{"id":419756,"date":"2026-01-04T12:57:05","date_gmt":"2026-01-04T11:57:05","guid":{"rendered":"https:\/\/climatescience.press\/?p=419756"},"modified":"2026-01-04T12:57:08","modified_gmt":"2026-01-04T11:57:08","slug":"surprise-a-600-million-insect-protein-animal-feed-business-just-went-bankrupt","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=419756","title":{"rendered":"Surprise! A $600 Million Insect Protein Animal Feed Business Just Went Bankrupt"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"723\" height=\"370\" data-attachment-id=\"419767\" data-permalink=\"https:\/\/climatescience.press\/?attachment_id=419767\" data-orig-file=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/01\/0AQObC0f09vu-Z7ulCC9qhJpkCIrvHxcfHhSzy5iWJu8_U-InlZm8h7gfy3m6wXCpANp9sa6_guQeHilCnXJIMWx2i3TOXjFC_igQbufJnOGS6UUHG1_isYyax27Zl6g-1.jpeg?fit=1785%2C914&amp;ssl=1\" data-orig-size=\"1785,914\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"0AQObC0f09vu-Z7ulCC9qhJpkCIrvHxcfHhSzy5iWJu8_U-InlZm8h7gfy3m6wXCpANp9sa6_guQeHilCnXJIMWx2i3TOXjFC_igQbufJnOGS6UUHG1_isYyax27Zl6g (1)\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/01\/0AQObC0f09vu-Z7ulCC9qhJpkCIrvHxcfHhSzy5iWJu8_U-InlZm8h7gfy3m6wXCpANp9sa6_guQeHilCnXJIMWx2i3TOXjFC_igQbufJnOGS6UUHG1_isYyax27Zl6g-1.jpeg?fit=723%2C370&amp;ssl=1\" src=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/01\/0AQObC0f09vu-Z7ulCC9qhJpkCIrvHxcfHhSzy5iWJu8_U-InlZm8h7gfy3m6wXCpANp9sa6_guQeHilCnXJIMWx2i3TOXjFC_igQbufJnOGS6UUHG1_isYyax27Zl6g-1.jpeg?resize=723%2C370&#038;ssl=1\" alt=\"Close-up view of mealworms on a conveyor belt in a farming facility, with green plastic bins in the background.\" class=\"wp-image-419767\" srcset=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/01\/0AQObC0f09vu-Z7ulCC9qhJpkCIrvHxcfHhSzy5iWJu8_U-InlZm8h7gfy3m6wXCpANp9sa6_guQeHilCnXJIMWx2i3TOXjFC_igQbufJnOGS6UUHG1_isYyax27Zl6g-1.jpeg?resize=1024%2C524&amp;ssl=1 1024w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/01\/0AQObC0f09vu-Z7ulCC9qhJpkCIrvHxcfHhSzy5iWJu8_U-InlZm8h7gfy3m6wXCpANp9sa6_guQeHilCnXJIMWx2i3TOXjFC_igQbufJnOGS6UUHG1_isYyax27Zl6g-1.jpeg?resize=300%2C154&amp;ssl=1 300w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/01\/0AQObC0f09vu-Z7ulCC9qhJpkCIrvHxcfHhSzy5iWJu8_U-InlZm8h7gfy3m6wXCpANp9sa6_guQeHilCnXJIMWx2i3TOXjFC_igQbufJnOGS6UUHG1_isYyax27Zl6g-1.jpeg?resize=768%2C393&amp;ssl=1 768w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/01\/0AQObC0f09vu-Z7ulCC9qhJpkCIrvHxcfHhSzy5iWJu8_U-InlZm8h7gfy3m6wXCpANp9sa6_guQeHilCnXJIMWx2i3TOXjFC_igQbufJnOGS6UUHG1_isYyax27Zl6g-1.jpeg?resize=1536%2C787&amp;ssl=1 1536w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/01\/0AQObC0f09vu-Z7ulCC9qhJpkCIrvHxcfHhSzy5iWJu8_U-InlZm8h7gfy3m6wXCpANp9sa6_guQeHilCnXJIMWx2i3TOXjFC_igQbufJnOGS6UUHG1_isYyax27Zl6g-1.jpeg?resize=640%2C328&amp;ssl=1 640w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/01\/0AQObC0f09vu-Z7ulCC9qhJpkCIrvHxcfHhSzy5iWJu8_U-InlZm8h7gfy3m6wXCpANp9sa6_guQeHilCnXJIMWx2i3TOXjFC_igQbufJnOGS6UUHG1_isYyax27Zl6g-1.jpeg?resize=1200%2C614&amp;ssl=1 1200w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/01\/0AQObC0f09vu-Z7ulCC9qhJpkCIrvHxcfHhSzy5iWJu8_U-InlZm8h7gfy3m6wXCpANp9sa6_guQeHilCnXJIMWx2i3TOXjFC_igQbufJnOGS6UUHG1_isYyax27Zl6g-1.jpeg?w=1785&amp;ssl=1 1785w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/01\/0AQObC0f09vu-Z7ulCC9qhJpkCIrvHxcfHhSzy5iWJu8_U-InlZm8h7gfy3m6wXCpANp9sa6_guQeHilCnXJIMWx2i3TOXjFC_igQbufJnOGS6UUHG1_isYyax27Zl6g-1.jpeg?w=1446&amp;ssl=1 1446w\" sizes=\"auto, (max-width: 723px) 100vw, 723px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>A French insect farming startup that specialized in producing mealworm-based protein primarily for animal feed (aquaculture, livestock, and poultry) and pet food, with some exploration into fertilizers and limited human applications.<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"687\" height=\"1024\" data-attachment-id=\"419763\" data-permalink=\"https:\/\/climatescience.press\/?attachment_id=419763\" data-orig-file=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/01\/0Ynsect.jpg?fit=784%2C1168&amp;ssl=1\" data-orig-size=\"784,1168\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"0\u0178nsect\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/01\/0Ynsect.jpg?fit=687%2C1024&amp;ssl=1\" src=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/01\/0Ynsect.jpg?resize=687%2C1024&#038;ssl=1\" alt=\"An industrial insect farming facility featuring large transparent containers filled with mealworms, alongside workers examining the production area with machinery in the background.