Michael Woods

Co-Founder & COO at Susento - Stellenbosch, Western Cape, South Africa

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Location
Cape Town,Western Cape,8001,South Africa
Company
Susento
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Susento

Stellenbosch, Western Cape, South Africa • 3 Employees
Food Production

The demand for animal protein is estimated to rise by 70% within the next 30 years. Current protein sources do not have the capacity to meet these demands and insect protein has gained attention as a possible alternative. Using insects as a protein source isn't a novel concept. The edible insect market will increase at a compounded annual growth rate of 23.8% from 2018 to 2023 and is projected to reach 8 billion USD while insects as animal feed are projected to reach 2.8 billion USD by 2030. The production of high-quality insects for feed and food purposes at constant quantities has been a limiting factor in the growth potential of insects as an alternative protein source. SUSENTO rears black soldier fly larvae on agricultural by-products and with knowledge of insect nutrient requirements combined with feed formulation expertise allow for the production of consistent quality and quantities of insects. The biggest advantage of this industry is that it is totally sustainable. Little greenhouse gas emissions are produced when farming insects and a net gain of water is associated with this agricultural practice. Insects can produce up to 5000 times the amount of protein per hectare compared to that of soy and therefore could reduce deforestation associated with soy production. Insect protein can also relieve the pressure placed on our wild fish stocks.

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