The global Earthworm Meal Market is set to enjoy a valuation of USD 487.2 in 2023, and further expand at a CAGR of 7.8% to reach USD 1034.1 by the year 2033.
Key Trends Listed by Future Market Insights (FMI):
Earthworm meal is a product derived from earthworms and is primarily used in animal feed formulations. To produce earthworm meal, earthworms are typically collected and processed into a dry, powdered form. The earthworms are cleaned, dried, and powdered into a thin powder before being used as animal feed. For the preparation of animal feed, earthworm meal offers an alternative and sustainable source of protein. The availability, sustainability, and price volatility of traditional protein sources like fishmeal and soybean meal are concerns exacerbated by the rising demand for animal protein worldwide. Earthworm meal offers an opportunity to diversify the sources of protein in animal feeds, reducing dependency on limited resources and perhaps even helping to create a more robust and sustainable feed sector.
The inclusion of earthworm meals in animal feed is consistent with environmental sustainability objectives in addition to its nutritional value. Through their natural feeding and digestive processes, earthworms have the potential to transform organic waste materials, such as agricultural by-products or food waste, into nutrient-rich biomass. The agricultural sector can help reduce waste and advance a circular economy by using earthworms to convert solid waste into a valuable protein source. This component of the production of earthworm meals aids to address waste management problems and may have favorable effects on the environment.
The ability of earthworm meals to improve animal intestinal health is also well-defined. Enzymes, probiotics, and growth factors are just some of the bioactive components in earthworms that can benefit animals' digestion, nutrition absorption, and overall gut health. The correct balance of bacteria in the digestive tract may be supported by these bioactive substances, improving nutrition digestion and potentially reducing the need for certain additives or medications.
Attributes | Key Insights |
---|---|
Estimated Global Earthworm Meal Market Size (2023E) | USD 487.2 million |
Projected Earthworm Meal Market Value (2033F) | USD 1,034.3 million |
Value-based CAGR (2023 to 2033) | 7.8% |
Top 3 Countries’ Value | USD 362.0 million |
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Market Statistics | Details |
---|---|
Jan to Jun (H1), 2021 (A) | 6.0% |
Jul to Dec (H2), 2021 (A) | 4.8% |
Jan to Jun (H1), 2022 Projected (P) | 5.6% |
Jan to Jun (H1), 2022 Outlook (O) | 5.7% |
Jul to Dec (H2), 2022 Outlook (O) | 6.0% |
Jul to Dec (H2), 2022 Projected (P) | 5.1% |
Jan to Jun (H1), 2023 Projected (P) | 7.4% |
BPS Change: H1, 2022 (O) to H1, 2022 (P) | 40 |
BPS Change: H1, 2022 (O) to H1, 2021 (A) | -30 |
BPS Change: H2, 2022 (O) to H2, 2022 (P) | -44 |
BPS Change: H2, 2022 (O) to H2, 2022 (A) | 75.2 |
According to the Future Market Insights (FMI) analysis, between 2018 and 2022, global sales of earthworm meals increased at a CAGR of 3.3%. Over the next ten years, the global market for earthworm meals is expected to expand at a lucrative CAGR of 10.6%.
Earthworm meal, being a natural and organic fertilizer, is gaining popularity as an environment-friendly alternative. Its use in agriculture can improve soil fertility and structure, increase water retention, and promote overall plant health without harming the environment. The concept of circular economy and waste management has gained significant traction. The ability of earthworms to convert organic waste into high-nutrient vermicompost is well-known around the globe. It makes them an important part of the waste management process. Though waste management is a major concern, the use of earthworms and their by-products such as vermi-wash is expected to increase in the upcoming few years at a lucrative growth rate.
The utilization of earthworm meals as a sustainable solution for waste management provides an additional revenue stream for farmers and waste management industries. In addition, there is a considerable supply-demand imbalance for conventional ingredients that is predicted to expand over the next few decades, which is a compelling reason in favor of investigating the applicability of unconventional feedstuffs in feed formulations. At present, emerging nations are making significant attempts to use a variety of sources for feed ingredients, particularly protein materials.
