The segment will be sold to IMG Enterprises, allowing Benson Hill to focus on its Ingredients business.

The supplier has received A scores by CDP for its efforts in protecting forests and water.

The supplier has appointed Vera Karmebäck to global sustainability lead.

In its 2023 Year Ahead report, CoBank detailed that inflation will continue to plague the industry, as well as those that rely on it, like pet food.

Modest worldwide growth is expected as the industry continues to reduce its environmental impact and mitigate disease impacts.

The insect-based protein producer will construct its second facility in the United States and its first in Mexico.

Under the partnership, the company will work with Fullpet Co. to promote the development of functional, healthy pet foods.

Flylab produces insect-based ingredients for use in aquaculture, animal feed and pet foods.

The company currently produces complementary nutrition products and hopes to enter the complete-and-balanced market in 2023.

Supplement shoppers present an attractive opportunity for pet food brands seeking functional formulations.