Global Earthworm Farming Market - Industry Trends and Forecast to 2028

Request for TOC Request for TOC Speak to Analyst Speak to Analyst Buy Now Buy Now Inquire Before Buying Inquire Before Free Sample Report Free Sample Report

Global Earthworm Farming Market - Industry Trends and Forecast to 2028

  • Agriculture And Animal Feed
  • Upcoming Report
  • Aug 2021
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Earthworm Farming Market

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period
2022 –2029
Diagram Market Size (Base Year)
USD 0.10 Billion
Diagram Market Size (Forecast Year)
USD 0.27 Billion
Diagram CAGR
%
Diagram Major Markets Players
  • Guangxi Xintianyu Technology Co.
  • Vermi Co
  • Organic Sunrise Natural
  • My NOKE
  • NutriSoil

Global Earthworm Farming Market, By Type of Species (Eisenia Foetida, Perionyx Excavates, Lumbricus Terrestris, Eisenia Hortensis, Aporrectodea Calignosa and EudrilusEugeniae), Application (Fishing Bait, Agriculture, Animal and Fish Feed, Fowl Feed, Vermicomposting and Others),Country (U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Chile, Rest of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.

Earthworm Farming Market Market Analysis and Insights of Earthworm Farming Market

Data Bridge Market Research analyses that the earthworm farming market will project a compound annual growth rate (CAGR) of 13.70% during the forecast period of 2021-2028. Increased focus of the farmers towards adopting agricultural practices that multiply the productivity, surge in initiatives taken up by the government to promote organic farming and economic feasibility of earthworm farming are the major factors attributable to the growth of earthworm farming market. This means that the earthworm farming market value, which was USD 0.1 billion in 2020 will climb up to USD 0.27 billion by the year 2028.

Earthworms are the tubular shaped worms that are commonly present in the soil. From the name itself, it is clear that earthworm farming is farming or agricultural practice wherein earthworms play a crucial role. Earthworms are the organisms that can break the wastes into composts which in turn can be used as manures for the crops.  In other words, earthworms are the organisms that feed on the decay and break them down into simpler components in the form of castings. These castings in turn can be used for a wide variety of agricultural operations. Earthworm farming is not a modern agricultural practice however; it is still being relied upon today because of its feasibility. Earthworms are harvested for a wide variety of agricultural applications.

Growing preference for organic farming over conventional farming will emerge as the major factor fostering the growth of earthworm farming market. Growing awareness about the ill-effects of synthetically produced fertilizers on the soil and environment and increasing focus towards the adoption of practices that improve the overall crop productivity are other factors fostering the growth of earthworm farming market. Growth in the expenditure for research and development proficiencies coupled growing awareness about the benefits of earthworm farming such as it improves the drainage and air intake of the soil and so on will further create lucrative and remunerative growth opportunities for the earthworm farming market.

However, lack of scientific knowledge to the small and marginal farmers in the backward economies will pose a major challenge to the growth of earthworm farming market. Also, noticeable odour as a result of this practice will further slowdown the earthworm farming market growth rate. Huge chunk of time required for the whole process will further derail the earthworm farming market growth rate.

This earthworm farming market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on earthworm farming market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Global Earthworm Farming Market Scope and Market Size

The global earthworm farming market is segmented on the basis of type of species and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

  • Based on the type of species, the earthworm farming market is segmented into eiseniafoetida, perionyx excavates, lumbricusterrestris, eiseniahortensis, aporrectodeacalignosa and eudriluseugeniae.
  • On the basis of application, the earthworm farming market is segmented into fishing bait, agriculture, animal and fish feed, fowl feed, vermicomposting and others.

Earthworm Farming Market Country Level Analysis

The global earthworm farming market is analyses and market size, volume information is provided by country by type of species and application as referenced above.

The countries covered in the earthworm farming market report are U.S., Canada, Mexico in North America, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Chile, Rest of South America as a part of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).

Asia-Pacific region dominates the earthworm farming market and will continue to flourish its trend of dominance during the forecast period. This is because of the increased adoption of organic farming practices. Increasing initiatives by the government to promote organic farming will further bolster the market growth rate.

The country section of the earthworm farming market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Earthworm Farming Market Share Analysis

The earthworm farming market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to earthworm farming market.

The major players covered in the earthworm farming market report are Guangxi Xintianyu Technology Co., Ltd., Vermi Co, Organic Sunrise Natural, My NOKE, NutriSoil, Kahariam Farms., Davo's Worm Farms, and Worm power among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.


SKU-

Get online access to the report on the World's First Market Intelligence Cloud

  • Interactive Data Analysis Dashboard
  • Company Analysis Dashboard for high growth potential opportunities
  • Research Analyst Access for customization & queries
  • Competitor Analysis with Interactive dashboard
  • Latest News, Updates & Trend analysis
  • Harness the Power of Benchmark Analysis for Comprehensive Competitor Tracking
Request for Demo

Research Methodology

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Customization Available

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

Frequently Asked Questions

Earthworm Farming Market grow at a rate of 13.70% CAGR by 2028
Earthworm Farming Market value at a USD 0.27 billion by 2028
The major players covered in the earthworm farming market report are Guangxi Xintianyu Technology Co., Ltd., Vermi Co, Organic Sunrise Natural, My NOKE, NutriSoil, Kahariam Farms., Davo's Worm Farms, and Worm power among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately.
Global Earthworm Farming Market segmented By Application such as Fishing Bait, Agriculture, Animal and Fish Feed, Fowl Feed, Vermicomposting and Others.