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Black Soldier Fly Products Global Market Insights 2025, Analysis and Forecast to 2030, by Market Participants, Regions, Technology, Application, Product Type

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    Report

  • 90 Pages
  • January 2025
  • Region: Global
  • Prof Research
  • ID: 6014018
The Black Soldier Fly (BSF) products market has been witnessing significant growth due to increasing environmental concerns and the demand for sustainable agricultural practices. The BSF, scientifically known as Hermetia illucens, is recognized for its ability to convert organic waste into valuable protein, oil, and fertilizers. As the global population continues to rise, the necessity for efficient waste management and food production solutions underscores the relevance of this market.

Market Size and Growth

As of 2023, the global Black Soldier Fly products market is valued at approximately $1.1 billion, with an expected compound annual growth rate (CAGR) of 8.5% from 2024 to 2029. This growth is propelled by advances in insect farming technology, increasing investments in research and development, and a rising awareness of protein replacement trends in animal agriculture. The market is projected to reach around $1.76 billion by 2029.

Market Share & Trends Analysis

The Black Soldier Fly products market can be segmented by product type, process, application, end-use, and region. Below is a detailed analysis of these segments:

By Product Type

The primary segments within the Black Soldier Fly products market include:
  • Black Soldier Fly Feed: This segment occupies the largest share due to its application in livestock feed, aquaculture, and pet food. The feed segment is anticipated to account for about 55% of the total market share by 2029.
  • Black Soldier Fly Fertilizer: With a market share of approximately 30%, the demand for organic fertilizers made from BSF waste is on the rise due to the shift towards organic farming.
  • Black Soldier Fly Oil: This sector is relatively smaller but is expected to grow significantly, driven by interest in natural oils for various industrial applications.
  • Others: This category includes miscellaneous products derived from BSF and is projected to constitute around 10% of the market.

By Key Players

Key market players in the Black Soldier Fly products arena include:
  • Next Protein
  • Innova
  • Envirofight
  • Protix
  • Lifeorigin
  • Nutrition Technologies
  • Nasekomo
  • Circabio
  • Goterra
  • Beta Bugs
  • Ressect
These companies are focusing on expanding their market footprint through innovative product development and strategic partnerships.

By Process

The processing methods involved in the BSF products market are primarily:
  • In-House Production: Many agricultural and feed companies are increasingly adopting in-house BSF farming to ensure a steady supply of protein-rich feed and fertilizers.
  • Outsourced Production: Outsourcing BSF production is a growing trend, particularly for companies looking to capitalize on existing relationships with suppliers for organic waste conversion.

By Application

The applications of BSF products cover various sectors:
  • Crop Farming: Fertilizer produced from BSF is gaining traction in crop production, expected to grow by roughly 9% CAGR due to the demand for organic inputs.
  • Aquaculture: The aquaculture sector is projected to increase its usage of BSF feed by about 10% annually as fish farmers seek sustainable feed alternatives.
  • Pet Food: With rising pet ownership, the pet food segment shows potential growth, estimated at 8% CAGR.
  • Others: This includes various applications in areas like bioplastics and cosmetics, making up a small segment but with a significant growth trajectory.

By End-Use

The end-use segments in the market comprise:
  • Agriculture: Account for around 50% of the market due to diverse applications ranging from crops to livestock.
  • Food Industry: This includes innovative food products and animal feed, expected to see healthy growth.
  • Animal Feed: The largest end-user segment, facilitating sustainable livestock farming.
  • Others: Represents a growing niche for non-agricultural applications.

By Region

Geographically, the Black Soldier Fly products market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
  • North America: Currently the leading region with a market share around 35%, driven by technological advancements and high demand for organic feed.
  • Europe: Estimated to hold about 30% of the market, with countries like the Netherlands taking the lead in BSF production.
  • Asia-Pacific: Expected to witness the highest growth of approximately 9% CAGR, spurred by rising agriculture practices and aquaculture expansion.
  • Latin America and Middle East & Africa: Emerging markets with significant growth potential, particularly in sustainable waste management applications.

