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 News

  • In September 2022, Aspire announced a multimillion-dollar contract to supply crickets to a South Korean snack maker.
  • In August 2022, Thai Sugar Terminal Pcl (TSTE) invested in food-tech start-up Thai Ento Food Co Ltd, a pioneer and top local producer of cricket protein powder under “Sixtein” brand in a joint production venture aimed at serving markets worldwide.
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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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