USD 2.96 billion
Report ID:
SQMIG30B2019 |
Region:
Global |
Published Date: January, 2025
Pages:
157
|Tables:
95
|Figures:
67
Global Crickets Market size was valued at USD 2.96 billion in 2023 and is poised to grow from USD 3.81 billion in 2024 to USD 28.47 billion by 2032, growing at a CAGR of 28.6% during the forecast period (2025-2032).
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.
Market snapshot - 2025-2032
Global Market Size
USD 2.96 billion
Largest Segment
Human consumption
Fastest Growth
Human consumption
Growth Rate
28.6% CAGR
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Global Crickets Market is segmented by Product, Application, End User and region. Based on Product, the market is segmented into Whole Cricket, Cricket Powder and Cricket Meal. Based on Application, the market is segmented into Processed Whole Crickets, Protein Supplement Powder, Animal Feed and Pet Food Products. Based on End User, the market is segmented into Human Consumption and Animal Nutrition. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Whole crickets segment dominated the Global Crickets Market and it will hold the majority of the market share in 2022. The significant market share of this sector is attributed to the widespread availability of whole crickets, their lower price compared to processed forms, and the higher demand for whole insects from producers of protein ingredients and foods for subsequent processing and use in various applications. Consuming crickets uncooked is the simplest way to prepare them for consumption. The other typical method consists of steaming, simmering in hot water or broth, roasting on skewers, or frying in heated oil. They are frequently prepared with spices and veggies. You can eat whole crickets as a supper or a side dish.
Cricket powder segment is fastest growing segment during the forecast period. The simplicity of handling during incorporation into various food items and the wide variety of uses in various culinary and animal food products are primarily responsible for the high growth rate.
The human consumption segment dominated the global market in 2021. The high nutritional value of crickets, the rising demand for eco-friendly alternative sources of protein, the growing demand for innovative & sustainable food products to meet the exponentially growing global population, and the growing awareness about the advantages & need for high protein foods are all factors contributing to the segment growth. Additionally, the production and processing of crickets and foods made from them involves only minimum initial processing, drying, freezing, or grinding into flours, followed by a subsequent procedure and formulation of more elaborate goods that cater to consumer preference. To affect the final product's quality, crickets are employed as raw materials.
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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 are High Source of Protein
Lack of Standardized Regulatory Framework
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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.
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global Crickets Market analysis, Asia Pacific region is expected to capture higher market share, the growth of the region is attributed to the region's long history of commercial cricket farming. Thailand has emerged as a significant contributor to market growth in Asia Pacific. In terms of end users, the human consumption segment dominates the marine hybrid propulsion market. This segment's leading position can be attributed to, it is eco-friendly alternative sources of protein. In terms of product, the whole cricket led the market and is predicted to grow at the fastest rate.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 2.96 billion |
Market size value in 2032 | USD 28.47 billion |
Growth Rate | 28.6% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Crickets Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Crickets Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Crickets Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Crickets Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG30B2019
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