Please ensure Javascript is enabled for purposes of website accessibility
Tyson Foods Diversifies into Insect Protein Market
News
By News
Published 6 months ago on
October 20, 2023

Share

Tyson Foods, a leading US meat producer, is venturing into the insect protein market. The company has invested in Protix, a Dutch firm that specializes in insect ingredients, and is collaborating with them to establish a US factory. The facility will utilize animal waste to feed black soldier flies, which will then be processed into food for pets, poultry, and fish. The financial details of the deal remain undisclosed.

The insect protein, while not intended for human consumption at this stage, is seen as a sustainable food source. A 2021 Rabobank report predicted that the demand for insect protein, primarily as an ingredient in animal feed and pet food, could surge to half a million metric tons by 2030, a significant increase from the current market of around 10,000 metric tons.

Tyson Foods, based in Springdale, Arkansas, does not manufacture pet food but sells its animal byproducts for use in the pet food and aquaculture market. The company sees the insect ingredient market as a promising growth area that could provide a larger revenue stream and help reduce waste.

The Growing Demand for Insect Protein

The insect ingredient market is expanding rapidly, with more startups entering the space due to the growing demand for insect protein. The partnership with Tyson Foods will enable Protix to scale up its operations and bring its solutions to a global stage.

Insect farming is considered more sustainable than traditional meat production, as it requires less land, water, and energy. Insects also consume waste that would otherwise be discarded, further reducing the environmental impact.

Read more on CNN.

RELATED TOPICS:

DON'T MISS

Community Leaders Call for Transparency in Fresno Superintendent Search

DON'T MISS

Israeli Settlers Rampage Through a West Bank Village, Killing 1 Palestinian and Wounding 25

DON'T MISS

US Intelligence Finding Shows China Surging Equipment Sales to Russia to Help War Effort in Ukraine

DON'T MISS

From Tragedy to Triumph: The Land Before Time Litter’s Journey

DON'T MISS

Oakland Officials Vote to Include ‘San Francisco’ in Airport’s Name

DON'T MISS

Several Writers Decline Recognition From PEN America in Protest Over Its Israel-Hamas War Stance

DON'T MISS

US Consumer Sentiment Falls Slightly as Outlook for Inflation Worsens

DON'T MISS

A Near-Total Ban on Abortion Has Supercharged the Political Dynamics of Arizona, a Key Swing State

DON'T MISS

Convicted Killer of College Student Kristin Smart Attacked at California Prison for Second Time

DON'T MISS

House Advances Reauthorization of US Spy Program as GOP Upheaval Threatens Final Passage

UP NEXT

US Consumer Sentiment Falls Slightly as Outlook for Inflation Worsens

UP NEXT

Buyer Resistance Grows as EV Ownership Rises: Poll

UP NEXT

Expert Chris Kameir Sheds Light on Digital Finance on Crypto The WonderDog Show

UP NEXT

Fast Food Wage Hike Impacts Fresno Restaurateurs of All Menu Types and Sizes

UP NEXT

Tesla Settles Lawsuit Over Man’s Death in a Crash Involving Its Semi-Autonomous Driving Software

UP NEXT

Austin Tells Congress Israel Is Taking Steps to Boost Aid to Gaza as Lawmakers Question US Support

UP NEXT

Is City ‘Low-Balling’ Fresno Businesses on Land Buys for Blackstone-McKinley Underpass?

UP NEXT

Experts Question the Feasibility of Biden’s ‘Billionaire Tax’ Proposal

UP NEXT

4.8 Magnitude NYC Earthquake Unnerves the Northeast

UP NEXT

State Department Under Fire for Downplaying Attack on Humanitarian Workers in Gaza

From Tragedy to Triumph: The Land Before Time Litter’s Journey

4 hours ago

Oakland Officials Vote to Include ‘San Francisco’ in Airport’s Name

4 hours ago

Several Writers Decline Recognition From PEN America in Protest Over Its Israel-Hamas War Stance

5 hours ago

US Consumer Sentiment Falls Slightly as Outlook for Inflation Worsens

5 hours ago

A Near-Total Ban on Abortion Has Supercharged the Political Dynamics of Arizona, a Key Swing State

5 hours ago

Convicted Killer of College Student Kristin Smart Attacked at California Prison for Second Time

5 hours ago

House Advances Reauthorization of US Spy Program as GOP Upheaval Threatens Final Passage

6 hours ago

While California Politicians Skirmish Over Housing, the Shortage Keeps Growing

9 hours ago

Tennessee Lawmakers Send Bill to Ban First-Cousin Marriages to Governor

9 hours ago

Instagram Blurs Nude Messages to Protect Teens, Fight Sexual Extortion

22 hours ago

Community Leaders Call for Transparency in Fresno Superintendent Search

Fresno Unified trustees on Wednesday said they now want to look externally for potential replacements for Superintendent Bob Nelson — a chan...

1 min ago

1 min ago

Community Leaders Call for Transparency in Fresno Superintendent Search

2 hours ago

Israeli Settlers Rampage Through a West Bank Village, Killing 1 Palestinian and Wounding 25

3 hours ago

US Intelligence Finding Shows China Surging Equipment Sales to Russia to Help War Effort in Ukraine

4 hours ago

From Tragedy to Triumph: The Land Before Time Litter’s Journey

4 hours ago

Oakland Officials Vote to Include ‘San Francisco’ in Airport’s Name

5 hours ago

Several Writers Decline Recognition From PEN America in Protest Over Its Israel-Hamas War Stance

5 hours ago

US Consumer Sentiment Falls Slightly as Outlook for Inflation Worsens

5 hours ago

A Near-Total Ban on Abortion Has Supercharged the Political Dynamics of Arizona, a Key Swing State

MENU

CONNECT WITH US

Search

Send this to a friend