Tyson Foods investing big in bug protein for new venture

Tyson Foods is partnering with a Dutch bug-protein company to bring insect farming to the U.S., using livestock waste as feed. Earlier this month, meat producing giant Tyson Foods announced its investment in insect protein producer Protix and said it's partnering with the Netherlands-based company to build a facility in the U.S. that will raise insects.

The bug protein won't be used for human consumption at this point. Instead, the facility will use animal waste from Tyson cattle to feed black soldier flies, which will then be processed into food for pets, livestock and fish. 'Today, we’re focused on more of ingredient application with insect protein than we are a consumer application,' Tyson Foods CFO John R. Tyson said in an Oct. 17 statement.

The black soldier fly 'can grow on almost every type of food waste and byproduct you can imagine,' Protix CEO Kees Aarts said. The demand for insect protein could reach half a million metric tons by 2030 — a significant increase from the existing market of 10,000 metric tons, according to a 2021 Rabobank report.

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