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The Mealworms Market is expected to reach $1.27 billion by 2030, at a CAGR of 25.8% during the forecast period 2022–2030. In terms of volume, the mealworms market is expected to grow at a CAGR of 28.6% from 2022–2030 to reach 367,491.7 tons by 2030. The growth of this market is driven by factors such as the increasing greenhouse gas emissions from the livestock and poultry industries, the high nutritional value of mealworms, environmental benefits of edible mealworms consumption, and the lower risk of zoonotic diseases with insect consumption compared to the consumption of animal-derived products. However, the risk of allergic reactions due to the consumption of mealworms is expected to restrain the growth of this market to a notable extent.
Some of the key players operating in the mealworms market are Ÿnsect SAS (France), Protix B.V. (Netherlands), BETA HATCH (U.S.), Armstrong Crickets Georgia (U.S.), TEBRIO (Formerly MealFood Europe SL) (Spain), Tebrito AB (Sweden), Entec Nutrition (U.K.), Invertapro AS (Norway), Keil Co., Ltd (South Korea), EntoBreed Farming BV (Netherlands), and Goterra (Australia).
Here are the top 10 companies operating in the Mealworms Market
Founded in 2011 and headquartered in Paris, France, Ÿnsect is engaged in designing, building, and operating insect production and processing facilities to produce feed for aquaculture and pets. The company transforms farmed insects into premium animal nutrition. It develops farm insects on a large scale and automates processes to turn insects into the highest-quality raw materials for animal feed. The company offers its products through three segments: Animal Nutrition, Human Nutrition, and Plants.
The company’s first production unit has been operating in Dole, France, since 2016, and Ÿnsect is currently building its second production unit, one of the world’s largest vertical farms, in Amiens, France. Since its creation, Ÿnsect has raised more than $435 million and recruited more than 200 employees.
The company has its geographic presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Protix B.V. (Netherlands)
Founded in 2009 and headquartered in Dongen, Netherlands, Protix is involved in the manufacturing and supplying of insect ingredients for animal feed and human consumption. The company converts organic residual streams using 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.
The company’s products are available in 13 countries and have applications from swine and poultry feed and specialty pet foods to human nutrition.
In June 2017, Protix acquired Fair Insects. This acquisition enabled the company to broaden its portfolio with more insect-based ingredients, including mealworms, crickets, and locusts.
With more than 15 partners, the company has its presence across Europe, North America, and Asia-Pacific.
Founded in 2015 and headquartered in Washington, U.S., Beta Hatch manufactures insects for animal feed and fertilizer applications. The company’s insect rearing technology converts mealworms into high-value proteins, oils, and nutrients for agriculture.
The company primarily focuses on farming mealworms for animal feed and insect manure for fertilizers.
The company has its primary presence in North America.
Armstrong Crickets Georgia (U.S.)
Founded in 1947 and headquartered in Glennville, U.S., Armstrong Cricket Farm Georgia is one of the oldest cricket growers. The company offers crickets, mealworms, waxworms, superworms, and nightcrawlers to bait stores, zoos, pet shops, and individuals. The company also offers mealworms to various animal feed manufacturers. Furthermore, the company provides various accessories and equipment used in insect farming.
The company has its primary presence in the U.S.
TEBRIO (Formerly MealFood Europe SL) (Spain)
Founded in 2014 and headquartered in Spain, TEBRIO (formerly known as MealFood Europe) manufactures and supplies sustainable products derived from Tenebrio Molitor (mealworm) for animal feed, aquaculture, plant nutrition, and other industries. The company’s product portfolio includes insect proteins, organic fertilizers, and chitin.
Meticulous Research in its latest publication on Mealworms Market has predicted the growth of 25.8% during the forecast year 2022-2030.
Keil Co., Ltd (South Korea)
Established in 2016 and headquartered in Seoul, South Korea, KEIL is an automated insect breeding company. The company specializes in developing food materials, finished products, agro-livestock dry food, and fertilizer. The company produces mealworms in its Super Poworm Factory. This automated smart farm has a production capacity of 2,000 tons/annually.
The company’s products are marketed under the brands: KEIL, KEIL Bio (Mealworm Oil), GREENCAP FEED (Animal Feed), PET SMITH, and ONE FRASS. KEIL’s product portfolio includes protein ingredients for animal feed and pet food, mealworm powder, organic fertilizer, and mealworm oil. The company offers its products to the beverages, animal feed, pet food, and agriculture industries. Furthermore, the company also offers various machinery used in insect farming.
The company has its primary presence across Asia-Pacific.
Founded in 2016 and headquartered in Orsa, Sweden, Tebrito is mainly involved in producing and processing ingredients derived from mealworms. The company offers whole mealworms, protein powder, and frass. Tebrito offers its products to the food, feed, and agriculture industries.
The company has its presence across Europe.
Invertapro AS (Norway)
Founded in 2016 and headquartered in Hordaland, Norway, Invertapro is an insect rearing and breeding company. The company specializes in end-to-end processing of yellow mealworm production. Invertapro specializes in producing protein-rich ingredients for food and feed products. The company’s product portfolio includes protein ingredients for animal feed and pet food, fried and seasoned larvae snacks, and organic fertilizer obtained from mealworm waste. The company offers its products to the animal feed, pet food, food, and agriculture industries.
The company has its presence across Europe.
Founded in 2018 and headquartered in Penryn, U.K., Entec Nutrition is involved in producing and processing protein-rich ingredients from mealworms. The company specializes in producing functional feed additives. Entec Nutrition offers its products to the poultry feed, pet food, and aquaculture industries.
Authoritative Research on the Mealworms Market – Global Opportunity Analysis and Industry Forecast (2022-2030)
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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