Latest news with #insectfarming
Zawya
3 days ago
- Business
- Zawya
Oman Flour Mills advances insect meal project for animal feed
MUSCAT - Oman Flour Mills (OFM), one of the Sultanate of Oman's largest food processing enterprises, has announced further progress towards its goal of investing in insect farming as a source of protein for animal feed production. The initiative, first unveiled three years ago, is currently in the preliminary assessment stage, the publicly traded company revealed in its Board of Directors' report for the six months ended June 30, 2025. 'A desktop feasibility study has been completed for an insect meal manufacturing facility. The project aims to produce alternative protein from organic and poultry waste for use in animal feed', said Ahmed bin Ali bin Sulaiman al Bulushi, Chairman of the Board of Directors. Insect meal contains 40–70 per cent protein, depending on species and processing; and is rich in essential amino acids, beneficial fats, vitamins and minerals. It is a sustainable feed option, as insects can be reared on organic waste, reducing landfill use and emissions, while requiring far less land, water and feed than traditional livestock. With rapid growth cycles and compatibility with circular economy and low-carbon agriculture models, it offers an efficient, eco-friendly protein source. Earlier, at an investment roadshow hosted by the Muscat Stock Exchange, OFM officials revealed that the company is exploring the farming of black soldier fly larvae (BSFL) for the manufacture of protein meal for animal feed. BSFL — the most common ingredient in insect meal production globally — contains up to 50 per cent crude protein, up to 35 per cent lipids and an amino acid profile comparable to fishmeal. Insect meal from this species is widely used as an alternative protein source in poultry, aquaculture (farmed fish and shrimp) and other livestock feeds. OFM, one of the country's largest animal feed producers, generates roughly half of its total revenue from feed sales. Revenue from the Feed Mills division totalled around RO 36.20 million for the first half of 2025, accounting for 50.8 per cent of the company's total revenue for the period. Globally, the insect protein market is projected to exceed $4–5 billion by 2030, driven by rising protein demand and sustainability pressures on fishmeal and soy. The proposed insect meal project is one of several greenfield initiatives under consideration by OFM. Notably, a health bar manufacturing facility is envisaged to start as a small-scale operation within existing premises before being relocated to a dedicated food cluster. An investment decision is expected by Q4 2025, with production slated to commence following a 10-month lead time for equipment procurement and installation. Additionally, OFM is exploring opportunities in the functional foods segment, focusing on high-value nutritional products aligned with global health and wellness trends. Plans for a baby food manufacturing project in Uzbekistan are also under review, with a preliminary feasibility study completed. The project targets the growing demand in Central Asia. Partly state-owned OFM — part of Oman Food Investment Holding Company (Nitaj) — has operations spanning flour milling, bakery and confectionery products, dairy and poultry products, meat, animal feed and laboratory services. OFM Group revenue grew by 3.2 per cent year-on-year to RO 67.8 million for the six months ended June 30, 2025, supported by sustained demand. Gross profit rose by 13.5 per cent to RO 14.8 million, with the gross margin improving from 19.9 per cent to 21.9 per cent, reflecting better cost efficiency at the production level. Net profit after tax increased by 22.4 per cent to RO 4.32 million, the company added. 2025 © All right reserved for Oman Establishment for Press, Publication and Advertising (OEPPA) Provided by SyndiGate Media Inc. (
Yahoo
29-06-2025
- Business
- Yahoo
Edible Insects Market to Reach $28.54 Billion by 2035, Growing at an Exceptional CAGR of 28.1% from 2025, Says Meticulous Research®
Market Growth Driven by Sustainable Protein Demand, Rising Global Population, Food Security Concerns, Environmental Benefits, and Expanding Alternative Protein Research Investment REDDING, Calif., June 29, 2025 /PRNewswire/ -- According to a comprehensive market research report titled "Edible Insects Market by Product Type (Whole Insects, Insect Powder), Insect Type (Crickets, Mealworms, Black Soldier Flies, Buffalo Worms, Grasshoppers), Application (Food and Beverages, Feed and Pet Food), End User, & Geography - Global Forecast to 2035", the edible insects market is projected to reach $28.54 billion by 2035, up from an estimated $2.4 billion in 2025, growing at an exceptional CAGR of 28.1% during the forecast period. The significant growth of the edible insects market is driven by increasing demand for sustainable protein sources amid rising global population and escalating food security concerns. The market's expansion is fueled by environmental benefits of insect farming, growing investment in alternative protein