Yes, food giants from Tyson to Cargill are working to navigate a future where protein isn’t dominated by traditional animal sources where approximately 43 kg of meat per capita have been consumed every year over the last few years, a number that has grown by 20 kg since 1961.
Urbanization, population growth, and a rising middle class lead to greater meat consumption. Alternative protein sources can reduce negative environmental impact and contamination. Consumers are seeking healthier, more sustainable food alternatives. Advances in ag tech and synthetic biology are enabling high-tech meatless products.
Startups are disrupting the meat production value chain through the development of high-tech protein products — threatening established players like Tyson, which is an aggressive participant in the alternative protein movement. Meat substitute startups are not only competing with prepared and frozen meats, but are also creating alternative snacks.
Yes, Cricket-raising results in 100x lower greenhouse gas emissions than beef cow production, and crickets also have higher proportions of protein than beef or chicken. And because crickets require proportionally less feed than livestock animals, production is more efficient. Efforts to develop financially viable, tasty insect-based food solutions have attracted the attention and funding of major foundations and companies.
Switching from beef to alternative proteins can lead to significant reductions in greenhouse‐gas emissions, especially for transitions to plant‐ or insect‐based alternatives. While current estimates of emissions from cultured beef suggest only modest reductions, depending on how production of cultured beef is scaled up.
Referring to a white paper from the World Economic Forum “Meat: The Future series – Alternative Proteins” published 2019, beef has the highest emission intensity of approximately 24 kg of carbon dioxide equivalents per 200 kcal compared to insects that has approximately 1 kg of carbon dioxide equivalents per 200 kcal. Emissions intensity kgCO2eq per 200kcal
Global Bugs is aiming for large scale low cost production of crickets and CPG products made of cricket powder in our new EntoFarms based on our “farm in a box model”. With semi automatic production we can significantly reduce our production cost compared to our present R&D farm. One EntoFarm is planned to produce more than 45 tonnes of EntoPowder per annum based on our EntoBox solution. We also believe that cross-border co-operations as well as mergers and acquisitions will be done among some key players on the market to receive synergies and lower production costs. Global Bugs Asia is supported by the Board of Investment which among several incentives gives us tax exemptions for 8 years on company tax and dividends, without cap.