\" class=\"wp-image-419763\" srcset=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/01\/0Ynsect.jpg?resize=687%2C1024&amp;ssl=1 687w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/01\/0Ynsect.jpg?resize=201%2C300&amp;ssl=1 201w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/01\/0Ynsect.jpg?resize=768%2C1144&amp;ssl=1 768w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/01\/0Ynsect.jpg?resize=640%2C953&amp;ssl=1 640w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/01\/0Ynsect.jpg?w=784&amp;ssl=1 784w\" sizes=\"auto, (max-width: 687px) 100vw, 687px\" \/><\/figure>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p class=\"wp-block-paragraph\">From <a href=\"https:\/\/wattsupwiththat.com\/2026\/01\/02\/surprise-a-600-million-insect-protein-animal-feed-business-just-went-bankrupt\/\">Watts Up With That?<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Essay by<\/strong> <a href=\"https:\/\/wattsupwiththat.com\/author\/eworrall1\/\">Eric Worrall<\/a><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"687\" height=\"1024\" data-attachment-id=\"419765\" data-permalink=\"https:\/\/climatescience.press\/?attachment_id=419765\" data-orig-file=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/01\/0Ynsect1.jpg?fit=784%2C1168&amp;ssl=1\" data-orig-size=\"784,1168\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"0\u0178nsect1\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/01\/0Ynsect1.jpg?fit=687%2C1024&amp;ssl=1\" src=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/01\/0Ynsect1.jpg?resize=687%2C1024&#038;ssl=1\" alt=\"A modern insect farming facility with mealworm production equipment and a group of professionals discussing operations.\" class=\"wp-image-419765\" srcset=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/01\/0Ynsect1.jpg?resize=687%2C1024&amp;ssl=1 687w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/01\/0Ynsect1.jpg?resize=201%2C300&amp;ssl=1 201w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/01\/0Ynsect1.jpg?resize=768%2C1144&amp;ssl=1 768w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/01\/0Ynsect1.jpg?resize=640%2C953&amp;ssl=1 640w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/01\/0Ynsect1.jpg?w=784&amp;ssl=1 784w\" sizes=\"auto, (max-width: 687px) 100vw, 687px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">First published&nbsp;<a href=\"https:\/\/www.joannenova.com.au\/2026\/01\/europes-biggest-insect-factory-goes-bankrupt-ze-bugs-are-not-even-dog-food\/\" target=\"_blank\" rel=\"noreferrer noopener\">JoNova<\/a>,&nbsp;<a href=\"https:\/\/x.com\/MyLordBebo\/status\/2005736036547305763\" target=\"_blank\" rel=\"noreferrer noopener\">Tom Nelson<\/a>&nbsp;\u2013 Even starving dogs wouldn\u2019t eat their product?<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\"><strong>How reality crushed \u0178nsect, the French startup that had raised over $600M for insect farming<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/techcrunch.com\/author\/anna-heim\/\">Anna Heim<\/a><br>2:52 PM PST \u00b7 December 26, 2025<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">French startup&nbsp;<a href=\"https:\/\/www.ynsect.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u0178nsect<\/a>&nbsp;shot into the spotlight when \u201cIron Man\u201d star Robert Downey Jr.&nbsp;<a href=\"https:\/\/x.com\/colbertlateshow\/status\/1358653206713221123\" target=\"_blank\" rel=\"noreferrer noopener\">touted its merits<\/a>&nbsp;on the \u201cLate Show\u201d during Super Bowl weekend 2021. Now, nearly four years later, the insect farming company has been&nbsp;<a href=\"https:\/\/agfundernews.com\/judicial-liquidation-for-ynsect-as-insect-farming-sector-struggles-to-become-competitive\" target=\"_blank\" rel=\"noreferrer noopener\">placed into judicial liquidation<\/a>&nbsp;\u2014 essentially bankruptcy \u2014 for insolvency.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<div class=\"embed-twitter\"><blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">.