Start-ups in Insect based Pet Food
There are an estimated 50 insect farm startups by one count, mainly concentrated in Europe, that have raised $480 million to date, according to AgFunder News. Last year, these companies produced 6,000 tons of insects, based on data from the International Platform of Insects for Food and Feed, a trade association for bug farmers.
Most of the insect farmers are locates in Europe, see map. It means that there is lots of room to grow outside of Europe.
Via this link you can find a list of insect farmers for pet food which makes the buggest investments.
Insect farms raising bugs for pet food and animal feed are starting to raise some serious cash over the last year or so. Most of those funds are going toward building major manufacturing facilities to produce insect-based pet food and animal feed at scale for the first time. It’s a nascent industry with plenty of volatility ahead, no doubt, and a few acquisitions to date. It wouldn’t be a stretch to think that a player like Cargill, which has shown a strong interest in other alternative protein companies, ensnares itself an insect farm in the future. An IPO from one of the more well-funded companies isn’t out of the question, but it would likely come out of Europe.
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