Global Worm Farming Market Size, Share, Trends, Industry Growth by Type (Eisenia Foetida, Perionyx Excavates, Lumbricus Terrestris, Eisenia Hortensis, Aporrectodea Calignosa, EudrilusEugeniae), by Application (Fishing Bait, Agriculture, Animal and Fish Feed, Fowl Feed, Vermicomposting, Others), by Region, and Forecast to 2030

Report ID: RC28395 | Report Format: PDF + Excel | Starting Price: 3600/- USD | Last Updated: April 4th, 2024

The global worm farming market size is anticipated to register a higher CAGR of over 13% during the forecast period from 2024 to 2030. The growing consumer interest in sustainable agriculture, spurred by environmental awareness, is driving demand for vermicomposting—a natural, chemical-free approach to soil enrichment. With the global surge in organic farming, worm castings, rich in nutrients, align seamlessly with this trend. Governments worldwide, recognizing the need for sustainable practices, offer incentives and regulations that favor worm farming. The rise of urban gardening and the compact nature of vermicomposting systems address waste management concerns while catering to limited spaces. Technological advancements, including automated systems, enhance efficiency and scalability. Educational initiatives, a growing demand for organic products, and a global focus on sustainable development further contribute to the industry’s momentum. Worm farming stands at the intersection of eco-consciousness, regulatory support, and technological innovation, making it a promising force in sustainable agriculture and waste management.

Market Snapshot:

Benchmark Year 2023
Market Size lock
Market Growth (CAGR) > 13% (2024-2030)
Largest Market Share North America
Analysis Period 2020-2030
Market Players NutriSoil, My Noke, Davo’s Worm Farm, Worm power, and Kahariam Farms

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Market Drivers:

Growing Interest in Sustainable Agriculture: There is a noticeable shift in consumer preferences towards sustainable and environmentally friendly agricultural practices. Worm farming, particularly through vermicomposting, is seen as a natural and sustainable way to enhance soil fertility without relying on synthetic chemicals.

Rising Popularity of Organic Farming: The global movement towards organic farming, driven by health and environmental concerns, has spurred the demand for organic fertilizers. Worm castings, rich in nutrients and beneficial microorganisms, align perfectly with the principles of organic agriculture.

Waste Management Concerns: As communities grapple with mounting waste management challenges, vermicomposting emerges as an effective solution for organic waste. Worms efficiently convert kitchen scraps and other organic materials into nutrient-rich compost, addressing both waste reduction and soil enrichment.

Government Support and Regulations: Governments around the world are increasingly recognizing the importance of sustainable agricultural practices. Incentives, subsidies, and supportive regulations can encourage farmers and businesses to adopt vermicomposting and other worm farming methods.

Growth in Urban Gardening: The trend of urban gardening, driven by a desire for fresh, locally sourced produce, is complemented by the compact and manageable nature of vermicomposting systems. Worm farming provides urban dwellers with a practical solution for recycling kitchen waste and producing nutrient-dense compost in limited spaces.

Expansion of Agriculture and Horticulture Industries: Traditional agriculture and horticulture industries are embracing worm farming for its ability to enhance soil structure and fertility. Worm castings act as a natural soil conditioner, promoting better plant growth and yields.

Awareness about Soil Health: Farmers and gardeners are increasingly recognizing the importance of maintaining soil health for long-term agricultural sustainability. Vermicompost not only enriches the soil with essential nutrients but also improves its structure, water retention, and microbial activity.

Educational Initiatives: Educational programs, workshops, and outreach efforts are playing a crucial role in raising awareness about the benefits of worm farming. As more people understand the value of vermicomposting, there’s a greater likelihood of widespread adoption.

Rising Demand for Organic Products: Consumer preferences are shifting towards organic and natural products, extending to the agricultural sector. Worm castings, being an organic and chemical-free fertilizer, align with the preferences of environmentally conscious consumers.