<a href=\"https:\/\/twitter.com\/RobertDowneyJr?ref_src=twsrc%5Etfw\">@RobertDowneyJr<\/a> teaches us about insect protein. <a href=\"https:\/\/twitter.com\/fp_coalition?ref_src=twsrc%5Etfw\">@fp_coalition<\/a> <a href=\"https:\/\/twitter.com\/Ynsect?ref_src=twsrc%5Etfw\">@ynsect<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/LSSCSuperBowlSpecial?src=hash&amp;ref_src=twsrc%5Etfw\">#LSSCSuperBowlSpecial<\/a> <a href=\"https:\/\/t.co\/wZI31TVOYT\">pic.twitter.com\/wZI31TVOYT<\/a><\/p>&mdash; The Late Show (@colbertlateshow) <a href=\"https:\/\/twitter.com\/colbertlateshow\/status\/1358653206713221123?ref_src=twsrc%5Etfw\">February 8, 2021<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/div>\n<\/div><\/figure>\n<\/blockquote>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\">\u2026<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">And revenue was the problem. According to publicly available data, \u0178nsect\u2019s revenue from its main entity&nbsp;<a href=\"https:\/\/www.pappers.fr\/entreprise\/ynsect-534948617\" target=\"_blank\" rel=\"noreferrer noopener\">peaked<\/a>&nbsp;at \u20ac17.8 million in 2021 (approximately $21 million) \u2014 a figure reportedly inflated by&nbsp;<a href=\"https:\/\/www.zero-bullshit.fr\/p\/ynsect-500m-leves-pour-faire-le-ca\" target=\"_blank\" rel=\"noreferrer noopener\">internal transfers<\/a>&nbsp;between subsidiaries. By 2023, the company had racked up a net loss of \u20ac79.7 million ($94 million).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2026<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">But the vision collided with market reality. Animal feed is a commodity market driven by price, not sustainability premiums. \u2026<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2026<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The 2023 pivot to pet food came too late. By then, \u0178nsect had already committed to a massive, capital-intensive bet that would ultimately doom the company. That bet was \u0178nfarm, a \u201cgiga-factory\u201d in Northern France that the company billed \u201cthe world\u2019s&nbsp;<a href=\"https:\/\/techcrunch.com\/2020\/10\/06\/ynsect-the-makers-of-the-worlds-most-expensive-bug-farm-raises-another-224-million\/\" target=\"_blank\" rel=\"noreferrer noopener\">most expensive bug farm<\/a>.\u201d Built for insect production at scale, the facility consumed hundreds of millions in funding \u2014 money spent before \u0178nsect had proven its business model or figured out its unit economics.<br><br>\u2026Read more:&nbsp;<a href=\"https:\/\/techcrunch.com\/2025\/12\/26\/how-reality-crushed-ynsect-the-french-startup-that-had-raised-over-600m-for-insect-farming\/\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/techcrunch.com\/2025\/12\/26\/how-reality-crushed-ynsect-the-french-startup-that-had-raised-over-600m-for-insect-farming\/<\/a><\/p>\n<\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">I love it when green activists and clueless Hollywood celebrities think they know how to run a business.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The fools blew hundreds of millions of dollars on a giant production plant, only to discover their target market didn\u2019t exist. By the time they realised their original plan was a bust, they used internal transfers to inflate reported revenue, then tried to retool their plant for their new target market. But there wasn\u2019t enough money left to solve their retooled plant production problems, so they ran out of cash.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Anyone who has ever run their own business knows that if possible, you start small and field test your ideas, even if you have lots of capital burning a hole in your pocket. No business plan survives contact with reality, you have to test and refine your plan, and if necessary, completely ditch the original plan and pivot into doing something new, while preserving as much capital as possible for the big push once your idea starts to generate revenue.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<figure class=\"wp-block-image size-large\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"723\" height=\"482\" data-attachment-id=\"419769\" data-permalink=\"https:\/\/climatescience.press\/?attachment_id=419769\" data-orig-file=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/01\/0Screenshot-2026-01-04-124644.png?fit=1190%2C794&amp;ssl=1\" data-orig-size=\"1190,794\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"0Screenshot 2026-01-04 124644\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/01\/0Screenshot-2026-01-04-124644.png?fit=723%2C482&amp;ssl=1\" src=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/01\/0Screenshot-2026-01-04-124644.png?resize=723%2C482&#038;ssl=1\" alt=\"A researcher in protective gear inspecting mealworm substrate in a laboratory setting, surrounded by containers of insect farming material.