MeticulousResearch®_leadingglobalmarketresearchcompanypublisheda researchreport titled, ‘Insect Fertilizers Marketby Insect Type (Black Soldier Flies, Mealworms, Crickets, Buffalo Worms, Grasshoppers,Ants,Silkworms,Cicadas)Application(Fruits&Vegetables),andGeography-Global Forecastto2029.’
Accordingto this latestpublicationfrom MeticulousResearch®,the insectfertilizersmarket isexpectedto reach$319.7millionby2029,ataCAGRof24.3%from2022to2029.Thegrowthofthismarketisattributed tofactorssuchasthegrowthintheorganicfoodindustry,thegrowingawarenessabouttheuseofinsects to convert waste into organic fertilizer, and the increasing production of waste from the restaurant, agriculture,andfood&beverageindustries.
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 acrosstheglobeandlackofawareness&lowadoptionrateofinsectfertilizersareexpectedtohinderthe growthofthismarkettoanotableextent.
The insect fertilizers market is segmented based on insect type (black soldier flies, mealworms, crickets, buffalo worms, grasshoppers, ants, silkworms, cicadas, and other insects), application (cereals & grains, fruits&vegetables,andotherapplications),andgeography.Thestudyalsoevaluatesindustrycompetitors andanalyzesthemarketattheregionalandcountrylevels.
InsectFertilizersMarket,byInsectType
• BlackSoldierFlies
• Mealworms
• Crickets
• BuffaloWorms
• Grasshoppers
• Ants
• Silkworms
• Cicadas
• OtherInsects
InsectFertilizersMarket,byApplication
• Cereals&Grains
• Fruits&Vegetables
• OtherApplications
InsectFertilizersMarket,byGeography
• NorthAmerica o U.S. o Canada
• Europe o Netherlands o Belgium o France o Denmark o Finland o Germany o RestofEurope(RoE)
• Asia-Pacific(APAC) o China o Malaysia o SouthKorea o Vietnam o RestofAsia-Pacific(RoAPAC)
• LatinAmerica
• MiddleEast&Africa
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Basedoninsecttype, in2022,theblacksoldierfliessegmentisexpectedtoaccountforthelargestshare of the insect fertilizers market. BSF fertilizer is a microbially activated organic fertilizer made from insect frassand decomposedorganic biomass. It is a nutrient-rich fertilizer for organic farming andhorticulture, promoting plant growth. The increasing production of waste from restaurants, agriculture, and food & beverage industries;risingurbanizationindevelopingcountries;andgrowingawarenessabouttheuseof black soldier fly larvae to convert waste into organic fertilizer are some of the major factors driving the growthoftheBSFfertilizersmarket.
Based on application,the fruits & vegetable segment is expected to grow at the highest CAGR during theforecastperiod.Therapidgrowthofthissegmentisdrivenbytheincreasingglobalproductionoffruits &vegetables,therisingdemandforchemical-freeorganicfruits&vegetables,andtheincreasingnumber ofdiseasesaffectingfruit&vegetablecrops.
Basedongeography,in2022, Europe isexpectedtoaccountforthe largest shareofthe insectfertilizers market. The market growth in Europe is mainly attributed to the high demand for organic fertilizer, the large supply ofwaste, including pre-consumer food waste from agricultureand food & beverage sectors, the presence of key insect fertilizer manufacturers, and the increasing demand for chemical fertilizers alternatives.
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KeyPlayers
ThekeyplayersoperatingintheinsectfertilizersmarketareŸnsect(SAS)(France),ProtixB.V.(Netherlands), Enterra Feed Corporation (Canada), InnovaFeed (France), EnviroFlight, LLC (U.S.), Nutrition Technologies Group(Singapore),EntomoFarms(Canada),BioflyTech(Spain),nextProtein(France),Hexafly(Ireland),and ProtengaPte.Ltd.(Singapore).
Keyquestionsansweredinthereport-
• Which are the high-growth market segments in terms of insect type, application, and country/region?
• Whatisthehistoricalmarketforinsectfertilizersacrosstheglobe?
• Whatarethemarketforecastsandestimatesfortheperiod2022–2029?
• Whatarethemajordrivers,restraints,andopportunitiesintheglobalinsectfertilizersmarket?
• Whoarethemajorplayersintheglobalmarket,andwhataretheirmarketshares?
• Whoarethemajorplayersinvariouscountries,andwhataretheirmarketshares?
• Howisthecompetitivelandscape?
• Whatrecentdevelopmentshavetakenplaceintheglobalinsectfertilizersmarket?
• Whatarethedifferentstrategiesadoptedbythemajorplayersinthismarket?
• Whatarethekeygeographictrends,andwhicharethehigh-growthcountries?
• Whoarethelocalemergingplayersintheglobalinsectfertilizersmarket,andhowdotheycompete withothermarketplayers?
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