research, expanding acceptance in Western markets, and integration with the plant-based food industry across key global markets. The industry is experiencing revolutionary transformation through advanced insect farming automation, sophisticated processing technologies for food integration, and development of premium organic insect products. Leading companies are embracing cricket-based protein innovations while expanding into emerging markets and developing familiar food forms that enhance consumer acceptance worldwide. For more comprehensive insights, download the FREE report sample: Revolutionary Market Transformation Through Sustainable Protein Innovation The edible insects market represents a paradigm shift in sustainable protein production and food security solutions. As global populations increasingly prioritize environmental sustainability and alternative protein sources, edible insects offer a revolutionary solution that addresses the growing demand for efficient, environmentally friendly protein alternatives with minimal resource consumption across diverse food applications. Market leaders are investing heavily in automated farming technologies and advanced processing systems, establishing production capabilities that can deliver scalable, cost-effective insect protein solutions. This technological advancement is making edible insect products increasingly accessible while delivering superior nutritional and environmental sustainability benefits. Dynamic Growth Across Key Market Segments Based on product type, the Whole Insects segment dominates the market in 2025, capturing a significant share due to traditional consumption patterns, growing acceptance in Western markets, and established cultural practices. However, the Insect Powder segment is experiencing the fastest growth, driven by increasing food integration applications, technological advancements in processing, and growing demand for familiar food forms in protein bars and baked products. Based on insect types, the Crickets segment leads the market, reflecting their high protein content, established farming practices, and widespread cultural acceptance. The Black Soldier Flies segment is anticipated to record the highest growth rate, driven by superior feed conversion efficiency, waste management applications, and increasing adoption in animal feed industries. Based on application, the Food and Beverages segment accounts for the largest market share, attributed to growing consumer acceptance of alternative proteins and increased product innovation in processed foods. However, the Feed and Pet Food segment is expected to experience the fastest growth, driven by growing demand for sustainable animal nutrition and aquaculture feed applications. Get Insightful Data on Regions, Market Segments, Customer Landscape, and Top Companies (Charts, Tables, Figures and More) - Strategic Market Opportunities and Innovation Drivers The market presents extraordinary growth opportunities through pet food and animal feed market expansion, integration with plant-based food industries, and development of processed familiar food forms. Companies are discovering new revenue streams through premium organic insect products and automated farming technologies while establishing comprehensive sustainable protein ecosystems. Key market drivers include: Sustainable Protein Demand: Growing consumer awareness of environmental impact driving adoption of resource-efficient protein alternatives with minimal ecological footprint Global Population and Food Security: Rising world population creating urgent need for scalable, efficient protein sources to address food security challenges Environmental Benefits: Insect farming offering superior resource efficiency with reduced land, water, and feed requirements compared to traditional livestock Alternative Protein Investment: Increasing venture capital and corporate investment in insect farming technologies and processing innovations Regional Market Leadership and Emerging Growth Asia-Pacific commands the largest market share in 2025, driven by traditional consumption patterns, cultural acceptance of entomophagy, established insect farming infrastructure, and significant investments in scaling production capabilities across key countries including Thailand, China, and Vietnam. North America emerges as the fastest-growing region during the forecast period, propelled by rapid adoption of alternative proteins, increasing consumer awareness, rising investment in insect farming technologies, and growing integration with mainstream food processing industry. Europe represents a significant market, supported by progressive regulatory frameworks, increasing focus on sustainable protein sources, advanced food processing infrastructure, and growing consumer acceptance of innovative protein alternatives. Request a customized research analysis tailored to your specific requirements: Dynamic Competitive Landscape Driving Innovation The global edible insects market features an innovative competitive ecosystem comprising established food processing companies, insect farming