Nov 13, 2023

Tyson Foods is investing in insect protein

Tyson Foods, one of the largest meat producers in the U.S., is venturing into a new realm of protein production by investing in insect-based protein. The company announced its investment in Protix, a Netherlands-based firm specializing in insect ingredients. This move signifies Tyson's strategic diversification into more sustainable and innovative sources of protein. The partnership […] 
 Nov 13, 2023

Tyson Foods is investing in insect protein

Tyson Foods, one of the largest meat producers in the U.S., is venturing into a new realm of protein production by investing in insect-based protein. The company announced its investment in Protix, a Netherlands-based firm specializing in insect ingredients. This move signifies Tyson's strategic diversification into more sustainable and innovative sources of protein.

The partnership between Tyson and Protix involves building a facility in the U.S. that will utilize animal waste to feed black soldier flies. These flies will then be processed into food ingredients for pets, poultry, and fish. While this insect protein is not intended for human consumption at present, the venture marks an important step in exploring alternative protein sources.

John R. Tyson, the CFO of Tyson Foods, emphasized the focus on using insect protein as an ingredient rather than a direct consumer product. The decision aligns with the growing interest in sustainable food production and the utilization of waste products in the animal feed industry.

The insect protein market is expanding rapidly. A 2021 report from Rabobank projected that demand could reach half a million metric tons by 2030, a significant increase from the current market size. Major companies like Mars have already launched pet food products incorporating insect protein, reflecting the sector's potential growth.

Tyson's venture into insect farming is also an effort to derive value from animal byproducts, which otherwise might end up in landfills. This initiative not only reduces waste but also potentially opens new revenue streams for the company.

Experts like Christine Johanna Picard, who co-created the Center for Environmental Sustainability through Insect Farming, acknowledge the exponential growth in the demand for insect protein. This growth is driven by increasing environmental concerns and the need for sustainable food production methods.

The use of insects as a food source is advantageous because they require less space, consume waste, and are a more sustainable option compared to traditional livestock farming. The black soldier fly, in particular, is noted for its ability to thrive on various food wastes, making it an efficient tool for waste management.

As Tyson Foods and Protix move forward with this collaboration, they contribute to a paradigm shift in sustainable food systems, highlighting the potential of insects as a key component in future food and feed production.

Market Mondays

WORLD TOUR

GHANA: Edition

Join Earn Your Leisure on Market Mondays in Ghana, December 27, 2023
PURCHASE TICKETS

RELATED NEWS

Shop EYL Merch

SHOP ALL >
Join The Earn Your Leisure Newsletter

Stay up-to-date with the latest news in Business, Investing and Real Estate.

*by clicking Subscribe you agree to our Terms of Service and Privacy Policy