Austria cannot cover its livestock feed protein demand by its own. Thus, significant quantities of soybeans are imported from countries like USA, Brazil, and Argentina. Using Black Soldier Fly (BSF) larvae meal instead of soybean meal would allow Austria to become independent from feed imports. BSF larvae meal from biogenous waste can be produced in ecological sustainable manner: Land and water use is marginal, chemical plant protection is not needed and greenhouse gas emission levels are very low. This thesis analyses the potential of BSF larvae meal as feed for livestock in Austria and shows how much of the soybean imports could be substituted by domestic BSF larvae meal production. Additionally, the conditions of economic viable BSF larvae meal production are revealed. Built on an extensive literature research, congress meetings and numerous interviews, a profit comparison calculation was carried out. The main finding is that BSF larvae meal production can be cost effective under certain conditions in Austria. Transport costs, conversion ratio, and soybean price have a particularly high impact on the profitability of a fly rearing facility. Based on biogenous waste alone, about 50 thousend tonnes of crude protein can be produced, which equals a substitution of 24 % of the soybean imports. Thus, the potential of BSF fly larvae as a source of protein in the diets of swine and poultry is considerable. However, BSF larvae meal needs to be safe in order to be permitted as a feedstuff in European legislation. Hence, research efforts should focus on the development of new processes and methodologies of waste treatment, substrate preparation and fly rearing in order to guarantee valuable protein sources without the risk of contamination or pest transmission.