ltd
13.5.16. Symton Inc.
13.5.17. Beta Bugs Ltd.
13.5.18. Snas Bio-Tech
13.5.19. Farminsect GmbH
13.5.20. Hermetia Baruth GmbH
13.5.21. Volare Solutions
13.5.22. Nasekomo
13.5.23. Enorm Biofactory
13.5.24. Mutatec
13.5.25. Nextalim SAS
13.5.26. Insectum UAB
13.5.27. Hipromine S.A.
13.5.28. Entogreen - Ingredient Odyssey, S.A.
13.5.29. Cyns
13.5.30. Illucens México Entobiorrefinería
13.5.31. Proticycle
13.5.32. Circa Biotech
14. Appendix
14.1. Available Customization
14.2. Related Reports
List of Tables
Table 1 North America: Regulatory Approval for BSF Products Use, by Application Area 2023
Table 2 Europe: Regulatory Approval for BSF Products Use, by Application Area, 2023
Table 3 Asia-Pacific: Regulatory Approval for BSF Products Use, by Application Area, 2023
Table 4 Rest of World: Regulatory Approval for BSF Products Use, by Application Area, 2023
Table 5 Processing Parameters for Dry and Wet Processing Methods of BSFL
Table 6 North America: Average Operating Cost of BSF Farms Per Day, by Farm Capacity (USD)
Table 7 Europe: Average Operating Cost of BSF Farms Per Day, by Farm Capacity (USD)
Table 8 Asia-Pacific: Average Operating Cost of BSF Farms Per Day, by Farm Capacity (USD)
Table 9 Latin America: Average Operating Cost of BSF Farms Per Day, by Farm Capacity (USD)
Table 10 Middle East & Africa: Average Operating Cost of BSF Farms Per Day, by Farm Capacity (USD)
Table 11 Average Selling Prices for Protein Meal, by Country/Region, 2022–2033 (USD/Ton)
Table 12 Average Selling Prices of Whole Dried Larvae, by Country/Region, 2022–2033 (USD/Ton)
Table 13 Average Selling Prices of Biofertilizers (Frass), by Country/Region, 2022–2033 (USD/Ton)
Table 14 Average Selling Prices of Larvae Oil, by Country/Region, 2022–2033 (USD/Ton)
Table 15 Average Selling Prices of Other BSF Products, by Country/Region, 2022–2033 (USD/Ton)
Table 16 Potential Chitin/Chitosan Market, by Country/Region, 2025—2033 (USD Thousands)
Table 17 Potential Chitin/Chitosan Market, by Country/Region, 2025—2033 (Tons)
Table 18 Average Selling Prices of Other BSF Products, by Country/Region, 2025–2033 (USD/Ton)
Table 19 Global Black Soldier Fly Market, by Product, 2022–2033 (USD Thousands)
Table 20 Global Black Soldier Fly Market, by Product, 2022–2033 (Tons)
Table 21 Black Soldier Fly Protein Meal Market, by Country/Region, 2022–2033 (USD Thousands)
Table 22 Black Soldier Fly Protein Meal Market, by Country/Region, 2022–2033 (Tons)
Table 23 Black Soldier Fly Whole Dried Larvae Market, by Country/Region, 2022–2033 (USD Thousands)
Table 24 Black Soldier Fly Whole Dried Larvae Market, by Country/Region, 2022–2033 (Tons)
Table 25 Black Soldier Fly Biofertilizers (Frass) Market, by Country/Region, 2022–2033 (USD Thousands)
Table 26 Black Soldier Fly Biofertilizers (Frass) Market, by Country/Region, 2022–2033 (Tons)
Table 27 Black Soldier Fly Larvae Oil Market, by Country/Region, 2022–2033 (USD Thousands)
Table 28 Black Soldier Fly Larvae Oil Market, by Country/Region, 2022–2033 (Tons)
Table 29 Other Black Soldier Fly Products Market, by Country/Region, 2022–2033 (USD Thousands)
Table 30 Other Black Soldier Fly Products Market, by Country/Region, 2022–2033 (Tons)
Table 31 Global Black Soldier Fly Market, by Application, 2022–2033 (USD Thousands)