specialists, alternative protein solution providers, and innovative startups. This diverse landscape fosters rapid technological advancement through automated farming system integration and sophisticated food processing technology development. Industry leaders are implementing integrated solutions that combine cutting-edge farming technologies with comprehensive food processing capabilities and sustainable production methods. Companies are pursuing strategic partnerships with food manufacturers while addressing consumer acceptance and scalability challenges across different market segments. Immediate Delivery Available | Buy this Research Report (Insights, Charts, Tables, Figures and More) - Market Leaders Shaping Industry Future Key players driving the global edible insects market include Protix B.V. (Netherlands), Ÿnsect SAS (France), Innovafeed SAS (France), Aspire Food Group (Canada), Agronutris SAS (France), Enterra Feed Corporation (Canada), Beta Hatch Inc. (U.S.), HiProMine S.A. (Poland), Entomo Farms (Canada), Kreca Ento-Feed BV (Netherlands), Nutrition Technologies Pte. Ltd. (Singapore), Hexafly Ltd. (Ireland), Micronutris SAS (France), EnviroFlight LLC (U.S.), Next Millennium Farms Inc. (Canada), Jimini's SAS (France), Eat Grub Ltd. (U.K.), Thailand Unique Co., Ltd. (Thailand), and C-fu Foods Ltd. (Hong Kong). These companies are focusing on strategies such as automated farming technology development, advanced processing system integration, premium organic product development, strategic food industry partnerships, and expansion into emerging markets to strengthen their market position. Latest Industry Developments Recent market developments include: Cricket-Based Protein Innovation: Growing focus on cricket protein products and powder processing for food integration driving market leadership in sustainable protein alternatives Automation in Farming Technologies: Implementation of advanced automated insect farming systems and processing technologies enhancing production efficiency and scalability Premium Organic Products: Increasing development of high-quality organic insect products and familiar food forms addressing consumer preferences for premium sustainable options Market Challenges and Opportunities While the market shows exceptional growth potential, it faces challenges including cultural and psychological barriers to consumption, regulatory challenges and food safety concerns, high production and processing costs, and limited consumer awareness requiring extensive education initiatives. However, significant opportunities exist in expanding pet food and animal feed markets, integration with established plant-based food industries, development of processed familiar food forms, emerging markets in Asia-Pacific and Africa, and growing acceptance of sustainable protein alternatives in developed markets with advanced food processing infrastructure. The Animal Nutrition segment is projected to experience substantial growth during the forecast period, driven by expanding livestock industry demand, sustainable feed alternatives requirements, and advantages insects offer in animal feed applications including superior nutritional profiles and resource efficiency. Related Reports: Alternative Protein Market Forecast: A $54.78 Billion Opportunity by 2032 Crickets Market by Size, Share, Forecasts, & Trends Analysis Black Soldier Fly Market Size, Trends & Forecast 2025–2035 Plant-based Protein Market by Size, Share, Forecasts Plant-based Milk Market Size, Share, Forecast, & Growth 2031 About Meticulous Research We are a trusted research partner for leading businesses worldwide, empowering Fortune 500 organizations and emerging enterprises with market intelligence designed to drive revenue transformation and strategic growth. Our insights reveal future growth opportunities, equipping clients with a competitive edge through a versatile suite of research solutions—including syndicated reports, custom research, and direct analyst engagement. To find out more, visit or follow us on LinkedIn Contact: Mr. Khushal Bombe Meticulous Market Research Pvt. Ltd. 1267 Willis St, Ste 200 Redding, California, 96001, U.S. USA: +1-646-781-8004 Europe: +44-203-868-8738 APAC: +91 744-7780008 Email- sales@ Visit Our Website: Connect with us on LinkedIn- Content Source: Logo - View original content to download multimedia: SOURCE Meticulous Market Research Private Limited
CBC
13-05-2025
- Business
- CBC
London, Ont. cricket plant ordered into receivership amid $41M debt bill to creditor
