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Black Soldier Fly Market
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The Black Soldier Fly Market is projected to reach $3.96 billion by 2033, at a CAGR of 31% during the forecast period of 2024 to 2033, while in terms of volume, the market is expected to reach 8.23 million tons by 2033, at a CAGR of 40.4% from 2024 to 2033.The growth of the black soldier fly market is mainly driven by rising global meat demand, growing aquaculture industry, increasing demand from the animal feed industry for alternative proteins due to rising prices of soymeal and fishmeal, and increasing government support for the application of insect meal in livestock feed. In addition, expansions in developed and emerging economies provide significant opportunities for the growth of the black soldier fly market.

However, factors such as a non-standardized regulatory framework across the globe and limited acceptance & approvals for BSFL to be incorporated into the human diet hinder the overall black soldier fly market growth. Furthermore, the availability of economical substitutes, the high cost of skilled labor, and the risk of disease transmission from BSF challenge the growth of this market.

Here are the top 10 companies operating in the Black Soldier Fly Market

Protix B.V. (Netherlands)

Protix B.V. (Netherlands)Founded in 2009 and headquartered in Dongen, the Netherlands, Protix manufactures and supplies insect ingredients for animal feed and human consumption. The company converts organic residual streams through various insect species, such as black soldier fly, cricket, mealworm, and locust. Protix is supported by the European program Plattelandsontwikkelingsprogramma (POP3) in developing smart insect farming technologies. Protix also produces chicken feed and sells its brand of eggs, OERei, laid by chickens that eat its feed. OERei eggs are commercially available in 750 supermarkets.

The company’s products are available in 18 countries, ranging from pig & poultry feed to specialty pet foods. With more than 15 partners, the company has a geographical presence across Europe, North America, and Asia-Pacific.

InnovaFeed SAS (France)

InnovaFeed SAS (France)Founded in 2016 and headquartered in Paris, France, InnovaFeed is a biotech company that produces natural and sustainable ingredients for animal feed and plant nutrition from insect rearing. The company also specializes in producing and marketing meals and oil (used in poultry and swine feed as an alternative to imported oils) extracted from the hermetia illucens larva and a supply of fertilizer made with insect droppings. The company offers hermetia illucens products for animal feed and aquaculture.

With more than 100 collaborators and two production sites in operation, and a third one announced in the U.S., the company has a geographical presence across Europe, North America, Asia-Pacific, and Latin America.

EnviroFlight, LLC (U.S.)

EnviroFlight, LLC (U.S.)
EnviroFlight, LLC (U.S.)

Founded in 2009 and headquartered in Kentucky, the U.S., EnviroFlight develops insect-based ingredients for animals and plants. The company operates in six markets, namely, poultry, aquaculture, pets, exotics, young animals, and fertilizers. EnviroFlight produces black soldier fly larvae (BSFL) products from oven-dried larvae without chemicals.

In January 2020, EnviroFlight was acquired by Darling Ingredients Inc., an international producer of organic ingredients used in sustainable protein and fat products and renewable clean energy. Darling operates on five continents. It collects waste from the agri-food industry and repurposes it into specialty ingredients, such as hydrolyzed collagen, edible and feed-grade fats, animal proteins and meals, plasma, pet food ingredients, fuel feedstocks, and green bioenergy.

The company has a geographical presence across North America, Latin America, Europe, and Asia-Pacific.

Nutrition Technologies Group (Singapore)

Nutrition Technologies Group (Singapore)
Nutrition Technologies Group (Singapore)

Founded in 2015 and headquartered in Singapore, Nutrition Technologies manufactures and supplies sustainable insect proteins, oils, and frass for animal feed, cosmetics, and organic fertilizers. The company derives its products from black soldier flies. Nutrition Technologies has research partnerships with key institutions to develop its products and conduct several feed trials on key consumer species. The company’s research partners include the National University of Singapore (NUS), Curtin University (Australia), Crops for the Future (Malaysia), USM (Malaysia), UTM (Malaysia), Nong Lam University (Vietnam), RMIT (Vietnam), and Kasetsart University (Thailand).

The company’s main production site is in Johor Bahru, Malaysia, with supporting sites and offices in Vietnam and Singapore. The company has a geographical presence in Asia-Pacific, Latin America, and Europe.

Sfly Comgraf SAS (France)

Sfly Comgraf SAS (France)Founded in 2015 and headquartered in Salaise Sur Sanne, France, SFly produces, manufactures, and provides chitin and chitosan from black soldier fly. The company’s products can be used for industrial, environmental, cosmetic, and pharmaceutical purposes.

SFly focuses on the industrial production of the bioconversion and chemical extraction process to produce chitin/chitosan from black soldier fly insects.

The company has a geographical presence across Europe and Asia-Pacific with its partners.

Meticulous Research in its latest publication on Black Soldier Fly Market has predicted the growth of  31% during the forecast year 2024–2033.

