"Global Cricket Protein Powder Market - Size, Share, Demand, Industry Trends and Opportunities
Global Cricket Protein Powder Market, By Type (Food Grade, Feed Grade, Others), Application (Dietary Supplement, Food Additive, Pet Food, Others) – Industry Trends.
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The global cricket protein powder market is segmented based on type, application, and distribution channel. In terms of type, the market is categorized into cricket flour, cricket protein isolate, and cricket protein concentrate. Cricket flour is gaining popularity due to its versatile use in various food products. Cricket protein isolate is sought after for its high protein content, making it a preferred choice for nutritional supplements. Cricket protein concentrate is also witnessing demand among manufacturers for its easy incorporation into different food and beverage products. When it comes to applications, the market is segmented into food & beverages, nutritional supplements, and animal feed. The food & beverages segment holds a substantial market share as cricket protein powder is being increasingly used in energy bars, snacks, and baked goods. Nutritional supplements are expected to showcase significant growth owing to the rising demand for alternative protein sources. In terms of distribution channel, the market is bifurcated into online retail and offline retail. The online retail segment is witnessing rapid growth due to the ease of access and convenience it offers to consumers. Offline retail, which includes supermarkets, specialty stores, and health food stores, also plays a crucial role in the distribution of cricket protein powder.