Beneficial Insects Market

Global Beneficial Insects Market Size (2024 to 2029)

The global beneficial insects market size is expected to reach USD 1041.18 million in 2024 and reach USD 1692.13 million by 2029, growing rate of 10.2% between 2022 and 2027.

Beneficial insects are referred to as the type of insects that perform valuable services such as pest control, weed control, soil formation, pollination of flowers, reducing the spread of environmental diseases, etc. Whereas insects that cause an interruption in the production process are known as non-beneficial insects. The beneficial insects are used to eat other harmful pests and protect the crops from causing damage. This beneficial microbial can be used to decompose the natural waste and thus helps in enhancing the nutrients of the soil, which results in healthy crop production. Furthermore, these beneficial insects help the pollination process and thus help in more production. The beneficial insects help in preventing pests and weeds, thus reducing the use of insecticides, fungicides, or chemicals, which helps in increasing organic crop production. The beneficial insects help in production as well as the protection of the crops. Thus, owing to having more advantages, the demand for beneficial insects is expected to increase in the forecast period between 2022 and 2027.

MARKET DRIVERS

The driving force of the Beneficial Insects Market is increasing demand in food security of the growing population, along with the limited agriculture land available worldwide, rise in the crop loss due to various pest problems, increasing demand of organic food.

The rising concern towards the environment among the worldwide population drives the growth of the market. The beneficial insects eaten up the other harmful insects and helps in controlling the spread of harmful diseases as well decrease the population of other pests.

The increasing awareness among growers towards the benefits of insects in agriculture drives the growth of this market. The beneficial insects are used to eat other insects, fungi, critters, etc, that damage the crop. The farmers are using beneficial insects in order to protect crops from other harmful insects and thus preventing the use of insecticides, fungicides or other which is harmful for humans also. Owing to the increasing demand for organic food, the demand for beneficial insects is increasing in the market.

Additionally, the increasing adoption of Integrated Pest Management helps in controlling pests, which results in increasing crop production and protection. Moreover, beneficial insects help in decomposing plants and other natural residues, thus helping in soil formation and increasing soil nutrients also, which further increase crop production. Furthermore, increasing investment in R&D in order to get more advantages of beneficial insects drives the growth of beneficial insects in the market in the projected period between 2022 and 2027.

MARKET RESTRAINTS

The short shelf life of microbial and the use of microbial is labor intensive, thus increasing farming costs, which obstructs the market growth. The shelf life of microbes is very low, and if the microbial population becomes less, it does not control their prey pests effectively. Also, the use of microbes needs labor in order to have effective use of beneficial insects, thus increasing the cost. Moreover, some farmers are showing their reluctance to adopt microbially, which is expected to become a challenge for beneficial insect market growth.

REPORT COVERAGE

SEGMENT ANALYSIS

Global Beneficial Insects Market Analysis By Type

The Predators segment is expected to dominate the beneficial insects market in the forecast period. Predators capture and eat other organisms, such as insects or mites. These are used to frequently attack different life stages of the pests and even different pest species. Many of the predators are also able to supplement their diet by feeding on alternative food sources such as nectar, fungi, and pollen. Predators are often hungry feeders and more robust as compared to parasites. Additionally, predation operates to increase growth rate by thinning the density of prey populations which releases survivors from competition. At the same time, predators threaten their prey in order to decrease their feeding activity, and increasing refuge use causes prey to grow slowly.

REGIONAL ANALYSIS

North America holds the largest share of the Beneficial Insects Market, followed by Europe and the Asia-Pacific region. North America alone holds 30% of the total market share, while Europe and Asia-Pacific region together hold 50% of the total share of the beneficial insects market. In North America, the reason behind the largest market share is the huge adoption of beneficial insects for crop protection, and the large consumption of fresh fruits and vegetables drives the growth of this market in this region. The increasing awareness about the benefits of organic products among the population, adoption of IPM practices, and increasing environmental concerns fuel the growth of this market in this region.

Asia Pacific is expected to become the fastest growing market of beneficial insects due to increasing awareness about the benefits of insects in crop protection as well as crop production. Also, the increasing investment from several manufacturers in this region for crop production drives the growth of the beneficial insects market in the projected period. Additionally, increasing adoption of advanced technologies and extensive R&D initiatives have been undertaken in order to explore new varieties of beneficial insects and their effective control methods, further boosting the market growth in the forecasted period.

In Europe, agriculture plays a vital role and governmental stringent regarding healthy food consumption and environmental concerns drives the growth of beneficial insects market in near future.

KEY PLAYERS IN THE GLOBAL BENEFICIAL INSECTS MARKET

Some of the leading companies operating in the Global Beneficial Insects Market are, Tip Top Bio Control, Applied Bio-Nomics Ltd., Natural Insect Control, Biobest NV, Dudutech, Bioline Agrosciences Ltd., Biological Services, Fargro Ltd, Biobee Biological Systems Ltd., Arbico Organics, Andermatt Biocontrol AG. Some of the market players that are dominating the global beneficial insects market.

RECENT HAPPENINGS IN THE GLOBAL BENEFICIAL INSECTS MARKET

• In Feb 2021, Bioline Agrosciences has announced the acquisition of the Kenyan Biocontrol company named Dudutech from British Flamingo Group International in order to promote the agricultural and food transition towards a resilient agrosystem by developing innovative and responsive products and solutions.
• In December 2021, Biotalys (an Agricultural Technology company focused on addressing food protection challenges with protein-based bio solutions) and Biobest (a global leader in biocontrol and pollination in covered crops) entered into a strategic partnership in order to expand the reach of novel biocontrol solutions. In this partnership, Biobest is aiming to deliver an innovative and complete range of biological solutions to growers in all major geographical markets.
• In December 2021, the Vineland Research and Innovation Center has launched a new general predator to help control pests associated with increased crop diversity in Canadian Green house. This innovation is made due to five-year project funded in the part by the government of Canada under Canadian Agricultural Partnership Agroscience program.

DETAILED SEGMENTATION OF THE GLOBAL BENEFICIAL INSECTS MARKET INCLUDED IN THIS REPORT

This research report on the global beneficial insects market is segmented and sub-segmented into the following categories.

By Type

• Predators
• Parasitoids
• Pathogens
• Pollinators

By Application

• Crop Protection
• Crop Production

By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa