AgriProtein Revenue and Competitors

AgriProtein is leading a new industry called nutrient recycling. Using fly larvae fed on existing organic waste, AgriProtein has developed and tested a new large scale and sustainable source of natural protein. The bioconversion process takes organic waste streams from food factories, supermarkets, farms and restaurants, and recycles these into valuable products: an insect based complete protein – MagMeal™, an extracted fat – MagOil™ and a rich residual soil conditioner – MagSoil™. Larvae are a natural food for birds in the wild and fish in streams. Their nutritional composition is as good as that of fishmeal and far better than that of soya. MagMeal™ is an entirely natural super feed: it has excellent weight take-on and digestibility properties and is enjoyed by farmed fish, chickens, pigs and pets for its natural palatability. AgriProtein has been developing its insect based protein products since 2009. In 2016, the world's first industrial scale insect recycling site went live in Cape Town with the capacity to divert 100 tonnes of waste organics from landfill per day and produce over 2,000 tonnes of MagMeal™ per year.