Global Cricket Protein Powder Market – Industry Trends and Forecast to 2031

Global Cricket Protein Powder Market, By Type (Food Grade, Feed Grade, Others), Application (Dietary Supplement, Food Additive, Pet Food, Others) – Industry Trends and Forecast to 2031.

Cricket Protein Powder Market Analysis and Size

The cricket protein powder market has been expanding rapidly. This growth is attributed to factors because cricket protein powder is rich in essential nutrients such as protein, vitamins, minerals, and amino acids. It is often promoted as a complete protein source, meaning it contains all nine essential amino acids required by the human body. Additionally, cricket protein powder is naturally gluten-free and hypoallergenic, making it suitable for a wide range of dietary preferences and restrictions.

Data Bridge Market Research analyses that the global cricket protein powder market, which was USD 48.90 million in 2023, is expected to reach USD 705.33 million by 2031, growing at a CAGR of 39.6% during the forecast period of 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Report Scope and Market Segmentation

Market Definition

Cricket protein powder is a type of protein supplement derived from crickets, specifically the Acheta domesticus species. It is made by drying and milling whole crickets into a fine powder, which retains the nutritional benefits of the insects in a concentrated form. Crickets are raised specifically for human consumption in controlled environments. These crickets are fed a diet that ensures they are healthy and free from contaminants, and they are harvested at a specific stage of their lifecycle when they are rich in protein

Global Cricket Protein Powder Market Dynamics

Drivers

• Increasing Acceptance of Insect-Based Foods

The shift in consumer attitudes towards insect-based foods represents a significant evolution in dietary habits and cultural norms. The primary drivers of the increased acceptance of insect-based foods is the growing awareness of the environmental benefits of insect farming. Compared to traditional livestock farming, insect farming requires significantly fewer resources such as water, land, and feed, and produces fewer greenhouse gas emissions and waste. As concerns about sustainability and environmental conservation have become more pronounced, consumers are recognizing the potential of insects as a more eco-friendly protein source. Media coverage, educational initiatives, and marketing campaigns have played a crucial role in exposing consumers to the concept of insect-based foods and dispelling myths and misconceptions surrounding them. Documentaries, news articles, and social media platforms have provided platforms for discussions about the nutritional value, sustainability, and cultural significance of consuming insects. This increased exposure has helped normalize the idea of incorporating insects into diets and fostered a more open-minded attitude towards insect-based foods.

• Expanding Health and Wellness Trends

Cricket protein powder is a highly nutritious protein source, rich in essential nutrients such as protein, vitamins, minerals, and amino acids. It is considered a complete protein, containing all nine essential amino acids required by the human body. Cricket protein powder is also naturally gluten-free and hypoallergenic, making it suitable for individuals with dietary restrictions or sensitivities. Unlike some conventional livestock products, cricket protein powder is less likely to contain environmental contaminants such as antibiotics, hormones, or heavy metals. Crickets can be raised in controlled environments, reducing the risk of contamination from pesticides or pollutants. Many cricket farms prioritize sustainable and ethical farming practices, such as organic feed, humane treatment of insects, and minimal use of pesticides or chemicals. Consumers are increasingly seeking products that align with their values and support sustainable production practices.

Opportunity

• Increasing Demand for Sustainable Protein Sources

Traditional livestock farming, particularly beef and pork production, is associated with significant environmental impacts, including deforestation, greenhouse gas emissions, and water pollution. In contrast, insect farming, such as cricket farming, is much more sustainable. Crickets require significantly less land, water, and feed compared to conventional livestock. Crickets are highly efficient at converting feed into protein. They require much less feed compared to traditional livestock, such as cattle or pigs, to produce the same amount of protein. Crickets also have a high feed conversion efficiency, meaning they can convert feed into protein more efficiently than other animals.

Restraints

• Regulatory Challenges

Regulatory challenges in the cricket protein powder market stem from the fact that the legal framework surrounding insect-based foods is still evolving and varies significantly from one jurisdiction to another. In many countries, there are no specific regulations addressing insect-based foods, including cricket protein powder. This regulatory gap poses challenges for manufacturers as they navigate uncertain legal requirements and compliance standards. Without clear guidelines, companies may face difficulties in ensuring product safety, quality, and labeling accuracy, which are essential for consumer trust and regulatory compliance.

This global cricket protein powder market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global cricket protein powder market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Developments

• In October 2023, Tyson Foods stated that it had invested strategically in insect protein startup Protix to increase the presence of insect ingredients in the food system. Tyson announced plans to buy a minority share in the firm, but no financial details were provided
• In September 2023, Cricket One, a Vietnamese startup for edible insects, raised a series A investment for an undisclosed ‘seven-figure’ sum and opened Asia’s leading cricket processing plant. The new factory in Binh Phuoc, north of Saigon, would initially process 1,000 metric tons per year, increasing to 10,000 tons over the next five years

Global Cricket Protein Powder Market Scope

Global cricket protein powder market is segmented into two notable segments which is source and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

Type

• Food Grade
• Feed Grade
• Others

Application

• Dietary Supplement
• Food Additive
• Pet Food
• Others

Global Cricket Protein Powder Market Regional Analysis/Insights

Global cricket protein powder market is analysed and market size information is provided by type, and application as referenced above.

The countries covered in global cricket protein powder market report are U.S., Canada, Mexico, Germany, France, Spain, Turkey, U.K., Netherlands, Russia, Switzerland, Belgium, Hungary, Italy, rest of Europe, China, India, Japan, Australia, South Korea, Malaysia, Singapore, Thailand, Indonesia, Philippines, rest of Asia-Pacific, Brazil, Argentina, rest of South America, South Africa, Egypt, Saudi Arabia, U.A.E., Israel and rest of Middle East and Africa.

North America dominate the global cricket protein powder market. This is attributed due to increasing awareness of sustainable food sources, interest in alternative protein options, and a growing demand for health and fitness products in the region.

Europe is the fastest growing region because of emergence of cricket protein products in mainstream markets in the region, with many companies actively cricket protein powder as a sustainable and nutritious alternative to traditional protein sources.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.

Competitive Landscape and Global Cricket Protein Powder Market Share Analysis

The global cricket protein powder market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global cricket protein powder market.

Some of the major players operating in the global cricket protein powder market are:

• Proti-Farm (Netherlands)
• Grilo (Brazil)
• Cowboycrickets (U.S.)
• JR Unique Foods (U.S.)
• Chapul (U.S.)
• Aspire Food Group (U.S.)
• Entomo Farms (Canada)
• Tiny Farms (U.S.)
• Tyson Foods (U.S.)
• Cricket One's (Vietnam)
• All Things Bugs (U.S.)