ARTICLE 42 F&A Alternative Proteins Edition April 2023 Magalarva collaborates with Indonesian government to solve food waste problem and provide sustainable protein source for the feed mill industry. With continued collaboration and support from the government, Magalarva and other companies can continue to make positive strides in finding innovative solutions to the challenges faced by the industry, ultimately benefiting the environment, economy, and society as a whole. PENETRATING THE PRICE BARRIER OF INSECT PROTEIN FOR ANIMAL FEED Rendria Arsyan Labde CEO & Founder Magalarva Overfishing, deforestation, soil degradation, and carbon emissions are the environmental impacts of the animal feed production that is heavily reliant on fish meal and soybean meal as the main protein sources. The quest for sustainable protein sources has led to a surge in interest for the Black Soldier Fly (Hermetia Illucens). Their unique biological properties, including their efficient bioconversion process, low carbon footprint, and high nutritional value, make them a superior option to conventional feed sources. They represent a critical opportunity to revolutionize animal feed production and contribute to a more sustainable food system. Black Soldier Fly (BSF) can efficiently convert organic waste into valuable protein and fat. Not only do they provide a sustainable protein source, but they also help tackle the ever growing global issue of organic waste build-up, reducing the amount of waste that would otherwise end up in landfills. BREAKING THROUGH A $460 BILLION OPPORTUNITY: OVERCOMING THE CHALLENGES OF SUSTAINABLE PROTEIN While the potential market is enormous, up to USD 460 billion, the biggest challenge faced by the Black Soldier Fly (BSF) company in achieving success is the substitution of fish meal and other protein sources with a competitive cost. However, this challenge is not unique to BSF companies, as many in the industry are also grappling with the same issue. The rising demand for sustainable protein sources has prompted companies to explore alternative options to reduce costs and improve the quality of their products. In Indonesia, the government is facing a significant food waste problem. The issue of food waste has become a pressing concern, with over 40,000 tons of food being discarded and wasted on a daily basis. This has not only led to environmental issues but also economic and social challenges. The government has been actively looking for solutions to manage the food waste problem and reduce its impact on society and the environment.
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