Market Research Report

Global Black Soldier Fly Market Report By Product Type (Protein Meal, Biofertilizers (Frass), Whole Dried Larvae, Larvae Oil, Others (Live, Larvae, Adult, Cocoon, & Pupa)), By Application (Animal Feed, Agriculture, Pet Food, Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2021-2028

ID:VMR11218077
April 2022
Report Formats: Report Formats
The global demand for Black Soldier Fly Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2022 - 2028. Regarding volume, the market was calculated XX Tons in 2021 and forecast to touch XX Tons by 2028 with a CAGR of XX% during 2022-2028.

The Black Soldier Fly (Hermetia illucens) is a game-changing bug that provides a new food source for the feed industry. Black Soldier Fly (BSFL) larvae may develop on any organic waste and convert it to high protein and lipids. It has emerged as a cheaper protein alternative source for animal feed applications due to its high protein (40-44%) and lipid content (7-36%). Furthermore, a defatted BSF exoskeleton, one of the fastest developing biopolymers, can be used to make high-quality chitin. Waste is composted or converted into animal feed using black soldier fly larvae (BSFL). Fly larvae are some of the most efficient biomass-to-feed converters. The black soldier fly is a ubiquitous insect in the Stratiomyidae family. It also contains amino acids, which are extremely easy for animals to digest. Black soldier flies can be found in bright, sunny settings, resting on surrounding structures or vegetation and visiting daisies and carrot blooms. They are considered non-pests and are one of the most beneficial flies in the world. 

Market Dynamics

The black soldier flies market is growing due to the rising global demand for animal products, the increasing aquaculture industry, the increasing need for alternative proteins from the animal feed industry, and rising government approvals of insect meal in livestock feed. The market will benefit from the growing demand for high protein sources in the feed sector and an increasing requirement of sustainable and cost-effective nutrition to meet that demand. The increased demand for alternative protein meals from animal feed makers, grown fish meal and soy meal prices, and government backing and approval for an insect meal contribute to this segment's rapid rise. Furthermore, specific fish feeding trials have shown that BSF meal is a superior substitute for fish meal in aquafeeds. The interest of leading manufacturers in boosting their market share in this industry would drive demand for black soldier flies in the market.

The report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of black soldier fly. The growth and trends of Black Soldier Fly Industry provide a holistic approach to this study. 

Market Segmentation

This section of the black soldier fly market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.

By Product Type
  • Protein Meal
  • Biofertilizers (Frass)
  • Whole Dried Larvae
  • Larvae Oil
  • Others (Live, Larvae, Adult, Cocoon, & Pupa)

By Application
  • Animal Feed
  • Agriculture
  • Pet Food
  • Others

Regional Analysis

This section covers the regional outlook, which accentuates current and future demand for the Black Soldier Fly market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.

Global Black Soldier Fly Market Share by Region (Representative Graph)

Global Black Soldier Fly Market Share
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the black soldier fly market include AgriProtein (A Part of Insect Technology Group) (England), Protix B.V. (Netherlands), Enterra Feed Corporation (Canada), InnovaFeed (France), EnviroFlight LLC (U.S.), Bioflytech (Spain), Entobel Holding PTE. Ltd. (Singapore), Entofood (Malaysia), Sfly (France), Hexafly (Ireland), F4F (Chile), Nutrition Technologies Group (Malaysia), nextProtein (France), and Protenga Pte Ltd (Singapore). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.

METHODOLOGY:

This market research report has been produced by gathering information based on primary and secondary research. Secondary research has been done using various sources, including (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications. Additionally, our team conducts extensive primary research with key industry participants to gather first-hand data. The data is then analyzed and validated by industry experts. 

In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.

Frequently Asked Questions (FAQs) about this Report

1 . PREFACE
       1.1. Report Description
           1.1.1. Objective
           1.1.2. Target Audience
           1.1.3. Unique Selling Proposition (USP) & offerings
       1.2. Research Scope
       1.3. Research Methodology
           1.3.1. Market Research Process
           1.3.2. Market Research Methodology
 
2 . EXECUTIVE SUMMARY
       2.1. Highlights of Market
       2.2. Global Market Snapshot
 
