Cricket Protein Powder Market

Cricket Protein Powder Market By Nature (Organic and Conventional), By Distribution Channel (B2B and B2C), and By Region - Global Market Report (2024 to 2034)

Analysis of Cricket Protein Powder Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Cricket Protein Powder Market Outlook (2024 to 2034)

The global cricket protein powder market size is valued at US$ 57.2 million in 2024. The global demand for cricket protein powders is projected to surge at an 11.2% CAGR, reaching a market valuation of US$ 165.2 million by 2034.

Vitamins, minerals, and necessary amino acids are abundant in cricket protein. Since it includes every essential amino acid the human body needs, it is regarded as a complete protein supply. Cricket protein powder is a wholesome and sustainable choice as more people seek alternative protein sources. Cricket farming is frequently promoted as more ecologically friendly and sustainable than conventional animal farming. As they require less space, water, and feed than more conventional animals like cattle, cricket protein powder is a more sustainable source of protein. Choosing this protein can help people lessen their ecological footprint as they grow more ecologically conscious.

Key Market Growth Drivers

  • Businesses in the cricket protein industry are proactively using the natural adaptability of this to lead the way in novel formulations. Companies are taking advantage of customer demand for quick, varied, and sustainable protein sources by incorporating cricket protein into various consumer items, including protein bars, snacks, and baked goods.
  • With the help of well-placed distribution channels and an increased retail presence, the cricket protein powder market is expanding. Products are becoming increasingly accessible through e-commerce sites and traditional channels like health food and grocery stores.
  • One trend worth mentioning is the promotion of cricket protein powders as more than simply a source of protein; it's a useful component with particular health advantages. Businesses are investigating and promoting cricket protein's possible health benefits, including immune system support, anti-inflammatory effects, and digestive wellness.
  • Companies are leveraging the need for customized diets by providing customizable protein products made from crickets. This entails creating protein powders with keto-friendly, paleo-friendly, or gluten-free formulas to satisfy specific dietary requirements.
  • There is a discernible trend in the growth of e-commerce channels for cricket protein products and an increasing inclination toward online shopping. To increase their market share and appeal to a worldwide customer base, businesses are streamlining their online platforms, using focused digital marketing tactics, and improving the entire e-commerce experience.
Report Attributes Details
Estimated Market Value (2024E) US$ 57.2 million
Forecasted Market Value (2034F) US$ 165.2 million
Global Market Growth Rate (2024 to 2034) 11.2% CAGR
Conventional Nature Segment Growth Rate (2024 to 2034) 10.7%
B2C Distribution Channel Segment Growth Rate (2024 to 2034) 10.7%
North America Market Share (2024) 22.2%
East Asia Market Share (2024) 27.5%
Key Companies Profiled
  • Exo Protein
  • Chapul
  • Entomo Farms
  • Bitty Foods
  • Crowbar Protein
  • Hopper Foods
  • Next Millennium Farms
  • Protifarm
  • Tiny Farms
  • Aspire Food Group

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Which Factors are Boosting the Global Demand for Cricket Protein Powder?

“Increasing Demand in the Sports Nutrition Industry”

An exciting development in the cricket protein powder market is the conscious incorporation of this protein into products intended for sports nutrition. This protein is an attractive alternative for athletes and fitness enthusiasts looking for top-notch protein supplements for muscle repair and performance development. This is due to its nutritional properties. Businesses are leveraging the increasing demand for sustainable and nutrient-dense protein sources among fitness-conscious consumers by proactively promoting cricket protein powder as a functional component in the sports nutrition market.

“Growing Demand for Insect-based Nutrition Products”

The development of insect-based snacking culture is a notable trend in the cricket protein industry. To satisfy customers looking for unique and daring snack alternatives, companies are developing cricket-based treats in a variety of flavors and shapes. This movement presents cricket protein as a flexible component that crosses conventional dietary limitations, capitalizing on the larger consumer shift toward sustainable and innovative food options.

“Rising Integration in the Health and Wellness Sector”

Cricket protein powder is being carefully positioned as a significant participant in the larger health and wellness industry. Companies are using cricket-based protein powder's nutritional profile to fulfill protein demands and profit from its supposed functional advantages. This concept involves coordinating marketing methods with scientific research to highlight particular health benefits, such as immune system support and anti-inflammatory qualities. Businesses are developing a distinct value offer by including cricket protein in the health and wellness narrative, which resonates with customers increasingly valuing holistic well-being in their dietary choices.

Which Factors Pose Challenges to the Cricket Protein Powder Market?

“Overcoming Consumer Hesitancy and Acceptance”

Addressing customer skepticism and influencing attitudes about insect-based protein products, particularly cricket protein powder, is daunting. Strategic marketing campaigns and educational programs are required to reframe consumer attitudes, overcome cultural prejudices, and promote cricket protein as a legitimate and recognized option within the more significant protein supplement industry.

“Managing the High Costs of Production”

The comparatively high manufacturing costs of cricket protein powder provide a financial challenge. Strategic imperatives include achieving economies of scale, improving farming techniques, and simplifying production processes. Cost-cutting initiatives are critical for ensuring market-competitive pricing and limiting the impact of production-related problems on overall profitability.

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Country-wise Insights

The North American cricket protein powder market is projected to significantly expand, with the United States leading at a 10.7% CAGR through 2034. In East Asia, China is anticipated to be at the forefront with a 10.3% CAGR through 2034.

Why is the Product Demand Surging in the United States?