Table 32 Black Soldier Fly Market for Aquafeed, by Country/Region, 2022–2033 (USD Thousands)
Table 33 Black Soldier Fly Market for Animal Feed, by Country/Region, 2022–2033 (USD Thousands)
Table 34 Black Soldier Fly Market for Agriculture, by Country/Region, 2022–2033 (USD Thousands)
Table 35 Black Soldier Fly Market for Pet Food, by Country/Region, 2022–2033 (USD Thousands)
Table 36 Black Soldier Fly Market for Other Applications, by Country/Region, 2022–2033 (USD Thousands)
Table 37 Global Black Soldier Fly Market, by Country/Region, 2022–2033 (USD Thousands)
Table 38 Global Black Soldier Fly Market, by Country/Region, 2022–2033 (Tons)
Table 39 Europe: Black Soldier Fly Market, by Country/Region, 2022–2033 (USD Thousands)
Table 40 Europe: Black Soldier Fly Market, by Country/Region, 2022–2033 (Tons)
Table 41 Europe: Black Soldier Fly Market, by Product, 2022–2033 (USD Thousands)
Table 42 Europe: Black Soldier Fly Market, by Product, 2022–2033 (Tons)
Table 43 Europe: Black Soldier Fly Market, by Application, 2022–2033 (USD Thousands)
Table 44 Netherlands: Black Soldier Fly Market, by Product, 2022–2033 (USD Thousands)
Table 45 Netherlands: Black Soldier Fly Market, by Product, 2022–2033 (Tons)
Table 46 Netherlands: Black Soldier Fly Market, by Application, 2022–2033 (USD Thousands)
Table 47 France: Black Soldier Fly Market, by Product, 2022–2033 (USD Thousands)
Table 48 France: Black Soldier Fly Market, by Product, 2022–2033 (Tons)
Table 49 France: Black Soldier Fly Market, by Application, 2022–2033 (USD Thousands)
Table 50 Germany: Black Soldier Fly Market, by Product, 2022–2033 (USD Thousands)
Table 51 Germany: Black Soldier Fly Market, by Product, 2022–2033 (Tons)
Table 52 Germany: Black Soldier Fly Market, by Application, 2022–2033 (USD Thousands)
Table 53 Finland: Black Soldier Fly Market, by Product, 2022–2033 (USD Thousands)
Table 54 Finland: Black Soldier Fly Market, by Product, 2022–2033 (Tons)
Table 55 Finland: Black Soldier Fly Market, by Application, 2022–2033 (USD Thousands)
Table 56 Denmark: Black Soldier Fly Market, by Product, 2022–2033 (USD Thousands)
Table 57 Denmark: Black Soldier Fly Market, by Product, 2022–2033 (Tons)
Table 58 Denmark: Black Soldier Fly Market, by Application, 2022–2033 (USD Thousands)
Table 59 Belgium: Black Soldier Fly Market, by Product, 2022–2033 (USD Thousands)
Table 60 Belgium: Black Soldier Fly Market, by Product, 2022–2033 (Tons)
Table 61 Belgium: Black Soldier Fly Market, by Application, 2022–2033 (USD Thousands)
Table 62 Rest of Europe: Black Soldier Fly Market, by Product, 2022–2033 (USD Thousands)
Table 63 Rest of Europe: Black Soldier Fly Market, by Product, 2022–2033 (Tons)
Table 64 Rest of Europe: Black Soldier Fly Market, by Application, 2022–2033 (USD Thousands)
Table 65 Asia-Pacific: Black Soldier Fly Market, by Country/Region, 2022–2033 (USD Thousands)
Table 66 Asia-Pacific: Black Soldier Fly Market, by Country/Region, 2022–2033 (Tons)
Table 67 Asia-Pacific: Black Soldier Fly Market, by Product, 2022–2033 (USD Thousands)
Table 68 Asia-Pacific: Black Soldier Fly Market, by Product, 2022–2033 (Tons)
Table 69 Asia-Pacific: Black Soldier Fly Market, by Application, 2022–2033 (USD Thousands)
Table 70 China: Black Soldier Fly Market, by Product, 2022–2033 (USD Thousands)