3 . BLACK SOLDIER FLY – INDUSTRY ANALYSIS
       3.1. Introduction - Market Dynamics
       3.2. Market Drivers
       3.3. Market Restraints
       3.4. Opportunities
       3.5. Industry Trends
       3.6. Porter’s Five Force Analysis
       3.7. Market Attractiveness Analysis
           3.7.1 Market Attractiveness Analysis By Product Type
           3.7.2 Market Attractiveness Analysis By Application
           3.7.3 Market Attractiveness Analysis By Region
 
4 . VALUE CHAIN ANALYSIS
       4.1. Value Chain Analysis
       4.2. Raw Material Analysis
           4.2.1. List of Raw Materials
           4.2.2. Raw Material Manufactures List
           4.2.3. Price Trend of Key Raw Materials
       4.3. List of Potential Buyers
       4.4. Marketing Channel
           4.4.1. Direct Marketing
           4.4.2. Indirect Marketing
           4.4.3. Marketing Channel Development Trend
 
5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
       5.1. Impact Analysis of Covid-19 Outbreak
           5.1.1. Direct Impact on Production
           5.1.2. Supply Chain and Market Disruption
           5.1.3. Financial Impact on Firms and Financial Markets
       5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
       5.3. Market: Pre V/S Post COVID-19
       5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic 
       5.5. COVID-19: Micro and Macro Factor Analysis
 
6 . GLOBAL BLACK SOLDIER FLY MARKET ANALYSIS BY PRODUCT TYPE
       6.1 Overview by Product Type
       6.2 Historical and Forecast Data
       6.3 Analysis by Product Type
       6.4 Protein Meal Historic and Forecast Sales by Regions
       6.5 Biofertilizers (Frass) Historic and Forecast Sales by Regions
       6.6 Whole Dried Larvae Historic and Forecast Sales by Regions
       6.7 Larvae Oil Historic and Forecast Sales by Regions
       6.8 Others (Live, Larvae, Adult, Cocoon, & Pupa) Historic and Forecast Sales by Regions
 
7 . GLOBAL BLACK SOLDIER FLY MARKET ANALYSIS BY APPLICATION
       7.1 Overview by Application
       7.2 Historical and Forecast Data
       7.3 Analysis by Application
       7.4 Animal Feed Historic and Forecast Sales by Regions
       7.5 Agriculture Historic and Forecast Sales by Regions
       7.6 Pet Food Historic and Forecast Sales by Regions
       7.7 Others Historic and Forecast Sales by Regions
 
8 . GLOBAL BLACK SOLDIER FLY MARKET ANALYSIS BY GEOGRAPHY
       8.1. Regional Outlook
       8.2. Introduction
       8.3. North America Sales Analysis
           8.3.1. Overview, Historic and Forecast Data  Sales Analysis
           8.3.2. North America By Segment Sales Analysis
           8.3.3. North America By Country Sales Analysis
           8.3.4. United State Sales Analysis
           8.3.5. Canada Sales Analysis
           8.3.6. Mexico Sales Analysis
       8.4. Europe Sales Analysis
           8.4.1. Overview, Historic and Forecast Data  Sales Analysis
           8.4.2. Europe by Segment Sales Analysis
           8.4.3. Europe by Country Sales Analysis
           8.4.4. United Kingdom Sales Analysis
           8.4.5. France Sales Analysis
           8.4.6. Germany Sales Analysis
           8.4.7. Italy Sales Analysis
           8.4.8. Russia Sales Analysis
           8.4.9. Rest Of Europe Sales Analysis
       8.5. Asia Pacific Sales Analysis
           8.5.1. Overview, Historic and Forecast Data  Sales Analysis
           8.5.2. Asia Pacific by Segment Sales Analysis
           8.5.3. Asia Pacific by Country Sales Analysis
           8.5.4. China Sales Analysis
           8.5.5. India Sales Analysis
           8.5.6. Japan Sales Analysis
           8.5.7. South Korea Sales Analysis
           8.5.8. Australia Sales Analysis
           8.5.9. Rest Of Asia Pacific Sales Analysis
       8.6. Latin America Sales Analysis
           8.6.1. Overview, Historic and Forecast Data  Sales Analysis
           8.6.2. Latin America by Segment Sales Analysis
           8.6.3. Latin America by Country Sales Analysis
           8.6.4. Brazil Sales Analysis
           8.6.5. Argentina Sales Analysis
           8.6.6. Peru Sales Analysis
           8.6.7. Chile Sales Analysis
           8.6.8. Rest of Latin America Sales Analysis
       8.7. Middle East & Africa Sales Analysis
           8.7.1. Overview, Historic and Forecast Data  Sales Analysis
           8.7.2. Middle East & Africa by Segment Sales Analysis
           8.7.3. Middle East & Africa by Country Sales Analysis
           8.7.4. Saudi Arabia Sales Analysis
           8.7.5. UAE Sales Analysis
           8.7.6. Israel Sales Analysis
           8.7.7. South Africa Sales Analysis
           8.7.8. Rest Of Middle East And Africa Sales Analysis
 