Social Sharing Months after it announced layoffs impacting two-thirds of its workforce, Aspire Food Group, the London-based insect agriculture firm specializing in farming crickets for use as protein, has been ordered into receivership by an Ontario court. Last week, a Superior Court of Ontario justice ordered that FTI Consulting be appointed receiver of Aspire and its related entities, and all "assets, undertakings, and properties" acquired or used by the firm at its Innovation Drive facility, along with its proceeds. The order followed an application filed by Farm Credit Canada (FCC) in February to appoint FTI Consulting as receiver and manager, saying Aspire owed it nearly $41.5 million under an amended credit agreement reached the previous year. Aspire opened the plant in 2022 with the goal of producing up to 13 million kilograms of the insect annually for use as an alternative consumable protein source, it's co-founder told CBC News at the time. A vast majority of the plant's production was for the pet food industry. The 14,000-square-metre plant was opened with the help of roughly $35 million in federal funding through Sustainable Development Technology Canada, Agriculture and Agri-Food Canada, and NGen under Ottawa's Global Innovation Clusters initiative. In November, Aspire announced it would lay off 100 of its 150 workers at the plant to renovate its production system, with plans to rehire workers this July. In its application, FCC says Aspire built the London facility based on "proprietary cricket growth and harvesting methodology" developed in a research and development facility in Austin, Texas. Since opening in London, the company had been unsuccessful in replicating the methodology and had failed in commercializing and scaling its operations, FCC's application says. "As a result of the fundamental operational issues plaguing the Facility, the Aspire Group has not been able to produce positive cash flow/earnings, and production has come to a complete halt in order for the Aspire Group to focus on research and development." It adds FTI was brought on as a consultant to monitor Aspire's monthly statements and operating metrics. Aspire was also required by FCC to sustain a minimum cash balance of $1 million. "Notwithstanding these amendments, the Aspire Group has failed to recommence production, and its working capital is rapidly depleting," FCC's application reads, adding Aspire was in default of the agreement after failing to maintain the required cash balance. CBC News has reached out to Aspire CEO David Rosenberg, co-founder Mohammed Ashour, and legal counsel for Farm Credit Canada and FTI Consulting for comment. This story will be updated when they respond. Ongoing money trouble While the plan was to be at full capacity by 2023, the London plant has been operating at half capacity since May 2024, Dale Snider, a senior corporate and commercial account manager at FCC, said in an affidavit filed in court in February. "At certain points, production has completely shut down in order for the Aspire Group to focus on research and development," the affidavit says. Snider notes farming and processing crickets as requiring specialized equipment and a "precisely timed, automated production line." Differences in geography and environment, as well as in the design and build of cricket habitats between the Austin R&D facility and the London plant, have led to "operational and scalability issues," the affidavit says. Adding to the strain, Aspire, which owns the London plant through another company, owed roughly $1 million in back property taxes to the City of London as of late January. "The proposed receiver is deeply familiar with the Aspire Group's business and operations and is prepared to oversee an orderly wind-down of operations at the facility and an eventual sale of the Aspire Group's property through a transparent and court-approved process," Snider says in his affidavit. As security under the loan agreement, FCC was provided a first charge/mortgage against the London facility in the principal amount of $60 million. A factum filed by FCC in court that same month highlights additional causes of Aspire's financial troubles. Among them, the drying up of government grants and cost reimbursement programs it previously relied on, and "economic uncertainty and market volatility" from threatened U.S. tariffs on goods imported from Canada. Fight climate change: eat some bugs | Curb Your Carbon 3 years ago Duration 1:46 The livestock sector emit over 7 billion tonnes of CO2 every year. But producing the same weight in bugs generates about 1400 times less CO2 than beef. Nearly all of its production is exported to the U.S., the company said in a LinkedIn post in February. "We remain committed to Aspire's mission and our leadership in sustainable protein. But we cannot ignore the scale of these disruptions," Rosenberg is quoted in the post as saying. On May 1, FCC told the court it had given Aspire many chances to resolve its issues, including opportunities to secure emergency liquidity to meet payroll, and additional time to finalize repayment. "Despite these accommodations, the Aspire Group has not been successful in formalizing any repayment transaction that will see the indebtedness repaid in the short or long-term," a supplementary factum filed by FCC states. "At this juncture, it has become clear to FCC that the possibility of the Aspire Borrowers finalizing a repayment transaction in the near term and on terms satisfactory to FCC is negligible." Since opening, the London plant has been dogged by bizarre conspiracy theories that it's part of a shadowy government plot to force people to eat insects.
