The Europe duckweed protein industry is anticipated to grow at a 20% CAGR between 2023 and 2033. By 2033, the market is expected to have grown from US$ 1.28 million to US$ 7.9 million.
The European market for duckweed protein is experiencing notable growth. This protein source, derived from duckweed, is gaining traction due to its nutritional benefits and sustainability. As consumer awareness regarding plant-based proteins continues to rise, the demand for duckweed protein is expected to surge further.
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Duckweed protein sales will account for 1.1% to 1.8% of the global demand for plant-based protein, finds Future Market Insights (FMI). Product developments by key manufacturers in the market that are aligned with consumer preference for healthy foods will continue pushing sales in the market over the forecast period.
The growing popularity of plant-based foods is expected to boost sales of duckweed protein in Europe. An increasing number of customers are switching to a plant-based diet, either to reduce their calorie consumption or to improve the quality of the food they consume.
Consumers are either going vegan or adopting a flexitarian lifestyle. This is resulting in higher demand for plant-based alternatives and protein sources, which is expected to spur demand for duckweed protein.
Key Takeaways:
- The global duckweed protein market will reach US$ 88.4 Mn 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.
Some of the leading companies offering duckweed protein are Parabel USA Inc., Pontus Water Lentils, Barentz B.V., Hinoman, Ltd, Plantible Foods, Inc. Lempro Inc., Seta Organics, and others.
Europe Duckweed Protein Market By Category:
By Form:
- Fresh Duckweed Protein
- Dried Duckweed Protein
Species:
- Wolffiella
- Spirodela
- Lemna
- Landoltia
- Wolffia
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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Frequently Asked Questions
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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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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