- In March 2020, Thai Union Group of Thailand announced plans to allocate $30 million towards advancing alternative proteins and other FoodTech innovations, signaling a strategic shift towards diversification. Concurrently, the company made an undisclosed investment in Flying Spark, an Israeli start-up specializing in insect protein. This move aligns with Thai Union's ambition to bolster its position in the growing insect protein market, foreseeing substantial growth opportunities in the sector
- In March 2020, Protix BV, a prominent insect farming enterprise based in the Netherlands, secured funding from Rabo Corporate to fortify its black soldier fly larvae production facility. The investment, the exact amount of which remains undisclosed, underscores Protix's commitment to expanding its capacity for rearing and processing insect-derived ingredients such as proteins and lipids. This strategic move aims to capitalize on the increasing demand for sustainable protein sources, positioning Protix as a key player in the emerging insect-based food industry
