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

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).

Most nations, including Thailand, Mexico, China, and the Netherlands, now view insects as essential dietary components and functional food ingredients. Compared to many other foods, these nutrients from insects provide a more eco-friendly source of protein. One of the most popular edible insects consumed is the cricket. Protein, vitamins, amino acids, iron, and zinc are all abundant in them. Because of their high nutritional value, crickets are excellent for human food.

The need for meat has indirectly increased due to the growing population, yet hazardous gases produced during animal production have a significant negative influence on the environment, leading some individuals to switch to plant-based meat or meat with less of an ecological impact. Thus, crickets are viewed as a possible meat substitute and alternate source of protein. A rise in the usage of crickets as a protein source has prompted the incorporation of cricket protein into a variety of food items, including whole dried crickets as toppings as well as cricket pasta, burgers, chocolates, lollipops, and beverages.

US Crickets Market is poised to grow at a sustainable CAGR for the next forecast year.