Edible Insects for Animal Feed: Low Costs in Investment Encourage Increase
Posted by Deevika on July 1st, 2019
Edible varieties of insects have long been considered as famine food. However, in recent years, they have been increasingly cutting their share into the conventional foods industry. Moreover, populations of numerous countries around the world consume insects such as dragonflies, centipedes, cicada, grasshoppers, bamboo worms, bees, cockroaches, and ants among others. Edible insects are now increasingly being used in various animal feed formulations as a highly nutritional protein input, which are completely safe for animals to eat in addition to being very affordable for the end user. Consequently, edible insects for animal feed are increasingly finding applications in the fields of poultry, aquaculture, and some varieties of pet food. Most conventional animal feed formulations comprise soymeal and fishmeal as the major source of proteins. However, these ingredients are relatively expensive in comparison to edible insects. Consequently, using insects in animal feed can create substantial savings in production, boost nutritional value of animal feeds, and increase the levels of profitability for the producers, which together are anticipated to generate greater demand in the near future. The edible insect for animal feed options ranges to approximately 19,000 species. Consequently, a rapidly rising number of animal feed manufacturers are also working towards establishing their own insect cultivation facilities to meet their production needs. This trend is also augmented by the fact that cultivating insects is more environmentally sustainable than the cultivation and harvest of other protein sources. A study of the global edible insects for animal feed industry is compiled and published in the report titled, “Global Market Study on Edible Insects for Animal Feed: Growing Demand for Economic Alternative Protein Sources to Uplift Consumption” that has been included in the extensive research repository of Market Research Hub (MRH).
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Edible insects for animal feed Market: Report Overview
This report on edible insects for animal feed provides the readers with an in depth analysis on the landscape of animal feed ingredients around the globe. Nutrition-based forecasting model includes a complete analysis of the research publications in addition to primary interviews with manufacturers as well as customer data.
The report also includes detailed interviews conducted by leading market analysts with industry leaders, animal health experts and industry analysts to provide validations of the industry’s production volume and relevant assumptions in the study.
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The edible insects for animal feed report predicts the performance of the market progress in terms of volumes forecast by different categories including manufacturing and raw material costs, apart from factors such as the growth of the dietary supplements market.
For each of these categories, business development strategies and market projections adopted by key market players for specific strategies has also been added to the report.
Valuable insights which can be helpful for cultivators operating in the edible insects for animal feed industry are provided in the report. Assessment of barriers to market entry, pricing analysis, market expansion strategies, and supply-demand dynamics makes the report a very reliable source of information for business professionals who are interested in the edible insects for animal feed market.
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