Tyson Foods, largest meat producer in U.S., invests in meatless future


The new head of Tyson Foods, the largest meat processor in the United States, said he sees a possible meatless future for the world’s 9 billion people.

Tyson CEO Tom Hayes, who took over the reins in December, said during an interview with Fox Business that he doesn’t believe that the increasing market for plant-based protein is a fad.

>> Read more trending news   

“Protein consumption is growing around the world, and it continues to grow. It’s not just hot in the U.S., it’s hot everywhere,” Hayes said.

“People want protein, so whether it’s animal-based protein or plant-based protein, they have an appetite for it. Plant-based protein is growing almost, at this point, a little faster than animal-based, so I think the migration may continue in that direction.”

Tyson owns a 5 percent stake in Beyond Meat, a plant-based protein startup, according to Fox Business, and it has a $150 million fund to invest in meat substitute startups.

>> Got a question about the news? See our explainers here 

“We just got to the point last year where the consumer is demanding (an end to the use of antibiotics in the food chain) and wants transparency,” Hayes said.

“They want to have trust in the brands they buy …. (so) let’s push ourselves to go all the way.” 

Tyson also announced on its website it is ending the practice of using antibiotics in its food.


Reader Comments ...


Next Up in Business

Top Local Business Stories of the Week
Top Local Business Stories of the Week

GOOGLE’S GROWTH Google gobbles up more space in Austin high-rise: Google is growing its downtown Austin footprint, even before its first employees set foot in the company’s new space in the sleek new office tower called 500 West 2nd. The new space ultimately will house more than 450 Google employees, working on products and teams across...
Up the Ladder

Home products Artisan Group has named Sunil Palakodati executive director and Jon Lancto president. Nonprofits The Texas Cultural Trust has named Heidi Marquez Smith executive director. Transportation Fasten has named Joe Deshotel regional director of business development for the Austin market.
Austin jobless rate drops, tightening labor market’s grip on job growth
Austin jobless rate drops, tightening labor market’s grip on job growth

Austin has one of the tightest labor markets in the country, and some parts of the metro area’s economy appear to be bumping up against the hiring ceiling. While regional employers continue to expand payrolls, especially in industries tied to population growth, some key sectors of the economy have started to see job-creation rates decelerate...
Dozens of Joe's Crab Shack restaurants abruptly close
Dozens of Joe's Crab Shack restaurants abruptly close

Dozens of Joe’s Crab Shack locations across the United States abruptly closed without warning amidst its parent company’s bankruptcy proceedings. Calls to a location in Duluth, Georgia, went unanswered Thursday afternoon, and restaurant review site Yelp deemed it closed based on user feedback. The Gwinnett site is also not listed on...
Chase set to close some Central Texas bank branches
Chase set to close some Central Texas bank branches

Chase is continuing to pare down the number of branches it operates in the Austin area. The banking giant confirmed Friday that it plans to close four more Central Texas branches by year’s end. It has already closed three local branches so far this year, in addition to six locations inside H-E-B stores that were shuttered in 2016. The newly announced...
More Stories