InnovaFeed and ADM partner to commercialize insect protein in pet food in the US
While primarily focusing the pet food industry, InnovaFeed will also launch ingredients for human consumption later this year.
The partnership with ADM follows recent U.S. regulation allowing the use of black soldier fly (BSF) in food for dogs.
“In the face of critical environmental issues, the global agriculture industry must do its part to adapt and meet humanity’s challenges,” said Clément Ray, InnovaFeed co-founder & CEO. “At InnovaFeed, we’re revolutionizing traditional practices by creating a new natural and efficient industrial model on a large scale for sustainably sourced food. Insect protein is the next alternative protein ready to be scaled, with massive market potential.”
“Pet solutions is a strategic growth opportunity for ADM, with $100 billion in demand growing 4.5% a year,” said Jorge Martinez, president, pet solutions for ADM. “Our agreement with InnovaFeed is another exciting expansion of our abilities in this space and our focus on creation, design and development of products and solutions that meet the needs of today’s pet owners. Pet owners increasingly are demanding the same kind of sustainable, healthy products they eat themselves, and we’re proud to work with InnovaFeed to continue to enhance our ability to meet these needs.”
Human consumption
InnovaFeed is also targeting the U.S. 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 plant-based protein, enhancing the nutritional quality and environmental footprint of health-based consumer products, such as sports and medical nutrition products, healthy snacks and meat substitutes.
InnovaFeed
InnovaFeed operates the world’s largest protein production facility and co-location symbiosis model in Nesle, France. With its circular and zero waste approach, InnovaFeed’s carbon footprint is 80% lower than its competitors.
It has already made major investments in its expansion venture. After raising €200 million from renowned investors such as Temasek and Creadev, the company will begin research and development operations at the world’s largest insect-protein facility in Decatur, Illinois, later this year, building on ADM’s expertise in pet food as well as partnerships with leading academic institutions.