InnovaFeed expands pet insect business

After five years of solid growth and key partnerships with global pet food suppliers, including aquaculture feed companies, InnovaFeed says its expansion into the U.S. pet food market comes at a time when the he industry is ripe for the adoption of insect proteins. The partnership with ADM comes on the heels of recent U.S. regulations allowing the use of black soldier fly (BSF) in dog food, while pioneering the commercialization of high-quality insect ingredients in this market segment in the USA.

InnovaFeed currently operates the world’s largest insect protein production facility and co-localization symbiosis model in Nesle, France. With its circular and sero-waste approach, InnovaFeed claims that its carbon footprint is 80% lower than that of its competitors.

“In the face of critical environmental issues, the global agriculture industry must do its part to adapt and meet humanity’s challenges,” Clement Ray, co-founder and CEO of InnovaFeed, said in a press release.

“At InnovaFeed, we are revolutionizing traditional practices by creating a new
high-performance large-scale industrial model for sustainable food. Insect protein is the next alternative protein ready to scale, with huge market potential.

“Companion Animal Solutions is a strategic growth opportunity for ADM, with $100 billion in demand growing 4.5% annually,” said Jorge Martines, President, Companion Animal Solutions for ADM. “Our agreement with InnovaFeed is another exciting expansion of our capabilities in this area and our focus on creating, designing and developing products and solutions that meet the needs of today’s pet owners. Pet owners are increasingly demanding the same kind of sustainable, healthy products they eat themselves, and we’re proud to work with InnovaFeed to continue improving our ability to meet those needs.

According to InnovaFeed, the global insect protein market across all verticals – including plant nutrition, animal feed, pet food and human food – is expected to exceed €100 billion (113 billion) over the next few years, reflecting the growing demand for sustainable ingredients. and a favorable regulatory environment.

InnovaFeed has already made significant investments in its expansion project. After raising €200 million from investors including Temasek and Creadev, the company will begin research and development operations at the world’s largest insect protein factory in Decatur, Illinois later this year. year, relying on ADM’s expertise in pet food as well as on partnerships with major academic institutions.

InnovaFeed is also targeting the United States in 2022 as a promising market to launch ingredient solutions for human consumption. The company will offer new ingredients extracted from Hermetia illucens
as alternatives to animal and vegetable proteins, improving the nutritional quality and environmental footprint of health-based consumer products, such as sports and medical nutrition products, healthy snacks and meat alternatives.

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