All Things Bugs

May 9, 2022

News provided by Share this article Share this article This report provides in-depth analysis of the crickets market in five major geographies and emphasizes on the current market trends, market sizes, market shares, recent developments, and forecasts till 2029. The Global Crickets Market is expected to reach $3.50 Billion by 2029 and grow at a CAGR of 28.6% during the forecast period of 2022 to 2029. This market is driven by factors, including the growing emission of greenhouse gases from livestock and poultry, the rising demand for cricket-based food products, and the high nutritional value of crickets. In addition, emerging economies, such as Southeast Asia, the Middle East & Africa, and Latin America offer significant growth opportunities for crickets stakeholders. Many developing nations still face significant problems with hunger and malnutrition due to the unavailability of food sources. For instance, according to the World Health Organization, in 2020, 149 million children under five were estimated to be stunted (too short for age), 45 million were estimated to be wasted (too thin for height), and 38.9 million were overweight or obese. Crickets are a rich source of protein and vitamins, and they contain a high level of calcium, iron, and zinc. Thus, crickets could be an invaluable part of diets in countries that struggle with malnutrition. The study offers a comprehensive analysis of the global crickets market based on product, species, application, end use, and geography. The global crickets market is mainly segmented by product (whole crickets, cricket powder, cricket meal, and other products), species (house cricket [acheta domesticus] and other species [gryllus & others]), application (processed whole crickets, protein supplement powder, animal feed and pet food products, cricket protein bars and protein shakes, bakery products and snacks, beverages, and other applications), end use (human consumption, animal nutrition, and other end use), and geography. The study also evaluates industry competitors and analyses the market at the country level. The key players operating in the global crickets market are KRECA (Part of Protifarm Holding NV) (Netherlands), Entomo Farms (Canada), Aspire Food Group (U.S.), All Things Bugs, LLC (U.S.), EntoCube OY (Finland), 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), and Cricket Foods (U.K.), and Entogama (Lithuania). Key Questions Answered in the Report: Which are the high-growth market segments in terms of the product, species, application, end use, and geography? What is the historical market for crickets across the globe? What are the market forecasts and estimates for the period of 2022-2029? What are the major drivers, restraints, challenges, and opportunities in the global crickets market? Who are the major players in various countries, and what market shares do they hold? How is the competitive landscape? What are the recent developments in the global crickets market? What are the different strategies adopted by the major players in the market? What are the key geographic trends, and which are the high-growth countries? Who are the local emerging players in the global crickets market, and how do they compete with the other players? Key Topics Covered: