Canada Black Soldier Fly Market Analysis, Application & Forecast to 2022-2028Posted by James Grey on January 10th, 2022 Bharat Book Bureau Provides the Trending Market Research Report on “Canada Black Soldier Fly Market by Product and Application - Forecast to 2028” under Food & Beverage Market Research Reports Category. The report offers a collection of superior market research, market analysis, competitive intelligence and Market reports. Canada Black Soldier Fly Market by Product (Whole Insect, Protein Meal, Frass, and Other BSF Products {Cocoons, Pupa}) and Application (Poultry, Aquaculture, Pet Food, Livestock, and Other Applications) - Forecast to 2028 The research report titled “Canada Black Soldier Fly Market by Product (Whole Insect, Protein Meal, Frass, and Other BSF Products {Cocoons, Pupa}) and Application (Poultry, Aquaculture, Pet Food, Livestock, and Other Applications) - Forecast to 2028” provides in-depth analysis of black soldier fly market in Canada and emphasizes on the current market trends, market size, market share, recent developments, and forecast till 2028. Canada Black Soldier Fly Market is expected to reach .4 million by 2028, growing at a CAGR of 18.2% during the forecast period of 2021 to 2028. This market is majorly driven by the factors such as the growing aquaculture industry, rising demand for alternative proteins in the animal feed industry, and increasing government and support for the Canadian BSF industry.
The study offers a comprehensive analysis of the Canada black soldier fly market with respect to product (whole insect, protein meal, oil, frass, and others) and application (poultry, aquaculture, pet food, livestock, and other applications). The study also evaluates various marketing strategies adopted by key market players. Based on product, the Canada BSF market is segmented into whole insects, protein meal, oil, frass, and other BSF products. In terms of value, the protein meal segment is expected to command the largest share of the Canada black soldier fly market in 2021. This segment is also projected to grow at the highest CAGR during the forecast period. The key factors supporting the growth in this segment include the increasing demand for protein meals in the animal feed industry, increased fish meal prices, and government support and approval for insect meal to be used in animal feed. However, in terms of volume, the frass segment is estimated to command the largest share of the Canada black soldier fly market. Based on application, the Canada BSF market is segmented into poultry, aquaculture, pet food, livestock, and other applications. The aquaculture segment is expected to account for the largest share of the Canada black soldier fly market in 2021. However, the pet food segment is projected to grow at the highest CAGR during the forecast period. The key factors supporting the strong growth in the pet food segment are the emergence of leading pet food companies in the edible insects’ space and an expected increase in the number of related product approvals in upcoming years. Key questions answered in the report- Scope of the Report Canada Black Soldier Fly Market, by Product Canada Black Soldier Fly Market, by Application Browse our full report with Table of Content : About Bharat Book Bureau: Contact us at: Like it? Share it!More by this author |