Emerging Europe Duckweed Protein Market: Reaching US$ 7.9 Million by 2033

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 quickly growing. This protein source derived from duckweed is becoming increasingly popular due to its nutritional benefits and sustainability. As consumer awareness of plant-based proteins rises, demand for duckweed protein is expected to rise 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 The increased popularity of plant-based diets is likely to drive up sales of duckweed protein in Europe. An rising number of clients are adopting a plant-based diet, either to cut their calorie intake or to increase the quality of their food.

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.

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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.)

Frequently Asked Questions

  • What is the Future Scope of Growth for the Europe Duckweed Protein Market?
  • What Drives the Europe Duckweed Protein Market?
  • What is the Current Europe Duckweed Protein Market Size?
  • What is the market rate of Europe Duckweed Protein?

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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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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