Top 10 Companies Revolutionizing Cricket-Based Products


Posted August 22, 2024 by Deeya5220

According to this latest publication from Meticulous Research®, the crickets market is expected to grow at a CAGR of 28.6% from 2022–2029 to reach $3.50 billion by 2029.
 
The Crickets’ Market is set to expand rapidly, with projections indicating a surge to $3.5 billion by 2029, driven by a remarkable CAGR of 28.6% from 2022 to 2029. The primary factors driving this growth include the increasing focus on reducing greenhouse gas emissions, particularly those from livestock and poultry farming. As sustainability becomes a priority for consumers and businesses alike, crickets have emerged as an attractive alternative due to their low environmental impact and high nutritional value. This has led to a surge in demand for cricket-based food products. Emerging markets in Southeast Asia, the Middle East & Africa, and Latin America are expected to provide substantial opportunities for companies operating in this sector. However, the market’s growth may face obstacles such as inconsistent regulatory standards and cultural resistance to insect consumption.

Here are the top 10 companies operating in the Crickets Market

Kreca (Part of Protifarm Holding NV) (Netherlands) has been a pioneer in the insect industry, with a history dating back to 1981 when it started producing crickets for animal feed. By 2007, Kreca had expanded into the human food market, offering a range of products such as whole insects, freeze-dried insects, deep-frozen insects, and insect powder through its Kreca Ento-Food BV division. The company’s operations are governed by the Dutch Food Safety Authorization (NVWA), ensuring that its products meet the highest standards of quality and safety. Kreca’s presence spans North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, making it a key player in the global crickets’ market.

Entomo Farms (Canada) is a leading producer of cricket-based products, specializing in cricket flour, powder, and insect proteins. The company’s product range includes powder, whole roasted crickets, seasoned snacks, pet food, and even frass. Entomo Farms has positioned itself as a major player in both the human and pet food markets, reflecting the growing acceptance of cricket-based products as a sustainable and nutritious alternative to traditional protein sources. The company has a strong market presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, making it well-equipped to meet the increasing global demand for eco-friendly food products.

Aspire Food Group (U.S.) has made significant contributions to the crickets’ market through its large-scale farming and processing operations. The company raises food-grade crickets on a commercial scale in the U.S., focusing on producing ingredients for both food and feed applications. Aspire Food Group also operates in Ghana, where it farms palm weevil larvae and supports local farmers through sustainable farming initiatives. The acquisition of Exo in 2018 enabled Aspire Food Group to expand its product line to include cricket bars, high-protein powder, and whole roasted crickets. With a global footprint spanning North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, Aspire Food Group is well-positioned to capitalize on the growing demand for sustainable and nutritious food products.

All Things Bugs, LLC (U.S.) is a prominent player in the crickets’ market, known for its production of finely milled whole cricket powder. The company’s flagship product, ‘Griopro,’ is produced using a specialized process that involves grinding crickets before spray drying them, resulting in a fine, neutral-flavored powder. This product has found applications across a wide range of industries, contributing to the growing demand for high-quality cricket-based products. All Things Bugs has established a strong presence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, making it a key player in the global crickets’ market.

Armstrong Cricket Farm Georgia (U.S.) is one of the oldest and most established cricket growers in the United States, having started commercial cricket farming in 1947. Over the years, the company has expanded its product offerings to include a variety of insects, such as mealworms, waxworms, super worms, big reds, and nightcrawlers. These products are supplied to bait stores, zoos, pet shops, and individual consumers, making Armstrong Cricket Farm a trusted name in the industry. The company also provides a range of accessories and equipment essential for edible insect farming, further cementing its position as a leader in the crickets’ market

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Cricket Lab Limited (U.K.) is at the forefront of cricket processing, utilizing modern technology and automation to produce high-quality insect flour. As one of the largest cricket processing facilities globally, Cricket Lab Limited has established itself as a leader in the industry. The company’s products are distributed across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, contributing to the growing demand for sustainable protein sources. Cricket Lab’s focus on innovation and efficiency has allowed it to maintain a competitive edge in the rapidly expanding crickets’ market.

Global Bugs Asia Co. Ltd. (Thailand) has taken a comprehensive approach to the crickets’ market, overseeing every stage of production from the organic farming of cricket feed to processing and distribution. The company’s product range includes crickets, cricket powder, snacks, and protein bars, catering to a wide range of consumer needs. Global Bugs Asia also operates an online trading platform for distributors and private label products, further extending its market reach. With a presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, Global Bugs Asia is well-positioned to capitalize on the growing global demand for insect-based food products.

JR Unique Foods (Thailand) has established itself as a producer of high-quality insect powder and whole roasted insects for human consumption. The company’s operations are characterized by a commitment to quality, with crickets raised on a vegetarian, GMO-free feed formula. JR Unique Foods also markets cricket-based products through its trading arm, Thailand Unique, offering a diverse range of products, including edible insects, insect candy, insect powder, and other insect-based foods. With a strong presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, JR Unique Foods is well-equipped to serve the growing market for sustainable and nutritious food products.

Protix B.V. (Netherlands) is a leader in the insect industry, focusing on the production of insect-based ingredients for both animal feed and human consumption. The company has developed innovative processes to convert organic residual streams into protein meals, insect fats, and other nutritious food products using various insect species, including crickets. Protix’s acquisition of Fair Insects in 2017 further expanded its product offerings, allowing the company to include mealworms, crickets, and grasshoppers in its portfolio. With a strong network of over 15 partners and a presence across Europe, North America, and Asia-Pacific, Protix continues to lead the industry with its innovative and sustainable solutions.

Cricket Foods (U.K.) is dedicated to producing high-quality cricket-based ingredients, such as whole dried crickets and cricket flour, designed for human consumption. The company’s commitment to sustainability and quality has earned it a strong reputation in the industry. With a market presence spanning North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, Cricket Foods is well-positioned to capitalize on the growing global demand for eco-friendly and nutritious protein alternatives.

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Issued By Meticulous research
Country United States
Categories Food
Tags crickets market crickets edible crickets edible insects sustainable protein ingredients health ingredients alternative protein ingredients flavoured c
Last Updated August 22, 2024