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.
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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.
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.
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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).
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