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Insect Feed Market Sales of to Grow at Robust 10.0% CAGR during 2022 – 2032
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The insect feed market is set to grow at a 10% CAGR by 2032, driven by the aquaculture and poultry sectors. Asia-Pacific dominates production.
The global insect feed market size was valued at USD 667.9 million in 2017 and is projected to reach a value of USD 1,996.4 million by 2032, registering a CAGR of 12% during the forecast period. According to this report, insect-derived feeds and insect harvesting have significant demand for industrial uses that guarantee optimal use of the resources. This report uses unique research methods to offer the most accurate analysis of the market.
According to the Market Research analysis, Nextprotein, Buhler AG, Hexafly, Entofood, Diptera Nutrition, Enviroflight, Coppens, and Agriprotein are identified as Key Insect feed market brands. In 2022, United States Insect feed market grew by 9.8% year on year, bucking initial scepticism about how the market would perform during a global pandemic.
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It includes in-depth insights into the insect feed market. Some of these are:
Market Segments Covered In Insect Feed Market Analysis
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By Application :
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Who is Winning?
Companies operating in the global insect feed market are focusing on mergers and joint ventures with insect processing and rearing industries to gain market share. Some of the prominent vendors of the insect feed market are Nextprotein, Buhler AG, Hexafly, Entofood, Diptera Nutrition, Enviroflight, Coppens, and Agriprotein.
Get Valuable Insights into Insect Feed Market
Future Market Insights, in its new report, presents an unbiased analysis of the global insect feed market, covering historical demand data and forecast figures for the period between 2020 and 2030. The study divulges compelling insights into growth witnessed in the market. Based on end-use, the insect feed market can be segmented into poultry nutrition, pig nutrition, cattle and dairy nutrition, and aquaculture. Regionally, the market can be segmented into North America, Latin America, Europe, East Asia, South Asia, Oceania and MEA.
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INSECT FEED MARKET – KEY RESEARCH FINDINGS
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The article discusses the projected growth of the insect feed market at a 10% CAGR by 2032.
Asia-Pacific is the largest producer in the aquaculture segment.
Expansion of aquaculture and poultry sectors and reduced feed costs drive growth.
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