Insect-based Feed Market size was valued at USD 1.5 Billion in 2024 and is projected to reach USD 4.5 Billion by 2033, exhibiting a CAGR of 15.8% from 2026 to 2033.
The South Korea insect-based feed market is witnessing a significant transformation, driven by the increasing demand for sustainable and eco-friendly alternatives in animal feed. Insects, particularly black soldier flies, crickets, and mealworms, are gaining attention for their potential to revolutionize the feed industry. These insects are rich in proteins, fats, and essential nutrients, making them an ideal substitute for traditional feed ingredients like soy and fishmeal. The growing interest in insect-based feed stems from its ability to address pressing environmental concerns, such as reducing carbon emissions, land use, and water consumption, which are typically associated with conventional feed production.
In South Korea, the shift towards insect-based feed is being fueled by various industries, including livestock farming, aquaculture, and pet food manufacturing. With rising concerns over the sustainability of traditional feed sources, businesses are increasingly turning to insect proteins to ensure a steady supply of nutritious feed that is both cost-effective and environmentally friendly. For instance, insect-based feed can be produced using organic waste materials, thereby contributing to the circular economy while reducing waste and pollution. Moreover, insect farming has a relatively low environmental footprint compared to traditional livestock farming, making it an attractive option for companies focused on reducing their ecological impact.
Industries are particularly keen on utilizing insect-based feed for its high nutritional value. Insects provide essential amino acids, vitamins, and minerals that are crucial for animal growth, immune function, and overall health. Furthermore, insect-based feed is gaining popularity in the aquaculture sector, as it offers an alternative to fishmeal, which is becoming scarce due to overfishing and the depletion of marine resources. In South Korea, the government has also recognized the potential of insect-based feed and has been actively supporting its development through research, regulatory frameworks, and financial incentives for insect farming businesses.
The insect-based feed market in South Korea is expected to continue its growth trajectory as more industries recognize the advantages of incorporating insects into their feed formulations. As innovation in insect farming technology progresses, the efficiency and scalability of insect production will only improve, making it a more viable solution for large-scale feed production. With the increasing demand for sustainable feed solutions, the insect-based feed market is poised to become a key player in South Korea's agricultural and food industries in the years to come.
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AgriProtein
Ynsect
Enterra Feed
Entofood
Entomo Farms
InnovaFeed
Enviroflight
Hexafly
HiProMine
Proti-Farm
MealFood Europe
Protix
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Insect-based Feed Market
Crickets
Mealworms
Black Soldier Fly Larvae
Grasshoppers
Termites
Aquaculture
Poultry Feed
Pet Food
Swine Feed
Ruminant Feed
Whole Insects
Insect Protein Meal
Insect Oil
Insect Flour
Insect Extracts
Commercial Farming
Small-scale Farming
Organic Farming
Sustainable Agriculture
Urban Farms
High Protein
High Fat
Amino Acids Profile
Vitamins and Minerals
Fiber Content
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Insect-based Feed Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Insect-based Feed Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Insect-based Feed Market, By Type
6. South Korea Insect-based Feed Market, By Application
7. South Korea Insect-based Feed Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Insect-based Feed Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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