According to Future Market Insights, the overall sales of duckweed protein are expected to reach US$ 71.0 Mn in 2022, exhibiting growth at 8.8% CAGR by the end of 2032.
Health is a key motivator for people to switch to a plant-based diet. If manufacturers offer a diverse diet that includes a wide variety of nutritious fruits, vegetables, legumes and legumes, consumers will switch from meat and dairy to a more diverse plant-based diet several times a week. would be willing to switch to meat.
Therefore, the demand for duckweed protein is expected to increase during the forecast period. More and more consumers want retailers and manufacturers to expand their product range and play a pioneering role in becoming more customer-oriented. This initiative was especially noted in wealthy countries. Total number of new products launched in the duckweed protein market.
It has become an important part of this transition process for manufacturers to advertise and label their products to make them more appealing and attractive to consumers.
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Key Takeaways from the Duckweed Protein Market Study:
The global duckweed protein market is projected to surpass US$ 165.6 Mn, registering compound annual growth rate (CAGR) of 8.8% from 2022 to 2032.
The U.S. is estimated to account for more than 77.9% in the North America market in 2021 owing to the increased consumption of plant based protein.
China is estimated to account for nearly 54.2% of the East Asia market share in 2021, driven by increased use of duckweed protein in beverages.
Germany is expected to dominate the Europe duckweed protein market, holding a market share of 22.5% in 2021
“With growing consumption of plant-based protein and rising vegan trend, the demand for high protein food such as duckweed is accelerating across the globe.” said a lead analyst at FMI.
Who is winning?
Plant-based protein products are expected to see an increase in demand, especially from the fitness industry, according to Future Market Insights. Hence, key players are likely to enhance their manufacturing capacity and capabilities by embracing 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.
Get Valuable Insights into Duckweed Protein Market
FMI, in its new offering, provides an unbiased analysis of the duckweed protein market presenting historical demand data (2017-2021) and forecast statistics for the period from (2022-2032). The study discloses compelling insights on the demand for duckweed protein based on form (fresh and dried), based on species (wolffiella, spirodela, lemna, landoltia& wolffia), based on end use application (food processing, animal & fish feed and others (applied research, biofuel, etc) food processing further includes (protein/dieatary supplements, energy bars, snacks & salads, beverages, and others) across seven major regions.
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The report covers exhaustive analysis on:
How much is the duckweed protein market current worth?
At what CAGR is the market expected to grow?
What are the key trends boosting duckweed protein sales?
What is the market share of the leading players operating in the global duckweed protein market?
Which are the major countries driving the demand for duckweed protein?
What is the demand outlook of duckweed protein market in Japan?
At what rate will the U.S. duckweed protein market grow?
How is the plant-based industry transitioning from a niche sector to a mainstream industry? Get the answers in Future Market Insights plant-based market blog!
Frequently Asked Questions
- How much is the duckweed protein market current worth?
- At what CAGR is the market expected to grow?
- What are the key trends boosting duckweed protein sales?
- What is the market share of the leading players operating in the global duckweed protein market?
- Which are the major countries driving the demand for duckweed protein?
- What is the demand outlook of duckweed protein market in Japan?
- At what rate will the U.S. duckweed protein market grow?
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