“Surge in Venture Capital and Investment Inflow Supports Market Development”

Country Value CAGR (2024 to 2034)
United States 10.7%

The demand for cricket protein powder market in the United States is anticipated to surge at a 10.7% CAGR through 2034. The cricket protein market in the United States is experiencing an increase in venture capital and investment inflows. This financial support is critical for supporting R&D, growing manufacturing capacity, and encouraging market penetration. The infusion of funds strengthens cricket protein companies' overall resilience, enabling them to carefully position themselves in a competitive market and generate sustained growth.

Growing environmental awareness in the United States has positioned cricket protein as a sustainable and environmentally friendly protein source. Consumers are increasingly looking for items that correspond with their environmental ideals. Cricket protein powder has a reduced ecological footprint than typical cattle, which matches sustainability trends and makes it an appealing alternative for customers who value health and environmental effects.

Why is China a Prospective Market for Cricket Protein Powder?

“Focus on Food Security and Alternative Protein Solutions Supports Market Growth”

Country Value CAGR (2024 to 2034)
China 10.3%

The cricket protein powder market share in China are predicted to rise at a 10.3% CAGR through 2034. The increasing emphasis on food security in China and the discovery of alternative protein sources in the face of worries about traditional animal production contribute to the growth of the cricket protein industry. The push for protein diversity corresponds with the national objective, and the resource value of cricket protein makes it an appealing alternative for addressing these problems.

Insect ingestion has historical origins in certain Chinese locations, facilitating the adoption of cricket protein. Because of the cultural background of insect intake, firms can present cricket protein as a modern and sustainable version of old dietary patterns, increasing market resonance.

Category-wise Insights

Why is the Demand for Conventional Cricket Protein Powder High?

“Versatility in Culinary Applications Boost Demand for Conventional Powder”

Segment Value Share (2024)
Conventional (Nature) 66.50%

Based on nature, the conventional segment holds 66.50% of market shares in 2024 and is projected to thrive at a 10.7% CAGR through 2034. Cricket protein powder is a flexible ingredient that can be readily integrated into a variety of culinary applications. Its subtle taste and soft texture make it excellent for blending into smoothies, baking, or adding to savory recipes, giving customers various ways to incorporate it into their diets. Cricket protein powder is usually hypoallergenic and free of common allergies like dairy and soy. This makes traditional nature cricket protein powder appropriate for those who have allergies or dietary restrictions, extending its appeal to a broader customer base.

Conventional nature cricket protein powder manufacturers frequently emphasize its natural and clean label features. Products with minimum processing and uncomplicated formulas are becoming more popular as customers grow more sensitive about ingredient transparency and clear labeling.

Why are B2C Sales Increasing in this Market?

“E-commerce Proliferation Bolsters B2C Distribution Channel Dominance”

Segment Value Share (2024)
B2C (Distribution Channel) 63.80%

Based on the distribution channel, the B2C segment captured 63.80% of market shares in 2024 and is anticipated to thrive at a 10.7% CAGR through 2034. The adoption of e-commerce platforms has tremendously influenced the distribution environment. B2C channels, aided by e-commerce, provide consumers with a smooth and simple way to obtain cricket-based protein alternatives directly from producers or approved merchants. The convenience of online transactions and the opportunity to explore, compare, and purchase items from the comfort of one's own home contribute to B2C distribution's expanding dominance.

Subscription models and loyalty programs can be implemented with the help of the B2C model. In order to promote convenience and provide a steady income stream, brands could establish subscription services that enable customers to receive regular delivery of cricket protein powder. Discounts and special offers are just a couple of the ways loyalty programs encourage recurring business and improve client retention.

Know thy Competitors

Competitive landscape highlights only certain players
Complete list available upon request

Competitive Landscape

Established firms, up-and-coming entrepreneurs, and a steady stream of new competitors coexist in a dynamic competitive landscape in the cricket protein powder market. Growing consumer knowledge of nutritious alternatives and sustainable protein sources has increased industry competitiveness, which is driven by supply chain efficiency, innovation, and branding tactics. Prominent industry participants, frequently possessing extensive research and development capacities, concentrate on creating distinctive recipes, taste profiles, and promotional tactics to set themselves apart from competitors. As a result, many different product variations are available to meet different customers' dietary requirements and tastes.

Recent Developments

  • In September 2023, a Vietnamese startup for edible insects, Cricket One, concluded a series A round for an undisclosed "seven-figure" sum and launched what the company claims to be Asia's largest cricket processing center. The new plant, located north of Saigon in Binh Phuoc, will first process 1,000 metric tons annually, rising to 10,000 tons over the next five years.
  • In January 2023, Golden Cricket, a new startup, entered the cricket protein powder market. Based in Austin, Texas, Golden Cricket is a cutting-edge startup that uses sustainable sources of protein available.

Cricket Protein Powder Market Segmentation

  • By Nature:

    • Organic
    • Conventional
  • By Distribution Channel:

    • B2B
    • B2C
  • By Region:

    • North America
    • Europe
    • Latin America
    • East Asia
    • South Asia & Oceania
    • The Middle East & Africa

- FAQs -

How Big is the Cricket Protein Powder Market?

The cricket protein powder market is estimated to be valued at US$ 57.2 million in 2024.

What is the Projected CAGR of the Cricket Protein Powder Market?

The cricket protein powder market size is likely to rise at an 11.2% CAGR through 2034.

How Big Will the Cricket Protein Powder Market Be by 2034?

The cricket protein powder market is expected to be worth US$ 165.2 million by 2034.

Which is the Leading Nature in the Cricket Protein Powder Market?

Conventional nature cricket protein powder witnesses high demand in the industry.

Which Country is Rising at a Higher CAGR in the Cricket Protein Powder Market?

The cricket protein powder market in South Korea is likely to rise at a 12.0% CAGR through 2034.

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