9 . COMPETITIVE LANDSCAPE OF THE BLACK SOLDIER FLY COMPANIES
       9.1. Black Soldier Fly Market Competition
       9.2. Partnership/Collaboration/Agreement
       9.3. Merger And Acquisitions
       9.4. New Product Launch
       9.5. Other Developments
 
10 . COMPANY PROFILES OF BLACK SOLDIER FLY INDUSTRY
       10.1. Top Companies Market Share Analysis
       10.2. Market Concentration Rate
       10.3. AgriProtein (A Part of Insect Technology Group) (England)
           10.3.1. Company Overview
           10.3.2. Company Revenue
           10.3.3. Products
           10.3.4. Recent Developments
       10.4. Protix B.V. (Netherlands)
           10.4.1. Company Overview
           10.4.2. Company Revenue
           10.4.3. Products
           10.4.4. Recent Developments
       10.5. Enterra Feed Corporation (Canada)
           10.5.1. Company Overview
           10.5.2. Company Revenue
           10.5.3. Products
           10.5.4. Recent Developments
       10.6. InnovaFeed (France)
           10.6.1. Company Overview
           10.6.2. Company Revenue
           10.6.3. Products
           10.6.4. Recent Developments
       10.7. EnviroFlight LLC (U.S.)
           10.7.1. Company Overview
           10.7.2. Company Revenue
           10.7.3. Products
           10.7.4. Recent Developments
       10.8. Bioflytech (Spain)
           10.8.1. Company Overview
           10.8.2. Company Revenue
           10.8.3. Products
           10.8.4. Recent Developments
       10.9. Entobel Holding PTE. Ltd. (Singapore)
           10.9.1. Company Overview
           10.9.2. Company Revenue
           10.9.3. Products
           10.9.4. Recent Developments
       10.10. Entofood (Malaysia)
           10.10.1. Company Overview
           10.10.2. Company Revenue
           10.10.3. Products
           10.10.4. Recent Developments
       10.11. Sfly (France)
           10.11.1. Company Overview
           10.11.2. Company Revenue
           10.11.3. Products
           10.11.4. Recent Developments
       10.12. Hexafly (Ireland)
           10.12.1. Company Overview
           10.12.2. Company Revenue
           10.12.3. Products
           10.12.4. Recent Developments
       10.13. F4F (Chile)
           10.13.1. Company Overview
           10.13.2. Company Revenue
           10.13.3. Products
           10.13.4. Recent Developments
       10.14. Nutrition Technologies Group (Malaysia)
           10.14.1. Company Overview
           10.14.2. Company Revenue
           10.14.3. Products
           10.14.4. Recent Developments
       10.15. nextProtein (France)
           10.15.1. Company Overview
           10.15.2. Company Revenue
           10.15.3. Products
           10.15.4. Recent Developments
       10.16. Protenga Pte Ltd (Singapore)
           10.16.1. Company Overview
           10.16.2. Company Revenue
           10.16.3. Products
           10.16.4. Recent Developments
 
