Business / Stock Market

Black Soldier Fly (BSF) Market is Expected to reach $3. 4 billion by 2030, at a CAGR of 34. 7% During the Forecast Period of 2021 to 2030 - Exclusive Report by Meticulous Research?

Published Sep 13 2021 at 12:42 PM GMT

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13, 2021 (GLOBE NEWSWIRE) -- The latest research report titled "Black Soldier Fly Market by Product (Protein Meals, Biofertilizers {Frass}, Chitin/ Chitosan, Others {Cocoons, Pupa}), Application (Animal Feed, Agriculture, Pet Food, Pharmaceutical, Cosmetic, Biofuel), and Geography" Global Forecast to 2030", published by Meticulous Research®, the Black Soldier Fly (BSF) Market is expected to reach $3.4 billion by 2030, at a CAGR of 34.
7% during the forecast period of 2021 to 2030.
The growth of this market is mainly attributed to the growing global demand for animal products, growing aquaculture industry, increasing demand from the animal feed industry for alternative proteins, and increasing government approvals of insect meal in livestock feed.
Download"Free Sample Report Now @'https://www meticulousresearch com/download-sample-report/cp_id=5074 Over the recent years, there has been a significant increase in the demand for high-quality meat in emerging economies, such as Southeast Asia, the Middle East & Africa, and Latin America, mainly attributed to the population growth in Asia and Africa and increasing urbanization.
According to FAO, the global meat production is projected to expand to around 48 metric tons by 2025, predominantly in developing countries, accounting for approximately 73% of the total production.