Demand for insect feed in Japan is expected to be USD 23.5 million in 2023. The demand in 2022 was marked at USD 19.9 million. The sales of insect feed are projected to continue at a phenomenal pace over the period from 2023 to 2033, with a CAGR of 20.9%. By 2033, the adoption of insect feed in Japan is forecasted to reach USD 156.8 million.
Attributes | Details |
---|---|
Industry Size for Japan in 2023 | USD 23.5 million |
Expected Industry Size for Japan by 2033 | USD 156.8 million |
Forecasted CAGR between 2023 to 2033 | 20.9% |
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Insect feed in powder form has emerged as the dominant force in Japan. For 2023, meal (powder) is expected to hold 59.0% of the industry share by product type. While traditional insect feed is also used in Japanese farms, processed insect feed in a more palpable form is increasingly preferred. Powder has emerged as the dominant product type for providing insect feed to animals in Japan.
Demand for Insect Feed in Japan Based on Product Type | Meal (Powder) |
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Industry Share in 2023 | 59.0% |
In Japan, insect feed commonly contains black soldier flies. In 2023, black soldier flies are expected to constitute 42.8% of the industry share by insect type. Black soldier flies are abundant in nature. In addition, black soldier flies are also reputed to have magnificent nutritional value, which is beneficial for healthy animals and fish. Thus, black soldier flies as insect feed are popular in Japan.
Demand for Insect Feed in Japan Based on Insect Type | Black Soldier |
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Industry Share in 2023 | 42.8% |
Local companies have a strong foothold in Japan. However, foreign companies are entering Japan to disrupt the landscape of insect feed in the country. Companies are forming partnerships to penetrate the Japanese insect feed industry. By establishing partnerships, players aim to combine capabilities in various areas of insect feed production to progress further.
Recent Developments Observed in Insect Feed in Japan
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Attribute | Details |
---|---|
Estimated Industry Size in 2023 | USD 23.5 million |
Projected Industry Size by 2033 | USD 156.8 million |
Anticipated CAGR between 2023 to 2033 | 20.9% CAGR |
Historical Analysis of Demand for Insect Feed in Japan | 2018 to 2022 |
Demand Forecast for Insect Feed in Japan | 2023 to 2033 |
Report Coverage | Industry Size, Industry Trends, Key Insights for Insect Feed in Japan, Insights on Global Players and Leading Industry Strategy in Japan, Ecosystem Analysis of Local and Regional Japan Providers |
Key Companies Profiled | Ento Protein; Protifarm; Cricket One; Insect Future; AgriProtein; Greenbug Protein; Next Protein; Entomo Farms; Mealworm Protein; InsectFeed |
Key Cities Profiled | Kanto, Chubu, Kinki, Kyushu & Okinawa, Tohoku, Rest of Japan |
The industry size of insect feed in Japan is estimated to be USD 23.5 million in 2023.
Insect feed is expected to develop at an extraordinary CAGR of 20.9% from 2023 to 2033 in Japan.
The industry size for insect feed is forecasted to reach USD 156.8 million in Japan by 2033.
Black soldiers are the common type of insect in insect feed in Japan, with an expected industry share of 42.8% in 2023.
Increasing adoption in poultry farms and rise in meat consumption are key growth factors for insect feed in Japan.
Estimated Market Share in 2023 | USD 1,561 Million |
---|---|
Forecasted Market Size by 2033 | USD 8,124 Million |
Projected Market Growth Rate from 2023 to 2033 | 17.9% CAGR |
Estimated Market Size (2023) | USD 2 billion |
---|---|
Projected Market Size (2033) | USD 4 billion |
CAGR (2023 to 2033) | 7.1% |
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