Singapore-based insect food company draws investment worth almost $40M -

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The report has revealed that there are 15 Singapore-based insect companies with operations in more than ten countries, including start-up companies.

They mainly focus on developing insect protein for animal feed or insect snacks, such as cricket flour. Some companies are developing patented technologies to extract high-value biomaterials from insects.

Enterprise Singapore said that as a regional R&D center, Singapore can become a springboard for local and European insect companies to cooperate in the industry to develop insect-based food. In addition to this, farmed insects can also be used as animal feed or organic fertilizers.

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