Insects are naturally eaten by many animals such as carnivorous fish, poultry and pigs. Insects are 50% to 82% protein and can be added to animal feed – with up to 40% insect content for fish feed and 30% for chicken feed. Fish farming, or aquaculture, is expected to provide 62% of the global fish supply by 2030. Above 5,000 tonnes of insect protein have been commercialized by European insect producers in total, since the authorization of insect proteins for use in aqua feed. Today, the aqua feed market uses more than 50% of European animal feed made from insects and this will increase at over 20% per year.
There has been over half a billion invested in dozens of insect farming and insect feed production companies.
Insects are projected to provide 3 to 5 million tons of protein for animal feed by 2030 for Europe alone.
Insects can be raised with almost no water, hundreds of times less land and with far less environmental impact.
Aquaculture still uses fishmeal, which is made up of wild-caught fish. 25% of global fishing is used to provide fish farms with feed.
Ÿnsect has raised over $160 million and they say they will build the largest insect farm in the world in northern France. The first phase of the farm will produce 20,000 tonnes of insect protein a year.
The factory will use a combination of sensor technology, automation, data analysis and predictive modeling to measure and respond to temperature, insects’ growth curve, and weight, and Co2 emissions.
AgriProtein, the UK-South African venture that’s farming black soldier fly and has raised over $130 million to-date. AgriProtein focuses on using food waste to feed its insects.
Canada’s Enterra Feed is also growing black soldier fly for animal feed and says it is building the world’s largest insect farm.
EnviroFlight, a Midwestern company that was acquired by Intrexon, says it has the biggest black soldier fly factory in the US.
Netherlands-based Protifarm raised an undisclosed amount of Series B funding to scale up its farm in Ermelo, in eastern Netherlands. They will begin exporting its beetle-based tofu and protein powders to ingredients buyers outside of Europe. Protifarm’s CEO Tom Mohrmann says the round was well above $10 million.
Agritech start-ups Nutrition Technologies and Protenga make insect-based protein for fish and animal feed out of black soldier fly larvae (BSF). The baby insects have gained popularity for breaking down food waste much quicker than other organisms, making the composting process a lot faster.
The larvae has gotten the attention of the Singapore Food Agency (SFA), which has approved their use as fish food. It also recognizes the insect’s practicality in the food chain.
Nutrition Technologies recently secured an $8.5 million Series A led by Openspace Ventures and SEEDS Capital, the investment arm of Enterprise Singapore (ESG), in yet another sign of growing support in Southeast Asia for innovation in the alt-protein tech space.
The funds will be used to set up the largest high-tech commercial-scale insect protein production facility in Southeast Asia, which aims to produce over 18,000 tonnes of insect-based feed ingredients and organic fertilizers every year.
Agriprotein is building North America’s first network of nutrient-recycling plants to reduce waste to landfill, while profitably producing a sustainable and natural protein to replace fishmeal in animal feed.
Agriprotein’s ten-year goals are to:
Create 15 sustainable, profit center factories producing animal protein, bio-oil and organic fertiliser from organic waste;
Make a material impact into North American fishmeal consumption;
Cut CO2 emissions by the equivalent of 500,000 tonnes;
Divert one million tonnes of organic waste into nutrient recycling; and
Improve food security in North America
SOURCES- Ynsect, Agfundernews, http://www.bijouconcierge.co.uk/, International Platform of Insects for Food and Feed
Written By Brian Wang, Nextbigfuture.com
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
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