The Global Beneficial Insects Market Size is valued at 785.13 million in 2022 and is predicted to reach 2,182.67 million by the year 2031 at a 12.25% CAGR during the forecast period for 2023-2031.
Beneficial insects support pollination and occasionally serve as organic pesticides, which benefits organic food and sustainable farming. The services that beneficial insects provide assist agricultural, horticultural, and other ecosystems by pollinating plants, lowering pest populations, and enhancing the health of our ecosystem. Beneficial insects that are large or gigantic in size are known as microbial. In addition to enhancing the ecological diversity of overall ecosystem settings, beneficial insects shield plants and crops against harmful insect pests. These insects are used as pest control alternatives made from organic materials or as pollinators to boost crop yields.
A few of the factors pushing the expansion of the global market for beneficial insects include the unfavourable effects of chemical pesticides on the environment, rising demand for organic food, and increased awareness of sustainable agriculture. The sector is expanding as a result of advances in insect-rearing techniques, R&D projects, and supportive government regulations for the use of biological control agents. The market for beneficial insects is expanding due to rising demand for food security due to a growing population, improving demand for organic food items, and the advantages of beneficial insects.
Competitive Landscape:
The leading beneficial insects market players are:
- Applied Bionomics Ltd (Canada)
- Biobest Group NV (Belgium)
- Bioline AgroSciences Ltd (UK)
- Fargro Limited (UK)
- Andermatt Group AG (Switzerland)
- ARBICO Organics (US)
- BioBee Ltd (Israel)
- BIONEMA (UK)
- Koppert (Netherlands)
- Tip Top Bio-Control (US)
- Evergreen Growers Supply, LLC (US)
- Anatis Bioprotection (Canada)
- GrowLiv Biologicals (Canada)
- Planet Natural (US)
- Natural Pest Controls (US)
- KUNAFIN (US)
- IPM Laboratories, Inc. (US)
- Nature's Control (US)
- Associates Insectary (US)
- Bugs For Bugs (Australia)
- Rincon-Vitova Insectaries (US)
- Harmony Farm Supply & Nursery (US)
- FAR INC (US)
- Organic Control, Inc. (US)
- Eco Bugs India Private Limited (India)
Market Segmentation:
The Beneficial Insects market is categorized on the basis of type, crop type, and application. Based on type, the market is segmented as Parasitoids, Pollinators, Pathogens, and Predators. Crop Type segment includes Flowers & Ornamentals, Fruits & Vegetables and Grains & Pulses. The applications segment includes Crop Production and Crop Protection.
Based On Type, The Predators Segment Is Accounted As A Major Contributor In The Beneficial Insects Market
Because predators are market leaders and consume a huge number of prey (pests/insects) over the course of their existence or evolution, they hold a sizable portion of the market share. They capture and consume other animals like insects and mites. Ladybirds, carabines, lacewings, hoverflies, aphid midges (Aphidoletes), and bees are among the predators.
Crop Protection Segment Witnessed Growth At A Rapid Rate
The crop protection category is projected to grow rapidly in the global Beneficial Insects market because beneficial insects are crucial in avoiding pests, illnesses, and weeds due to the rise in demand for organic food items. These helpful insects are frequently employed as biological control agents to safeguard crops from pests that can harm plant health and yield while destroying a variety of crops.
The North America Beneficial Insects Market Holds A Significant Revenue Share In The Region
North America dominates the market for beneficial insects due to the region's adoption of IPM techniques and growing consumer awareness of the advantages of organic products. Because environmental concerns are growing in the region, Asia-Pacific is predicted to experience strong development from 2021 to 2028. The country part of the beneficial insect market research also highlights important market-impacting variables and domestic market regulatory changes that impact the market's current and future developments. Furthermore, Asia Pacific is expected to develop rapidly in the global Beneficial Insects market. After China, India is the country with the greatest market for insect feed.
The FAO estimates that traditional feeds like soybean and maize account for 60% of the overall cost of farming livestock in India. As a result of rivalry between humans and livestock for these resources, attention is now being turned towards producing grasshopper diets for agricultural animals in the nation to reduce production costs and close the demand-supply gap of feedstuffs, including maize and soybean.
Beneficial Insects Market Report Scope:
|
Report Attribute |
Specifications |
|
Market Size Value In 2022 |
USD 785.13 Mn |
|
Revenue Forecast In 2031 |
USD 2,182.67 Mn |
|
Growth Rate CAGR |
CAGR of 12.25% from 2023 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Million, and CAGR from 2023 to 2031 |
|
Historic Year |
2019 to 2022 |
|
Forecast Year |
2023-2031 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments Covered |
By Type, By Application, By Crop |
|
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia |
|
Competitive Landscape |
Applied Bio-nomics Ltd., Biobest, Bioline AgroSciences Ltd., Fargro ltd, Andermatt Biocontrol AG, ARBICO Organics, BioBee Sde Eliyahu, Biological Services., Dudutech, NATURAL INSECT CONTROL, Tip Top Bio-Control, Beneficial Insectary, Inc., Bionema Limited, Koppert Biological Systems |
|
Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing and Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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