Table 71 China: Black Soldier Fly Market, by Product, 2022–2033 (Tons)
Table 72 China: Black Soldier Fly Market, by Application, 2022–2033 (USD Thousands)
Table 73 South Korea: Black Soldier Fly Market, by Product, 2022–2033 (USD Thousands)
Table 74 South Korea: Black Soldier Fly Market, by Product, 2022–2033 (Tons)
Table 75 South Korea: Black Soldier Fly Market, by Application, 2022–2033 (USD Thousands)
Table 76 Japan: Black Soldier Fly Market, by Product, 2022–2033 (USD Thousands)
Table 77 Japan: Black Soldier Fly Market, by Product, 2022–2033 (Tons)
Table 78 Japan: Black Soldier Fly Market, by Application, 2022–2033 (USD Thousands)
Table 79 Malaysia: Black Soldier Fly Market, by Product, 2022–2033 (USD Thousands)
Table 80 Malaysia: Black Soldier Fly Market, by Product, 2022–2033 (Tons)
Table 81 Malaysia: Black Soldier Fly Market, by Application, 2022–2033 (USD Thousands)
Table 82 Vietnam: Black Soldier Fly Market, by Product, 2022–2033 (USD Thousands)
Table 83 Vietnam: Black Soldier Fly Market, by Product, 2022–2033 (Tons)
Table 84 Vietnam: Black Soldier Fly Market, by Application, 2022–2033 (USD Thousands)
Table 85 Thailand: Black Soldier Fly Market, by Product, 2022–2033 (USD Thousands)
Table 86 Thailand: Black Soldier Fly Market, by Product, 2022–2033 (Tons)
Table 87 Thailand: Black Soldier Fly Market, by Application, 2022–2033 (USD Thousands)
Table 88 Australia: Black Soldier Fly Market, by Product, 2022–2033 (USD Thousands)
Table 89 Australia: Black Soldier Fly Market, by Product, 2022–2033 (Tons)
Table 90 Australia: Black Soldier Fly Market, by Application, 2022–2033 (USD Thousands)
Table 91 India: Black Soldier Fly Market, by Product, 2022–2033 (USD Thousands)
Table 92 India: Black Soldier Fly Market, by Product, 2022–2033 (Tons)
Table 93 India: Black Soldier Fly Market, by Application, 2022–2033 (USD Thousands)
Table 94 Rest of Asia-Pacific: Black Soldier Fly Market, by Product, 2022–2033 (USD Thousands)
Table 95 Rest of Asia-Pacific: Black Soldier Fly Market, by Product, 2022–2033 (Tons)
Table 96 Rest of Asia-Pacific: Black Soldier Fly Market, by Application, 2022–2033 (USD Thousands)
Table 97 Top 10 Largest Animal Feed Manufacturers In the U.S., 2021
Table 98 North America: Black Soldier Fly Market, by Country, 2022–2033 (USD Thousands)
Table 99 North America: Black Soldier Fly Market, by Country, 2022–2033 (Tons)
Table 100 North America: Black Soldier Fly Market, by Product, 2022–2033 (USD Thousands)
Table 101 North America: Black Soldier Fly Market, by Product, 2022–2033 (Tons)
Table 102 North America: Black Soldier Fly Market, by Application, 2022–2033 (USD Thousands)
Table 103 U.S.: Black Soldier Fly Market, by Product, 2022–2033 (USD Thousands)
Table 104 U.S.: Black Soldier Fly Market, by Product, 2022–2033 (Tons)
Table 105 U.S.: Black Soldier Fly Market, by Application, 2022–2033 (USD Thousands)
Table 106 Canada: Black Soldier Fly Market, by Product, 2022–2033 (USD Thousands)
Table 107 Canada: Black Soldier Fly Market, by Product, 2022–2033 (Tons)
Table 108 Canada: Black Soldier Fly Market, by Application, 2022–2033 (USD Thousands)
Table 109 Latin America: Black Soldier Fly Market, by Product, 2022–2033 (USD Thousands)
Table 110 Latin America: Black Soldier Fly Market, by Product, 2022–2033 (Tons)
Table 111 Latin America: Black Soldier Fly Market, by Application, 2022–2033 (USD Thousands)
Table 112 Middle East & Africa: Black Soldier Fly Market, by Product, 2022–2033 (USD Thousands)
Table 113 Middle East & Africa: Black Soldier Fly Market, by Product, 2022–2033 (Tons)
Table 114 Middle East & Africa: Black Soldier Fly Market, by Application, 2022–2033 (USD Thousands)
Table 115 Total Number of Recent Developments, by Company (2021–2024)
Table 116 Global Black Soldier Fly Market Position Analysis of Companies, by Major Parameters
Table 117 BSF Production Capacity, by Key Players
List of Figures
Figure 1 Research Process
Figure 2 Key Secondary Sources Referenced for This Study
Figure 3 Primary Research Techniques
Figure 4 Key Executives Interviewed
Figure 5 Breakdown of Primary Interviews (Supply-side & Demand-side)
Figure 6 Market Sizing and Growth Forecast
Figure 7 In 2024, the Protein Meal Segment is Expected to Dominate the Market
Figure 8 The Animal Feed Segment is Projected to Witness Significant Growth in the Market During 2024–2033
Figure 9 In 2024, Europe Is Expected to Dominate the Market
Figure 10 Impact Analysis of Market Dynamics
Figure 11 World Population Growth, 2010 Vs. 2050
Figure 12 Global Meat Production by Meat Type, 2020–2022 Vs. 2032 (In Million Metric Tonnes Carcass Weight Equivalent)
Figure 13 Contribution of Seafood Supply, 2010–2030
Figure 14 Porter's Five Forces Analysis: Global BSF Market
Figure 15 SWOT Analysis: Global BSF Market
Figure 16 Steps Involved In BSF Processing
Figure 17 Life Cycle of the BSF
Figure 18 Processing of BSF Insect Oil
Figure 19 Processing of BSF Insect Protein
Figure 20 Commonly Suggested Market Disruption Strategies for BSF-Derived Chitin & Chitosan
Figure 21 SWOT Analysis: BSF-Derived Chitin & Chitosan Industry
Figure 22 Global Black Soldier Fly Market, by Product, 2024 Vs. 2033 (USD Thousands)
Figure 23 Global Black Soldier Fly Market, by Product, 2024 Vs. 2033 (Tons)
Figure 24 Global Black Soldier Fly Market, by Application, 2024 Vs. 2033 (USD Thousands)
Figure 25 Global Black Soldier Fly Market, by Region, 2024 Vs. 2033 (USD Thousands)
Figure 26 Global Black Soldier Fly Market, by Region, 2024 Vs. 2033 (Tons)
Figure 27 Europe: Black Soldier Fly Market Snapshot
Figure 28 Asia-Pacific: Livestock Production, by Type and Country/Region, 2020 Vs. 2030 (Thousand Tons)
Figure 29 Asia-Pacific: Black Soldier Fly Market Snapshot
Figure 30 North America Poultry Industry Insights, 2023
Figure 31 North America: Black Soldier Fly Market Snapshot
Figure 32 Latin America: Black Soldier Fly Market Snapshot
Figure 33 Middle East & Africa: Black Soldier Fly Market Snapshot
Figure 34 Key Growth Strategies Adopted by Leading Players (2021–2024)
Figure 35 Black Soldier Fly Market: Competitive Benchmarking, by Product
Figure 36 Competitive Dashboard: Black Soldier Fly Market
Figure 37 Global Black Soldier Fly Market Position Analysis, by Key Companies
Figure 38 Protix: Major Product Category
Figure 39 Protix Fundings
Figure 40 InnovaFeed: Major Product Category
Figure 41 InnovaFeed Funding
Figure 42 EnviroFlight: Major Product Category
Figure 43 Nutrition Technologies Group: Major Product Category
Figure 44 Nutrition Technologies Group Fundings
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