Global Black Soldier Fly market expected to soar
There is an increasing global demand for meat, alongside the growing aquaculture industry. In addition to this, the black soldier fly market is growing as the animal feed industry searches for alternative proteins due to the rising prices of soymeal, growing government support for the use of insect meal in livestock feed, and growing investment by key players in the black soldier fly (BSF) industry.
However, factors such as non-standardized regulatory framework across Europe, are hindering the growth of the overall black soldier fly market.
Black soldier fly protein for animals
According to the report, the global black soldier fly market is segmented based on by product type (protein meal, biofertilizer, whole dried larvae, larvae oil, chitin and derivatives, application (animal feed, agriculture, pet food, and other), and geography.
Based on product type, in terms of value, the protein meals segment accounted for the largest share of the global black soldier fly market in 2020.
As previously mentioned, the large share of this market is mainly attributed to:
- The increasing demand for protein meals from animal feed manufacturers
- Increasing fish and soy meal prices
- Government support and approval for an insect meal to be used in animal feed.
Black soldier fly buzzing in popularity in Europe
Geographically, the global black soldier fly market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Europe is expected to witness rapid growth during the forecast period due to:
- The high demand for protein-rich animal feed
- Large supply of waste, including pre-consumer food waste from agriculture and food and beverage sectors
- The evolution of supportive policies for BSF farming.
SokoFresh's cold storage units will stop food waste in Kenya
A foodtech company in Kenya is using solar energy to help smallholder farmers keep harvested produce cool to prevent food waste.
SokoFresh is a member of The Circulars Accelerator, an initiative to help entrepreneurs scale innovations that will help the world move towards a circular economy – in which waste is eliminated and resources are used again and again.
New cold storage units to prevent food waste
Small-volume farmers who grow avocados, mangos and French beans in Kenya, are helping to test the model from SokoFresh, which manages mobile cold storage units, that run on 100% solar energy.
By paying a small amount (1 Kenyan shilling) per kilogram on a pay-as-you-go basis, farmers or produce buyers can affordably access cold storage, when they need it.
SokoFresh plans for 400 cold storage units, in five years, to boost income for 35,000 farmers.
Cold storage units will support Kenya’s farmers
About 90% of Kenya’s agricultural produce comes from smallholders, who don’t have the kind of cold storage solutions available to large-scale producers. This means lots of produce perishes in outside temperatures after being harvested.
“More than 30% of all food produced in the world for human consumption gets lost or wasted”, said a representative from SokoFresh says. “Food loss in Africa occurs almost entirely in the production and distribution stages.”
Farmers using the model can earn up to 50% more on their harvest, while buyers receive more and better quality produce.
The cost of logistics is also reduced, because trucks are picking up full loads that have been stored in the cold storage units by multiple farmers.
Enviu, the Netherlands-based impact venture organization behind SokoFresh, hopes to have a network of 400 cold storage units in the next five years. This would help 35,000 farmers, creating 3,000 new jobs in rural areas and reducing greenhouse gas emissions.
Sokofresh supports UN Sustainable Goal 12
Around 14% of food is lost after harvest on farms and at the transport, storage, processing and wholesale stages, according to the Food and Agriculture Organization of the United Nations. This food has a value of more than $400b a year.
UN Secretary-General António Guterres last year described food loss and waste as an “ethical outrage.”
By 2030, UN member states have pledged to halve food waste and reduce food loss as part of Sustainable Development Goal 12.
SokoFresh is a part of the solution to food security and ending food waste.