Home > Food & Beverages > Proteins > Alternative Proteins > Duckweed Protein Market

Duckweed Protein Market Trends

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

Download Free Sample

Duckweed Protein Market Trends

The rising demand for plant-based protein, coupled with innovations in cultivation methods will play a key role to propel the industry forward. The increasing consumer preference for sustainable and healthier dietary choices is fueling the demand for duckweed protein as an alternative to traditional animal-derived proteins.

Advancements in cultivation techniques are enhancing the efficiency and scalability of duckweed production, ensuring a reliable supply of this eco-friendly protein source to meet the growing market demand. For instance, in June 2023, Plantible Foods launched Rubi Whisk, a duckweed-based egg replacer that outperforms poultry eggs. This plant-based product is ideal for baking, gluten-free items, pasta, and various other applications.

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.