\" class=\"wp-image-419769\" srcset=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/01\/0Screenshot-2026-01-04-124644.png?resize=1024%2C683&amp;ssl=1 1024w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/01\/0Screenshot-2026-01-04-124644.png?resize=300%2C200&amp;ssl=1 300w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/01\/0Screenshot-2026-01-04-124644.png?resize=768%2C512&amp;ssl=1 768w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/01\/0Screenshot-2026-01-04-124644.png?resize=640%2C427&amp;ssl=1 640w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/01\/0Screenshot-2026-01-04-124644.png?w=1190&amp;ssl=1 1190w\" sizes=\"auto, (max-width: 723px) 100vw, 723px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Details:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Raised over $600 million (approximately \u20ac600 million) in funding since 2011 from high-profile investors, including Robert Downey Jr.&#8217;s FootPrint Coalition, venture firms like Astanor Ventures, and significant public money from France&#8217;s Bpifrance and taxpayer subsidies.<\/strong><\/li>\n\n\n\n<li><strong>In late December 2025, a French commercial court placed the company into judicial liquidation (the French equivalent of bankruptcy) due to insolvency, after months of financial struggles, failed restructuring attempts, and inability to secure additional funding.<\/strong><\/li>\n\n\n\n<li><strong>The company&#8217;s massive &#8220;\u0178nfarm&#8221; facility in Amiens, France\u2014billed as the world&#8217;s largest and most advanced insect farm\u2014became a major money sink, costing hundreds of millions before proving viable economics.<\/strong><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Failure:<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Despite the hype around sustainability (insects as a low-impact alternative to soy or fishmeal), the business collapsed because:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Animal feed is a low-margin commodity market where buyers prioritize the cheapest option\u2014insect protein was 2\u201310 times more expensive than traditional sources.<\/strong><\/li>\n\n\n\n<li><strong>Scaling issues \u2192 production challenges (diseases, parasites, inconsistent quality), high energy and input costs, and reliance on feedstocks that weren&#8217;t truly &#8220;waste-based&#8221; at scale.<\/strong><\/li>\n\n\n\n<li><strong>Revenue never took off \u2192 peaking at around \u20ac18 million (~$21 million) in 2021, with massive losses (e.g., \u20ac80 million net loss in 2023).<\/strong><\/li>\n\n\n\n<li><strong>A late pivot to higher-margin pet food came too late to save the overbuilt infrastructure.<\/strong><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A French insect farming startup that specialized in producing mealworm-based protein primarily for animal feed (aquaculture, livestock, and poultry) and pet food, with some exploration into fertilizers and limited human applications.<\/p>\n","protected":false},"author":121246920,"featured_media":419767,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","_crdt_document":"","advanced_seo_description":"Discover how \u0178nsect, a French insect farming startup, went from hype to bankruptcy amid financial struggles and market challenges.","jetpack_seo_html_title":"The Rise and Fall of \u0178nsect: Lessons from a Failed Startup","jetpack_seo_noindex":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":true,"token":"eyJpbWciOiJodHRwczpcL1wvY2xpbWF0ZS1zY2llbmNlLnByZXNzXC93cC1jb250ZW50XC91cGxvYWRzXC8yMDI2XC8wMVwvMEFRT2JDMGYwOXZ1LVo3dWxDQzlxaEpwa0NJcnZIeGNmSGhTenk1aVdKdThfVS1JbmxabThoN2dmeTNtNndYQ3BBTnA5c2E2X2d1UWVIaWxDblhKSU1XeDJpM1RPWGpGQ19pZ1FidWZKbk9HUzZVVUhHMV9pc1l5YXgyN1psNmctMS0xMDI0eDUyNC5qcGVnIiwidHh0IjoiU3VycHJpc2UhIEEgJDYwMCBNaWxsaW9uIEluc2VjdCBQcm90ZWluIEFuaW1hbCBGZWVkIEJ1c2luZXNzIEp1c3QgV2VudCBCYW5rcnVwdCIsInRlbXBsYXRlIjoiaGlnaHdheSIsImZvbnQiOiIiLCJibG9nX2lkIjoxNTU4MTI0NDl9.3VnqT5RXBgGuW9P6UWS7hAKX8hFclC1iU_m_B8EluZ4MQ"},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[691840499,691