Market News on Policy and Companies

Recent governmental policies across various nations promoting sustainable agriculture and waste management have positively affected the BSF products market. The European Union's Green Deal is advocating for circular economy initiatives that encourage the use of insect-derived products. This shift is further reinforced by rising investments in large-scale BSF farming operations.

In North America, initiatives from the USDA aimed at promoting alternative protein sources are gaining momentum, thereby enhancing the stance of BSF as a viable option. Companies are adapting to these regulations, investing in more sustainable and efficient production practices, and increasing transparency throughout their supply chains.

Segment Forecasts: 2024 - 2029

As the market evolves, several forecasts suggest robust growth across all segments:
  • Feed Segment: Expected to maintain its dominance, with a predicted growth rate of 8-10% CAGR as demand for sustainable animal feed swells.
  • Fertilizer Segment: Anticipated to expand by about 6-8%, driven by the global shift towards organic farming practices.
  • Oil Segment: Projected to grow at 9-11%, particularly as industries look for sustainable oil sources.
  • Emerging Applications: Growth of approximately 10% CAGR as research into alternative uses of BSF continues.

Conclusion

In summary, the Black Soldier Fly products market is well-positioned for growth in the coming years. With increasing global demands for sustainability and innovative agricultural practices, key players are continuously enhancing their production processes and diversifying their product lines. As consumers and industries alike gravitate towards greener alternatives, the future of the BSF products market looks promising, highlighting its potential as a linchpin in global food production and waste management strategies.

