Meticulous Blog
The crickets’ market is expected to grow at a CAGR of 28.6% from 2022 to 2029 to reach $3.50 billion by 2029. This market is mainly driven by the growing emission of greenhouse gases from livestock and poultry, the rising demand for cricket-based food products, and the high nutritional value of crickets. Moreover, emerging economies, such as Southeast Asia, the Middle East & Africa, and Latin America is expected to create lucrative opportunities for players operating in this market. However, the non-standardized regulatory framework, and psychological and ethical barriers to insects as food, are expected to hinder the growth of this market to some extent.
Here are the top 10 Crickets Market companies–
Kreca (Part of Protifarm Holding NV) (Netherlands)
Kreca builds and operates insect production and processing facilities to produce feed and food products. The company has delivered crickets for animal feed through Kreca Ento-Feed BV since 1981 and for human consumption through Kreca Ento-Food BV since 2007. Its product portfolio includes whole insects, freeze-dried insects, deep-frozen insects, and insect powder. Kreca Ento-Food BV is supervised and authorized by the Dutch Food Safety Authorization (NVWA) to produce and sell edible insects. The company has its geographic presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Entomo Farms (Canada)
Entomo Farms manufactures crickets flour, crickets’ powder, and insect proteins. The company offers its products through various segments, namely powder, whole roasted, seasoned snacks, pet food, swag, and frass. Entomo Farms offers its products for both human and pet consumption. The company has its geographic presence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
