Black soldier flies for breakfast, lunch or dinner? Paris-based biotech company InnovaFeed is investing in a future where this could be an everyday possibility. First, the company is partnering with Archer-Daniels-Midland Co. ADM, +0.93% to bring the ingredient to pet food.
InnovaFeed has announced a partnership with ADM’s pet food division to expand the sustainable pet food industry into the use of insect protein. The move also marks InnovaFeed’s expansion into the U.S. market. Black soldier flies have been recognized as an inexpensive and eco-friendly protein source for animals and fish. U.S. regulation now allows the inclusion of black soldier fly in dog food.
InnovaFeed’s proprietary technology brings the black soldier fly, or Hermetia Illucens, “back to its rightful place at the heart of the food chain,” the company says.
For ADM, the partnership is a chance to expand the company’s animal nutrition business, which was up 19% to $940 million in the fourth quarter. “Pet solutions is a strategic growth opportunity for ADM, with $100 billion in demand growing 4.5% a year,” said Jorge Martinez.
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