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Table of Contents

Chapter 1 Executive SummaryChapter 2 Abbreviation and Acronyms
Chapter 3 Preface
3.1 Research Scope
3.2 Research Sources
3.2.1 Data Sources
3.2.2 Assumptions
3.3 Research Method
Chapter 4 Market Landscape
4.1 Market Overview
4.2 Classification/Types
4.3 Application/End Users
Chapter 5 Market Trend Analysis
5.1 Introduction
5.2 Drivers
5.3 Restraints
5.4 Opportunities
5.5 Threats
Chapter 6 Industry Chain Analysis
6.1 Upstream/Suppliers Analysis
6.2 Black Soldier Fly Products Analysis
6.2.1 Technology Analysis
6.2.2 Cost Analysis
6.2.3 Market Channel Analysis
6.3 Downstream Buyers/End Users
Chapter 7 Latest Market Dynamics
7.1 Latest News
7.2 Merger and Acquisition
7.3 Planned/Future Project
7.4 Policy Dynamics
Chapter 8 Historical and Forecast Black Soldier Fly Products Market in North America (2020-2030)
8.1 Black Soldier Fly Products Market Size
8.2 Black Soldier Fly Products Market by End Use
8.3 Competition by Players/Suppliers
8.4 Black Soldier Fly Products Market Size by Type
8.5 Key Countries Analysis
8.5.1 United States
8.5.2 Canada
8.5.3 Mexico
Chapter 9 Historical and Forecast Black Soldier Fly Products Market in South America (2020-2030)
9.1 Black Soldier Fly Products Market Size
9.2 Black Soldier Fly Products Market by End Use
9.3 Competition by Players/Suppliers
9.4 Black Soldier Fly Products Market Size by Type
9.5 Key Countries Analysis
9.5.1 Brazil
9.5.2 Argentina
9.5.3 Chile
9.5.4 Peru
Chapter 10 Historical and Forecast Black Soldier Fly Products Market in Asia & Pacific (2020-2030)
10.1 Black Soldier Fly Products Market Size
10.2 Black Soldier Fly Products Market by End Use
10.3 Competition by Players/Suppliers
10.4 Black Soldier Fly Products Market Size by Type
10.5 Key Countries Analysis
10.5.1 China
10.5.2 India
10.5.3 Japan
10.5.4 South Korea
10.5.5 Southeast Asia
10.5.6 Australia
Chapter 11 Historical and Forecast Black Soldier Fly Products Market in Europe (2020-2030)
11.1 Black Soldier Fly Products Market Size
11.2 Black Soldier Fly Products Market by End Use
11.3 Competition by Players/Suppliers
11.4 Black Soldier Fly Products Market Size by Type
11.5 Key Countries Analysis
11.5.1 Germany
11.5.2 France
11.5.3 United Kingdom
11.5.4 Italy
11.5.5 Spain
11.5.6 Belgium
11.5.7 Netherlands
11.5.8 Austria
11.5.9 Poland
11.5.10 Russia
Chapter 12 Historical and Forecast Black Soldier Fly Products Market in MEA (2020-2030)
12.1 Black Soldier Fly Products Market Size
12.2 Black Soldier Fly Products Market by End Use
12.3 Competition by Players/Suppliers
12.4 Black Soldier Fly Products Market Size by Type
12.5 Key Countries Analysis
12.5.1 Egypt
12.5.2 Israel
12.5.3 South Africa
12.5.4 Gulf Cooperation Council Countries
12.5.5 Turkey
Chapter 13 Summary For Global Black Soldier Fly Products Market (2020-2025)
13.1 Black Soldier Fly Products Market Size
13.2 Black Soldier Fly Products Market by End Use
13.3 Competition by Players/Suppliers
13.4 Black Soldier Fly Products Market Size by Type
Chapter 14 Global Black Soldier Fly Products Market Forecast (2025-2030)
14.1 Black Soldier Fly Products Market Size Forecast
14.2 Black Soldier Fly Products Application Forecast
14.3 Competition by Players/Suppliers
14.4 Black Soldier Fly Products Type Forecast
Chapter 15 Analysis of Global Key Vendors
15.1 Next Protein
15.1.1 Company Profile
15.1.2 Main Business and Black Soldier Fly Products Information
15.1.3 SWOT Analysis of Next Protein
15.1.4 Next Protein Black Soldier Fly Products Revenue, Gross Margin and Market Share (2020-2025)
15.2 Innova
15.2.1 Company Profile
15.2.2 Main Business and Black Soldier Fly Products Information
15.2.3 SWOT Analysis of Innova
15.2.4 Innova Black Soldier Fly Products Revenue, Gross Margin and Market Share (2020-2025)
15.3 Envirofight
15.3.1 Company Profile
15.3.2 Main Business and Black Soldier Fly Products Information
15.3.3 SWOT Analysis of Envirofight
15.3.4 Envirofight Black Soldier Fly Products Revenue, Gross Margin and Market Share (2020-2025)
15.4 nextProtein
15.4.1 Company Profile
15.4.2 Main Business and Black Soldier Fly Products Information
15.4.3 SWOT Analysis of nextProtein
15.4.4 nextProtein Black Soldier Fly Products Revenue, Gross Margin and Market Share (2020-2025)
