The Association of American Feed Control Officials (AAFCO), following two years of evaluation, has granted Ÿnsect the first authorization for the commercialization of defatted mealworm proteins in the US.
French insect-based ingredients producer, Ÿnsect, is to increase its focus on high-margin markets like pet food and human consumption. It is also closing a production plant in the Netherlands and letting around 20% of its staff go.
The demand for insect protein, mainly as an ingredient in feed and pet food, could reach half a million metric tons by 2030, up from today’s market of around 10,000 metric tons, predict the authors of a new RaboResearch report.
Beta Hatch is scaling up production of its insect-based protein feed ingredient along with carrying out continuing research to lower production costs with the aid of $630,000 in National Science Foundation funding.