Region | North America |
---|---|
Country | United States |
CAGR | 8.2% |
BPS Analysis | -133 |
Market Value (2033) | USD 177.8 million |
Region | Europe |
---|---|
Country | Germany |
CAGR | 6.5% |
BPS Analysis | 85 |
Market Value (2033) | USD 95.2 million |
Region | Asia Pacific |
---|---|
Country | China |
CAGR | 6.9% |
BPS Analysis | 105 |
Market Value (2033) | USD 115.8 million |
Region | Asia Pacific |
---|---|
Country | India |
CAGR | 7.5% |
BPS Analysis | 99 |
Market Value (2033) | USD 128.3 million |
Region | Asia Pacific |
---|---|
Country | Japan |
CAGR | 5.5% |
BPS Analysis | 79 |
Market Value (2033) | USD 37.2 million |
The rising focus on Soil Health and Sustainability is Driving Up Earthworm Meal Sales in the USA
As per Future Market Insights, it is expected that the US Earthworm Meal market would be valued roughly at USD 92.5 million in 2023. As a result, it will command a sizable market share of 19% in the North American market in 2023
Growing numbers of farmers and agricultural practitioners are realizing how crucial healthy soil is to profitable and sustainable farming. Plant growth, nutrient availability, and water retention are all supported by healthy soil. As they improve soil structure, encourage nutrient cycling, and boost soil aeration, drainage, and water infiltration, earthworms play a crucial role in soil health. As awareness of these advantages rises, there is a rising demand for soil supplements like earthworm meals that can promote soil health.
Natural resource conservation, less negative environmental effects, and increased agricultural output are the goals of sustainable agriculture practices. Since earthworm meal is a natural and organic soil addition, it is consistent with the aforementioned concepts. Farmers can increase the sustainability of their farming systems by using less synthetic fertilizer and chemical inputs by introducing earthworm meals into their soil management practices.
Advancing Earthworm Meals: Research and Development Initiatives in Japan
In Japan, the earthworm meal market is anticipated to rise at a CAGR of 7.5% during the forecast period from 2023 to 2033. Japan is estimated to hold a market share of 12.4% in the East Asia market by 2033
As per the research study conducted by FMI, Japanese businessmen and farmers are looking to the earthworm for help to solve many of the country's problems, including the disposal of wastes, reclaiming the fertility of farmland, fish breeding, etc. Studies on the benefits of earthworm meal and vermiculture methods have been carried out by the Japanese agricultural research sector.
These study results have increased awareness of earthworm meal's potential as a soil amendment, combined with educational outreach programs. Universities and agricultural extension organizations educate farmers as well as gardeners on the usage of earthworm meals, further encouraging its adoption.
The use of Earthworm Meals as fertilizer will Accelerate Market Expansion
In accordance to end use, earthworm meals are expected to be in high demand throughout the evaluation period. According to Future Market Insights, the earthworm meal market, which is estimated to hold a market share of about 36.0% in 2023, is anticipated to be valued at USD 175.3 million in 2023.
The use of earthworm meals helps to improve the condition of the soil. Earthworms are essential for improving the fertility and structure of the soil. They improve air and water circulation by aerating the soil and making tunnels as they consume organic waste. This enhanced soil structure encourages plant root growth and nutrient uptake.
Vermicast, sometimes referred to as worm castings, is the excretion of waste from earthworms and is a rich source of organic matter and advantageous bacteria. The beneficial soil bacteria that support plant growth and resistance against pathogens thrive in the favorable conditions created by these worm castings, which further improve soil fertility. The use of earthworm meals as a fertilizer may gain popularity and stimulate market growth as awareness of the value of healthy soils increases.
Rising preference of Users for Earthworm Meal Powder over the Liquid Form
The powder form of earthworm meal is expected to reach a market valuation of USD 150.9 Million in 2023 and USD 372.2 Million by 2033 with a CAGR of 9.4% over the forecast period.
A lot of users choose earthworm powder over liquid forms since it has a number of benefits. The ease it offers in storage and transportation is a key advantage over others. Earthworm powder may be easily packaged, stored, and transported without the worry of leakage or spilling because of its dry and compact nature. Because of this, it may be used for operations of different sizes, giving users flexibility and ease.
The longer shelf life of earthworm powder compared to liquid forms is another benefit. The powder's dry nature helps to maintain its quality and effectiveness for a long time. It can be kept for longer periods of time without facing the risk of spoiling or degrading, guaranteeing that the nutrients will stay intact until they are consumed.
Application versatility is an additional important advantage of earthworm powder. It can be used in a variety of ways, such as by directly incorporating it into the soil during planting or adding it to the composting process.
Farmers and gardeners can regulate the fertilizer's dosage and distribution by applying the fertilizer with more ease and accuracy because of the powder form. Due to its adaptability, earthworm powder can be used to meet a variety of purposes and be considered the most effective, subsequently driving up the sales of earthworm meal powder.
