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Beneficial Insects Market Size, Share, Industry Trends and Forecast to 2033
This report provides an in-depth analysis of the Beneficial Insects market, covering aspects like market trends, segmentation, and regional analysis, while forecasting insights from 2023 to 2033.
| Metric | Value |
|---|---|
| Study Period | 2023 - 2033 |
| 2023 Market Size | $6.30 Billion |
| CAGR (2023-2033) | 7.2% |
| 2033 Market Size | $12.88 Billion |
| Top Companies | Syngenta AG, BASF SE, AmeriSeed, Inc., BioBee Sde Eliyahu, Israel |
| Last Modified Date | 15 Nov 2024 |
Beneficial Insects Market Report (2023 - 2033)
Beneficial Insects Market Overview
What is the Market Size & CAGR of Beneficial Insects market in 2023?
Beneficial Insects Industry Analysis
Beneficial Insects Market Segmentation and Scope
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Beneficial Insects Market Analysis Report by Region
Europe Beneficial Insects Market Report:
Europe's market is estimated at $1.68 billion in 2023 and is expected to reach $3.42 billion by 2033, supported by strict regulations favoring sustainable agricultural inputs and a well-established market for organic produce.Asia Pacific Beneficial Insects Market Report:
The Asia-Pacific region holds a market value of approximately $1.24 billion in 2023, expected to grow to $2.54 billion by 2033. This growth is driven by rising agricultural activities and the increasing adoption of sustainable farming practices among developing nations.North America Beneficial Insects Market Report:
North America boasts a market size of $2.05 billion in 2023, growing to $4.19 billion by 2033. The growth is propelled by advanced agricultural research and robust investments in organic farming and sustainable pest control technologies.South America Beneficial Insects Market Report:
The South American market is valued at $0.51 billion in 2023 and is projected to reach $1.05 billion by 2033. The region is witnessing growth due to expanding agricultural sectors in countries like Brazil and Argentina, which are increasingly adopting integrated pest management strategies.Middle East & Africa Beneficial Insects Market Report:
The Middle East and Africa market was valued at $0.82 billion in 2023 and is expected to attain $1.67 billion by 2033. This region is increasingly focusing on agricultural sustainability, although it faces challenges like water scarcity and land degradation.Request a custom research report for industry.
Beneficial Insects Market Analysis By Type
Global Beneficial Insects Market, By Type Market Analysis (2023 - 2033)
Pollinators dominate the market with a size of $4.12 billion in 2023 and projected to grow to $8.42 billion by 2033, capturing 65.42% market share. Predators follow, sized at $1.73 billion in 2023 and expected to hit $3.54 billion by 2033 with a 27.48% share. Parasitoids, while smaller, are situating at $0.45 billion in 2023 and poised for growth to $0.91 billion, holding 7.1% of the share.
Beneficial Insects Market Analysis By Application
Global Beneficial Insects Market, By Application Market Analysis (2023 - 2033)
The agriculture sector stands out with a size of $4.12 billion in 2023 and is on track for growth to $8.42 billion by 2033, representing a 65.42% share. Horticulture is significant, with current values of $1.73 billion projected to expand to $3.54 billion. Greenhouses encapsulate a smaller yet critical segment, growing from $0.45 billion to $0.91 billion by 2033, holding a share of 7.1%.
Beneficial Insects Market Analysis By Distribution Channel
Global Beneficial Insects Market, By Distribution Channel Market Analysis (2023 - 2033)
Online sales comprise a substantial segment, with a market size of $5.21 billion in 2023 expected to reach $10.66 billion by 2033, accounting for 82.74% of the share. Offline channels are valued at $1.09 billion and are projected to grow to $2.22 billion, comprising 17.26%.
Beneficial Insects Market Analysis By Region
Global Beneficial Insects Market, By Region Market Analysis (2023 - 2033)
Regional segmentation shows variations in market values and growth trends, with North America leading in size, followed by Europe. Asia-Pacific displays strong growth potential, while South America and MEA regions are developing steadily through increased agricultural activities and sustainable practices.
Beneficial Insects Market Trends and Future Forecast
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Global Market Leaders and Top Companies in Beneficial Insects Industry
Syngenta AG:
A global leader in agrochemicals involved in various initiatives to promote biological pest control and enhance sustainable agriculture.BASF SE:
BASF engages in product innovations in biological insecticides, expanding their product lines to encompass more beneficial insects.AmeriSeed, Inc.:
A leading provider of beneficial insects supporting the burgeoning organic farming sector with a comprehensive range of pest control solutions.BioBee Sde Eliyahu, Israel:
Pioneers in rearing beneficial insects focusing on pollinators and pest control options, contributing significantly to sustainable agricultural practices.We're grateful to work with incredible clients.
