$3.4 Billion Black Soldier Fly Markets, 2030: Products (Protein Meals, Biofertilizers, Chitin/ Chitosan), & Applications (Animal Feed, Agriculture, Pet Food, Pharmaceutical, Cosmetic, Biofuel)
June 03, 2021 04:03 ET | Source: Research and Markets Research and Markets Dublin, IRELAND
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The Global Black Soldier Fly Market is expected to reach $3.4 billion by 2030, at a CAGR of 34.7% during the forecast period of 2020 to 2030.
The increasing global meat demand, 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.