The Crickets' Market is projected to experience significant growth, expanding at a compound annual growth rate (CAGR) of 28.6% from 2022 to 2029, reaching an estimated $3.5 billion by the end of 2029. This growth is largely attributed to increased greenhouse gas emissions from traditional livestock, a rising appetite for cricket-based food items, and the high nutritional benefits that crickets offer. Emerging markets in Southeast Asia, the Middle East & Africa, and Latin America present promising opportunities for market players. However, the market's expansion may face challenges due to non-standardized regulations and psychological and ethical hurdles regarding insect consumption.
Here are the top 10 companies operating in the Crickets Market
Kreca (Part of Protifarm Holding NV) (Netherlands)
Kreca specializes in the production and processing of insects for both animal feed and human consumption. Since 1981, Kreca has supplied crickets through Kreca Ento-Feed BV for animal feed and since 2007 through Kreca Ento-Food BV for human consumption. The company's offerings include whole insects, freeze-dried insects, deep-frozen insects, and insect powder. Kreca Ento-Food BV operates under the Dutch Food Safety Authorization (NVWA), ensuring the safety and quality of its edible insects. Kreca maintains a global presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Entomo Farms (Canada)
Entomo Farms is a key player in producing cricket flour, cricket powder, and insect proteins. The company's diverse product range includes powder, whole roasted crickets, seasoned snacks, pet food, swag, and frass. Entomo Farms caters to both human and pet consumption markets and operates across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Aspire Food Group (U.S.)
Aspire Food Group engages in large-scale farming and processing of food-grade crickets and other insects for both food and feed. The company operates in the U.S. and Ghana, where it raises crickets and palm weevil larvae, respectively. The acquisition of Exo in 2018 enabled Aspire Food Group to produce cricket bars, high-protein powders, and whole roasted crickets. The company is present across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
All Things Bugs, LLC (U.S.)
All Things Bugs, LLC focuses on manufacturing and selling finely milled whole cricket powder under the brand 'Griopro.' The company processes insects into a fine, neutral-flavored powder with a particle size of less than 100 microns. Its products are available in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Armstrong Cricket Farm (U.S.)
Armstrong Cricket Farm is one of the pioneering cricket growers in the U.S., having started commercial operations in 1947. The company provides edible insects for animal feed and offers various other insects like mealworms and waxworms for bait stores and pet shops. Armstrong also supplies equipment for insect farming and is primarily active within the U.S.
Meticulous Research predicts a robust growth rate of 28.6% for the Crickets Market during the forecast period from 2022 to 2029.
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Cricket Lab Limited (U.K.)
Cricket Lab Limited is a major player in the cricket flour industry, utilizing advanced automation and technology in its processing facilities. As one of the largest cricket processing operations globally, the company serves markets in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Global Bugs Asia Co. Ltd. (Thailand)
Global Bugs Asia is involved in the complete production chain of edible insects, including crickets, cricket powder, snacks, and protein bars. The company manages organic cricket farming and processing, and operates an online platform for distributor and private label products. It has a market presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
JR Unique Foods (Thailand)
JR Unique Foods specializes in producing insect powder and whole roasted insects, certified with Grade A BRC food safety standards. Their products include GMO-free vegetarian-fed crickets, insect candy, and other insect-based foods, marketed through Thailand Unique. The company operates across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Protix B.V. (Netherlands)
Protix B.V. provides insect-based ingredients for both animal feed and human consumption, transforming organic waste into protein meals and fats using various insect species. Following its acquisition of Fair Insects in 2017, Protix now includes mealworms, crickets, and grasshoppers in its product lineup. The company operates extensively in Europe, North America, and Asia-Pacific.
Cricket Foods (U.K.)
Cricket Foods produces high-quality cricket-based ingredients, including whole dried crickets and cricket flour. Its products are designed for human consumption and are distributed across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
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