Market Opportunities:

The global worm farming market presents significant opportunities driven by the growing demand for sustainable agricultural practices and organic farming. With increasing awareness about the benefits of vermicompost, a nutrient-rich organic fertilizer produced by worms, there is a rising trend among farmers and gardeners to incorporate worm farming into their operations. This presents a lucrative market for vermiculture suppliers, equipment manufacturers, and retailers specializing in worm farming products. Additionally, the market is also benefiting from the increasing adoption of circular economy principles and waste recycling initiatives by businesses and municipalities. As consumers become more environmentally conscious and seek eco-friendly solutions, the worm farming industry is poised for growth, offering ample opportunities for innovation, expansion, and market penetration.

Market Challenges:

The global worm farming market also faces several challenges that could potentially hinder its growth and development. One of the primary challenges is the lack of awareness and education among potential customers about the benefits and proper techniques of vermiculture. Many farmers and gardeners remain unfamiliar with the advantages of using vermicompost over traditional fertilizers, which can slow down market adoption rates. Another significant challenge is the variability in quality and consistency of worm castings produced by different worm farming operations, leading to concerns about product efficacy and reliability. Additionally, regulatory constraints and standards for organic certification of worm castings and vermicompost can pose challenges for market players, requiring compliance with stringent guidelines and documentation.

Market Insights:

The global worm farming market is bifurcated into type, application, and geography. On the basis of type, the market is further segmented into fishing bait, agriculture, animal and fish feed, fowl feed, vermicomposting, and others. The vermicomposting segment stands out as a dominant force in the worm farming market due to its widespread applications and the growing emphasis on sustainable agricultural practices. Vermicomposting involves the use of worms to decompose organic matter, producing nutrient-rich worm castings that serve as highly effective organic fertilizers. This segment has gained prominence as it aligns with global trends towards eco-friendly farming, circular economy principles, and waste reduction. The demand for vermicompost has expanded across diverse settings, including home gardens, large-scale agriculture, and horticulture, driven by the product’s proven ability to enhance soil health and plant growth. With increasing awareness and educational efforts promoting the benefits of vermicomposting, this segment has become a key player in sustainable agriculture and environmental conservation.

Fishing Bait: Certain worm species, such as European nightcrawlers, are bred specifically for use as fishing bait. The fishing industry drives demand for healthy and robust worms, contributing to a specialized market segment. Quality and availability of worms are critical factors.

Agriculture: Worm castings (vermicompost) serve as a potent organic fertilizer, enhancing soil structure, nutrient content, and microbial activity. The agriculture sector increasingly adopts sustainable practices, boosting the demand for organic fertilizers. Worm farming provides a natural and eco-friendly solution for soil enrichment.

Animal and Fish Feed: Certain worm species are cultivated for use in animal and fish feed due to their protein-rich composition. With a growing focus on sustainable protein sources, the market for worms as feed supplements is expanding. This application caters to the broader livestock and aquaculture industries.

Fowl Feed: Worms, such as red wigglers and European nightcrawlers, are utilized as a protein source in fowl feed, benefiting poultry and other birds. The demand for natural and protein-rich supplements in fowl diets drives this segment. Worms contribute to the nutritional profile of poultry feed.

Vermicomposting: Vermicomposting involves the use of worms to break down organic waste into nutrient-rich compost. The emphasis on sustainable waste management and organic farming practices fuels the vermicomposting market. Worm castings are highly valued for their efficacy in enhancing soil health.

Others: This category encompasses diverse applications, such as bioconversion, research, and specialty uses. Worm farming offers versatility beyond mainstream applications. Innovations, such as the development of specialty worms or novel products, contribute to this segment.

The worm farming market research report presents the analysis of each segment from 2020 to 2030 considering 2022 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2023 to 2030.

