In recent years, particularly in North America and Europe, awareness of the different health advantages of cricket protein powders market has multiplied. The report from Persistence Market Research examines the global consumption trends for both home consumption and several end-use sectors for cricket protein powder. Along with comprehensive details on how the COVID-19 pandemic is influencing the edible insect business, the research also discusses the causes of the region’s rapid rise in Latin America and South Asia. Traditional forms of animal protein like beef, poultry, and others deplete the environment during production and demand a lot of resources.
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The cricket protein powders market grew significantly in value by about 11% between 2015 and 2019. As producers gathered money for expansion plans in response to the growing demand for alternative protein sources, sales of cricket protein powder significantly increased.
As demand for nutritious, sustainable, and health-beneficial cricket protein increased from consumers and manufacturers engaged in providing health-beneficial products, investors supported numerous start-up proposals.
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The trend of including protein in one’s diet is further expected to benefit the market for cricket protein powder, with value expected to reach US$ 109 Mn by the end of 2030. An Increase in production globally may further reduce the prices of cricket protein powder. In Latin American countries, including Brazil and Mexico, insect-based start-ups are thriving, which is a promising factor for the expansion of the cricket protein powders market size in the region.
Companies
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- Cricket Flours LLC
- Entomo Farms
- Chapul Cricket Protein
- Exo Inc.
- True Nutrition
- JR Unique Foods Ltd.
- Live Longer
- Global Bugs Asia Co., Ltd.
- Chirps Chips
- The Cricket Hop Co. Ltd
- Crik Nutrition
- Protanica Co. Ltd.
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Competition Landscape
Persistence Market Research has profiled the following prominent cricket protein powder manufacturers in its report:
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- Cricket Flours LLC
- Entomo Farms
- Chapul Cricket Protein
- Exo Inc.
- True Nutrition
- JR Unique Foods Ltd.
- Live Longer
- Global Bugs Asia Co., Ltd.
- Chirps Chips
- The Cricket Hop Co. Ltd
- Crik Nutrition
- Protanica Co. Ltd.
Key players engaged in production and supply activities in the cricket protein powder market are focusing on the adoption of different expansion strategies such as acquisitions, partnerships, joint ventures, and product launches to create more space in the evolving edible insect for human consumption market.
These key players are continuously seeking investments through raising funds for supporting expansion plans and catering to increasing demand for alternative protein solution.
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- In 2018, Entomo Farms received Series A funding from its partner Maple Leaf Foods, a leading consumer protein company. This funding was received by the company for the expansion of its cricket farm to meet the increasing demand for nutritious and sustainable alternatives to traditional meat protein
- Manufacturers operating in the cricket protein powders market are also focusing on offering products in different flavors to captivate consumers demanding nutrition with taste.
- Chirps Chips offers cricket protein powder in rich chocolate and creamy vanilla flavors in the ready-to-mix form. This cricket protein powder is used in various applications such as baking, or can also be added to oatmeal, yogurt, cookies, muffins, and others.
Key Segments of Cricket Protein Powders Market
Cricket Protein Powders Market By Nature
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- Organic
- Conventional
Cricket Protein Powders Market By Flavor
Regular
Flavored
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- Vanilla
- Chocolate
- Others
End Use
Household
Cricket Protein Powders Market By Industrial
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- Bakery & Snacks
- Soups & Sauces
- Salads & Dressings
- Desserts & Smoothies
- Dietary Supplements
- Others
Cricket Protein Powders Market By Distribution Channel
Business to Business
Business to Consumer
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- Hypermarkets/ Supermarkets
- Food & Drink Specialty Stores
- Convenience Stores
- Online Retail
- Others
Cricket Protein Powders Market By Region
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- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa (MEA)
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