Beneficial Insects Market by Type (Parasitoids, Pollinators, Predators), Crop Type (Flowers & Ornamentals, Fruits & Vegetables, Grains & Pulses), Application - Global Forecast 2024-2030

Beneficial Insects Market by Type (Parasitoids, Pollinators, Predators), Crop Type (Flowers & Ornamentals, Fruits & Vegetables, Grains & Pulses), Application - Global Forecast 2024-2030

The Beneficial Insects Market size was estimated at USD 946.84 million in 2023 and expected to reach USD 1,029.69 million in 2024, at a CAGR 9.18% to reach USD 1,751.90 million by 2030.

Beneficial insects provide natural pest control solutions and pollination services for agricultural crops and green spaces. These insects are considered environmentally friendly alternatives to chemical pesticides, contributing to sustainable agriculture and maintaining ecological balance. The demand for organic food is rising due to increasing health awareness among consumers, resulting in adopting of eco-friendly methods, including beneficial insects in crop production that reduce synthetic pesticides. Governmental support through policies and subsidies promoting integrated pest management (IPM) strategies contributes significantly to the adoption of beneficial insects. However, the lack of awareness among farmers about biological pest control methods may lead to slow adoption rates of beneficial insects. Moreover, research advancements in understanding insect biology have led to the development of more effective applications of these organisms in pest management systems.

Regional Insights

The beneficial insect market is evolving in the Americas owing to its increased recognition in integrated pest management (IPM) for improved agriculture and horticulture practices. The European Union (EU) has made significant investments in developing and implementing environmentally friendly pest management solutions. EU regulations encourage farmers to adopt IPM practices that minimize reliance on chemical pesticides. In the Middle East, various countries are exploring the potential benefits of using native insect species for pest control, particularly in date palm cultivation. African nations face unique challenges related to climate change and food security, which necessitate the development of sustainable agricultural practices, including the use of beneficial insects. APAC region is increasingly focusing on biological control methods to address food safety and environmental issues stemming from intensive pesticide use. Additionally, growing consumer preference for organic produce has driven interest in natural pest control measures in the APAC region. Besides, significant government support for sustainable agricultural practices and improved breeding methods of beneficial insects are anticipated to expand their use in horticulture and agriculture globally.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Beneficial Insects Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

• Inclination towards sustainable agricultural practices
• Increase in bee-keeping activities worldwide coupled with government support
• Stringent regulations pertaining to use of chemical pesticides

Market Restraints

• Lack of awareness regarding beneficial insects among farmers

Market Opportunities

• Improved mass production of beneficial insects
• Significant investments to increase research and applications of beneficial insect

Market Challenges

• Adverse effects of climate change on beneficial insects

Market Segmentation Analysis

• Type: Expanding applications of predators in sustainable agriculture practices
• Crop Type: Significant use for cultivation of fruits & vegetables
• Application: Proliferating demand of beneficial insects for crop protection

Market Disruption Analysis

• Porter’s Five Forces Analysis
• Value Chain & Critical Path Analysis
• Pricing Analysis
• Technology Analysis
• Patent Analysis
• Trade Analysis
• Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Beneficial Insects Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Beneficial Insects Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

USDA NIFA Invests USD 26.7 Million to Further Research into Pests and Beneficial Species (AFRI A1112)

The USDA-NIFA has made a significant investment of USD 26.7 million to further research pests and beneficial species in Africa. The research primarily concentrates on the study of beneficial insects, which play a crucial role in providing invaluable services to ecosystems. These insects contribute to increased crop yields and enhanced biodiversity, making them essential for sustainable agriculture and environmental conservation efforts.

USask Invites Media to Attend Launch of New Insect Research Facility

The University of Saskatchewan is inviting media professionals to attend the launch of its new research facility focused on beneficial insects. This state-of-the-art facility aims to deepen our understanding of these insects and promote their importance in various areas, including the environment, agriculture, and human health. This event presents an excellent opportunity to learn more about the significant benefits that beneficial insects offer and their potential impact on our well-being.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Beneficial Insects Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Beneficial Insects Market, highlighting leading vendors and their innovative profiles. These include Anatis Bioprotection, Andermatt Group AG, Applied Bio-nomics Ltd., Arizona Biological Control, Inc., BioBee Ltd., Biobest Group, Bioline AgroSciences Ltd. Corporation, Biological Services, Bionema Limited, Corteva Agriscience, Evergreen Growers Supply, LLC, Growliv Biologicals, IPM laboratories, Inc., Koppert B.V., Organic Control, Inc., and Tip Top Agriculture.

Market Segmentation & Coverage

This research report categorizes the Beneficial Insects Market to forecast the revenues and analyze trends in each of the following sub-markets:

• Type
• Parasitoids
• Pollinators
• Predators
• Crop Type
• Flowers & Ornamentals
• Fruits & Vegetables
• Grains & Pulses
• Application
• Crop Production
• Crop Protection

Region

• Americas
• Argentina
• Brazil
• Canada
• Mexico
• United States
• California
• Florida
• Illinois
• New York
• Ohio
• Pennsylvania
• Texas
• Asia-Pacific
• Australia
• China
• India
• Indonesia
• Japan
• Malaysia
• Philippines
• Singapore
• South Korea
• Taiwan
• Thailand
• Vietnam
• Europe, Middle East & Africa
• Denmark
• Egypt
• Finland
• France
• Germany
• Israel
• Italy
• Netherlands
• Nigeria
• Norway
• Poland
• Qatar
• Russia
• Saudi Arabia
• South Africa
• Spain
• Sweden
• Switzerland
• Turkey
• United Arab Emirates
• United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year