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Earthworm Farming Market Segmentation by Species (Eisenia fetida, Eisenia andrei, Eudrilus eugeniae, Perionyx excavatus and Others); by End-Use (Vermicompost, Farming, Fishing Bait, Fowl Feed, and Others) – Global Demand Analysis & Opportunity Outlook 2030

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Extensive insights into the Growth of Earthworm Farming Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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IN THE NEWS

  • July, 2019: MyNoke announced that its vermicast products improve the growth and yield of strawberries, and is highly used by farmers.
  • February, 2020: Kaharium Farms announced the breeding of black soldier flies for organic farming, after the success of earthworm farming.  

Global Earthworm Farming Market Highlights over 2022-2030

The global earthworm farming market is estimated to garner a robust CAGR over the forecast period, i.e., 2022–2030. The growth of the market can be attributed to the various uses of earthworms, such as, organic farming, making compost, and as a feed for poultry and other animals and birds. The benefits provided by earthworms were discovered in the recent past, and earthworm farming has witnessed tremendous growth ever since. Earthworms can convert organic waste into compost, which acts as a highly advantageous organic fertilizer. Moreover, they aerate the soil by making it porous, and their castings balance the ph of the soil, which is why earthworms are used in farming. Furthermore, they are a rich source of protein, and are used as a feed for chicken, ducks, and other animals. These uses of earthworms are anticipated to drive the market growth. In addition to this, earthworm farming does not require large investments, and is economically feasible, which is expected to further boost the market growth.

Global-Earthworm-Farming-Market-Overview

The global earthworm farming market is segmented by species into Eisenia fetida, Eisenia andrei, Eudrilus eugeniae, Perionyx excavatus and others, out of which, the Perionyx excavatus segment is anticipated to hold the largest share in the market during the forecast period as this species is most commercially produced species. Also known as composting worms, this species produces maximum casting, in the least time, making it most commercially viable. On the basis of end-use, the market is segmented into vermicompost, farming, fishing bait, fowl feed, and others, out of which the farming segment is estimated to garner the largest revenue during the forecast period, owing to the increasing trend of organic farming, where earthworms are replacing nitrogenous chemical fertilizers. CLICK TO DOWNLOAD SAMPLE REPORT

Global Earthworm Farming Market Regional Synopsis

Regionally, the global earthworm farming market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in North America region is estimated to garner largest share over the forecast period on the back of growing adoption of organic farming in the United States. According to the statistics by the U.N. Food and Agriculture Organization (FAO), more than 2.8 million farmers practiced organic farming in the U.S., as of 2020. Moreover, according to the US Department of Agriculture (USDA), 4% of the total food produced is organic in the U.S.

The market in the Europe region is estimated to witness highest CAGR over the forecast period, owing to the increasing practice of organic farming and poultry farming, in countries, such as, Italy, France, UK, and Germany. In 2019, more than 0.3 million farmers were practicing organic farming in the European Union.

Global-Earthworm-Farming-Market-Share

The global earthworm farming market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis.
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Market Segmentation

Our in-depth analysis of the global earthworm farming market includes the following segments:

By Species

  • Eisenia fetida
  • Eisenia andrei
  • Eudrilus eugeniae
  • Perionyx excavatus
  • Others

By End-Use

  • Vermicompost
  • Farming
  • Fishing Bait
  • Fowl Feed
  • Others

Growth Drivers

  • Growing Trend of Organic Farming
  • Economic Feasibility of Earthworm Farming

Challenges

  • Lack of Scientific Knowledge to Farm Earthworms

Top Featured Companies Dominating the Market

Various local level companies in the United States, New Zealand, and United Kingdom, are producing vermi beds and compost to organic farmers. Companies, such as, NutriSoil, My Noke, Davo’s Worm Farm, Worm power, Kahariam Farms, and Vermico, provide vermicompost, and earthworms to end-users. The market has enormous opportunities for new market players to invest in the market.

 

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