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January 2, 2019

 

More use for insect proteins as aquafeed seen

 

 

The insect industry is quickly rising, agricultural lender Rabobank said, adding that in the near term there's more potential for insect proteins as aquafeed than as food. 

 

"Many insect technology companies are currently focussed on the aquafeed market, where there is a clear need for a high-quality protein alternative to fishmeal-the unique ingredient in aquafeed formula", Rabobank said in a December 2018 article.

 

It said producers need to upscale to meet the continuous demand for insect proteins, and to reduce production costs in order for insects to compete with fishmeal and other alternatives.

 

Rabobank also noted that the insect industry is being fuelled by recent capital flows. The investments received by the sector in 2018 are 40% higher than the sum of investments received in the last four years.

 

As of July 2017, EU regulations allow insect proteins to be incorporated in aquafeed formula. The industry expects that insect proteins will also be authorised for use in pig and poultry feed by mid-2019, Rabobank said.

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