Historical & Forecast Period

  • 2020-21 – Historical Year
  • 2022 – Base Year
  • 2023-2030 – Forecast Period

Market Segmentation:

By Type:

  • Eisenia Foetida
  • Perionyx Excavates
  • Lumbricus Terrestris
  • Eisenia Hortensis
  • Aporrectodea Calignosa
  • EudrilusEugeniae

By Application:

  • Fishing Bait
  • Agriculture
  • Animal and Fish Feed
  • Fowl Feed
  • Vermicomposting
  • Others

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Regional Analysis:

Geographically, North America holds a significant revenue share of the global warm farming market in the benchmark year 2022. North America’s dominance in the worm farming market may stem from a combination of robust agricultural practices and a heightened awareness of sustainable and organic farming methods. The region’s farmers, facing an increasing demand for organic produce, might turn to worm castings as an effective and eco-friendly fertilizer to enhance soil health. Additionally, consumers’ growing preference for environmentally friendly solutions and the adoption of regulations supporting sustainable agriculture could fuel the demand for vermicomposting practices in North America. Government initiatives and educational programs promoting the benefits of worm farming may further contribute to the widespread adoption of these practices by farmers and businesses across the continent.

Moreover, technological advancements in worm farming, including automated systems and innovations in harvesting techniques, could be playing a pivotal role in enhancing the efficiency and scalability of operations in North America. The combination of favorable agricultural conditions, environmental consciousness, regulatory support, and technological progress positions North America as a dominant force in the evolving landscape of the worm farming market, meeting the region’s increasing demand for sustainable and organic agricultural solutions.

Competitive Assessment:

Some of the prominent market players operating in the global worm farming market are NutriSoil, My Noke, Davo’s Worm Farm, Worm power, and Kahariam Farms. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

Recent Developments:

  • In 2023, MyNoke, an Indian company, has developed a new technology that can produce vermicompost in just 15 days, compared to the traditional method that takes 60-90 days.
  • In 2023, NutriSoil, a US company, has launched a new line of vermicompost-based fertilizers that are specifically designed for home gardeners.
  • In 2023, Davo’s Worm Farms, a Canadian company, has partnered with a major retailer to sell its vermicompost products in stores across the country.
  • In 2022, Earthworm Foundation, a US non-profit organization, has released a new report on the benefits of vermicomposting for climate change mitigation.
  • In 2022, Wormpower, a UK company, has developed a new worm composting bin that is made from recycled materials.
  • In 2022, Kahariam Farms, an Indian company, has expanded its vermicompost production facility to meet the growing demand for its products.

Key Companies:

  • NutriSoil
  • My Noke
  • Davo’s Worm Farm
  • Worm power
  • Kahariam Farms
  • Vermico
  • Organic Sunrise Natural
  • Others

Key Questions Answered by Worm Farming Market Report

  • Global worm farming market forecasts from 2023-2030
  • Regional market forecasts from 2023-2030 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
  • Country-level forecasts from 2023-2030 covering 15 major countries from the regions as mentioned above
  • Worm farming submarket forecasts from 2023-2030 covering the market by type, application, and geography
  • Various industry models such as SWOT analysis, Value Chain Analysis about the market
  • Analysis of the key factors driving and restraining the growth of the global, regional, and country-level worm farming markets from 2023-2030
  • Competitive Landscape and market positioning of top 10 players operating in the market
Table of Contents:

1. Preface


1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions

 

2. Executive Summary


2.1. Global Worm Farming Market Portraiture
2.2. Global Worm Farming Market, by Type, 2022 (USD Mn)
2.3. Global Worm Farming Market, by Application, 2022 (USD Mn)
2.4. Global Worm Farming Market, by Geography, 2022 (USD Mn)

 

3. Global Worm Farming Market Analysis


3.1. Worm Farming Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. Porter’s Five Force Analysis
3.6.1. Bargaining Power of Suppliers
3.6.2. Bargaining Power of Buyers
3.6.3. Threat of New Entrants
3.6.4. Threat of Substitutes
3.6.5. Degree of Competition
3.7. PESTLE Analysis

 

