Duckweed Protein Market Analysis

Duckweed Protein Market Analysis

To get key market trends

  Download Free Sample

The lemna minor (common duckweed) segment recorded USD 22.3 million in 2023 and will reach USD 48.2 million by 2032, owing to its widespread availability and high protein content. As a rapidly growing aquatic plant, Lemna minor offers a sustainable and cost-effective source of protein suitable for various applications, from food and feed to pharmaceuticals and cosmetics. Adaptability to diverse environments and efficient nutrient absorption is further making common duckweed an attractive option to cater to the growing demand for plant-based protein alternatives worldwide.
 

The duckweed protein market from powder segment garnered USD 43.9 million in 2023 and will register USD 91.4 million by 2032 due to versatility and ease of use across various industries. Powdered duckweed protein offers convenience in storage, transportation, and incorporation into a wide range of products, including food and beverages, dietary supplements, animal feed, and cosmetics. Besides, powdered forms often boast longer shelf life and enhanced stability compared to other formats, making them preferred by manufacturers seeking reliable protein sources for their formulations.
 

Asia Pacific duckweed protein market size achieved a revenue of USD 24 million in 2023 and will surpass USD 49.8 million by 2032, driven by the burgeoning population, increasing demand for sustainable protein sources, and the extensive cultivation of duckweed in countries like China, India, and Southeast Asian countries. Moreover, favorable government initiatives and the rising investments in R&D across the region are promoting eco-friendly agriculture. With its substantial contribution to the global duckweed protein industry, Asia Pacific will stand as a key contributor to the industry development.