June 12, 2020
Growing popularity in insect production globally could be an opportunity for Thailand to boost export of crickets and other insects, according to a study by Bangkok Bank. It said market value of insects in the world was USD 400 million in 2019. In Asia, the market value of insects could reach USD 200 million this year. “Thailand has only two large-scale cricket farms, producing 700 tonnes of the insect worth about USD 31 million. There is a huge opportunity for the country to produce crickets and insects for export,” the report said.