4. Global Worm Farming Market by Type, 2020 – 2030 (USD Mn)


4.1. Overview
4.2. Eisenia Foetida
4.3. Perionyx Excavates
4.4. Lumbricus Terrestris
4.5. Eisenia Hortensis
4.6. Aporrectodea Calignosa
4.7. EudrilusEugeniae

 

5. Global Worm Farming Market by Application, 2020 – 2030 (USD Mn)


5.1. Overview
5.2. Fishing Bait
5.3. Agriculture
5.4. Animal and Fish Feed
5.5. Fowl Feed
5.6. Vermicomposting
5.7. Others

 

6. North America Worm Farming Market Analysis and Forecast, 2020 – 2030 (USD Mn)


6.1. Overview
6.2. North America Worm Farming Market by Type, (2020-2030 USD Mn)
6.3. North America Worm Farming Market by Application, (2020-2030 USD Mn)
6.4. North America Worm Farming Market by Country, (2020-2030 USD Mn)
6.4.1. U.S.
6.4.1.1. U.S. Worm Farming Market by Type, (2020-2030 USD Mn)
6.4.1.2. U.S. Worm Farming Market by Application, (2020-2030 USD Mn)
6.4.2. Canada
6.4.2.1. Canada Worm Farming Market by Type, (2020-2030 USD Mn)
6.4.2.2. Canada Worm Farming Market by Application, (2020-2030 USD Mn)
6.4.3. Mexico
6.4.3.1. Mexico Worm Farming Market by Type, (2020-2030 USD Mn)
6.4.3.2. Mexico Worm Farming Market by Application, (2020-2030 USD Mn)

 

7. Europe Worm Farming Market Analysis and Forecast, 2020 - 2030 (USD Mn)


7.1. Overview
7.2. Europe Worm Farming Market by Type, (2020-2030 USD Mn)
7.3. Europe Worm Farming Market by Application, (2020-2030 USD Mn)
7.4. Europe Worm Farming Market by Country, (2020-2030 USD Mn)
7.4.1. Germany
7.4.1.1. Germany Worm Farming Market by Type, (2020-2030 USD Mn)
7.4.1.2. Germany Worm Farming Market by Application, (2020-2030 USD Mn)
7.4.2. U.K.
7.4.2.1. U.K. Worm Farming Market by Type, (2020-2030 USD Mn)
7.4.2.2. U.K. Worm Farming Market by Application, (2020-2030 USD Mn)
7.4.3. France
7.4.3.1. France Worm Farming Market by Type, (2020-2030 USD Mn)
7.4.3.2. France Worm Farming Market by Application, (2020-2030 USD Mn)
7.4.4. Spain
7.4.4.1. Spain Worm Farming Market by Type, (2020-2030 USD Mn)
7.4.4.2. Spain Worm Farming Market by Application, (2020-2030 USD Mn)
7.4.5. Italy
7.4.5.1. Italy Worm Farming Market by Type, (2020-2030 USD Mn)
7.4.5.2. Italy Worm Farming Market by Application, (2020-2030 USD Mn)
7.4.6. Rest of Europe
7.4.6.1. Rest of Europe Worm Farming Market by Type, (2020-2030 USD Mn)
7.4.6.2. Rest of Europe Worm Farming Market by Application, (2020-2030 USD Mn)

 

8. Asia Pacific Worm Farming Market Analysis and Forecast, 2020 - 2030 (USD Mn)


8.1. Overview
8.2. Asia Pacific Worm Farming Market by Type, (2020-2030 USD Mn)
8.3. Asia Pacific Worm Farming Market by Application, (2020-2030 USD Mn)
8.4. Asia Pacific Worm Farming Market by Country, (2020-2030 USD Mn)
8.4.1. China
8.4.1.1. China Worm Farming Market by Type, (2020-2030 USD Mn)
8.4.1.2. China Worm Farming Market by Application, (2020-2030 USD Mn)
8.4.2. Japan
8.4.2.1. Japan Worm Farming Market by Type, (2020-2030 USD Mn)
8.4.2.2. Japan Worm Farming Market by Application, (2020-2030 USD Mn)
8.4.3. India
8.4.3.1. India Worm Farming Market by Type, (2020-2030 USD Mn)
8.4.3.2. India Worm Farming Market by Application, (2020-2030 USD Mn)
8.4.4. South Korea
8.4.4.1. South Korea Worm Farming Market by Type, (2020-2030 USD Mn)
8.4.4.2. South Korea Worm Farming Market by Application, (2020-2030 USD Mn)
8.4.5. Rest of Asia Pacific
8.4.5.1. Rest of Asia Pacific Worm Farming Market by Type, (2020-2030 USD Mn)
8.4.5.2. Rest of Asia Pacific Worm Farming Market by Application, (2020-2030 USD Mn)

