The Black Soldier Fly Market is expected to grow 30.5% CAGR from 2022 to reach $3.96 billion by 2033. In terms of volume, this market is expected to grow 36.9% CAGR from 2022 to reach 8,003.7 thousand tons by 2033. Black Soldier Fly (Hermetia illucens) is a revolutionary insect species that provides solution to feed industry with an alternative meal source. Black Soldier Fly Larvae (BSFL) can grow on any organic waste and convert the manure into high protein and lipids. As it is rich in protein (40-44%) and lipid (7-36%), it is emerged as the cheaper protein alternative source for animal feed applications. Moreover, high quality chitin can be derived from defatted BSF exoskeleton, which is also one of the fastest growing (CAGR +19%) biopolymers.
The growth of the global black soldier fly market is increasing mainly due to expanding global meat demand. Furthermore, growing aquaculture industry, increasing demand from the animal feed industry for alternative proteins due to rising prices of soymeal, growing government support for the use of insect meal in livestock feed, and growing investment by key players in the BSF industry are the factors driving the black soldier fly market.
Here are the top 10 companies operating in the Black Soldier Fly Market
AgriProtein
Founded in 2008 and headquartered at Cape Town, South Africa, the AgriProtein is engaged in converting food waste into sustainable products such as alternative protein for use in animal, pet, and aquaculture feed and natural oil for use in cosmetics and agriculture. The company mainly operates in the black soldier fly business to convert food waste into valuable proteins.
With large-scale factories across key target markets such as the U.S., South Africa, U.K., Singapore, and Hong Kong and the company offices in California, Singapore, Bangalore, Hong Kong, and London, the company has its global presence across North America, Europe, Middle East and Africa, Asia-Pacific, and Latin America.
BioflyTech
Founded in 2012 and headquartered at Alicante, Spain, BioflyTech is a technology-based company engaged in artificial breeding and intensive production of insect biomass. The company offers its protein products to various fish species such as shrimp, salmon, bass, and golden. Also, the company’s lipid products are suitable for both farm animals and pets. The company mainly operates in the breeding of different types of dipterous insects, particularly the black soldier fly.
The company has its presence in Europe and the Middle East.
Protix B.V.
Founded in 2009 and headquartered at Dongen, the Netherlands, Protix B.V. is involved in the manufacturing and supply of insect ingredients for animal feed and human consumption. The company also converts organic residual streams through various insect species such as black soldier fly, cricket, mealworm, and locust to form protein meal, insect fats, and healthy food. In addition, the company has a broad range of ingredients from the black soldier fly.
With more than 15 partners, the company has its presence across Europe, North America, and Asia-Pacific.
Entofood Sdn Bhd
Founded in 2012 and headquartered at Kuala Lumpur, Malaysia, Entofood Sdn Bhd is involved in the production of insect protein for animal feed and organic fertilizer for plant nutrition. Also, the company’s R&D team has been developing an industrial solution for insect-based protein for application in the livestock and aquaculture industry. The company mainly operates in the black soldier fly business.
Since 2012, Entofood pilot produced 7 billion eggs, 65 tons of defatted meal, 160 tons of organic fertilizer, and 200 tons of larvae biomass. The company has its geographic presence across Asia-Pacific.
Nutrition Technologies Group
Founded in 2014 and headquartered at Johor, Malaysia, Nutrition Technologies Group manufactures and supplies sustainable insect proteins, oils, and frass for the aquaculture, agriculture, and animal feed industries. The company derives its products from the black soldier fly. In addition, the company has various research partners such as Curtin University (Australia); Crops for the Future (Malaysia); USM (Malaysia); UTM (Malaysia) Nong Lam University (Vietnam); RMIT (Vietnam); and Kasetsart University (Thailand) for the development of its products.
With production sites and offices in Johor Bahru, Malaysia and supporting sites in the UK, Vietnam, and Singapore, the company has its global presence across Asia-Pacific and Europe.
Meticulous Research in its latest publication on Black Soldier Fly Market has predicted the growth of 34.7% during the forecast year 2020–2030.
EnviroFlight Corporation
Founded in 2009 and headquartered in Kentucky, U.S., EnviroFlight Corporation is engaged in developing insect-based ingredients for animals and plants. The company mainly operates in the six markets, namely poultry, aquaculture, pets, exotics, young animals, and fertilizer. The company primarily operates in the processing of black soldier fly.
With its partners, Darling Ingredients Inc. and Intrexon Corporation, the company has its presence across North America, Latin America, Europe, and Asia-Pacific.
SFly Comgraf SAS
Founded in 2015 and headquartered at Salaise Sur Sanne, France, SFly Comgraf SAS is engaged in producing, manufacturing, and providing chitin and chitosan from black soldier fly. The company offers its products to various end-users such as medical, cosmetic, industrial, and environment.
With its partners, the company has its presence across Europe and Asia-Pacific.
Hexafly
Founded in 2016 and headquartered at Meath, Ireland, Hexafly is engaged in producing a range of natural commodities for multiple industries, such as plant nutrition, pet food, animal nutrition, alternative protein, oleochemical ingredients, human personal care, and cosmetics.
The company has its presence across Europe.
F4F SpA
Founded in 2014 and headquartered at Montt, Chile, F4F SpA is dedicated to the recovery of organic waste and the production of insect-based animal feed. The company transforms black soldier fly larvae into protein flour and other products for the application in the bird, fish, and mammal’s feed.
The company has its presence across Latin America.
InnovaFeed
Founded in 2016 and headquartered in Paris, France, InnovaFeed is specialized in the production and marketing of meal and oil extracted from the hermetia illucens larva, as well as supply of fertilizer made with insect droppings. The company offers its hermetia illucens products for animal feed and aquaculture industry.
With more than 15 partners, the company has its presence across Europe, North America, Asia-Pacific, and Latin America.
Popular Mentions: Enterra Feed Corporation, Entobel, Protenga Pte Ltd, and nextProtein
Authoritative Research on the Black Soldier Fly Market – Global Opportunity Analysis and Industry Forecast (2020-2030)
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- Recent financial performance
- Key products
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- Partnerships and acquisitions
The Comprehensive report provides global market size estimates, market share analysis, revenue numbers, and coverage of key issues and trends.
