Global Crickets Market

Crickets Market Size, Share, Growth Analysis, By Product(Whole cricket, cricket powder, cricket meal), By End user(Human consumption, animal nutrition), By Application(Processed Whole Crickets, Protein Supplement Powder, Animal Feed, Pet Food Products), By Region - Industry Forecast 2024-2031

Report ID: SQMIG30B2019 | Region: Global | Published Date: April, 2024
Pages: 157 | Tables: 95 | Figures: 67

Crickets Market Regional Insights

Asia Pacific region dominated the Global Crickets Marketing 2021. The substantial market share of this region can be attributed to the region’s long history of commercial cricket farming, particularly in Thailand, its abundance of different species of crickets and high production, its favourable perception of using crickets as food and feed, the lack of legal restrictions on this use, and the presence of significant market players.

North America is fastest growing region during the forecast period with highest CAGR. Aversion to highly processed foods, rising demand for insect-based foods, an increase in the number of companies that make food products using crickets, and growing environmental worries about meat production are the main causes of the region’s market’s explosive rise.

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Crickets Market was valued at USD 2.3 billion in 2019, and it is expected to grow from USD 2.9 billion and reach a value of USD 22.13 billion by 2031, at a CAGR of 28.6% over the forecast period (2024-2031).

Global Crickets Market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. 'KRECA (Part of Protifarm Holding NV) (Netherlands)', 'Entomo Farms (Canada)', 'Aspire Food Group (U.S.)', 'All Things Bugs, LLC (U.S.)', 'Armstrong Cricket Farm Georgia (U.S.)', 'Cricket Lab Limited (U.K.)', 'Global Bugs Asia Co. Ltd. (Thailand)', 'JR Unique Foods Ltd. (Thailand)', 'Protix B.V. (Netherlands)', 'Cricket Foods (U.K.)', 'Entogama (Lithuania).'

Crickets are High Source of Protein

Growing Health Awareness to Surge Market Growth

Asia Pacific region dominated the Global Crickets Marketing 2021. The substantial market share of this region can be attributed to the region’s long history of commercial cricket farming, particularly in Thailand, its abundance of different species of crickets and high production, its favourable perception of using crickets as food and feed, the lack of legal restrictions on this use, and the presence of significant market players.

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Global Crickets Market

Report ID: SQMIG30B2019

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