840500,691819118,691840497,691840498,691840496,691840495],"class_list":{"0":"post-419756","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-uncategorized","8":"tag-alternative-proteins","9":"tag-foodtech","10":"tag-france","11":"tag-french-startup","12":"tag-insect-farming","13":"tag-mealworm-based-protein","14":"tag-ynsect","16":"fallback-thumbnail"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/01\/0AQObC0f09vu-Z7ulCC9qhJpkCIrvHxcfHhSzy5iWJu8_U-InlZm8h7gfy3m6wXCpANp9sa6_guQeHilCnXJIMWx2i3TOXjFC_igQbufJnOGS6UUHG1_isYyax27Zl6g-1.jpeg?fit=1785%2C914&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paxLW1-1Lcg","jetpack-related-posts":[{"id":338412,"url":"https:\/\/climatescience.press\/?p=338412","url_meta":{"origin":419756,"position":0},"title":"You Will Eat Bugs. You Will Enjoy\u00a0Them","author":"uwe.roland.gross","date":"03\/08\/2024","format":false,"excerpt":"The best news for the Climate Council trio is that the three species are certain to be augmented soon to many more creepies, crawlies and buzzing fliers. The Straits Times reported last month the Singapore Food Agency\u2019s approval of an expanded list of 16 plate-ready bugs. Among the endorsed species\u2026","rel":"","context":"In \"alternative protein\"","block_context":{"text":"alternative protein","link":"https:\/\/climatescience.press\/?tag=alternative-protein"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/08\/00What-Countries-Eat-Bugs.jpeg?fit=1200%2C800&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/08\/00What-Countries-Eat-Bugs.jpeg?fit=1200%2C800&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/08\/00What-Countries-Eat-Bugs.jpeg?fit=1200%2C800&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/08\/00What-Countries-Eat-Bugs.jpeg?fit=1200%2C800&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/08\/00What-Countries-Eat-Bugs.jpeg?fit=1200%2C800&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":365571,"url":"https:\/\/climatescience.press\/?p=365571","url_meta":{"origin":419756,"position":1},"title":"The Great Climate Fear Factory","author":"uwe.roland.gross","date":"10\/02\/2025","format":false,"excerpt":"If you found a worm in your sliced bread you would be horrified. You would probably share photos and outrage on social media and return the loaf to the shop you bought it from. Consider then that mealworm powder has just been approved by the European Union as a novel\u2026","rel":"","context":"In \"children\"","block_context":{"text":"children","link":"https:\/\/climatescience.press\/?tag=children"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/02\/0Screenshot-2025-02-07-205947.jpeg?fit=1200%2C677&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/02\/0Screenshot-2025-02-07-205947.jpeg?fit=1200%2C677&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/02\/0Screenshot-2025-02-07-205947.jpeg?fit=1200%2C677&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/02\/0Screenshot-2025-02-07-205947.jpeg?fit=1200%2C677&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/02\/0Screenshot-2025-02-07-205947.jpeg?fit=1200%2C677&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":434732,"url":"https:\/\/climatescience.press\/?p=434732","url_meta":{"origin":419756,"position":2},"title":"The Great Bug Protein Bust: Economic Reality Hits Hard as One Voice Wonders If Mass Insect Farming Was Cruel","author":"uwe.roland.gross","date":"27\/03\/2026","format":false,"excerpt":"The industry collapse is real and mostly economic Major outlets across the spectrum (Vox, Mother Jones) reported in early March 2026 that roughly a quarter of the ~20 largest insect-farming startups have gone bust or entered liquidation after ~$2 billion in total investment.","rel":"","context":"In \"$2 billion in investment\"","block_context":{"text":"$2 billion in investment","link":"https:\/\/climatescience.press\/?tag=2-billion-in-investment"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/03\/0-The-Great-Bug-Protein-Bust-Economic-Reality-Hits-Hard-as-One-Voice-Wonders-If-Mass-Insect-Farming-Was-Cruel.jpg?fit=784%2C1168&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/03\/0-The-Great-Bug-Protein-Bust-Economic-Reality-Hits-Hard-as-One-Voice-Wonders-If-Mass-Insect-Farming-Was-Cruel.jpg?fit=784%2C1168&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/03\/0-The-Great-Bug-Protein-Bust-Economic-Reality-Hits-Hard-as-One-Voice-Wonders-If-Mass-Insect-Farming-Was-Cruel.jpg?fit=784%2C1168&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/03\/0-The-Great-Bug-Protein-Bust-Economic-Reality-Hits-Hard-as-One-Voice-Wonders-If-Mass-Insect-Farming-Was-Cruel.jpg?fit=784%2C1168&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":337229,"url":"https:\/\/climatescience.press\/?p=337229","url_meta":{"origin":419756,"position":3},"title":"Waging