Insect meal can fly in changing market says BioMar
Feed manufacturer BioMar has said insect meal “shows promise” as an alternative protein source for farmed fish following more than three years of testing in the lab and on farms.
The Danish company said in a press release that insect meal was one of many novel ingredients such as algae oil or single cell proteins that it has been investigating.
Although such alternatives are more expensive that existing feed protein sources, BioMar points to market research indicating that consumers are seeking food that has a minimum impact on nature.
Market position
Michel Autin, technical director at BioMar’s EMEA Division said: “Innovation of course comes at a cost, but farmers who are the first movers with insect meal will benefit from a strong market position.
“Insect meal has a future as an alternative protein source in aquaculture feeds if the price of this new raw material can be kept at reasonable limits. We have good test results on insect meal originating from black soldier flies, mealworms and others, which makes it a promising raw material.”
The company said that according to 2016 research undertaken by consultancy Deloitte, today’s consumers are looking for more than just price, taste and convenience when they are shopping. Consumers are seeking more natural food choices that have a minimal impact on nature.
‘Back to nature’ products
“BioMar has the capabilities to offer innovative seafood solutions that will help consumers who are in search for healthy and wholesome ‘back to nature’ products that are also mindful of the environment. This is where insect meal can play a role,” said the feed manufacturer.
BioMar has already undertaken projects with customers who wanted to create seafood brands that address consumer needs and expectations. The first collaboration project was ‘In the Blue’ a sustainable salmon created by partnership with Norwegian fish farmer Kavøry, ethical retailer Wholefoods and BioMar. Another product already in the market is Silverside Coho created with Chilean farmer Ventisqueros.
“More branded seafood products making a differentiation through their feed recipe will soon be hitting markets across European and the Americas,” added BioMar.
