An update to this—a study just came out that found black soldier fly larvae replacing up to 30% of fishmeal/fishoil in Siberian Sturgeons is now theoretically more profitable than pure FMFO. Also, there is a new Rabobank report that estimates current prices to be $4-6.5 / kg, dropping to $3/kg by 2030, so it seems like on the fishmeal side, there is a decent chance that 10-15% of diets of at least some fish will be replaced by BSFL or mealworms. (though note Rabobank is a large investor in the space so it’s hard to know to motivations behind the projections).
An update to this—a study just came out that found black soldier fly larvae replacing up to 30% of fishmeal/fishoil in Siberian Sturgeons is now theoretically more profitable than pure FMFO. Also, there is a new Rabobank report that estimates current prices to be $4-6.5 / kg, dropping to $3/kg by 2030, so it seems like on the fishmeal side, there is a decent chance that 10-15% of diets of at least some fish will be replaced by BSFL or mealworms. (though note Rabobank is a large investor in the space so it’s hard to know to motivations behind the projections).