�AGROBiz � �AY-JUNE . 2024

NEW market research report titled “ Black Soldier Fly Market by Product ( Protein Meals , Whole Dried Larvae , Biofertilisers { Frass }, Larvae Oil , Others { Cocoons , Pupa }), by Application ( Aquafeed , Animal Feed , Agriculture , Pet Food ), and Geography - Global Forecast to 2033 ” projected that the global black soldier fly market will reach US $ 3.96 billion by 2033 , with a Compound Annual Growth Rate ( CAGR ) of 31.0 per cent from 2024 to 2033 .

The market volume is also expected to reach 8.23 million tonnes by 2033 , increasing at a CAGR of 40.4 per cent .

According to the report by Meticulous Research ®, a prominent global market research firm , market growth is driven by increasing global meat consumption , the expanding aquaculture sector , higher demand for alternative proteins in animal feed due to rising soymeal and fishmeal prices , and growing government support for insect meal in livestock feed .

Growth opportunities in developed and emerging economies are also expected to contribute significantly to the market .

However , the market faces challenges such as a lack of standardised global regulations , limited acceptance and approval of black soldier fly larvae ( BSFL ) for human consumption , availability of cheaper alternatives , high skilled labour costs , and disease transmission risks from BSFL .

By 2050 , the demand for animal products in regions such as Asia , Africa , and Latin America is projected to increase by 70 per cent compared to 2017 .

This growth is driven by population expansion , economic development , and changing dietary patterns in these regions .

The increase in animal product prices can be attributed to rising feed costs , which account for 60-70 per cent of the total expenses in livestock production .

Moreover , essential protein supplies for feed , fish , and soybean meals are becoming increasingly expensive due to overfishing and competition with human food production . This has increased interest in insects as components of sustainable feed .

High-protein , low-environmentalimpact insects like the BSFL may eat a variety of organic waste streams . With the ability to transform organic waste

AGRICULTURE Department mandated on April 24 , 2024 , that dairy cows be tested for avian influenza before crossing state boundaries .

This action intensified the United States ’ response to a rapidly spreading avian flu outbreak that began with identifying viral fragments in commercial milk .

Effective Apr 29 , 2024 , this mandate required dairy cattle to test negative for Influenza A at a National Animal Health Laboratory Network facility before interstate transport . The United States Department of Agriculture ( USDA ) covered the testing costs .

The USDA also requires labs and state veterinarians to report all positive Influenza A results in livestock to the Animal and Plant Health Inspection Service ( APHIS ).

This measure aimed to gather more data on the transmission of the H5N1 virus between wild birds and dairy cows - a novel movement that needed further study .

Recent findings revealed that the virus may have been adapting to mammals where a cow in Kansas tested positive for H5N1 in lung tissue , which challenged the belief that the virus only replicated in the udder .

In the past , avian Influenza was detected in pasteurised milk samples , but the Food and Drug Administration ( FDA ) assured that the milk supply is still safe .

into premium nutrients , BSFL offers commercial prospects , including protein meal , a less expensive substitute for soybean and fishmeal in feeds for pigs , poultry , and fish .

Plus , animal feed makers are increasingly using BSFL components because of their high growth performance and the rising prices of traditional feed ingredients , which is driving the market expansion .

The market for black soldier flies is divided into product categories : protein meal , whole dried larvae , biofertilisers , and larvae oil . These products are used in various applications such as aquafeed , animal feed , agriculture , and pet food .

The protein meal segment is projected to dominate in 2024 , driven by increasing demand for sustainable proteins and government backing .

The aquafeed sector is expected to have a substantial market share due to regulatory clearances and the demand for sustainable alternatives to fish meals .

Despite being highly contagious and lethal to birds , avian flu has minimal impact on cattle , with affected herds displaying low mortality and signs of recovery .

The USDA also emphasised no evidence of increased transmissibility to humans .

ORIGIN Agritech Ltd , a prominent Chinese agricultural technology firm , recently unveiled a significant breakthrough in corn production technology .

This development , built on their history of innovation , involved creating a high-yield corn inbred line that surpasses traditional corn productivity .

This advancement , achieved through precise gene editing techniques , marked a notable milestone in the company ’ s dedication to sustainable and efficient agriculture .

Over two years , the gene-edited maise inbred line was tested in multiple locations , resulting in a remarkable yield increase of more than 50 per cent compared to the original line .

The significant increase in production offered enormous potential for tackling global food security issues by utilising sophisticated agricultural techniques .

Origin Agritech ’ s CEO & Chairman , Dr Gengchen Han , highlighted the importance of this achievement , seeing it as a transformative step in corn production towards meeting the escalating global food demand sustainably .

The company aimed to fully integrate this trait into its elite commercial corn line by the end of 2024 , anticipating a substantial improvement in seed yield and a significant reduction in hybrid seed production costs . Field demonstrations and seed production trials are scheduled for the summer of 2024 to showcase the technology ’ s performance and potential impact on revolutionising the agriculture industry .