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Thread: 'BUG BURGER'.... 'FLIES' with 'SLUG Shake'.... UN urges people to eat insects to fight world hunger

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    UK Avalon Member avid's Avatar
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    Default Re: 'BUG BURGER'.... 'FLIES' with 'SLUG Shake'.... UN urges people to eat insects to fight world hunger

    That is ridiculous, have shared this ludicrous fiasco to Welsh friends. Disgraceful who perpetrates such nonsense!
    Last edited by avid; 30th May 2022 at 17:12.
    The love you withhold is the pain that you carry
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    Default Re: 'BUG BURGER'.... 'FLIES' with 'SLUG Shake'.... UN urges people to eat insects to fight world hunger

    Great news in the field of "insects in food" - collapse of two large European insect farms:

    źnsect: how the world leader in insects ended up in bankruptcy

    On December 1, 2025, źnsect, long touted as the global leader in insect protein and a gem of French Tech, was placed in judicial liquidation. How could a company that had raised more than €600 million, supported by the government, several ministers, and even international celebrities, end up in this situation? Let's take a look back at a journey that symbolises the structural weaknesses of the sector.

    Promising beginnings
    Founded in 2011, Ynsect was born from a firm conviction: that insect farming could contribute to a more sustainable agriculture. The company then promised a local, circular, and environmentally friendly protein. It quickly benefited from massive support from the French State, via the Banque Publique d'Investissement (BPI), local authorities, and various innovation programs aimed at supporting the country's reindustrialisation. In 2021, three ministers attended the inauguration of its factory in Poulainville, near Amiens. The actor Robert Downey Jr., known for his role as Iron Man, even promoted Ynsect on American television. In total, the company raised over 600 million euros in public and private funding.

    An ambitious technology, but difficulties from the start
    Behind this exciting showcase, the technical difficulties quickly become apparent. By attempting to raise mealworms (Tenebrio molitor), the company ventures into relatively unknown territory. It faces numerous complications: diseases, parasites, overly fatty worms clogging the machines, etc. Furthermore, insects require a high temperature to grow quickly (over 25°C), which leads to high energy costs, exacerbated by rising prices resulting from the war in Ukraine.

    The construction of the Poulainville mega-factory, highly ambitious for a still-young sector, is falling behind schedule, particularly due to Covid. Delays are exceeding two years.

    Far from the promised circular economy
    Contrary to initial promises, feeding insects with organic waste is proving challenging. Health regulations prohibit the use of several types of waste, and their variable composition can lead to slower growth or increased mortality rates in insects. źnsect is therefore turning to agricultural by-products, such as wheat bran, which is often already used in animal feed.

    This choice raises several problems: these inputs are not waste, they compete with existing uses, and they are expensive. This raises questions about the announced environmental benefits, while weakening the economic arguments.

    A fragile economic model
    The main difficulty remains profitability. źnsect has long focused on animal feed, particularly for the aquaculture industry. However, insect meal remains uncompetitive: its cost is on average 2 to 10 times higher than that of fish or soy meal. The human food market, once targeted, is halted by low consumer acceptance.

    In 2023, the company abandoned this market and refocused on a narrower segment: premium food for dogs and cats.

    A downward spiral
    This repositioning is not enough to reverse the trend. źnsect laid off 20 % of its workforce in 2023, repeatedly delayed the completion of its factory, and requested new public funds. The needs are massive: at least 100 million euros would be needed to complete the construction of Poulainville.

    In September 2024, źnsect entered safeguard proceedings. In the absence of a buyer, the company was placed in receivership on March 3, 2025. BPI injected 10 million euros in emergency funding, but this only offers a delay of a few months.

    As its co-founder, Antoine Hubert, acknowledged in Libération: « There are no more investors on the market. It's like running down a corridor with thousands of doors, and the more you run, the more the doors close. »

    Results far from promises
    The contrast is striking. In 2023, źnsect reported a turnover of only €656,000, excluding internal transactions, yet incurred more than €80 million in losses. The press is critical, and a specialized newsletter even headlined: « 500 million raised to make the turnover of a bakery. »

    In June 2025, źnsect announced that it would lay off two-thirds of its workforce —more than 150 people—and stop breeding insects in France to refocus on processing products from foreign farms. The factory in Dole, in the Jura region, saw its workforce reduced by two-thirds and was taken over by a company co-founded by Antoine Hubert, the former CEO of źnsect.

    Finally, on December 1, 2025, Ynsect went into liquidation and closed its factory. None of the attempts to change course had been successful in turning the company around.

    A case that is not isolated
    Some observers attribute źnsect's difficulties to its overly ambitious model or choice of species. But in January 2025, Agronutris —another major player in the sector, with a more gradual approach and a different species (Hermetia illucens)—also entered into receivership, despite raising €100 million. Other companies have gone bankrupt, such as the Scandinavian leader, Enorm Biofactory (€55 million raised), and Aspire Food Group in Canada (€42 million raised).

    Even companies that have opted for a more strategic positioning remain fragile. Innovafeed, which has opted for more gradual development based on the black soldier fly, posted revenues of €5 million and losses of €35 million in 2024. Its US factory has suspended operations for 18 months. As the president of the Public Investment Bank acknowledged, these companies face a "host of difficulties."

    The problems appear to be structural: high costs, competition from conventional proteins, and a lack of clear market opportunities.

    A necessary reevaluation of public support
    źnsect has benefited from considerable public support. Given the theoretical advantages of insects, this choice made sense with the data available at the time. Investing involves a degree of uncertainty, and several assumptions have unfortunately proven more difficult to realize than expected.

    However, current difficulties call for a reassessment of public and private investment in this sector. Several signs point to one conclusion: insect farming is struggling to deliver on its promises, both environmentally and economically.

    https://www.onei-insectes.org/en/yns...es-economiques

    Breaking: Danish insect ag firm ENORM declared bankrupt after failed reconstruction process

    Danish insect ag co ENORM has been declared bankrupt after spending six months in a court-supervised restructuring process.

    ENORM, which raised €50 million ($57 million) from backers including Danish ag co-op DLG in 2022, opened a factory in Jutland in 2023 to supply the animal feed market with protein and oil from black soldier fly larvae (BSFL).

    Designed to produce around 11,000 tons of protein meal annually, the site was set to be one of Europe’s largest insect ag facilities. Innovafeed has a 15,000-ton site in France, while Protix has a 14,000-ton site in the Netherlands.

    COO Jane Lind Sam told reporters earlier this year that ENORM had “experienced strong interest and premium pricing potential until late 2024.” However, momentum had since “waned significantly,” pushing the firm into a court-ordered reconstruction process in late April 2025. At the time, Lind Sam said the company would use the reconstruction period to explore new business models, markets, and investors.

    According to a notice posted on November 1, however, ENORM was formally issued with a bankruptcy decree on October 30, with a court appointing attorney Henrik Selchau Poulsen as trustee.

    Parties with claims against ENORM are required to submit them to Poulsen by the end of the month.

    In a post on LinkedIn, Toke Munk Schou, head of biological R&D at the firm, confirmed the news: “A fantastic company with great vision and a workplace with lots of good and talented colleagues is closed. It’s sad, but the reality. Together we managed to build an insect factory not seen anywhere in the world. Unfortunately, sales were not as expected.

    “Even though the company ENORM is closed, I am sure that all the work we have done has not been in vain. Equipment and management will most likely be integrated into the industry. Our acquired knowledge will be able to be used in other contexts in the future.”

    Mixed picture for insect ag
    The news comes weeks after South African BSFL startup Inseco ceased operations and French mealworm farmer źnsect sought more time under court supervision to restructure operations and secure additional funding.

