Europe duckweed protein market is expected to capture a 20% CAGR from 2023 to 2033. The market is likely to increase from US$ 1.28 million in 2023 to US$ 7.9 million by 2033.
According to Future Market Insights (FMI), sales of duckweed protein will make up 1.1% to 1.8% of the global market for plant-based protein. Over the course of the projection period, sales in the market will continue to be driven by product developments by significant industry players that are in line with customer preferences for healthy meals.
Sales of duckweed protein are anticipated to increase in Europe due to the rising popularity of plant-based cuisine. A growing number of consumers are making the conversion to a plant-based diet, either to cut back on calories or to boost the nutritional value of the food they eat.
Duckweed protein is gaining popularity in the market for plant-based proteins. Compared to other protein sources on the market today, it has higher leucine and amino acids.
Either consumer are adopting a flexitarian or vegan lifestyle. As a result, there is an increase in demand for plant-based protein alternatives, which is predicted to drive up demand for duckweed protein.
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Key Takeaways:
- The global duckweed protein market will reach US$ 88.4 Million in 2026.
- Sales are projected to increase at a 9.1% CAGR from 2022 to 2026.
- Europe accounted for 1.5% to 2.0% of the global duckweed protein market share approximately in 2021.
Competition Landscape:
Leading players operating in the Europe duckweed protein market are launching innovative products aligning with the growing demand for plant-based protein alternatives. In addition to this, players are also investing in acquisitions, mergers and collaborations to expand their manufacturing capacity and to improve capabilities by incorporating cutting-edge technologies.
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Major Players:
- Parabel USA Inc.
- Pontus Water Lentils
- Barentz B.V.
- Hinoman, Ltd
- Plantible Foods, Inc.
- Lempro Inc.
- Seta Organics
Key Segmentations:
By Form:
- Fresh Duckweed Protein
- Dried Duckweed Protein
By Species:
- Wolffiella
- Spirodela
- Lemna
- Landoltia
- Wolffia
By End Use:
- Food Processing
-
- Protein/Dietary Supplements
- Energy Bars
- Snacks & Salads
- Beverages
- Others
- Animal & Fish Feed
- Others (applied research, biofuel, etc.)
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Author by:
Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.
She has exceptional analytical skills and often brings thought leadership to the table.
Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.
Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.
Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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