The agreement combines Innovafeed’s expertise in formulating accurate insect ingredients and Cargill’s global animal nutrition capabilities to scale the use of insect ingredients in multiple feed types.
Under this new contract, the US agro-industry giant said it will benefit from high-quality and sustainable ingredients for salmonids.
Helene Ziv-Douki, president of Cargill’s aquafood business, said: “We have a shared goal with Innovafeed: to provide innovative, sustainable solutions to meet the nutritional needs of our customers and a growing population.”
“A contract of this size and scope for insect ingredients in aquafeed is an industry first and marks an important milestone in favor of more sustainable and efficient animal feed, thanks to new ingredients and more specifically insects,” commented Clément Ray, co-founder and CEO of Innovafeed, regarding the expanded collaboration.
Cargill has a long-held goal to reduce carbon emissions in the aquaculture industry – that ambition is at the heart of its SeaFurther Sustainability Initiative.
And it claims that insect-based feed has become a competitive alternative to other protein sources in terms of a range of parameters, from nutrition to production and sustainability. †Growing insects requires no land, fertilizers and pesticides, and the process consumes minimal fresh water and energy for production; cagricultural industry products are used to feed larvae of black soldier flies.”
Fastening pet food
In February of this year, Innovafeed, headquartered in France, announced it had entered into a strategic partnership with ADM Petfood to pioneer the large-scale commercialization of insect protein in pet food in the US.
“This agreement with ADM is a unique opportunity for Innovafeed to increase its footprint in the pet food market, building on the preferential relationships we have developed with EU players,”a representative then said.
That partnership follows the announcement in November 2020 that both companies would collaborate to build the world’s largest insect protein farm in Illinois. After raising €200 million from investors such as Temasek and Creadev, the French company said it would begin R&D activities at its Decatur facility later this year, leveraging ADM’s pet nutrition expertise and partnerships with leading academic institutions.
“Construction of the site will begin later this year with the start of the Innovation Center in Q4 2022. Breeding activities will begin in 2023 and operations will expand to industrial scale in 2024,“a spokesperson for the insect ingredient producer told us in February.
Innovafeed and ADM then outlined how the global insect protein market across all industries – including plant food, animal feed, pet food and human food – is expected to exceed €100 billion ($113 billion) in the coming years. growing demandfor sustainable ingredients and a supporting regulation.
Currently, the majority of Innovafeed’s insect protein output is focused on the aquaculture market, a segment that will remain strategic and a priority for the innovator for the next three to five years.
The company also sees the US as a promising market to launch ingredient solutions for human consumption.
Innovafeed is also a founding member of the North American Coalition for Insect Agriculture and a participant in the Center for Environmental Sustainability through Insect Farming, a public/private research program that brings together leading industry players and academic experts from leading US ag-tech universities.