Global Cricket Protein Powders Market By Application (Cosmetics, Dietary Supplements, and Food Additive), By Flavor (Sweet Vanilla Protein Powder, Chocolate Protein Powder, Vanilla Protein Powder, and Other), Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2019-2026

Market Definition

Global Cricket Protein Powders Market market is estimated to reach $37.86 Billion by 2026; growing at a CAGR of 17.2% till 2026. Cricket protein powders are also called as cricket flour, it is made from crickets by using various processes. It differs from grain flour as it contains double the protein of chicken and triple protein exists in sirloin. The process of making cricket powder is by drying or roasting crickets raised in domestic farms then milled into the powder and can be used as protein bars, smoothies, and others. Cricket flour is easy to make as the cricket farming is effortless and they are full of nutritional benefits.

Market Determinants

Spread of awareness regarding health consciousness among consumers and paradigm shift towards consumption of healthy food are key driving factors of the market. However, adverse effects on consumption might hamper the market growth. Moreover, cricket powder contain more protein than the beef or chicken, so most of the consumer prefer powder over living animals which would provide lucrative opportunities for the market in coming years. Further, cricket protein powders are calcium-rich foods that reduce blood pressure, support weight management, and prmote bone health that is also expected to gain significant impetus for the market in the forecast timeframe.

Market Segmentation

The global cricket protein powders market is mainly classified based on application and flavor. Application is further segmented into cosmetics, dietary supplements, and food additive. By flavor, the market is divided into sweet vanilla protein powder, chocolate protein powder, vanilla protein powder, and other. With relation to the segmentation chapter, dietary supplements is predicted to gain significant importance in the forecast period. Dietary supplements have gained a rapid achievement owing to its inherent capacity of sustaining high protein concentrates. On the other hand, chocolate protein powder is envisaged to record an everlasting market share in the coming years as projected by the industry experts.

Regional Analysis

Based on geography, the global cricket protein powders market is divided into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. North America is further divided in the U.S., Canada, and Mexico, whereas Europe consists of the UK, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific. The South America region includes Brazil, Argentina, and the Rest of South America, while the Middle East & Africa is categorized into GCC Countries, Egypt, South Africa, and Rest of Middle East & Africa. By geography, Asia-Pacific is expected to emerge as a leading region for the cricket protein powder market and further estimated that it will highly grab the share globally. Followed by Asia-Pacific, the African continent will highly contribute to the growth and development of the market due to the rise in demand on a daily basis for cricket protein powder inherent to its high nutritional value.

Competitive Players

Key players operating in the cricket protein powders market industry include All Things Bugs, Aspire Food Group, Chapul, Cowboycrickets, Entomo Farms, Grilo, JR Unique Foods, Proti-Farm, and Tiny Farms among others. Chapul product pipeline involve ‘CHAPUL CRICKET FLOUR PROTEIN’, ‘CHAPUL CRICKET BARS’, ‘CHOCOLATE CRICKET PROTEIN POWDER’, and others. Among the aforementioned products ‘CHAPUL CRICKET FLOUR PROTEIN’ is packed with essential and complete amino acids coupled with prebiotic fiber that are free from allergens and hormones. Moreover, on consumption, it boosts the protein content of baked food and smooths and makes delicious food by cricket bars. Furthermore, Cowboycrickets categorizes the cricket protein powders market into sustainable sourced cricket snacks. Sustainable cricket snacks are further divided into Cricket Snacks, Whole Roasted Snacks, And Cricket Powder. Moreover, the Cricket snacks product pipeline includes ‘Smokey Jumpers’, ‘Cinnamon Jumpers’, ‘Wasabi Jumpers’, and others. In addition, cricket powder products include ‘100% Cricket Powder’. On a final note, whole roasted snacks include ‘Original Jumpers’, ‘Tropical Jumpers’, and among others.

Cricket Protein Powders Market Key Segments:

By Application

• Cosmetics
• Dietary Supplements
• Food Additive

By Flavor

• Sweet Vanilla Protein Powder
• Chocolate Protein Powder
• Vanilla Protein Powder
• Other

By Geography

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • U.K
  • Germany
  • France
  • Italy
  • Rest of Europe
• Asia Pacific
  • India
  • China
  • Japan
  • South Korea
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • GCC Countries
  • Egypt
  • South Africa
  • Rest of Middle East & Africa