Fast growth for insects for feed market 18th September 2019

It is estimated that edible insects for animal feed market will reach US$ 267.9 million by the end of 2018 in terms of value, and is forecasted to reach US$ 2385.6 million by the end of 2029.

This is according to a new report by Persistence Market Research called: Edible Insects for Animal Feed: Global Market Analysis 2013-2017 and Forecast 2019-2029.

Increased interest in insect protein

Nowadays, lot of innovation is going on in the edible insects for animal feed market. Growing population leads to increasing demand for food. To fulfil the increasing food demand globally, meat production has increased. It is necessary to provide quality feed to animals to improve their meat quality. The feed industry has introduced edible insects for animal feed in the market. Insects contain high amounts of protein which is important for the better growth of livestock. Farmers are looking for alternative resources to fulfil the increasing protein demand. Full article