Outlook for black soldier fly (BSF) derived products over the next decade
A story on market analysis forecasting that the global black soldier fly market will grow at a CAGR of 33.3% from 2019 to 2030 to reach US$2.57bn was our fourth most popular piece last month.
The market analysis was undertaken by Meticulous Research.
Based on product, the global BSF market is segmented into protein meal, biofertilizer (frass), whole dried larvae, larvae oil, and chitin and chitosan. BSF derived products are marketed to the feed, agriculture, pet food, and other segments, said the analysts.
In terms of value, the researchers found that protein meal commanded the largest share of the overall BSF market in 2019. However, in terms of volume, the biofertilizers (frass) segment took the spoils last year, and the report attributed that percentage squeeze to the fact that a large quantity of fertilizer is generated during the BSF processing compared to protein meal and oil.
Feed use of BSF derived products is predicted to see rapid growth during the forecast period, they added.