15.5 Protix
15.5.1 Company Profile
15.5.2 Main Business and Black Soldier Fly Products Information
15.5.3 SWOT Analysis of Protix
15.5.4 Protix Black Soldier Fly Products Revenue, Gross Margin and Market Share (2020-2025)
15.6 Lifeorigin
15.6.1 Company Profile
15.6.2 Main Business and Black Soldier Fly Products Information
15.6.3 SWOT Analysis of Lifeorigin
15.6.4 Lifeorigin Black Soldier Fly Products Revenue, Gross Margin and Market Share (2020-2025)
15.7 Nutrition-Technologies
15.7.1 Company Profile
15.7.2 Main Business and Black Soldier Fly Products Information
15.7.3 SWOT Analysis of Nutrition-Technologies
15.7.4 Nutrition-Technologies Black Soldier Fly Products Revenue, Gross Margin and Market Share (2020-2025)
15.8 Nasekomo
15.8.1 Company Profile
15.8.2 Main Business and Black Soldier Fly Products Information
15.8.3 SWOT Analysis of Nasekomo
15.8.4 Nasekomo Black Soldier Fly Products Revenue, Gross Margin and Market Share (2020-2025)
15.9 Circabio
15.9.1 Company Profile
15.9.2 Main Business and Black Soldier Fly Products Information
15.9.3 SWOT Analysis of Circabio
15.9.4 Circabio Black Soldier Fly Products Revenue, Gross Margin and Market Share (2020-2025)
15.10 Goterra
15.10.1 Company Profile
15.10.2 Main Business and Black Soldier Fly Products Information
15.10.3 SWOT Analysis of Goterra
15.10.4 Goterra Black Soldier Fly Products Revenue, Gross Margin and Market Share (2020-2025)
15.11 Beta Bugs
15.11.1 Company Profile
15.11.2 Main Business and Black Soldier Fly Products Information
15.11.3 SWOT Analysis of Beta Bugs
15.11.4 Beta Bugs Black Soldier Fly Products Revenue, Gross Margin and Market Share (2020-2025)
15.12 Ressect
15.12.1 Company Profile
15.12.2 Main Business and Black Soldier Fly Products Information
15.12.3 SWOT Analysis of Ressect
15.12.4 Ressect Black Soldier Fly Products Revenue, Gross Margin and Market Share (2020-2025)
List of Tables and Figures
Table Abbreviation and Acronyms
Table Research Scope of Black Soldier Fly Products Report
Table Data Sources of Black Soldier Fly Products Report
Table Major Assumptions of Black Soldier Fly Products Report
Figure Market Size Estimated Method
Figure Major Forecasting Factors
Figure Black Soldier Fly Products Picture
Table Black Soldier Fly Products Classification
Table Black Soldier Fly Products Applications
Table Drivers of Black Soldier Fly Products Market
Table Restraints of Black Soldier Fly Products Market
Table Opportunities of Black Soldier Fly Products Market
Table Threats of Black Soldier Fly Products Market
Table COVID-19 Impact For Black Soldier Fly Products Market
Table Raw Materials Suppliers
Table Different Production Methods of Black Soldier Fly Products
Table Cost Structure Analysis of Black Soldier Fly Products
Table Key End Users
Table Latest News of Black Soldier Fly Products Market
Table Merger and Acquisition
Table Planned/Future Project of Black Soldier Fly Products Market
Table Policy of Black Soldier Fly Products Market
Table 2020-2030 North America Black Soldier Fly Products Market Size
Figure 2020-2030 North America Black Soldier Fly Products Market Size and CAGR
Table 2020-2030 North America Black Soldier Fly Products Market Size by Application
Table 2020-2025 North America Black Soldier Fly Products Key Players Revenue
Table 2020-2025 North America Black Soldier Fly Products Key Players Market Share
Table 2020-2030 North America Black Soldier Fly Products Market Size by Type
Table 2020-2030 United States Black Soldier Fly Products Market Size
Table 2020-2030 Canada Black Soldier Fly Products Market Size
Table 2020-2030 Mexico Black Soldier Fly Products Market Size
Table 2020-2030 South America Black Soldier Fly Products Market Size
Figure 2020-2030 South America Black Soldier Fly Products Market Size and CAGR
Table 2020-2030 South America Black Soldier Fly Products Market Size by Application
Table 2020-2025 South America Black Soldier Fly Products Key Players Revenue
Table 2020-2025 South America Black Soldier Fly Products Key Players Market Share
Table 2020-2030 South America Black Soldier Fly Products Market Size by Type
Table 2020-2030 Brazil Black Soldier Fly Products Market Size
Table 2020-2030 Argentina Black Soldier Fly Products Market Size
Table 2020-2030 Chile Black Soldier Fly Products Market Size