    In May, receivers were called in to Canada-based cricket farmer Aspire Food Group by lender Farm Credit Canada when it became clear the firm could not meet its financial obligations. The Ontario Superior Court of Justice later approved a deal to sell the assets to Halali Group Holdings.

    Despite the insect ag sector’s well-publicized struggles, however, new players are still attracting funding, with nextProtein securing €18 million ($21 million) this week to scale production in Tunisia and Volare bagging €26 million ($30 million) earlier this year to scale production in Finland.

    Meanwhile, French insect ag firm Innovafeed says plans to build a commercial scale BSFL facility at an ADM corn milling site in the US “remain very much alive.”

    AgFunderNews has contacted ENORM COO Jane Lind Sam for further comment.

    https://agfundernews.com/breaking-da...uction-process


    Similar fate for South African insect farm:

    https://agfundernews.com/south-afric...an-out-of-time
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    Default Re: 'BUG BURGER'.... 'FLIES' with 'SLUG Shake'.... UN urges people to eat insects to fight world hunger

    Quote Posted by Isserley (here)
    Great news in the field of "insects in food" - collapse of two large European insect farms:

    źnsect: how the world leader in insects ended up in bankruptcy
    .
    .
    .
    Finally, on December 1, 2025, Ynsect went into liquidation and closed its factory. None of the attempts to change course had been successful in turning the company around.

    A case that is not isolated
    Some observers attribute źnsect's difficulties to its overly ambitious model or choice of species. But in January 2025, Agronutris —another major player in the sector, with a more gradual approach and a different species (Hermetia illucens)—also entered into receivership, despite raising €100 million. Other companies have gone bankrupt, such as the Scandinavian leader, Enorm Biofactory (€55 million raised), and Aspire Food Group in Canada (€42 million raised).

    Even companies that have opted for a more strategic positioning remain fragile. Innovafeed, which has opted for more gradual development based on the black soldier fly, posted revenues of €5 million and losses of €35 million in 2024. Its US factory has suspended operations for 18 months. As the president of the Public Investment Bank acknowledged, these companies face a "host of difficulties."

    The problems appear to be structural: high costs, competition from conventional proteins, and a lack of clear market opportunities.
    .
    .
    This article about the Canadian failed bug farm mentioned above, Aspire, gives some detail about why it failed. Reliance on automation seems to have been the root of their problems, as it couldn’t cope with multiple shifting variables in the operation.

    Aspire’s product was grasshoppers, for human consumption, and retail price is $49 per lb./454 g. More than the most select cuts of farmed critters.

    The cost is a big thing, but so is “’yuck factor’” lol. Good.

    https://www.cbc.ca/news/canada/canad...farm-9.7136152

    Quote Ottawa's big bet on world's largest cricket farm ran into a simple problem: the 'yuck factor'

    Summarize

    Almost a year later, questions remain over how much public money was recovered

    Colin Butler · CBC News · Posted: Mar 29, 2026 2:00 AM MDT | Last Updated: March 29



    The business of insect farming was supposed to grow big and fast.

    In London, Ont., that promise took shape in Aspire Food Group Canada. Billed as the world's largest cricket farm, it was a 150,000-square-foot, fully automated facility designed to house billions of insects and produce millions of kilograms of protein each year.

    Crickets are touted as a low-carbon protein source, requiring less farmland than traditional livestock and offering the potential to address world food insecurity.

    The idea had global backing. In 2013, it won the $1-million US Hult Prize, presented by former U.S. president Bill Clinton. It went on to attract investors from the United States, Canada, Ireland and South Korea, along with tens of millions of dollars in federal loans and grants.

    The facility came online in 2022, entered receivership in 2025 and it remains unclear how much public money was recovered. The final sale price is secret. It's still sealed by court order.

    CBC News contacted all five of Aspire Food Group's founders. None agreed to speak on the record.


    Almost a year later, what is clear is this: the collapse of the world's largest cricket farm wasn't sudden — it was the result of a mismatch between the scale investors bet on and a market for eating insects that never fully materialized.

