InnovaFeed Revenue and Competitors

InnovaFeed is a biotech company that produces a new source of protein from insect rearing (Hermetia illucens) for animal feed, more specifically for aquaculture. With an annual growth of around 10%, fish farming is one of the most dynamic sectors in the food industry. The sector's growth drives an increasing demand for fish feed containing high-quality protein. Currently, the protein intake in the diet of farmed fish comes mainly from wild fish meal and soy meal, both of which present limitations. Wild fish meal is becoming less and less available because of decreasing wild fish populations worldwide and soy meal has limited nutritional value as fish feed. InnovaFeeds' innovating insect rearing process is deployed on an industrial scale to address the strain on natural resources in a responsible and sustainable way. We contribute to the growth of a high-quality fish farming sector by providing a new source of sustainable and natural protein at a competitive price. InnovaFeed's insect rearing process also produces insect oil rich in lauric acid and an organic fertilizer. Equipped with the largest production capacity in the market and expertise at the forefront of biotech research, our model is supported by many key actors in the scientific, political and financial fields.