Hexafly (Ireland)

Hexafly (Ireland)Founded in 2016 and headquartered in Meath, Ireland, Hexafly is a biotechnology company that develops materials and sources from insects for multiple industries, such as plant and animal nutrition, pet food, alternative protein, oleochemical ingredients, personal human care, and cosmetics. The company’s products made using black soldier flies include grubs (a super-food for wild birds, fish, and reptiles), grubs for hens (a live product that stimulates natural feeding in poultry), and hexafrass (a powerful plant promoter and fertilizer).

The company has a geographical presence across Europe.

NextProtein (France)

NextProtein (France)
NextProtein (France)

Founded in 2015 and headquartered in Paris, France, nextProtein produces insect-based protein for various industries, such as aquaculture, pet food, agriculture, and animal feed. Since its inception, nextProtein has been supported by various investors, such as Xavier Nielʼs Kima Ventures, Silicon Valley business angel Jerome Lecat, Khaled Helioui (investor of Uber and Deliveroo), Sylvie Ganter and Christophe Cervasel (Atelier Cologne), crowdfunding equity platform Anaxago, and business angel community Angelsquare and Angelor. The nextProtein process is EU-approved for aquaculture and pet food and is suitable for feedstocks for the poultry and pork industries.

Based in France with production operations in Tunisia, nextProtein is backed by high-profile international investors. With its partners, the company has a geographical presence across Europe.

Bioflytech S.L. (Spain)

Bioflytech S.L. (Spain)Founded in 2012 and headquartered in Alicante, Spain, BioflyTech is a technology-based company engaged in artificial breeding and intensive insect biomass production. The company mainly operates in breeding different types of dipterous insects, particularly the black soldier fly, and offers its protein meals to various fish species, such as shrimp, salmon, bass, and golden. Furthermore, the company’s lipid products suit both farm animals and pets.

The company has a geographical presence across Europe and the Middle East.

Protenga Pte Ltd. (Singapore)

Protenga Pte Ltd. (Singapore)Founded in 2016 and headquartered in Singapore, Protenga is engaged in converting low-value protein biomass into high-quality animal protein. The company offers insect-based products for aquaculture, farmed animals, pets, and plants. In addition, the company also works with various pioneering partners and innovators across the value chain to develop novel integrated production models, value-added input and output transformations, new product offerings, and refined products such as biomaterials and extracts.

The company has a geographical presence across Asia-Pacific and Europe.

Entobel Holding Pte. Ltd. (Singapore)

Entobel Holding Pte. Ltd. (Singapore)
Entobel Holding Pte. Ltd. (Singapore)

Founded in 2013 and headquartered in Singapore, Entobel is engaged in converting low-value biomass into high-grade products with the help of black soldier fly. The company also offers various services, such as feasibility studies, consulting on the field, and full technology transfer. In addition, the company offers its BSF ingredients for various applications, such as animal feed, aquaculture, and agriculture. Entobel production site complies with the highest standards in the industry, such as ISO22000 and HACCP. Entobel works with reputable agritech and food companies to collect their by-products. The company’s insect production and processing plant is in southern Vietnam.

The company has a geographical presence across Asia-Pacific.

Popular Mention: Entofood Sdn Bhd (Malaysia), F4F SPA (Chile), BugEra (Israel), Entoprotech Ltd (Israel), Insectta (Singapore), Entosystem Inc. (Canada), INSECTIFII INDIA PVT. LTD. (India), Agroloop Hungary Kft. (Hungary), Soldier Fly Technologies, Inc. (U.S.), Life Origin (Malaysia), Insectum ApS (Denmark), Keetup and co. (India), Loopworm Pvt. Ltd. (India), Ento Proteins Private Limited (India), UltraNutri (India), Insectika Biotech Private Limited (IBPL) (India), Freshrooms Lifesciences Private Limited (India), KovaiBSF (India), Exocycle  (India), Bioforte Biotechnology (Shenzhen) Co., Ltd. (China), Guangzhou Unique Biotechnology Co., Ltd (China), Symton Inc. (U.S.), Beta Bugs Ltd. (U.K.), SNAS Bio-tech (Pakistan), FarmInsect GmbH (Germany), Hermetia Baruth GmbH (Germany), Volare Solutions (Finland), Nasekomo (Bulgaria), Enorm Biofactory (Denmark), Mutatec (France), NextAlim SAS (France), Insectum UAB (Lithuania), HiProMine S.A. (Poland), Entogreen – Ingredient Odyssey, S.A. (Portugal), Cyns (Brazil), Illucens México Entobiorrefinería (Mexico), Proticycle (South Africa), and Circa Biotech (UAE).

Authoritative Research on the Black Soldier Fly Market – Global Opportunity Analysis and Industry Forecast (2024-2033)

Need more information? Meticulous Research®’s new report covers each of these companies in much more detail, providing analysis on the following:

  • Recent financial performance
  • Key products
  • Significant company strategies
  • Partnerships and acquisitions

The Comprehensive report provides global market size estimates, market share analysis, revenue numbers, and coverage of key issues and trends.

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