Earthworm Farming Market size was valued at USD 159.7 million in 2023 and is likely to reach USD 949.79 million by 2036, expanding at around 14.7% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of earthworm farming is estimated at USD 178.48 million.
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.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
14.7% |
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Base Year Market Size (2023) |
USD 159.7 million |
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Forecast Year Market Size (2036) |
USD 949.79 million |
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Regional Scope |
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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.
Our in-depth analysis of the global earthworm farming market includes the following segments
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By Species |
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By End-Use
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North America Market Statistics
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. North America is poised to dominate majority revenue share by 2036, 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 earthworm farming 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.
Author Credits: Nilanjana Ray
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