The insect as a contributor to world food security
The situation in Europe is particularly precarious in this respect because it imports 70% of its proteins. Aware of these future challenges, France has already affirmed its ambition to become a world leader in protein production in order to ensure its independence.
The large-scale development of the insect sector, in which InnovaFeed participates, is fully in line with this strategy. Insect production has indeed continuously placed itself as a complement to traditional sourcing, with a widely developed use in animal feed, particularly in Europe since the authorization of the use of insect protein in aquaculture granted by the European Union on July 1st, 2017. The insect protein market is considerably sized and projected to grow (estimated to reach 30 MT by 2030), and for which supply is still very limited.
The innovafeed model
InnovaFeed's model is based on three pillars:
Learn more about InnovaFeed's unique model
The world's largest production capacity
Created in 2016, InnovaFeed now has the world's largest production capacity with the opening of its second plant in Nesle, which is the largest insect factory operating in the world.
InnovaFeed created its breeding technology in 2016 in the laboratories of the Genopole's research institute based in Évry, and then built in 2017 a first pilot production site in Gouzeaucourt (59) with a production capacity of 1,000 tons of protein per year.
Now in its acceleration phase, InnovaFeed is launching its new factory in Nesle (80), a symbol of the ambition of the InnovaFeed model: industrial symbiosis at the heart of France’s agricultural hub. Through its growth, InnovaFeed wishes to play a key role in the development of a new French agricultural sector with strong innovation and export potential, and to contribute to France's protein independence.
In 2016 and 2017 :
research and development phase at the Evry Genopole campus.
From 2017 :
opening of the European aquaculture market for insect proteins and implementation of a pilot unit in Gouzeaucourt (59).
In 2020 :
• Launch of an industrial production unit in Nesle (80) with an unprecedented capacity of 15,000T per year, a world première.
• Signature of a partnership with Archer-Daniels-Midland Company, leaders in agribusiness, to deploy its industrial model on the largest agricultural site in the US (Illinois)
By 2030 :
continued industrial expansion and investment of €250m to develop 5 new industrial sites in France and abroad.
A pioneering journey from farm to fork
Since 2017, InnovaFeed has developed a strategic partnership with French retailer Auchan to make "insect fed" products available to the end consumer:
- In 2018, launch of "insect-fed" trout: 50% of the fishmeal in the feed is replaced by insect protein.
- In 2020, launch of "insect-fed" poultry: all the soybean oil present in the feed is replaced by insect oil.
A 100% entrepreneurial history
3 co-founders united around a common goal: create a company with a positive and sustainable impact on food and environment. After experiences in the world of strategic consulting and investment finance on the themes of technologies in the agro-food sector, Clément Ray, Bastien Oggeri and Aude Guo, engineers who graduated from leading engineering schools in France, created InnovaFeed around 3 imperatives: propose a high quality product with high added value, produce in a manner aligned with 100% circularity to contribute to the industrial revitalisation of the territories, and to put the insect back at the heart of the natural food cycles.
Four years later, the company has more than 120 employees.
Partners all over the world
InnovaFeed partners with world-class leaders and best-in-class experts in the industry, including Cargill, Italpollina, Barentz and Nealia.
To know more about our partners, click here. »
Financial support from the outset
Total funding of €200 million