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Duckweed Protein Market Share

Report ID: GMI5570
Published Date: Jun 2024
Report Format: PDF

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Duckweed Protein Market Share

Duckweed Protein Company Market Share, (2023)

These companies are expanding their industry foothold through strategic initiatives, such as mergers and acquisitions, partnerships, and product launches. By leveraging their expertise and resources, they aim to enhance their product portfolios, improve production efficiency, and capture a larger market share. Also, investments in R&D are enabling them to innovate and develop novel applications for duckweed protein for catering to the evolving consumer preferences and market trends.

Duckweed Protein Market Companies

Some of the key companies in the duckweed protein industry include:

Aquatic Technologies
Green Orchid Nursery
GreenCrop, LLC
Landoltia
Parabel
Plantible
SETA Organic
WASE Aquaculture

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of duckweed protein reached USD 66.3 million in 2023 and is set to witness 8.4% CAGR from 2024 to 2032, owing to the increasing consumer awareness of health and environmental issues coupled with the rising stream of product innovations.

The lemna minor (common duckweed) species segment in the duckweed protein industry recorded USD 22.3 million in 2023, attributed to its widespread availability and high protein content.

The powder form segment in the duckweed protein market accounted for USD 43.9 million in revenue in 2023, due to versatility and ease of use across various industries.

Asia Pacific market size recorded USD 24 million in 2023, led by the increasing demand for sustainable protein sources, and the extensive cultivation of duckweed in countries like China, India, and Southeast Asian countries.