 

9. Latin America (LATAM) Worm Farming Market Analysis and Forecast, 2020 - 2030 (USD Mn)


9.1. Overview
9.2. Latin America Worm Farming Market by Type, (2020-2030 USD Mn)
9.3. Latin America Worm Farming Market by Application, (2020-2030 USD Mn)
9.4. Latin America Worm Farming Market by Country, (2020-2030 USD Mn)
9.4.1. Brazil
9.4.1.1. Brazil Worm Farming Market by Type, (2020-2030 USD Mn)
9.4.1.2. Brazil Worm Farming Market by Application, (2020-2030 USD Mn)
9.4.2. Argentina
9.4.2.1. Argentina Worm Farming Market by Type, (2020-2030 USD Mn)
9.4.2.2. Argentina Worm Farming Market by Application, (2020-2030 USD Mn)
9.4.3. Rest of Latin America
9.4.3.1. Rest of Latin America Worm Farming Market by Type, (2020-2030 USD Mn)
9.4.3.2. Rest of Latin America Worm Farming Market by Application, (2020-2030 USD Mn)

 

10. Middle East and Africa Worm Farming Market Analysis and Forecast, 2020 - 2030 (USD Mn)


10.1. Overview
10.2. MEA Worm Farming Market by Type, (2020-2030 USD Mn)
10.3. MEA Worm Farming Market by Application, (2020-2030 USD Mn)
10.4. Middle East and Africa Worm Farming Market, by Country, (2020-2030 USD Mn)
10.4.1. GCC
10.4.1.1. GCC Worm Farming Market by Type, (2020-2030 USD Mn)
10.4.1.2. GCC Worm Farming Market by Application, (2020-2030 USD Mn)
10.4.2. South Africa
10.4.2.1. South Africa Worm Farming Market by Type, (2020-2030 USD Mn)
10.4.2.2. South Africa Worm Farming Market by Application, (2020-2030 USD Mn)
10.4.3. Rest of MEA
10.4.3.1. Rest of MEA Worm Farming Market by Type, (2020-2030 USD Mn)
10.4.3.2. Rest of MEA Worm Farming Market by Application, (2020-2030 USD Mn)

 

11. Competitive Landscape


11.1. Company Market Share Analysis, 2022
11.2. Competitive Dashboard
11.3. Competitive Benchmarking
11.4. Geographic Presence Heatmap Analysis
11.5. Company Evolution Matrix
11.5.1. Star
11.5.2. Pervasive
11.5.3. Emerging Leader
11.5.4. Participant
11.6. Strategic Analysis Heatmap Analysis
11.7. Key Developments and Growth Strategies
11.7.1. Mergers and Acquisitions
11.7.2. New Product Launch
11.7.3. Joint Ventures
11.7.4. Others

 

12. Company Profiles


12.1. Guangxi Xintianyu Technology Co., Ltd.
12.1.1. Business Description
12.1.2. Financial Health and Budget Allocation
12.1.3. Product Positions/Portfolio
12.1.4. Recent Development
12.1.5. SWOT Analysis
12.2. Vermi Co.
12.3. Organic Sunrise Natural
12.4. MyNOKE
12.5. NutriSoil
12.6. Kahariam Farms
12.7. Davo's Worm Farms
12.8. Worm Power
12.9. Others
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