The Insect Fertilizers Market is expected to reach $319.7 million by 2029, at a CAGR of 24.3% from 2022 to 2029. The growth of this market is attributed to factors such as the growth in the organic food industry, the growing awareness about the use of insects to convert waste into organic fertilizer, and the increasing production of waste from the restaurant, agriculture, and food & beverage industries.
In addition, market expansions in emerging and developed companies are expected to provide lucrative opportunities for players operating in this market. However, a non-standardized regulatory framework across the globe and lack of awareness & low adoption rate of insect fertilizers are expected to hinder the growth of this market to a notable extent.
Increasing Use of BSF Frass in Agricultural Practices Fuels the Growth of the Insect Fertilizers Market
Intensive crop production requires many fertilizer inputs, which are expensive and inaccessible to some farmers, especially in low to middle-income countries. Furthermore, the production of mineral fertilizers is energy-consuming, and their use in farming is increasingly being regarded as unsustainable. Therefore, exploring the black soldier fly as a novel fertilizer offers significant benefits to farmers.
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A study published by the Frontiers Organization shows that the use of black soldier fly frass fertilizers increased maize plant height, chlorophyll concentration, and nitrogen and phosphorus uptake in farms.
Municipal solid waste management is a major issue in urban governance due to the effects of solid waste on environmental health. This is especially prevalent in developing countries due to inadequate infrastructure and technical inefficiencies. According to the World Bank Organization, in 2020, about 50% of the world population lived in cities and generated more than 3 million metric tons of waste (including household items, food waste, and packaging) daily.
By 2025, this number is expected to double. Thus, BSFL has the potential to convert food waste into high-quality fertilizers. The benefits offered by black soldier fly frass fertilizers in agriculture, and the increasing production of wastes are expected to increase the growth of the BSF frass fertilizers market.
Based on geography, in 2022, Europe is expected to account for the largest share of the insect fertilizers market. The market growth in Europe is mainly attributed to the high demand for organic fertilizer, the large supply of waste, including pre-consumer food waste from agriculture and food & beverage sectors, the presence of key insect fertilizer manufacturers, and the increasing demand for chemical fertilizers alternatives.
Key Players
The key players operating in the insect fertilizers market are Ÿnsect (SAS) (France), Protix B.V. (Netherlands), Enterra Feed Corporation (Canada), InnovaFeed (France), EnviroFlight, LLC (U.S.), Nutrition Technologies Group (Singapore), Entomo Farms (Canada), BioflyTech (Spain), nextProtein (France), Hexafly (Ireland), and Protenga Pte. Ltd. (Singapore).
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Scope of the Report:
Insect Fertilizers Market, by Insect Type
- Black Soldier Flies
- Mealworms
- Crickets
- Buffalo Worms
- Grasshoppers
- Ants
- Silkworms
- Cicadas
- Other Insects
Insect Fertilizers Market, by Application
- Cereals & Grains
- Fruits & Vegetables
- Other Applications
Key questions answered in the report-
- Which are the high-growth market segments in terms of insect type, application, and country/region?
- What is the historical market for insect fertilizers across the globe?
- What are the market forecasts and estimates for the period 2022–2029?
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