EARTHWORM FARMING MARKET ANALYSIS

Earthworm is a type of worm which is tubular in shape and is commonly found in soil. They feed on decaying organic matter and break it down to simpler components in the form of castings which can be used as fertilizer for crops. Earthworm farming involves harvesting of worms which are later used for other applications such as vermicomposting, fishing bait and others. Since ancient times, earthworms are being used on farms to increase crop production. Additionally, earthworms are used in fishing and cattle industry as feed as they are rich source of proteins.

Market Outlook

• Farmers prefer using composts, produced by earthworms, over synthetically manufactured fertilizers as they don’t cause soil pollution and are eco-friendly solutions for increasing crop yield. Moreover, they also improve the drainage and air intake of the soil, as a result of which soil productivity increases. These factors are expected to fuel the demand for earthworms in the agriculture industry over the next few years.
• Among regions, Asia-Pacific dominates the earthworm farming market and is expected to grow substantially in the upcoming years. Countries in the tropical and sub-tropical belt have hot and humid climate which provides a sustainable environment to earthworms. Furthermore, the agriculture industry in Asia Pacific, which is still one of the predominant sources of income in emerging economies, is facing a challenge in meeting demand for food owing to the rising population. According to India Brand Equity Foundation (IBEF)’s report, in 2018, the estimated food grain production in India was around 285 million tons. This is expected to drive demand for earthworms from the agriculture industry in the region.
• Earthworms can consume nearly any type of organic matter and can feed up to half of their body weight in a day under ideal conditions. The ease of availability of raw material provides a major advantage for new entrants in the industry. A large variety of organic products can be used as worm food such as animal manure, bio-degradable kitchen wastes, food leftovers, spoiled grains, dead plants & leaves, seaweeds and others. Furthermore, low operation cost of earthworm farming is predicted to create lucrative opportunity for market players to expand their presence, especially in emerging economies.
• Earthworm farming market has witnessed a rise in demand for earthworms for the aquaculture industry in the recent years. Earthworms are a rich source of protein and thus provide an economical solution for maintaining fish growth and health. Furthermore, they are also commonly used in recreational fishing activities as bait for fishes. According to the National Survey of Fishing, Hunting, and Wildlife-Associated Recreation, in U.S., 39.6 million U.S. residents went for recreational fishing in 2016, which has fueled demand for earthworms in the North America region.

Market Taxonomy

On the basis of type, the global earthworm farming market is segmented into:

• Eisenia Foetida
• Lumbricus Terrestris.
• Eisenia Hortensis
• Aporrectodea Calignosa
• Eudrilus Eugeniae

On the basis of application, the global earthworm farming market is segmented into:

• Fishing bait
• Agriculture
• Animal & Fish feed

On the basis of region, the global earthworm farming market is segmented into:

• Asia Pacific

• China
• India
• Japan
• ASEAN
• Australia
• South Korea
• Rest of Asia Pacific

• North America

• U.S.
• Canada

• Europe

• U.K.
• Germany
• France
• Italy
• Russia
• Rest of the Europe

• Latin America

• Brazil
• Mexico
• Argentina
• Rest of South America

• Middle East

• GCC
• Israel
• Rest of Middle East

• Africa

• North Africa
• Central Africa
• South Africa