Growth Drivers
Challenges
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.
The global earthworm farming market is further classified on the basis of region as follows:
Base Year |
2024 |
Forecast Year |
2025-2037 |
CAGR |
14.7% |
Base Year Market Size (2024) |
USD 183.18 million |
Forecast Year Market Size (2037) |
USD 1.08 billion |
Regional Scope |
|
Author Credits: Nilanjana Ray
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