The Earthworm Meals Market is experiencing a surge in popularity as a sustainable nutrient source for agriculture and animal feeding. With growing awareness of environmental concerns, earthworm meals are gaining traction due to their eco-friendly production and nutrient-rich properties. Farmers and livestock owners are increasingly turning to earthworm meals to enhance soil fertility and promote healthier animal growth, making it a promising market for the future. FMI’s latest report comprehensively analyzes industry trends, growth drivers, challenges, competitive landscape, customer preferences, and market opportunities.
NEWARK, Del, July 26, 2023 (GLOBE NEWSWIRE) — The Earthworm Meals Market is a burgeoning sector that has caught the attention of health-conscious consumers and eco-friendly enthusiasts alike. Earthworm meals, also known as vermicomposting or worm castings, are rich in nutrients and have become a sustainable alternative to traditional fertilizers. As the demand for organic and environmentally friendly products grows, the market for earthworm meals has expanded rapidly.
According to FMI’s analysis, the global earthworm meal market is estimated to be worth US$ 487.2 Million in 2023. By 2033, the market is projected to be worth US$ 1,034.3 Million growing at a CAGR of 7.8%.
The global market for earthworm meals is experiencing notable growth, driven by the rising demand for reliable and organic food sources. Earthworm meals, derived from environmentally friendly production processes, are proving to be a versatile and nutritious protein option for various industries, including aquaculture, poultry, and pet food.
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The aquaculture industry, in particular, has witnessed substantial expansion, driving demand for earthworm meals. As fish and shrimp farming becomes more prominent, the need for sustainable and nutrient-rich aquafeed has intensified. Earthworm meals, with their high protein content and balanced nutrient profile, have become a valuable ingredient in aquafeed formulations.
Earthworm meals have advantages beyond aquaculture. Producers of poultry and animals have adopted this sustainable protein source as well. The vital amino acids, vitamins, and minerals found in earthworm meals ensure that animals are kept in the best possible health. Because of their adaptability, earthworm meals can be used in a variety of animal feed formulations to fulfill the varied needs of the livestock business.
As per the study, earthworm species such as Eisenia fetida can efficiently replace unsustainable conventional animal and plant protein sources without compromising growth or having major economic and sustainability concerns when combined with proper feed management practices.
As the market for earthworm meals expands globally, business leaders, animal feed producers, and customers recognize the value of sustainable protein sources. By accepting earthworm meals, they promote responsible consumption, lower the burden on traditional feed sources, and contribute to a greener future.
Key Takeaways from the Earthworm Meals Market Report:
- The global earthworm meals market is expected to reach a valuation of US$ 1,034.3 Million by 2033
- Global demand for earthworm meals is likely to soar at 7.8% CAGR over the forecast period
- Based on form, the powder earthworm meal segment is anticipated to reach a valuation of US$ 372.2 Million by 2033
- By End-use, the fertilizer segment is expected to hold a market share of 36% in 2023.
- United States is projected to hold a dominant value share of 19% in the global market in 2023
- Japan’s earthworm meals market is projected to reach a valuation of US$ 128.3 Million by 2033
- India’s earthworm meals market is projected to grow with a CAGR of 6.9% over the span of the next ten years
“The global earthworm market is experiencing robust growth, driven by the increasing demand for alternative protein sources and eco-friendly practices in various industries. Earthworm meals have emerged as a valuable solution, offering a nutritious and versatile protein ingredient for aqua feed formulations and animal nutrition. As research and innovation continue to drive the development of efficient production methods and uncover new applications, the future of the global earthworm market looks promising.” – says a lead analyst at Future Market Insights (FMI)
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Top 15 Companies in the Earthworm Meals Market and Their Marketing Strategies:
- 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
Get More Valuable Insights
Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global earthworm meals market presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.
The study incorporates compelling insights on the earthworm meals market based on form (Powder and Liquid), End-use (Aquafeed, Poultry Feed, Pet food, Animal feed supplements, and Fertilizer), across various regions.
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Earthworm Meal Market by Category
By Form:
By End-use:
- Aquafeed
- Poultry Feed
- Pet food
- Animal feed supplements
- Fertilizer
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
About the Food & Beverage Division at Future Market Insights (FMI)
Expert analysis, actionable insights, and strategic recommendations – the Food & Beverage team at Future Market Insights (FMI) helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 Million + data points, the team has analyzed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.
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Originally published at https://www.einpresswire.com/article/646521537/earthworm-meals-market-expected-to-reach-us-1034-1-million-by-2033-driven-by-growing-adoption-as-a-sustainable-nutrient-source-in-agriculture-and
