According to the UN, the world’s population will hit an unprecedented level of 9.7 billion by 2050, causing a strain on global resources and food production. During this time, food demand is anticipated to increase between 59%-98%, affected by climate change and rising meat consumption levels within the developing world. Offering an innovative solution to manage global food shortages and enhance sustainable agricultural practice is through the development of insect-based protein animal feed. According to some analysts, the global market for insect-based animal feed is anticipated to experience a three-figure percentage growth over the next five years, providing potential opportunity for new entrants in this area.
Innovative start-ups leading in this area are ‘Protix’ (Netherlands) and ‘NextProtein’ (France-Tunisia), who have both received significant investments this year to expand operational activities in producing insect-based protein animal feed and fertilisers. Closer to home, ‘Multibox Ltd.,’ (England) is looking to emerge as the first UK producer within this market, and currently seeking investment.