Meticulous Research®, a leading firm in market analysis, has published its latest report titled, “ Crickets Market by Product (Whole Crickets, Cricket Powder), Species (House Cricket), Application (Processed Whole Crickets, Protein Supplement Powder, Cricket Protein Bars, Beverages), End Use (Human Nutrition, Animal Nutrition) — Global Forecasts to 2029.”

High Growth Predicted for Crickets Market

The global crickets market is expected to grow at a compound annual growth rate (CAGR) of 28.6% from 2022 to 2029, reaching a value of $3.50 billion by the end of the forecast period. This increase in market value is primarily driven by rising awareness about greenhouse gas emissions from traditional livestock farming and a growing demand for alternative protein sources, such as crickets, which offer high nutritional benefits.

Download Free Sample Report Here :  https://www.meticulousresearch.com/download-sample-report/cp_id=5247

Emerging Economies as Key Drivers

Countries across Southeast Asia, the Middle East, Africa, and Latin America are expected to provide substantial opportunities for cricket-based food products due to favorable environmental conditions for cricket farming. However, challenges such as regulatory ambiguities and the cultural resistance to eating insects may impede market growth.

Product-Based Market Segmentation

The crickets market is segmented by product into whole crickets, cricket powder, cricket meal, and other products. The whole crickets segment is anticipated to account for the largest share of the market in 2022, driven by the low cost of whole crickets, their availability, and the demand from food manufacturers.

Cricket Powder to Experience the Highest Growth

Cricket powder is projected to be the fastest-growing segment, largely due to its adaptability for use in a wide range of products for both human and animal consumption. The ease of using cricket powder in food applications contributes to its increasing popularity.

Species-Based Segmentation of the Crickets Market

The species segment includes house crickets (Acheta domesticus) and other species, such as Gryllus. House crickets are expected to dominate the market due to their superior nutritional profile, affordability, and growing acceptance as a food source.

Applications of Crickets Across Industries

Crickets are utilized in a variety of applications, including processed whole crickets, animal feed, protein supplements, protein bars, bakery products, snacks, and beverages. Processed whole crickets currently command the largest share of the market due to their high nutritional value and growing consumer interest in cricket-based foods.

Cricket Protein Bars and Protein Shakes in High Demand

Among the application segments, cricket protein bars and shakes are forecast to grow the fastest. This growth is attributed to rising awareness of the benefits of high-protein diets, especially in fitness-focused consumers, and an increasing preference for ready-to-eat foods made from sustainable ingredients like crickets.

End-Use Segment Analysis

The crickets market is divided into human consumption, animal nutrition, and other end-use categories. The human consumption segment leads the market, driven by rising demand for sustainable, high-protein foods that can help meet the global population's dietary needs.

Geographical Breakdown of Crickets Market

The crickets market is regionally segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is expected to capture the largest market share due to its well-established cricket farming industry and growing cultural acceptance of crickets as food. However, North America is projected to grow at the highest rate, driven by rising demand for environmentally friendly protein alternatives and increasing concerns over the environmental impact of conventional meat production.

Browse in Depth : https://www.meticulousresearch.com/product/crickets-market-5247

Key Players :

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.), 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 countries?
• What is the historical market for crickets across the globe?
• What are the market forecasts and estimates for 2022–2029?
• What are the major drivers, restraints, challenges, and opportunities in the global crickets market?
• Who are the major players in the global crickets market?
• Who are the major players in various countries?
• 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?

Buy Now : https://www.meticulousresearch.com/Checkout/89740984

Contact us :

Meticulous Research®
Email-  sales@meticulousresearch.com
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn-  https://www.linkedin.com/company/meticulous-research