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Middle East & Africa Black Soldier Fly Market by Product (Protein Meals, Whole Dried Larvae, Biofertilizers (Frass), Larvae Oil, Other BSF Products); Application (Animal Feed, Agriculture, Pet food, Other Applications); and Country – Forecast to 2033
Report ID: MRFB - 104966 Pages: 200 Jul-2024 Formats*: PDF Category: Food and Beverages Delivery: 24 to 72 Hours Download Free Sample ReportThe Middle East & Africa Black Soldier Fly Market is slated to register a CAGR of 20.2% from 2024 to 2033 to reach $47.88 Million by 2033. Black Soldier Fly (Hermetia illucens) is a revolutionary insect species that provides a feed industry solution with an alternative meal source. Black Soldier Fly Larvae (BSFL) can grow on organic waste and convert the manure into high protein and lipids. It is rich in protein (40-44%) and lipid (7-36%) and has emerged as the cheaper protein alternative source for animal feed applications. The growth of the Middle East & Africa black soldier fly market is mainly attributed to the high willingness of feed processors and farmers to integrate insects in their feeds, increasing demand from the animal feed industry for alternative proteins due to rising prices of fish and soy meal, and growing aquaculture industry.
However, limited acceptance and approvals for BSFL to be incorporated into the human diet are expected to hinder the growth of this market to some extent.
Key Players
The report includes a competitive landscape based on an extensive assessment of the key strategic developments by leading market participants in the industry. Some of the key players operating in the Middle East & Africa black soldier fly market are BioflyTech (Spain), Entoprotech Ltd (Israel), PROTICYCLE (South Africa), KIMMY FARM (Vietnam), and NovFeed (T) Limited (Tanzania), among other local players.
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Over the last decade, the region has witnessed enormous growth in the aquaculture sector of many developing countries in the Middle East & Africa. Nutrition and feeding play a central and essential role in the sustained development of aquaculture. Hence, 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 by developing new balanced commercial diets promoting 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 carbohydrate).
BSF larvae contain high amounts of protein (~40%) and have a well-balanced profile of essential amino acids, such as BSF, which 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.
Thus, the growing aquaculture industry and rising demand for alternative protein for aqua feed spur growth opportunities for BSF manufacturers in the Middle East & Africa.
In 2024, the Protein Meals Segment to Dominate the Middle East & Africa Black Soldier Fly Market
Based on product, the Middle East & Africa black soldier fly market is segmented into whole dried larvae, oil, protein meals, biofertilizers (frass), and other BSF products. In 2024, the protein meals segment is expected to dominate the Middle East & Africa black soldier fly market. The large market share of this segment is attributed to the increasing demand for protein meals from the animal feed industry, increased fish meal & soy meal prices, and government support & approval for insect meal to be used in animal feed.
The Animal Feed Segment is Expected to Account for the Largest Share of the Middle East & Africa Black Soldier Fly Market
Based on application, the Middle East & Africa black soldier fly market is segmented into agriculture, animal feed, pet food, and other applications. In 2024, the animal feed segment is expected to account for the largest share of the Middle East & Africa black soldier fly market. The large share of this segment is mainly attributed to the growing demand for meat products and subsequent increase in the demand for protein-rich animal feed, rising soy meal prices, and high adoption of BSF meal in the animal feed industry.
South Africa is Expected to Register the Highest CAGR During the Forecast Period
The Middle East & Africa black soldier fly market is segmented into countries: Saudi Arabia, United Arab Emirates (UAE), South Africa, and Rest of the Middle East & Africa. South Africa is slated to register the highest CAGR during the forecast period. The growth of this country's market is mainly attributed to factors such as the emerging trend of adopting alternative protein, increasing demand for aquaculture and animal feed, and the high willingness of feed processors and farmers to integrate insects into their feeds.
Scope of the Report:
Middle East & Africa Black Soldier Fly Market Assessment, by Product
Middle East & Africa Black Soldier Fly Market Assessment, by Application
Middle East & Africa Black Soldier Fly Market Assessment, by Country
Key Questions Answered in the Report:
The Middle East & Africa black soldier fly market is projected to reach $47.88 million by 2033, at a CAGR of 20.2% from 2024 to 2033.
The protein meals segment is expected to account for the largest share of the Middle East & Africa black soldier fly market.
The animal feed applications segment is slated to register the highest CAGR during the forecast period and provide significant opportunities for players operating in this market.
The major key players operating in the Middle East & Africa black soldier fly market are BioflyTech (Spain), Entoprotech Ltd (Israel), PROTICYCLE (South Africa), KIMMY FARM (Vietnam), and NovFeed (T) Limited (Tanzania).
South Africa is slated to register the highest CAGR during the forecast period. The growth of this country's market is mainly attributed to factors such as the emerging trend of adopting alternative protein, increasing demand for aquaculture and animal feed, and the high willingness of feed processors and farmers to integrate insects into their feeds.
Published Date: Jul-2024
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Published Date: Apr-2024
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