 *Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies
 
 LIST OF TABLES
 

  •  Market Snapshot
  •  Drivers : Impact Analysis
  •  Restraints : Impact Analysis
  •  List of Raw Material
  •  List of Raw Material Manufactures
  •  List of Potential Buyers
  •  COVID-19 Impact Analysis by Production, Import, Export and Demand
  •  Pre V/S Post COVID-19
  •  Estimated Impact Of The Coronavirus (Covid-19) Epidemic
  •  COVID-19: Micro and Macro Factor Analysis
  •  Analysis by Product Type (Tons and USD MN)
  •  Protein Meal Market Sales by Geography (Tons and USD MN)
  •  Biofertilizers (Frass) Market Sales by Geography (Tons and USD MN)
  •  Whole Dried Larvae Market Sales by Geography (Tons and USD MN)
  •  Larvae Oil Market Sales by Geography (Tons and USD MN)
  •  Others (Live, Larvae, Adult, Cocoon, & Pupa) Market Sales by Geography (Tons and USD MN)
  •  Analysis Market by Application (Tons and USD MN)
  •  Animal Feed Market Sales by Geography (Tons and USD MN)
  •  Agriculture Market Sales by Geography (Tons and USD MN)
  •  Pet Food Market Sales by Geography (Tons and USD MN)
  •  Others Market Sales by Geography (Tons and USD MN)
  •  Global Black Soldier Fly Market Sales by Geography (Tons and USD MN)
  •  North America Market Analysis (Tons and USD MN)
  •  United State Market Analysis (Tons and USD MN)
  •  Canada Market Analysis (Tons and USD MN)
  •  Mexico Market Analysis (Tons and USD MN)
  •  Europe Market Analysis (Tons and USD MN)
  •  Europe Market Estimate by Country (Tons and USD MN)
  •  United Kingdom Market Analysis (Tons and USD MN)
  •  France Market Analysis (Tons and USD MN)
  •  Germany Market Analysis (Tons and USD MN)
  •  Italy Market Analysis (Tons and USD MN)
  •  Russia Market Analysis (Tons and USD MN)
  •  Spain Market Analysis (Tons and USD MN)
  •  Rest of Europe Market Analysis (Tons and USD MN)
  •  Asia Pacific Market Analysis (Tons and USD MN)
  •  China Market Analysis (Tons and USD MN)
  •  Japan Market Analysis (Tons and USD MN)
  •  India Market Analysis (Tons and USD MN)
  •  South Korea Market Analysis (Tons and USD MN)
  •  Australia Market Analysis (Tons and USD MN)
  •  Rest of Asia Pacific Market Analysis (Tons and USD MN)
  •  Latin America Market Analysis (Tons and USD MN)
  •  Brazil Market Analysis (Tons and USD MN)
  •  Argentina Market Analysis (Tons and USD MN)
  •  Peru Market Analysis (Tons and USD MN)
  •  Chile Market Analysis (Tons and USD MN)
  •  Rest of Latin America Market Analysis (Tons and USD MN)
  •  Middle East & Africa Market Analysis (Tons and USD MN)
  •  Saudi Arabia Market Analysis (Tons and USD MN)
  •  UAE Market Analysis (Tons and USD MN)
  •  Israel Market Analysis (Tons and USD MN)
  •  South Africa Market Analysis (Tons and USD MN)
  •  Rest of Middle East and Africa Market Analysis (Tons and USD MN)
  •  Partnership/Collaboration/Agreement
  •  Mergers And Acquisition
 
 LIST OF FIGURES
 
  •  Research Scope of Black Soldier Fly Report
  •  Market Research Process
  •  Market Research Methodology
  •  Global Black Soldier Fly Market Size, by Region (Tons and USD MN)
  •  Porters Five Forces Analysis
  •  Market Attractiveness Analysis by Product Type
  •  Market Attractiveness Analysis by Application
  •  Market Attractiveness Analysis by Region
  •  Value Chain Analysis
  •  Global Market Analysis by Product Type (Tons and USD MN)
  •  Protein Meal Market Sales by Geography (Tons and USD MN)
  •  Biofertilizers (Frass) Market Sales by Geography (Tons and USD MN)
  •  Whole Dried Larvae Market Sales by Geography (Tons and USD MN)
  •  Larvae Oil Market Sales by Geography (Tons and USD MN)
  •  Others (Live, Larvae, Adult, Cocoon, & Pupa) Market Sales by Geography (Tons and USD MN)
  •  Global Market Analysis by Application (Tons and USD MN)
  •  Animal Feed Market Sales by Geography (Tons and USD MN)
  •  Agriculture Market Sales by Geography (Tons and USD MN)
  •  Pet Food Market Sales by Geography (Tons and USD MN)
  •  Others Market Sales by Geography (Tons and USD MN)
  •  Global Market Sales (Tons and USD MN)
  •  North America Market Sales (Tons and USD MN)
  •  Europe Market Sales (Tons and USD MN)
  •  Asia Pacific Market Sales (Tons and USD MN)
  •  Latin America Market Sales (Tons and USD MN)
  •  Middle East & Africa Market Sales (Tons and USD MN)
  •  Recent Development in Industry
  •  Top Companies Market Share Analysis
 
 * Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.

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