Black Soldier Fly Market Developments by 2031
The black soldier fly is one of the most studied insect species in this regard. Black soldier flies act as the waster converter for the feed industry. The BSF can efficiently convert these substrates in high quality nutrients like proteins, lipid, and minerals. The demand for black soldier fly is rising with increase in diverse application bases, which is expected to promote the demand for black soldier fly in global market.
MARKET DYNAMICS
The black soldier fly market has witnessed a significant growth owing to factors such as expanding aquaculture industry. Moreover, positive government approach to promote insect meal in livestock feed is considered a huge market opportunity for the key players operating in the black soldier fly market. However, limited knowledge is projected to hamper the overall growth of the Black Soldier Fly market.
MARKET SCOPE
The "Global Black Soldier Fly Market Analysis to 2031" is a specialized and in-depth study of the Food and Beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the black soldier fly market with detailed market segmentation by product type and application and geography. The global black soldier fly market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading black soldier fly market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global black soldier fly market is segmented on the basis of product type and application. On the basis of product type, the black soldier fly market is segmented into protein meal, biofertilizers (frass), whole dried larvae, larvae oil and others. Based on application, the global black soldier fly market is divided animal feed, agriculture, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Black Soldier Fly market based on various segments. It also provides marketsize and forecast estimates from the year 2021to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Black Soldier Fly market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the Black Soldier Fly market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Black Soldier Fly market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Black Soldier Fly market based on various segments. It also provides marketsize and forecast estimates from the year 2021to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Black Soldier Fly market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the Black Soldier Fly market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Black Soldier Fly market in these regions.
MARKET PLAYERS
The reports cover key developments in the Black Soldier Fly market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The marketpayers fromBlack Soldier Fly market is anticipated to lucrative growth opportunities in the future with the rising demand for Black Soldier Fly in the global market. Below mentioned is the list of few companies engaged in the Black Soldier Fly market.
The report also includes the profiles of key companies along with their SWOT analysis and marketstrategies in the Black Soldier Fly market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- AgriProtein
- Protix B.V.
- Enterra Feed Corporation
- InnovaFeed
- EnviroFlight LLC
- Bioflytech
- Entobel Holding PTE. Ltd.
- Entofood
- Sfly
- Hexafly
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Black Soldier Fly Market - By Product Type
1.3.2 Black Soldier Fly Market - By Application
1.3.3 Black Soldier Fly Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. BLACK SOLDIER FLY MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. BLACK SOLDIER FLY MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. BLACK SOLDIER FLY MARKET - GLOBAL MARKET ANALYSIS
6.1. BLACK SOLDIER FLY - GLOBAL MARKET OVERVIEW
6.2. BLACK SOLDIER FLY - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. BLACK SOLDIER FLY MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. PROTEIN MEAL
7.3.1. Overview
7.3.2. Protein Meal Market Forecast and Analysis
7.4. BIOFERTILIZERS (FRASS)
7.4.1. Overview
7.4.2. Biofertilizers (Frass) Market Forecast and Analysis
7.5. WHOLE DRIED LARVAE
7.5.1. Overview
7.5.2. Whole Dried Larvae Market Forecast and Analysis
7.6. LARVAE OIL
7.6.1. Overview
7.6.2. Larvae Oil Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. BLACK SOLDIER FLY MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. ANIMAL FEED
8.3.1. Overview
8.3.2. Animal Feed Market Forecast and Analysis
8.4. AGRICULTURE
8.4.1. Overview
8.4.2. Agriculture Market Forecast and Analysis
8.5. OTHERS
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis
9. BLACK SOLDIER FLY MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Black Soldier Fly Market Overview
9.1.2 North America Black Soldier Fly Market Forecasts and Analysis
9.1.3 North America Black Soldier Fly Market Forecasts and Analysis - By Product Type
9.1.4 North America Black Soldier Fly Market Forecasts and Analysis - By Application
9.1.5 North America Black Soldier Fly Market Forecasts and Analysis - By Countries
9.1.5.1 United States Black Soldier Fly Market
9.1.5.1.1 United States Black Soldier Fly Market by Product Type
9.1.5.1.2 United States Black Soldier Fly Market by Application
9.1.5.2 Canada Black Soldier Fly Market
9.1.5.2.1 Canada Black Soldier Fly Market by Product Type
9.1.5.2.2 Canada Black Soldier Fly Market by Application
9.1.5.3 Mexico Black Soldier Fly Market
9.1.5.3.1 Mexico Black Soldier Fly Market by Product Type
9.1.5.3.2 Mexico Black Soldier Fly Market by Application
9.2. EUROPE
9.2.1 Europe Black Soldier Fly Market Overview
9.2.2 Europe Black Soldier Fly Market Forecasts and Analysis