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There are well-established companies that produce and supply earthworm meals for use as fertilizer. These businesses frequently have a significant market presence, well-developed distribution networks, and a history of producing superior products.
To enhance their manufacturing procedures and ensure the effectiveness of their earthworm meal products, they have made investments in research and development. The competitive landscape can be influenced by market dynamics such as demand and supply factors, pricing strategies, and regulatory environments.
Attribute | Details |
---|---|
Market Size Value in 2023 | USD 487.2 million |
Market Forecast Value in 2033 | USD 1,034.3 million |
Anticipated Growth Rate (2023 to 2033) | 7.8% CAGR |
Forecast Period | 2023 to 2033 |
Historical Data Available for | 2018 to 2022 |
Market Analysis | Volume (MT) and Value (USD Million) |
Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; and Middle East & Africa |
Key Countries Covered | Canada, United States, Mexico, Brazil, Chile, Peru, Argentina, Germany, France, Italy, Spain, United Kingdom, Netherlands, Belgium, Nordic, Russia, Poland, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Singapore, Australia, New Zealand, GCC Countries, South Africa, Central Africa, and others |
Key Market Segments Covered | Form, End Use, and Regions |
Key Companies Profiled | Mazuri; Anphu Earthworm Co., Ltd; Agricare Organic Farms Ltd; Taj Agro International; Kiryu Co., Ltd; Allworms Bio-Tech Co., Ltd.; XABC Biotech Co., Ltd; Viet Delta Industrial Company; Anphu Earthworm Co., Ltd; Nature's Healing Remedies, Inc.; Ÿnsect; Vermitechnology Unlimited; VermiPro; Texas Worm Ranch; Earthworm Castings Unlimited |
The earthworm meal market is estimated to reach a valuation of about USD 487.2 million in 2023.
The global earthworm meal market value is projected to reach USD 1,034.3 million by 2033.
The global earthworm meal market is expected to grow at a CAGR of around 7.8% by 2033.
The United States is expected to have a market share of 19% in 2023.
Global demand for Earthworm Meal registered a CAGR of 3.3% historically, from 2018 to 2022.
1. Executive Summary 2. Market Overview 3. Market Dynamics 4. Global Market - Pricing Analysis 5. Value Chain Analysis 6. Global Market Demand (in Value (USD Million) and Volume (MT) Analysis 2017 to 2023 and Forecast 2022 to 2032 7. Global Market Analysis 2017 to 2023 and Forecast 2022 to 2032, By Form 7.1. Powder 7.2. Liquid 8. Global Market Analysis 2017 to 2023 and Forecast 2022 to 2032, By End Use 8.1. Aquafeed 8.2. Poultry Feed 8.3. Pet Food 8.4. Animal Feed Supplements 8.5. Fertilizer 9. Global Market Analysis 2017 to 2023 and Forecast 2022 to 2032, By Region 9.1. North America 9.2. Latin America 9.3. Europe 9.4. East Asia 9.5. South Asia 9.6. Oceania 9.7. Middle East & Africa 10. North America Market Analysis 2017 to 2023 and Forecast 2022 to 2032 11. Latin America Market Analysis 2017 to 2023 and Forecast 2022 to 2032 12. Europe Market Analysis 2017 to 2023 and Forecast 2022 to 2032 13. East Asia Market Analysis 2017 to 2023 and Forecast 2022 to 2032 14. South Asia Market Analysis 2017 to 2023 and Forecast 2022 to 2032 15. Oceania Market Analysis 2017 to 2023 and Forecast 2022 to 2032 16. MEA Market Analysis 2017 to 2023 and Forecast 2022 to 2032 17. Country-level Market Analysis 18. Market Structure Analysis 19. Competition Analysis 19.1. Anphu Earthworm Co., Ltd 19.2. Mazuri 19.3. Agricare Organic Farms Ltd 19.4. Taj Agro International 19.5. Kiryu Co., Ltd 19.6. Allworms Bio-Tech Co., Ltd. 19.7. XABC Biotech Co., Ltd 19.8. Viet Delta Industrial Company 19.9. Nature's Healing Remedies, Inc. 19.10. Ÿnsect 19.11. Vermitechnology Unlimited 19.12. VermiPro 19.13. Texas Worm Ranch 19.14. Earthworm Castings Unlimited 19.15. Other Players (On Additional Requests) 20. Assumptions and Acronyms Used 21. Research Methodology
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