Table 2020-2030 Peru Black Soldier Fly Products Market Size
Table 2020-2030 Asia & Pacific Black Soldier Fly Products Market Size
Figure 2020-2030 Asia & Pacific Black Soldier Fly Products Market Size and CAGR
Table 2020-2030 Asia & Pacific Black Soldier Fly Products Market Size by Application
Table 2020-2025 Asia & Pacific Black Soldier Fly Products Key Players Revenue
Table 2020-2025 Asia & Pacific Black Soldier Fly Products Key Players Market Share
Table 2020-2030 Asia & Pacific Black Soldier Fly Products Market Size by Type
Table 2020-2030 China Black Soldier Fly Products Market Size
Table 2020-2030 India Black Soldier Fly Products Market Size
Table 2020-2030 Japan Black Soldier Fly Products Market Size
Table 2020-2030 South Korea Black Soldier Fly Products Market Size
Table 2020-2030 Southeast Asia Black Soldier Fly Products Market Size
Table 2020-2030 Australia Black Soldier Fly Products Market Size
Table 2020-2030 Europe Black Soldier Fly Products Market Size
Figure 2020-2030 Europe Black Soldier Fly Products Market Size and CAGR
Table 2020-2030 Europe Black Soldier Fly Products Market Size by Application
Table 2020-2025 Europe Black Soldier Fly Products Key Players Revenue
Table 2020-2025 Europe Black Soldier Fly Products Key Players Market Share
Table 2020-2030 Europe Black Soldier Fly Products Market Size by Type
Table 2020-2030 Germany Black Soldier Fly Products Market Size
Table 2020-2030 France Black Soldier Fly Products Market Size
Table 2020-2030 United Kingdom Black Soldier Fly Products Market Size
Table 2020-2030 Italy Black Soldier Fly Products Market Size
Table 2020-2030 Spain Black Soldier Fly Products Market Size
Table 2020-2030 Belgium Black Soldier Fly Products Market Size
Table 2020-2030 Netherlands Black Soldier Fly Products Market Size
Table 2020-2030 Austria Black Soldier Fly Products Market Size
Table 2020-2030 Poland Black Soldier Fly Products Market Size
Table 2020-2030 Russia Black Soldier Fly Products Market Size
Table 2020-2030 MEA Black Soldier Fly Products Market Size
Figure 2020-2030 MEA Black Soldier Fly Products Market Size and CAGR
Table 2020-2030 MEA Black Soldier Fly Products Market Size by Application
Table 2020-2025 MEA Black Soldier Fly Products Key Players Revenue
Table 2020-2025 MEA Black Soldier Fly Products Key Players Market Share
Table 2020-2030 MEA Black Soldier Fly Products Market Size by Type
Table 2020-2030 Egypt Black Soldier Fly Products Market Size
Table 2020-2030 Israel Black Soldier Fly Products Market Size
Table 2020-2030 South Africa Black Soldier Fly Products Market Size
Table 2020-2030 Gulf Cooperation Council Countries Black Soldier Fly Products Market Size
Table 2020-2030 Turkey Black Soldier Fly Products Market Size
Table 2020-2025 Global Black Soldier Fly Products Market Size by Region
Table 2020-2025 Global Black Soldier Fly Products Market Size Share by Region
Table 2020-2025 Global Black Soldier Fly Products Market Size by Application
Table 2020-2025 Global Black Soldier Fly Products Market Share by Application
Table 2020-2025 Global Black Soldier Fly Products Key Vendors Revenue
Figure 2020-2025 Global Black Soldier Fly Products Market Size and Growth Rate
Table 2020-2025 Global Black Soldier Fly Products Key Vendors Market Share
Table 2020-2025 Global Black Soldier Fly Products Market Size by Type
Table 2020-2025 Global Black Soldier Fly Products Market Share by Type
Table 2025-2030 Global Black Soldier Fly Products Market Size by Region
Table 2025-2030 Global Black Soldier Fly Products Market Size Share by Region
Table 2025-2030 Global Black Soldier Fly Products Market Size by Application
Table 2025-2030 Global Black Soldier Fly Products Market Share by Application
Table 2025-2030 Global Black Soldier Fly Products Key Vendors Revenue
Figure 2025-2030 Global Black Soldier Fly Products Market Size and Growth Rate
Table 2025-2030 Global Black Soldier Fly Products Key Vendors Market Share
Table 2025-2030 Global Black Soldier Fly Products Market Size by Type
Table 2025-2030 Black Soldier Fly Products Global Market Share by Type

Companies Mentioned

  • Next Protein
  • Innova
  • Envirofight
  • nextProtein
  • Protix
  • Lifeorigin
  • Nutrition-Technologies
  • Nasekomo
  • Circabio
  • Goterra
  • Beta Bugs
  • Ressect