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Europe Black Soldier Fly Market Research Reports Analysis, Recent Developments, Demand, Market Size, Share, Growth, Trends.
The Europe Black Soldier Fly Market research study is a comprehensive report offering premium insights into business size, current trends, drivers, risks, opportunities, and key market segments. The Industry Report provides accurate growth forecasts based on well-founded assumptions. Additionally, drawing on input from industry experts, the report offers actionable insights into the Europe Black Soldier Fly Market’s future development, enabling readers to craft effective strategies. It delivers a thorough analysis of the market’s present needs and future potential. The report includes vital data, statistics, tables, and figures that support strategic planning for business success. It stands out in its ability to equip global investors with critical information to make well-informed market decisions. Utilizing both primary and secondary sources, this report delivers a comprehensive and precise representation of the Europe Black Soldier Fly Market. Key data sources include global regulatory authorities.
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The report starts with a fundamental overview, outlining the definition of the Europe Black Soldier Fly Market business, its scope, and the intended target audience. Following this, the market dynamics are thoroughly analyzed, including key drivers, conditions, opportunities, challenges, technological advancements, and other relevant factors shaping the market
Key Players operating in the Europe black soldier fly market are Protix B.V. (Netherlands), InnovaFeed SAS (France), EnviroFlight, LLC (U.S.), BioflyTech (Spain), nextProtein (France), Hexafly (Ireland), SFly Comgraf SAS (France), and Protenga Pte. Ltd. (Singapore).
Increasing Government Support for the Use of Insect Meal in Livestock Feed
Many government authorities have been mandated to coordinate in promoting the sustainable supply of safe, healthy feed in the global insect feed industry. Some government authorities are supporting the consumption of BSF-based products in animal feed, accelerating the growing demand for BSF products. For instance, in 2017, the European Government approved the use of feed ingredients derived from BSF larvae in aquaculture feed.
Moreover, in August 2021, regulation (EU) 2021/1372 authorized the processing of animal proteins derived from insects in poultry and pig feed. This regulation came into effect in September 2021. The European government legislation prohibits using dead insects or processed insects in feed for chickens and pigs. However, it is allowed to feed live insects, insect oil, or hydrolyzed protein. According to the International Platform of Insects for Food and Feed (IPIFF), the use of insect meals in pigs and poultry feed will be the main focus after the approval of its use in aqua feed. This will create more market opportunities for insect meal producers to enter the huge poultry feed market.
Thus, growing government support to approve the use of insect meal in feed is expected to fuel the growth of the Europe BSF market in the coming years.
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Key Findings in the Europe Black Soldier Fly Market Study:
In 2023, the Protein Meals Segment to Dominate the Europe Black Soldier Fly Market
Based on product, the Europe black soldier fly market is segmented into protein meals, whole dried larvae, biofertilizers (frass), larvae oil, and others. In 2023, the protein meals segment is expected to account for the largest share of the Europe black soldier fly market. The large market share of this segment is attributed to the increasing demand for alternative protein, increasing demand for protein meals from the animal feed industry, increased fish meal and soy meal prices, and high protein content in BSF. This segment is also expected to grow at the highest CAGR during the forecast period.
In 2023, the Animal Feed Segment to Dominate the Europe Black Soldier Fly Market
Based on application, the Europe black soldier fly market is segmented into animal feed, agriculture, pet food, and other applications. In 2023, the animal feed segment is expected to account for the largest share of the Europe black soldier fly market. The large market share of this segment is attributed to the rising aquaculture farming, subsequent increase in the demand for protein-rich animal feed and entry of leading animal feed companies in the edible insects’ space. This segment is also expected to grow at the highest CAGR during the forecast period.
The Netherlands Dominates the Europe Black Soldier Fly Market, while France Leads in Growth
The Europe black soldier fly market is segmented into the Netherlands, France, Germany, Finland, Denmark, Belgium, Turkey, and the Rest of Europe. In 2023, the Netherlands is expected to account for the largest share of the Europe black soldier fly market. The large market share of this country is attributed to the high government support for insect processing, rising expansion by major BSF companies in the country, and rising awareness about alternative protein among people.
However, France is slated to register the highest CAGR during the forecast period. The rapid growth of this country is mainly attributed to the growing alternative protein industry; the growing investments in research, innovation, and scaling-up future protein sources such as insects; and the rising demand for fish feed.
Scope of the Report:
Europe Black Soldier Fly Market Assessment, by Product
- Protein Meals
- Whole Dried Larvae
- Biofertilizers (Frass)
- Larvae Oil
- Other BSF Products
Europe Black Soldier Fly Market Assessment, by Application
- Animal Feed
- Agriculture
- Pet Food
- Other Applications
Europe Black Soldier Fly Market Assessment, by Country
- Netherlands
- France
- Germany
- Finland
- Denmark
- Belgium
- Turkey
- Rest of Europe (RoE)
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Key Benefits of the Report:
This study presents the analytical depiction of the Europe Black Soldier Fly Market Industry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the Europe Black Soldier Fly Market share.
The current market is quantitatively analyzed from to highlight the Global Europe Black Soldier Fly Market growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed Europe Black Soldier Fly Market analysis based on competitive intensity and how the competition will take shape in coming years.
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Europe Black Soldier Fly Market Insights Will Enhance the Revenue Impact of Businesses Across Various Industries :
- Offering a tailored framework to assess the attractiveness of different products, solutions, and technologies within the Europe Black Soldier Fly Market
- Guiding stakeholders to identify key problem areas pertaining to their consolidation strategies in the global Europe Black Soldier Fly Market and offering solutions
- Assessing the impact of changing regulatory dynamics in the regions in which companies are keen on expanding their footprints
- Provides an understanding of disruptive technology trends to help businesses make their transitions smoothly
- Helping leading companies make strategy recalibrations ahead of their competitors and peers
- Offers insights into promising growth for top players aiming to retain their leadership position in the & supply-side analysis of the Europe Black Soldier Fly Market.
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