9.2.3 Europe Black Soldier Fly Market Forecasts and Analysis - By Product Type
9.2.4 Europe Black Soldier Fly Market Forecasts and Analysis - By Application
9.2.5 Europe Black Soldier Fly Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Black Soldier Fly Market
9.2.5.1.1 Germany Black Soldier Fly Market by Product Type
9.2.5.1.2 Germany Black Soldier Fly Market by Application
9.2.5.2 France Black Soldier Fly Market
9.2.5.2.1 France Black Soldier Fly Market by Product Type
9.2.5.2.2 France Black Soldier Fly Market by Application
9.2.5.3 Italy Black Soldier Fly Market
9.2.5.3.1 Italy Black Soldier Fly Market by Product Type
9.2.5.3.2 Italy Black Soldier Fly Market by Application
9.2.5.4 United Kingdom Black Soldier Fly Market
9.2.5.4.1 United Kingdom Black Soldier Fly Market by Product Type
9.2.5.4.2 United Kingdom Black Soldier Fly Market by Application
9.2.5.5 Russia Black Soldier Fly Market
9.2.5.5.1 Russia Black Soldier Fly Market by Product Type
9.2.5.5.2 Russia Black Soldier Fly Market by Application
9.2.5.6 Rest of Europe Black Soldier Fly Market
9.2.5.6.1 Rest of Europe Black Soldier Fly Market by Product Type
9.2.5.6.2 Rest of Europe Black Soldier Fly Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Black Soldier Fly Market Overview
9.3.2 Asia-Pacific Black Soldier Fly Market Forecasts and Analysis
9.3.3 Asia-Pacific Black Soldier Fly Market Forecasts and Analysis - By Product Type
9.3.4 Asia-Pacific Black Soldier Fly Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Black Soldier Fly Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Black Soldier Fly Market
9.3.5.1.1 Australia Black Soldier Fly Market by Product Type
9.3.5.1.2 Australia Black Soldier Fly Market by Application
9.3.5.2 China Black Soldier Fly Market
9.3.5.2.1 China Black Soldier Fly Market by Product Type
9.3.5.2.2 China Black Soldier Fly Market by Application
9.3.5.3 India Black Soldier Fly Market
9.3.5.3.1 India Black Soldier Fly Market by Product Type
9.3.5.3.2 India Black Soldier Fly Market by Application
9.3.5.4 Japan Black Soldier Fly Market
9.3.5.4.1 Japan Black Soldier Fly Market by Product Type
9.3.5.4.2 Japan Black Soldier Fly Market by Application
9.3.5.5 South Korea Black Soldier Fly Market
9.3.5.5.1 South Korea Black Soldier Fly Market by Product Type
9.3.5.5.2 South Korea Black Soldier Fly Market by Application
9.3.5.6 Rest of Asia-Pacific Black Soldier Fly Market
9.3.5.6.1 Rest of Asia-Pacific Black Soldier Fly Market by Product Type
9.3.5.6.2 Rest of Asia-Pacific Black Soldier Fly Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Black Soldier Fly Market Overview
9.4.2 Middle East and Africa Black Soldier Fly Market Forecasts and Analysis
9.4.3 Middle East and Africa Black Soldier Fly Market Forecasts and Analysis - By Product Type
9.4.4 Middle East and Africa Black Soldier Fly Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Black Soldier Fly Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Black Soldier Fly Market
9.4.5.1.1 South Africa Black Soldier Fly Market by Product Type
9.4.5.1.2 South Africa Black Soldier Fly Market by Application
9.4.5.2 Saudi Arabia Black Soldier Fly Market
9.4.5.2.1 Saudi Arabia Black Soldier Fly Market by Product Type
9.4.5.2.2 Saudi Arabia Black Soldier Fly Market by Application
9.4.5.3 U.A.E Black Soldier Fly Market
9.4.5.3.1 U.A.E Black Soldier Fly Market by Product Type
9.4.5.3.2 U.A.E Black Soldier Fly Market by Application
9.4.5.4 Rest of Middle East and Africa Black Soldier Fly Market
9.4.5.4.1 Rest of Middle East and Africa Black Soldier Fly Market by Product Type
9.4.5.4.2 Rest of Middle East and Africa Black Soldier Fly Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Black Soldier Fly Market Overview
9.5.2 South and Central America Black Soldier Fly Market Forecasts and Analysis
9.5.3 South and Central America Black Soldier Fly Market Forecasts and Analysis - By Product Type
9.5.4 South and Central America Black Soldier Fly Market Forecasts and Analysis - By Application
9.5.5 South and Central America Black Soldier Fly Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Black Soldier Fly Market
9.5.5.1.1 Brazil Black Soldier Fly Market by Product Type
9.5.5.1.2 Brazil Black Soldier Fly Market by Application
9.5.5.2 Argentina Black Soldier Fly Market
9.5.5.2.1 Argentina Black Soldier Fly Market by Product Type
9.5.5.2.2 Argentina Black Soldier Fly Market by Application
9.5.5.3 Rest of South and Central America Black Soldier Fly Market
9.5.5.3.1 Rest of South and Central America Black Soldier Fly Market by Product Type
9.5.5.3.2 Rest of South and Central America Black Soldier Fly Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. BLACK SOLDIER FLY MARKET, KEY COMPANY PROFILES
11.1. AGRIPROTEIN
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. PROTIX B.V.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. ENTERRA FEED CORPORATION
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. INNOVAFEED
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. ENVIROFLIGHT LLC
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. BIOFLYTECH
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. ENTOBEL HOLDING PTE. LTD.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. ENTOFOOD
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SFLY
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. HEXAFLY
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. AgriProtein
2. Protix B.V.
3. Enterra Feed Corporation
4. InnovaFeed
5. EnviroFlight LLC
6. Bioflytech
7. Entobel Holding PTE. Ltd.
8. Entofood
9. Sfly
10. Hexafly
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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