CBC
13-05-2025
- Business
- CBC
London, Ont. cricket plant ordered into receivership amid $41M debt obligation
Months after it announced layoffs impacting two-thirds of its workforce, Aspire Food Group, the London-based insect agriculture firm specializing in farming crickets for use as protein, has been ordered into receivership by an Ontario court. Last week, a Superior Court of Ontario justice ordered that FTI Consulting be appointed receiver of Aspire and its related entities, and all "assets, undertakings, and properties" acquired or used by the firm at its Innovation Drive facility, along with its proceeds. The order followed an application filed by Farm Credit Canada (FCC) in February to appoint FTI Consulting as receiver and manager, saying Aspire owed it nearly $41.5 million under an amended credit agreement reached the previous year. Aspire opened the plant in 2022 with the goal of producing up to 13 million kilograms of the insect annually for use as an alternative consumable protein source, it's co-founder told CBC News at the time. A vast majority of the plant's production was for the pet-food industry. The plant was opened with the help of roughly $25 million in federal funding through NGen under Ottawa's Innovation Supercluster Initiative, and Agriculture and Agri-Food Canada. In November, Aspire announced it would lay off 100 of its 150 workers at the plant to renovate its production system, with plans to rehire workers this summer. In its application, FCC says Aspire built the London facility based on "proprietary cricket growth and harvesting methodology" developed in a research and development facility in Austin, Texas. Since opening in London, the company had been unsuccessful in replicating the methodology, and had failed in commercializing and scaling its operations, FCC's application says. "As a result of the fundamental operational issues plaguing the Facility, the Aspire Group has not been able to produce positive cash flow/earnings and production has come to a complete halt in order for the Aspire Group to focus on research and development." It adds FTI was brought on as a consultant to monitor Aspire's monthly statements and operating metrics. Aspire was also required by FCC to sustain a minimum cash balance of $1 million. "Notwithstanding these amendments, the Aspire Group has failed to recommence production, and its working capital is rapidly depleting," FCC's application reads, adding Aspire was in default of the agreement after failing to maintain the required cash balance. CBC News has reached out to Aspire CEO Mark Rosenberg, co-founder Mohammed Ashour, and legal counsel for Farm Credit Canada and FTI Consulting for comment. This story will be updated when they respond. Ongoing money trouble A factum filed by FCC in late February highlights some causes of Aspire's ongoing financial difficulties. Among them, the drying up of government grants and cost reimbursement programs it had previously relied on, and "current economic uncertainty and market volatility" from threatened U.S. tariffs on goods imported from Canada. In a supplementary factum filed on May 1, FCC said that it had given Aspire many opportunities to resolve its issues, including opportunities to secure emergency liquidity to meet payroll obligations, and additional time to finalize repayment. "Despite these accommodations, the Aspire Group has not been successful in formalizing any repayment transaction that will see the indebtedness repaid in the short or long-term," the document says. "At this juncture, it has become clear to FCC that the possibility of the Aspire Borrowers finalizing a repayment transaction in the near term and on terms satisfactory to FCC is negligible." Since opening, the London plant has been dogged by bizarre conspiracy theories that it's part of a shadowy government plot to force people to eat insects. In 2022, Aspire signed a memorandum of understanding with a Korea-based food distribution company to identify markets in Asia and Europe for its product.