War on Modern Agriculture and Global Nutrition","author":"uwe.roland.gross","date":"22\/07\/2024","format":false,"excerpt":"The World Economic Forum says the world faces a new crisis, \u201cOne-third of anthropogenic greenhouse gas emissions come from food production.\u201d With the world\u2019s population expected to reach 10 billion people by 2050, it is therefore \u201curgent\u201d that we launch a \u201cradical\u201d and \u201ccomprehensive\u201d transformation of the global food system\u2026","rel":"","context":"In \"global food system\"","block_context":{"text":"global food system","link":"https:\/\/climatescience.press\/?tag=global-food-system"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/07\/00Modern_agricultural_machinery_autumn_harvest_2560x1440.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/07\/00Modern_agricultural_machinery_autumn_harvest_2560x1440.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/07\/00Modern_agricultural_machinery_autumn_harvest_2560x1440.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/07\/00Modern_agricultural_machinery_autumn_harvest_2560x1440.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/07\/00Modern_agricultural_machinery_autumn_harvest_2560x1440.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":243760,"url":"https:\/\/climatescience.press\/?p=243760","url_meta":{"origin":419756,"position":4},"title":"The possible dangers of eating insects","author":"uwe.roland.gross","date":"07\/02\/2023","format":false,"excerpt":"The farming and processing of edible insects for human and animal consumption appears to be gaining in popularity.","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/02\/image-316.png?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/02\/image-316.png?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/02\/image-316.png?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/02\/image-316.png?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/02\/image-316.png?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":335778,"url":"https:\/\/climatescience.press\/?p=335778","url_meta":{"origin":419756,"position":5},"title":"Is it ethical to recommend eating bugs?","author":"uwe.roland.gross","date":"07\/07\/2024","format":false,"excerpt":"Six years ago, the World Economic Forum reported that insects are \u201cgood grub,\u201d citing a Meticulous Research study predicting that the global market for edible insects could grow to $1.18 billion by 2023 \u2013 triple the 2018 level. Four years later, another WEF report listed \u201cfive reasons why eating insects\u2026","rel":"","context":"In \"Climate change\"","block_context":{"text":"Climate change","link":"https:\/\/climatescience.press\/?tag=climate-change"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/07\/0eating-insects.jpg?fit=1200%2C986&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/07\/0eating-insects.jpg?fit=1200%2C986&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/07\/0eating-insects.jpg?fit=1200%2C986&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/07\/0eating-insects.jpg?fit=1200%2C986&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/07\/0eating-insects.jpg?fit=1200%2C986&ssl=1&resize=1050%2C600 3x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/419756","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/users\/121246920"}],"replies":[{"embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=419756"}],"version-history":[{"count":10,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/419756\/revisions"}],"predecessor-version":[{"id":419770,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/419756\/revisions\/419770"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/media\/419767"}],"wp:attachment":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=419756"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=419756"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=419756"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}