Black Soldier Fly Market

What Are the Key Drivers Behind the Growth of the Black Soldier Fly Market in the Middle East & Africa?

Middle East & Africa Black Soldier Fly Market 2023-2033 According to the latest report from Meticulous Research , the Middle East & Africa black soldier fly (BSF) market is set to achieve a remarkable growth trajectory, reaching $47.88 million by 2033. This growth is anticipated at a compound annual growth rate (CAGR) of 20.2% from 2023 to 2033. Several factors are driving this expansion, including the high willingness of feed processors and farmers to integrate BSF into their feeds, the rising demand for alternative proteins due to increasing costs of traditional feeds like fish and soy meal, and the expanding aquaculture industry. Request for Sample Report: https://www.meticulousresearch.com/request-sample- report/cp_id=5649 Despite these growth drivers, the market faces challenges. One significant hindrance is the limited acceptance and regulatory approvals for incorporating BSF into human diets, which could potentially slow down-market growth. The market is segmented into various product categories, including whole dried larvae, oil, protein meals, biofertilizers (frass), and other BSF products. In terms of application, the market spans agriculture, animal feed, pet food, and other uses. Geographically, the market is divided into key regions such as Saudi Arabia, the United Arab Emirates (UAE), South Africa, and the Rest of the Middle East & Africa. In 2023, protein meals are projected to hold the largest market share. This is largely due to the rising demand from the animal feed industry, increased prices of fish and soy meals, and supportive government policies promoting the use of insect meals in animal feed. The animal feed sector is expected to dominate the market, driven by growing meat consumption, increasing demand for protein-rich animal feed, escalating soy meal prices, and the widespread adoption of BSF meals in animal feeds. Among the countries studied, South Africa is predicted to experience the highest CAGR during the forecast period. This growth is attributed to the rising trend of adopting alternative proteins, increasing demand for aquaculture and animal feed, and the proactive integration of BSF into feed. The market is characterized by moderate competition with numerous global, regional, and local players. Notable companies operating in the market include BioflyTech (Spain), Entoprotech Ltd (Israel), PROTICYCLE (South Africa), KIMMY FARM (Vietnam), and NovFeed (T) Limited (Tanzania). Buy Now: https://www.meticulousresearch.com/Checkout/53376511 Page 1 of 2 Meticulous Research| sales@meticulousresearch.com

Middle East & Africa Black Soldier Fly Market 2023-2033 About Meticulous Research Meticulous Research was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to detail. With meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth. Contact Us: Meticulous Research Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research Page 2 of 2 Meticulous Research| sales@meticulousresearch.com