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Global Black Soldier Fly Market to reach USD 66.85 billion by the end of 2030.

Global Black Soldier Fly Market Size study & Forecast, by Product (Protein Meals, Biofertilizers, Chitin/ Chitosan, Others), by Application (Animal Feed, Agriculture, Pet Food, Pharmaceutical, Cosmetic, Biofuel) and Regional Analysis, 2023-2030

Product Code: OIRAL-45731006
Publish Date: 4-08-2023
Page: 200

Global Black Soldier Fly Market is valued approximately at USD 6.17 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 34.7% over the forecast period 2023-2030. The Black Soldier Fly is a species of fly belonging to the family Stratiomyidae. The larvae of the Black Soldier Fly are voracious decomposers, consuming a wide range of organic waste materials, including food scraps, manure, and agricultural residues. This fly species is highly efficient in converting organic waste into valuable biomass and nutrients. The Black Soldier Fly market is experiencing rapid growth due to factors such as expanding aquaculture industry, rising demand for alternative proteins in animal feed, higher prices of soymeal, government support for insect meal use and increased investment by industry leaders.

The Black Soldier Fly market is propelled by the pet food industry, which seeks sustainable and nutritious ingredients to meet the rising demand for high-quality pet food. The recognition of the benefits of incorporating insect-based ingredients further drives the growth and expansion of the Black Soldier Fly Market. According to Statista, in 2019 the pet food market was valued USD 94.06 billion; in 2022 the market reached USD 135.50 billion and it is anticipated to reach USD 174.80 billion by 2025. As a result, the growing pet food market is anticipated to create the lucrative demand for the market. Additionally, government support for approving insect meal in feed and the adoption of an alternative source of protein create significant opportunities for the Black Soldier Fly market. However, decline in fish consumption, poultry, pork, and beef is stifling the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Black Soldier Fly Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 with largest market share owing to factors such as the availability of abundant waste, including pre-consumer food waste from agriculture and the food and beverage sectors, along with government approvals for the use of Black Soldier Fly products in animal feed. North America is expected to grow significantly during the forecast period, owing to growing aquaculture industry, increased awareness of alternative protein sources for animal feed, and rising fish meal prices in the region.

Major market player included in this report are:
Bio line AgroSciences Ltd.
Fargro ltd
Ander Matt Biocontrol AG
ARBICO Organics,
BioBee Sde Eliyahu
Biological Services.
Dud Utech
Tip Top Bio-Control
Beneficial Insectary, Inc.
Koppert Biological Systems,
Recent Developments in the Market:
Ø In January 2023, Tuggs, a pet food startup, launches its debut product, featuring fresh insect-based dog food. The brand utilizes ingredients like black soldier fly larvae in their pet food pouches and offers a subscription service that provides proportioned meals tailored to a dog’s weight, age, and diet. Dog owners can conveniently submit these details through Tuggs’ website.
Ø In June 2022, Cargill and Innova feed have announced an extension of their partnership for developing and marketing insect meal. The collaboration, now spanning 10 years, brings together Innova feed’s expertise in precision insect ingredients formulation and Cargill’s global animal nutrition capabilities. The aim is to expand the utilization of insect ingredients across various types of animal feed on a larger scale.
Global Black Soldier Fly Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Product, Application, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product:
Protein Meals
Chitin/ Chitosan
By Application:
Animal Feed
Pet Food

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Black Soldier Fly Market, by region, 2020-2030 (USD Billion)
1.2.2. Black Soldier Fly Market, by Product, 2020-2030 (USD Billion)
1.2.3. Black Soldier Fly Market, by Application, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Black Soldier Fly Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Black Soldier Fly Market Dynamics
3.1. Black Soldier Fly Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Growing aquaculture industry Increasing demand from the animal feed industry
3.1.2. Market Challenges Lack of specific regulations and guidelines Limited acceptance & approvals for BSFL application in human diet
3.1.3. Market Opportunities Government support for approving insect meal in feed Adoption of an alternative source of protein
Chapter 4. Global Black Soldier Fly Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economic
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Black Soldier Fly Market, by Product
5.1. Market Snapshot
5.2. Global Black Soldier Fly Market by Product, Performance – Potential Analysis
5.3. Global Black Soldier Fly Market Estimates & Forecasts by Product 2020-2030 (USD Billion)
5.4. Black Soldier Fly Market, Sub Segment Analysis
5.4.1. Protein Meals
5.4.2. Biofertilizers
5.4.3. Chitin/ Chitosan
5.4.4. Others
Chapter 6. Global Black Soldier Fly Market, by Application
6.1. Market Snapshot
6.2. Global Black Soldier Fly Market by Application, Performance – Potential Analysis
6.3. Global Black Soldier Fly Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
6.4. Black Soldier Fly Market, Sub Segment Analysis
6.4.1. Animal Feed
6.4.2. Agriculture
6.4.3. Pet Food
6.4.4. Pharmaceutical
6.4.5. Cosmetic
6.4.6. Biofuel
Chapter 7. Global Black Soldier Fly Market, Regional Analysis
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Black Soldier Fly Market, Regional Market Snapshot
7.4. North America Black Soldier Fly Market
7.4.1. U.S. Black Soldier Fly Market Product breakdown estimates & forecasts, 2020-2030 Application breakdown estimates & forecasts, 2020-2030
7.4.2. Canada Black Soldier Fly Market
7.5. Europe Black Soldier Fly Market Snapshot
7.5.1. U.K. Black Soldier Fly Market
7.5.2. Germany Black Soldier Fly Market
7.5.3. France Black Soldier Fly Market
7.5.4. Spain Black Soldier Fly Market
7.5.5. Italy Black Soldier Fly Market
7.5.6. Rest of Europe Black Soldier Fly Market
7.6. Asia-Pacific Black Soldier Fly Market Snapshot
7.6.1. China Black Soldier Fly Market
7.6.2. India Black Soldier Fly Market
7.6.3. Japan Black Soldier Fly Market
7.6.4. Australia Black Soldier Fly Market
7.6.5. South Korea Black Soldier Fly Market
7.6.6. Rest of Asia Pacific Black Soldier Fly Market
7.7. Latin America Black Soldier Fly Market Snapshot
7.7.1. Brazil Black Soldier Fly Market
7.7.2. Mexico Black Soldier Fly Market
7.8. Middle East & Africa Black Soldier Fly Market
7.8.1. Saudi Arabia Black Soldier Fly Market
7.8.2. South Africa Black Soldier Fly Market
7.8.3. Rest of Middle East & Africa Black Soldier Fly Market

Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Company 1
8.1.2. Company 2
8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. Bio line AgroSciences Ltd. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
8.3.2. Fargro ltd
8.3.3. Ander Matt Biocontrol AG
8.3.4. ARBICO Organics,
8.3.5. BioBee Sde Eliyahu
8.3.6. Biological Services.
8.3.7. Dud Utech
8.3.8. Tip Top Bio-Control
8.3.9. Beneficial Insectary, Inc.
8.3.10. Koppert Biological Systems,
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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