    "The biggest barrier is the yuck factor, or the disgust," Sadaf Mollaei, an assistant professor at the University of Guelph whose work focuses on sustainable food systems and consumer behaviour, told CBC News.

    The 'yuck factor'

    Mollaei said most North Americans have a deep-seated discomfort when it comes to eating insects and many consumers are reluctant to try it.

    Even if they were willing, she said, crickets aren't cheap. A 454-gram bag of cricket powder can retail for $49.99 — more than even premium cuts of beef on a per-pound basis.

    "It's a premium product," Mollaei said. "It's not cheaper. The selling point has never been a lower price, it's the fact it's better for the environment and it's a healthy product."

    When the industry first took off more than a decade ago, expectations were sky-high. There were hopes of rapid growth and widespread adoption, but in reality, the market in North America never developed as quickly as many anticipated.

    It left producers in a bind: they can't lower prices without more customers and they can't attract more customers without lowering prices.

    "The biggest challenge is still price point," said Darren Goldin, an insect farmer and the vice-president of operations at Entomo Farms in Norwood, Ont., about 30 kilometres east of Peterborough.

    The company started by producing crickets for pet food in 2013 and grew slowly, eventually expanding to about 50,000 square feet of production space, about a third the size of Aspire's London facility.


    Court documents show Aspire used tens of thousands of stacked plastic bins, or totes, to house crickets.

    Goldin said his operation relies on open rooms with cardboard "cricket condos," allowing farmers to see the insects, feed and water at a glance.

    "You can visually assess what's happening very, very easily," he said. "Contrast that to Aspire's model, where everything is in a giant tote and the tote's got a lid on it and it gets put away on a shelf."

    From 'cricket condos' to closed systems

    Goldin said cricket farming requires constant attention to quickly respond to changes, something he said would be difficult in an automated system.


    "It's like a really intricate web," he said, noting that even small changes — such as insect density, food and water access, even temperature — can ripple through an operation, increasing stress on the livestock and creating problems that are difficult to control.

    "What they [Aspire] were trying to accomplish was a very, very challenging task."

    Court documents show the London facility never came close to operating as planned. A system that worked at a small scale in Texas struggled to translate to Ontario, where differences in environment, ongoing design changes and problems with equipment all contributed to underperformance.

    Sale price is a secret

    By June 2024, the court filings said, Aspire was operating at roughly half capacity and needed tens of millions more in financing just to try to fix the issues to ramp up production.

    Farm Credit Canada (FCC) was owed roughly $41 million at the time of receivership, court documents show. The Crown Corporation declined to answer questions about how much of that sum has been recovered.

    "Out of respect for court proceedings and customer privacy, we will allow the court-filed documents to speak for themselves," Eva Larouche, a senior media relations consultant with FCC, wrote in an email to CBC News.

    Agriculture and Agri-Food Canada (AAFC) said it also provided about $8.5 million to Aspire, with roughly $7.8 million of that total still outstanding.



    Court documents show the property was sold and the transaction completed, with the purchase price paid to the court-appointed law firm in charge of selling Aspire's assets.

    In an emailed statement, the City of London said its $1 million in back taxes has since been paid in full, but it's unclear whether that money came from the sale of the proceeds.

    The city did not respond to a request to elaborate further.

    The facility was sold to Halali Group Holdings in October 2025, but the price remains sealed by court order, meaning it's still not clear how much public money was lost.

    Requests for comment to Halali co-owner Hussain Al-Ali were not returned.

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    Default Re: 'BUG BURGER'.... 'FLIES' with 'SLUG Shake'.... UN urges people to eat insects to fight world hunger

    I’m not sold on insects as some enlightened food of the future. Chitin is not something the human gut handles especially well, insect proteins can overlap with shellfish-type allergens, and the whole thing depends on what they were raised on and in. So once again we’re asked to treat an industrial workaround as if it were wisdom. Edible, maybe. Ideal for human health? That sounds more like marketing than truth.

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