Friday, May 27, 2022

Mealworms Market: Reach $1.27 Billion by 2030 at a CAGR of 25.8%

 The mealworm farming business is impactful at its root. It lessens the burden on the environment by reducing GHG emissions and water, land, and feed usage. The environmental impact of food production is increasingly brought to the forefront of sustainability debates, particularly surrounding the reduction of CO2 emission and other factors, such as water and land use. By 2025, it is estimated that at least 1.8 million people will be living in regions with inadequate freshwater supplies, and two-thirds of the global population will be in areas under pressure from falling water sources (Source: FAO). The rising demand for meat is expected to pressure natural areas to be converted to farmlands. Globally, twice as much land is used for rearing livestock than growing crops. Moreover, a third of those crops harvested are fed to livestock.

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